Kirby Corporation (KEX) vs Star Bulk Carriers Corp. (SBLK)

Kirby Corporation and Star Bulk Carriers Corp. are both Marine Shipping companies. Kirby Corporation is the larger, with a market value of $6.9B against $3.4B — 2.0× the size. Star Bulk Carriers Corp. trades at the lower P/E: 11.5× against 19.7×. Kirby Corporation grew revenue faster over the last twelve months: 6.56% against 6.34%. Star Bulk Carriers Corp. has the higher net margin (23.9% vs 10.2%) and the higher return on invested capital (6.99% vs 6.89%). Across the 22 metrics below, Star Bulk Carriers Corp. leads on 15 and Kirby Corporation on 7.

Valuation

Metric KEX SBLK Marine Shipping median
P/E 19.71 11.54 6.89
P/S 1.97 2.73 1.92
P/B 2.00 1.31 0.90
Price to free cash flow 13.71 5.87 4.62
EV/EBITDA 9.79 7.17 6.57
EV/Sales 2.27 3.12 2.73
Earnings yield 5.07% 8.67% 9.59%
Free cash flow yield 7.29% 17.03% 16.76%

Profitability

Metric KEX SBLK Marine Shipping median
Gross margin 33.20% 48.83% 60.61%
Operating margin 14.01% 27.74% 27.74%
Net margin 10.18% 23.87% 25.21%
Free cash flow margin 14.38% 46.54% 17.29%
Return on equity 10.39% 11.68% 8.62%
Return on assets 5.78% 7.41% 5.35%
Return on invested capital 6.89% 6.99% 5.32%

Growth

Metric KEX SBLK Marine Shipping median
Revenue growth (TTM) 6.56% 6.34% 13.26%
EPS growth (last fiscal year) 28.92% (73.93%) —
Revenue growth, 5-year CAGR 9.15% 8.50% 11.77%
Net income growth, 5-year CAGR 0.00% 54.18% 0.00%

Health

Metric KEX SBLK Marine Shipping median
Debt to equity 0.30 0.41 0.52
Current ratio 1.68 1.91 1.63
Net debt to EBITDA 1.03 1.71 2.34

Dividend

Metric KEX SBLK Marine Shipping median
Dividend yield — 5.84% 5.54%
Payout ratio 0.00 1.37 0.13

Size

Metric KEX SBLK Marine Shipping median
Market cap 6.88b 3.39b 420.73m

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