KIRBY CORP (KEX) Stock Fundamental Analysis
NYSE:KEX - New York Stock Exchange, Inc. - US4972661064 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to KEX. KEX was compared to 36 industry peers in the Marine Transportation industry. KEX has only an average score on both its financial health and profitability. KEX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
KEX had positive earnings in the past year.
KEX had a positive operating cash flow in the past year.
In multiple years KEX reported negative net income over the last 5 years.
In the past 5 years KEX always reported a positive cash flow from operatings.
1.2 Ratios
KEX's Return On Assets of 4.86% is in line compared to the rest of the industry. KEX outperforms 58.33% of its industry peers.
With a decent Return On Equity value of 8.80%, KEX is doing good in the industry, outperforming 63.89% of the companies in the same industry.
KEX has a Return On Invested Capital of 6.66%. This is in the better half of the industry: KEX outperforms 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KEX is below the industry average of 9.15%.
The 3 year average ROIC (4.97%) for KEX is below the current ROIC(6.66%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 8.8% | ||
| ROIC | 6.66% |
ROA(3y)3.67%
ROA(5y)0.36%
ROE(3y)6.52%
ROE(5y)0.44%
ROIC(3y)4.97%
ROIC(5y)3.63%
1.3 Margins
KEX has a Profit Margin (9.02%) which is in line with its industry peers.
In the last couple of years the Profit Margin of KEX has grown nicely.
KEX has a Operating Margin (14.10%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of KEX has grown nicely.
KEX's Gross Margin of 33.34% is on the low side compared to the rest of the industry. KEX is outperformed by 66.67% of its industry peers.
KEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.1% | ||
| PM (TTM) | 9.02% | ||
| GM | 33.34% |
OM growth 3Y59.45%
OM growth 5Y10.82%
PM growth 3YN/A
PM growth 5Y11.9%
GM growth 3Y7.28%
GM growth 5Y2.75%
2. Health
2.1 Basic Checks
KEX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, KEX has less shares outstanding
The number of shares outstanding for KEX has been reduced compared to 5 years ago.
KEX has a better debt/assets ratio than last year.
2.2 Solvency
KEX has an Altman-Z score of 3.05. This indicates that KEX is financially healthy and has little risk of bankruptcy at the moment.
KEX has a Altman-Z score of 3.05. This is amongst the best in the industry. KEX outperforms 88.89% of its industry peers.
KEX has a debt to FCF ratio of 3.33. This is a good value and a sign of high solvency as KEX would need 3.33 years to pay back of all of its debts.
KEX has a better Debt to FCF ratio (3.33) than 77.78% of its industry peers.
A Debt/Equity ratio of 0.33 indicates that KEX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.33, KEX is in the better half of the industry, outperforming 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 3.33 | ||
| Altman-Z | 3.05 |
ROIC/WACC0.79
WACC8.42%
2.3 Liquidity
KEX has a Current Ratio of 1.58. This is a normal value and indicates that KEX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.58, KEX perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
KEX has a Quick Ratio of 1.58. This is a bad value and indicates that KEX is not financially healthy enough and could expect problems in meeting its short term obligations.
KEX has a Quick ratio (0.96) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
KEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 32.39%, which is quite impressive.
KEX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.41% yearly.
The Revenue has been growing slightly by 2.99% in the past year.
KEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.85% yearly.
EPS 1Y (TTM)32.39%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%11.76%
Revenue 1Y (TTM)2.99%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%-2.77%
3.2 Future
KEX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.58% yearly.
Based on estimates for the next years, KEX will show a small growth in Revenue. The Revenue will grow by 6.27% on average per year.
EPS Next Y20.72%
EPS Next 2Y18.88%
EPS Next 3Y10.58%
EPS Next 5YN/A
Revenue Next Year3.58%
Revenue Next 2Y4.49%
Revenue Next 3Y6.27%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 20.56 indicates a rather expensive valuation of KEX.
61.11% of the companies in the same industry are cheaper than KEX, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.19, KEX is valued a bit cheaper.
The Price/Forward Earnings ratio is 14.92, which indicates a correct valuation of KEX.
KEX's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.33, KEX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.56 | ||
| Fwd PE | 14.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KEX indicates a slightly more expensive valuation: KEX is more expensive than 75.00% of the companies listed in the same industry.
KEX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.61 | ||
| EV/EBITDA | 10.83 |
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.
KEX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.99
PEG (5Y)1.53
EPS Next 2Y18.88%
EPS Next 3Y10.58%
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
115.15
-2.03 (-1.73%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners101.2%
Inst Owner Change-0.04%
Ins Owners0.73%
Ins Owner Change5.87%
Market Cap6.46B
Analysts88
Price Target130.56 (13.38%)
Short Float %4.38%
Short Ratio4.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.87%
Min EPS beat(2)-0.86%
Max EPS beat(2)2.61%
EPS beat(4)3
Avg EPS beat(4)3.35%
Min EPS beat(4)-0.86%
Max EPS beat(4)7.26%
EPS beat(8)6
Avg EPS beat(8)5.65%
EPS beat(12)9
Avg EPS beat(12)4.92%
EPS beat(16)12
Avg EPS beat(16)3.7%
Revenue beat(2)0
Avg Revenue beat(2)-3.12%
Min Revenue beat(2)-5.08%
Max Revenue beat(2)-1.16%
Revenue beat(4)0
Avg Revenue beat(4)-1.86%
Min Revenue beat(4)-5.08%
Max Revenue beat(4)-0.5%
Revenue beat(8)2
Avg Revenue beat(8)-1.2%
Revenue beat(12)6
Avg Revenue beat(12)-0.14%
Revenue beat(16)9
Avg Revenue beat(16)0.51%
PT rev (1m)0%
PT rev (3m)-4.48%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.93%
EPS NY rev (1m)-0.49%
EPS NY rev (3m)-0.87%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.56 | ||
| Fwd PE | 14.92 | ||
| P/S | 1.99 | ||
| P/FCF | 19.61 | ||
| P/OCF | 9.65 | ||
| P/B | 1.94 | ||
| P/tB | 2.26 | ||
| EV/EBITDA | 10.83 |
EPS(TTM)5.6
EY4.86%
EPS(NY)7.72
Fwd EY6.7%
FCF(TTM)5.87
FCFY5.1%
OCF(TTM)11.94
OCFY10.37%
SpS57.82
BVpS59.29
TBVpS50.89
PEG (NY)0.99
PEG (5Y)1.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.86% | ||
| ROE | 8.8% | ||
| ROCE | 8.6% | ||
| ROIC | 6.66% | ||
| ROICexc | 6.72% | ||
| ROICexgc | 7.39% | ||
| OM | 14.1% | ||
| PM (TTM) | 9.02% | ||
| GM | 33.34% | ||
| FCFM | 10.16% |
ROA(3y)3.67%
ROA(5y)0.36%
ROE(3y)6.52%
ROE(5y)0.44%
ROIC(3y)4.97%
ROIC(5y)3.63%
ROICexc(3y)5.03%
ROICexc(5y)3.67%
ROICexgc(3y)5.57%
ROICexgc(5y)4.08%
ROCE(3y)6.42%
ROCE(5y)4.68%
ROICexcg growth 3Y77.3%
ROICexcg growth 5Y12.98%
ROICexc growth 3Y77.93%
ROICexc growth 5Y16.13%
OM growth 3Y59.45%
OM growth 5Y10.82%
PM growth 3YN/A
PM growth 5Y11.9%
GM growth 3Y7.28%
GM growth 5Y2.75%
F-Score7
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 3.33 | ||
| Debt/EBITDA | 1.55 | ||
| Cap/Depr | 138.1% | ||
| Cap/Sales | 10.49% | ||
| Interest Coverage | 10.1 | ||
| Cash Conversion | 95.18% | ||
| Profit Quality | 112.6% | ||
| Current Ratio | 1.58 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 3.05 |
F-Score7
WACC8.42%
ROIC/WACC0.79
Cap/Depr(3y)139.51%
Cap/Depr(5y)106.36%
Cap/Sales(3y)9.89%
Cap/Sales(5y)8.17%
Profit Quality(3y)101.95%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)32.39%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%11.76%
EPS Next Y20.72%
EPS Next 2Y18.88%
EPS Next 3Y10.58%
EPS Next 5YN/A
Revenue 1Y (TTM)2.99%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%-2.77%
Revenue Next Year3.58%
Revenue Next 2Y4.49%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
EBIT growth 1Y21.73%
EBIT growth 3Y80.63%
EBIT growth 5Y13.97%
EBIT Next Year70.85%
EBIT Next 3Y22.6%
EBIT Next 5YN/A
FCF growth 1Y386.63%
FCF growth 3Y22.78%
FCF growth 5Y9.44%
OCF growth 1Y140.57%
OCF growth 3Y32.99%
OCF growth 5Y8.13%