NasdaqGS:SBLK

Stock Analysis Report

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Market Cap

US$2.3b

Last Updated

2021/06/20 22:17 UTC

Data Sources

Company Financials +

Executive Summary

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. More Details


Snowflake Analysis

Average dividend payer with acceptable track record.


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 more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: SBLK's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-1.9%

SBLK

-5.8%

US Shipping

-1.9%

US Market


1 Year Return

202.5%

SBLK

82.8%

US Shipping

38.2%

US Market

Return vs Industry: SBLK exceeded the US Shipping industry which returned 82.8% over the past year.

Return vs Market: SBLK exceeded the US Market which returned 38.2% over the past year.


Shareholder returns

SBLKIndustryMarket
7 Day-1.9%-5.8%-1.9%
30 Day2.5%1.0%1.1%
90 Day32.2%10.2%4.3%
1 Year207.2%202.5%85.9%82.8%40.4%38.2%
3 Year61.2%57.1%24.0%15.0%57.5%47.8%
5 Year670.1%650.2%63.8%41.4%127.2%101.7%

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

No news available

Valuation

Is Star Bulk Carriers undervalued compared to its fair value and its price relative to the market?

35.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBLK ($22.13) is trading below our estimate of fair value ($34.5)

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 (50.2x) compared to the US Shipping industry average (24.1x).

PE vs Market: SBLK is poor value based on its PE Ratio (50.2x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: SBLK is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: SBLK is overvalued based on its PB Ratio (1.4x) compared to the US Shipping industry average (1.1x).


Future Growth

How is Star Bulk Carriers forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBLK's forecast earnings growth (16.9% per year) is above the savings rate (2%).

Earnings vs Market: SBLK's earnings (16.9% per year) are forecast to grow faster than the US market (15.7% per year).

High Growth Earnings: SBLK's earnings are forecast to grow, but not significantly.

Revenue vs Market: SBLK's revenue is expected to decline over the next 3 years (-0.3% per year).

High Growth Revenue: SBLK's revenue is forecast to decline over the next 3 years (-0.3% 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 (19.8%).


Past Performance

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

76.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBLK has high quality earnings.

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 76.1% 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 (194.5%).


Return on Equity

High ROE: SBLK's Return on Equity (2.6%) is considered low.


Financial Health

How is Star Bulk Carriers's financial position?


Financial Position Analysis

Short Term Liabilities: SBLK's short term assets ($340.9M) exceed its short term liabilities ($311.1M).

Long Term Liabilities: SBLK's short term assets ($340.9M) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: SBLK's debt to equity ratio (69.1%) is considered high.

Reducing Debt: SBLK's debt to equity ratio has reduced from 79.8% to 69.1% over the past 5 years.

Debt Coverage: SBLK's debt is not well covered by operating cash flow (19.1%).

Interest Coverage: SBLK's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Dividend

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

5.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBLK's dividend (5.42%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: SBLK's dividend (5.42%) is in the top 25% of dividend payers in the US market (3.49%)


Stability and Growth of Payments

Stable Dividend: SBLK has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SBLK's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68.1%), SBLK's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBLK's dividends in 3 years are forecast to be covered by earnings (65.9% payout ratio).


Next Steps

Management

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

6.9yrs

Average management tenure


CEO

Petros Pappas (67 yo)

6.92yrs

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

Experienced Management: SBLK's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: SBLK's board of directors are not considered experienced ( 2.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.1%.


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$2.255b
  • Shares outstanding: 101.89m
  • Website: https://www.starbulk.com

Number of Employees


Location

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

Listings


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 Analysis2021/06/20 22:17
End of Day Share Price2021/06/18 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.