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 32 industry peers in the Marine Transportation industry. Both the profitability and the financial health of KEX get a neutral evaluation. Nothing too spectacular is happening here. KEX is not valued too expensively and it also shows 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.
Each year in the past 5 years KEX had a positive operating cash flow.
1.2 Ratios
KEX has a Return On Assets (4.90%) which is comparable to the rest of the industry.
KEX has a Return On Equity (8.55%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 6.86%, KEX is in line with its industry, outperforming 59.38% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KEX is below the industry average of 8.92%.
The last Return On Invested Capital (6.86%) for KEX is above the 3 year average (4.97%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 8.55% | ||
| ROIC | 6.86% |
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
Looking at the Profit Margin, with a value of 8.78%, KEX is in line with its industry, outperforming 40.63% of the companies in the same industry.
KEX's Profit Margin has improved in the last couple of years.
KEX has a Operating Margin of 13.88%. This is in the lower half of the industry: KEX underperforms 65.63% of its industry peers.
KEX's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 32.63%, KEX is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
KEX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.88% | ||
| PM (TTM) | 8.78% | ||
| GM | 32.63% |
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
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.
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 2.92 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 (2.92) than 90.63% of its industry peers.
The Debt to FCF ratio of KEX is 2.11, which is a good value as it means it would take KEX, 2.11 years of fcf income to pay off all of its debts.
KEX has a Debt to FCF ratio of 2.11. This is in the better half of the industry: KEX outperforms 78.13% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that KEX is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.26, KEX is doing good in the industry, outperforming 68.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.11 | ||
| Altman-Z | 2.92 |
ROIC/WACC0.84
WACC8.21%
2.3 Liquidity
A Current Ratio of 1.45 indicates that KEX should not have too much problems paying its short term obligations.
KEX has a Current ratio of 1.45. This is comparable to the rest of the industry: KEX outperforms 59.38% of its industry peers.
A Quick Ratio of 0.92 indicates that KEX may have some problems paying its short term obligations.
KEX has a worse Quick ratio (0.92) than 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 46.77% over the past year.
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.
Looking at the last year, KEX shows a small growth in Revenue. The Revenue has grown by 5.64% in the last year.
Measured over the past years, KEX shows a small growth in Revenue. The Revenue has been growing by 2.85% on average per year.
EPS 1Y (TTM)46.77%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%24.04%
Revenue 1Y (TTM)5.64%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
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 20.04% yearly.
KEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.24% yearly.
EPS Next Y20.55%
EPS Next 2Y20.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.97%
Revenue Next 2Y5.24%
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.
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
Based on the Price/Earnings ratio of 17.73, the valuation of KEX can be described as rather expensive.
Based on the Price/Earnings ratio, KEX is valued a bit more expensive than 62.50% of the companies in the same industry.
KEX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.79.
A Price/Forward Earnings ratio of 14.70 indicates a correct valuation of KEX.
KEX's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.38. KEX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.73 | ||
| Fwd PE | 14.7 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KEX is valued a bit more expensive than the industry average as 62.50% of the companies are valued more cheaply.
KEX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.31 | ||
| EV/EBITDA | 9.09 |
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 20.04% in the coming years.
PEG (NY)0.86
PEG (5Y)1.32
EPS Next 2Y20.04%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for KEX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
96.78
-1.42 (-1.45%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners99.14%
Inst Owner Change-56.81%
Ins Owners0.72%
Ins Owner Change-1.33%
Market Cap5.51B
Analysts89.09
Price Target134.49 (38.96%)
Short Float %2.86%
Short Ratio2.8
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)1.77%
Min EPS beat(2)-0.86%
Max EPS beat(2)4.4%
EPS beat(4)3
Avg EPS beat(4)7.63%
Min EPS beat(4)-0.86%
Max EPS beat(4)19.74%
EPS beat(8)6
Avg EPS beat(8)5.93%
EPS beat(12)9
Avg EPS beat(12)5.19%
EPS beat(16)11
Avg EPS beat(16)-1.13%
Revenue beat(2)0
Avg Revenue beat(2)-0.83%
Min Revenue beat(2)-1.16%
Max Revenue beat(2)-0.5%
Revenue beat(4)1
Avg Revenue beat(4)-0.1%
Min Revenue beat(4)-1.16%
Max Revenue beat(4)1.97%
Revenue beat(8)3
Avg Revenue beat(8)-0.23%
Revenue beat(12)7
Avg Revenue beat(12)0.56%
Revenue beat(16)10
Avg Revenue beat(16)1.04%
PT rev (1m)-2.64%
PT rev (3m)-5.53%
EPS NQ rev (1m)-1.15%
EPS NQ rev (3m)-9.67%
EPS NY rev (1m)-1.01%
EPS NY rev (3m)-3.84%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)-3.53%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-1.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.73 | ||
| Fwd PE | 14.7 | ||
| P/S | 1.69 | ||
| P/FCF | 13.31 | ||
| P/OCF | 7.28 | ||
| P/B | 1.64 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | 9.09 |
EPS(TTM)5.46
EY5.64%
EPS(NY)6.58
Fwd EY6.8%
FCF(TTM)7.27
FCFY7.51%
OCF(TTM)13.3
OCFY13.74%
SpS57.4
BVpS58.91
TBVpS50.59
PEG (NY)0.86
PEG (5Y)1.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.9% | ||
| ROE | 8.55% | ||
| ROCE | 8.86% | ||
| ROIC | 6.86% | ||
| ROICexc | 6.96% | ||
| ROICexgc | 7.68% | ||
| OM | 13.88% | ||
| PM (TTM) | 8.78% | ||
| GM | 32.63% | ||
| FCFM | 12.67% |
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-Score8
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 2.11 | ||
| Debt/EBITDA | 1.25 | ||
| Cap/Depr | 142.58% | ||
| Cap/Sales | 10.49% | ||
| Interest Coverage | 9.24 | ||
| Cash Conversion | 109.08% | ||
| Profit Quality | 144.36% | ||
| Current Ratio | 1.45 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z | 2.92 |
F-Score8
WACC8.21%
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)46.77%
EPS 3Y104.33%
EPS 5Y13.41%
EPS Q2Q%24.04%
EPS Next Y20.55%
EPS Next 2Y20.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)5.64%
Revenue growth 3Y13.28%
Revenue growth 5Y2.85%
Sales Q2Q%0.39%
Revenue Next Year4.97%
Revenue Next 2Y5.24%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y35.91%
EBIT growth 3Y80.63%
EBIT growth 5Y13.97%
EBIT Next Year70.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y198.8%
FCF growth 3Y22.78%
FCF growth 5Y9.44%
OCF growth 1Y40.03%
OCF growth 3Y32.99%
OCF growth 5Y8.13%