STAR BULK CARRIERS CORP (SBLK)
MHY8162K2046 - Common Stock
SBLK gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 29 industry peers in the Marine Transportation industry. SBLK has an excellent profitability rating, but there are some minor concerns on its financial health. SBLK is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year SBLK was profitable.
SBLK had a positive operating cash flow in the past year.
Of the past 5 years SBLK 4 years were profitable.
In the past 5 years SBLK always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.73%, SBLK is in the better half of the industry, outperforming 62.07% of the companies in the same industry.
SBLK's Return On Equity of 10.46% is fine compared to the rest of the industry. SBLK outperforms 65.52% of its industry peers.
With a decent Return On Invested Capital value of 7.03%, SBLK is doing good in the industry, outperforming 65.52% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SBLK is significantly above the industry average of 7.78%.
The 3 year average ROIC (13.16%) for SBLK is well above the current ROIC(7.03%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.73% | ||
| ROE | 10.46% | ||
| ROIC | 7.03% |
ROA(3y)13.45%
ROA(5y)8.03%
ROE(3y)23.73%
ROE(5y)14.16%
ROIC(3y)13.17%
ROIC(5y)8.69%
1.3 Margins
With a Profit Margin value of 18.29%, SBLK perfoms like the industry average, outperforming 58.62% of the companies in the same industry.
In the last couple of years the Profit Margin of SBLK has grown nicely.
Looking at the Operating Margin, with a value of 25.03%, SBLK is in line with its industry, outperforming 55.17% of the companies in the same industry.
SBLK's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 45.53%, SBLK is in line with its industry, outperforming 48.28% of the companies in the same industry.
SBLK's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.03% | ||
| PM (TTM) | 18.29% | ||
| GM | 45.53% |
OM growth 3Y36.77%
OM growth 5Y1.66%
PM growth 3Y135.53%
PM growth 5Y15.33%
GM growth 3Y2.59%
GM growth 5Y-5.31%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so SBLK is creating value.
The number of shares outstanding for SBLK remains at a similar level compared to 1 year ago.
The number of shares outstanding for SBLK has been increased compared to 5 years ago.
The debt/assets ratio for SBLK is higher compared to a year ago.
2.2 Solvency
SBLK has an Altman-Z score of 1.56. 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 1.56, SBLK perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
SBLK has a debt to FCF ratio of 3.89. This is a good value and a sign of high solvency as SBLK would need 3.89 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.89, SBLK is doing good in the industry, outperforming 79.31% of the companies in the same industry.
A Debt/Equity ratio of 0.59 indicates that SBLK is somewhat dependend on debt financing.
SBLK has a Debt to Equity ratio (0.59) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 3.89 | ||
| Altman-Z | 1.56 |
ROIC/WACC1.06
WACC6.63%
2.3 Liquidity
SBLK has a Current Ratio of 1.26. This is a normal value and indicates that SBLK is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.26, SBLK perfoms like the industry average, outperforming 41.38% of the companies in the same industry.
SBLK has a Quick Ratio of 1.09. 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 Quick ratio, with a value of 1.09, SBLK is in line with its industry, outperforming 41.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The earnings per share for SBLK have decreased strongly by -68.07% in the last year.
The Earnings Per Share has been growing by 15.11% on average over the past years. This is quite good.
SBLK shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -33.95%.
SBLK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.82% yearly.
EPS 1Y (TTM)-68.07%
EPS 3Y128.15%
EPS 5Y15.11%
EPS growth Q2Q-18.89%
Revenue 1Y (TTM)-33.95%
Revenue growth 3Y11.05%
Revenue growth 5Y7.82%
Revenue growth Q2Q-10.63%
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 14.40% yearly.
Based on estimates for the next years, SBLK will show a quite strong growth in Revenue. The Revenue will grow by 9.01% on average per year.
EPS Next Y122.92%
EPS Next 2Y65.22%
EPS Next 3Y50.5%
EPS Next 5Y14.4%
Revenue Next Year25.99%
Revenue Next 2Y21%
Revenue Next 3Y15.41%
Revenue Next 5Y9.01%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 13.63, SBLK is valued correctly.
SBLK's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 28.02. SBLK is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 6.11, the valuation of SBLK can be described as very cheap.
SBLK's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SBLK is cheaper than 72.41% of the companies in the same industry.
SBLK is valuated cheaply when we compare the Price/Forward Earnings ratio to 20.58, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.63 | ||
| Fwd PE | 6.11 |
4.2 Price Multiples
SBLK's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SBLK is more expensive than 62.07% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SBLK indicates a somewhat cheap valuation: SBLK is cheaper than 68.97% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.24 | ||
| EV/EBITDA | 10.14 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SBLK may justify a higher PE ratio.
A more expensive valuation may be justified as SBLK's earnings are expected to grow with 50.50% in the coming years.
PEG (NY)0.11
PEG (5Y)0.9
EPS Next 2Y65.22%
EPS Next 3Y50.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.72%, SBLK is a good candidate for dividend investing.
SBLK's Dividend Yield is a higher than the industry average which is at 4.75.
SBLK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.72% |
5.2 History
SBLK has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
91.04% of the earnings are spent on dividend by SBLK. This is not a sustainable payout ratio.
DP91.04%
EPS Next 2Y65.22%
EPS Next 3Y50.5%
STAR BULK CARRIERS CORP
NASDAQ:SBLK (5/7/2024, 9:31:10 AM)
25.89
+0.89 (+3.56%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.94B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.72% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
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EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.63 | ||
| Fwd PE | 6.11 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.11
PEG (5Y)0.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.73% | ||
| ROE | 10.46% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 25.03% | ||
| PM (TTM) | 18.29% | ||
| GM | 45.53% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.26 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-68.07%
EPS 3Y128.15%
EPS 5Y
EPS growth Q2Q
EPS Next Y122.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-33.95%
Revenue growth 3Y11.05%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y