STAR BULK CARRIERS CORP (SBLK) Stock Fundamental Analysis
USA - NASDAQ:SBLK - MHY8162K2046 - Common Stock
19.21 USD
+0.02 (+0.1%)
19.3227 USD
+0.11 (+0.59%)
SBLK gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 35 industry peers in the Marine Transportation industry. SBLK has an average financial health and profitability rating. SBLK has a correct valuation and a medium growth rate.
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.
In the past 5 years SBLK has always been profitable.
SBLK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SBLK has a Return On Assets (3.19%) which is in line with its industry peers.
SBLK has a Return On Equity (5.17%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 4.09%, SBLK is in line with its industry, outperforming 51.43% 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 above the industry average of 7.67%.
The 3 year average ROIC (10.09%) for SBLK is well above the current ROIC(4.09%). The reason for the recent decline needs to be investigated.
| 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 60.00% of its industry peers.
SBLK's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 16.03%, SBLK is in line with its industry, outperforming 51.43% of the companies in the same 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.
SBLK's Gross Margin has improved in the last couple of years.
| 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.
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
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.
With a Altman-Z score value of 1.18, SBLK perfoms like the industry average, outperforming 60.00% of the companies in the same 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's Debt to FCF ratio of 4.20 is fine compared to the rest of the industry. SBLK outperforms 74.29% of its industry peers.
A Debt/Equity ratio of 0.40 indicates that SBLK is not too dependend on debt financing.
SBLK has a Debt to Equity ratio of 0.40. This is in the better half of the industry: SBLK outperforms 62.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.4 | ||
| Debt/FCF | 4.2 | ||
| Altman-Z | 1.18 |
ROIC/WACC0.46
WACC8.89%
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 51.43% 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 of 1.42. This is comparable to the rest of the industry: SBLK outperforms 51.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.61 | ||
| Quick Ratio | 1.42 |
3. Growth
3.1 Past
The earnings per share for SBLK have decreased strongly by -59.93% 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 small growth in Revenue. The Revenue has grown by 2.95% in the last year.
Measured over the past years, SBLK shows a quite strong growth in Revenue. The Revenue has been growing by 9.03% on average per year.
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 12.04% on average per year.
SBLK is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.13% yearly.
EPS Next Y-25.45%
EPS Next 2Y6.46%
EPS Next 3Y12.04%
EPS Next 5YN/A
Revenue Next Year-9.4%
Revenue Next 2Y2.95%
Revenue Next 3Y1.13%
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.
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
The Price/Earnings ratio is 17.62, which indicates a rather expensive current valuation of SBLK.
Compared to the rest of the industry, the Price/Earnings ratio of SBLK is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.30, SBLK is valued a bit cheaper.
The Price/Forward Earnings ratio is 6.28, which indicates a rather cheap valuation of SBLK.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SBLK indicates a somewhat cheap valuation: SBLK is cheaper than 71.43% of the companies listed in the same industry.
SBLK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.62 | ||
| Fwd PE | 6.28 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SBLK.
SBLK's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SBLK is cheaper than 68.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.77 | ||
| EV/EBITDA | 7.84 |
4.3 Compensation for Growth
SBLK has a very decent profitability rating, which may justify a higher PE ratio.
SBLK's earnings are expected to grow with 12.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.3
EPS Next 2Y6.46%
EPS Next 3Y12.04%
5. Dividend
5.1 Amount
SBLK has a Yearly Dividend Yield of 4.12%, which is a nice return.
SBLK's Dividend Yield is a higher than the industry average which is at 6.76.
Compared to an average S&P500 Dividend Yield of 2.41, SBLK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
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.
SBLK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP137.06%
EPS Next 2Y6.46%
EPS Next 3Y12.04%
19.21
+0.02 (+0.1%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners33.19%
Inst Owner Change-4.38%
Ins Owners3.65%
Ins Owner ChangeN/A
Market Cap2.20B
Analysts83.08
Price Target22.87 (19.05%)
Short Float %2.89%
Short Ratio1.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.12% |
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)8.2%
PT rev (3m)4.68%
EPS NQ rev (1m)-22.64%
EPS NQ rev (3m)-29.71%
EPS NY rev (1m)15.62%
EPS NY rev (3m)5.75%
Revenue NQ rev (1m)-3.61%
Revenue NQ rev (3m)-13.77%
Revenue NY rev (1m)-4.45%
Revenue NY rev (3m)-8%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.62 | ||
| Fwd PE | 6.28 | ||
| P/S | 1.94 | ||
| P/FCF | 7.77 | ||
| P/OCF | 6.92 | ||
| P/B | 0.91 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 7.84 |
EPS(TTM)1.09
EY5.67%
EPS(NY)3.06
Fwd EY15.93%
FCF(TTM)2.47
FCFY12.87%
OCF(TTM)2.78
OCFY14.45%
SpS9.9
BVpS21.01
TBVpS21.02
PEG (NY)N/A
PEG (5Y)0.3
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 | 1.18 |
F-Score7
WACC8.89%
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-25.45%
EPS Next 2Y6.46%
EPS Next 3Y12.04%
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-9.4%
Revenue Next 2Y2.95%
Revenue Next 3Y1.13%
Revenue Next 5YN/A
EBIT growth 1Y-42.55%
EBIT growth 3Y-21.76%
EBIT growth 5Y35.09%
EBIT Next Year23.11%
EBIT Next 3Y21.4%
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%