| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
EGLE Stock Overview
Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 23% per year for the next 3 years
+ 1 more risk
Eagle Bulk Shipping Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$49.28 |
| 52 Week High | US$78.75 |
| 52 Week Low | US$36.18 |
| Beta | 1.28 |
| 1 Month Change | -29.77% |
| 3 Month Change | -25.21% |
| 1 Year Change | -7.04% |
| 3 Year Change | 34.35% |
| 5 Year Change | 48.84% |
| Change since IPO | -97.77% |
Recent News & Updates
Eagle Bulk Shipping A Strong Buy For Profits And Dividends
Eagle Bulk Shipping is enjoying the same high shipping rates as the rest of the industry. Revenue and profits have soared in 2021 and 2022. Eagle remains undervalued and is a Strong Buy at current prices.
Analysts Just Made A Captivating Upgrade To Their Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Forecasts
Eagle Bulk Shipping Inc. ( NASDAQ:EGLE ) shareholders will have a reason to smile today, with the analysts making...
Shareholder Returns
| EGLE | US Shipping | US Market | |
|---|---|---|---|
| 7D | -14.2% | -5.2% | 6.6% |
| 1Y | -7.0% | -6.3% | -18.4% |
Return vs Industry: EGLE matched the US Shipping industry which returned -6.3% over the past year.
Return vs Market: EGLE exceeded the US Market which returned -18.4% over the past year.
Price Volatility
| EGLE volatility | |
|---|---|
| EGLE Average Weekly Movement | 10.8% |
| Shipping Industry Average Movement | 9.4% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: EGLE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: EGLE's weekly volatility (11%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 1,000 | Gary Vogel | https://www.eagleships.com |
Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. It serves miners, producers, traders, and end users.
Eagle Bulk Shipping Fundamentals Summary
| EGLE fundamental statistics | |
|---|---|
| Market Cap | US$674.79m |
| Earnings (TTM) | US$228.12m |
| Revenue (TTM) | US$682.36m |
3.0x
P/E Ratio1.0x
P/S RatioIs EGLE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EGLE income statement (TTM) | |
|---|---|
| Revenue | US$682.36m |
| Cost of Revenue | US$283.26m |
| Gross Profit | US$399.10m |
| Other Expenses | US$170.98m |
| Earnings | US$228.12m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 16.66 |
| Gross Margin | 58.49% |
| Net Profit Margin | 33.43% |
| Debt/Equity Ratio | 54.8% |
How did EGLE perform over the long term?
See historical performance and comparisonDividends
16.6%
Current Dividend Yield34%
Payout RatioValuation
Is EGLE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for EGLE?
Other financial metrics that can be useful for relative valuation.
| What is EGLE's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$674.79m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.4x |
| Enterprise Value/EBITDA | 2.8x |
| PEG Ratio | -0.1x |
Price to Earnings Ratio vs Peers
How does EGLE's PE Ratio compare to its peers?
| EGLE PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2.6x | ||
GSL Global Ship Lease | 2.7x | 5.4% | US$629.3m |
GNK Genco Shipping & Trading | 3.5x | -7.4% | US$773.4m |
SB Safe Bulkers | 2.6x | -1.0% | US$463.5m |
NMM Navios Maritime Partners | 1.5x | 8.6% | US$695.6m |
EGLE Eagle Bulk Shipping | 3x | -23.0% | US$674.8m |
Price-To-Earnings vs Peers: EGLE is expensive based on its Price-To-Earnings Ratio (3x) compared to the peer average (2.6x).
Price to Earnings Ratio vs Industry
How does EGLE's PE Ratio compare vs other companies in the US Shipping Industry?
Price-To-Earnings vs Industry: EGLE is expensive based on its Price-To-Earnings Ratio (3x) compared to the US Shipping industry average (2.7x)
Price to Earnings Ratio vs Fair Ratio
What is EGLE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 3x |
| Fair PE Ratio | 4.6x |
Price-To-Earnings vs Fair Ratio: EGLE is good value based on its Price-To-Earnings Ratio (3x) compared to the estimated Fair Price-To-Earnings Ratio (4.6x).
Share Price vs Fair Value
What is the Fair Price of EGLE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: EGLE ($49.28) is trading below our estimate of fair value ($316.38)
Significantly Below Fair Value: EGLE is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: EGLE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is Eagle Bulk Shipping forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-23.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EGLE's earnings are forecast to decline over the next 3 years (-23% per year).
Earnings vs Market: EGLE's earnings are forecast to decline over the next 3 years (-23% per year).
High Growth Earnings: EGLE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: EGLE's revenue is expected to decline over the next 3 years (-21% per year).
High Growth Revenue: EGLE's revenue is forecast to decline over the next 3 years (-21% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EGLE's Return on Equity is forecast to be low in 3 years time (15.7%).
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Past Performance
How has Eagle Bulk Shipping performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
75.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EGLE has high quality earnings.
Growing Profit Margin: EGLE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: EGLE has become profitable over the past 5 years, growing earnings by 75.2% per year.
Accelerating Growth: EGLE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EGLE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (649.4%).
Return on Equity
High ROE: EGLE's Return on Equity (32.9%) is considered high.
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Financial Health
How is Eagle Bulk Shipping's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: EGLE's short term assets ($185.2M) exceed its short term liabilities ($135.1M).
Long Term Liabilities: EGLE's short term assets ($185.2M) do not cover its long term liabilities ($333.7M).
Debt to Equity History and Analysis
Debt Level: EGLE's net debt to equity ratio (42.4%) is considered high.
Reducing Debt: EGLE's debt to equity ratio has increased from 52.8% to 54.8% over the past 5 years.
Debt Coverage: EGLE's debt is well covered by operating cash flow (62.4%).
Interest Coverage: EGLE's interest payments on its debt are well covered by EBIT (10.8x coverage).
Balance Sheet
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Dividend
What is Eagle Bulk Shipping current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
16.64%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EGLE's dividend (16.64%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: EGLE's dividend (16.64%) is in the top 25% of dividend payers in the US market (4.24%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether EGLE's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if EGLE's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33.7%), EGLE's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (74.1%), EGLE's dividend payments are covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
Gary Vogel (55 yo)
6.75yrs
Tenure
US$3,943,847
Compensation
Mr. Gary S. Vogel serves as the President and Chief Executive Officer at Eagle Bulk Shipco LLC. He has been Chief Executive Officer and Director at Eagle Bulk Shipping Inc. since September 1, 2015. Mr. Vog...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD3.94M) is about average for companies of similar size in the US market ($USD4.02M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: EGLE's management team is seasoned and experienced (6.4 years average tenure).
Board Members
Experienced Board: EGLE's board of directors are considered experienced (7.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EGLE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.1%.
Top Shareholders
Company Information
Eagle Bulk Shipping Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Eagle Bulk Shipping Inc.
- Ticker: EGLE
- Exchange: NasdaqGS
- Founded: 2005
- Industry: Marine
- Sector: Transportation
- Implied Market Cap: US$674.786m
- Shares outstanding: 13.69m
- Website: https://www.eagleships.com
Number of Employees
Location
- Eagle Bulk Shipping Inc.
- 300 First Stamford Place
- 5th Floor
- Stamford
- Connecticut
- 6902
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/26 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.