21.4 USD
-0.05 (-0.23%)
21.5003 USD
+0.1 (+0.47%)
We assign a fundamental rating of 4 out of 10 to SBLK. SBLK was compared to 35 industry peers in the Marine Transportation industry. SBLK has only an average score on both its financial health and profitability. SBLK has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- SBLK had positive earnings in the past year.
- SBLK had a positive operating cash flow in the past year.
- SBLK had positive earnings in each of the past 5 years.
- In the past 5 years SBLK always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 1.62%, SBLK is in line with its industry, outperforming 54.29% of the companies in the same industry.
- SBLK has a Return On Equity of 2.54%. This is comparable to the rest of the industry: SBLK outperforms 51.43% of its industry peers.
- The Return On Invested Capital of SBLK (2.87%) is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for SBLK is above the industry average of 7.59%.
- The 3 year average ROIC (10.09%) for SBLK is well above the current ROIC(2.87%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.62% | ||
| ROE | 2.54% | ||
| ROIC | 2.87% |
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 has a Profit Margin (5.85%) which is in line with its industry peers.
- SBLK's Profit Margin has declined in the last couple of years.
- With a Operating Margin value of 11.81%, SBLK perfoms like the industry average, outperforming 51.43% of the companies in the same industry.
- SBLK's Operating Margin has improved in the last couple of years.
- The Gross Margin of SBLK (43.32%) is comparable to the rest of the industry.
- SBLK's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.81% | ||
| PM (TTM) | 5.85% | ||
| GM | 43.32% |
OM growth 3Y-18.56%
OM growth 5Y23.9%
PM growth 3Y-20.37%
PM growth 5YN/A
GM growth 3Y-7.71%
GM growth 5Y2.37%
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.
- SBLK has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for SBLK has been increased compared to 5 years ago.
- The debt/assets ratio for SBLK has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 1.31, we must say that SBLK is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of SBLK (1.31) is comparable to the rest of the industry.
- SBLK has a debt to FCF ratio of 4.48. This is a neutral value as SBLK would need 4.48 years to pay back of all of its debts.
- SBLK has a better Debt to FCF ratio (4.48) than 77.14% of its industry peers.
- SBLK has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
- SBLK's Debt to Equity ratio of 0.36 is in line compared to the rest of the industry. SBLK outperforms 57.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | 4.48 | ||
| Altman-Z | 1.31 |
ROIC/WACC0.35
WACC8.25%
2.3 Liquidity
- A Current Ratio of 1.72 indicates that SBLK should not have too much problems paying its short term obligations.
- SBLK has a Current ratio (1.72) which is in line with its industry peers.
- A Quick Ratio of 1.56 indicates that SBLK should not have too much problems paying its short term obligations.
- SBLK has a Quick ratio (1.56) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.56 |
3. Growth
3.1 Past
- The earnings per share for SBLK have decreased strongly by -78.64% in the last 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 negative growth in Revenue. The Revenue has decreased by -13.87% in the last year.
- The Revenue has been growing by 9.03% on average over the past years. This is quite good.
EPS 1Y (TTM)-78.64%
EPS 3Y-26.39%
EPS 5Y59.69%
EPS Q2Q%-60.56%
Revenue 1Y (TTM)-13.87%
Revenue growth 3Y-3.93%
Revenue growth 5Y9.03%
Sales Q2Q%-36.93%
3.2 Future
- The Earnings Per Share is expected to grow by 2.81% on average over the next years.
- The Revenue is expected to decrease by -1.63% on average over the next years.
EPS Next Y-65.62%
EPS Next 2Y4.49%
EPS Next 3Y7.22%
EPS Next 5Y2.81%
Revenue Next Year-9.89%
Revenue Next 2Y1.28%
Revenue Next 3Y2.32%
Revenue Next 5Y-1.63%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 32.42, SBLK can be considered very expensive at the moment.
- SBLK's Price/Earnings is on the same level as the industry average.
- SBLK's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.21.
- A Price/Forward Earnings ratio of 7.26 indicates a rather cheap valuation of SBLK.
- Based on the Price/Forward Earnings ratio, SBLK is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
- SBLK's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.42 | ||
| Fwd PE | 7.26 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as SBLK.
- 71.43% 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 | 10.24 | ||
| EV/EBITDA | 9.49 |
4.3 Compensation for Growth
- The decent profitability rating of SBLK may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.54
EPS Next 2Y4.49%
EPS Next 3Y7.22%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.44%, SBLK has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 5.35, SBLK has a dividend in line with its industry peers.
- Compared to the average S&P500 Dividend Yield of 1.82, SBLK is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.44% |
5.2 History
- The dividend of SBLK is nicely growing with an annual growth rate of 121.96%!
- SBLK has paid a dividend for at least 10 years, which is a reliable track record.
- SBLK has decreased its dividend recently.
Dividend Growth(5Y)121.96%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- SBLK pays out 150.72% of its income as dividend. This is not a sustainable payout ratio.
- SBLK's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP150.72%
EPS Next 2Y4.49%
EPS Next 3Y7.22%
STAR BULK CARRIERS CORP / SBLK FAQ
What is the ChartMill fundamental rating of STAR BULK CARRIERS CORP (SBLK) stock?
ChartMill assigns a fundamental rating of 4 / 10 to SBLK.
What is the valuation status for SBLK stock?
ChartMill assigns a valuation rating of 5 / 10 to STAR BULK CARRIERS CORP (SBLK). This can be considered as Fairly Valued.
How profitable is STAR BULK CARRIERS CORP (SBLK) stock?
STAR BULK CARRIERS CORP (SBLK) has a profitability rating of 6 / 10.
What is the valuation of STAR BULK CARRIERS CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for STAR BULK CARRIERS CORP (SBLK) is 32.42 and the Price/Book (PB) ratio is 1.01.
Is the dividend of STAR BULK CARRIERS CORP sustainable?
The dividend rating of STAR BULK CARRIERS CORP (SBLK) is 3 / 10 and the dividend payout ratio is 150.72%.