NasdaqGS:EGLE

Stock Analysis Report

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Executive Summary

Eagle Bulk Shipping Inc., through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. More Details


Snowflake Analysis

Moderate 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 is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: EGLE's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

17.8%

EGLE

4.4%

US Shipping

2.8%

US Market


1 Year Return

-40.1%

EGLE

-21.7%

US Shipping

20.9%

US Market

Return vs Industry: EGLE underperformed the US Shipping industry which returned -21.8% over the past year.

Return vs Market: EGLE underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

EGLEIndustryMarket
7 Day17.8%4.4%2.8%
30 Day41.7%27.2%11.1%
90 Day6.6%28.6%6.5%
1 Year-40.1%-40.1%-19.9%-21.7%23.6%20.9%
3 Year-33.3%-33.3%-2.9%-10.3%47.3%37.6%
5 Year-95.5%-95.5%-37.3%-44.8%94.3%72.9%

Long-Term 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

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 ($19.99) is trading below our estimate of fair value ($138.48)

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 US 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's PB Ratio (0.5x) is in line with the US Shipping industry average.


Next Steps

Future Growth

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

112.2%

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 (2.2%).

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 (4.1% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: EGLE's revenue (4.1% 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 (3.4%).


Next Steps

Past Performance

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

57.2%

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 57.2% 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 (8.9%).


Return on Equity

High ROE: EGLE has a negative Return on Equity (-10.38%), as it is currently unprofitable.


Next Steps

Financial Health

How is Eagle Bulk Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: EGLE's short term assets ($124.7M) exceed its short term liabilities ($89.2M).

Long Term Liabilities: EGLE's short term assets ($124.7M) do not cover its long term liabilities ($459.5M).


Debt to Equity History and Analysis

Debt Level: EGLE's debt to equity ratio (111.7%) is considered high.

Reducing Debt: EGLE's debt to equity ratio has increased from 38.4% to 111.7% over the past 5 years.


Balance Sheet


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 current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EGLE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EGLE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Gary Vogel (54 yo)

5.17yrs

Tenure

US$2,590,926

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 ($USD2.59M) is above average for companies of similar size in the US market ($USD1.10M).

Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Gary Vogel
CEO & Director5.17yrsUS$2.59m1.45%
$ 3.2m
Frank De Costanzo
CFO & Secretary4.17yrsUS$958.67k0.37%
$ 815.0k
Michael Mitchell
General Counsel4.83yrsno datano data
Jonathan Dowsett
Head of Performance Management & Optimizationno datano datano data
Bo Westergaard
Chief Commercial Officer5.08yrsno datano data

5.0yrs

Average Tenure

54yo

Average Age

Experienced Management: EGLE's management team is considered experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gary Vogel
CEO & Director5.17yrsUS$2.59m1.45%
$ 3.2m
Paul Leand
Independent Chairman6yrsUS$190.00k0.28%
$ 613.7k
Gary Weston
Independent Director6yrsUS$120.00k0.021%
$ 45.3k
Randee Day
Independent Director6yrsUS$120.00k0.021%
$ 45.3k
L. Veldhuizen
Independent Director6yrsUS$110.00k0.021%
$ 45.3k
Justin Knowles
Independent Director6.08yrsUS$115.00k0.021%
$ 45.3k

6.0yrs

Average Tenure

54yo

Average Age

Experienced Board: EGLE's board of directors are considered experienced (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 bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$220.176m
  • Shares outstanding: 11.01m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EGLENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 2014
E1B1DB (Deutsche Boerse AG)YesCommon StockDEEUROct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 00:18
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.