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 32 industry peers in the Marine Transportation industry. KEX has an average financial health and profitability rating. While showing a medium growth rate, KEX is valued expensive at the moment.
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.
KEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.90%, KEX is in line with its industry, outperforming 53.13% of the companies in the same industry.
KEX has a Return On Equity of 8.55%. This is comparable to the rest of the industry: KEX outperforms 46.88% of its industry peers.
The Return On Invested Capital of KEX (6.86%) is better than 62.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KEX is below the industry average of 8.12%.
The last Return On Invested Capital (6.86%) for KEX is above the 3 year average (4.97%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 8.55% | ||
| ROIC | 6.86% |
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 8.78%, 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's Operating Margin of 13.88% is on the low side compared to the rest of the industry. KEX is outperformed by 62.50% of its industry peers.
In the last couple of years the Operating Margin of KEX has grown nicely.
The Gross Margin of KEX (32.63%) 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 | 13.88% | ||
| PM (TTM) | 8.78% | ||
| GM | 32.63% |
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.
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 3.06. 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 3.06, KEX belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
The Debt to FCF ratio of KEX is 2.11, which is a good value as it means it would take KEX, 2.11 years of fcf income to pay off all of its debts.
KEX has a better Debt to FCF ratio (2.11) than 81.25% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that KEX is not too dependend on debt financing.
KEX has a better Debt to Equity ratio (0.26) than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.11 | ||
| Altman-Z | 3.06 |
ROIC/WACC0.81
WACC8.46%
2.3 Liquidity
KEX has a Current Ratio of 1.45. 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 (1.45) which is comparable to the rest of the industry.
KEX has a Quick Ratio of 1.45. This is a bad value and indicates that KEX is not financially healthy enough and could expect problems in meeting its short term obligations.
KEX has a worse Quick ratio (0.92) than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 32.39% over the past year.
KEX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.41% yearly.
KEX shows a small growth in Revenue. In the last year, the Revenue has grown by 5.64%.
KEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.85% yearly.
EPS 1Y (TTM)32.39%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%11.76%
Revenue 1Y (TTM)5.64%
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.
KEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.60% yearly.
EPS Next Y21.32%
EPS Next 2Y19.99%
EPS Next 3Y16.19%
EPS Next 5YN/A
Revenue Next Year3.61%
Revenue Next 2Y4.95%
Revenue Next 3Y6.6%
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
With a Price/Earnings ratio of 19.18, KEX is valued on the expensive side.
Based on the Price/Earnings ratio, KEX is valued a bit more expensive than 62.50% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.82. KEX is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 13.66, which indicates a correct valuation of KEX.
The rest of the industry has a similar Price/Forward Earnings ratio as KEX.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, KEX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.18 | ||
| Fwd PE | 13.66 |
4.2 Price Multiples
68.75% of the companies in the same industry are cheaper than KEX, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KEX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.77 | ||
| EV/EBITDA | 9.95 |
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's earnings are expected to grow with 16.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.9
PEG (5Y)1.43
EPS Next 2Y19.99%
EPS Next 3Y16.19%
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
107.39
+0.2 (+0.19%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners99.14%
Inst Owner Change1.17%
Ins Owners0.72%
Ins Owner Change0.9%
Market Cap6.11B
Analysts89.09
Price Target130.27 (21.31%)
Short Float %2.05%
Short Ratio2.01
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)1.77%
Min EPS beat(2)-0.86%
Max EPS beat(2)4.4%
EPS beat(4)3
Avg EPS beat(4)7.63%
Min EPS beat(4)-0.86%
Max EPS beat(4)19.74%
EPS beat(8)6
Avg EPS beat(8)5.93%
EPS beat(12)9
Avg EPS beat(12)5.19%
EPS beat(16)11
Avg EPS beat(16)-1.13%
Revenue beat(2)0
Avg Revenue beat(2)-0.83%
Min Revenue beat(2)-1.16%
Max Revenue beat(2)-0.5%
Revenue beat(4)1
Avg Revenue beat(4)-0.1%
Min Revenue beat(4)-1.16%
Max Revenue beat(4)1.97%
Revenue beat(8)3
Avg Revenue beat(8)-0.23%
Revenue beat(12)7
Avg Revenue beat(12)0.56%
Revenue beat(16)10
Avg Revenue beat(16)1.04%
PT rev (1m)-4.69%
PT rev (3m)-6.97%
EPS NQ rev (1m)-0.65%
EPS NQ rev (3m)-1.79%
EPS NY rev (1m)0.64%
EPS NY rev (3m)-0.38%
Revenue NQ rev (1m)-0.36%
Revenue NQ rev (3m)-0.56%
Revenue NY rev (1m)-1.3%
Revenue NY rev (3m)-1.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.18 | ||
| Fwd PE | 13.66 | ||
| P/S | 1.87 | ||
| P/FCF | 14.77 | ||
| P/OCF | 8.08 | ||
| P/B | 1.82 | ||
| P/tB | 2.12 | ||
| EV/EBITDA | 9.95 |
EPS(TTM)5.6
EY5.21%
EPS(NY)7.86
Fwd EY7.32%
FCF(TTM)7.27
FCFY6.77%
OCF(TTM)13.3
OCFY12.38%
SpS57.4
BVpS58.91
TBVpS50.59
PEG (NY)0.9
PEG (5Y)1.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 8.55% | ||
| ROCE | 8.86% | ||
| ROIC | 6.86% | ||
| ROICexc | 6.96% | ||
| ROICexgc | 7.68% | ||
| OM | 13.88% | ||
| PM (TTM) | 8.78% | ||
| GM | 32.63% | ||
| FCFM | 12.67% |
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-Score8
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.11 | ||
| Debt/EBITDA | 1.25 | ||
| Cap/Depr | 142.58% | ||
| Cap/Sales | 10.49% | ||
| Interest Coverage | 9.24 | ||
| Cash Conversion | 109.08% | ||
| Profit Quality | 144.36% | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | 3.06 |
F-Score8
WACC8.46%
ROIC/WACC0.81
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)5.64%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%-2.77%
Revenue Next Year3.61%
Revenue Next 2Y4.95%
Revenue Next 3Y6.6%
Revenue Next 5YN/A
EBIT growth 1Y35.91%
EBIT growth 3Y80.63%
EBIT growth 5Y13.97%
EBIT Next Year70.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y198.8%
FCF growth 3Y22.78%
FCF growth 5Y9.44%
OCF growth 1Y40.03%
OCF growth 3Y32.99%
OCF growth 5Y8.13%