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. Both the profitability and the financial health of SBLK get a neutral evaluation. Nothing too spectacular is happening here. SBLK is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make SBLK a good candidate 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.
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 Return On Assets (6.24%) which is comparable to the rest of the industry.
SBLK has a Return On Equity (10.75%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 6.63%, SBLK is in line with its industry, outperforming 53.85% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SBLK is significantly above the industry average of 7.77%.
The 3 year average ROIC (13.16%) for SBLK is well above the current ROIC(6.63%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.24% | ||
| ROE | 10.75% | ||
| ROIC | 6.63% |
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's Profit Margin of 24.06% is fine compared to the rest of the industry. SBLK outperforms 65.38% of its industry peers.
In the last couple of years the Profit Margin of SBLK has grown nicely.
SBLK's Operating Margin of 28.72% is in line compared to the rest of the industry. SBLK outperforms 57.69% of its industry peers.
SBLK's Operating Margin has improved in the last couple of years.
SBLK's Gross Margin of 51.24% is in line compared to the rest of the industry. SBLK outperforms 50.00% of its industry peers.
SBLK's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.72% | ||
| PM (TTM) | 24.06% | ||
| GM | 51.24% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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
SBLK has an Altman-Z score of 1.14. This is a bad value and indicates that SBLK is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.14, SBLK perfoms like the industry average, outperforming 46.15% of the companies in the same industry.
The Debt to FCF ratio of SBLK is 4.03, which is a neutral value as it means it would take SBLK, 4.03 years of fcf income to pay off all of its debts.
SBLK has a Debt to FCF ratio of 4.03. This is in the better half of the industry: SBLK outperforms 73.08% of its industry peers.
SBLK has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.48, SBLK perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.03 | ||
| Altman-Z | 1.14 |
ROIC/WACC1.06
WACC6.25%
2.3 Liquidity
A Current Ratio of 1.51 indicates that SBLK should not have too much problems paying its short term obligations.
SBLK's Current ratio of 1.51 is in line compared to the rest of the industry. SBLK outperforms 46.15% of its industry peers.
SBLK has a Quick Ratio of 1.34. This is a normal value and indicates that SBLK is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SBLK (1.34) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.34 |
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.
SBLK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.11% yearly.
Looking at the last year, SBLK shows a very negative growth in Revenue. The Revenue has decreased by -33.95% in the last year.
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)-33.95%
Revenue growth 3Y11.05%
Revenue growth 5Y7.82%
Sales Q2Q%108.02%
3.2 Future
The Earnings Per Share is expected to grow by 14.40% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.01% on average over the next years. This is quite good.
EPS Next Y104.45%
EPS Next 2Y56.32%
EPS Next 3Y37.59%
EPS Next 5Y14.4%
Revenue Next Year73.25%
Revenue Next 2Y37.47%
Revenue Next 3Y24.21%
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
Based on the Price/Earnings ratio of 6.06, the valuation of SBLK can be described as very cheap.
The rest of the industry has a similar Price/Earnings ratio as SBLK.
Compared to an average S&P500 Price/Earnings ratio of 28.96, SBLK is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.03, 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 69.23% of the companies 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 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.06 | ||
| Fwd PE | 4.03 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SBLK indicates a slightly more expensive valuation: SBLK is more expensive than 65.38% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SBLK indicates a somewhat cheap valuation: SBLK is cheaper than 73.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.05 | ||
| EV/EBITDA | 7.13 |
4.3 Compensation for Growth
SBLK's 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 37.59% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.06
PEG (5Y)0.4
EPS Next 2Y56.32%
EPS Next 3Y37.59%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.58%, SBLK is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.49, SBLK pays a better dividend. On top of this SBLK pays more dividend than 88.46% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, SBLK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.58% |
5.2 History
SBLK has been paying a dividend for at least 10 years, so it has a reliable track record.
SBLK has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
SBLK pays out 69.11% of its income as dividend. This is not a sustainable payout ratio.
DP69.11%
EPS Next 2Y56.32%
EPS Next 3Y37.59%
STAR BULK CARRIERS CORP
NASDAQ:SBLK (11/21/2024, 8:00:02 PM)
After market: 18.73 +0.02 (+0.11%)18.71
-0.26 (-1.37%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.58% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.06 | ||
| Fwd PE | 4.03 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.06
PEG (5Y)0.4
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.24% | ||
| ROE | 10.75% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 28.72% | ||
| PM (TTM) | 24.06% | ||
| GM | 51.24% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.26
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)49.28%
EPS 3Y128.15%
EPS 5Y
EPS Q2Q%
EPS Next Y104.45%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-33.95%
Revenue growth 3Y11.05%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y