STAR BULK CARRIERS CORP (SBLK) Stock Fundamental Analysis
USA - NASDAQ:SBLK - MHY8162K2046 - Common Stock
18.41 USD
-0.11 (-0.59%)
18.67 USD
+0.26 (+1.41%)
Taking everything into account, SBLK scores 5 out of 10 in our fundamental rating. SBLK was compared to 35 industry peers in the Marine Transportation industry. Both the profitability and the financial health of SBLK get a neutral evaluation. Nothing too spectacular is happening here. SBLK has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SBLK was profitable.
In the past year SBLK had a positive cash flow from operations.
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
SBLK has a Return On Assets (3.19%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 5.17%, SBLK is in line with its industry, outperforming 54.29% of the companies in the same industry.
SBLK has a Return On Invested Capital of 4.09%. This is comparable to the rest of the industry: SBLK outperforms 51.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SBLK is significantly below the industry average of 18.85%.
The last Return On Invested Capital (4.09%) for SBLK is well below the 3 year average (10.09%), which needs to be investigated, but indicates that SBLK had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.19% | ||
| ROE | 5.17% | ||
| ROIC | 4.09% |
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
SBLK has a Profit Margin of 10.98%. This is comparable to the rest of the industry: SBLK outperforms 54.29% of its industry peers.
In the last couple of years the Profit Margin of SBLK has declined.
SBLK has a Operating Margin (16.03%) which is comparable to the rest of the industry.
SBLK's Operating Margin has improved in the last couple of years.
SBLK has a Gross Margin (45.26%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of SBLK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.03% | ||
| PM (TTM) | 10.98% | ||
| GM | 45.26% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SBLK is still creating some value.
The number of shares outstanding for SBLK has been increased compared to 1 year ago.
The number of shares outstanding for SBLK has been increased compared to 5 years ago.
SBLK has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.14, we must say that SBLK is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SBLK (1.14) is comparable to the rest of the industry.
The Debt to FCF ratio of SBLK is 4.20, which is a neutral value as it means it would take SBLK, 4.20 years of fcf income to pay off all of its debts.
SBLK has a Debt to FCF ratio of 4.20. This is in the better half of the industry: SBLK outperforms 68.57% of its industry peers.
A Debt/Equity ratio of 0.40 indicates that SBLK is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.40, SBLK is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 4.2 | ||
| Altman-Z | 1.14 |
ROIC/WACC0.46
WACC8.88%
2.3 Liquidity
SBLK has a Current Ratio of 1.61. This is a normal value and indicates that SBLK is financially healthy and should not expect problems in meeting its short term obligations.
SBLK has a Current ratio of 1.61. This is comparable to the rest of the industry: SBLK outperforms 48.57% of its industry peers.
A Quick Ratio of 1.42 indicates that SBLK should not have too much problems paying its short term obligations.
SBLK has a Quick ratio (1.42) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.42 |
3. Growth
3.1 Past
SBLK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -59.93%.
Measured over the past years, SBLK shows a very strong growth in Earnings Per Share. The EPS has been growing by 59.69% on average per year.
SBLK shows a small growth in Revenue. In the last year, the Revenue has grown by 2.95%.
The Revenue has been growing by 9.03% on average over the past years. This is quite good.
EPS 1Y (TTM)-59.93%
EPS 3Y-26.39%
EPS 5Y59.69%
EPS Q2Q%-85.9%
Revenue 1Y (TTM)2.95%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%-29.89%
3.2 Future
Based on estimates for the next years, SBLK will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.46% on average per year.
The Revenue is expected to grow by 0.79% on average over the next years.
EPS Next Y-30.36%
EPS Next 2Y11.15%
EPS Next 3Y10.46%
EPS Next 5YN/A
Revenue Next Year-16.8%
Revenue Next 2Y0.19%
Revenue Next 3Y0.79%
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.
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
SBLK is valuated correctly with a Price/Earnings ratio of 16.89.
Compared to the rest of the industry, the Price/Earnings ratio of SBLK is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SBLK to the average of the S&P500 Index (27.86), we can say SBLK is valued slightly cheaper.
With a Price/Forward Earnings ratio of 5.52, the valuation of SBLK can be described as very cheap.
Based on the Price/Forward Earnings ratio, SBLK is valued a bit cheaper than 74.29% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SBLK to the average of the S&P500 Index (23.32), we can say SBLK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.89 | ||
| Fwd PE | 5.52 |
4.2 Price Multiples
SBLK's Enterprise Value to EBITDA ratio is in line with the industry average.
68.57% of the companies in the same industry are more expensive than SBLK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.45 | ||
| EV/EBITDA | 7.6 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.28
EPS Next 2Y11.15%
EPS Next 3Y10.46%
5. Dividend
5.1 Amount
SBLK has a Yearly Dividend Yield of 4.27%, which is a nice return.
SBLK's Dividend Yield is a higher than the industry average which is at 6.69.
Compared to an average S&P500 Dividend Yield of 2.44, SBLK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
5.2 History
The dividend of SBLK is nicely growing with an annual growth rate of 121.96%!
SBLK has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of SBLK decreased recently.
Dividend Growth(5Y)121.96%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
137.06% of the earnings are spent on dividend by SBLK. This is not a sustainable payout ratio.
SBLK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP137.06%
EPS Next 2Y11.15%
EPS Next 3Y10.46%
18.41
-0.11 (-0.59%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners30.99%
Inst Owner Change-59.05%
Ins Owners3.73%
Ins Owner ChangeN/A
Market Cap2.10B
Analysts83.08
Price Target22.87 (24.23%)
Short Float %1.99%
Short Ratio1.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.27% |
Yearly Dividend2.75
Dividend Growth(5Y)121.96%
DP137.06%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)84.98%
Min EPS beat(2)77.38%
Max EPS beat(2)92.58%
EPS beat(4)2
Avg EPS beat(4)30.01%
Min EPS beat(4)-28.83%
Max EPS beat(4)92.58%
EPS beat(8)4
Avg EPS beat(8)17.46%
EPS beat(12)6
Avg EPS beat(12)11.09%
EPS beat(16)10
Avg EPS beat(16)11.21%
Revenue beat(2)1
Avg Revenue beat(2)12.72%
Min Revenue beat(2)-2.57%
Max Revenue beat(2)28.02%
Revenue beat(4)3
Avg Revenue beat(4)11.39%
Min Revenue beat(4)-2.57%
Max Revenue beat(4)28.02%
Revenue beat(8)7
Avg Revenue beat(8)15.32%
Revenue beat(12)9
Avg Revenue beat(12)13.7%
Revenue beat(16)13
Avg Revenue beat(16)15.05%
PT rev (1m)3.7%
PT rev (3m)4.68%
EPS NQ rev (1m)-13.38%
EPS NQ rev (3m)-29.71%
EPS NY rev (1m)-6.59%
EPS NY rev (3m)8.01%
Revenue NQ rev (1m)-3.61%
Revenue NQ rev (3m)-13.77%
Revenue NY rev (1m)-7.48%
Revenue NY rev (3m)-15.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.89 | ||
| Fwd PE | 5.52 | ||
| P/S | 1.86 | ||
| P/FCF | 7.45 | ||
| P/OCF | 6.63 | ||
| P/B | 0.88 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | 7.6 |
EPS(TTM)1.09
EY5.92%
EPS(NY)3.34
Fwd EY18.12%
FCF(TTM)2.47
FCFY13.43%
OCF(TTM)2.78
OCFY15.08%
SpS9.9
BVpS21.01
TBVpS21.02
PEG (NY)N/A
PEG (5Y)0.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.19% | ||
| ROE | 5.17% | ||
| ROCE | 5.18% | ||
| ROIC | 4.09% | ||
| ROICexc | 4.61% | ||
| ROICexgc | 4.61% | ||
| OM | 16.03% | ||
| PM (TTM) | 10.98% | ||
| GM | 45.26% | ||
| FCFM | 24.98% |
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-Score7
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 4.2 | ||
| Debt/EBITDA | 2.51 | ||
| Cap/Depr | 17.39% | ||
| Cap/Sales | 3.07% | ||
| Interest Coverage | 2.24 | ||
| Cash Conversion | 83.31% | ||
| Profit Quality | 227.49% | ||
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.42 | ||
| Altman-Z | 1.14 |
F-Score7
WACC8.88%
ROIC/WACC0.46
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)-59.93%
EPS 3Y-26.39%
EPS 5Y59.69%
EPS Q2Q%-85.9%
EPS Next Y-30.36%
EPS Next 2Y11.15%
EPS Next 3Y10.46%
EPS Next 5YN/A
Revenue 1Y (TTM)2.95%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%-29.89%
Revenue Next Year-16.8%
Revenue Next 2Y0.19%
Revenue Next 3Y0.79%
Revenue Next 5YN/A
EBIT growth 1Y-42.55%
EBIT growth 3Y-21.76%
EBIT growth 5Y35.09%
EBIT Next Year15.6%
EBIT Next 3Y19.54%
EBIT Next 5YN/A
FCF growth 1Y-38.45%
FCF growth 3Y-13.24%
FCF growth 5YN/A
OCF growth 1Y-34.02%
OCF growth 3Y-15%
OCF growth 5Y39.72%