Logo image of KEX

KIRBY CORP (KEX) Stock Fundamental Analysis

NYSE:KEX - New York Stock Exchange, Inc. - US4972661064 - Common Stock

111.71  -1.1 (-0.98%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to KEX. KEX was compared to 29 industry peers in the Marine Transportation industry. KEX has an average financial health and profitability rating. KEX is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

4

1. Profitability

1.1 Basic Checks

In the past year KEX was profitable.
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.
KEX Yearly Net Income VS EBIT VS OCF VS FCFKEX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M

1.2 Ratios

With a Return On Assets value of 5.21%, KEX perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
KEX has a Return On Equity (9.26%) which is in line with its industry peers.
KEX has a Return On Invested Capital (6.38%) which is comparable to the rest of the industry.
KEX had an Average Return On Invested Capital over the past 3 years of 3.00%. This 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 RankSector 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%
KEX Yearly ROA, ROE, ROICKEX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5 -5

1.3 Margins

KEX's Profit Margin of 9.37% is on the low side compared to the rest of the industry. KEX is outperformed by 67.86% of its industry peers.
In the last couple of years the Profit Margin of KEX has grown nicely.
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 RankSector 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%
KEX Yearly Profit, Operating, Gross MarginsKEX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 30

More info and screens

6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KEX is destroying value.
The number of shares outstanding for KEX has been reduced compared to 1 year ago.
KEX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, KEX has an improved debt to assets ratio.
KEX Yearly Shares OutstandingKEX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
KEX Yearly Total Debt VS Total AssetsKEX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

2.2 Solvency

An Altman-Z score of 3.11 indicates that KEX is not in any danger for bankruptcy at the moment.
KEX has a better Altman-Z score (3.11) than 82.14% of its industry peers.
KEX has a debt to FCF ratio of 2.78. This is a good value and a sign of high solvency as KEX would need 2.78 years to pay back of all of its debts.
The Debt to FCF ratio of KEX (2.78) is better than 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 RankSector Rank
Debt/Equity 0.29
Debt/FCF 2.78
Altman-Z 3.11
ROIC/WACC0.75
WACC8.45%
KEX Yearly LT Debt VS Equity VS FCFKEX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.3 Liquidity

A Current Ratio of 1.67 indicates that KEX should not have too much problems paying its short term obligations.
KEX has a Current ratio of 1.67. This is comparable 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.
With a Quick ratio value of 1.05, KEX is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.67
Quick Ratio 1.05
KEX Yearly Current Assets VS Current LiabilitesKEX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B

More info and screens

6

3. Growth

3.1 Past

KEX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 57.88%, which is quite impressive.
The Earnings Per Share has been growing slightly by 5.11% on average over the past years.
KEX shows a small growth in Revenue. In the last year, the Revenue has grown by 7.94%.
KEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.80% yearly.
EPS 1Y (TTM)57.88%
EPS 3Y26.45%
EPS 5Y5.11%
EPS Q2Q%47.62%
Revenue 1Y (TTM)7.94%
Revenue growth 3Y12.5%
Revenue growth 5Y0.8%
Sales Q2Q%8.68%

3.2 Future

The Earnings Per Share is expected to grow by 30.13% on average over the next years. This is a very strong growth
KEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.58% yearly.
EPS Next Y48.47%
EPS Next 2Y35.64%
EPS Next 3Y30.13%
EPS Next 5YN/A
Revenue Next Year6.42%
Revenue Next 2Y6.47%
Revenue Next 3Y6.58%
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 accelerating: in the next years the growth will be better than in the last years.
KEX Yearly Revenue VS EstimatesKEX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B
KEX Yearly EPS VS EstimatesKEX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 21.44, which indicates a rather expensive current valuation of KEX.
Based on the Price/Earnings ratio, KEX is valued a bit more expensive than 75.00% of the companies in the same industry.
KEX is valuated rather cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 16.32, the valuation of KEX can be described as correct.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KEX indicates a slightly more expensive valuation: KEX is more expensive than 64.29% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.44. KEX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 21.44
Fwd PE 16.32
KEX Price Earnings VS Forward Price EarningsKEX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KEX indicates a rather expensive valuation: KEX more expensive than 82.14% of the companies listed in the same industry.
KEX's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 18.19
EV/EBITDA 11
KEX Per share dataKEX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

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 30.13% in the coming years.
PEG (NY)0.44
PEG (5Y)4.2
EPS Next 2Y35.64%
EPS Next 3Y30.13%

More info and screens

0

5. Dividend

5.1 Amount

No dividends for KEX!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

KIRBY CORP

NYSE:KEX (1/22/2025, 11:52:04 AM)

111.71

-1.1 (-0.98%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)10-30 2024-10-30/bmo
Earnings (Next)01-30 2025-01-30/amc
Inst Owners98.83%
Inst Owner Change0.41%
Ins Owners0.74%
Ins Owner Change-6.36%
Market Cap6.41B
Analysts89.09
Price Target142.36 (27.44%)
Short Float %1.65%
Short Ratio1.64
Dividend
Industry RankSector 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)-0.51%
PT rev (3m)1.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.88%
EPS NY rev (1m)0%
EPS NY rev (3m)0.18%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.99%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.75%
Valuation
Industry RankSector Rank
PE 21.44
Fwd PE 16.32
P/S 1.97
P/FCF 18.19
P/OCF 8.84
P/B 1.94
P/tB 2.27
EV/EBITDA 11
EPS(TTM)5.21
EY4.66%
EPS(NY)6.84
Fwd EY6.13%
FCF(TTM)6.14
FCFY5.5%
OCF(TTM)12.63
OCFY11.31%
SpS56.84
BVpS57.53
TBVpS49.25
PEG (NY)0.44
PEG (5Y)4.2
Profitability
Industry RankSector 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 RankSector 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 3.11
F-Score8
WACC8.45%
ROIC/WACC0.75
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)57.88%
EPS 3Y26.45%
EPS 5Y5.11%
EPS Q2Q%47.62%
EPS Next Y48.47%
EPS Next 2Y35.64%
EPS Next 3Y30.13%
EPS Next 5YN/A
Revenue 1Y (TTM)7.94%
Revenue growth 3Y12.5%
Revenue growth 5Y0.8%
Sales Q2Q%8.68%
Revenue Next Year6.42%
Revenue Next 2Y6.47%
Revenue Next 3Y6.58%
Revenue Next 5YN/A
EBIT growth 1Y45.49%
EBIT growth 3Y33.01%
EBIT growth 5Y5.97%
EBIT Next Year107.33%
EBIT Next 3Y36.88%
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%