STAR BULK CARRIERS CORP (SBLK) Stock Fundamental Analysis
NASDAQ:SBLK - Nasdaq - MHY8162K2046 - Common Stock - Currency: USD
Taking everything into account, SBLK scores 6 out of 10 in our fundamental rating. SBLK was compared to 32 industry peers in the Marine Transportation industry. SBLK has only an average score on both its financial health and profitability. SBLK is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SBLK was profitable.
SBLK had a positive operating cash flow in the past year.
SBLK had positive earnings in each of the past 5 years.
Each year in the past 5 years SBLK had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 7.46%, SBLK is doing good in the industry, outperforming 71.88% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.28%, SBLK is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
With a decent Return On Invested Capital value of 7.54%, SBLK is doing good in the industry, outperforming 68.75% of the companies in the same industry.
SBLK had an Average Return On Invested Capital over the past 3 years of 10.09%. This is in line with the industry average of 8.13%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.46% | ||
| ROE | 12.28% | ||
| ROIC | 7.54% |
ROA(3y)9.89%
ROA(5y)9.62%
ROE(3y)16.92%
ROE(5y)16.82%
ROIC(3y)10.09%
ROIC(5y)9.77%
1.3 Margins
With a decent Profit Margin value of 24.07%, SBLK is doing good in the industry, outperforming 65.63% of the companies in the same industry.
In the last couple of years the Profit Margin of SBLK has declined.
The Operating Margin of SBLK (27.80%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SBLK has grown nicely.
With a Gross Margin value of 52.27%, SBLK perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of SBLK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.8% | ||
| PM (TTM) | 24.07% | ||
| GM | 52.27% |
OM growth 3Y-18.56%
OM growth 5Y23.9%
PM growth 3Y-20.37%
PM growth 5YN/A
GM growth 3Y-7.71%
GM growth 5Y2.37%
2. Health
2.1 Basic Checks
SBLK has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SBLK has been increased compared to 1 year ago.
SBLK has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SBLK has an improved debt to assets ratio.
2.2 Solvency
SBLK has an Altman-Z score of 1.18. This is a bad value and indicates that SBLK is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.18, SBLK is in line with its industry, outperforming 59.38% of the companies in the same industry.
The Debt to FCF ratio of SBLK is 3.06, which is a good value as it means it would take SBLK, 3.06 years of fcf income to pay off all of its debts.
SBLK has a better Debt to FCF ratio (3.06) than 75.00% of its industry peers.
SBLK has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.42, SBLK is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 3.06 | ||
| Altman-Z | 1.18 |
ROIC/WACC0.9
WACC8.4%
2.3 Liquidity
SBLK has a Current Ratio of 1.65. This is a normal value and indicates that SBLK is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.65, SBLK is in the better half of the industry, outperforming 71.88% of the companies in the same industry.
A Quick Ratio of 1.45 indicates that SBLK should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.45, SBLK is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.45 |
3. Growth
3.1 Past
The earnings per share for SBLK have decreased strongly by -26.97% in the last year.
The Earnings Per Share has been growing by 59.69% on average over the past years. This is a very strong growth
Looking at the last year, SBLK shows a very strong growth in Revenue. The Revenue has grown by 33.31%.
The Revenue has been growing by 9.03% on average over the past years. This is quite good.
EPS 1Y (TTM)-26.97%
EPS 3Y-26.39%
EPS 5Y59.69%
EPS Q2Q%-108.05%
Revenue 1Y (TTM)33.31%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%-11.08%
3.2 Future
SBLK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.91% yearly.
SBLK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.29% yearly.
EPS Next Y-29.51%
EPS Next 2Y9.12%
EPS Next 3Y16.91%
EPS Next 5YN/A
Revenue Next Year-0.67%
Revenue Next 2Y8%
Revenue Next 3Y5.29%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 9.10, which indicates a very decent valuation of SBLK.
SBLK's Price/Earnings is on the same level as the industry average.
SBLK is valuated cheaply when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
SBLK is valuated cheaply with a Price/Forward Earnings ratio of 4.98.
71.88% of the companies in the same industry are more expensive than SBLK, based on the Price/Forward Earnings ratio.
SBLK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.1 | ||
| Fwd PE | 4.98 |
4.2 Price Multiples
SBLK'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 SBLK indicates a somewhat cheap valuation: SBLK is cheaper than 68.75% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.51 | ||
| EV/EBITDA | 5.18 |
4.3 Compensation for Growth
The decent profitability rating of SBLK may justify a higher PE ratio.
SBLK's earnings are expected to grow with 16.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.15
EPS Next 2Y9.12%
EPS Next 3Y16.91%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.87%, SBLK is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 9.24, SBLK pays a better dividend. On top of this SBLK pays more dividend than 84.38% of the companies listed in the same industry.
SBLK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.87% |
5.2 History
The dividend of SBLK is nicely growing with an annual growth rate of 121.96%!
SBLK has been paying a dividend for at least 10 years, so it has a reliable track record.
SBLK has decreased its dividend recently.
Dividend Growth(5Y)121.96%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
SBLK pays out 90.93% of its income as dividend. This is not a sustainable payout ratio.
The dividend of SBLK is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP90.93%
EPS Next 2Y9.12%
EPS Next 3Y16.91%
16.02
-0.46 (-2.79%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners35.1%
Inst Owner Change-5.86%
Ins Owners3.43%
Ins Owner ChangeN/A
Market Cap1.88B
Analysts81.43
Price Target21.23 (32.52%)
Short Float %4.36%
Short Ratio2.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.87% |
Yearly Dividend2.75
Dividend Growth(5Y)121.96%
DP90.93%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-24.97%
Min EPS beat(2)-28.83%
Max EPS beat(2)-21.1%
EPS beat(4)1
Avg EPS beat(4)-13.01%
Min EPS beat(4)-28.83%
Max EPS beat(4)5.3%
EPS beat(8)3
Avg EPS beat(8)-4.1%
EPS beat(12)6
Avg EPS beat(12)-0.81%
EPS beat(16)8
Avg EPS beat(16)-0.86%
Revenue beat(2)2
Avg Revenue beat(2)24.12%
Min Revenue beat(2)17.15%
Max Revenue beat(2)31.1%
Revenue beat(4)4
Avg Revenue beat(4)23.77%
Min Revenue beat(4)17.15%
Max Revenue beat(4)31.1%
Revenue beat(8)6
Avg Revenue beat(8)13.78%
Revenue beat(12)10
Avg Revenue beat(12)17.4%
Revenue beat(16)14
Avg Revenue beat(16)16.26%
PT rev (1m)-2.21%
PT rev (3m)-16.22%
EPS NQ rev (1m)-3.64%
EPS NQ rev (3m)-670%
EPS NY rev (1m)-5.66%
EPS NY rev (3m)-30.84%
Revenue NQ rev (1m)-0.58%
Revenue NQ rev (3m)-18.04%
Revenue NY rev (1m)-0.76%
Revenue NY rev (3m)-11.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.1 | ||
| Fwd PE | 4.98 | ||
| P/S | 1.48 | ||
| P/FCF | 4.51 | ||
| P/OCF | 3.98 | ||
| P/B | 0.76 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | 5.18 |
EPS(TTM)1.76
EY10.99%
EPS(NY)3.21
Fwd EY20.07%
FCF(TTM)3.55
FCFY22.17%
OCF(TTM)4.02
OCFY25.11%
SpS10.8
BVpS21.19
TBVpS21.19
PEG (NY)N/A
PEG (5Y)0.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.46% | ||
| ROE | 12.28% | ||
| ROCE | 9.54% | ||
| ROIC | 7.54% | ||
| ROICexc | 8.55% | ||
| ROICexgc | 8.55% | ||
| OM | 27.8% | ||
| PM (TTM) | 24.07% | ||
| GM | 52.27% | ||
| FCFM | 32.88% |
ROA(3y)9.89%
ROA(5y)9.62%
ROE(3y)16.92%
ROE(5y)16.82%
ROIC(3y)10.09%
ROIC(5y)9.77%
ROICexc(3y)11.17%
ROICexc(5y)10.95%
ROICexgc(3y)11.17%
ROICexgc(5y)10.95%
ROCE(3y)12.78%
ROCE(5y)12.37%
ROICexcg growth 3Y-23.71%
ROICexcg growth 5Y31.21%
ROICexc growth 3Y-23.71%
ROICexc growth 5Y31.21%
OM growth 3Y-18.56%
OM growth 5Y23.9%
PM growth 3Y-20.37%
PM growth 5YN/A
GM growth 3Y-7.71%
GM growth 5Y2.37%
F-Score8
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 3.06 | ||
| Debt/EBITDA | 1.96 | ||
| Cap/Depr | 30.2% | ||
| Cap/Sales | 4.35% | ||
| Interest Coverage | 4.02 | ||
| Cash Conversion | 88.19% | ||
| Profit Quality | 136.57% | ||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.45 | ||
| Altman-Z | 1.18 |
F-Score8
WACC8.4%
ROIC/WACC0.9
Cap/Depr(3y)19.54%
Cap/Depr(5y)38.91%
Cap/Sales(3y)2.68%
Cap/Sales(5y)5.51%
Profit Quality(3y)150.38%
Profit Quality(5y)312.04%
High Growth Momentum
Growth
EPS 1Y (TTM)-26.97%
EPS 3Y-26.39%
EPS 5Y59.69%
EPS Q2Q%-108.05%
EPS Next Y-29.51%
EPS Next 2Y9.12%
EPS Next 3Y16.91%
EPS Next 5YN/A
Revenue 1Y (TTM)33.31%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%-11.08%
Revenue Next Year-0.67%
Revenue Next 2Y8%
Revenue Next 3Y5.29%
Revenue Next 5YN/A
EBIT growth 1Y48.09%
EBIT growth 3Y-21.76%
EBIT growth 5Y35.09%
EBIT Next Year23.47%
EBIT Next 3Y30.86%
EBIT Next 5YN/A
FCF growth 1Y30.97%
FCF growth 3Y-13.24%
FCF growth 5YN/A
OCF growth 1Y40.32%
OCF growth 3Y-15%
OCF growth 5Y39.72%