KIRBY CORP (KEX) Stock Fundamental Analysis
USA - NYSE:KEX - US4972661064 - Common Stock
84.12 USD
+0.69 (+0.83%)
84.12 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 only an average score on both its financial health and profitability. KEX has a correct valuation and a medium growth rate.
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
KEX has a Return On Assets of 4.98%. This is in the better half of the industry: KEX outperforms 68.57% of its industry peers.
KEX has a better Return On Equity (8.94%) than 65.71% 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 71.43% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KEX is below the industry average of 7.39%.
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
Looking at the Profit Margin, with a value of 9.25%, KEX is in line with its industry, outperforming 51.43% of the companies in the same 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.
In the last couple of years the Operating Margin of KEX has grown nicely.
With a Gross Margin value of 33.70%, KEX is not doing good in the industry: 65.71% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of KEX has grown nicely.
| 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.
KEX has less shares outstanding than it did 1 year ago.
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
KEX has an Altman-Z score of 2.65. 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.
The Altman-Z score of KEX (2.65) is better than 82.86% of its industry peers.
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.
KEX has a Debt to FCF ratio of 4.28. This is in the better half of the industry: KEX outperforms 71.43% 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 68.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 4.28 | ||
| Altman-Z | 2.65 |
ROIC/WACC0.84
WACC8%
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 62.86% of its industry peers.
KEX has a Quick Ratio of 1.12. This is a normal value and indicates that KEX is financially healthy and should not expect problems in meeting its short term obligations.
KEX's Quick ratio of 1.12 is on the low side compared to the rest of the industry. KEX is outperformed by 60.00% of its industry peers.
| 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.
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.
Looking at the last year, KEX shows a small growth in Revenue. The Revenue has grown by 2.45% in the last year.
Measured over the past years, KEX shows a small growth in Revenue. The Revenue has been growing by 2.85% on average per year.
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
KEX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.58% yearly.
KEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.27% yearly.
EPS Next Y16.77%
EPS Next 2Y15.07%
EPS Next 3Y10.58%
EPS Next 5YN/A
Revenue Next Year2.42%
Revenue Next 2Y3.37%
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.
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 14.40, which indicates a correct valuation of KEX.
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 27.06.
Based on the Price/Forward Earnings ratio of 11.64, the valuation of KEX can be described as reasonable.
KEX's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.64, KEX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 11.64 |
4.2 Price Multiples
KEX's Enterprise Value to EBITDA is on the same level as the industry average.
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 | 17.97 | ||
| EV/EBITDA | 7.92 |
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.
KEX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.86
PEG (5Y)1.07
EPS Next 2Y15.07%
EPS Next 3Y10.58%
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
84.12
+0.69 (+0.83%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners101.64%
Inst Owner Change1.8%
Ins Owners0.73%
Ins Owner Change1.6%
Market Cap4.69B
Analysts88
Price Target125.05 (48.66%)
Short Float %4.85%
Short Ratio3.27
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)-2.31%
PT rev (3m)-4.22%
EPS NQ rev (1m)-2.01%
EPS NQ rev (3m)-8%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.21%
Revenue NQ rev (1m)-0.9%
Revenue NQ rev (3m)-2.89%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 11.64 | ||
| P/S | 1.43 | ||
| P/FCF | 17.97 | ||
| P/OCF | 8.03 | ||
| P/B | 1.39 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | 7.92 |
EPS(TTM)5.84
EY6.94%
EPS(NY)7.23
Fwd EY8.59%
FCF(TTM)4.68
FCFY5.56%
OCF(TTM)10.47
OCFY12.45%
SpS58.68
BVpS60.72
TBVpS52.26
PEG (NY)0.86
PEG (5Y)1.07
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 | 2.65 |
F-Score7
WACC8%
ROIC/WACC0.84
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 Y16.77%
EPS Next 2Y15.07%
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 Year2.42%
Revenue Next 2Y3.37%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
EBIT growth 1Y14.34%
EBIT growth 3Y80.63%
EBIT growth 5Y13.97%
EBIT Next Year67.14%
EBIT Next 3Y22.83%
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%