Star Bulk Carriers Corp.

NasdaqGS:SBLK Stock Report

Market Cap: US$2.7b

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 ($24.2) is trading below our estimate of fair value ($45.65)

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?

Other financial metrics that can be useful for relative valuation.

SBLK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.8x
Enterprise Value/EBITDA9.6x
PEG Ratio0.6x

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 Average9.6x
GOGL Golden Ocean Group
14.4x19.1%US$2.6b
MATX Matson
15.1xn/aUS$4.3b
DAC Danaos
2.9x-18.0%US$1.7b
CMRE Costamare
6x-1.1%US$1.8b
SBLK Star Bulk Carriers
13.6x24.4%US$2.7b

Price-To-Earnings vs Peers: SBLK is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (9.6x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a19.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SBLK is expensive based on its Price-To-Earnings Ratio (13.6x) compared to the US Shipping industry average (8.1x).


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 Ratio13.6x
Fair PE Ratio18x

Price-To-Earnings vs Fair Ratio: SBLK is good value based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (18x).


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$24.20
US$30.40
+25.6%
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$18.00n/a6
Oct ’24US$19.28
US$24.33
+26.2%
18.0%US$30.00US$18.00n/a6
Sep ’24US$17.62
US$26.00
+47.6%
17.2%US$30.00US$18.00n/a6
Aug ’24US$17.83
US$26.50
+48.6%
15.1%US$30.00US$20.00n/a6
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
Oct ’23US$17.48
US$30.00
+71.6%
20.8%US$40.00US$22.00US$19.286
Sep ’23US$19.75
US$30.83
+56.1%
18.9%US$40.00US$22.00US$17.626
Aug ’23US$27.00
US$31.29
+15.9%
17.3%US$40.00US$22.00US$17.837
Jul ’23US$23.40
US$34.00
+45.3%
18.8%US$41.00US$22.00US$17.706

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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