STAR BULK CARRIERS CORP (SBLK) Stock Fundamental Analysis
NASDAQ:SBLK - MHY8162K2046 - Common Stock
19.25 USD
+0.27 (+1.42%)
We assign a fundamental rating of 6 out of 10 to SBLK. SBLK was compared to 36 industry peers in the Marine Transportation industry. SBLK scores excellent on profitability, but there are some minor concerns on its financial health. SBLK has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
SBLK had positive earnings in the past year.
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
With a decent Return On Assets value of 5.73%, SBLK is doing good in the industry, outperforming 72.22% of the companies in the same industry.
With a decent Return On Equity value of 9.39%, SBLK is doing good in the industry, outperforming 63.89% of the companies in the same industry.
The Return On Invested Capital of SBLK (5.95%) is better than 61.11% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SBLK is in line with the industry average of 9.33%.
The 3 year average ROIC (10.09%) for SBLK is well above the current ROIC(5.95%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.73% | ||
| ROE | 9.39% | ||
| ROIC | 5.95% |
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
Looking at the Profit Margin, with a value of 18.62%, SBLK is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
SBLK's Profit Margin has declined in the last couple of years.
The Operating Margin of SBLK (22.09%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SBLK has grown nicely.
Looking at the Gross Margin, with a value of 48.69%, SBLK is in line with its industry, outperforming 52.78% of the companies in the same industry.
SBLK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.09% | ||
| PM (TTM) | 18.62% | ||
| GM | 48.69% |
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.
SBLK has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SBLK has more shares outstanding
SBLK has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.24, we must say that SBLK is in the distress zone and has some risk of bankruptcy.
SBLK has a better Altman-Z score (1.24) than 61.11% of its industry peers.
SBLK has a debt to FCF ratio of 3.40. This is a good value and a sign of high solvency as SBLK would need 3.40 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.40, SBLK is doing good in the industry, outperforming 77.78% of the companies in the same industry.
SBLK has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SBLK (0.42) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 3.4 | ||
| Altman-Z | 1.24 |
ROIC/WACC0.7
WACC8.53%
2.3 Liquidity
A Current Ratio of 1.65 indicates that SBLK should not have too much problems paying its short term obligations.
The Current ratio of SBLK (1.65) is better than 61.11% of its industry peers.
A Quick Ratio of 1.47 indicates that SBLK should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.47, SBLK is in line with its industry, outperforming 58.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
The earnings per share for SBLK have decreased strongly by -59.93% in the last year.
SBLK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 59.69% yearly.
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)-59.93%
EPS 3Y-26.39%
EPS 5Y59.69%
EPS Q2Q%-85.9%
Revenue 1Y (TTM)33.31%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%-29.89%
3.2 Future
The Earnings Per Share is expected to grow by 12.31% on average over the next years. This is quite good.
SBLK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.47% yearly.
EPS Next Y-35.53%
EPS Next 2Y5.21%
EPS Next 3Y12.31%
EPS Next 5YN/A
Revenue Next Year-5.18%
Revenue Next 2Y4.51%
Revenue Next 3Y2.47%
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
SBLK is valuated rather expensively with a Price/Earnings ratio of 17.66.
The rest of the industry has a similar Price/Earnings ratio as SBLK.
Compared to an average S&P500 Price/Earnings ratio of 26.76, SBLK is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 6.44, the valuation of SBLK can be described as very cheap.
63.89% of the companies in the same industry are more expensive than SBLK, based on the Price/Forward Earnings ratio.
SBLK is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.91, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.66 | ||
| Fwd PE | 6.44 |
4.2 Price Multiples
SBLK's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, SBLK is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.16 | ||
| EV/EBITDA | 6.43 |
4.3 Compensation for Growth
SBLK has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SBLK's earnings are expected to grow with 12.31% in the coming years.
PEG (NY)N/A
PEG (5Y)0.3
EPS Next 2Y5.21%
EPS Next 3Y12.31%
5. Dividend
5.1 Amount
SBLK has a Yearly Dividend Yield of 4.20%, which is a nice return.
SBLK's Dividend Yield is a higher than the industry average which is at 7.05.
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 | 4.2% |
5.2 History
On average, the dividend of SBLK grows each year by 121.96%, which is quite nice.
SBLK has paid a dividend for at least 10 years, which is 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
108.32% 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.
DP108.32%
EPS Next 2Y5.21%
EPS Next 3Y12.31%
NASDAQ:SBLK (8/22/2025, 11:37:50 AM)
19.25
+0.27 (+1.42%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners33.19%
Inst Owner Change-4.32%
Ins Owners3.65%
Ins Owner ChangeN/A
Market Cap2.25B
Analysts83.08
Price Target21.13 (9.77%)
Short Float %3.51%
Short Ratio2.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.2% |
Yearly Dividend2.75
Dividend Growth(5Y)121.96%
DP108.32%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)28.14%
Min EPS beat(2)-21.1%
Max EPS beat(2)77.38%
EPS beat(4)1
Avg EPS beat(4)5.01%
Min EPS beat(4)-28.83%
Max EPS beat(4)77.38%
EPS beat(8)3
Avg EPS beat(8)2.32%
EPS beat(12)6
Avg EPS beat(12)4.4%
EPS beat(16)9
Avg EPS beat(16)5.05%
Revenue beat(2)1
Avg Revenue beat(2)0.2%
Min Revenue beat(2)-2.57%
Max Revenue beat(2)2.97%
Revenue beat(4)3
Avg Revenue beat(4)10.33%
Min Revenue beat(4)-2.57%
Max Revenue beat(4)23.76%
Revenue beat(8)6
Avg Revenue beat(8)10.68%
Revenue beat(12)9
Avg Revenue beat(12)13.33%
Revenue beat(16)13
Avg Revenue beat(16)13.32%
PT rev (1m)-3.25%
PT rev (3m)-0.45%
EPS NQ rev (1m)-6.67%
EPS NQ rev (3m)-63.87%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.54%
Revenue NQ rev (1m)-6.97%
Revenue NQ rev (3m)-13.44%
Revenue NY rev (1m)-3.72%
Revenue NY rev (3m)-4.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.66 | ||
| Fwd PE | 6.44 | ||
| P/S | 1.82 | ||
| P/FCF | 6.16 | ||
| P/OCF | 5.55 | ||
| P/B | 0.92 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | 6.43 |
EPS(TTM)1.09
EY5.66%
EPS(NY)2.99
Fwd EY15.53%
FCF(TTM)3.13
FCFY16.24%
OCF(TTM)3.47
OCFY18.03%
SpS10.59
BVpS21
TBVpS21
PEG (NY)N/A
PEG (5Y)0.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.73% | ||
| ROE | 9.39% | ||
| ROCE | 7.53% | ||
| ROIC | 5.95% | ||
| ROICexc | 6.75% | ||
| ROICexgc | 6.75% | ||
| OM | 22.09% | ||
| PM (TTM) | 18.62% | ||
| GM | 48.69% | ||
| FCFM | 29.52% |
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-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 3.4 | ||
| Debt/EBITDA | 2.18 | ||
| Cap/Depr | 20.46% | ||
| Cap/Sales | 3.26% | ||
| Interest Coverage | 3.23 | ||
| Cash Conversion | 86.17% | ||
| Profit Quality | 158.53% | ||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 1.24 |
F-Score6
WACC8.53%
ROIC/WACC0.7
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-35.53%
EPS Next 2Y5.21%
EPS Next 3Y12.31%
EPS Next 5YN/A
Revenue 1Y (TTM)33.31%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%-29.89%
Revenue Next Year-5.18%
Revenue Next 2Y4.51%
Revenue Next 3Y2.47%
Revenue Next 5YN/A
EBIT growth 1Y4.63%
EBIT growth 3Y-21.76%
EBIT growth 5Y35.09%
EBIT Next Year23.11%
EBIT Next 3Y21.4%
EBIT Next 5YN/A
FCF growth 1Y-39.11%
FCF growth 3Y-13.24%
FCF growth 5YN/A
OCF growth 1Y-35.02%
OCF growth 3Y-15%
OCF growth 5Y39.72%