KIRBY CORP (KEX) Stock Fundamental Analysis
USA - NYSE:KEX - US4972661064 - Common Stock
84.05 USD
+0.01 (+0.01%)
84.05 USD
0 (0%)
KEX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 35 industry peers in the Marine Transportation industry. KEX has an average financial health and profitability rating. KEX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
KEX had positive earnings in the past year.
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.
KEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
KEX has a better Return On Assets (4.98%) than 71.43% of its industry peers.
KEX has a better Return On Equity (8.94%) than 65.71% of its industry peers.
KEX has a Return On Invested Capital of 6.70%. This is in the better half of the industry: KEX outperforms 68.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KEX is below the industry average of 7.67%.
The last Return On Invested Capital (6.70%) for KEX is above the 3 year average (4.97%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 8.94% | ||
| ROIC | 6.7% |
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 of 9.25%. This is comparable to the rest of the industry: KEX outperforms 54.29% of its industry peers.
KEX's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 14.27%, KEX perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
KEX's Operating Margin has improved in the last couple of years.
The Gross Margin of KEX (33.70%) is worse than 65.71% of its industry peers.
KEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.27% | ||
| PM (TTM) | 9.25% | ||
| GM | 33.7% |
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.
The number of shares outstanding for KEX has been reduced compared to 1 year ago.
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
An Altman-Z score of 2.66 indicates that KEX is not a great score, but indicates only limited risk for bankruptcy at the moment.
KEX has a better Altman-Z score (2.66) than 82.86% of its industry peers.
KEX has a debt to FCF ratio of 4.28. This is a neutral value as KEX would need 4.28 years to pay back of all of its debts.
The Debt to FCF ratio of KEX (4.28) is better than 71.43% of its industry peers.
A Debt/Equity ratio of 0.33 indicates that KEX is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.33, KEX is doing good in the industry, outperforming 68.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 4.28 | ||
| Altman-Z | 2.66 |
ROIC/WACC0.84
WACC7.96%
2.3 Liquidity
A Current Ratio of 1.74 indicates that KEX should not have too much problems paying its short term obligations.
KEX's Current ratio of 1.74 is fine compared to the rest of the industry. KEX outperforms 62.86% of its industry peers.
A Quick Ratio of 1.12 indicates that KEX should not have too much problems paying its short term obligations.
The Quick ratio of KEX (1.12) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
KEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.99%, which is quite impressive.
The Earnings Per Share has been growing by 13.41% on average over the past years. This is quite good.
The Revenue has been growing slightly by 2.45% in the past year.
The Revenue has been growing slightly by 2.85% on average over the past years.
EPS 1Y (TTM)23.99%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%16.78%
Revenue 1Y (TTM)2.45%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%3.77%
3.2 Future
Based on estimates for the next years, KEX will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.58% on average per year.
The Revenue is expected to grow by 6.27% on average over the next years.
EPS Next Y16.77%
EPS Next 2Y15.07%
EPS Next 3Y10.58%
EPS Next 5YN/A
Revenue Next Year2.42%
Revenue Next 2Y3.37%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.39, KEX is valued correctly.
KEX's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.38. KEX is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 11.63, the valuation of KEX can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KEX is on the same level as its industry peers.
KEX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.39 | ||
| Fwd PE | 11.63 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KEX is on the same level as its industry peers.
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 | 17.96 | ||
| EV/EBITDA | 7.97 |
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.
KEX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.86
PEG (5Y)1.07
EPS Next 2Y15.07%
EPS Next 3Y10.58%
5. Dividend
5.1 Amount
KEX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
84.05
+0.01 (+0.01%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners101.64%
Inst Owner Change1.8%
Ins Owners0.73%
Ins Owner Change1.6%
Market Cap4.69B
Analysts88
Price Target125.05 (48.78%)
Short Float %4.85%
Short Ratio3.27
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)1.29%
Min EPS beat(2)-0.03%
Max EPS beat(2)2.61%
EPS beat(4)2
Avg EPS beat(4)1.53%
Min EPS beat(4)-0.86%
Max EPS beat(4)4.4%
EPS beat(8)5
Avg EPS beat(8)4.35%
EPS beat(12)8
Avg EPS beat(12)4.48%
EPS beat(16)11
Avg EPS beat(16)2.28%
Revenue beat(2)0
Avg Revenue beat(2)-2.8%
Min Revenue beat(2)-5.08%
Max Revenue beat(2)-0.52%
Revenue beat(4)0
Avg Revenue beat(4)-1.81%
Min Revenue beat(4)-5.08%
Max Revenue beat(4)-0.5%
Revenue beat(8)2
Avg Revenue beat(8)-1.1%
Revenue beat(12)5
Avg Revenue beat(12)-0.42%
Revenue beat(16)8
Avg Revenue beat(16)0.19%
PT rev (1m)-2.31%
PT rev (3m)-4.22%
EPS NQ rev (1m)-2.01%
EPS NQ rev (3m)-8%
EPS NY rev (1m)-3.27%
EPS NY rev (3m)-3.75%
Revenue NQ rev (1m)-0.9%
Revenue NQ rev (3m)-2.89%
Revenue NY rev (1m)-1.11%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.39 | ||
| Fwd PE | 11.63 | ||
| P/S | 1.43 | ||
| P/FCF | 17.96 | ||
| P/OCF | 8.03 | ||
| P/B | 1.38 | ||
| P/tB | 1.61 | ||
| EV/EBITDA | 7.97 |
EPS(TTM)5.84
EY6.95%
EPS(NY)7.23
Fwd EY8.6%
FCF(TTM)4.68
FCFY5.57%
OCF(TTM)10.47
OCFY12.46%
SpS58.68
BVpS60.72
TBVpS52.26
PEG (NY)0.86
PEG (5Y)1.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.98% | ||
| ROE | 8.94% | ||
| ROCE | 8.65% | ||
| ROIC | 6.7% | ||
| ROICexc | 6.79% | ||
| ROICexgc | 7.45% | ||
| OM | 14.27% | ||
| PM (TTM) | 9.25% | ||
| GM | 33.7% | ||
| FCFM | 7.97% |
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 | 4.28 | ||
| Debt/EBITDA | 1.54 | ||
| Cap/Depr | 127.96% | ||
| Cap/Sales | 9.87% | ||
| Interest Coverage | 10.22 | ||
| Cash Conversion | 81.16% | ||
| Profit Quality | 86.18% | ||
| Current Ratio | 1.74 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.66 |
F-Score7
WACC7.96%
ROIC/WACC0.84
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)23.99%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%16.78%
EPS Next Y16.77%
EPS Next 2Y15.07%
EPS Next 3Y10.58%
EPS Next 5YN/A
Revenue 1Y (TTM)2.45%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%3.77%
Revenue Next Year2.42%
Revenue Next 2Y3.37%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
EBIT growth 1Y14.34%
EBIT growth 3Y80.63%
EBIT growth 5Y13.97%
EBIT Next Year67.14%
EBIT Next 3Y22.83%
EBIT Next 5YN/A
FCF growth 1Y61.49%
FCF growth 3Y22.78%
FCF growth 5Y9.44%
OCF growth 1Y37.04%
OCF growth 3Y32.99%
OCF growth 5Y8.13%