NYSE:KEX

Stock Analysis Report

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Executive Summary

Kirby Corporation operates domestic tank barges in the United States. More Details


Snowflake Analysis

Moderate growth potential and slightly overvalued.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.4%

KEX

4.0%

US Shipping

3.9%

US Market


1 Year Return

-53.7%

KEX

-35.6%

US Shipping

18.5%

US Market

Return vs Industry: KEX underperformed the US Shipping industry which returned -37.1% over the past year.

Return vs Market: KEX underperformed the US Market which returned 17.2% over the past year.


Shareholder returns

KEXIndustryMarket
7 Day-1.4%4.0%3.9%
30 Day-14.8%-1.4%-4.3%
90 Day-28.4%2.0%8.1%
1 Year-53.7%-53.7%-34.0%-35.6%21.2%18.5%
3 Year-44.9%-44.9%-26.3%-32.3%38.2%29.0%
5 Year-44.8%-44.8%-56.2%-62.6%84.3%63.4%

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

Valuation

Is Kirby undervalued compared to its fair value and its price relative to the market?

44.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KEX ($36.17) is trading below our estimate of fair value ($65.61)

Significantly Below Fair Value: KEX is trading below fair value by more than 20%.


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 (0.7x) compared to the US Shipping industry average (0.3x).


Next Steps

Future Growth

How is Kirby forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

159.4%

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 (2.2%).

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 (6.9% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: KEX's revenue (6.9% 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?

-28.9%

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 28.9% 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 (-5%).


Return on Equity

High ROE: KEX has a negative Return on Equity (-8.87%), 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 ($1.1B) exceed its short term liabilities ($478.7M).

Long Term Liabilities: KEX's short term assets ($1.1B) do not cover its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: KEX's debt to equity ratio (53.8%) is considered high.

Reducing Debt: KEX's debt to equity ratio has increased from 35.8% to 53.8% over the past 5 years.

Debt Coverage: KEX's debt is well covered by operating cash flow (34.4%).

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?

2.9yrs

Average management tenure


CEO

David Grzebinski (59 yo)

6.42yrs

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 C ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD4.68M) is about average for companies of similar size in the US market ($USD4.57M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
David Grzebinski
President6.42yrsUS$4.68m0.11%
$ 2.4m
William Harvey
Executive VP & CFO2.5yrsUS$1.56m0.0030%
$ 64.3k
Scott Miller
VP & Chief Information Officer1.42yrsUS$1.30mno data
Joseph Reniers
President of Kirby Distribution & Services3yrsUS$1.32m0.038%
$ 818.2k
Christian O'Neil
President of Kirby Inland Marine LP2.67yrsUS$1.44m0.038%
$ 835.2k
Ronald Dragg
VP, Controller & Assistant Secretaryno datano data0.020%
$ 442.1k
Eric Holcomb
Vice President of Investor Relations2.75yrsno data0.0056%
$ 122.3k
Amy Husted
VP, General Counsel & Secretary3.67yrsUS$1.06m0.029%
$ 623.2k
William Woodruff
Vice President of Public & Government Affairs2.92yrsno data0.0036%
$ 78.6k
Kim Clarke
VP & Chief Human Resource Officer2.92yrsno data0.0062%
$ 134.6k
Dorman Strahan
President of Kirby Engine Systems21.33yrsUS$855.75k0.037%
$ 793.5k
Kurt Niemietz
VP & Treasurer1.42yrsno data0.00043%
$ 9.3k

2.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: KEX's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Grzebinski
President6.42yrsUS$4.68m0.11%
$ 2.4m
Richard Alario
Independent Presiding Directorno dataUS$321.04k0.036%
$ 773.5k
Joseph Pyne
Non-Executive Chairman7.42yrsUS$425.12k0.24%
$ 5.2m
C. Day
Independent Director24.67yrsUS$321.04k0.11%
$ 2.4m
Barry Davis
Independent Director5.67yrsUS$295.76k0.032%
$ 688.6k
Richard Stewart
Independent Director12.67yrsUS$303.54k0.040%
$ 858.4k
Monte Miller
Independent Director14.42yrsUS$291.04k0.030%
$ 659.1k
Tanya Beder
Independent Director0.92yrUS$119.28k0.0087%
$ 189.6k
William Waterman
Independent Director7.75yrsUS$317.29k0.34%
$ 7.4m
Anne-Marie Ainsworth
Independent Director4.92yrsUS$283.54k0.027%
$ 586.3k

7.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: KEX's board of directors are considered experienced (7.4 years average tenure).


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

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$2.172b
  • Shares outstanding: 60.04m
  • Website: https://www.kirbycorp.com

Number of Employees


Location

  • Kirby Corporation
  • 55 Waugh Drive
  • Suite 1000
  • Houston
  • Texas
  • 77007
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KEXNYSE (New York Stock Exchange)YesCommon StockUSUSDSep 1976
KIYDB (Deutsche Boerse AG)YesCommon StockDEEURSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 23:49
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.