NasdaqGS:SBLK

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Executive Summary

Star Bulk Carriers Corp., a shipping company, 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 Star Bulk Carriers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SBLK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SBLK's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

7.4%

SBLK

-3.3%

US Shipping

0.6%

US Market


1 Year Return

-25.3%

SBLK

-22.4%

US Shipping

22.7%

US Market

Return vs Industry: SBLK underperformed the US Shipping industry which returned -22.7% over the past year.

Return vs Market: SBLK underperformed the US Market which returned 21% over the past year.


Shareholder returns

SBLKIndustryMarket
7 Day7.4%-3.3%0.6%
30 Day27.3%25.0%13.1%
90 Day20.3%29.4%4.5%
1 Year-24.9%-25.3%-20.7%-22.4%25.5%22.7%
3 Year-24.8%-25.6%-2.9%-10.6%49.0%39.1%
5 Year129.1%126.6%-37.2%-44.8%98.3%76.5%

Long-Term 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

Valuation

Is Star Bulk Carriers 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: SBLK ($7.95) is trading below our estimate of fair value ($17.28)

Significantly Below Fair Value: SBLK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SBLK is poor value based on its PE Ratio (141.5x) compared to the US Shipping industry average (11.4x).

PE vs Market: SBLK is poor value based on its PE Ratio (141.5x) compared to the US market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: SBLK is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: SBLK is overvalued based on its PB Ratio (0.5x) compared to the US Shipping industry average (0.4x).


Next Steps

Future Growth

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

102.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBLK's forecast earnings growth (102.8% per year) is above the savings rate (2.2%).

Earnings vs Market: SBLK's earnings (102.8% per year) are forecast to grow faster than the US market (21.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SBLK's revenue (6.5% per year) is forecast to grow slower than the US market (10.3% per year).

High Growth Revenue: SBLK's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBLK's Return on Equity is forecast to be low in 3 years time (10.8%).


Next Steps

Past Performance

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

68.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBLK has a large one-off loss of $9.0M impacting its September 30 2020 financial results.

Growing Profit Margin: SBLK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SBLK has become profitable over the past 5 years, growing earnings by 68% per year.

Accelerating Growth: SBLK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SBLK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (8.9%).


Return on Equity

High ROE: SBLK's Return on Equity (0.4%) is considered low.


Next Steps

Financial Health

How is Star Bulk Carriers's financial position?


Financial Position Analysis

Short Term Liabilities: SBLK's short term assets ($342.9M) exceed its short term liabilities ($319.9M).

Long Term Liabilities: SBLK's short term assets ($342.9M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: SBLK's debt to equity ratio (83.5%) is considered high.

Reducing Debt: SBLK's debt to equity ratio has increased from 64.8% to 83.5% over the past 5 years.

Debt Coverage: SBLK's debt is not well covered by operating cash flow (10.7%).

Interest Coverage: SBLK's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Next Steps

Dividend

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

9.87%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SBLK'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 SBLK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SBLK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SBLK is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SBLK'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?

6.3yrs

Average management tenure


CEO

Petros Pappas (67 yo)

6.33yrs

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...


Leadership Team

NamePositionTenureCompensationOwnership
Petros Pappas
Founder6.33yrsUS$9.89k4.26%
$ 32.5m
Hamish Norton
President6.33yrsno datano data
Simos Spyrou
Co-Chief Financial Officer9.17yrsno datano data
Christos Begleris
Co-Chief Financial Officer6.33yrsno datano data
Nicos Rescos
Chief Operating Officer6.33yrsno datano data
Zenon Kleopas
Executive Vice President of Technical Operationsno datano datano data
Georgia Mastagaki
Co-General Counselno datano datano data
Charis Plakantonaki
Chief Strategy Officer3.58yrsno datano data
Herman Billung
Senior Vice President2.33yrsno datano data
Constantinos Simantiras
Head of Market Researchno datano datano data

6.3yrs

Average Tenure

48yo

Average Age

Experienced Management: SBLK's management team is seasoned and experienced (6.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Petros Pappas
Founder6.33yrsUS$9.89k4.26%
$ 32.5m
Arne Blystad
Director2.33yrsno data2.25%
$ 17.2m
Koert Erhardt
Independent Directorno dataUS$35.67k0.078%
$ 596.3k
Spyros Capralos
Independent Non-Executive Chairman6.33yrsUS$15.49k0.27%
$ 2.1m
Brian Laibow
Director0.83yrno datano data
Mahesh Balakrishnan
Independent Director5.75yrsno data0.0049%
$ 37.3k
Katherine Ralph
Director0.50yrno datano data
Nikolaos Karellis
Independent Director4.5yrsno data0.042%
$ 323.8k
Eleni Vrettou
Director0.50yrno datano data
Raffaele Zagari
Director2.25yrsno datano data
Dawna Men
Director0.83yrno datano data

2.3yrs

Average Tenure

64.5yo

Average Age

Experienced Board: SBLK's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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

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


Key Information

  • Name: Star Bulk Carriers Corp.
  • Ticker: SBLK
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$763.256m
  • Shares outstanding: 96.07m
  • Website: https://www.starbulk.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBLKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 2014
4FAPDB (Deutsche Boerse AG)YesCommon StockDEEURJul 2014

Biography

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company’s vessels transport a range of major bulks, including iron ores, coal, and grain...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 00:21
End of Day Share Price2020/12/01 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.