Kirby Corporation (KEX) vs SFL Corporation Ltd. (SFL)

Kirby Corporation and SFL Corporation Ltd. are both Marine Shipping companies. Kirby Corporation is the larger, with a market value of $6.9B against $2.0B — 3.5× the size. Kirby Corporation trades at the lower P/E: 19.7× against 26.6×. Kirby Corporation grew revenue faster over the last twelve months: 6.56% against −15.6%. Kirby Corporation has the higher net margin (10.2% vs 8.76%) and the higher return on invested capital (6.89% vs 3.83%). Across the 21 metrics below, Kirby Corporation leads on 13 and SFL Corporation Ltd. on 8.

Valuation

Metric KEX SFL Marine Shipping median
P/E 19.71 26.63 6.89
P/S 1.97 2.36 1.92
P/B 2.00 1.66 0.90
Price to free cash flow 13.71 3.78 4.62
EV/EBITDA 9.79 9.24 6.57
EV/Sales 2.27 5.47 2.73
Earnings yield 5.07% 3.76% 9.59%
Free cash flow yield 7.29% 26.49% 16.76%

Profitability

Metric KEX SFL Marine Shipping median
Gross margin 33.20% 61.42% 60.61%
Operating margin 14.01% 27.73% 27.74%
Net margin 10.18% 8.76% 25.21%
Free cash flow margin 14.38% 62.49% 17.29%
Return on equity 10.39% 6.25% 8.62%
Return on assets 5.78% 1.71% 5.35%
Return on invested capital 6.89% 3.83% 5.32%

Growth

Metric KEX SFL Marine Shipping median
Revenue growth (TTM) 6.56% (15.61%) 13.26%
EPS growth (last fiscal year) 28.92% (119.80%) —
Revenue growth, 5-year CAGR 9.15% 9.25% 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric KEX SFL Marine Shipping median
Debt to equity 0.30 2.30 0.52
Current ratio 1.68 0.38 1.63
Net debt to EBITDA 1.03 6.35 2.34

Dividend

Metric KEX SFL Marine Shipping median
Dividend yield — 8.19% 5.54%
Payout ratio 0.00 1.02 0.13

Size

Metric KEX SFL Marine Shipping median
Market cap 6.88b 1.95b 420.73m

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