STAR BULK CARRIERS CORP (SBLK) Stock Fundamental Analysis
NASDAQ:SBLK - Nasdaq - MHY8162K2046 - Common Stock - Currency: USD
Overall SBLK gets a fundamental rating of 6 out of 10. We evaluated SBLK against 30 industry peers in the Marine Transportation industry. Both the profitability and the financial health of SBLK get a neutral evaluation. Nothing too spectacular is happening here. SBLK is growing strongly while it is still valued neutral. This is a good combination! These ratings would make SBLK suitable for growth 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.
Each year in the past 5 years SBLK has been profitable.
SBLK had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SBLK has a Return On Assets of 7.26%. This is in the better half of the industry: SBLK outperforms 70.00% of its industry peers.
SBLK has a Return On Equity of 12.02%. This is comparable to the rest of the industry: SBLK outperforms 56.67% of its industry peers.
The Return On Invested Capital of SBLK (7.76%) is better than 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SBLK is in line with the industry average of 9.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.26% | ||
| ROE | 12.02% | ||
| ROIC | 7.76% |
ROA(3y)9.89%
ROA(5y)9.62%
ROE(3y)16.92%
ROE(5y)16.82%
ROIC(3y)10.09%
ROIC(5y)9.77%
1.3 Margins
SBLK's Profit Margin of 24.75% is fine compared to the rest of the industry. SBLK outperforms 63.33% of its industry peers.
In the last couple of years the Profit Margin of SBLK has declined.
SBLK has a Operating Margin of 30.15%. This is comparable to the rest of the industry: SBLK outperforms 56.67% of its industry peers.
SBLK's Operating Margin has improved in the last couple of years.
SBLK has a Gross Margin (52.63%) which is in line with its industry peers.
In the last couple of years the Gross Margin of SBLK has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 30.15% | ||
| PM (TTM) | 24.75% | ||
| GM | 52.63% |
OM growth 3Y-18.56%
OM growth 5Y23.9%
PM growth 3Y-20.37%
PM growth 5YN/A
GM growth 3Y-8.46%
GM growth 5Y1.87%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SBLK is still creating some value.
Compared to 1 year ago, SBLK has more shares outstanding
SBLK has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SBLK has an improved debt to assets ratio.
2.2 Solvency
SBLK has an Altman-Z score of 1.06. This is a bad value and indicates that SBLK is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of SBLK (1.06) is comparable to the rest of the industry.
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.
Looking at the Debt to FCF ratio, with a value of 3.12, SBLK is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
SBLK has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
SBLK has a Debt to Equity ratio of 0.44. This is in the better half of the industry: SBLK outperforms 63.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 3.12 | ||
| Altman-Z | 1.06 |
ROIC/WACC1.03
WACC7.55%
2.3 Liquidity
SBLK has a Current Ratio of 1.69. This is a normal value and indicates that SBLK is financially healthy and should not expect problems in meeting its short term obligations.
SBLK's Current ratio of 1.69 is fine compared to the rest of the industry. SBLK outperforms 73.33% of its industry peers.
SBLK has a Quick Ratio of 1.50. This is a normal value and indicates that SBLK is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.50, SBLK is doing good in the industry, outperforming 76.67% 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 42.11% over the past year.
SBLK shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 59.69% yearly.
Looking at the last year, SBLK shows a very strong growth in Revenue. The Revenue has grown by 33.31%.
The Revenue has been growing by 9.03% on average over the past years. This is quite good.
EPS 1Y (TTM)42.11%
EPS 3Y-26.39%
EPS 5Y59.69%
EPS Q2Q%-53.42%
Revenue 1Y (TTM)33.31%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%17.25%
3.2 Future
SBLK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 23.94% yearly.
The Revenue is expected to grow by 8.02% on average over the next years. This is quite good.
EPS Next Y-25.28%
EPS Next 2Y11.46%
EPS Next 3Y23.94%
EPS Next 5YN/A
Revenue Next Year0.1%
Revenue Next 2Y8.79%
Revenue Next 3Y8.02%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 5.11, which indicates a rather cheap valuation of SBLK.
Compared to the rest of the industry, the Price/Earnings ratio of SBLK is on the same level as its industry peers.
SBLK is valuated 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 6.83, the valuation of SBLK can be described as very cheap.
SBLK's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SBLK is cheaper than 73.33% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.08, SBLK is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.11 | ||
| Fwd PE | 6.83 |
4.2 Price Multiples
SBLK's Enterprise Value to EBITDA is on the same level as the industry average.
SBLK's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SBLK is cheaper than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.75 | ||
| EV/EBITDA | 4.69 |
4.3 Compensation for Growth
SBLK has a very decent profitability rating, which may justify a higher PE ratio.
SBLK's earnings are expected to grow with 23.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.09
EPS Next 2Y11.46%
EPS Next 3Y23.94%
5. Dividend
5.1 Amount
SBLK has a Yearly Dividend Yield of 15.52%, which is a nice return.
SBLK's Dividend Yield is rather good when compared to the industry average which is at 48.54. SBLK pays more dividend than 90.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.57, SBLK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.52% |
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
74.41% of the earnings are spent on dividend by SBLK. This is not a sustainable payout ratio.
DP74.41%
EPS Next 2Y11.46%
EPS Next 3Y23.94%
13.79
+0.24 (+1.77%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners35.1%
Inst Owner Change0%
Ins Owners3.43%
Ins Owner ChangeN/A
Market Cap1.62B
Analysts81.43
Price Target21.71 (57.43%)
Short Float %2.82%
Short Ratio1.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 15.52% |
Yearly Dividend1.69
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)0%
PT rev (3m)-20.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.43%
EPS NY rev (1m)-26.69%
EPS NY rev (3m)-38.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.38%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-11.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.11 | ||
| Fwd PE | 6.83 | ||
| P/S | 1.32 | ||
| P/FCF | 3.75 | ||
| P/OCF | 3.34 | ||
| P/B | 0.64 | ||
| P/tB | 0.64 | ||
| EV/EBITDA | 4.69 |
EPS(TTM)2.7
EY19.58%
EPS(NY)2.02
Fwd EY14.63%
FCF(TTM)3.67
FCFY26.64%
OCF(TTM)4.13
OCFY29.93%
SpS10.42
BVpS21.44
TBVpS21.44
PEG (NY)N/A
PEG (5Y)0.09
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)9.89%
ROA(5y)9.62%
ROE(3y)16.92%
ROE(5y)16.82%
ROIC(3y)10.09%
ROIC(5y)9.77%
ROICexc(3y)11.17%
ROICexc(5y)10.95%
ROICexgc(3y)11.17%
ROICexgc(5y)10.95%
ROCE(3y)12.78%
ROCE(5y)12.37%
ROICexcg growth 3Y-23.71%
ROICexcg growth 5Y31.21%
ROICexc growth 3Y-23.71%
ROICexc growth 5Y31.21%
OM growth 3Y-18.56%
OM growth 5Y23.9%
PM growth 3Y-20.37%
PM growth 5YN/A
GM growth 3Y-8.46%
GM growth 5Y1.87%
F-Score8
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 3.12 | ||
| Debt/EBITDA | 2.09 | ||
| Cap/Depr | 32% | ||
| Cap/Sales | 4.35% | ||
| Interest Coverage | 4.6 | ||
| Cash Conversion | 90.56% | ||
| Profit Quality | 142.54% | ||
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 1.06 |
F-Score8
WACC7.55%
ROIC/WACC1.03
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)42.11%
EPS 3Y-26.39%
EPS 5Y59.69%
EPS Q2Q%-53.42%
EPS Next Y-25.28%
EPS Next 2Y11.46%
EPS Next 3Y23.94%
EPS Next 5YN/A
Revenue 1Y (TTM)33.31%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%17.25%
Revenue Next Year0.1%
Revenue Next 2Y8.79%
Revenue Next 3Y8.02%
Revenue Next 5YN/A
EBIT growth 1Y43.54%
EBIT growth 3Y-21.76%
EBIT growth 5Y35.09%
EBIT Next Year23.47%
EBIT Next 3Y30.86%
EBIT Next 5YN/A
FCF growth 1Y24.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y32.99%
OCF growth 3YN/A
OCF growth 5YN/A