Kirby Corporation operates domestic tank barges in the United States.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$56.82|
|52 Week High||US$35.76|
|52 Week Low||US$70.60|
|1 Month Change||11.63%|
|3 Month Change||-4.04%|
|1 Year Change||47.62%|
|3 Year Change||-22.48%|
|5 Year Change||-3.71%|
|Change since IPO||1,145.37%|
Recent News & Updates
Should You Think About Buying Kirby Corporation (NYSE:KEX) Now?
Kirby Corporation ( NYSE:KEX ), is not the largest company out there, but it received a lot of attention from a...
Here's Why Kirby (NYSE:KEX) Has A Meaningful Debt Burden
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Kirby Looking More Interesting After Some Recent Underperformance
Kirby is starting to see inland barge demand recover off of the pandemic-driven bottoms, with refinery utilization and refined product demand improving in recent months. Coastal barge demand isn't likely to show the same inflection, but the D&S business could surprise some with increased demand from on-highway, industrial, and energy customers, and better margin leverage. A near-term fair value of $65 to $70 makes Kirby a name worth considering today.
Is Kirby Corporation (NYSE:KEX) Trading At A 43% Discount?
Today we will run through one way of estimating the intrinsic value of Kirby Corporation ( NYSE:KEX ) by projecting its...
|KEX||US Shipping||US Market|
Return vs Industry: KEX underperformed the US Shipping industry which returned 104.2% over the past year.
Return vs Market: KEX exceeded the US Market which returned 30.3% over the past year.
Stable Share Price: KEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: KEX's weekly volatility (4%) has been stable over the past year.
About the Company
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii. It also transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barge and tugboat units that are engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade.
Kirby Fundamentals Summary
|KEX fundamental statistics|
Is KEX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KEX income statement (TTM)|
|Cost of Revenue||US$1.46b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||0.94|
|Net Profit Margin||2.77%|
How did KEX perform over the long term?See historical performance and comparison
Is Kirby undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KEX ($56.82) is trading below our estimate of fair value ($136.69)
Significantly Below Fair Value: KEX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KEX is poor value based on its PE Ratio (60.4x) compared to the US Shipping industry average (10.5x).
PE vs Market: KEX is poor value based on its PE Ratio (60.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: KEX is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: KEX's PB Ratio (1.1x) is in line with the US Shipping industry average.
How is Kirby forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEX's forecast earnings growth (68.6% per year) is above the savings rate (2%).
Earnings vs Market: KEX's earnings (68.6% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KEX's revenue (9.6% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: KEX's revenue (9.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if KEX's Return on Equity is forecast to be high in 3 years time
How has Kirby performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEX has high quality earnings.
Growing Profit Margin: KEX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: KEX's earnings have declined by 40.6% per year over the past 5 years.
Accelerating Growth: KEX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: KEX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (359.5%).
Return on Equity
High ROE: KEX's Return on Equity (1.8%) is considered low.
How is Kirby's financial position?
Financial Position Analysis
Short Term Liabilities: KEX's short term assets ($963.1M) exceed its short term liabilities ($498.2M).
Long Term Liabilities: KEX's short term assets ($963.1M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: KEX's debt to equity ratio (41.1%) is considered high.
Reducing Debt: KEX's debt to equity ratio has increased from 33.9% to 41.1% over the past 5 years.
Debt Coverage: KEX's debt is well covered by operating cash flow (31.4%).
Interest Coverage: KEX's interest payments on its debt are not well covered by EBIT (1.9x coverage).
What is Kirby current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KEX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KEX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KEX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KEX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Grzebinski (60 yo)
Mr. David W. Grzebinski, CFA, has been Chief Executive Officer of Kirby Corporation since April 29, 2014 and its President since January 01, 2014. Mr. Grzebinski served as Chief Financial Officer of Kirby...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD4.21M) is about average for companies of similar size in the US market ($USD5.19M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Experienced Management: KEX's management team is considered experienced (4 years average tenure).
Experienced Board: KEX's board of directors are considered experienced (7.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KEX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Kirby Corporation's employee growth, exchange listings and data sources
- Name: Kirby Corporation
- Ticker: KEX
- Exchange: NYSE
- Founded: 1921
- Industry: Marine
- Sector: Transportation
- Market Cap: US$3.415b
- Shares outstanding: 60.11m
- Website: https://kirbycorp.com
Number of Employees
- Kirby Corporation
- 55 Waugh Drive
- Suite 1000
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/23 22:21|
|End of Day Share Price||2021/10/22 00:00|
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.