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 only an average score on both its financial health and profitability. SBLK scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, SBLK could be worth investigating further for value investing!.
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.
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
With a Return On Assets value of 6.24%, SBLK perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
SBLK has a Return On Equity (10.75%) which is in line with its industry peers.
With a Return On Invested Capital value of 6.63%, SBLK perfoms like the industry average, 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 7.84%.
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
Looking at the Profit Margin, with a value of 24.06%, SBLK is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
In the last couple of years the Profit Margin of SBLK has grown nicely.
SBLK has a Operating Margin of 28.72%. This is comparable to the rest of the industry: SBLK outperforms 57.69% of its industry peers.
In the last couple of years the Operating Margin of SBLK has grown nicely.
With a Gross Margin value of 51.24%, SBLK perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of SBLK has declined.
| 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.
Compared to 1 year ago, SBLK has less shares outstanding
Compared to 5 years ago, SBLK has less shares outstanding
SBLK has a worse debt/assets ratio than last year.
2.2 Solvency
SBLK has an Altman-Z score of 1.20. This is a bad value and indicates that SBLK is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.20, SBLK is in line with its industry, 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.
Looking at the Debt to FCF ratio, with a value of 4.03, SBLK is in the better half of the industry, outperforming 73.08% of the companies in the same industry.
A Debt/Equity ratio of 0.48 indicates that SBLK is not too dependend on debt financing.
SBLK has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: SBLK outperforms 53.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.03 | ||
| Altman-Z | 1.2 |
ROIC/WACC1.05
WACC6.33%
2.3 Liquidity
SBLK has a Current Ratio of 1.51. This is a normal value and indicates that SBLK is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of SBLK (1.51) is comparable to the rest of the industry.
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.
SBLK's Quick ratio of 1.34 is in line compared to the rest of the industry. SBLK outperforms 46.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The earnings per share for SBLK have decreased strongly by -11.11% in the last year.
SBLK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.11% yearly.
SBLK shows a decrease in Revenue. In the last year, the revenue decreased by -2.03%.
The Revenue has been growing slightly by 7.82% on average over the past years.
EPS 1Y (TTM)-11.11%
EPS 3Y128.15%
EPS 5Y15.11%
EPS Q2Q%65.96%
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y11.05%
Revenue growth 5Y7.82%
Sales Q2Q%98.75%
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.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 7.32 indicates a rather cheap valuation of SBLK.
SBLK's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 29.12, SBLK is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 4.29, the valuation of SBLK can be described as very cheap.
Based on the Price/Forward Earnings ratio, SBLK is valued a bit 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 23.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.32 | ||
| Fwd PE | 4.29 |
4.2 Price Multiples
SBLK's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. SBLK is more expensive than 65.38% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SBLK is valued a bit cheaper than the industry average as 69.23% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.43 | ||
| EV/EBITDA | 7.48 |
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.
SBLK has a very decent profitability rating, which 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)0.07
PEG (5Y)0.48
EPS Next 2Y56.32%
EPS Next 3Y37.59%
5. Dividend
5.1 Amount
SBLK has a Yearly Dividend Yield of 10.51%, which is a nice return.
Compared to an average industry Dividend Yield of 7.36, SBLK pays a better dividend. On top of this SBLK pays more dividend than 88.46% 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 2.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.51% |
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
69.11% of the earnings are spent on dividend by SBLK. This is not a sustainable payout ratio.
DP69.11%
EPS Next 2Y56.32%
EPS Next 3Y37.59%
STAR BULK CARRIERS CORP
NASDAQ:SBLK (11/12/2024, 6:25:01 PM)
After market: 19.92 +0.02 (+0.1%)19.9
-0.43 (-2.12%)
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 Cap2.36B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.51% |
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)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.32 | ||
| Fwd PE | 4.29 | ||
| 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)0.07
PEG (5Y)0.48
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)-11.11%
EPS 3Y128.15%
EPS 5Y
EPS Q2Q%
EPS Next Y104.45%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.03%
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