KIRBY CORP (KEX) Stock Fundamental Analysis
NYSE:KEX - New York Stock Exchange, Inc. - US4972661064 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to KEX. KEX was compared to 36 industry peers in the Marine Transportation industry. KEX has only an average score on both its financial health and profitability. KEX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year KEX was profitable.
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 has a Return On Assets of 4.86%. This is comparable to the rest of the industry: KEX outperforms 58.33% of its industry peers.
KEX's Return On Equity of 8.80% is fine compared to the rest of the industry. KEX outperforms 61.11% of its industry peers.
The Return On Invested Capital of KEX (6.66%) is better than 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KEX is below the industry average of 9.53%.
The 3 year average ROIC (4.97%) for KEX is below the current ROIC(6.66%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 8.8% | ||
| ROIC | 6.66% |
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
KEX's Profit Margin of 9.02% is in line compared to the rest of the industry. KEX outperforms 41.67% of its industry peers.
In the last couple of years the Profit Margin of KEX has grown nicely.
Looking at the Operating Margin, with a value of 14.10%, KEX is in line with its industry, outperforming 41.67% of the companies in the same industry.
In the last couple of years the Operating Margin of KEX has grown nicely.
KEX has a Gross Margin of 33.34%. This is in the lower half of the industry: KEX underperforms 66.67% of its industry peers.
In the last couple of years the Gross Margin of KEX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.1% | ||
| PM (TTM) | 9.02% | ||
| GM | 33.34% |
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
The number of shares outstanding for KEX has been reduced compared to 5 years ago.
KEX has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.84 indicates that KEX is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of KEX (2.84) is better than 86.11% of its industry peers.
The Debt to FCF ratio of KEX is 3.33, which is a good value as it means it would take KEX, 3.33 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of KEX (3.33) is better than 77.78% 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 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 3.33 | ||
| Altman-Z | 2.84 |
ROIC/WACC0.82
WACC8.16%
2.3 Liquidity
KEX has a Current Ratio of 1.58. This is a normal value and indicates that KEX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.58, KEX perfoms like the industry average, outperforming 52.78% of the companies in the same industry.
A Quick Ratio of 0.96 indicates that KEX may have some problems paying its short term obligations.
KEX has a worse Quick ratio (0.96) than 61.11% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.99% over the past year.
Measured over the past years, KEX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.41% on average per year.
KEX shows a small growth in Revenue. In the last year, the Revenue has grown by 2.45%.
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
Based on estimates for the next years, KEX will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.58% on average per year.
KEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.27% yearly.
EPS Next Y20.72%
EPS Next 2Y18.88%
EPS Next 3Y10.58%
EPS Next 5YN/A
Revenue Next Year3.58%
Revenue Next 2Y4.49%
Revenue Next 3Y6.27%
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.
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
With a Price/Earnings ratio of 17.06, KEX is valued on the expensive side.
The rest of the industry has a similar Price/Earnings ratio as KEX.
KEX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.54.
Based on the Price/Forward Earnings ratio of 12.91, the valuation of KEX can be described as correct.
KEX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 35.28. KEX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.06 | ||
| Fwd PE | 12.91 |
4.2 Price Multiples
KEX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. KEX is more expensive than 66.67% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as KEX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.96 | ||
| EV/EBITDA | 9.48 |
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.
KEX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.82
PEG (5Y)1.27
EPS Next 2Y18.88%
EPS Next 3Y10.58%
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
99.62
-0.67 (-0.67%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners101.2%
Inst Owner Change-0.05%
Ins Owners0.73%
Ins Owner Change1.1%
Market Cap5.59B
Analysts88
Price Target128.01 (28.5%)
Short Float %4.08%
Short Ratio4.46
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)0.87%
Min EPS beat(2)-0.86%
Max EPS beat(2)2.61%
EPS beat(4)3
Avg EPS beat(4)3.35%
Min EPS beat(4)-0.86%
Max EPS beat(4)7.26%
EPS beat(8)6
Avg EPS beat(8)5.65%
EPS beat(12)9
Avg EPS beat(12)4.92%
EPS beat(16)12
Avg EPS beat(16)3.7%
Revenue beat(2)0
Avg Revenue beat(2)-3.12%
Min Revenue beat(2)-5.08%
Max Revenue beat(2)-1.16%
Revenue beat(4)0
Avg Revenue beat(4)-1.86%
Min Revenue beat(4)-5.08%
Max Revenue beat(4)-0.5%
Revenue beat(8)2
Avg Revenue beat(8)-1.2%
Revenue beat(12)6
Avg Revenue beat(12)-0.14%
Revenue beat(16)9
Avg Revenue beat(16)0.51%
PT rev (1m)1.3%
PT rev (3m)-1.66%
EPS NQ rev (1m)0.49%
EPS NQ rev (3m)-3.46%
EPS NY rev (1m)0.06%
EPS NY rev (3m)0.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.06 | ||
| Fwd PE | 12.91 | ||
| P/S | 1.72 | ||
| P/FCF | 16.96 | ||
| P/OCF | 8.34 | ||
| P/B | 1.68 | ||
| P/tB | 1.96 | ||
| EV/EBITDA | 9.48 |
EPS(TTM)5.84
EY5.86%
EPS(NY)7.72
Fwd EY7.75%
FCF(TTM)5.87
FCFY5.89%
OCF(TTM)11.94
OCFY11.98%
SpS57.82
BVpS59.29
TBVpS50.89
PEG (NY)0.82
PEG (5Y)1.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 8.8% | ||
| ROCE | 8.6% | ||
| ROIC | 6.66% | ||
| ROICexc | 6.72% | ||
| ROICexgc | 7.39% | ||
| OM | 14.1% | ||
| PM (TTM) | 9.02% | ||
| GM | 33.34% | ||
| FCFM | 10.16% |
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 | 3.33 | ||
| Debt/EBITDA | 1.55 | ||
| Cap/Depr | 138.1% | ||
| Cap/Sales | 10.49% | ||
| Interest Coverage | 10.1 | ||
| Cash Conversion | 95.18% | ||
| Profit Quality | 112.6% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 2.84 |
F-Score7
WACC8.16%
ROIC/WACC0.82
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 Y20.72%
EPS Next 2Y18.88%
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 Year3.58%
Revenue Next 2Y4.49%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
EBIT growth 1Y21.73%
EBIT growth 3Y80.63%
EBIT growth 5Y13.97%
EBIT Next Year67.14%
EBIT Next 3Y22.83%
EBIT Next 5YN/A
FCF growth 1Y386.63%
FCF growth 3Y22.78%
FCF growth 5Y9.44%
OCF growth 1Y140.57%
OCF growth 3Y32.99%
OCF growth 5Y8.13%