KIRBY CORP (KEX) Stock Fundamental Analysis
NYSE:KEX - New York Stock Exchange, Inc. - US4972661064 - Common Stock - Currency: USD
Overall KEX gets a fundamental rating of 4 out of 10. We evaluated KEX against 29 industry peers in the Marine Transportation industry. KEX has an average financial health and profitability rating. KEX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year KEX was profitable.
In the past year KEX had a positive cash flow from operations.
In multiple years KEX reported negative net income over the last 5 years.
Of the past 5 years KEX 4 years had a positive operating cash flow.
1.2 Ratios
KEX has a Return On Assets of 5.21%. This is comparable to the rest of the industry: KEX outperforms 42.86% of its industry peers.
KEX has a Return On Equity (9.26%) which is in line with its industry peers.
KEX has a Return On Invested Capital of 6.38%. This is comparable to the rest of the industry: KEX outperforms 50.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KEX is significantly below the industry average of 8.54%.
The last Return On Invested Capital (6.38%) for KEX is above the 3 year average (3.00%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.21% | ||
| ROE | 9.26% | ||
| ROIC | 6.38% |
ROA(3y)0.51%
ROA(5y)-0.15%
ROE(3y)0.82%
ROE(5y)-0.43%
ROIC(3y)3%
ROIC(5y)2.82%
1.3 Margins
KEX has a worse Profit Margin (9.37%) than 67.86% of its industry peers.
KEX's Profit Margin has improved in the last couple of years.
KEX has a worse Operating Margin (13.46%) than 71.43% of its industry peers.
KEX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 32.00%, KEX is doing worse than 71.43% of the companies in the same industry.
In the last couple of years the Gross Margin of KEX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.46% | ||
| PM (TTM) | 9.37% | ||
| GM | 32% |
OM growth 3Y18.23%
OM growth 5Y5.13%
PM growth 3YN/A
PM growth 5Y22.35%
GM growth 3Y-1.05%
GM growth 5Y1.57%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KEX is destroying value.
KEX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
KEX has an Altman-Z score of 3.02. This indicates that KEX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.02, KEX belongs to the top of the industry, outperforming 82.14% of the companies in the same industry.
The Debt to FCF ratio of KEX is 2.78, which is a good value as it means it would take KEX, 2.78 years of fcf income to pay off all of its debts.
KEX has a Debt to FCF ratio of 2.78. This is in the better half of the industry: KEX outperforms 71.43% of its industry peers.
A Debt/Equity ratio of 0.29 indicates that KEX is not too dependend on debt financing.
KEX's Debt to Equity ratio of 0.29 is fine compared to the rest of the industry. KEX outperforms 67.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 2.78 | ||
| Altman-Z | 3.02 |
ROIC/WACC0.77
WACC8.23%
2.3 Liquidity
A Current Ratio of 1.67 indicates that KEX should not have too much problems paying its short term obligations.
KEX's Current ratio of 1.67 is in line compared to the rest of the industry. KEX outperforms 53.57% of its industry peers.
KEX has a Quick Ratio of 1.05. This is a normal value and indicates that KEX is financially healthy and should not expect problems in meeting its short term obligations.
KEX has a Quick ratio of 1.05. This is in the lower half of the industry: KEX underperforms 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
KEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 46.77%, which is quite impressive.
Measured over the past years, KEX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.41% on average per year.
EPS 1Y (TTM)46.77%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%24.04%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%0.39%
3.2 Future
KEX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.38% yearly.
The Revenue is expected to grow by 5.28% on average over the next years.
EPS Next Y21.78%
EPS Next 2Y21.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5%
Revenue Next 2Y5.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 18.84 indicates a rather expensive valuation of KEX.
71.43% of the companies in the same industry are cheaper than KEX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 29.63. KEX is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 15.47, which indicates a correct valuation of KEX.
64.29% of the companies in the same industry are cheaper than KEX, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.68. KEX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.84 | ||
| Fwd PE | 15.47 |
4.2 Price Multiples
78.57% of the companies in the same industry are cheaper than KEX, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KEX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.75 | ||
| EV/EBITDA | 10.43 |
4.3 Compensation for Growth
KEX'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 KEX's earnings are expected to grow with 21.38% in the coming years.
PEG (NY)0.86
PEG (5Y)1.4
EPS Next 2Y21.38%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
102.84
-3.31 (-3.12%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners99.14%
Inst Owner Change1.58%
Ins Owners0.72%
Ins Owner Change-1.81%
Market Cap5.90B
Analysts89.09
Price Target138.14 (34.33%)
Short Float %2.2%
Short Ratio1.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.83%
Min EPS beat(2)4.4%
Max EPS beat(2)7.26%
EPS beat(4)3
Avg EPS beat(4)7.84%
Min EPS beat(4)-0.03%
Max EPS beat(4)19.74%
EPS beat(8)6
Avg EPS beat(8)5.41%
EPS beat(12)10
Avg EPS beat(12)5.69%
EPS beat(16)12
Avg EPS beat(16)2.51%
Revenue beat(2)0
Avg Revenue beat(2)-0.61%
Min Revenue beat(2)-0.72%
Max Revenue beat(2)-0.5%
Revenue beat(4)2
Avg Revenue beat(4)0.61%
Min Revenue beat(4)-0.72%
Max Revenue beat(4)1.97%
Revenue beat(8)4
Avg Revenue beat(8)0.07%
Revenue beat(12)7
Avg Revenue beat(12)0.56%
Revenue beat(16)10
Avg Revenue beat(16)1.03%
PT rev (1m)-1.64%
PT rev (3m)0%
EPS NQ rev (1m)-0.77%
EPS NQ rev (3m)0.18%
EPS NY rev (1m)-0.23%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.84 | ||
| Fwd PE | 15.47 | ||
| P/S | 1.81 | ||
| P/FCF | 16.75 | ||
| P/OCF | 8.14 | ||
| P/B | 1.79 | ||
| P/tB | 2.09 | ||
| EV/EBITDA | 10.43 |
EPS(TTM)5.46
EY5.31%
EPS(NY)6.65
Fwd EY6.47%
FCF(TTM)6.14
FCFY5.97%
OCF(TTM)12.63
OCFY12.28%
SpS56.84
BVpS57.53
TBVpS49.25
PEG (NY)0.86
PEG (5Y)1.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.21% | ||
| ROE | 9.26% | ||
| ROCE | 8.49% | ||
| ROIC | 6.38% | ||
| ROICexc | 6.46% | ||
| ROICexgc | 7.12% | ||
| OM | 13.46% | ||
| PM (TTM) | 9.37% | ||
| GM | 32% | ||
| FCFM | 10.8% |
ROA(3y)0.51%
ROA(5y)-0.15%
ROE(3y)0.82%
ROE(5y)-0.43%
ROIC(3y)3%
ROIC(5y)2.82%
ROICexc(3y)3.03%
ROICexc(5y)2.85%
ROICexgc(3y)3.36%
ROICexgc(5y)3.28%
ROCE(3y)4%
ROCE(5y)3.76%
ROICexcg growth 3Y34.16%
ROICexcg growth 5Y3.76%
ROICexc growth 3Y36.15%
ROICexc growth 5Y6.98%
OM growth 3Y18.23%
OM growth 5Y5.13%
PM growth 3YN/A
PM growth 5Y22.35%
GM growth 3Y-1.05%
GM growth 5Y1.57%
F-Score8
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 2.78 | ||
| Debt/EBITDA | 1.44 | ||
| Cap/Depr | 160.22% | ||
| Cap/Sales | 11.42% | ||
| Interest Coverage | 8.67 | ||
| Cash Conversion | 107.95% | ||
| Profit Quality | 115.27% | ||
| Current Ratio | 1.67 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | 3.02 |
F-Score8
WACC8.23%
ROIC/WACC0.77
Cap/Depr(3y)107.27%
Cap/Depr(5y)100.45%
Cap/Sales(3y)7.85%
Cap/Sales(5y)7.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)46.77%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%24.04%
EPS Next Y21.78%
EPS Next 2Y21.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%0.39%
Revenue Next Year5%
Revenue Next 2Y5.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y45.49%
EBIT growth 3Y33.01%
EBIT growth 5Y5.97%
EBIT Next Year107.33%
EBIT Next 3Y37.04%
EBIT Next 5YN/A
FCF growth 1Y528.2%
FCF growth 3Y-22.43%
FCF growth 5Y25.16%
OCF growth 1Y258.27%
OCF growth 3Y6.69%
OCF growth 5Y9.26%