Company Valuation: Star Bulk Carriers Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,315 1,975 1,783 1,762 2,188 2,977 - -
Change - -14.71% -9.71% -1.14% 24.15% 36.04% - -
Enterprise Value (EV) 1 3,386 2,976 2,760 2,598 2,759 3,345 3,149 2,945
Change - -12.12% -7.23% -5.89% 6.22% 21.23% -5.87% -6.46%
P/E ratio 3.38x 3.48x 12.1x 5.34x 26.3x 7.91x 7.89x 6.72x
PBR 1.06x 0.98x 1.08x 0.65x 0.89x 1.17x 1.17x 1.13x
PEG - -0.2x -0.2x 0.1x -0.4x 0x 45.22x 0.4x
Capitalization / Revenue 1.93x 1.72x 2.56x 1.76x 2.64x 2.82x 2.84x 2.72x
EV / Revenue 2.82x 2.59x 3.97x 2.6x 3.33x 3.17x 3.01x 2.69x
EV / EBITDA 3.76x 3.68x 7.28x 4.95x 8.33x 5.62x 5.14x 4.55x
EV / EBIT 4.53x 4.56x 11.5x 7.2x 16.9x 7.74x 8.14x 6.88x
EV / FCF 5.32x 3.97x 4.83x 22.6x 14.2x 6.79x 6.53x 5.95x
FCF Yield 18.8% 25.2% 20.7% 4.43% 7.06% 14.7% 15.3% 16.8%
Dividend per Share 2 4.25 5.1 1.42 2.14 0.58 3.13 3.058 3.623
Rate of return 18.7% 26.5% 6.68% 14.3% 3.02% 11.7% 11.5% 13.6%
EPS 2 6.71 5.52 1.76 2.8 0.73 3.376 3.381 3.972
Distribution rate 63.3% 92.4% 80.7% 76.4% 79.5% 92.7% 90.4% 91.2%
Net sales 1 1,201 1,151 695.4 999.2 827.5 1,056 1,047 1,095
EBITDA 1 900.2 808.6 379.2 524.6 331.2 594.8 612.4 647.8
EBIT 1 747.6 651.9 240.8 360.6 162.9 432 386.6 428
Net income 1 680.5 566 173.6 304.7 84.17 394.3 378.9 445.5
Net Debt 1 1,070 1,001 977.4 835.3 571.2 368.3 171.8 -31.7
Reference price 2 22.67 19.23 21.26 14.95 19.22 26.69 26.69 26.69
Nbr of stocks (in thousands) 102,130 102,688 83,862 117,892 113,847 111,531 - -
Announcement Date 2/16/22 2/16/23 2/13/24 2/18/25 2/25/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.1x3.24x5.75x11.45% 3.05B
8.85x1.31x4.41x5.72% 14.67B
82.24x19.94x31.01x1.74% 5.84B
8.85x1.43x4.88x8.6% 5.68B
10.07x - - - 3.3B
-10.92x1.05x8.34x-.--% 3.1B
7.73x2.48x6.55x12.89% 2.93B
5.04x2.3x3.39x - 2.42B
4.41x2.52x3.85x0.33% 2.14B
6.76x3.59x5.03x2.91% 2.08B
Average 13.12x 4.21x 8.13x 5.46% 4.52B
Weighted average by Cap. 16.43x 4.36x 8.66x 5.63%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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