KIRBY CORP (KEX)
US4972661064 - Common Stock
We assign a fundamental rating of 4 out of 10 to KEX. KEX was compared to 29 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
In the past year KEX was profitable.
KEX had a positive operating cash flow in the past year.
In multiple years KEX reported negative net income over the last 5 years.
KEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 3.90%, KEX perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.00%, KEX is in line with its industry, outperforming 44.83% of the companies in the same industry.
With a Return On Invested Capital value of 4.96%, KEX perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KEX is below the industry average of 7.27%.
The last Return On Invested Capital (4.96%) for KEX is above the 3 year average (3.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.9% | ||
| ROE | 7% | ||
| ROIC | 4.96% |
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
KEX has a worse Profit Margin (7.21%) than 62.07% of its industry peers.
In the last couple of years the Profit Margin of KEX has grown nicely.
KEX's Operating Margin of 10.78% is on the low side compared to the rest of the industry. KEX is outperformed by 65.52% of its industry peers.
KEX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 29.48%, KEX is doing worse than 75.86% of the companies in the same industry.
KEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.78% | ||
| PM (TTM) | 7.21% | ||
| GM | 29.48% |
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
KEX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 3.04. This indicates that KEX is financially healthy and has little risk of bankruptcy at the moment.
KEX has a Altman-Z score of 3.04. This is amongst the best in the industry. KEX outperforms 89.66% of its industry peers.
KEX has a debt to FCF ratio of 7.34. This is a slightly negative value and a sign of low solvency as KEX would need 7.34 years to pay back of all of its debts.
KEX has a Debt to FCF ratio of 7.34. This is in the better half of the industry: KEX outperforms 68.97% of its industry peers.
KEX has a Debt/Equity ratio of 0.32. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.32, 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 | 0.32 | ||
| Debt/FCF | 7.34 | ||
| Altman-Z | 3.04 |
ROIC/WACC0.58
WACC8.54%
2.3 Liquidity
A Current Ratio of 1.68 indicates that KEX should not have too much problems paying its short term obligations.
KEX has a Current ratio (1.68) which is comparable to the rest of the industry.
KEX has a Quick Ratio of 1.01. This is a normal value and indicates that KEX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.01, KEX is doing worse than 65.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
KEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 83.25%, which is quite impressive.
Measured over the past 5 years, KEX shows a small growth in Earnings Per Share. The EPS has been growing by 5.11% on average per year.
KEX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.02%.
KEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.80% yearly.
EPS 1Y (TTM)83.25%
EPS 3Y26.45%
EPS 5Y5.11%
EPS growth Q2Q67.74%
Revenue 1Y (TTM)11.02%
Revenue growth 3Y12.5%
Revenue growth 5Y0.8%
Revenue growth Q2Q9.45%
3.2 Future
KEX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.99% yearly.
KEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.03% yearly.
EPS Next Y33.99%
EPS Next 2Y29.22%
EPS Next 3Y23.99%
EPS Next 5YN/A
Revenue Next Year5.55%
Revenue Next 2Y5.03%
Revenue Next 3YN/A
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.
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
The Price/Earnings ratio is 30.11, which means the current valuation is very expensive for 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 65.52% of the companies listed in the same industry.
KEX is valuated rather expensively when we compare the Price/Earnings ratio to 24.92, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 22.47, the valuation of KEX can be described as rather expensive.
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 68.97% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.49, KEX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.11 | ||
| Fwd PE | 22.47 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KEX is valued a bit more expensive than 72.41% 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 | 47.28 | ||
| EV/EBITDA | 13.86 |
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 23.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.89
PEG (5Y)5.9
EPS Next 2Y29.22%
EPS Next 3Y23.99%
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
KIRBY CORP
NYSE:KEX (4/26/2024, 7:04:00 PM)
After market: 112 0 (0%)112
-0.16 (-0.14%)
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 Cap6.55B
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 30.11 | ||
| Fwd PE | 22.47 | ||
| 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)0.89
PEG (5Y)5.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.9% | ||
| ROE | 7% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 10.78% | ||
| PM (TTM) | 7.21% | ||
| GM | 29.48% | ||
| 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 Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.68 | ||
| Quick Ratio | 1.01 | ||
| 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)
Growth
EPS 1Y (TTM)83.25%
EPS 3Y26.45%
EPS 5Y
EPS growth Q2Q
EPS Next Y33.99%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)11.02%
Revenue growth 3Y12.5%
Revenue growth 5Y
Revenue growth 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