Financials Star Bulk Carriers Corp.

Equities

SBLK

MHY8162K2046

Marine Freight & Logistics

Market Closed - Nasdaq Other stock markets 16:00:00 2025-07-11 EDT			5-day change	1st Jan Change
18.52 ^USD	+2.77%		+2.66%	+23.88%

05-15	Star Bulk Carriers Corp., Q1 2025 Earnings Call, May 15, 2025
05-14	Star Bulk Carriers Corp. Reports Earnings Results for the First Quarter Ended March 31, 2025	CI

Projected Income Statement: Star Bulk Carriers Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	493.2	1,201	1,151	695.4	999.2	875.5	1,042	1,062
Change	-	143.58%	-4.22%	-39.56%	43.69%	-12.38%	19.06%	1.9%
EBITDA ¹	229.1	900.2	808.6	379.2	524.6	424.2	563.4	622.2
Change	-	292.98%	-10.18%	-53.1%	38.35%	-19.14%	32.82%	10.43%
EBIT ¹	86.78	747.6	651.9	240.8	360.6	284	385.4	361.8
Change	-	761.45%	-12.8%	-63.06%	49.75%	-21.24%	35.72%	-6.13%
Interest Paid ¹	-69.56	-56.04	-52.58	-71.32	-91.83	-68.92	-55.88	-41.1
Earnings before Tax (EBT) ¹	9.812	680.5	566.2	173.7	304.5	148	317.6	462
Change	-	6,835.85%	-16.8%	-69.33%	75.35%	-51.41%	114.65%	45.45%
Net income ¹	9.66	680.5	566	173.6	304.7	187.1	329.7	402.7
Change	-	6,944.82%	-16.83%	-69.34%	75.54%	-38.6%	76.26%	22.14%
Announcement Date	2/17/21	2/16/22	2/16/23	2/13/24	2/18/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	86.37	156.6	144.7	160.4	258.4	354.8	427.6	307.5	351	271.8	220.4	156.5	177.5	165.5	195.8	202.3	280.5	273.8	242.6	174.3	189.3	234.2	277.6	212.3	233.5	282	257
Change	-	81.29%	-7.61%	10.88%	61.09%	37.31%	20.52%	-28.1%	14.14%	-22.55%	-18.93%	-28.96%	13.41%	-6.78%	18.33%	3.3%	38.68%	-2.42%	-11.37%	-28.15%	8.6%	23.71%	18.52%	-23.52%	9.99%	20.77%	-8.87%
EBITDA ¹	35.06	79.7	81.46	84.67	182.5	277.8	355.1	225.9	258.3	189.8	134.6	84.8	96.18	84.19	114	123	153.5	144.4	103.8	48.97	71.45	123.3	176.6	112.8	102.6	-	-
Change	-	127.32%	2.2%	3.94%	115.52%	52.25%	27.82%	-36.39%	14.35%	-26.5%	-29.11%	-36.99%	13.42%	-12.47%	35.45%	7.83%	24.8%	-5.94%	-28.07%	-52.84%	45.9%	72.51%	43.31%	-36.14%	-9.04%	-	-
EBIT ¹	-0.258	43.53	45.29	48.43	144.4	238.7	315.9	187.4	219.3	150.3	94.88	49.73	61.18	49.71	80.16	90.98	109.9	99.87	59.8	6.016	22.02	97.61	149.8	-	-	-	-
Change	-	16,973.26%	4.04%	6.94%	198.08%	65.34%	32.35%	-40.68%	17.01%	-31.46%	-36.87%	-47.58%	23.01%	-18.74%	61.23%	13.5%	20.82%	-9.14%	-40.12%	-89.94%	266.01%	343.29%	53.49%	-	-	-	-
Charge d'intérêts ¹	-17.83	-15.74	-15.43	-14.44	-15.02	-13.81	-12.76	-12.08	-12.23	-13.45	-14.82	-15.7	-16.03	-18.06	-21.53	-20.5	-25.61	-24.4	-21.32	-19.28	-18.34	-17.13	-16.1	-16.5	-16.4	-	-
Earnings before Tax (EBT) ¹	-44.14	23.26	27.88	35.76	124.2	220.4	300.2	170.4	200.1	109.7	86	45.98	44.23	43.75	39.66	74.75	106	81.25	42.49	0.493	6.254	46.38	94.64	40.65	56.85	104	82
Change	-	152.71%	19.86%	28.25%	247.31%	77.46%	36.17%	-43.23%	17.46%	-45.19%	-21.61%	-46.53%	-3.8%	-1.09%	-9.34%	88.45%	41.85%	-23.38%	-47.71%	-98.84%	1,168.66%	641.62%	104.03%	-57.05%	39.85%	82.94%	-21.15%
Net income ¹	-44.12	23.25	27.77	35.76	124.2	220.4	300.2	170.4	200.1	109.7	85.8	45.88	44.32	43.66	39.71	74.86	106.1	81.27	42.45	0.462	6.767	61.47	118.3	40.65	56.85	104	82
Change	-	152.7%	19.45%	28.76%	247.31%	77.45%	36.18%	-43.24%	17.48%	-45.19%	-21.79%	-46.53%	-3.39%	-1.5%	-9.04%	88.52%	41.71%	-23.39%	-47.77%	-98.91%	1,364.77%	808.42%	92.38%	-65.63%	39.85%	82.94%	-21.15%
Announcement Date	8/5/20	11/16/20	2/17/21	5/19/21	8/5/21	11/16/21	2/16/22	5/24/22	8/4/22	11/16/22	2/16/23	5/16/23	8/3/23	11/13/23	2/13/24	5/22/24	8/7/24	11/19/24	2/18/25	5/14/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Star Bulk Carriers Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,377	1,070	1,001	977	835	566	362	77
Change	-	-22.29%	-6.45%	-2.4%	-14.53%	-32.24%	-36.04%	-78.73%
Announcement Date	2/17/21	2/16/22	2/16/23	2/13/24	2/18/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Star Bulk Carriers Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	72.06	130.1	20.87	15.3	356.2	19.51	146.6	50
Change	-	80.61%	-83.96%	-26.71%	2,228.27%	-94.52%	651.06%	-65.88%
Free Cash Flow (FCF) ¹	98.49	636.9	749	571.3	115	295.5	440.5	585
Change	-	546.67%	17.6%	-23.73%	-79.87%	157.01%	49.07%	32.8%
Announcement Date	2/17/21	2/16/22	2/16/23	2/13/24	2/18/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Star Bulk Carriers Corp.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	46.45%	74.94%	70.28%	54.53%	52.5%	48.45%	54.05%	58.58%
EBIT Margin (%)	17.6%	62.23%	56.65%	34.62%	36.08%	32.43%	36.97%	34.06%
EBT Margin (%)	1.99%	56.65%	49.21%	24.97%	30.48%	16.9%	30.47%	43.49%
Net margin (%)	1.96%	56.65%	49.19%	24.96%	30.49%	21.37%	31.63%	37.91%
FCF margin (%)	19.97%	53.02%	65.1%	82.15%	11.51%	33.75%	42.26%	55.07%
FCF / Net Income (%)	1,019.6%	93.59%	132.34%	329.17%	37.74%	157.97%	133.6%	145.27%
Profitability
ROA	0.3%	19.59%	15.75%	5.37%	8.56%	2.65%	4.58%	11.4%
ROE	0.62%	37.5%	27.61%	9.43%	14.71%	5.87%	12.08%	16%
Financial Health
Leverage (Debt/EBITDA)	6.01x	1.19x	1.24x	2.58x	1.59x	1.34x	0.64x	0.12x
Debt / Free cash flow	13.98x	1.68x	1.34x	1.71x	7.26x	1.92x	0.82x	0.13x
Capital Intensity
CAPEX / Current Assets (%)	14.61%	10.83%	1.81%	2.2%	35.65%	2.23%	14.06%	4.71%
CAPEX / EBITDA (%)	31.46%	14.46%	2.58%	4.03%	67.89%	4.6%	26.01%	8.04%
CAPEX / FCF (%)	73.16%	20.43%	2.79%	2.68%	309.78%	6.6%	33.27%	8.55%
Items per share
Cash flow per share ¹	1.771	7.559	7.508	3.397	4.334	2.798	3.685	4.6
Change	-	326.72%	-0.67%	-54.76%	27.6%	-35.45%	31.7%	24.83%
Dividend per Share ¹	-	4.25	5.1	1.42	2.14	0.8412	1.791	2.285
Change	-	-	20%	-72.16%	50.7%	-60.69%	112.9%	27.59%
Book Value Per Share ¹	16.12	21.41	19.63	19.76	22.83	21.86	22.91	25.9
Change	-	32.83%	-8.31%	0.64%	15.55%	-4.27%	4.81%	13.06%
EPS ¹	0.1	6.71	5.52	1.76	2.8	1.511	3.047	3.47
Change	-	6,610%	-17.73%	-68.12%	59.09%	-46.05%	101.73%	13.87%
Nbr of stocks (in thousands)	96,068	102,130	102,688	83,862	117,892	115,604	115,604	115,604
Announcement Date	2/17/21	2/16/22	2/16/23	2/13/24	2/18/25	-	-	-