Star Bulk Carriers Corp.

NasdaqGS:SBLK Stock Report

Market Cap: US$2.2b

Star Bulk Carriers Valuation

Is SBLK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SBLK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SBLK ($18.63) is trading below our estimate of fair value ($80.35)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SBLK?

Key metric: As SBLK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SBLK. This is calculated by dividing SBLK's market cap by their current earnings.
What is SBLK's PE Ratio?
PE Ratio7.3x
EarningsUS$301.92m
Market CapUS$2.22b

Price to Earnings Ratio vs Peers

How does SBLK's PE Ratio compare to its peers?

The above table shows the PE ratio for SBLK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.4x
GOGL Golden Ocean Group
10.4x16.2%US$2.2b
DAC Danaos
2.9x-3.9%US$1.6b
MATX Matson
12.4x-19.6%US$5.1b
NMM Navios Maritime Partners
3.9x17.7%US$1.6b
SBLK Star Bulk Carriers
7.3x16.1%US$2.2b

Price-To-Earnings vs Peers: SBLK is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (7.4x).


Price to Earnings Ratio vs Industry

How does SBLK's PE Ratio compare vs other companies in the US Shipping Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TORO Toro
0.3xn/aUS$46.50m
PXS Pyxis Tankers
1.3x-16.9%US$42.04m
CTRM Castor Maritime
0.5xn/aUS$33.43m
PSHG Performance Shipping
0.4x7.0%US$23.00m
No more companies available in this PE range
SBLK 7.3xIndustry Avg. 4.5xNo. of Companies5PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SBLK is expensive based on its Price-To-Earnings Ratio (7.3x) compared to the US Shipping industry average (4.5x).


Price to Earnings Ratio vs Fair Ratio

What is SBLK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SBLK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: SBLK is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SBLK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$18.63
US$27.73
+48.8%
20.6%US$36.88US$20.20n/a7
Nov ’25US$19.04
US$28.60
+50.2%
22.5%US$36.88US$19.30n/a7
Oct ’25US$23.59
US$29.33
+24.3%
16.2%US$35.00US$21.00n/a6
Sep ’25US$21.37
US$29.50
+38.0%
15.7%US$35.00US$21.00n/a6
Aug ’25US$21.74
US$30.40
+39.8%
10.6%US$35.00US$26.40n/a6
Jul ’25US$24.98
US$30.55
+22.3%
10.1%US$35.00US$26.30n/a6
Jun ’25US$27.08
US$30.55
+12.8%
10.1%US$35.00US$26.30n/a6
May ’25US$24.55
US$27.57
+12.3%
12.4%US$34.00US$23.00n/a7
Apr ’25US$23.57
US$26.86
+13.9%
14.0%US$34.00US$23.00n/a7
Mar ’25US$24.32
US$26.17
+7.6%
10.2%US$30.00US$23.00n/a6
Feb ’25US$21.42
US$23.57
+10.0%
10.6%US$27.00US$20.00n/a7
Jan ’25US$21.26
US$22.57
+6.2%
7.8%US$25.00US$20.00n/a7
Dec ’24US$21.90
US$22.57
+3.1%
7.8%US$25.00US$20.00n/a7
Nov ’24US$18.41
US$23.50
+27.6%
15.5%US$30.00US$18.00US$19.046
Oct ’24US$19.28
US$24.33
+26.2%
18.0%US$30.00US$18.00US$23.596
Sep ’24US$17.62
US$26.00
+47.6%
17.2%US$30.00US$18.00US$21.376
Aug ’24US$17.83
US$26.50
+48.6%
15.1%US$30.00US$20.00US$21.746
Jul ’24US$17.70
US$26.83
+51.6%
15.9%US$31.00US$20.00US$24.986
Jun ’24US$17.75
US$27.17
+53.1%
14.5%US$31.00US$20.00US$27.086
May ’24US$20.40
US$28.33
+38.9%
15.1%US$33.00US$20.00US$24.556
Apr ’24US$21.12
US$27.83
+31.8%
15.2%US$33.00US$20.00US$23.576
Mar ’24US$24.04
US$27.83
+15.8%
15.2%US$33.00US$20.00US$24.326
Feb ’24US$22.56
US$28.50
+26.3%
12.3%US$33.00US$23.00US$21.426
Jan ’24US$19.23
US$27.83
+44.7%
14.0%US$33.00US$22.00US$21.266
Dec ’23US$18.61
US$27.83
+49.6%
14.0%US$33.00US$22.00US$21.906
Nov ’23US$17.92
US$28.33
+58.1%
14.8%US$33.00US$22.00US$18.416

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies