Star Bulk Carriers
Market Cap
US$1.0b
Last Updated
2021/01/26 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. More Details
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: SBLK's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-5.6%
SBLK
-2.9%
US Shipping
2.6%
US Market
1 Year Return
27.6%
SBLK
-4.7%
US Shipping
26.0%
US Market
Return vs Industry: SBLK exceeded the US Shipping industry which returned -4.7% over the past year.
Return vs Market: SBLK exceeded the US Market which returned 26% over the past year.
Shareholder returns
| SBLK | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.6% | -2.9% | 2.6% |
| 30 Day | 24.1% | 10.8% | 5.1% |
| 90 Day | 59.2% | 38.1% | 17.1% |
| 1 Year | 28.4%27.6% | -2.6%-4.7% | 28.9%26.0% |
| 3 Year | -4.5%-5.6% | -2.5%-9.6% | 46.3%36.6% |
| 5 Year | 443.8%437.9% | -6.9%-20.0% | 126.9%101.6% |
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
8 months ago | Simply Wall St
What Kind Of Investor Owns Most Of Star Bulk Carriers Corp. (NASDAQ:SBLK)?9 months ago | Simply Wall St
Tread With Caution Around Star Bulk Carriers Corp.'s (NASDAQ:SBLK) 3.6% Dividend Yield10 months ago | Simply Wall St
Those Who Purchased Star Bulk Carriers (NASDAQ:SBLK) Shares Five Years Ago Have A 55% Loss To Show For ItValuation
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 ($10.85) is trading below our estimate of fair value ($22.48)
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 (193.2x) compared to the US Shipping industry average (21.1x).
PE vs Market: SBLK is poor value based on its PE Ratio (193.2x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: SBLK is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: SBLK is overvalued based on its PB Ratio (0.7x) compared to the US Shipping industry average (0.5x).
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?
105.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SBLK's forecast earnings growth (105.5% per year) is above the savings rate (2%).
Earnings vs Market: SBLK's earnings (105.5% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SBLK's revenue (8.4% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: SBLK's revenue (8.4% 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 (12.8%).
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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?
11.07%
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?
6.5yrs
Average management tenure
CEO
Petros Pappas (67 yo)
6.5yrs
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 | 6.5yrs | US$9.89k | 4.26% $ 44.4m | |
| President | 6.5yrs | no data | no data | |
| Co-Chief Financial Officer | 9.33yrs | no data | no data | |
| Co-Chief Financial Officer | 6.5yrs | no data | no data | |
| Chief Operating Officer | 6.5yrs | no data | no data | |
| Executive Vice President of Technical Operations | no data | no data | no data | |
| Co-General Counsel | no data | no data | no data | |
| Chief Strategy Officer | 3.75yrs | no data | no data | |
| Senior Vice President | 2.5yrs | no data | no data | |
| Head of Market Research | no data | no data | no data |
6.5yrs
Average Tenure
48yo
Average Age
Experienced Management: SBLK's management team is seasoned and experienced (6.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 6.5yrs | US$9.89k | 4.26% $ 44.4m | |
| Director | 2.5yrs | no data | 2.25% $ 23.4m | |
| Independent Director | no data | US$35.67k | 0.078% $ 814.4k | |
| Independent Non-Executive Chairman | 6.5yrs | US$15.49k | no data | |
| Director | 1yr | no data | no data | |
| Independent Director | 5.92yrs | no data | 0.0049% $ 51.0k | |
| Director | 0.67yr | no data | no data | |
| Independent Director | 4.67yrs | no data | 0.042% $ 442.2k | |
| Director | 0.67yr | no data | no data | |
| Director | 2.42yrs | no data | no data | |
| Director | 1yr | no data | no data |
2.4yrs
Average Tenure
64.5yo
Average Age
Experienced Board: SBLK's board of directors are not considered experienced ( 2.4 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$1.042b
- 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
| 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 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 00:35 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.