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Eagle Bulk Shipping

Nasdaq:EGLE
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EGLE
Nasdaq
$365M
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

Eagle Bulk Shipping Inc., through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The last earnings update was 47 days ago. More info.


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EGLE Share Price and Events
7 Day Returns
4.8%
NasdaqGS:EGLE
2.6%
US Shipping
2.2%
US Market
1 Year Returns
-16.8%
NasdaqGS:EGLE
-21.4%
US Shipping
3.8%
US Market
EGLE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eagle Bulk Shipping (EGLE) 4.8% 2.9% 15.8% -16.8% -41.8% -
US Shipping 2.6% 0.8% 8.3% -21.4% -2.4% -64%
US Market 2.2% 4.2% 4.4% 3.8% 43% 40.9%
1 Year Return vs Industry and Market
  • EGLE outperformed the Shipping industry which returned -21.4% over the past year.
  • EGLE underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
EGLE
Industry
5yr Volatility vs Market

EGLE Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Eagle Bulk Shipping to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eagle Bulk Shipping.

NasdaqGS:EGLE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:EGLE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.697 (1 + (1- 21%) (100.76%))
1.169
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.169 * 5.96%)
9.7%

Discounted Cash Flow Calculation for NasdaqGS:EGLE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eagle Bulk Shipping is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:EGLE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.7%)
2019 -71.00 Analyst x1 -64.72
2020 72.00 Analyst x2 59.83
2021 59.00 Analyst x1 44.70
2022 51.28 Est @ -13.08% 35.42
2023 47.00 Est @ -8.34% 29.59
2024 44.65 Est @ -5.02% 25.62
2025 43.44 Est @ -2.69% 22.73
2026 42.98 Est @ -1.07% 20.50
2027 43.01 Est @ 0.07% 18.70
2028 43.38 Est @ 0.87% 17.20
Present value of next 10 years cash flows $209.57
NasdaqGS:EGLE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $43.38 × (1 + 2.73%) ÷ (9.7% – 2.73%)
$639.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $639.82 ÷ (1 + 9.7%)10
$253.61
NasdaqGS:EGLE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $209.57 + $253.61
$463.17
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $463.17 / 73.16
$6.33
NasdaqGS:EGLE Discount to Share Price
Calculation Result
Value per share (USD) From above. $6.33
Current discount Discount to share price of $4.99
= -1 x ($4.99 - $6.33) / $6.33
21.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Eagle Bulk Shipping is available for.
Intrinsic value
21%
Share price is $4.99 vs Future cash flow value of $6.33
Current Discount Checks
For Eagle Bulk Shipping to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eagle Bulk Shipping's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eagle Bulk Shipping's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Eagle Bulk Shipping's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eagle Bulk Shipping's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:EGLE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.18
NasdaqGS:EGLE Share Price ** NasdaqGS (2019-06-21) in USD $4.99
United States of America Shipping Industry PE Ratio Median Figure of 14 Publicly-Listed Shipping Companies 16.08x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Eagle Bulk Shipping.

NasdaqGS:EGLE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:EGLE Share Price ÷ EPS (both in USD)

= 4.99 ÷ 0.18

28.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Bulk Shipping is overvalued based on earnings compared to the US Shipping industry average.
  • Eagle Bulk Shipping is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Eagle Bulk Shipping's expected growth come at a high price?
Raw Data
NasdaqGS:EGLE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
85.4%per year
United States of America Shipping Industry PEG Ratio Median Figure of 12 Publicly-Listed Shipping Companies 0.25x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NasdaqGS:EGLE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.18x ÷ 85.4%

0.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Bulk Shipping is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Eagle Bulk Shipping's assets?
Raw Data
NasdaqGS:EGLE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $6.73
NasdaqGS:EGLE Share Price * NasdaqGS (2019-06-21) in USD $4.99
United States of America Shipping Industry PB Ratio Median Figure of 23 Publicly-Listed Shipping Companies 0.5x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.81x
NasdaqGS:EGLE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:EGLE Share Price ÷ Book Value per Share (both in USD)

= 4.99 ÷ 6.73

0.74x

* Primary Listing of Eagle Bulk Shipping.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Eagle Bulk Shipping is overvalued based on assets compared to the US Shipping industry average.
X
Value checks
We assess Eagle Bulk Shipping's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Eagle Bulk Shipping has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EGLE Future Performance

 How is Eagle Bulk Shipping expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
85.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eagle Bulk Shipping expected to grow at an attractive rate?
  • Eagle Bulk Shipping's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Eagle Bulk Shipping's earnings growth is expected to exceed the United States of America market average.
  • Eagle Bulk Shipping's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:EGLE Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:EGLE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 85.4%
NasdaqGS:EGLE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.3%
United States of America Shipping Industry Earnings Growth Rate Market Cap Weighted Average 31.9%
United States of America Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:EGLE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:EGLE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 273 59 43 2
2020-12-31 269 79 37 4
2019-12-31 218 44 -1 4
NasdaqGS:EGLE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 308 43 13
2018-12-31 310 45 13
2018-09-30 298 44 -10
2018-06-30 292 37 -23
2018-03-31 270 7 -33
2017-12-31 237 -10 -44
2017-09-30 204 -4 -170
2017-06-30 177 -18 -179
2017-03-31 149 -28 -195
2016-12-31 124 -45 -224
2016-09-30 108 -54 -161
2016-06-30 102 -53 -162

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eagle Bulk Shipping's earnings are expected to grow significantly at over 20% yearly.
  • Eagle Bulk Shipping's revenue is expected to grow by 4.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:EGLE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Eagle Bulk Shipping Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:EGLE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.23 0.23 0.23 1.00
2020-12-31 0.49 0.54 0.43 2.00
2019-12-31 -0.04 0.12 -0.28 4.00
NasdaqGS:EGLE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.18
2018-12-31 0.18
2018-09-30 -0.15
2018-06-30 -0.33
2018-03-31 -0.46
2017-12-31 -0.63
2017-09-30 -2.66
2017-06-30 -3.34
2017-03-31 -5.35
2016-12-31 -10.87
2016-09-30 -17.96
2016-06-30 -81.89

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Eagle Bulk Shipping is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eagle Bulk Shipping's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Eagle Bulk Shipping has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EGLE Past Performance

  How has Eagle Bulk Shipping performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Eagle Bulk Shipping's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Eagle Bulk Shipping has delivered over 20% year on year earnings growth in the past 5 years.
  • Eagle Bulk Shipping has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Eagle Bulk Shipping has become profitable in the last year making it difficult to compare the US Shipping industry average.
Earnings and Revenue History
Eagle Bulk Shipping's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Eagle Bulk Shipping Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:EGLE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 308.11 12.55 34.65
2018-12-31 310.09 12.57 36.16
2018-09-30 297.99 -10.50 35.83
2018-06-30 291.61 -23.34 35.57
2018-03-31 270.30 -32.68 35.26
2017-12-31 236.78 -43.80 33.13
2017-09-30 204.03 -169.60 32.47
2017-06-30 177.11 -178.71 29.07
2017-03-31 149.07 -195.31 25.35
2016-12-31 124.49 -223.52 22.91
2016-09-30 108.40 -160.88 22.78
2016-06-30 101.74 -161.90 23.46
2016-03-31 98.80 -166.91 24.43
2015-12-31 103.86 -148.30 25.54
2015-09-30 114.33 -498.80 24.00
2015-06-30 115.05 -524.28 24.66
2015-03-31 134.78 -541.43 21.96
2014-12-31 154.24 -543.35 24.61
2014-09-30 165.02 -144.33 17.98
2014-06-30 174.15 -136.11 14.36
2014-03-31 176.01 -94.49 16.03
2013-12-31 202.44 -70.52 16.03
2013-09-30 198.24 -71.72 14.03
2013-06-30 206.12 -63.93 15.45
2013-03-31 210.42 -83.99 15.17
2012-12-31 190.81 -102.80 32.07
2012-09-30 218.02 -72.08 24.93
2012-06-30 251.49 -48.11 26.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Eagle Bulk Shipping has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eagle Bulk Shipping used its assets more efficiently than the US Shipping industry average last year based on Return on Assets.
  • Eagle Bulk Shipping 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).
X
Past performance checks
We assess Eagle Bulk Shipping's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Eagle Bulk Shipping has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EGLE Health

 How is Eagle Bulk Shipping's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Eagle Bulk Shipping's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eagle Bulk Shipping is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eagle Bulk Shipping's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eagle Bulk Shipping's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Eagle Bulk Shipping Company Filings, last reported 2 months ago.

NasdaqGS:EGLE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 480.20 340.92 60.72
2018-12-31 479.61 330.76 67.21
2018-09-30 472.47 322.28 80.74
2018-06-30 469.55 321.81 76.88
2018-03-31 463.69 321.47 57.90
2017-12-31 461.17 317.68 60.75
2017-09-30 476.30 313.76 64.32
2017-06-30 484.20 297.04 68.68
2017-03-31 487.61 256.83 145.77
2016-12-31 400.48 255.94 76.52
2016-09-30 541.60 242.19 98.57
2016-06-30 458.24 256.41 11.87
2016-03-31 479.89 253.39 16.77
2015-12-31 518.34 241.20 24.90
2015-09-30 597.02 228.21 26.33
2015-06-30 616.65 224.12 29.32
2015-03-31 643.66 216.52 32.35
2014-12-31 664.09 219.73 48.28
2014-09-30 418.41 1,216.90 45.87
2014-06-30 463.81 1,188.85 33.21
2014-03-31 506.78 1,181.38 31.54
2013-12-31 531.19 1,174.04 33.50
2013-09-30 562.16 1,166.59 42.04
2013-06-30 600.73 1,159.99 53.56
2013-03-31 599.11 1,153.46 25.54
2012-12-31 594.19 1,147.11 18.32
2012-09-30 622.12 1,142.08 18.70
2012-06-30 647.28 1,136.41 17.38
  • Eagle Bulk Shipping's level of debt (71%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (233.3% vs 71% today).
  • Debt is not well covered by operating cash flow (12.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Eagle Bulk Shipping's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Eagle Bulk Shipping has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EGLE Dividends

 What is Eagle Bulk Shipping's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Eagle Bulk Shipping dividends. Estimated to be 0% next year.
If you bought $2,000 of Eagle Bulk Shipping shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Eagle Bulk Shipping's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eagle Bulk Shipping's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:EGLE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Shipping Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:EGLE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Eagle Bulk Shipping has not reported any payouts.
  • Unable to verify if Eagle Bulk Shipping's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eagle Bulk Shipping's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eagle Bulk Shipping has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Eagle Bulk Shipping's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Eagle Bulk Shipping's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Eagle Bulk Shipping afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eagle Bulk Shipping has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EGLE Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Vogel
COMPENSATION $3,528,264
AGE 52
TENURE AS CEO 3.8 years
CEO Bio

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 as an operator in the geared dry bulk sector and has a proven track record of success. He served as a Partner at Clipper Group A/S until July 2015 and served as its Group Chief Executive Officer since January 22, 2013 until July 2015. Mr. Vogel served as the Chief Executive Officer of Clipper Bulk at Clipper Group A/S until January 23, 2013. He served as Chief Executive Officer and Partner of Clipper Group (USA) & Sale & Purchase at Clipper Group A/S. He served as Partner of Clipper Bulk & Clipper Projects. Mr. Vogel served as President of Clipper Group (USA) at Clipper Group A/S and served as its Chief Executive Officer of Clipper Bulk (USA) & (NL) at Clipper Group A/S. Mr. Vogel was president of Van Ommeren Bulk Shipping (USA), Inc. Mr. Vogel served as Managing Director of Clipper Bulk (USA) Inc. of Clipper Group A/S. He has been Director of Ship Finance International Limited since December 21, 2016. He has been a Director of Eagle Bulk Shipping Inc. since September 1, 2015. He served as a Director of Clipper Group A/S until July 2015. Mr. Vogel graduated from the U.S. Merchant Marine Academy in 1988 with a Bachelor of Science degree in Marine Transportation as well as a U.S. Coast Guard Unlimited Tonnage 3rd Officers License. Mr. Vogel has valuable business, leadership and executive management experience and insights into many aspects of the operations within the shipping industry to the Board of Directors.

CEO Compensation
  • Gary's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Gary's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Eagle Bulk Shipping management team in years:

3.4
Average Tenure
55
Average Age
  • The tenure for the Eagle Bulk Shipping management team is about average.
Management Team

Gary Vogel

TITLE
CEO & Director
COMPENSATION
$4M
AGE
52
TENURE
3.8 yrs

Frank De Costanzo

TITLE
CFO & Secretary
COMPENSATION
$1M
AGE
55
TENURE
2.8 yrs

Archibald Morgan

TITLE
VP & Head of Technical Management
TENURE
3.4 yrs

Michael Mitchell

TITLE
General Counsel
COMPENSATION
$40K
AGE
80
TENURE
3.4 yrs

Jonathan Dowsett

TITLE
Head of Performance Management & Optimization

Bo Westergaard

TITLE
Chief Commercial Officer
TENURE
3.7 yrs
Board of Directors Tenure

Average tenure and age of the Eagle Bulk Shipping board of directors in years:

4.7
Average Tenure
52
Average Age
  • The tenure for the Eagle Bulk Shipping board of directors is about average.
Board of Directors

Paul Leand

TITLE
Chairman
COMPENSATION
$208K
AGE
52
TENURE
4.6 yrs

Gary Vogel

TITLE
CEO & Director
COMPENSATION
$4M
AGE
52
TENURE
3.8 yrs

Randee Day

TITLE
Independent Director
COMPENSATION
$119K
AGE
70
TENURE
4.7 yrs

Justin Knowles

TITLE
Independent Director
COMPENSATION
$114K
AGE
50
TENURE
4.7 yrs

Gary Weston

TITLE
Director
COMPENSATION
$119K
AGE
61
TENURE
4.7 yrs

Bart Veldhuizen

TITLE
Independent Director
COMPENSATION
$109K
AGE
51
TENURE
4.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Jun 19 Buy Oaktree Capital Management, L.P. Company 12. Jun 19 12. Jun 19 27,300 $4.67 $127,491
07. Jun 19 Buy Oaktree Capital Management, L.P. Company 05. Jun 19 06. Jun 19 560,600 $4.70 $2,634,820
04. Jun 19 Buy Oaktree Capital Management, L.P. Company 30. May 19 03. Jun 19 146,200 $4.62 $675,444
05. Apr 19 Buy Oaktree Capital Management, L.P. Company 02. Apr 19 02. Apr 19 32,516 $4.69 $152,500
30. Mar 19 Buy Oaktree Capital Management, L.P. Company 27. Mar 19 29. Mar 19 157,931 $4.57 $716,292
26. Mar 19 Buy GoldenTree Asset Management, LP Company 22. Mar 19 25. Mar 19 226,140 $4.43 $996,654
18. Mar 19 Buy GoldenTree Asset Management, LP Company 13. Mar 19 13. Mar 19 20,596 $4.60 $94,742
12. Mar 19 Buy GoldenTree Asset Management, LP Company 08. Mar 19 11. Mar 19 445,432 $4.58 $1,985,283
08. Mar 19 Buy GoldenTree Asset Management, LP Company 06. Mar 19 07. Mar 19 200,447 $4.56 $913,363
22. Feb 19 Buy GoldenTree Asset Management, LP Company 20. Feb 19 20. Feb 19 1,444 $4.64 $6,700
15. Feb 19 Buy GoldenTree Asset Management, LP Company 12. Feb 19 13. Feb 19 174,363 $4.59 $793,730
12. Feb 19 Buy GoldenTree Asset Management, LP Company 08. Feb 19 11. Feb 19 84,969 $4.21 $341,819
30. Jan 19 Buy GoldenTree Asset Management, LP Company 28. Jan 19 28. Jan 19 10,300 $4.42 $45,526
25. Jan 19 Buy GoldenTree Asset Management, LP Company 23. Jan 19 25. Jan 19 386,309 $4.47 $1,723,752
31. Dec 18 Buy Oaktree Capital Management, L.P. Company 20. Dec 18 28. Dec 18 960,000 $4.52 $4,216,860
19. Dec 18 Buy Oaktree Capital Management, L.P. Company 26. Nov 18 19. Dec 18 1,021,610 $4.76 $4,665,952
18. Dec 18 Sell Steven Tananbaum Individual 14. Dec 18 14. Dec 18 -2,748 $4.66 $-12,819
23. Nov 18 Buy Oaktree Capital Management, L.P. Company 13. Nov 18 21. Nov 18 1,220,000 $4.74 $5,573,583
21. Nov 18 Buy GoldenTree Asset Management, LP Company 20. Nov 18 20. Nov 18 232,466 $4.30 $999,046
20. Nov 18 Buy GoldenTree Asset Management, LP Company 15. Nov 18 19. Nov 18 276,517 $4.67 $1,269,948
15. Nov 18 Buy GoldenTree Asset Management, LP Company 12. Nov 18 14. Nov 18 983,621 $4.63 $4,492,832
X
Management checks
We assess Eagle Bulk Shipping's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Eagle Bulk Shipping has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EGLE News

Simply Wall St News

Does Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Create Value For Shareholders?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Eagle Bulk Shipping: 0.041 = US$33m ÷ (US$883m - US$77m) (Based on the trailing twelve months to March 2019.) Therefore, Eagle Bulk Shipping has an ROCE of 4.1%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Eagle Bulk Shipping has a low level of current liabilities, which have a negligible impact on its already low ROCE.

Simply Wall St -

Is Eagle Bulk Shipping Inc.’s (NASDAQ:EGLE) Return On Capital Employed Any Good?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Eagle Bulk Shipping: 0.041 = US$33m ÷ (US$883m - US$77m) (Based on the trailing twelve months to March 2019.) Therefore, Eagle Bulk Shipping has an ROCE of 4.1%. … Do Eagle Bulk Shipping's Current Liabilities Skew Its ROCE? … Eagle Bulk Shipping has very few current liabilities, which have a minimal effect on its already low ROCE.

Simply Wall St -

Does The Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Share Price Tend To Follow The Market?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Zooming in on Eagle Bulk Shipping, we see it has a five year beta of 1.39. … What this means for you: Beta only tells us that the Eagle Bulk Shipping share price is sensitive to broader market movements.

Simply Wall St -

You Might Like Eagle Bulk Shipping Inc. (NASDAQ:EGLE) But Do You Like Its Debt?

EGLE’s Debt (And Cash Flows) EGLE has built up its total debt levels in the last twelve months, from US$321m to US$368m , which accounts for long term debt. … Moreover, EGLE has generated cash from operations of US$43m over the same time period, resulting in an operating cash to total debt ratio of 12%, indicating that EGLE’s current level of operating cash is not high enough to cover debt. … Next Steps: Although EGLE’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

How Should Investors React To Eagle Bulk Shipping Inc.'s (NASDAQ:EGLE) CEO Pay?

Gary Vogel became the CEO of Eagle Bulk Shipping Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Gary Vogel's Compensation Compare With Similar Sized Companies?

Simply Wall St -

At US$5.17, Is It Time To Put Eagle Bulk Shipping Inc. (NASDAQ:EGLE) On Your Watch List?

Eagle Bulk Shipping Inc. … (NASDAQ:EGLE), which is in the shipping business, and is based in United States,. … Let’s take a look at Eagle Bulk Shipping’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

What Should You Know About Eagle Bulk Shipping Inc.'s (NASDAQ:EGLE) Future?

As Eagle Bulk Shipping Inc. … (NASDAQ:EGLE) released its latest earnings announcement on 31 December 2018, … as a -16% fall in profits is expected in the upcoming year

Simply Wall St -

Is Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Investing Effectively In Its Business?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Such Is Life: How Eagle Bulk Shipping Shareholders Saw Their Shares Drop 63%

Eagle Bulk Shipping Inc. … Eagle Bulk Shipping isn't yet profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … In the last three years, Eagle Bulk Shipping saw its revenue grow by 42% per year, compound.

Simply Wall St -

Does Market Volatility Impact Eagle Bulk Shipping Inc.'s (NASDAQ:EGLE) Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

EGLE Company Info

Description

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 bulk cargoes, including coal, grains, iron ore, fertilizers, steel products, petcoke, cement, and forest products. It serves a range of customers, including miners, producers, traders, and end users. As of December 31, 2018, it operated a fleet of 47 vessels. Eagle Bulk Shipping Inc. was founded in 2005 and is headquartered in Stamford, Connecticut.

Details
Name: Eagle Bulk Shipping Inc.
EGLE
Exchange: NasdaqGS
Founded: 2005
$365,043,819
73,155,074
Website: http://www.eagleships.com
Address: Eagle Bulk Shipping Inc.
300 First Stamford Place,
5th Floor,
Stamford,
Connecticut, 06902,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS EGLE Common Stock Nasdaq Global Select US USD 16. Oct 2014
Number of employees
Current staff
Staff numbers
912
Eagle Bulk Shipping employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 01:03
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.