KIRBY CORP (KEX) Stock Fundamental Analysis
NYSE:KEX - New York Stock Exchange, Inc. - US4972661064 - Common Stock - Currency: USD
Overall KEX gets a fundamental rating of 5 out of 10. We evaluated KEX against 32 industry peers in the Marine Transportation industry. Both the profitability and the financial health of KEX get a neutral evaluation. Nothing too spectacular is happening here. 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.
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.
KEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of KEX (4.86%) is comparable to the rest of the industry.
The Return On Equity of KEX (8.80%) is better than 62.50% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.66%, KEX is in the better half of the industry, outperforming 65.63% of the companies in the same industry.
KEX had an Average Return On Invested Capital over the past 3 years of 4.97%. This is below the industry average of 7.64%.
The last Return On Invested Capital (6.66%) for KEX is above the 3 year average (4.97%), which is a sign of increasing profitability.
| 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
With a Profit Margin value of 9.02%, KEX perfoms like the industry average, outperforming 40.63% of the companies in the same industry.
In the last couple of years the Profit Margin of KEX has grown nicely.
KEX has a Operating Margin (14.10%) which is in line with its industry peers.
KEX's Operating Margin has improved in the last couple of years.
The Gross Margin of KEX (33.34%) is worse than 75.00% of its industry peers.
KEX's Gross Margin has improved in the last couple of years.
| 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
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
KEX has a better debt/assets ratio than last year.
2.2 Solvency
KEX has an Altman-Z score of 2.99. This indicates that KEX is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 2.99, KEX belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
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 81.25% of its industry peers.
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 71.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 3.33 | ||
| Altman-Z | 2.99 |
ROIC/WACC0.8
WACC8.37%
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.
KEX has a Current ratio (1.58) which is in line with its industry peers.
KEX has a Quick Ratio of 1.58. This is a bad value and indicates that KEX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.96, KEX is not doing good in the industry: 65.63% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
KEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.39%, which is quite impressive.
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 2.99% in the past year.
The Revenue has been growing slightly by 2.85% on average over the past years.
EPS 1Y (TTM)32.39%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%11.76%
Revenue 1Y (TTM)2.99%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%-2.77%
3.2 Future
KEX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.19% yearly.
Based on estimates for the next years, KEX will show a small growth in Revenue. The Revenue will grow by 6.27% on average per year.
EPS Next Y21.32%
EPS Next 2Y19.99%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue Next Year3.58%
Revenue Next 2Y4.49%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 20.03 indicates a rather expensive valuation of KEX.
Compared to the rest of the industry, the Price/Earnings ratio of KEX indicates a slightly more expensive valuation: KEX is more expensive than 62.50% of the companies listed in the same industry.
KEX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.34.
KEX is valuated correctly with a Price/Forward Earnings ratio of 14.27.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KEX indicates a slightly more expensive valuation: KEX is more expensive than 62.50% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, KEX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.03 | ||
| Fwd PE | 14.27 |
4.2 Price Multiples
78.13% of the companies in the same industry are cheaper than KEX, based on the Enterprise Value to EBITDA ratio.
KEX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.1 | ||
| EV/EBITDA | 10.49 |
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.
The decent profitability rating of KEX may justify a higher PE ratio.
KEX's earnings are expected to grow with 16.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.94
PEG (5Y)1.49
EPS Next 2Y19.99%
EPS Next 3Y16.19%
5. Dividend
5.1 Amount
KEX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
112.19
-0.68 (-0.6%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners101.2%
Inst Owner Change1.36%
Ins Owners0.73%
Ins Owner Change5.87%
Market Cap6.29B
Analysts88
Price Target130.56 (16.37%)
Short Float %3.92%
Short Ratio4.03
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)0.22%
PT rev (3m)-5.49%
EPS NQ rev (1m)-1.24%
EPS NQ rev (3m)-4.02%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.38%
Revenue NQ rev (1m)-0.71%
Revenue NQ rev (3m)-2.14%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-1.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.03 | ||
| Fwd PE | 14.27 | ||
| P/S | 1.94 | ||
| P/FCF | 19.1 | ||
| P/OCF | 9.4 | ||
| P/B | 1.89 | ||
| P/tB | 2.2 | ||
| EV/EBITDA | 10.49 |
EPS(TTM)5.6
EY4.99%
EPS(NY)7.86
Fwd EY7.01%
FCF(TTM)5.87
FCFY5.23%
OCF(TTM)11.94
OCFY10.64%
SpS57.82
BVpS59.29
TBVpS50.89
PEG (NY)0.94
PEG (5Y)1.49
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 | 2.99 |
F-Score7
WACC8.37%
ROIC/WACC0.8
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)32.39%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%11.76%
EPS Next Y21.32%
EPS Next 2Y19.99%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue 1Y (TTM)2.99%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%-2.77%
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 Year70.85%
EBIT Next 3Y22.6%
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%