STAR BULK CARRIERS CORP (SBLK)
MHY8162K2046 - Common Stock
Overall SBLK gets a fundamental rating of 6 out of 10. We evaluated SBLK against 27 industry peers in the Marine Transportation industry. SBLK has an average financial health and profitability rating. SBLK scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes SBLK very considerable for value investing!
1. Profitability
1.1 Basic Checks
In the past year SBLK was profitable.
SBLK had a positive operating cash flow in the past year.
SBLK had positive earnings in 4 of the past 5 years.
SBLK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.26%, SBLK is in line with its industry, outperforming 57.69% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.02%, SBLK is in line with its industry, outperforming 42.31% of the companies in the same industry.
SBLK's Return On Invested Capital of 7.76% is fine compared to the rest of the industry. SBLK outperforms 61.54% of its industry peers.
SBLK had an Average Return On Invested Capital over the past 3 years of 13.16%. This is above the industry average of 8.73%.
The last Return On Invested Capital (7.76%) for SBLK is well below the 3 year average (13.16%), which needs to be investigated, but indicates that SBLK had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.26% | ||
| ROE | 12.02% | ||
| ROIC | 7.76% |
ROA(3y)13.45%
ROA(5y)8.03%
ROE(3y)23.73%
ROE(5y)14.16%
ROIC(3y)13.17%
ROIC(5y)8.69%
1.3 Margins
The Profit Margin of SBLK (24.75%) is better than 61.54% of its industry peers.
SBLK's Profit Margin has improved in the last couple of years.
SBLK has a Operating Margin (30.15%) which is in line with its industry peers.
In the last couple of years the Operating Margin of SBLK has grown nicely.
SBLK has a Gross Margin of 52.63%. This is comparable to the rest of the industry: SBLK outperforms 42.31% of its industry peers.
SBLK's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.15% | ||
| PM (TTM) | 24.75% | ||
| GM | 52.63% |
OM growth 3Y36.77%
OM growth 5Y1.66%
PM growth 3Y135.53%
PM growth 5Y15.33%
GM growth 3Y2.59%
GM growth 5Y-5.31%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), SBLK is creating value.
The number of shares outstanding for SBLK has been reduced compared to 1 year ago.
SBLK has less shares outstanding than it did 5 years ago.
The debt/assets ratio for SBLK is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.11, we must say that SBLK is in the distress zone and has some risk of bankruptcy.
SBLK has a Altman-Z score (1.11) which is in line with its industry peers.
The Debt to FCF ratio of SBLK is 3.12, which is a good value as it means it would take SBLK, 3.12 years of fcf income to pay off all of its debts.
SBLK's Debt to FCF ratio of 3.12 is fine compared to the rest of the industry. SBLK outperforms 65.38% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that SBLK is not too dependend on debt financing.
SBLK has a Debt to Equity ratio (0.44) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 3.12 | ||
| Altman-Z | 1.11 |
ROIC/WACC1.29
WACC6.04%
2.3 Liquidity
A Current Ratio of 1.69 indicates that SBLK should not have too much problems paying its short term obligations.
With a Current ratio value of 1.69, SBLK perfoms like the industry average, outperforming 57.69% of the companies in the same industry.
A Quick Ratio of 1.50 indicates that SBLK should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.50, SBLK perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 49.28% over the past year.
Measured over the past years, SBLK shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.11% on average per year.
The Revenue has grown by 24.41% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 7.82% on average over the past years.
EPS 1Y (TTM)49.28%
EPS 3Y128.15%
EPS 5Y15.11%
EPS Q2Q%108.82%
Revenue 1Y (TTM)24.41%
Revenue growth 3Y11.05%
Revenue growth 5Y7.82%
Sales Q2Q%108.02%
3.2 Future
SBLK is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.40% yearly.
Based on estimates for the next years, SBLK will show a quite strong growth in Revenue. The Revenue will grow by 9.01% on average per year.
EPS Next Y43.23%
EPS Next 2Y31.4%
EPS Next 3Y30.38%
EPS Next 5Y14.4%
Revenue Next Year56.53%
Revenue Next 2Y29.47%
Revenue Next 3Y23.2%
Revenue Next 5Y9.01%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 4.79, the valuation of SBLK can be described as very cheap.
The rest of the industry has a similar Price/Earnings ratio as SBLK.
When comparing the Price/Earnings ratio of SBLK to the average of the S&P500 Index (27.73), we can say SBLK is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 4.51, the valuation of SBLK can be described as very cheap.
Based on the Price/Forward Earnings ratio, SBLK is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, SBLK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.79 | ||
| Fwd PE | 4.51 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SBLK.
61.54% of the companies in the same industry are more expensive than SBLK, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.05 | ||
| EV/EBITDA | 5.05 |
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.
The decent profitability rating of SBLK may justify a higher PE ratio.
SBLK's earnings are expected to grow with 30.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.11
PEG (5Y)0.32
EPS Next 2Y31.4%
EPS Next 3Y30.38%
5. Dividend
5.1 Amount
SBLK has a Yearly Dividend Yield of 16.98%, which is a nice return.
The stock price of SBLK dropped by -31.45% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 10.27, SBLK pays a better dividend. On top of this SBLK pays more dividend than 96.15% of the companies listed in the same industry.
SBLK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.98% |
5.2 History
SBLK has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of SBLK decreased recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
SBLK pays out 74.41% of its income as dividend. This is not a sustainable payout ratio.
DP74.41%
EPS Next 2Y31.4%
EPS Next 3Y30.38%
STAR BULK CARRIERS CORP
NASDAQ:SBLK (12/20/2024, 8:00:01 PM)
After market: 14.83 +0.03 (+0.2%)14.8
+0.08 (+0.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners46.12%
Inst Owner Change-16.03%
Ins Owners3.4%
Ins Owner ChangeN/A
Market Cap1.74B
Analysts80
Price Target27.26 (84.19%)
Short Float %1.59%
Short Ratio0.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.98% |
Dividend Growth(5Y)N/A
DP74.41%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-18.12%
Min EPS beat(2)-28.83%
Max EPS beat(2)-7.42%
EPS beat(4)1
Avg EPS beat(4)-8.16%
Min EPS beat(4)-28.83%
Max EPS beat(4)5.3%
EPS beat(8)4
Avg EPS beat(8)-1.36%
EPS beat(12)7
Avg EPS beat(12)2.22%
EPS beat(16)9
Avg EPS beat(16)2.44%
Revenue beat(2)2
Avg Revenue beat(2)20.45%
Min Revenue beat(2)17.15%
Max Revenue beat(2)23.76%
Revenue beat(4)4
Avg Revenue beat(4)22.81%
Min Revenue beat(4)17.15%
Max Revenue beat(4)27.23%
Revenue beat(8)6
Avg Revenue beat(8)13.31%
Revenue beat(12)10
Avg Revenue beat(12)16.27%
Revenue beat(16)14
Avg Revenue beat(16)15.57%
PT rev (1m)-4.15%
PT rev (3m)-10.85%
EPS NQ rev (1m)-61.49%
EPS NQ rev (3m)-63.42%
EPS NY rev (1m)-29.94%
EPS NY rev (3m)-32.85%
Revenue NQ rev (1m)-14.36%
Revenue NQ rev (3m)-30.07%
Revenue NY rev (1m)-9.65%
Revenue NY rev (3m)-10.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.79 | ||
| Fwd PE | 4.51 | ||
| P/S | 1.43 | ||
| P/FCF | 4.05 | ||
| P/OCF | 3.61 | ||
| P/B | 0.69 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 5.05 |
EPS(TTM)3.09
EY20.88%
EPS(NY)3.28
Fwd EY22.16%
FCF(TTM)3.65
FCFY24.66%
OCF(TTM)4.1
OCFY27.71%
SpS10.35
BVpS21.31
TBVpS21.31
PEG (NY)0.11
PEG (5Y)0.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.26% | ||
| ROE | 12.02% | ||
| ROCE | 9.83% | ||
| ROIC | 7.76% | ||
| ROICexc | 8.83% | ||
| ROICexgc | 8.83% | ||
| OM | 30.15% | ||
| PM (TTM) | 24.75% | ||
| GM | 52.63% | ||
| FCFM | 35.27% |
ROA(3y)13.45%
ROA(5y)8.03%
ROE(3y)23.73%
ROE(5y)14.16%
ROIC(3y)13.17%
ROIC(5y)8.69%
ROICexc(3y)14.74%
ROICexc(5y)9.68%
ROICexgc(3y)14.74%
ROICexgc(5y)9.68%
ROCE(3y)16.66%
ROCE(5y)11%
ROICexcg growth 3Y58.58%
ROICexcg growth 5Y11.24%
ROICexc growth 3Y58.58%
ROICexc growth 5Y11.24%
OM growth 3Y36.77%
OM growth 5Y1.66%
PM growth 3Y135.53%
PM growth 5Y15.33%
GM growth 3Y2.59%
GM growth 5Y-5.31%
F-Score8
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 3.12 | ||
| Debt/EBITDA | 2.14 | ||
| Cap/Depr | 34.49% | ||
| Cap/Sales | 4.35% | ||
| Interest Coverage | 4.6 | ||
| Cash Conversion | 92.64% | ||
| Profit Quality | 142.54% | ||
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 1.11 |
F-Score8
WACC6.04%
ROIC/WACC1.29
Cap/Depr(3y)38.18%
Cap/Depr(5y)88.89%
Cap/Sales(3y)4.26%
Cap/Sales(5y)13.09%
Profit Quality(3y)136.06%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)49.28%
EPS 3Y128.15%
EPS 5Y15.11%
EPS Q2Q%108.82%
EPS Next Y43.23%
EPS Next 2Y31.4%
EPS Next 3Y30.38%
EPS Next 5Y14.4%
Revenue 1Y (TTM)24.41%
Revenue growth 3Y11.05%
Revenue growth 5Y7.82%
Sales Q2Q%108.02%
Revenue Next Year56.53%
Revenue Next 2Y29.47%
Revenue Next 3Y23.2%
Revenue Next 5Y9.01%
EBIT growth 1Y43.54%
EBIT growth 3Y51.88%
EBIT growth 5Y9.6%
EBIT Next Year160.46%
EBIT Next 3Y48.85%
EBIT Next 5Y23.16%
FCF growth 1Y-53.38%
FCF growth 3Y47.75%
FCF growth 5YN/A
OCF growth 1Y-49.11%
OCF growth 3Y25.32%
OCF growth 5Y14.72%