Pan Ocean Co Ltd
Pan Ocean Co Ltd operates in the marine transportation industry within the Industrials sector, generating revenue through shipping activities.
Business. Pan Ocean Co Ltd operates in the marine transportation industry within the Industrials sector, generating revenue through shipping activities.
Analyst recommendations
14 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Pan Ocean Co Ltd operates in the marine transportation industry within the Industrials sector, generating revenue through shipping activities.
Pan Ocean maintains a leveraged capital structure with long-term debt of 4.49 trillion KRW against total equity of 5.72 trillion KRW, resulting in a debt-to-equity ratio of 0.78. The company holds 832.7 billion KRW in cash and equivalents, but net cash is negative after subtracting total debt, indicating a medium liquidity risk. The current ratio stands at 1.36, suggesting adequate short-term liquidity coverage. Operating cash flow is 702.7 billion KRW, while free cash flow is 536.7 billion KRW, reflecting capital expenditures of 221.6 billion KRW.
Profitability metrics show a return on equity of 5.66% and a return on assets of 2.98%. The company reports a net income of 301.4 billion KRW on revenue of 5.43 trillion KRW, yielding a net margin of approximately 5.55%. Operating income is 446.7 billion KRW, indicating an operating margin of roughly 8.22%. Without cohort median data for direct comparison, these returns must be evaluated against general industry standards for marine transportation, which typically exhibit cyclical profitability.
Segment and geographic revenue breakdowns are not provided in the available data. The company's activity is classified as unclassified within the broader marine transportation industry, limiting detailed analysis of revenue concentration by segment or region.
Historical revenue and net income trends are not available in the input data. The latest normalized period shows revenue of 5.43 trillion KRW, but without historical periods, the growth trajectory cannot be assessed.
Risk assessment indicates medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, highlighting the company's reliance on debt financing. The dilution risk is low, with basic and diluted shares outstanding being identical at 534.6 million shares.
Recent IR observations show a mean analyst price target of 7,150 KRW, with a median target of 7,300 KRW. The mean recommendation is 1.64, indicating a strong buy consensus, with 6 strong buy and 7 buy ratings. The high price target is 9,000 KRW, and the low is 4,100 KRW.
- Pan Ocean trades at a P/E of 8.25 and a P/B of 0.47, suggesting undervaluation relative to book value.
- The company generates positive free cash flow of 536.7 billion KRW, supporting debt servicing and capital expenditures.
- Medium liquidity risk is driven by negative net cash after debt subtraction, despite a current ratio of 1.36.
- Analyst consensus is strongly positive, with a mean recommendation of 1.64 and a mean price target of 7,150 KRW.
- Dilution risk is low, with no difference between basic and diluted shares outstanding.
Bull / Bear case
Generated · model-assistedAnalysts project 35.4% upside to a mean price target of 7,150 KRW, signaling strong market confidence.
Free cash flow surged 74.3% year-over-year to 536.7 billion KRW, demonstrating robust cash generation capabilities.
Cash conversion ratio of 2.17 significantly exceeds the cohort median of 1.2, highlighting high earnings quality.
Long-term debt increased to 4.49 trillion KRW in FY2026, raising significant leverage and credit risk concerns.
The company faces high credit risk, which could impair financial stability and increase borrowing costs significantly.
Net income declined at a 13.9% CAGR over four years, indicating a deteriorating long-term profitability trend.
Medium liquidity risk flags potential challenges in meeting short-term obligations without significant asset liquidation.
In focus — financials by report
Revenue KRW 1.51T, +8,3% YoY; Operating income +27,4% YoY.
- ▍Revenue KRW 1.51T, +8,3% YoY
- ▍Operating income +27,4% YoY
- ▍Net income +31,2% YoY
- ▍Free cash flow −7,3% YoY
- ▍Net margin 6.3%
Revenue KRW 1.48T, −11,9% YoY; Operating income +107,1% YoY.
- ▍Revenue KRW 1.48T, −11,9% YoY
- ▍Operating income +107,1% YoY
- ▍Net income +248,0% YoY
- ▍Free cash flow +2 530,7% YoY
- ▍Net margin 3.3%
Revenue KRW 1.27T, −0,6% YoY; Operating income −5,9% YoY.
- ▍Revenue KRW 1.27T, −0,6% YoY
- ▍Operating income −5,9% YoY
- ▍Net income −55,8% YoY
- ▍Free cash flow +27,1% YoY
- ▍Net margin 4.6%
Revenue KRW 1.29T, +4,9% YoY; Operating income −21,9% YoY.
- ▍Revenue KRW 1.29T, +4,9% YoY
- ▍Operating income −21,9% YoY
- ▍Net income +12,0% YoY
- ▍Free cash flow −2,2% YoY
- ▍Net margin 9.5%
Revenue KRW 1.39T; Operating income KRW 108.71B.
- ▍Revenue KRW 1.39T
- ▍Operating income KRW 108.71B
- ▍Net margin 5.2%
Revenue KRW 1.68T; Operating income KRW 51.19B.
- ▍Revenue KRW 1.68T
- ▍Operating income KRW 51.19B
- ▍Net margin -2.0%
Revenue KRW 1.28T; Operating income KRW 121.17B.
- ▍Revenue KRW 1.28T
- ▍Operating income KRW 121.17B
- ▍Net margin 10.3%
Revenue KRW 1.23T; Operating income KRW 151.03B.
- ▍Revenue KRW 1.23T
- ▍Operating income KRW 151.03B
- ▍Net margin 8.9%
Revenue KRW 5.43T, +5,3% YoY; Operating income +6,7% YoY.
- ▍Revenue KRW 5.43T, +5,3% YoY
- ▍Operating income +6,7% YoY
- ▍Net income +12,4% YoY
- ▍Free cash flow +74,3% YoY
- ▍Net margin 5.5%
Revenue KRW 5.16T, +18,4% YoY; Operating income +30,4% YoY.
- ▍Revenue KRW 5.16T, +18,4% YoY
- ▍Operating income +30,4% YoY
- ▍Net income +9,4% YoY
- ▍Free cash flow −9,6% YoY
- ▍Net margin 5.2%
Revenue KRW 4.36T, −32,1% YoY; Operating income −56,0% YoY.
- ▍Revenue KRW 4.36T, −32,1% YoY
- ▍Operating income −56,0% YoY
- ▍Net income −63,8% YoY
- ▍Free cash flow −64,0% YoY
- ▍Net margin 5.6%
Revenue KRW 6.42T, +39,1% YoY; Operating income +28,7% YoY.
- ▍Revenue KRW 6.42T, +39,1% YoY
- ▍Operating income +28,7% YoY
- ▍Net income +23,3% YoY
- ▍Free cash flow +71,6% YoY
- ▍Net margin 10.5%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 721,31 |
| Revenue | —no estimate | —no estimate | 6,00T KRW |
| Operating income | —no estimate | —no estimate | 568,9B KRW |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Physical assets
123 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| AL GALAYEL | Vessel | — | North Atlantic Ocean | Manager |
| AL QA'IYYAH | Vessel | Liquefied Natural Gas | West Indian Ocean | Manager |
| AL QASSAR | Vessel | — | East Med Sea, East Med Tanker Zone | Manager |
| ARBORELLA | Vessel | — | East Coast US Bulker Zone, West Atlantic Ocean (Americas), Florida, United States | Manager |
| BRASSIANA | Vessel | — | West Med Bulker Zone, West Med, Gibraltar Strait Waypoint | Manager |
| BUM SHIN | Vessel | — | Borneo Sea, Singapore Tanker Zone, Malaysia | Registered owner |
| BUM SHIN | Vessel | — | Borneo Sea, Singapore Tanker Zone, Malaysia | Manager |
| BUM YOUNG | Vessel | — | Sulu Sea, Manila Tanker Zone, Malaysia | Manager |
| BUM YOUNG | Vessel | — | Sulu Sea, Manila Tanker Zone, Malaysia | Registered owner |
| CITRIODORA | Vessel | — | West Med Bulker Zone, West Med | Manager |
| DELICATA | Vessel | — | Far East Bulker Zone, Yangtze River, China (Mainland) | Manager |
| DUNNII | Vessel | — | Red Sea Bulker Zone, Red Sea | Manager |
| FOMENTO TWO | Vessel | — | Far East Bulker Zone, East Sea / Sea of Japan | Manager |
| GRAND ACE10 | Vessel | Fuel Oil|Oil / Oil Products | South China Sea, Thailand Tanker Zone | Manager |
| GRAND ACE11 | Vessel | — | Kyushu and Okinawa, North Pacific Ocean (Japan), Japan Tanker Zone, Japan | Registered owner |
| GRAND ACE11 | Vessel | — | Kyushu and Okinawa, North Pacific Ocean (Japan), Japan Tanker Zone, Japan | Manager |
| GRAND ACE12 | Vessel | — | Java Sea, Singapore Tanker Zone | Manager |
| GRAND ACE6 | Vessel | — | Caribbean Sea, Caribbean Tanker Zone, Panama Canal Waypoint | Manager |
| GRAND AMBITION | Vessel | Crude Oil | East China Sea, Japan Tanker Zone | Manager |
| GRAND BONANZA | Vessel | Crude Oil | Arabian Gulf Tanker Zone, Persian Gulf | Manager |
| GRAND WINNER 1 | Vessel | — | Pacific Ocean (Oceania) | Manager |
| GRAND WINNER 2 | Vessel | — | East China Sea, Korea Tanker Zone | Manager |
| GRAND WINNER 3 | Vessel | Gasoline|Jet Fuel | Pacific Ocean (Oceania) | Manager |
| GRAND WINNER 5 | Vessel | Diesel | South Pacific Ocean (NZ), Sydney Tanker Zone | Manager |
| GRAND WINNER 6 | Vessel | — | Pacific Ocean (Oceania), Lawi-Lawi Terminal Tanker Zone | Manager |
| GRAND WINNER 7 | Vessel | Jet Fuel | North Pacific Ocean (Japan) | Manager |
| GRANDIS | Vessel | — | East Coast South America Bulker Zone, West Atlantic Ocean (Americas) | Manager |
| HALOPHYLA | Vessel | — | North West Africa Bulker Zone, East Atlantic Ocean (Africa) | Manager |
| JAL KAMAL | Vessel | Wheat | Nopac Bulker Zone, North Pacific Ocean (North America) | Manager |
| LNG KOLT | Vessel | Liquefied Natural Gas | Java Sea, Singapore Tanker Zone | Manager |
| NEW BRAVE | Vessel | — | West Atlantic Ocean (Americas) | Manager |
| NEW FRONTIER1 | Vessel | — | West Med, Gibraltar Strait Waypoint | Manager |
| NEW FRONTIER2 | Vessel | — | West Atlantic Ocean (Americas) | Manager |
| NEW GREEN | Vessel | Liquefied Natural Gas | North Pacific Ocean (North America), Alaska Tanker Zone, Aleutian South Bound Waypoint | Manager |
| NEW NATURE | Vessel | — | South Pacific Ocean (South America), Chile Tanker Zone | Manager |
| NEW OASIS | Vessel | Liquefied Natural Gas | East China Sea, Japan Tanker Zone | Manager |
| PAN ACACIA | Vessel | — | Guangdong, Far East Bulker Zone, South China Sea, China (Mainland) | Manager |
| PAN ADVANCE | Vessel | Iron Ore | West Indian Ocean, Indian Ocean Bulker Zone | Manager |
| PAN AMBER | Vessel | — | Western Australia, Australia, West Aussie Bulker Zone, East Indian Ocean | Manager |
| PAN AMBER | Vessel | — | Western Australia, Australia, West Aussie Bulker Zone, East Indian Ocean | Registered owner |
| PAN BICORN | Vessel | Coal | South East Asia Bulker Zone, Java Sea, Singapore Strait Waypoint | Manager |
| PAN BONA | Vessel | — | South East Asia Bulker Zone, Pacific Ocean (Oceania) | Manager |
| PAN BONITA | Vessel | — | Persian Gulf Bulker Zone, Persian Gulf | Registered owner |
| PAN BONITA | Vessel | — | Persian Gulf Bulker Zone, Persian Gulf | Manager |
| PAN CERES | Vessel | Coal | East Africa Bulker Zone, West Indian Ocean | Manager |
| PAN CHAMPION | Vessel | Coal | Far East Bulker Zone, North Pacific Ocean (Japan) | Manager |
| PAN COSMOS | Vessel | — | Far East Bulker Zone, East China Sea, Korea Strait Waypoint, South Korea | Registered owner |
| PAN COSMOS | Vessel | — | Far East Bulker Zone, East China Sea, Korea Strait Waypoint, South Korea | Manager |
| PAN DANGJIN | Vessel | — | South East Asia Bulker Zone, Solomon Sea | Manager |
| PAN DELIGHT | Vessel | — | Far East Bulker Zone, Yangtze River, China (Mainland) | Registered owner |
| PAN DELIGHT | Vessel | — | Far East Bulker Zone, Yangtze River, China (Mainland) | Manager |
| PAN DREAM | Vessel | — | Chugoku, Far East Bulker Zone, North Pacific Ocean (Japan), Japan | Manager |
| PAN EMERALD | Vessel | Iron Ore | South East Asia Bulker Zone, Banda and Timor Seas | Manager |
| PAN EPIC | Vessel | Iron Ore | Antwerp Rotterdam Amsterdam Ghent Bulker Zone, English Channel | Manager |
| PAN ESPERANZA | Vessel | — | Brazil, Maranhao, East Coast South America Bulker Zone, West Atlantic Ocean (Americas) | Manager |
| PAN FALCON | Vessel | — | East Coast South America Bulker Zone, South Atlantic Ocean | Manager |
| PAN FLOWER | Vessel | — | Far East Bulker Zone, East Sea / Sea of Japan | Manager |
| PAN FLOWER | Vessel | — | Far East Bulker Zone, East Sea / Sea of Japan | Registered owner |
| PAN FORTUNE | Vessel | — | Gujarat, West Coast India Bulker Zone, Arabian Sea, India | Registered owner |
| PAN FORTUNE | Vessel | — | Gujarat, West Coast India Bulker Zone, Arabian Sea, India | Manager |
| PAN FREEDOM | Vessel | Alumina / Bauxite | South Atlantic Ocean | Manager |
| PAN FREESIA | Vessel | — | Far East Bulker Zone, East China Sea | Manager |
| PAN FUTURE | Vessel | — | Far East Bulker Zone, East China Sea | Registered owner |
| PAN FUTURE | Vessel | — | Far East Bulker Zone, East China Sea | Manager |
| PAN GLOBAL | Vessel | Iron Ore | Louisiana, US Gulf Bulker Zone, Gulf of Mexico, United States | Manager |
| PAN GOLD | Vessel | — | East Coast South America Bulker Zone, South Atlantic Ocean | Manager |
| PAN GRACE | Vessel | — | West Aussie Bulker Zone, East Indian Ocean | Registered owner |
| PAN GRACE | Vessel | — | West Aussie Bulker Zone, East Indian Ocean | Manager |
| PAN HARVEST | Vessel | — | South Africa Bulker Zone, South Atlantic Ocean | Manager |
| PAN HOPE | Vessel | — | Shandong, Far East Bulker Zone, East China Sea, China (Mainland) | Manager |
| PAN HORIZON | Vessel | Coal | South East Asia Bulker Zone, Bismarck Sea | Manager |
| PAN IMPERIAL | Vessel | Sugar | North Coast South America Bulker Zone, Caribbean Sea | Manager |
| PAN IRIS | Vessel | Coal | Far East Bulker Zone, East China Sea | Manager |
| PAN JINJU | Vessel | — | Far East Bulker Zone, East China Sea | Manager |
| PAN JOY | Vessel | Coal | South East Asia Bulker Zone, North Pacific Ocean (Japan) | Manager |
| PAN KOMIPO | Vessel | — | Nopac Bulker Zone, North Pacific Ocean (North America) | Registered owner |
| PAN KOMIPO | Vessel | — | Nopac Bulker Zone, North Pacific Ocean (North America) | Manager |
| PAN MAJESTY | Vessel | — | Shandong, Far East Bulker Zone, East China Sea, China (Mainland) | Manager |
| PAN MARGARET | Vessel | — | South East Asia Bulker Zone, East Indian Ocean | Manager |
| PAN MARGARET | Vessel | — | South East Asia Bulker Zone, East Indian Ocean | Registered owner |
| PAN MUTIARA | Vessel | Soybean | South Atlantic Ocean | Registered owner |
| PAN MUTIARA | Vessel | Soybean | South Atlantic Ocean | Manager |
| PAN NAVIGATOR | Vessel | — | Queensland, Australia, East Aussie Bulker Zone, Coral Sea | Manager |
| PAN NOVA | Vessel | — | Victoria, Australia, East Aussie Bulker Zone, Great Australian Bight | Manager |
| PAN OPTIMUM | Vessel | — | South East Asia Bulker Zone, Banda and Timor Seas | Manager |
| PAN PEGASUS | Vessel | — | Far East Bulker Zone, East Sea / Sea of Japan | Manager |
| PAN POSEIDON | Vessel | — | West Coast India Bulker Zone, West Indian Ocean | Manager |
| PAN QUANTUM | Vessel | — | East Coast US Bulker Zone, West Atlantic Ocean (Americas) | Manager |
| PAN QUEEN | Vessel | — | Nopac Bulker Zone, North Pacific Ocean (North America) | Manager |
| PAN QUEST | Vessel | — | Brazil, Bahia, East Coast South America Bulker Zone, South Atlantic Ocean | Manager |
| PAN SPIRIT | Vessel | — | Baltic Bulker Zone, Baltic Sea | Manager |
| PAN TAEAN | Vessel | Coal | Far East Bulker Zone, North Pacific Ocean (Japan) | Manager |
| PAN TOPAZ | Vessel | Soybean | South Atlantic Ocean | Manager |
| PAN UNITY | Vessel | — | Nopac Bulker Zone, North Pacific Ocean (North America) | Manager |
| POS BANGKOK | Vessel | — | Far East Liner Zone, South China Sea | Manager |
| POS GUANGZHOU | Vessel | — | Far East Liner Zone, East China Sea | Manager |
| POS QINGDAO | Vessel | — | Far East Liner Zone, East China Sea | Manager |
| POS SHANGHAI | Vessel | — | Far East Liner Zone, East Sea / Sea of Japan, Korea Strait Waypoint | Registered owner |
| POS SHANGHAI | Vessel | — | Far East Liner Zone, East Sea / Sea of Japan, Korea Strait Waypoint | Manager |
| POS YOKOHAMA | Vessel | — | Far East Liner Zone, East Sea / Sea of Japan, Korea Strait Waypoint | Manager |
| POS YOKOHAMA | Vessel | — | Far East Liner Zone, East Sea / Sea of Japan, Korea Strait Waypoint | Registered owner |
| ROBUSTA | Vessel | — | US Gulf Bulker Zone, Gulf of Mexico | Manager |
| SALIGNA | Vessel | — | South East Asia Bulker Zone, South China Sea | Manager |
| SEA BEIJING | Vessel | — | East Africa Bulker Zone, West Indian Ocean | Manager |
| SEA FUJIYAMA | Vessel | — | East Indian Ocean, Indian Ocean Bulker Zone | Manager |
| SEA GUAIBA | Vessel | — | West Indian Ocean | Manager |
| SEA SHANGHAI | Vessel | — | West Indian Ocean, Indian Ocean Bulker Zone | Manager |
| SEA VICTORIA | Vessel | — | Far East Bulker Zone, East China Sea | Manager |
| SEA ZHOUSHAN | Vessel | Iron Ore | East Indian Ocean, Indian Ocean Bulker Zone | Manager |
| SHAFALLAH | Vessel | — | West Atlantic Ocean (Americas), Bahamas Tanker Zone | Manager |
| SUN ORCHID | Vessel | — | South East Asia Bulker Zone, Andaman Sea | Manager |
| SUPER EASTERN | Vessel | Petrochemical | East China Sea, Japan Tanker Zone | Registered owner |
| SUPER EASTERN | Vessel | Petrochemical | East China Sea, Japan Tanker Zone | Manager |
| SUPER FORTE | Vessel | Petrochemical | Borneo Sea, Thailand Tanker Zone | Manager |
| SUPER FORTE | Vessel | Petrochemical | Borneo Sea, Thailand Tanker Zone | Registered owner |
| SUPER HERO | Vessel | — | Borneo Sea, Manila Tanker Zone, Malaysia | Manager |
| SUPER INFINITY | Vessel | — | Borneo Sea, Singapore Tanker Zone | Manager |
| UMM SWAYYAH | Vessel | — | North Atlantic Ocean | Manager |
| UROPHYLLA | Vessel | — | South Africa Bulker Zone, West Indian Ocean | Manager |
| VOKARIA | Vessel | — | Far East Bulker Zone, East Sea / Sea of Japan, South Korea | Manager |
| WORLD CREST | Vessel | — | Nopac Bulker Zone, North Pacific Ocean (North America) | Manager |
| XINSHIDAI CHUXIN 23 | Vessel | — | Far East Bulker Zone, North Pacific Ocean (Japan) | Manager |
| YASA VIOLET | Vessel | — | South East Asia Bulker Zone, South China Sea | Manager |
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- Ev To Revenueenterprise_value / revenue
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Return On Assetsnet_income / total_assets
- Cash Conversion Ratiooperating_cash_flow / net_income
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Pan Ocean Co Ltd Market data — financials · 2026-07-09
- Pan Ocean Co Ltd Market data — analyst estimates · 2026-07-09
- Pan Ocean Co Ltd Market data — ESG · 2026-07-09