Financials Star Bulk Carriers Corp.

Equities

SBLK

MHY8162K2046

Marine Freight & Logistics

Market Closed - Nasdaq 16:00:00 2024-06-14 EDT 5-day change 1st Jan Change
23.77 USD -4.38% Intraday chart for Star Bulk Carriers Corp. -7.08% +11.81%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,116 848.3 2,315 1,975 1,783 2,705 - -
Enterprise Value (EV) 1 2,580 2,225 3,386 2,976 2,760 3,540 3,369 3,116
P/E ratio -69.5 x 88.3 x 3.38 x 3.48 x 12.1 x 6.08 x 6.31 x 5.64 x
Yield 0.85% - 18.7% 26.5% 6.68% 11.3% 13.1% 12.1%
Capitalization / Revenue 1.87 x 1.72 x 1.93 x 1.72 x 2.56 x 2.55 x 2.34 x 2.24 x
EV / Revenue 4.31 x 4.51 x 2.82 x 2.59 x 3.97 x 3.33 x 2.91 x 2.58 x
EV / EBITDA 10.9 x 9.71 x 3.76 x 3.68 x 7.28 x 5.43 x 4.46 x 3.87 x
EV / FCF -13.5 x 22.6 x 5.32 x 3.97 x 4.83 x 5.46 x 6.82 x 6.24 x
FCF Yield -7.41% 4.43% 18.8% 25.2% 20.7% 18.3% 14.7% 16%
Price to Book 0.73 x 0.55 x 1.06 x 0.98 x 1.08 x 1.1 x 1.09 x 1.02 x
Nbr of stocks (in thousands) 94,535 96,068 102,130 102,688 83,862 113,811 - -
Reference price 2 11.81 8.830 22.67 19.23 21.26 23.77 23.77 23.77
Announcement Date 2/19/20 2/17/21 2/16/22 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 598.4 493.2 1,201 1,151 695.4 1,063 1,156 1,209
EBITDA 1 237.2 229.1 900.2 808.6 379.2 652.2 755.6 805
EBIT 1 113 86.78 747.6 651.9 240.8 504.5 581 539.1
Operating Margin 18.88% 17.6% 62.23% 56.65% 34.62% 47.47% 50.24% 44.6%
Earnings before Tax (EBT) 1 -16.09 9.812 680.5 566.2 173.7 405.5 414.3 478.5
Net income 1 -16.2 9.66 680.5 566 173.6 417.4 442.6 496.9
Net margin -2.71% 1.96% 56.65% 49.19% 24.96% 39.27% 38.27% 41.1%
EPS 2 -0.1700 0.1000 6.710 5.520 1.760 3.907 3.769 4.216
Free Cash Flow 1 -191.3 98.49 636.9 749 571.3 648.8 494 499
FCF margin -31.97% 19.97% 53.02% 65.1% 82.15% 61.05% 42.72% 41.28%
FCF Conversion (EBITDA) - 43% 70.75% 92.63% 150.65% 99.47% 65.38% 61.99%
FCF Conversion (Net income) - 1,019.6% 93.59% 132.34% 329.17% 155.44% 111.6% 100.43%
Dividend per Share 2 0.1000 - 4.250 5.100 1.420 2.688 3.120 2.880
Announcement Date 2/19/20 2/17/21 2/16/22 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 427.6 307.5 351 271.8 220.4 156.5 177.5 165.5 195.8 202.3 257.5 284.1 315.5 250.7 252.1
EBITDA 1 355.1 225.9 258.3 189.8 134.6 84.8 96.18 84.19 114 123 146.4 164.7 210.1 210.8 175.1
EBIT 1 315.9 187.4 219.3 150.3 94.88 49.73 61.18 49.71 80.16 90.98 104.5 136.7 157.9 121.6 131.7
Operating Margin 73.88% 60.95% 62.48% 55.29% 43.05% 31.77% 34.46% 30.04% 40.93% 44.97% 40.59% 48.11% 50.04% 48.5% 52.25%
Earnings before Tax (EBT) 1 300.2 170.4 200.1 109.7 86 45.98 44.23 43.75 39.66 74.75 85.71 108 136.9 29.5 45.5
Net income 1 300.2 170.4 200.1 109.7 85.8 45.88 44.32 43.66 39.71 74.86 89.76 111.6 141.1 29.5 45.5
Net margin 70.19% 55.41% 57.03% 40.35% 38.93% 29.31% 24.96% 26.38% 20.28% 37% 34.86% 39.3% 44.71% 11.77% 18.05%
EPS 2 2.930 1.670 1.950 1.070 0.8400 0.4400 0.4300 0.4500 0.4500 0.8900 0.8181 0.9642 1.199 0.2600 0.4000
Dividend per Share 2 2.000 1.650 1.650 1.200 0.6000 0.3500 0.4000 0.2200 0.4500 - 0.6133 0.6200 0.8540 0.6650 0.8700
Announcement Date 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 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,464 1,377 1,070 1,001 977 835 663 411
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.171 x 6.011 x 1.189 x 1.238 x 2.577 x 1.28 x 0.878 x 0.5105 x
Free Cash Flow 1 -191 98.5 637 749 571 649 494 499
ROE (net income / shareholders' equity) -1.06% 0.62% 37.5% 27.6% 9.43% 19.7% 16.6% 18.4%
ROA (Net income/ Total Assets) -0.52% 0.3% 19.6% 15.7% 5.37% 8.1% 4.3% 11.4%
Assets 1 3,131 3,215 3,473 3,594 3,231 5,153 10,294 4,359
Book Value Per Share 2 16.10 16.10 21.40 19.60 19.80 21.70 21.80 23.20
Cash Flow per Share 2 0.9400 1.770 7.560 7.510 3.400 5.330 6.000 6.260
Capex 1 280 72.1 130 20.9 15.3 84 81 87
Capex / Sales 46.76% 14.61% 10.83% 1.81% 2.2% 7.9% 7% 7.2%
Announcement Date 2/19/20 2/17/21 2/16/22 2/16/23 2/13/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
23.77 USD
Average target price
30.55 USD
Spread / Average Target
+28.52%
Consensus
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  4. Financials Star Bulk Carriers Corp.