STAR BULK CARRIERS CORP (SBLK) Stock Fundamental Analysis
USA - NASDAQ:SBLK - MHY8162K2046 - Common Stock
17.91 USD
+0.4 (+2.28%)
17.7 USD
-0.21 (-1.17%)
Overall SBLK gets a fundamental rating of 5 out of 10. We evaluated SBLK against 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
SBLK had positive earnings in the past year.
In the past year SBLK had a positive cash flow from operations.
In the past 5 years SBLK has always been profitable.
Each year in the past 5 years SBLK had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SBLK (3.19%) is comparable to the rest of the industry.
SBLK has a Return On Equity of 5.17%. This is comparable to the rest of the industry: SBLK outperforms 57.14% of its industry peers.
The Return On Invested Capital of SBLK (4.09%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for SBLK is significantly below the industry average of 18.84%.
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
The Profit Margin of SBLK (10.98%) is comparable to the rest of the industry.
SBLK's Profit Margin has declined in the last couple of years.
SBLK has a Operating Margin of 16.03%. This is comparable to the rest of the industry: SBLK outperforms 51.43% of its industry peers.
SBLK's Operating Margin has improved in the last couple of years.
The Gross Margin of SBLK (45.26%) 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SBLK is creating some value.
The number of shares outstanding for SBLK has been increased compared to 1 year ago.
Compared to 5 years ago, SBLK has more shares outstanding
Compared to 1 year ago, SBLK has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.10, we must say that SBLK is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SBLK (1.10) is comparable to the rest of the industry.
SBLK has a debt to FCF ratio of 4.20. This is a neutral value as SBLK would need 4.20 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.20, SBLK is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
SBLK has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SBLK (0.40) is better than 62.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 4.2 | ||
| Altman-Z | 1.1 |
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 (1.61) which is in line with its industry peers.
A Quick Ratio of 1.42 indicates that SBLK should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.42, SBLK perfoms like the industry average, outperforming 54.29% of the companies in the same 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%.
SBLK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 59.69% yearly.
The Revenue has been growing slightly by 2.95% in the past year.
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
SBLK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.42% yearly.
Based on estimates for the next years, SBLK will show a small growth in Revenue. The Revenue will grow by 1.13% on average per year.
EPS Next Y-39.68%
EPS Next 2Y7.58%
EPS Next 3Y10.42%
EPS Next 5YN/A
Revenue Next Year-16.8%
Revenue Next 2Y-0.48%
Revenue Next 3Y1.13%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.43, SBLK is valued correctly.
SBLK's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.08, SBLK is valued a bit cheaper.
With a Price/Forward Earnings ratio of 5.73, the valuation of SBLK can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SBLK indicates a somewhat cheap valuation: SBLK is cheaper than 74.29% of the companies listed in the same industry.
SBLK is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.09, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.43 | ||
| Fwd PE | 5.73 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SBLK.
Based on the Price/Free Cash Flow ratio, SBLK is valued a bit cheaper than the industry average as 77.14% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.24 | ||
| EV/EBITDA | 7.33 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.28
EPS Next 2Y7.58%
EPS Next 3Y10.42%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.46%, SBLK is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.34, SBLK pays a bit more dividend than its industry peers.
SBLK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.46% |
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 137.06% 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.
DP137.06%
EPS Next 2Y7.58%
EPS Next 3Y10.42%
17.91
+0.4 (+2.28%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners30.99%
Inst Owner Change-10.37%
Ins Owners3.73%
Ins Owner ChangeN/A
Market Cap2.05B
Revenue(TTM)1.13B
Net Income(TTM)124.22M
Analysts83.08
Price Target22.87 (27.69%)
Short Float %1.59%
Short Ratio1.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.46% |
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)0%
PT rev (3m)8.2%
EPS NQ rev (1m)-13.82%
EPS NQ rev (3m)-39.43%
EPS NY rev (1m)-13.38%
EPS NY rev (3m)-6.45%
Revenue NQ rev (1m)-2.63%
Revenue NQ rev (3m)-11.29%
Revenue NY rev (1m)-8.17%
Revenue NY rev (3m)-15.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.43 | ||
| Fwd PE | 5.73 | ||
| P/S | 1.81 | ||
| P/FCF | 7.24 | ||
| P/OCF | 6.45 | ||
| P/B | 0.85 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 7.33 |
EPS(TTM)1.09
EY6.09%
EPS(NY)3.12
Fwd EY17.45%
FCF(TTM)2.47
FCFY13.8%
OCF(TTM)2.78
OCFY15.5%
SpS9.9
BVpS21.01
TBVpS21.02
PEG (NY)N/A
PEG (5Y)0.28
Graham Number22.7
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%
ROICexgc growth 3Y-23.71%
ROICexgc 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 | 1.1 |
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-39.68%
EPS Next 2Y7.58%
EPS Next 3Y10.42%
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 2Y-0.48%
Revenue Next 3Y1.13%
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%
STAR BULK CARRIERS CORP / SBLK FAQ
What is the ChartMill fundamental rating of STAR BULK CARRIERS CORP (SBLK) stock?
ChartMill assigns a fundamental rating of 5 / 10 to SBLK.
What is the valuation status of STAR BULK CARRIERS CORP (SBLK) stock?
ChartMill assigns a valuation rating of 5 / 10 to STAR BULK CARRIERS CORP (SBLK). This can be considered as Fairly Valued.
How profitable is STAR BULK CARRIERS CORP (SBLK) stock?
STAR BULK CARRIERS CORP (SBLK) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for SBLK stock?
The Price/Earnings (PE) ratio for STAR BULK CARRIERS CORP (SBLK) is 16.43 and the Price/Book (PB) ratio is 0.85.
What is the financial health of STAR BULK CARRIERS CORP (SBLK) stock?
The financial health rating of STAR BULK CARRIERS CORP (SBLK) is 4 / 10.