EAGLE BULK SHIPPING INC (EGLE) Stock Fundamental Analysis
NYSE:EGLE - New York Stock Exchange, Inc. - MHY2187A1507 - Common Stock - Currency: USD
Overall EGLE gets a fundamental rating of 3 out of 10. We evaluated EGLE against 29 industry peers in the Marine Transportation industry. EGLE has a bad profitability rating. Also its financial health evaluation is rather negative. EGLE does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year EGLE was profitable.
In the past year EGLE had a positive cash flow from operations.
In multiple years EGLE reported negative net income over the last 5 years.
In the past 5 years EGLE always reported a positive cash flow from operatings.
1.2 Ratios
EGLE's Return On Assets of 1.97% is on the low side compared to the rest of the industry. EGLE is outperformed by 63.33% of its industry peers.
EGLE has a worse Return On Equity (3.77%) than 63.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.58%, EGLE is doing worse than 63.33% of the companies in the same industry.
EGLE had an Average Return On Invested Capital over the past 3 years of 13.11%. This is above the industry average of 8.54%.
The 3 year average ROIC (13.11%) for EGLE is well above the current ROIC(1.58%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.97% | ||
| ROE | 3.77% | ||
| ROIC | 1.58% |
ROA(3y)12.81%
ROA(5y)6.53%
ROE(3y)20.53%
ROE(5y)9.93%
ROIC(3y)13.11%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of EGLE (5.75%) is worse than 63.33% of its industry peers.
In the last couple of years the Profit Margin of EGLE has grown nicely.
EGLE has a Operating Margin of 4.76%. This is in the lower half of the industry: EGLE underperforms 73.33% of its industry peers.
EGLE's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 42.32%, EGLE is in line with its industry, outperforming 43.33% of the companies in the same industry.
In the last couple of years the Gross Margin of EGLE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.76% | ||
| PM (TTM) | 5.75% | ||
| GM | 42.32% |
OM growth 3YN/A
OM growth 5Y-16.99%
PM growth 3YN/A
PM growth 5Y7.27%
GM growth 3Y5.52%
GM growth 5Y-2.53%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so EGLE is still creating some value.
Compared to 1 year ago, EGLE has less shares outstanding
The number of shares outstanding for EGLE has been reduced compared to 5 years ago.
Compared to 1 year ago, EGLE has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.94, we must say that EGLE is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of EGLE (0.94) is comparable to the rest of the industry.
EGLE has a Debt/Equity ratio of 0.55. This is a neutral value indicating EGLE is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.55, EGLE is in line with its industry, outperforming 53.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.94 |
ROIC/WACC0.2
WACC7.99%
2.3 Liquidity
EGLE has a Current Ratio of 0.89. This is a bad value and indicates that EGLE is not financially healthy enough and could expect problems in meeting its short term obligations.
EGLE has a worse Current ratio (0.89) than 76.67% of its industry peers.
A Quick Ratio of 0.77 indicates that EGLE may have some problems paying its short term obligations.
EGLE's Quick ratio of 0.77 is on the low side compared to the rest of the industry. EGLE is outperformed by 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
EGLE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -91.14%.
The Earnings Per Share has been decreasing by -2.76% on average over the past years.
The Revenue for EGLE has decreased by -45.29% in the past year. This is quite bad
Measured over the past years, EGLE shows a small growth in Revenue. The Revenue has been growing by 4.89% on average per year.
EPS 1Y (TTM)-91.14%
EPS 3YN/A
EPS 5Y-2.76%
EPS Q2Q%-50.44%
Revenue 1Y (TTM)-45.29%
Revenue growth 3Y12.7%
Revenue growth 5Y4.89%
Sales Q2Q%-30.92%
3.2 Future
Based on estimates for the next years, EGLE will show a very strong growth in Earnings Per Share. The EPS will grow by 140.51% on average per year.
EGLE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.74% yearly.
EPS Next Y340.13%
EPS Next 2Y140.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.65%
Revenue Next 2Y14.97%
Revenue Next 3Y0.74%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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
Based on the Price/Earnings ratio of 44.71, the valuation of EGLE can be described as expensive.
70.00% of the companies in the same industry are cheaper than EGLE, based on the Price/Earnings ratio.
EGLE is valuated expensively when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.16 indicates a reasonable valuation of EGLE.
60.00% of the companies in the same industry are cheaper than EGLE, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of EGLE to the average of the S&P500 Index (22.68), we can say EGLE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.71 | ||
| Fwd PE | 10.16 |
4.2 Price Multiples
EGLE's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. EGLE is more expensive than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.21 |
4.3 Compensation for Growth
EGLE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as EGLE's earnings are expected to grow with 140.51% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y140.51%
EPS Next 3YN/A
5. Dividend
5.1 Amount
EGLE has a Yearly Dividend Yield of 3.83%. Purely for dividend investing, there may be better candidates out there.
EGLE's Dividend Yield is comparable with the industry average which is at 13.73.
EGLE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
5.2 History
The dividend of EGLE decreases each year by -72.39%.
EGLE has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-72.39%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
EGLE pays out 74.07% of its income as dividend. This is not a sustainable payout ratio.
DP74.07%
EPS Next 2Y140.51%
EPS Next 3YN/A
62.6
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners8.63%
Inst Owner Change-26.21%
Ins Owners35.88%
Ins Owner Change0%
Market Cap692.98M
Analysts75.29
Price Target60.84 (-2.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.83% |
Yearly Dividend1.5
Dividend Growth(5Y)-72.39%
DP74.07%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)61.42%
Min EPS beat(2)56.4%
Max EPS beat(2)66.43%
EPS beat(4)3
Avg EPS beat(4)93.22%
Min EPS beat(4)-52.7%
Max EPS beat(4)302.75%
EPS beat(8)3
Avg EPS beat(8)40.78%
EPS beat(12)4
Avg EPS beat(12)21.72%
EPS beat(16)6
Avg EPS beat(16)22.1%
Revenue beat(2)2
Avg Revenue beat(2)12.99%
Min Revenue beat(2)8.55%
Max Revenue beat(2)17.44%
Revenue beat(4)4
Avg Revenue beat(4)13.64%
Min Revenue beat(4)6.67%
Max Revenue beat(4)21.92%
Revenue beat(8)8
Avg Revenue beat(8)18.65%
Revenue beat(12)12
Avg Revenue beat(12)19.38%
Revenue beat(16)16
Avg Revenue beat(16)23.87%
PT rev (1m)0%
PT rev (3m)9.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-30.6%
EPS NY rev (1m)-5.32%
EPS NY rev (3m)2.85%
Revenue NQ rev (1m)14.03%
Revenue NQ rev (3m)5.35%
Revenue NY rev (1m)12.99%
Revenue NY rev (3m)6.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.71 | ||
| Fwd PE | 10.16 | ||
| P/S | 1.76 | ||
| P/FCF | N/A | ||
| P/OCF | 12.39 | ||
| P/B | 1.15 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 16.21 |
EPS(TTM)1.4
EY2.24%
EPS(NY)6.16
Fwd EY9.84%
FCF(TTM)-2.71
FCFYN/A
OCF(TTM)5.05
OCFY8.07%
SpS35.57
BVpS54.22
TBVpS54.22
PEG (NY)0.13
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.97% | ||
| ROE | 3.77% | ||
| ROCE | 2.01% | ||
| ROIC | 1.58% | ||
| ROICexc | 1.81% | ||
| ROICexgc | 1.81% | ||
| OM | 4.76% | ||
| PM (TTM) | 5.75% | ||
| GM | 42.32% | ||
| FCFM | N/A |
ROA(3y)12.81%
ROA(5y)6.53%
ROE(3y)20.53%
ROE(5y)9.93%
ROIC(3y)13.11%
ROIC(5y)N/A
ROICexc(3y)15.01%
ROICexc(5y)N/A
ROICexgc(3y)15.01%
ROICexgc(5y)N/A
ROCE(3y)16.6%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-15.19%
ROICexc growth 3YN/A
ROICexc growth 5Y-15.19%
OM growth 3YN/A
OM growth 5Y-16.99%
PM growth 3YN/A
PM growth 5Y7.27%
GM growth 3Y5.52%
GM growth 5Y-2.53%
F-Score4
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.06 | ||
| Cap/Depr | 184.65% | ||
| Cap/Sales | 21.81% | ||
| Interest Coverage | 0.62 | ||
| Cash Conversion | 85.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.89 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 0.94 |
F-Score4
WACC7.99%
ROIC/WACC0.2
Cap/Depr(3y)188.84%
Cap/Depr(5y)246.37%
Cap/Sales(3y)16.64%
Cap/Sales(5y)26.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-91.14%
EPS 3YN/A
EPS 5Y-2.76%
EPS Q2Q%-50.44%
EPS Next Y340.13%
EPS Next 2Y140.51%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-45.29%
Revenue growth 3Y12.7%
Revenue growth 5Y4.89%
Sales Q2Q%-30.92%
Revenue Next Year21.65%
Revenue Next 2Y14.97%
Revenue Next 3Y0.74%
Revenue Next 5YN/A
EBIT growth 1Y-92.35%
EBIT growth 3YN/A
EBIT growth 5Y-12.93%
EBIT Next Year354.71%
EBIT Next 3Y81.36%
EBIT Next 5YN/A
FCF growth 1Y-111.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-81.25%
OCF growth 3Y64.35%
OCF growth 5Y4.22%