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Star Bulk Carriers

Nasdaq:SBLK
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBLK
Nasdaq
$950M
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The last earnings update was 43 days ago. More info.


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SBLK Share Price and Events
7 Day Returns
-1.6%
NasdaqGS:SBLK
-1%
US Shipping
0.7%
US Market
1 Year Returns
23.2%
NasdaqGS:SBLK
3.5%
US Shipping
13.7%
US Market
SBLK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Star Bulk Carriers (SBLK) -1.6% -8.6% -2.7% 23.2% 84.4% -76.1%
US Shipping -1% -0.9% 8.3% 3.5% 6.7% -60.4%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • SBLK outperformed the Shipping industry which returned 3.5% over the past year.
  • SBLK outperformed the Market in United States of America which returned 13.7% over the past year.
Price Volatility
SBLK
Industry
5yr Volatility vs Market

SBLK Value

 Is Star Bulk Carriers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Star Bulk Carriers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Star Bulk Carriers.

NasdaqGS:SBLK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 23.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SBLK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 15%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.746 (1 + (1- 29%) (154.46%))
1.379
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.379 * 14.99%)
23.4%

Discounted Cash Flow Calculation for NasdaqGS:SBLK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Star Bulk Carriers is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:SBLK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 23.4%)
2020 367.44 Analyst x3 297.77
2021 359.91 Analyst x2 236.37
2022 358.06 Est @ -0.51% 190.57
2023 359.71 Est @ 0.46% 155.15
2024 363.81 Est @ 1.14% 127.17
2025 369.69 Est @ 1.62% 104.72
2026 376.91 Est @ 1.95% 86.52
2027 385.14 Est @ 2.18% 71.65
2028 394.19 Est @ 2.35% 59.43
2029 403.89 Est @ 2.46% 49.35
Present value of next 10 years cash flows $1,378.00
NasdaqGS:SBLK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $403.89 × (1 + 2.73%) ÷ (23.4% – 2.73%)
$2,007.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,007.79 ÷ (1 + 23.4%)10
$245.31
NasdaqGS:SBLK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,378.00 + $245.31
$1,623.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,623.31 / 94.53
$17.17
NasdaqGS:SBLK Discount to Share Price
Calculation Result
Value per share (USD) From above. $17.17
Current discount Discount to share price of $10.05
= -1 x ($10.05 - $17.17) / $17.17
41.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Star Bulk Carriers is available for.
Intrinsic value
41%
Share price is $10.05 vs Future cash flow value of $17.17
Current Discount Checks
For Star Bulk Carriers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Star Bulk Carriers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Star Bulk Carriers's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Star Bulk Carriers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Star Bulk Carriers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SBLK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.08
NasdaqGS:SBLK Share Price ** NasdaqGS (2019-11-18) in USD $10.05
United States of America Shipping Industry PE Ratio Median Figure of 10 Publicly-Listed Shipping Companies 17.87x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Star Bulk Carriers.

NasdaqGS:SBLK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SBLK Share Price ÷ EPS (both in USD)

= 10.05 ÷ -0.08

-118.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Bulk Carriers is loss making, we can't compare its value to the US Shipping industry average.
  • Star Bulk Carriers is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Star Bulk Carriers's expected growth come at a high price?
Raw Data
NasdaqGS:SBLK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -118.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
79.5%per year
United States of America Shipping Industry PEG Ratio Median Figure of 9 Publicly-Listed Shipping Companies 0.33x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Star Bulk Carriers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Star Bulk Carriers's assets?
Raw Data
NasdaqGS:SBLK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $16.09
NasdaqGS:SBLK Share Price * NasdaqGS (2019-11-18) in USD $10.05
United States of America Shipping Industry PB Ratio Median Figure of 23 Publicly-Listed Shipping Companies 0.53x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqGS:SBLK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SBLK Share Price ÷ Book Value per Share (both in USD)

= 10.05 ÷ 16.09

0.62x

* Primary Listing of Star Bulk Carriers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Bulk Carriers is overvalued based on assets compared to the US Shipping industry average.
X
Value checks
We assess Star Bulk Carriers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Star Bulk Carriers has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SBLK Future Performance

 How is Star Bulk Carriers expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
79.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Star Bulk Carriers expected to grow at an attractive rate?
  • Star Bulk Carriers's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Star Bulk Carriers's earnings growth is expected to exceed the United States of America market average.
  • Star Bulk Carriers's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SBLK Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SBLK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 79.5%
NasdaqGS:SBLK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8.2%
United States of America Shipping Industry Earnings Growth Rate Market Cap Weighted Average 31.3%
United States of America Shipping Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SBLK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SBLK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 750 371 241 4
2020-12-31 763 382 272 4
2019-12-31 598 126 44 4
2019-11-19
NasdaqGS:SBLK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 722 116 -8
2019-03-31 697 43
2018-12-31 652 169 58
2018-09-30 550 71
2018-06-30 442 124 37
2018-03-31 388 106 16
2017-12-31 332 83 -10
2017-09-30 288 -67
2017-06-30 267 23 -99
2017-03-31 241 -1 -121
2016-12-31 222 -33 -154
2016-09-30 223 -432

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Star Bulk Carriers's earnings are expected to grow significantly at over 20% yearly.
  • Star Bulk Carriers's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SBLK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Star Bulk Carriers Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SBLK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.88 3.23 2.53 2.00
2020-12-31 2.73 2.85 2.60 2.00
2019-12-31 0.42 0.47 0.36 2.00
2019-11-19
NasdaqGS:SBLK Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.08
2019-03-31 0.51
2018-12-31 0.76
2018-09-30 1.01
2018-06-30 0.58
2018-03-31 0.25
2017-12-31 -0.16
2017-09-30 -1.09
2017-06-30 -1.74
2017-03-31 -2.34
2016-12-31 -3.24
2016-09-30 -9.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Star Bulk Carriers is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Star Bulk Carriers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Star Bulk Carriers has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SBLK Past Performance

  How has Star Bulk Carriers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Star Bulk Carriers's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Star Bulk Carriers does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Star Bulk Carriers's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Star Bulk Carriers's 1-year growth to the US Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Star Bulk Carriers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Star Bulk Carriers Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SBLK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 722.18 -7.75 35.30
2019-03-31 696.99 43.16 34.64
2018-12-31 651.56 58.40 34.69
2018-09-30 549.84 70.57 32.51
2018-06-30 442.17 37.09 30.34
2018-03-31 388.17 16.08 29.24
2017-12-31 331.98 -9.77 29.96
2017-09-30 287.51 -66.78 29.84
2017-06-30 266.62 -98.76 28.62
2017-03-31 240.67 -121.39 26.46
2016-12-31 222.11 -154.23 24.30
2016-09-30 223.02 -432.11 26.19
2016-06-30 231.92 -434.68 25.47
2016-03-31 235.09 -466.79 23.93
2015-12-31 234.29 -458.18 23.62
2015-09-30 235.78 -155.24 24.34
2015-06-30 203.78 -113.05 24.82
2015-03-31 182.28 -44.34 26.07
2014-12-31 147.39 -11.72 21.74
2014-09-30 113.30 3.25 20.09
2014-06-30 111.28 0.34 15.88
2014-03-31 22.53 -17.10 5.07
2013-12-31 69.89 1.85 9.91
2012-12-31 86.16 -314.52 9.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Star Bulk Carriers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Star Bulk Carriers used its assets less efficiently than the US Shipping industry average last year based on Return on Assets.
  • It is difficult to establish if Star Bulk Carriers improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Star Bulk Carriers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Star Bulk Carriers has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SBLK Health

 How is Star Bulk Carriers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Star Bulk Carriers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Star Bulk Carriers's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Star Bulk Carriers's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Star Bulk Carriers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Star Bulk Carriers Company Filings, last reported 4 months ago.

NasdaqGS:SBLK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,475.89 1,065.19 83.09
2019-03-31 1,523.30 1,421.95 155.32
2018-12-31 1,520.05 835.24 204.97
2018-09-30 1,507.52 1,463.78 224.46
2018-06-30 1,154.54 728.02 218.78
2018-03-31 1,097.39 762.49 248.29
2017-12-31 1,088.05 797.72 257.93
2017-09-30 1,063.51 1,037.08 235.55
2017-06-30 1,068.35 810.61 226.88
2017-03-31 1,074.80 1,010.86 213.42
2016-12-31 1,037.23 795.82 181.76
2016-09-30 1,068.99 798.55 183.20
2016-06-30 1,055.68 820.65 140.56
2016-03-31 1,086.85 867.48 138.51
2015-12-31 1,135.36 904.15 208.06
2015-09-30 1,443.40 932.87 234.50
2015-06-30 1,485.03 868.97 285.20
2015-03-31 1,368.49 866.17 215.98
2014-12-31 1,154.30 869.53 86.00
2014-09-30 1,010.32 580.44 93.45
2014-06-30 388.34 194.26 89.79
2014-03-31 -20.09 495.49 1.67
2013-12-31 266.11 190.33 53.55
2012-12-31 -1.41 68.01 1.15
  • Star Bulk Carriers's level of debt (72.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (50.2% vs 72.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if Star Bulk Carriers has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Star Bulk Carriers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Star Bulk Carriers has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SBLK Dividends

 What is Star Bulk Carriers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Star Bulk Carriers dividends. Estimated to be 0% next year.
If you bought $2,000 of Star Bulk Carriers shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Star Bulk Carriers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Star Bulk Carriers's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SBLK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Shipping Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SBLK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 2.00
2019-11-19

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Star Bulk Carriers has not reported any payouts.
  • Unable to verify if Star Bulk Carriers's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Star Bulk Carriers's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Star Bulk Carriers has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Star Bulk Carriers's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Star Bulk Carriers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Star Bulk Carriers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Star Bulk Carriers has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SBLK Management

 What is the CEO of Star Bulk Carriers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Petros Pappas
COMPENSATION $9,890
AGE 66
TENURE AS CEO 5.3 years
CEO Bio

Mr. Petros A. Pappas is a Founder of Star Bulk Carriers Corp. and has been its Chief Executive Officer since July 2014. Mr. Pappas serves as Principal Executive Officer of Star Cosmo LLC, Star Alpha LLC, Star Gamma LLC, Star Delta LLC, Star Epsilon LLC, Star Zeta LLC, Star Theta LLC, Star Kappa LLC, Star Omicron LLC, Star Aurora LLC, Star Borealis LLC, Star Polaris LLC, Star Bulk Manning LLC, Star Challenger I LLC, Star Challenger II LLC, Star Vega LLC, Star Sirius LLC, Star Castle I LLC, Star Castle II LLC, Star Ennea LLC, Star Cape I LLC, Star Cape II LLC, Star Asia I LLC, Star Asia II LLC, Star Axe I LLC, Star Axe II LLC, Star Seeker LLC, Star Breezer LLC, Star Omas LLC, Star Synergy LLC, Starbulk SA, Oceanbulk Shipping LLC, Oceanbulk Carriers LLC, Premier Voyage LLC, Oocape I Holdings LLC, Kmsrx Holdings LLC, Cape Horizon Shipping LLC, Cape Ocean Maritime LLC, L.A. Cape Shipping LLC, Grain Shipping LLC, Glory Supra Shipping LLC, Global Cape Shipping LLC, Sky Cape Shipping LLC, Pacific Cape Shipping LLC, Cape Confidence Shipping LLC, Oocape1 Holdings LLC, Cape Runner Shipping LLC, Olympia Shiptrade LLC, Victory Shipping LLC, Sea Cape Shipping LLC, Coral Cape Shipping LLC, Aurelia Shipping LLC, Pearl Shiptrade LLC, Rainbow Maritime LLC, Sea Diamond Shipping LLC, Majestic Shipping LLC, Nautical Shipping LLC, Mineral Shipping LLC, White Sand Shipping LLC, Clearwater Shipping LLC, Domus Shipping LLC, Festive Shipping LLC, Gravity Shipping LLC, Orion Maritime LLC, Spring Shipping LLC, Success Maritime LLC, Ultra Shipping LLC, Searay Maritime LLC, Blooming Navigation LLC, Oday Marine LLC, Jasmine Shipping LLC, Dioriga Shipping Company, Positive Shipping Company, International Holdings LLC, Star Trident I LLC, Star Trident II LLC, Star Trident III LLC, Star Trident IV LLC, Star Trident V LLC, Star Trident VI LLC, Star Trident VII LLC, Star Trident VIII LLC, Star Trident IX LLC, Star Trident X LLC, Star Trident XI LLC, Star Trident XII LLC, Star Trident XIII LLC, Star Trident XIV LLC, Star Trident XV LLC, Star Trident XVI LLC, Star Trident XVII LLC, Star Trident XVIII LLC, Star Trident XIX LLC, Star Trident XX LLC, Star Trident XXI LLC, Star Trident XXII LLC, Star Trident XXIII LLC, Star Trident XXIV LLC, Star Trident XXVI LLC, Star Trident XXVII LLC, Star Trident XXVIII LLC, Star Trident XXIX LLC, Star Trident XXX LLC, Star Trident XXXI LLC, Star Alta I LLC, Star Alta II LLC, Unity Holdings LLC, Lowlands Beilun Shipco LLC, Sandra Shipco LLC, Christine Shipco LLC, Star Bulk Shipmanagement Company (Cyprus) Limited, Star Mare LLC, Star Uranus LLC, Star Ventures LLC, Pacific Ventures Holdings LLC, Dry Ventures LLC, Star Elpis LLC and Star Gaia LLC. He Throughout his career as a Principal and Manager in the shipping industry. Mr. Pappas has extensive experience in operating and investing in shipping, including through his principal shipping operations and investment vehicle and has more than 39 years of experience and involvement in approximately 330 vessel acquisitions and dispositions. Mr. Pappas has been involved in over 120 vessel acquisitions and disposals. In 1989, Mr. Pappas founded Oceanbulk Maritime S.A. He also founded the Oceanbulk Group. He served as the Non-Executive Chairman of Star Bulk Carriers Corp., from May 13, 2005 to July 2014. Mr. Pappas has been a Director of Star Maritime Acquisition Corp. since May 13, 2005. He serves as a Director of Zeus Capital Partners L.P. Mr. Pappas has been a Director of the UK Defense Club, since January 2002 and a Member of the Union of Greek Shipowners (UGS). Mr. Pappas has been a Director of Star Bulk Carriers Corp. since May 13, 2005. He served as a Non–Executive Director of Piraeus Bank S.A. from May 30, 2014 to June 8, 2016. He was ranked among the top 25 Greek ship owners as evaluated by the United States Department of Commerce’s 2004 report on the Greek Shipping Industry. Mr. Pappas holds an M.B.A. from The University of Michigan, Ann Arbor and studied a B.A. in Economics.

CEO Compensation
  • Insufficient data for Petros to compare compensation growth.
  • Insufficient data for Petros to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Star Bulk Carriers management team in years:

5.3
Average Tenure
47
Average Age
  • The average tenure for the Star Bulk Carriers management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Petros Pappas

TITLE
Founder
COMPENSATION
$10K
AGE
66
TENURE
5.3 yrs

Hamish Norton

TITLE
President
AGE
60
TENURE
5.3 yrs

Simos Spyrou

TITLE
Co-Chief Financial Officer
AGE
45
TENURE
8.2 yrs

Christos Begleris

TITLE
Co-Chief Financial Officer
AGE
38
TENURE
5.3 yrs

Nicos Rescos

TITLE
Chief Operating Officer
AGE
47
TENURE
5.3 yrs

Zenon Kleopas

TITLE
Executive Vice President of Technical Operations
AGE
64

Georgia Mastagaki

TITLE
Co-General Counsel

Charis Plakantonaki

TITLE
Chief Strategy Officer
AGE
40
TENURE
2.6 yrs

Herman Billung

TITLE
Senior Vice President
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Star Bulk Carriers board of directors in years:

2.4
Average Tenure
63
Average Age
  • The average tenure for the Star Bulk Carriers board of directors is less than 3 years, this suggests a new board.
Board of Directors

Spyros Capralos

TITLE
Non-Executive Chairman
COMPENSATION
$15K
AGE
64
TENURE
5.3 yrs

Petros Pappas

TITLE
Founder
COMPENSATION
$10K
AGE
66

Koert Erhardt

TITLE
Independent Director
COMPENSATION
$36K
AGE
63

Tom Søfteland

TITLE
Independent Director
COMPENSATION
$38K
AGE
58

Emily Stephens

TITLE
Independent Director
COMPENSATION
$12K
AGE
43
TENURE
1 yrs

Mahesh Balakrishnan

TITLE
Independent Director
AGE
36
TENURE
4.8 yrs

Nikolaos Karellis

TITLE
Independent Director
AGE
68
TENURE
3.5 yrs

Arne Blystad

TITLE
Director
AGE
64
TENURE
1.3 yrs

Raffaele Zagari

TITLE
Director
AGE
50
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • Star Bulk Carriers individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Oct 19 Sell Nikolaos Karellis Individual 14. Oct 19 14. Oct 19 -6,000 $11.08 $-66,480
14. Aug 19 Buy Oaktree Capital Management, L.P. Company 14. Aug 19 14. Aug 19 1,020,656 $8.77 $8,949,589
04. Jun 19 Buy Oaktree Capital Management, L.P. Company 03. Jun 19 03. Jun 19 1,629,344 $7.68 $12,513,362
01. Apr 19 Buy Oaktree Capital Management, L.P. Company 29. Mar 19 29. Mar 19 1,622,446 $7.97 $12,924,121
12. Mar 19 Buy Spyros Capralos Individual 08. Mar 19 08. Mar 19 2,000 $6.53 $13,060
04. Jan 19 Buy Nikolaos Karellis Individual 03. Jan 19 03. Jan 19 12,000 $9.42 $113,040
03. Jan 19 Sell Nikolaos Karellis Individual 02. Jan 19 02. Jan 19 -12,000 $0.03 $-376
18. Dec 18 Buy Oaktree Capital Management, L.P. Company 17. Dec 18 17. Dec 18 1,453,984 $9.84 $14,307,203
30. Nov 18 Buy Oaktree Capital Management, L.P. Company 27. Nov 18 28. Nov 18 1,750,000 $9.70 $16,975,000
26. Nov 18 Buy Christos Begleris Individual 23. Nov 18 23. Nov 18 2,750 $8.67 $23,843
X
Management checks
We assess Star Bulk Carriers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Star Bulk Carriers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SBLK News

Simply Wall St News

If You Had Bought Star Bulk Carriers (NASDAQ:SBLK) Shares Three Years Ago You'd Have Made 128%

View our latest analysis for Star Bulk Carriers Given that Star Bulk Carriers didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Over the last three years Star Bulk Carriers has grown its revenue at 46% annually. … If you are thinking of buying or selling Star Bulk Carriers stock, you should check out this free report showing analyst profit forecasts.

Simply Wall St -

Is Star Bulk Carriers Corp. (NASDAQ:SBLK) Trading At A 45% Discount?

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $364.1m $359.9m $359.9m $362.9m $368.0m $374.6m $382.4m $391.1m $400.5m $410.5m Growth Rate Estimate Source Analyst x3 Analyst x2 Est @ 0.01% Est @ 0.82% Est @ 1.4% Est @ 1.8% Est @ 2.08% Est @ 2.27% Est @ 2.41% Est @ 2.51% Present Value ($, Millions) Discounted @ 22.35% $297.6 $240.4 $196.5 $162.0 $134.2 $111.7 $93.2 $77.9 $65.2 $54.6 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $1.4b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 22.3%. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$411m × (1 + 2.7%) ÷ (22.3% – 2.7%) = US$2.1b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$2.1b ÷ ( 1 + 22.3%)10 = $286.11m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is $1.72b.

Simply Wall St -

Should You Investigate Star Bulk Carriers Corp. (NASDAQ:SBLK) At US$9.01?

Great news for investors – Star Bulk Carriers is still trading at a fairly cheap price. … What’s more interesting is that, Star Bulk Carriers’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. … If you are no longer interested in Star Bulk Carriers, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

A Rising Share Price Has Us Looking Closely At Star Bulk Carriers Corp.'s (NASDAQ:SBLK) P/E Ratio

See our latest analysis for Star Bulk Carriers How Does Star Bulk Carriers's P/E Ratio Compare To Its Peers? … We can tell from its P/E ratio of 21.23 that there is some investor optimism about Star Bulk Carriers. … NasdaqGS:SBLK Price Estimation Relative to Market, July 24th 2019 Its relatively high P/E ratio indicates that Star Bulk Carriers shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

These 4 Measures Indicate That Star Bulk Carriers (NASDAQ:SBLK) Is Using Debt Extensively

NasdaqGS:SBLK Historical Debt, July 20th 2019 How Healthy Is Star Bulk Carriers's Balance Sheet? … Either way, since Star Bulk Carriers does have more debt than cash, it's worth keeping an eye on its balance sheet. … Our View To be frank both Star Bulk Carriers's interest cover and its track record of converting EBIT to free cash flow make us rather uncomfortable with its debt levels.

Simply Wall St -

How Does Star Bulk Carriers's (NASDAQ:SBLK) P/E Compare To Its Industry, After Its Big Share Price Gain?

It's great to see Star Bulk Carriers (NASDAQ:SBLK) shareholders have their patience rewarded with a 35% share price pop in the last month. … NasdaqGS:SBLK Price Estimation Relative to Market, July 10th 2019 Its P/E ratio suggests that Star Bulk Carriers shareholders think that in the future it will perform about the same as other companies in its industry classification. … The Bottom Line On Star Bulk Carriers's P/E Ratio Star Bulk Carriers's P/E is 21 which is above average (18) in its market.

Simply Wall St -

Star Bulk Carriers Corp. (NASDAQ:SBLK): What Does Its Beta Value Mean For Your Portfolio?

A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … Beta is worth considering, but it's also important to consider whether Star Bulk Carriers is growing earnings and revenue. … What this means for you: Since Star Bulk Carriers tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Have Insiders Been Buying Star Bulk Carriers Corp. (NASDAQ:SBLK) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Star Bulk Carriers Corp. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Star Bulk Carriers The Last 12 Months Of Insider Transactions At Star Bulk Carriers Director Arne Blystad made the biggest insider purchase in the last 12 months. … Insiders at Star Bulk Carriers Have Bought Stock Recently We saw some Star Bulk Carriers insider buying shares in the last three months.

Simply Wall St -

What Type Of Shareholder Owns Star Bulk Carriers Corp.'s (NASDAQ:SBLK)?

See our latest analysis for Star Bulk Carriers NasdaqGS:SBLK Ownership Summary, May 27th 2019 What Does The Institutional Ownership Tell Us About Star Bulk Carriers? … We can see that Star Bulk Carriers does have institutional investors; and they hold 22% of the stock. … Insider Ownership Of Star Bulk Carriers The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Introducing Star Bulk Carriers (NASDAQ:SBLK), The Stock That Zoomed 105% In The Last Three Years

To wit, the Star Bulk Carriers Corp. … See our latest analysis for Star Bulk Carriers There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. … Star Bulk Carriers is not the only stock that insiders are buying.

Simply Wall St -

SBLK Company Info

Description

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels. It also provides vessel management services to dry bulk vessels of various sizes. The company was incorporated in 2006 and is based in Maroussi, Greece.

Details
Name: Star Bulk Carriers Corp.
SBLK
Exchange: NasdaqGS
Founded: 2006
$950,073,694
94,534,696
Website: http://www.starbulk.com
Address: Star Bulk Carriers Corp.
40 Agiou Konstantinou Street,
Maroussi,
15124,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SBLK Common Stock Nasdaq Global Select US USD 12. Jul 2014
DB 4FAP Common Stock Deutsche Boerse AG DE EUR 12. Jul 2014
OB SBLK Common Stock Oslo Bors NO NOK 12. Jul 2014
BATS-CHIXE SBLKO Common Stock BATS 'Chi-X Europe' GB NOK 12. Jul 2014
Number of employees
Current staff
Staff numbers
169
Star Bulk Carriers employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 00:08
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/10/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.