-1.22%
-0.84%
-19.28%
-29.30%
-28.24%
-35.61%
89.52%
AI Spotlight on SBLK
Company Description
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide.The company's 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 December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels.
The company also provides vessel management services.Star Bulk Carriers Corp.was incorporated in 2006 and is based in Marousi, Greece.
Market Data
| Last Price | 15.37 |
| Change Percentage | -1.22% |
| Open | 15.7 |
| Previous Close | 15.56 |
| Market Cap ( Millions) | 1826 |
| Volume | 1372362 |
| Year High | 27.47 |
| Year Low | 14.3 |
| M A 50 | 15.89 |
| M A 200 | 21.08 |
Financial Ratios
| FCF Yield | 23.02% |
| Dividend Yield | 16.27% |
| ROE | 14.50% |
| Debt / Equity | 58.87% |
| Net Debt / EBIDTA | 195.02% |
| Price To Book | 0.71 |
| Price Earnings Ratio | 5.94 |
| Price To FCF | 4.34 |
| Price To sales | 1.5 |
| EV / EBITDA | 5.42 |
News
- Jan -28 - Why the Market Dipped But Star Bulk Carriers (SBLK) Gained Today
- Jan -21 - Star Bulk Carriers (SBLK) Flat As Market Gains: What You Should Know
- Jan -17 - Is Trending Stock Star Bulk Carriers Corp. (SBLK) a Buy Now?
- Jan -14 - Star Bulk Carriers (SBLK) Stock Drops Despite Market Gains: Important Facts to Note
- Jan -13 - Star Bulk Carriers (SBLK) Stock Sinks As Market Gains: Here's Why
- Jan -12 - Star Bulk Carriers: Lower Dividends On The Horizon
- Jan -09 - Charting The Course In Shipping With J Mintzmyer
- Jan -05 - 4 Of 35 Safe-Buy Dividend Power Dogs In January
- Jan -01 - Star Bulk Carriers (SBLK) Ascends While Market Falls: Some Facts to Note
- Dec -27 - Star Bulk Carriers: Potential Supply Imbalance Is A Bullish Tailwind
- Dec -25 - Star Bulk Carriers (SBLK) Stock Declines While Market Improves: Some Information for Investors
- Dec -18 - Here's Why Star Bulk Carriers (SBLK) Fell More Than Broader Market
- Dec -16 - Star Bulk Carriers Corp. Announces an Amended Dividend Policy and Share Buy-Back Under a New Share Repurchase Program
- Dec -09 - Star Bulk Carriers: 3 Reasons To Consider An Investment
- Nov -23 - Star Bulk Carriers: The More It Falls, The Richer The Dividend Yields
- Nov -22 - Oil's Rally Could Boost These 3 Shipping Stocks
- Nov -21 - Star Bulk Carriers Delivers Another Good Quarter
- Nov -20 - Star Bulk Carriers Corp. (SBLK) Q3 2024 Earnings Call Transcript
- Nov -19 - Star Bulk Carriers (SBLK) Q3 Earnings Meet Estimates
- Nov -19 - Star Bulk Carriers Corp. Reports Net Profit of $81.3 Million for the Third Quarter of 2024, and Declares Quarterly Dividend of $0.60 per Share
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Time Charters
Expected Growth : 5 %
What the company do ?
Time Charters from Star Bulk Carriers Corp. refer to a contract where a shipowner, like Star Bulk, leases its vessel to a charterer for a fixed period, usually several years, in exchange for a daily rate.
Why we expect these perspectives ?
Strong demand for dry bulk commodities, increasing global trade, and a growing fleet size driven by strategic acquisitions and newbuild deliveries contribute to Star Bulk Carriers Corp.'s 5% growth in Time Charters. Additionally, the company's cost-effective operations, diversified customer base, and favorable charter rates also support this growth.
Segment n°2 -> Voyage Charters
Expected Growth : 3 %
What the company do ?
Voyage Charters from Star Bulk Carriers Corp. refer to a type of shipping agreement where a vessel is hired for a specific voyage, allowing customers to transport bulk cargo.
Why we expect these perspectives ?
Strong demand for dry bulk commodities, particularly iron ore and coal, drives growth in Voyage Charters for Star Bulk Carriers Corp. Additionally, increasing global trade, fleet modernization, and a favorable tanker market contribute to the 3% growth. Furthermore, the company's strategic fleet expansion and cost-saving initiatives also support this growth.
Segment n°3 -> Pool
Expected Growth : 2 %
What the company do ?
Star Bulk Carriers Corp.'s Pool refers to a collaborative vessel-sharing agreement among shipowners, allowing for optimized fleet utilization and reduced operational costs.
Why we expect these perspectives ?
Star Bulk Carriers Corp.'s Pool segment growth is driven by increasing demand for dry bulk shipping, rising commodity prices, and growing global trade. Additionally, the company's modern fleet and operational efficiency enable it to capitalize on market opportunities, while its cost-saving initiatives and strategic partnerships further support growth.
Star Bulk Carriers Corp. Products
| Product Range | What is it ? |
|---|---|
| Dry Bulk Cargo Transportation | Star Bulk Carriers Corp. provides dry bulk cargo transportation services, specializing in the transportation of commodities such as iron ore, coal, and grains. |
| Vessel Management | The company offers vessel management services, including technical management, crew management, and commercial management. |
| Ship Brokerage | Star Bulk Carriers Corp. provides ship brokerage services, connecting buyers and sellers of dry bulk commodities and vessels. |
| Vessel Acquisition and Disposal | The company provides services for the acquisition and disposal of vessels, including sale and purchase, chartering, and financing. |
Star Bulk Carriers Corp.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for Star Bulk Carriers Corp. is medium due to the availability of alternative modes of transportation, such as road and rail, which can be used for certain types of cargo. However, the high cost and limited availability of these alternatives reduce the threat.
Bargaining Power Of Customers
The bargaining power of customers for Star Bulk Carriers Corp. is low due to the fragmented nature of the shipping industry, which reduces the negotiating power of individual customers.
Bargaining Power Of Suppliers
The bargaining power of suppliers for Star Bulk Carriers Corp. is medium due to the limited number of suppliers of dry bulk cargo ships and the high cost of switching suppliers.
Threat Of New Entrants
The threat of new entrants for Star Bulk Carriers Corp. is low due to the high barriers to entry, including the high cost of purchasing or leasing ships and the need for specialized expertise.
Intensity Of Rivalry
The intensity of rivalry for Star Bulk Carriers Corp. is high due to the highly competitive nature of the shipping industry, with many companies competing for a limited number of contracts.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 42.50% |
| Debt Cost | 7.37% |
| Equity Weight | 57.50% |
| Equity Cost | 9.31% |
| WACC | 8.48% |
| Leverage | 73.92% |
Star Bulk Carriers Corp. : Quality Control
Star Bulk Carriers Corp. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| HAFNI.OL | Hafnia Limited owns and operates oil product tankers. The company operates through four segments: Long Range II (LR2), Long Range I (LR1), Medium Range (MR), and Handy size (Handy). It … |
| WAWI.OL | Wallenius Wilhelmsen ASA, together with its subsidiaries, provides roll-on roll-off (RoRo) shipping and vehicle logistics services worldwide. It operates through three segments: Shipping Services, Logistics Services, and Government Services. The … |
| SNI.OL | Stolt-Nielsen Limited provides transportation, storage, and distribution solutions for bulk liquid chemicals, edible oils, acids, petroleum products, and other specialty liquids worldwide. It operates through five segments: Tankers, Terminals, Tank … |
| ODF.OL | Odfjell SE engages in the transportation and storage of bulk liquid chemicals, acids, edible oils, and other special products. The company operates Chemical Tankers and Tank Terminals segments. It owns … |
| BWLPG.OL | BW LPG Limited, an investment holding company, engages in shipowning and chartering activities worldwide. The company operates through two segments, Very Large Gas Carriers (VLGCs) and Product Services. It is … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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BW LPG
A-Score
1-Year Total Return ->
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Hafnia
A-Score
1-Year Total Return ->
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Stolt-Nielsen
A-Score
1-Year Total Return ->
4
Star Bulk Carriers
A-Score
1-Year Total Return ->
5
Odfjell
A-Score
1-Year Total Return ->
6
