Eagle Bulk Shipping
Market Cap
US$349.4m
Last Updated
2019/12/07 00:42 UTC
Data Sources
Company Financials +
Executive Summary
Eagle Bulk Shipping Inc., through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has Eagle Bulk Shipping's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EGLE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-6.9%
EGLE
0.9%
US Shipping
-0.3%
US Market
1 Year Return
-6.9%
EGLE
10.7%
US Shipping
18.6%
US Market
Return vs Industry: EGLE underperformed the US Shipping industry which returned 10.7% over the past year.
Return vs Market: EGLE underperformed the US Market which returned 18.6% over the past year.
Shareholder returns
| EGLE | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.9% | 0.9% | -0.3% |
| 30 Day | 12.4% | 3.5% | 2.2% |
| 90 Day | -7.1% | 9.1% | 5.6% |
| 1 Year | -6.9%-6.9% | 13.1%10.7% | 21.1%18.6% |
| 3 Year | -26.5%-26.5% | 10.5%4.6% | 45.6%36.2% |
| 5 Year | -98.4%-98.4% | -46.2%-51.4% | 71.1%52.2% |
Price Volatility Vs. Market
How volatile is Eagle Bulk Shipping's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Excessively Paying Its CEO?4 weeks ago | Simply Wall St
What Type Of Shareholder Owns Eagle Bulk Shipping Inc.'s (NASDAQ:EGLE)?1 month ago | Simply Wall St
Does Eagle Bulk Shipping (NASDAQ:EGLE) Have A Healthy Balance Sheet?Valuation
Is Eagle Bulk Shipping undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EGLE ($4.44) is trading below our estimate of fair value ($10.17)
Significantly Below Fair Value: EGLE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EGLE is unprofitable, so we can't compare its PE Ratio to the Shipping industry average.
PE vs Market: EGLE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate EGLE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EGLE is overvalued based on its PB Ratio (0.6x) compared to the US Shipping industry average (0.5x).
Next Steps
Future Growth
How is Eagle Bulk Shipping forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
119.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EGLE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: EGLE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: EGLE's is expected to become profitable in the next 3 years.
Revenue vs Market: EGLE's revenue (7.8% per year) is forecast to grow faster than the US market (7.4% per year).
High Growth Revenue: EGLE's revenue (7.8% per year) is forecast to grow slower than 20% 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 (7.1%).
Next Steps
Past Performance
How has Eagle Bulk Shipping performed over the past 5 years?
54.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EGLE is currently unprofitable.
Growing Profit Margin: EGLE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EGLE is unprofitable, but has reduced losses over the past 5 years at a rate of 54.5% per year.
Accelerating Growth: Unable to compare EGLE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EGLE is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-48.2%).
Return on Equity
High ROE: EGLE has a negative Return on Equity (-0.82%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Eagle Bulk Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: EGLE's short term assets ($112.2M) exceed its short term liabilities ($80.5M).
Long Term Liabilities: EGLE's short term assets ($112.2M) do not cover its long term liabilities ($398.1M).
Debt to Equity History and Analysis
Debt Level: EGLE's debt to equity ratio (85.4%) is considered high.
Reducing Debt: EGLE's debt to equity ratio has reduced from 286.4% to 85.4% over the past 5 years.
Balance Sheet
Inventory Level: EGLE has a high level of physical assets or inventory.
Debt Coverage by Assets: EGLE's debt is not covered by short term assets (assets are 0.3x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: EGLE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if EGLE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Eagle Bulk Shipping's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate EGLE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate EGLE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if EGLE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EGLE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EGLE's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Eagle Bulk Shipping's salary, the management and board of directors tenure and is there insider trading?
3.9yrs
Average management tenure
CEO
Gary Vogel (53yo)
4.3yrs
Tenure
US$3,528,264
Compensation
Mr. Gary S. Vogel has been Chief Executive Officer at Eagle Bulk Shipping Inc. since September 1, 2015. Mr. Vogel has a long career in the dry bulk shipping market. He has more than 25 years of experience ...
CEO Compensation Analysis
Compensation vs Market: Gary's total compensation ($USD3.53M) is above average for companies of similar size in the US market ($USD1.71M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.9yrs
Average Tenure
Experienced Management: EGLE's management team is considered experienced (3.9 years average tenure).
Board Age and Tenure
5.2yrs
Average Tenure
53yo
Average Age
Experienced Board: EGLE's board of directors are considered experienced (5.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Independent Chairman |
| Shares | 59,300 |
| Max Price | US$4.20 |
| Entity | Company |
| Shares | 310,056 |
| Max Price | US$4.33 |
| Entity | Company |
| Shares | 550,000 |
| Max Price | US$4.44 |
| Entity | Company |
| Shares | 650,000 |
| Max Price | US$4.62 |
| Entity | Company |
| Shares | 1,000,000 |
| Max Price | US$4.76 |
| Entity | Company |
| Shares | 27,300 |
| Max Price | US$4.67 |
| Entity | Company |
| Shares | 560,600 |
| Max Price | US$4.70 |
| Entity | Company |
| Shares | 146,200 |
| Max Price | US$4.62 |
| Entity | Company |
| Shares | 32,516 |
| Max Price | US$4.69 |
| Entity | Company |
| Shares | 157,931 |
| Max Price | US$4.57 |
| Entity | Company |
| Shares | 226,140 |
| Max Price | US$4.43 |
| Entity | Company |
| Shares | 20,596 |
| Max Price | US$4.60 |
| Entity | Company |
| Shares | 445,432 |
| Max Price | US$4.58 |
| Entity | Company |
| Shares | 200,447 |
| Max Price | US$4.56 |
| Entity | Company |
| Shares | 1,444 |
| Max Price | US$4.64 |
| Entity | Company |
| Shares | 174,363 |
| Max Price | US$4.59 |
| Entity | Company |
| Shares | 84,969 |
| Max Price | US$4.21 |
| Entity | Company |
| Shares | 10,300 |
| Max Price | US$4.42 |
| Entity | Company |
| Shares | 386,309 |
| Max Price | US$4.47 |
| Entity | Company |
| Shares | 960,000 |
| Max Price | US$4.52 |
| Entity | Company |
| Shares | 1,021,610 |
| Max Price | US$4.76 |
| Entity | Individual |
| Shares | 2,748 |
| Max Price | US$4.66 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Gary Vogel (53yo)
CEO & Director
- Tenure: 4.3yrs
- Compensation: US$3.53m
Frank De Costanzo (56yo)
CFO & Secretary
- Tenure: 3.3yrs
- Compensation: US$1.17m
Michael Mitchell
General Counsel
- Tenure: 3.9yrs
Jonathan Dowsett
Head of Performance Management & Optimization
- Tenure: 0yrs
Bo Westergaard
Chief Commercial Officer
- Tenure: 4.2yrs
Archibald Morgan
VP & Head of Technical Management
- Tenure: 3.9yrs
Board Members
Paul Leand (53yo)
Independent Chairman
- Tenure: 5.1yrs
- Compensation: US$208.10k
Gary Weston (62yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: US$119.05k
Randee Day (71yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: US$119.05k
Gary Vogel (53yo)
CEO & Director
- Tenure: 4.3yrs
- Compensation: US$3.53m
Bart Veldhuizen (52yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: US$109.05k
Justin Knowles (51yo)
Independent Director
- Tenure: 5.2yrs
- Compensation: US$114.05k
Company Information
Eagle Bulk Shipping Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Eagle Bulk Shipping Inc.
- Ticker: EGLE
- Exchange: NasdaqGS
- Founded: 2005
- Industry: Marine
- Sector: Transportation
- Market Cap: US$349.408m
- Shares outstanding: 76.62m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EGLE | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Oct 2014 |
Biography
Eagle Bulk Shipping Inc., through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bu ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/07 00:42 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.