STAR BULK CARRIERS CORP (SBLK) Stock Fundamental Analysis
NASDAQ:SBLK - Nasdaq - MHY8162K2046 - Common Stock
Taking everything into account, SBLK scores 6 out of 10 in our fundamental rating. SBLK was compared to 29 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 may be a bit undervalued, certainly considering the very reasonable score on growth These ratings would make SBLK suitable for value investing!
1. Profitability
1.1 Basic Checks
SBLK had positive earnings in the past year.
In the past year SBLK had a positive cash flow from operations.
Of the past 5 years SBLK 4 years were profitable.
In the past 5 years SBLK always reported a positive cash flow from operatings.
1.2 Ratios
SBLK has a better Return On Assets (7.26%) than 60.71% of its industry peers.
SBLK has a Return On Equity (12.02%) which is comparable to the rest of the industry.
SBLK has a better Return On Invested Capital (7.76%) than 64.29% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SBLK is above the industry average of 8.54%.
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
SBLK has a better Profit Margin (24.75%) than 64.29% of its industry peers.
SBLK's Profit Margin has improved in the last couple of years.
SBLK's Operating Margin of 30.15% is in line compared to the rest of the industry. SBLK outperforms 53.57% of its industry peers.
In the last couple of years the Operating Margin of SBLK has grown nicely.
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 declined.
| 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.
SBLK has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SBLK has less shares outstanding
Compared to 1 year ago, SBLK has a worse debt to assets ratio.
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.
With a Altman-Z score value of 1.11, SBLK perfoms like the industry average, outperforming 42.86% of the companies in the same 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.
With a decent Debt to FCF ratio value of 3.12, SBLK is doing good in the industry, outperforming 67.86% 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 (0.44) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 3.12 | ||
| Altman-Z | 1.11 |
ROIC/WACC1.27
WACC6.09%
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 60.71% 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.
Looking at the Quick ratio, with a value of 1.50, SBLK is in line with its industry, outperforming 46.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
SBLK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.28%, which is quite impressive.
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.
SBLK shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.41%.
SBLK shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.82% yearly.
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
Based on estimates for the next years, SBLK will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.40% on average per year.
SBLK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.01% yearly.
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
SBLK is valuated cheaply with a Price/Earnings ratio of 4.71.
SBLK's Price/Earnings is on the same level as the industry average.
SBLK's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.29.
The Price/Forward Earnings ratio is 4.44, which indicates a rather cheap valuation of SBLK.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SBLK indicates a somewhat cheap valuation: SBLK is cheaper than 64.29% of the companies listed in the same industry.
SBLK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.71 | ||
| Fwd PE | 4.44 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SBLK.
SBLK's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SBLK is cheaper than 64.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.99 | ||
| EV/EBITDA | 5.02 |
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.
SBLK has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SBLK's earnings are expected to grow with 30.38% in the coming years.
PEG (NY)0.11
PEG (5Y)0.31
EPS Next 2Y31.4%
EPS Next 3Y30.38%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 16.98%, SBLK is a good candidate for dividend investing.
In the last 3 months the price of SBLK has falen by -24.13%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
SBLK's Dividend Yield is rather good when compared to the industry average which is at 9.88. SBLK pays more dividend than 96.43% of the companies in the same industry.
SBLK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| 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 (1/22/2025, 11:46:07 AM)
14.56
-0.12 (-0.82%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners46.12%
Inst Owner Change-1.97%
Ins Owners3.4%
Ins Owner ChangeN/A
Market Cap1.72B
Analysts80
Price Target27.26 (87.23%)
Short Float %1.76%
Short Ratio0.96
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.98% |
Yearly Dividend1.69
Dividend Growth(5Y)N/A
DP74.41%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)-9.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-63.42%
EPS NY rev (1m)0%
EPS NY rev (3m)-32.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-30.07%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.71 | ||
| Fwd PE | 4.44 | ||
| P/S | 1.41 | ||
| P/FCF | 3.99 | ||
| P/OCF | 3.55 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 5.02 |
EPS(TTM)3.09
EY21.22%
EPS(NY)3.28
Fwd EY22.53%
FCF(TTM)3.65
FCFY25.07%
OCF(TTM)4.1
OCFY28.16%
SpS10.35
BVpS21.31
TBVpS21.31
PEG (NY)0.11
PEG (5Y)0.31
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
WACC6.09%
ROIC/WACC1.27
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 Year117.51%
EBIT Next 3Y43.54%
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%