Kirby Corporation operates domestic tank barges in the United States.
Proven track record and fair value.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KEX underperformed the US Shipping industry which returned -29.7% over the past year.
Return vs Market: KEX underperformed the US Market which returned -11.5% over the past year.
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
4 days ago | Simply Wall StWhat Is Kirby's (NYSE:KEX) P/E Ratio After Its Share Price Tanked?
5 days ago | Simply Wall StHave Insiders Been Selling Kirby Corporation (NYSE:KEX) Shares This Year?
2 weeks ago | Simply Wall StHow Does Kirby's (NYSE:KEX) P/E Compare To Its Industry, After The Share Price Drop?
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 ($43) is trading below our estimate of fair value ($201.89)
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 (18.1x) compared to the Shipping industry average (7.3x).
PE vs Market: KEX is poor value based on its PE Ratio (18.1x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: KEX is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: KEX is overvalued based on its PB Ratio (0.8x) compared to the US Shipping industry average (0.3x).
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 (18.3% per year) is above the savings rate (1.7%).
Earnings vs Market: KEX's earnings (18.3% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: KEX's earnings are forecast to grow, but not significantly.
Revenue vs Market: KEX's revenue (1.8% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: KEX's revenue (1.8% 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's current net profit margins (5%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: KEX's earnings have declined by -10.7% per year over the past 5 years.
Accelerating Growth: KEX's earnings growth over the past year (81.7%) exceeds its 5-year average (-10.7% per year).
Earnings vs Industry: KEX earnings growth over the past year (81.7%) exceeded the Shipping industry -24.1%.
Return on Equity
High ROE: KEX's Return on Equity (4.2%) is considered low.
How is Kirby's financial position?
Financial Position Analysis
Short Term Liabilities: KEX's short term assets ($917.6M) exceed its short term liabilities ($514.1M).
Long Term Liabilities: KEX's short term assets ($917.6M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: KEX's debt to equity ratio (40.6%) is considered high.
Reducing Debt: KEX's debt to equity ratio has increased from 31.7% to 40.6% over the past 5 years.
Debt Coverage: KEX's debt is well covered by operating cash flow (37.4%).
Interest Coverage: KEX's interest payments on its debt are well covered by EBIT (4.3x coverage).
Inventory Level: KEX has a high level of physical assets or inventory.
Debt Coverage by Assets: KEX's debt is not covered by short term assets (assets are 0.7x debt).
What is Kirby's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate KEX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KEX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KEX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KEX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Grzebinski (58yo)
Mr. David W. Grzebinski, CFA has been Chief Executive Officer of Kirby Corporation since April 29, 2014 and its President since January 01, 2014. Mr. Grzebinski served as Chief Financial Officer of Kirby C ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD4.68M) is about average for companies of similar size in the US market ($USD5.51M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||2yrs||US$1.56m||0.0030% $76.3k|
|VP & Chief Information Officer||0.92yr||US$1.30m||no data|
|President of Kirby Distribution & Services||2.5yrs||US$1.32m||0.038% $974.2k|
|President of Kirby Inland Marine||2.17yrs||US$1.44m||0.038% $993.0k|
|VP, Controller & Assistant Secretary||no data||no data||0.020% $525.7k|
|Vice President of Investor Relations||2.25yrs||no data||0.0056% $145.5k|
|VP, General Counsel & Secretary||3.17yrs||US$1.06m||0.029% $741.0k|
|Vice President of Public & Government Affairs||2.42yrs||no data||0.0036% $93.6k|
|VP & Chief Human Resource Officer||2.42yrs||no data||0.0045% $117.1k|
Experienced Management: KEX's management team is considered experienced (2.4 years average tenure).
|Independent Presiding Director||no data||US$321.04k||0.029% $746.2k|
|Non-Executive Chairman||6.92yrs||US$425.12k||0.23% $6.0m|
|Independent Director||24.17yrs||US$321.04k||0.11% $2.7m|
|Independent Director||5.17yrs||US$295.76k||0.022% $567.4k|
|Independent Director||12.17yrs||US$303.54k||0.033% $847.0k|
|Independent Director||13.92yrs||US$291.04k||0.024% $610.0k|
|Independent Director||0.42yr||US$119.28k||0.0020% $52.1k|
|Independent Director||7.25yrs||US$317.29k||0.37% $9.6m|
|Independent Director||4.42yrs||US$283.54k||0.020% $523.6k|
Experienced Board: KEX's board of directors are considered experienced (6.9 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 company bio, employee growth, exchange listings and data sources
- Name: Kirby Corporation
- Ticker: KEX
- Exchange: NYSE
- Founded: 1921
- Industry: Marine
- Sector: Transportation
- Market Cap: US$2.579b
- Shares outstanding: 59.98m
- Website: https://www.kirbycorp.com
Number of Employees
- Kirby Corporation
- 55 Waugh Drive
- Suite 1000
- United States
|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|
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. This segment 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. As of December 31, 2019, this segment owned and operated 1,053 inland tank barges with 23.4 million barrels of capacity, 299 inland towboats, 49 coastal tank barges with 4.7 million barrels of capacity, 47 coastal tugboats, 4 offshore dry-bulk cargo barges, 4 offshore tugboats, and 1 docking tugboat. The company’s Distribution and Services segment sells replacement parts; provides service mechanics to overhaul and repair engines, transmissions, reduction gears, and related oilfield services equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment used in oilfield services, marine, power generation, on-highway, and other industrial applications; rents industrial compressors, railcar movers, and high capacity lift trucks; and manufactures and remanufactures oilfield service equipment, including pressure pumping units. It serves oilfield service, on-highway transportation, marine transportation, commercial fishing, construction, and power generation companies, as well as oil and gas operators and producers, and the United States government. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 01:33|
|End of Day Share Price||2020/03/27 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.