Market Cap
US$3.8b
Last Updated
2021/03/03 00:30 UTC
Data Sources
Company Financials +
Executive Summary
Kirby Corporation operates domestic tank barges in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has Kirby's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KEX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: KEX's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-0.9%
KEX
1.2%
US Shipping
-0.7%
US Market
1 Year Return
-0.05%
KEX
35.1%
US Shipping
36.6%
US Market
Return vs Industry: KEX underperformed the US Shipping industry which returned 35.1% over the past year.
Return vs Market: KEX underperformed the US Market which returned 36.6% over the past year.
Shareholder returns
| KEX | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 1.2% | -0.7% |
| 30 Day | 25.8% | 26.8% | 4.3% |
| 90 Day | 20.4% | 41.8% | 8.1% |
| 1 Year | -0.05%-0.05% | 37.6%35.1% | 39.6%36.6% |
| 3 Year | -15.4%-15.4% | 22.5%14.0% | 53.5%43.7% |
| 5 Year | 10.5%10.5% | 10.8%-4.2% | 123.7%98.8% |
Long-Term Price Volatility Vs. Market
How volatile is Kirby's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
These 4 Measures Indicate That Kirby (NYSE:KEX) Is Using Debt Extensively3 weeks ago | Simply Wall St
This Insider Has Just Sold Shares In Kirby Corporation (NYSE:KEX)1 month ago | Simply Wall St
Kirby Corporation (NYSE:KEX) Just Reported And Analysts Have Been Lifting Their Price TargetsValuation
Is Kirby undervalued compared to its fair value and its price relative to the market?
15.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KEX ($63.85) is trading below our estimate of fair value ($75.11)
Significantly Below Fair Value: KEX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KEX is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.
PE vs Market: KEX 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 KEX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KEX is overvalued based on its PB Ratio (1.2x) compared to the US Shipping industry average (0.8x).
Next Steps
Future Growth
How is Kirby forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
110.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: KEX is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: KEX's is expected to become profitable in the next 3 years.
Revenue vs Market: KEX's revenue (4.9% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: KEX's revenue (4.9% 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
Next Steps
Past Performance
How has Kirby performed over the past 5 years?
-43.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEX is currently unprofitable.
Growing Profit Margin: KEX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KEX is unprofitable, and losses have increased over the past 5 years at a rate of 43.3% per year.
Accelerating Growth: Unable to compare KEX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KEX is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (13%).
Return on Equity
High ROE: KEX has a negative Return on Equity (-8.8%), as it is currently unprofitable.
Next Steps
Financial Health
How is Kirby's financial position?
Financial Position Analysis
Short Term Liabilities: KEX's short term assets ($1.0B) exceed its short term liabilities ($466.0M).
Long Term Liabilities: KEX's short term assets ($1.0B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: KEX's debt to equity ratio (47.6%) is considered high.
Reducing Debt: KEX's debt to equity ratio has increased from 33.9% to 47.6% over the past 5 years.
Debt Coverage: KEX's debt is well covered by operating cash flow (30.3%).
Interest Coverage: KEX is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
David Grzebinski (59 yo)
6.92yrs
Tenure
US$4,684,626
Compensation
Mr. David W. Grzebinski, CFA, has been Chief Executive Officer of Kirby Corporation since April 29, 2014 and its President since January 01, 2014. Mr. Grzebinski served as Chief Financial Officer of Kirby ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD4.68M) is about average for companies of similar size in the US market ($USD4.96M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.92yrs | US$4.68m | 0.11% $ 4.4m | |
| Executive VP & CFO | 3.08yrs | US$1.56m | 0.0065% $ 250.5k | |
| VP & Chief Information Officer | 1.92yrs | US$1.30m | no data | |
| President of Kirby Distribution & Services | 3.5yrs | US$1.32m | 0.035% $ 1.3m | |
| President of Kirby Inland Marine LP | 3.17yrs | US$1.44m | 0.037% $ 1.4m | |
| VP, Controller & Assistant Secretary | no data | no data | 0.021% $ 824.8k | |
| Vice President of Investor Relations | 3.25yrs | no data | 0.0085% $ 324.9k | |
| VP, General Counsel & Secretary | 4.17yrs | US$1.06m | 0.028% $ 1.1m | |
| Vice President of Public & Government Affairs | 3.42yrs | no data | 0.0040% $ 154.6k | |
| VP & Chief Human Resource Officer | 3.42yrs | no data | 0.010% $ 382.9k | |
| President of Kirby Engine Systems | 21.83yrs | US$855.75k | 0.037% $ 1.4m | |
| VP & Treasurer | 1.92yrs | no data | 0.00083% $ 31.8k |
3.4yrs
Average Tenure
53.5yo
Average Age
Experienced Management: KEX's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.92yrs | US$4.68m | 0.11% $ 4.4m | |
| Independent Presiding Director | no data | US$321.04k | 0.036% $ 1.4m | |
| Non-Executive Chairman | 7.92yrs | US$425.12k | 0.24% $ 9.3m | |
| Independent Director | 25.17yrs | US$321.04k | 0.11% $ 4.3m | |
| Independent Director | 6.17yrs | US$295.76k | 0.032% $ 1.2m | |
| Independent Director | 13.17yrs | US$303.54k | 0.040% $ 1.5m | |
| Independent Director | 14.92yrs | US$291.04k | 0.030% $ 1.2m | |
| Independent Director | 1.42yrs | US$119.28k | 0.0087% $ 334.5k | |
| Independent Director | 8.25yrs | US$317.29k | 0.30% $ 11.5m | |
| Independent Director | 5.42yrs | US$283.54k | 0.027% $ 1.0m |
7.9yrs
Average Tenure
65.5yo
Average Age
Experienced Board: KEX's board of directors are considered experienced (7.9 years average tenure).
Ownership
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
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Kirby Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kirby Corporation
- Ticker: KEX
- Exchange: NYSE
- Founded: 1921
- Industry: Marine
- Sector: Transportation
- Market Cap: US$3.836b
- Shares outstanding: 60.09m
- Website: https://kirbycorp.com
Number of Employees
Location
- Kirby Corporation
- 55 Waugh Drive
- Suite 1000
- Houston
- Texas
- 77007
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KEX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Sep 1976 |
| KIY | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1976 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 00:30 |
| End of Day Share Price | 2021/03/02 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.