KIRBY CORP (KEX) Stock Fundamental Analysis
USA - NYSE:KEX - US4972661064 - Common Stock
85.56 USD
+0.81 (+0.96%)
85.56 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to KEX. KEX was compared to 35 industry peers in the Marine Transportation industry. KEX has an average financial health and profitability rating. KEX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
KEX had positive earnings in the past year.
In the past year KEX had a positive cash flow from operations.
In multiple years KEX reported negative net income over the last 5 years.
In the past 5 years KEX always reported a positive cash flow from operatings.
1.2 Ratios
KEX's Return On Assets of 4.98% is fine compared to the rest of the industry. KEX outperforms 68.57% of its industry peers.
KEX's Return On Equity of 8.94% is fine compared to the rest of the industry. KEX outperforms 68.57% of its industry peers.
KEX has a Return On Invested Capital of 6.70%. This is in the better half of the industry: KEX outperforms 68.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KEX is significantly below the industry average of 18.85%.
The last Return On Invested Capital (6.70%) for KEX is above the 3 year average (4.97%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 8.94% | ||
| ROIC | 6.7% |
ROA(3y)3.67%
ROA(5y)0.36%
ROE(3y)6.52%
ROE(5y)0.44%
ROIC(3y)4.97%
ROIC(5y)3.63%
1.3 Margins
The Profit Margin of KEX (9.25%) is comparable to the rest of the industry.
KEX's Profit Margin has improved in the last couple of years.
KEX has a Operating Margin (14.27%) which is in line with its industry peers.
KEX's Operating Margin has improved in the last couple of years.
KEX has a Gross Margin of 33.70%. This is in the lower half of the industry: KEX underperforms 65.71% of its industry peers.
KEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.27% | ||
| PM (TTM) | 9.25% | ||
| GM | 33.7% |
OM growth 3Y59.45%
OM growth 5Y10.82%
PM growth 3YN/A
PM growth 5Y11.9%
GM growth 3Y7.28%
GM growth 5Y2.75%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KEX is destroying value.
Compared to 1 year ago, KEX has less shares outstanding
Compared to 5 years ago, KEX has less shares outstanding
The debt/assets ratio for KEX has been reduced compared to a year ago.
2.2 Solvency
KEX has an Altman-Z score of 2.68. This is not the best score and indicates that KEX is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.68, KEX belongs to the top of the industry, outperforming 82.86% of the companies in the same industry.
The Debt to FCF ratio of KEX is 4.28, which is a neutral value as it means it would take KEX, 4.28 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.28, KEX is doing good in the industry, outperforming 68.57% of the companies in the same industry.
A Debt/Equity ratio of 0.33 indicates that KEX is not too dependend on debt financing.
KEX has a Debt to Equity ratio of 0.33. This is in the better half of the industry: KEX outperforms 68.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 4.28 | ||
| Altman-Z | 2.68 |
ROIC/WACC0.85
WACC7.89%
2.3 Liquidity
A Current Ratio of 1.74 indicates that KEX should not have too much problems paying its short term obligations.
KEX's Current ratio of 1.74 is fine compared to the rest of the industry. KEX outperforms 65.71% of its industry peers.
A Quick Ratio of 1.12 indicates that KEX should not have too much problems paying its short term obligations.
The Quick ratio of KEX (1.12) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.99% over the past year.
The Earnings Per Share has been growing by 13.41% on average over the past years. This is quite good.
The Revenue has been growing slightly by 2.45% in the past year.
The Revenue has been growing slightly by 2.85% on average over the past years.
EPS 1Y (TTM)23.99%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%16.78%
Revenue 1Y (TTM)2.45%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%3.77%
3.2 Future
The Earnings Per Share is expected to grow by 10.58% on average over the next years. This is quite good.
KEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.43% yearly.
EPS Next Y16.17%
EPS Next 2Y14.23%
EPS Next 3Y10.58%
EPS Next 5YN/A
Revenue Next Year2.24%
Revenue Next 2Y3%
Revenue Next 3Y5.43%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.65, KEX is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of KEX is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.40. KEX is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 12.01, KEX is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KEX is on the same level as its industry peers.
KEX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.65 | ||
| Fwd PE | 12.01 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KEX is valued a bit more expensive than the industry average as 62.86% of the companies are valued more cheaply.
KEX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.28 | ||
| EV/EBITDA | 8.09 |
4.3 Compensation for Growth
KEX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of KEX may justify a higher PE ratio.
PEG (NY)0.91
PEG (5Y)1.09
EPS Next 2Y14.23%
EPS Next 3Y10.58%
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
85.56
+0.81 (+0.96%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners104.07%
Inst Owner Change-0.39%
Ins Owners0.73%
Ins Owner Change1.6%
Market Cap4.77B
Analysts84.44
Price Target119.68 (39.88%)
Short Float %4.59%
Short Ratio2.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.29%
Min EPS beat(2)-0.03%
Max EPS beat(2)2.61%
EPS beat(4)2
Avg EPS beat(4)1.53%
Min EPS beat(4)-0.86%
Max EPS beat(4)4.4%
EPS beat(8)5
Avg EPS beat(8)4.35%
EPS beat(12)8
Avg EPS beat(12)4.48%
EPS beat(16)11
Avg EPS beat(16)2.28%
Revenue beat(2)0
Avg Revenue beat(2)-2.8%
Min Revenue beat(2)-5.08%
Max Revenue beat(2)-0.52%
Revenue beat(4)0
Avg Revenue beat(4)-1.81%
Min Revenue beat(4)-5.08%
Max Revenue beat(4)-0.5%
Revenue beat(8)2
Avg Revenue beat(8)-1.1%
Revenue beat(12)5
Avg Revenue beat(12)-0.42%
Revenue beat(16)8
Avg Revenue beat(16)0.19%
PT rev (1m)-4.3%
PT rev (3m)-9.51%
EPS NQ rev (1m)-2.64%
EPS NQ rev (3m)-10.43%
EPS NY rev (1m)-0.51%
EPS NY rev (3m)-3.77%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)-3.12%
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)-1.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.65 | ||
| Fwd PE | 12.01 | ||
| P/S | 1.46 | ||
| P/FCF | 18.28 | ||
| P/OCF | 8.17 | ||
| P/B | 1.41 | ||
| P/tB | 1.64 | ||
| EV/EBITDA | 8.09 |
EPS(TTM)5.84
EY6.83%
EPS(NY)7.12
Fwd EY8.33%
FCF(TTM)4.68
FCFY5.47%
OCF(TTM)10.47
OCFY12.24%
SpS58.68
BVpS60.72
TBVpS52.26
PEG (NY)0.91
PEG (5Y)1.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 8.94% | ||
| ROCE | 8.65% | ||
| ROIC | 6.7% | ||
| ROICexc | 6.79% | ||
| ROICexgc | 7.45% | ||
| OM | 14.27% | ||
| PM (TTM) | 9.25% | ||
| GM | 33.7% | ||
| FCFM | 7.97% |
ROA(3y)3.67%
ROA(5y)0.36%
ROE(3y)6.52%
ROE(5y)0.44%
ROIC(3y)4.97%
ROIC(5y)3.63%
ROICexc(3y)5.03%
ROICexc(5y)3.67%
ROICexgc(3y)5.57%
ROICexgc(5y)4.08%
ROCE(3y)6.42%
ROCE(5y)4.68%
ROICexcg growth 3Y77.3%
ROICexcg growth 5Y12.98%
ROICexc growth 3Y77.93%
ROICexc growth 5Y16.13%
OM growth 3Y59.45%
OM growth 5Y10.82%
PM growth 3YN/A
PM growth 5Y11.9%
GM growth 3Y7.28%
GM growth 5Y2.75%
F-Score7
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 4.28 | ||
| Debt/EBITDA | 1.54 | ||
| Cap/Depr | 127.96% | ||
| Cap/Sales | 9.87% | ||
| Interest Coverage | 10.22 | ||
| Cash Conversion | 81.16% | ||
| Profit Quality | 86.18% | ||
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.68 |
F-Score7
WACC7.89%
ROIC/WACC0.85
Cap/Depr(3y)139.51%
Cap/Depr(5y)106.36%
Cap/Sales(3y)9.89%
Cap/Sales(5y)8.17%
Profit Quality(3y)101.95%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.99%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%16.78%
EPS Next Y16.17%
EPS Next 2Y14.23%
EPS Next 3Y10.58%
EPS Next 5YN/A
Revenue 1Y (TTM)2.45%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%3.77%
Revenue Next Year2.24%
Revenue Next 2Y3%
Revenue Next 3Y5.43%
Revenue Next 5YN/A
EBIT growth 1Y14.34%
EBIT growth 3Y80.63%
EBIT growth 5Y13.97%
EBIT Next Year67.44%
EBIT Next 3Y22.66%
EBIT Next 5YN/A
FCF growth 1Y61.49%
FCF growth 3Y22.78%
FCF growth 5Y9.44%
OCF growth 1Y37.04%
OCF growth 3Y32.99%
OCF growth 5Y8.13%