STAR BULK CARRIERS CORP. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 25.52 USD | -0.22% |
|
-5.14% | +19.80% |
| May. 24 | Stifel Adjusts Price Target on Star Bulk Carriers to $32 From $28, Maintains Buy Rating | MT |
| May. 23 | Transcript : Star Bulk Carriers Corp., Q1 2024 Earnings Call, May 23, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,116 | 848.3 | 2,315 | 1,975 | 1,783 | 2,911 | - | - |
| Enterprise Value (EV) 1 | 2,580 | 2,225 | 3,386 | 2,976 | 2,760 | 3,746 | 3,575 | 3,322 |
| P/E ratio | -69.5 x | 88.3 x | 3.38 x | 3.48 x | 12.1 x | 6.55 x | 6.79 x | 6.07 x |
| Yield | 0.85% | - | 18.7% | 26.5% | 6.68% | 11.2% | 12.2% | 11.3% |
| Capitalization / Revenue | 1.87 x | 1.72 x | 1.93 x | 1.72 x | 2.56 x | 2.69 x | 2.52 x | 2.41 x |
| EV / Revenue | 4.31 x | 4.51 x | 2.82 x | 2.59 x | 3.97 x | 3.47 x | 3.09 x | 2.75 x |
| EV / EBITDA | 10.9 x | 9.71 x | 3.76 x | 3.68 x | 7.28 x | 5.55 x | 4.73 x | 4.13 x |
| EV / FCF | -13.5 x | 22.6 x | 5.32 x | 3.97 x | 4.83 x | 5.77 x | 7.24 x | 6.66 x |
| FCF Yield | -7.41% | 4.43% | 18.8% | 25.2% | 20.7% | 17.3% | 13.8% | 15% |
| Price to Book | 0.73 x | 0.55 x | 1.06 x | 0.98 x | 1.08 x | 1.18 x | 1.17 x | 1.1 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 | 25.58 | 25.58 | 25.58 |
| 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 | 1,081 | 1,156 | 1,209 |
| EBITDA 1 | 237.2 | 229.1 | 900.2 | 808.6 | 379.2 | 674.6 | 755.6 | 805 |
| EBIT 1 | 113 | 86.78 | 747.6 | 651.9 | 240.8 | 519.6 | 581 | 539.1 |
| Operating Margin | 18.88% | 17.6% | 62.23% | 56.65% | 34.62% | 48.08% | 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% | 38.62% | 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% | 60.03% | 42.72% | 41.28% |
| FCF Conversion (EBITDA) | - | 43% | 70.75% | 92.63% | 150.65% | 96.17% | 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 | 2.870 | 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 | 268.8 | 289.1 | 320.9 | 250.7 | 252.1 |
| EBITDA 1 | 355.1 | 225.9 | 258.3 | 189.8 | 134.6 | 84.8 | 96.18 | 84.19 | 114 | 123 | 158.5 | 171 | 221.1 | 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 | 112.2 | 145.6 | 163.5 | 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% | 41.72% | 50.36% | 50.97% | 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% | 33.39% | 38.62% | 43.97% | 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 | - | 0.6680 | 0.6480 | 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 | 1.237 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 | 82.2 | 78.1 |
| Capex / Sales | 46.76% | 14.61% | 10.83% | 1.81% | 2.2% | 7.77% | 7.11% | 6.46% |
| 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
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
25.58
USD
Average target price
30.55
USD
Spread / Average Target
+19.43%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.32% | 2.91B | |
| +51.92% | 14.45B | |
| +15.84% | 4.07B | |
| +11.37% | 3.39B | |
| +97.97% | 2.35B | |
| +30.04% | 2.06B | |
| +23.79% | 2.04B | |
| -13.21% | 1.94B | |
| +48.61% | 1.85B | |
| +27.33% | 1.83B |
- Stock Market
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- Financials Star Bulk Carriers Corp.
