Financials Star Bulk Carriers Corp.

Equities

SBLK

MHY8162K2046

Marine Freight & Logistics

Market Closed - Nasdaq 16:00:00 2024-02-23 EST 5-day change 1st Jan Change
23.83 USD +3.56% Intraday chart for Star Bulk Carriers Corp. +9.01% +12.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 841.3 1,116 848.3 2,315 1,975 1,933 1,933 -
Enterprise Value (EV) 1 2,079 2,580 2,225 3,386 2,976 1,783 2,567 2,431
P/E ratio 12 x -69.5 x 88.3 x 3.38 x 3.48 x 12.1 x 7.38 x 6.83 x
Yield - 0.85% - 18.7% 26.5% 5.47% 8.51% 10.5%
Capitalization / Revenue 1.59 x 1.87 x 1.72 x 1.93 x 1.72 x 2.56 x 2.32 x 2.08 x
EV / Revenue 3.92 x 4.31 x 4.51 x 2.82 x 2.59 x 2.56 x 3.09 x 2.62 x
EV / EBITDA 7.97 x 10.9 x 9.71 x 3.76 x 3.68 x 4.7 x 5.12 x 4.21 x
EV / FCF -13.3 x -13.5 x 22.6 x 5.32 x 3.97 x 4.07 x 5.25 x 6.05 x
FCF Yield -7.52% -7.41% 4.43% 18.8% 25.2% 24.6% 19.1% 16.5%
Price to Book 0.46 x 0.73 x 0.55 x 1.06 x 0.98 x 1.37 x 1.11 x 1.04 x
Nbr of stocks (in thousands) 92,047 94,535 96,068 102,130 102,688 84,017 84,017 -
Reference price 2 9.140 11.81 8.830 22.67 19.23 23.01 23.01 23.01
Announcement Date 19-02-11 20-02-19 21-02-17 22-02-16 23-02-16 24-02-13 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 530 598.4 493.2 1,201 1,151 695.4 831.9 929.4
EBITDA 1 260.9 237.2 229.1 900.2 808.6 379.2 501.5 578
EBIT 1 158 113 86.78 747.6 651.9 240.8 438.5 484.9
Operating Margin 29.82% 18.88% 17.6% 62.23% 56.65% 34.62% 52.71% 52.17%
Earnings before Tax (EBT) 1 59.06 -16.09 9.812 680.5 566.2 173.7 259 289.5
Net income 1 59 -16.2 9.66 680.5 566 173.6 262.2 282.8
Net margin 11.13% -2.71% 1.96% 56.65% 49.19% 24.96% 31.51% 30.43%
EPS 2 0.7600 -0.1700 0.1000 6.710 5.520 1.760 3.119 3.368
Free Cash Flow 1 -156.3 -191.3 98.49 636.9 749 703 489.1 401.7
FCF margin -29.5% -31.97% 19.97% 53.02% 65.1% 100.37% 58.79% 43.22%
FCF Conversion (EBITDA) - - 43% 70.75% 92.63% 182.18% 97.53% 69.49%
FCF Conversion (Net income) - - 1,019.6% 93.59% 132.34% 355.29% 186.57% 142.03%
Dividend per Share 2 - 0.1000 - 4.250 5.100 1.259 1.957 2.416
Announcement Date 19-02-11 20-02-19 21-02-17 22-02-16 23-02-16 24-02-13 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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
Net sales 1 258.4 354.8 427.6 307.5 351 271.8 220.4 156.5 177.5 165.5 195.8 200.2 192.5 216.7 270.2
EBITDA 1 182.5 277.8 355.1 225.9 258.3 189.8 134.6 84.8 96.18 84.19 114 119.6 101.6 122.3 175.9
EBIT 1 144.4 238.7 315.9 187.4 219.3 150.3 94.88 49.73 61.18 49.71 80.16 87.56 85.38 107.8 158.3
Operating Margin 55.87% 67.27% 73.88% 60.95% 62.48% 55.29% 43.05% 31.77% 34.46% 30.04% 40.93% 43.74% 44.36% 49.77% 58.57%
Earnings before Tax (EBT) 1 124.2 220.4 300.2 170.4 200.1 109.7 86 45.98 44.23 43.75 39.66 64.42 33.65 52.16 108.9
Net income 1 124.2 220.4 300.2 170.4 200.1 109.7 85.8 45.88 44.32 43.66 39.71 64.42 33.65 52.16 108.9
Net margin 48.07% 62.11% 70.19% 55.41% 57.03% 40.35% 38.93% 29.31% 24.96% 26.38% 20.28% 32.18% 17.48% 24.07% 40.31%
EPS 2 1.220 2.150 2.930 1.670 1.950 1.070 0.8400 0.4400 0.4300 0.4500 0.4500 0.7649 0.4000 0.6240 1.296
Dividend per Share 2 0.7000 1.250 2.000 1.650 1.650 1.200 0.6000 0.3500 0.4000 0.2200 0.2922 0.4855 0.2976 0.3820 0.7929
Announcement Date 21-08-05 21-11-16 22-02-16 22-05-24 22-08-04 22-11-16 23-02-16 23-05-16 23-08-03 23-11-13 24-02-13 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 1,238 1,464 1,377 1,070 1,001 925 633 498
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.744 x 6.171 x 6.011 x 1.189 x 1.238 x 2.397 x 1.263 x 0.8609 x
Free Cash Flow 1 -156 -191 98.5 637 749 703 489 402
ROE (net income / shareholders' equity) 6.6% -1.06% 0.62% 37.5% 27.6% 11% 15.2% 16%
ROA (Net income/ Total Assets) 3.33% -0.52% 0.3% 19.6% 15.7% 6.01% 6.2% 5.1%
Assets 1 1,771 3,131 3,215 3,473 3,594 3,293 4,228 5,545
Book Value Per Share 2 19.70 16.10 16.10 21.40 19.60 16.80 20.80 22.10
Cash Flow per Share 2 2.190 0.9400 1.770 7.560 7.510 3.050 5.150 5.190
Capex 1 325 280 72.1 130 20.9 31 70 60.7
Capex / Sales 61.39% 46.76% 14.61% 10.83% 1.81% 4.43% 8.41% 6.53%
Announcement Date 19-02-11 20-02-19 21-02-17 22-02-16 23-02-16 24-02-13 - -
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
7
Last Close Price
23.01 USD
Average target price
25.43 USD
Spread / Average Target
+10.51%
Consensus
+229% on MICROSOFT CORPORATION since our purchase on January 11, 2019
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