OB:SBLK

Stock Analysis Report

Executive Summary

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide.

Snowflake

Fundamentals

Good value with reasonable growth potential.


Similar Companies

Share Price & News

How has Star Bulk Carriers's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.4%

OB:SBLK

-0.7%

NO Shipping

-0.9%

NO Market


1 Year Return

n/a

OB:SBLK

-27.3%

NO Shipping

-9.6%

NO Market

No trading data on SBLK.

No trading data on SBLK.


Share holder returns

SBLKIndustryMarket
7 Day-1.4%-0.7%-0.9%
30 Day-4.4%-9.3%-3.3%
90 Day12.8%-8.5%-6.3%
1 Yearn/a-25.3%-27.3%-5.1%-9.6%
3 Yearn/a14.3%5.8%50.4%31.4%
5 Yearn/a-33.3%-42.1%38.9%8.1%

Price Volatility Vs. Market

How volatile is Star Bulk Carriers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Star Bulk Carriers undervalued based on future cash flows and its price relative to the stock market?

41%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Star Bulk Carriers's share price is below the future cash flow value, and at a moderate discount (> 20%).

Star Bulk Carriers's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Star Bulk Carriers is overvalued based on earnings compared to the NO Shipping industry average.

Star Bulk Carriers is overvalued based on earnings compared to the Norway market.


Price Based on Expected Growth

Star Bulk Carriers is good value based on expected growth next year.


Price Based on Value of Assets

Star Bulk Carriers is good value based on assets compared to the NO Shipping industry average.


Next Steps

Future Growth

How is Star Bulk Carriers expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

69.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Star Bulk Carriers's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).

Star Bulk Carriers's earnings are expected to grow significantly at over 20% yearly.

Star Bulk Carriers's revenue growth is expected to exceed the Norway market average.

Star Bulk Carriers's earnings growth is expected to exceed the Norway market average.

Star Bulk Carriers's earnings growth is expected to exceed the low risk savings rate of 1.8%.


Earnings per Share Growth Estimates


Future Return on Equity

Star Bulk Carriers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Star Bulk Carriers performed over the past 5 years?

20.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Star Bulk Carriers has delivered over 20% year on year earnings growth in the past 5 years.

Star Bulk Carriers's 1-year earnings growth exceeds its 5-year average (168.4% vs 20.5%)

Star Bulk Carriers's earnings growth has exceeded the NO Shipping industry average in the past year (168.4% vs 28%).


Return on Equity

Star Bulk Carriers has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Star Bulk Carriers used its assets less efficiently than the NO Shipping industry average last year based on Return on Assets.


Return on Capital Employed

Star Bulk Carriers has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Star Bulk Carriers's financial position?


Financial Position Analysis

Star Bulk Carriers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Star Bulk Carriers's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Star Bulk Carriers's level of debt (93.3%) compared to net worth is high (greater than 40%).

Star Bulk Carriers had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.

Debt is not well covered by operating cash flow (11.9%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.7x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.2x debt.


Next Steps

Dividend

What is Star Bulk Carriers's current dividend yield, its reliability and sustainability?

2.40%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Star Bulk Carriers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Star Bulk Carriers's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Star Bulk Carriers has not reported any payouts.

Unable to verify if Star Bulk Carriers's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Star Bulk Carriers has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (12.9x coverage).


Next Steps

Management

What is the CEO of Star Bulk Carriers's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average management tenure


CEO

Petros Pappas (65yo)

4.9yrs

Tenure

US$9,890

Compensation

Mr. Petros A. Pappas is a Founder of Star Bulk Carriers Corp. and has been its Chief Executive Officer since July 2014. Mr. Pappas serves as Principal Executive Officer of Star Cosmo LLC, Star Alpha LLC, S ...


Management Age and Tenure

4.9yrs

Average Tenure

46yo

Average Age

The tenure for the Star Bulk Carriers management team is about average.


Board Age and Tenure

3.1yrs

Average Tenure

59.5yo

Average Age

The tenure for the Star Bulk Carriers board of directors is about average.


Insider Trading

No 3 month insider trading information.


Recent Insider Transactions

Buykr109,141,41804 Jun 19
Oaktree Capital Management, L.P.
EntityCompany
Shares1,629,344
Max Pricekr66.98
Buykr111,330,83301 Apr 19
Oaktree Capital Management, L.P.
EntityCompany
Shares1,622,446
Max Pricekr68.62
Buykr114,41312 Mar 19
Spyros Capralos
EntityIndividual
Role
Chairman of the Board
Shares2,000
Max Pricekr57.21
Buykr983,70704 Jan 19
Nikolaos Karellis
EntityIndividual
Role
Member of the Board of Directors
Shares12,000
Max Pricekr81.98
Sellkr3,26503 Jan 19
Nikolaos Karellis
EntityIndividual
Role
Member of the Board of Directors
Shares12,000
Max Pricekr0.27
Buykr123,350,97818 Dec 18
Oaktree Capital Management, L.P.
EntityCompany
Shares1,453,984
Max Pricekr84.84
Buykr146,001,46630 Nov 18
Oaktree Capital Management, L.P.
EntityCompany
Shares1,750,000
Max Pricekr83.43
Buykr204,86126 Nov 18
Christos Begleris
EntityIndividual
Role
Co-Chief Financial Officer
Shares2,750
Max Pricekr74.49
Buykr4,643,20003 Oct 18
Arne Blystad
EntityIndividual
Role
Member of the Board of Directors
Shares40,000
Max Pricekr116.08
Sellkr809,01802 Oct 18
Koert Erhardt
EntityIndividual
Role
Member of the Board of Directors
Shares5,000
Max Pricekr161.80
Sellkr743,30102 Oct 18
Spyros Capralos
EntityIndividual
Role
Chairman of the Board
Shares6,000
Max Pricekr123.88
Sellkr1,174,91101 Oct 18
Simos Spyrou
EntityIndividual
Role
Co-Chief Financial Officer
Shares10,000
Max Pricekr117.49
Sellkr7,80505 Sep 18
Hamish Norton
EntityIndividual
Role
President
Shares22,000
Max Pricekr0.35
Sellkr290,31616 Aug 18
Hamish Norton
EntityIndividual
Role
President
Shares40,000
Max Pricekr7.26
Buykr628,77202 Jul 18
Spyros Capralos
EntityIndividual
Role
Chairman of the Board
Shares6,000
Max Pricekr104.80

Ownership Breakdown


Management Team

  • Petros Pappas (65yo)

    Founder

    • Tenure: 4.9yrs
    • Compensation: $9.89k
  • Christos Begleris (37yo)

    Co-Chief Financial Officer

    • Tenure: 4.9yrs
  • Zenon Kleopas (63yo)

    Executive Vice President of Technical Operations

  • Nicos Rescos (46yo)

    Chief Operating Officer

    • Tenure: 4.9yrs
  • Simos Spyrou (44yo)

    Co-Chief Financial Officer

    • Tenure: 7.8yrs
  • Hamish Norton (59yo)

    President

    • Tenure: 4.9yrs
  • Georgia Mastagaki

    Co-General Counsel

  • Charis Plakantonaki (39yo)

    Chief Strategy Officer

    • Tenure: 2.2yrs
  • Herman Billung

    Senior Vice President

    • Tenure: 0.9yrs

Board Members

  • Koert Erhardt (62yo)

    Director

    • Compensation: $35.67k
  • Tom Søfteland (57yo)

    Director

    • Compensation: $37.50k
  • Petros Pappas (65yo)

    Founder

    • Compensation: $9.89k
  • Roger Schmitz (36yo)

    Director

    • Tenure: 5.9yrs
    • Compensation: $24.00k
  • Emily Stephens (42yo)

    Director

    • Tenure: 0.6yrs
    • Compensation: $12.15k
  • Mahesh Balakrishnan (35yo)

    Director

    • Tenure: 4.3yrs
  • Raffaele Zagari (49yo)

    Director

    • Tenure: 0.8yrs
  • Nikolaos Karellis (67yo)

    Director

    • Tenure: 3.1yrs
  • Spyros Capralos (63yo)

    Non-Executive Chairman

    • Tenure: 4.9yrs
    • Compensation: $15.49k
  • Arne Blystad (63yo)

    Director

    • Tenure: 0.9yrs

Company Information

Star Bulk Carriers Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Star Bulk Carriers Corp.
  • Ticker: SBLK
  • Exchange: OB
  • Founded: 2006
  • Industry: marine
  • Sector: transportation
  • Market Cap: US$716.568m
  • Listing Market Cap: US$6.241b
  • Shares outstanding: 91.75m
  • Website: Click here

Number of Employees


Location

  • Star Bulk Carriers Corp.
  • 40 Agiou Konstantinou Street
  • Maroussi
  • 15124
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBLKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1970
4FAPDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1970
SBLKOB (Oslo Bors)YesCommon StockNONOKJan 1970

Biography

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/06/15 22:19
End of Day Share Price2019/06/14 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.