Star Bulk Carriers
Market Cap
US$804.5m
Last Updated
2020/02/17 00:35 UTC
Data Sources
Company Financials +
Executive Summary
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide.
Rewards
Risk Analysis
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.9%
SBLK
1.8%
US Shipping
1.5%
US Market
1 Year Return
3.8%
SBLK
1.7%
US Shipping
20.1%
US Market
Return vs Industry: SBLK exceeded the US Shipping industry which returned 1.7% over the past year.
Return vs Market: SBLK underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| SBLK | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.9% | 1.8% | 1.5% |
| 30 Day | -19.9% | -16.2% | 1.4% |
| 90 Day | -16.2% | -8.2% | 8.7% |
| 1 Year | 4.3%3.8% | 3.6%1.7% | 22.7%20.1% |
| 3 Year | 3.5%3.0% | 1.2%-4.2% | 50.1%40.5% |
| 5 Year | -60.9%-61.1% | -47.8%-53.4% | 73.1%54.1% |
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
1 week ago | Simply Wall St
Does Star Bulk Carriers Corp. (NASDAQ:SBLK) Have A Particularly Volatile Share Price?1 month ago | Simply Wall St
This Insider Has Just Sold Shares In Star Bulk Carriers Corp. (NASDAQ:SBLK)1 month ago | Simply Wall St
What Kind Of Shareholder Owns Most Star Bulk Carriers Corp. (NASDAQ:SBLK) Stock?Valuation
Is Star Bulk Carriers undervalued compared to its fair value and its price relative to the market?
48.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SBLK ($8.51) is trading below our estimate of fair value ($16.65)
Significantly Below Fair Value: SBLK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SBLK is unprofitable, so we can't compare its PE Ratio to the Shipping industry average.
PE vs Market: SBLK 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 SBLK's PEG Ratio to determine if it is good value.
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 3 analysts?
53.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBLK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: SBLK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SBLK's is expected to become profitable in the next 3 years.
Revenue vs Market: SBLK's revenue (2.1% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: SBLK's revenue (2.1% 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 (11.3%).
Next Steps
Past Performance
How has Star Bulk Carriers performed over the past 5 years?
36.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SBLK is currently unprofitable.
Growing Profit Margin: SBLK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SBLK is unprofitable, but has reduced losses over the past 5 years at a rate of 36.4% per year.
Accelerating Growth: Unable to compare SBLK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SBLK is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (22%).
Return on Equity
High ROE: SBLK has a negative Return on Equity (-1.84%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Star Bulk Carriers's financial position?
Financial Position Analysis
Short Term Liabilities: SBLK's short term assets ($248.5M) do not cover its short term liabilities ($278.2M).
Long Term Liabilities: SBLK's short term assets ($248.5M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: SBLK's debt to equity ratio (78%) is considered high.
Reducing Debt: SBLK's debt to equity ratio has increased from 57.7% to 78% over the past 5 years.
Balance Sheet
Inventory Level: SBLK has a high level of physical assets or inventory.
Debt Coverage by Assets: SBLK's debt is not covered by short term assets (assets are 0.2x debt).
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: Insufficient data to determine if SBLK has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SBLK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Star Bulk Carriers's current dividend yield, its reliability and sustainability?
2.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SBLK's dividend (2.35%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: SBLK's dividend (2.35%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether SBLK's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SBLK's dividend payments are increasing as they only just started paying a dividend.
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: SBLK's dividends in 3 years are forecast to be covered by earnings (72.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.6yrs
Average management tenure
CEO
Petros Pappas (66yo)
5.6yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 5.6yrs | US$9.89k | 4.14% $33.3m | |
| President | 5.6yrs | no data | 0.18% $1.5m | |
| Co-Chief Financial Officer | 8.4yrs | no data | 0.11% $919.0k | |
| Co-Chief Financial Officer | 5.6yrs | no data | 0.14% $1.2m | |
| Chief Operating Officer | 5.6yrs | no data | no data | |
| Executive Vice President of Technical Operations | 0yrs | no data | no data | |
| Co-General Counsel | 0yrs | no data | no data | |
| Chief Strategy Officer | 2.8yrs | no data | no data | |
| Senior Vice President | 1.6yrs | no data | no data | |
| Head of Market Research | 0yrs | no data | no data |
5.6yrs
Average Tenure
47yo
Average Age
Experienced Management: SBLK's management team is seasoned and experienced (5.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 5.6yrs | US$9.89k | 4.14% $33.3m | |
| Director | 1.6yrs | no data | 2.28% $18.4m | |
| Independent Director | 0yrs | US$37.50k | no data | |
| Independent Director | 0yrs | US$35.67k | 0.085% $681.2k | |
| Non-Executive Chairman | 5.6yrs | US$15.49k | 0.28% $2.2m | |
| Director | 0.08yrs | no data | no data | |
| Independent Director | 5yrs | no data | 0.0050% $40.0k | |
| Independent Director | 3.8yrs | no data | 0.043% $346.8k | |
| Director | 1.5yrs | no data | no data | |
| Director | 0.08yrs | no data | no data |
1.6yrs
Average Tenure
63yo
Average Age
Experienced Board: SBLK's board of directors are not considered experienced ( 1.6 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: SBLK insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.9%.
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$804.490m
- Shares outstanding: 94.53m
- Website: https://www.starbulk.com
Number of Employees
Location
- Star Bulk Carriers Corp.
- 40 Agiou Konstantinou Street
- Maroussi
- 15124
- Greece
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SBLK | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 2014 |
| 4FAP | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2014 |
| SBLK | OB (Oslo Bors) | Yes | Common Stock | NO | NOK | Jul 2014 |
| SBLKO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Stock | GB | NOK | Jul 2014 |
Biography
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels. It also provides vessel management services to dry bulk vessels of various sizes. The company was incorporated in 2006 and is based in Maroussi, Greece.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:35 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.