KIRBY CORP (KEX)
US4972661064 - Common Stock
Taking everything into account, KEX scores 5 out of 10 in our fundamental rating. KEX was compared to 29 industry peers in the Marine Transportation industry. KEX has an average financial health and profitability rating. KEX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
KEX had positive earnings in the past year.
KEX had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: KEX reported negative net income in multiple years.
Each year in the past 5 years KEX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of KEX (4.37%) is comparable to the rest of the industry.
KEX has a Return On Equity (7.84%) which is comparable to the rest of the industry.
KEX's Return On Invested Capital of 5.50% is in line compared to the rest of the industry. KEX outperforms 51.72% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KEX is below the industry average of 7.74%.
The last Return On Invested Capital (5.50%) for KEX is above the 3 year average (3.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.37% | ||
| ROE | 7.84% | ||
| ROIC | 5.5% |
ROA(3y)0.51%
ROA(5y)-0.15%
ROE(3y)0.82%
ROE(5y)-0.43%
ROIC(3y)3%
ROIC(5y)2.82%
1.3 Margins
The Profit Margin of KEX (8.01%) is worse than 68.97% of its industry peers.
KEX's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 11.92%, KEX is doing worse than 65.52% of the companies in the same industry.
KEX's Operating Margin has improved in the last couple of years.
KEX's Gross Margin of 30.49% is on the low side compared to the rest of the industry. KEX is outperformed by 75.86% of its industry peers.
KEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.92% | ||
| PM (TTM) | 8.01% | ||
| GM | 30.49% |
OM growth 3Y18.23%
OM growth 5Y5.13%
PM growth 3YN/A
PM growth 5Y22.35%
GM growth 3Y-1.05%
GM growth 5Y1.57%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KEX is destroying value.
The number of shares outstanding for KEX has been reduced compared to 1 year ago.
Compared to 5 years ago, KEX has less shares outstanding
Compared to 1 year ago, KEX has an improved debt to assets ratio.
2.2 Solvency
KEX has an Altman-Z score of 3.12. This indicates that KEX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.12, KEX belongs to the top of the industry, outperforming 86.21% of the companies in the same industry.
KEX has a debt to FCF ratio of 4.47. This is a neutral value as KEX would need 4.47 years to pay back of all of its debts.
KEX has a better Debt to FCF ratio (4.47) than 72.41% of its industry peers.
KEX has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.33, KEX is in the better half of the industry, outperforming 65.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 4.47 | ||
| Altman-Z | 3.12 |
ROIC/WACC0.68
WACC8.13%
2.3 Liquidity
A Current Ratio of 1.81 indicates that KEX should not have too much problems paying its short term obligations.
KEX has a Current ratio (1.81) which is comparable to the rest of the industry.
KEX has a Quick Ratio of 1.12. This is a normal value and indicates that KEX is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of KEX (1.12) is worse than 62.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 74.79% over the past year.
The Earnings Per Share has been growing slightly by 5.11% on average over the past years.
The Revenue has been growing slightly by 7.69% in the past year.
KEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.80% yearly.
EPS 1Y (TTM)74.79%
EPS 3Y26.45%
EPS 5Y5.11%
EPS Q2Q%75%
Revenue 1Y (TTM)7.69%
Revenue growth 3Y12.5%
Revenue growth 5Y0.8%
Sales Q2Q%7.67%
3.2 Future
The Earnings Per Share is expected to grow by 29.48% on average over the next years. This is a very strong growth
KEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.50% yearly.
EPS Next Y42.09%
EPS Next 2Y33.03%
EPS Next 3Y29.48%
EPS Next 5YN/A
Revenue Next Year6.97%
Revenue Next 2Y6.74%
Revenue Next 3Y7.5%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 27.45 indicates a quite expensive valuation of KEX.
KEX's Price/Earnings ratio is a bit more expensive when compared to the industry. KEX is more expensive than 72.41% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.42. KEX is around the same levels.
A Price/Forward Earnings ratio of 17.64 indicates a rather expensive valuation of KEX.
KEX's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of KEX to the average of the S&P500 Index (20.02), we can say KEX is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.45 | ||
| Fwd PE | 17.64 |
4.2 Price Multiples
KEX's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. KEX is more expensive than 86.21% of the companies in the same industry.
KEX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.51 | ||
| EV/EBITDA | 13.08 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as KEX's earnings are expected to grow with 29.48% in the coming years.
PEG (NY)0.65
PEG (5Y)5.38
EPS Next 2Y33.03%
EPS Next 3Y29.48%
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
KIRBY CORP
NYSE:KEX (6/14/2024, 7:19:02 PM)
After market: 116.11 0 (0%)116.11
-3.65 (-3.05%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.77B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.45 | ||
| Fwd PE | 17.64 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.65
PEG (5Y)5.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.37% | ||
| ROE | 7.84% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 11.92% | ||
| PM (TTM) | 8.01% | ||
| GM | 30.49% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.81 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)74.79%
EPS 3Y26.45%
EPS 5Y
EPS Q2Q%
EPS Next Y42.09%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.69%
Revenue growth 3Y12.5%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y