(SBLK) Star Bulk Carriers - Overview

Sector: Industrials | Industry: Marine Shipping | Exchange: NASDAQ (USA) | Market Cap: 3.006m USD | Total Return: 69.1% in 12m

Dry Bulk Shipping, Iron Ore, Grains, Minerals, Coal
Total Rating 51
Safety 22
Buy Signal -0.13
Marine Shipping
Industry Rotation: +3.1
Market Cap: 3.01B
Avg Turnover: 29.5M
Risk 3d forecast
Volatility30.9%
VaR 5th Pctl5.46%
VaR vs Median7.04%
Reward TTM
Sharpe Ratio1.83
Rel. Str. IBD80.3
Rel. Str. Peer Group50
Character TTM
Beta0.684
Beta Downside0.571
Hurst Exponent0.549
Drawdowns 3y
Max DD48.44%
CAGR/Max DD0.46
CAGR/Mean DD1.40
EPS (Earnings per Share) EPS (Earnings per Share) of SBLK over the last years for every Quarter: "2021-03": 0.36, "2021-06": 1.26, "2021-09": 2.19, "2021-12": 2.96, "2022-03": 1.72, "2022-06": 2, "2022-09": 1.33, "2022-12": 0.9, "2023-03": 0.36, "2023-06": 0.47, "2023-09": 0.34, "2023-12": 0.73, "2024-03": 0.87, "2024-06": 0.78, "2024-09": 0.69, "2024-12": 0.34, "2025-03": -0.07, "2025-06": 0.11, "2025-09": 0.29, "2025-12": 0.65, "2026-03": 0.56,
EPS CAGR: -31.09%
EPS Trend: -68.6%
Last SUE: 0.83
Qual. Beats: 0
Revenue Revenue of SBLK over the last years for every Quarter: 2021-03: 200.467, 2021-06: 311.411, 2021-09: 415.688, 2021-12: 499.857, 2022-03: 360.883, 2022-06: 417.334, 2022-09: 364.136, 2022-12: 294.803, 2023-03: 224.035, 2023-06: 238.686, 2023-09: 223.087, 2023-12: 263.461, 2024-03: 259.39, 2024-06: 352.875, 2024-09: 344.277, 2024-12: 308.916, 2025-03: 230.65, 2025-06: 247.408, 2025-09: 263.855, 2025-12: 300.585999, 2026-03: 281.151999,
Rev. CAGR: 2.93%
Rev. Trend: 27.7%
Last SUE: 0.58
Qual. Beats: 0

Warnings

Beneish M-Score 1.00 > -1.5 - likely earnings manipulation

Altman Z'' -0.15 < 1.0 - financial distress zone

Below Avwap Earnings

Tailwinds

Confidence

Description: SBLK Star Bulk Carriers

Star Bulk Carriers Corp. (NASDAQ: SBLK) is a Greece-based marine transportation firm specializing in the global movement of dry bulk commodities. The company operates a diverse fleet of 136 vessels, ranging from Supramax to Newcastlemax classes, which transport essential raw materials such as iron ore, grain, and fertilizers.

The dry bulk sector is highly cyclical and functions as a primary indicator of global industrial production and infrastructure demand. Unlike container shipping, which focuses on finished goods, dry bulk carriers utilize a business model centered on deadweight tonnage capacity to move unpackaged raw materials through spot market or time charter contracts.

Investors can evaluate the company’s dividend history and fleet age further on ValueRay. Star Bulk’s strategic focus on larger vessel classes like Capesize and Newcastlemax allows it to capitalize on long-haul iron ore routes, particularly those originating from Brazil and Australia.

Headlines to Watch Out For
  • Chinese steel production demand dictates iron ore freight rates and vessel utilization
  • Global grain export volumes influence mid-sized vessel spot market pricing and revenue
  • Fuel price volatility and scrubber premiums impact operational margins and fleet competitiveness
  • IMO environmental regulations necessitate capital expenditure for fleet modernization and emission compliance
  • Global trade route disruptions and Panama Canal congestion tighten available dry bulk capacity
Piotroski VR-10 (Strict) 6.5
Net Income: 142.2m TTM > 0 and > 6% of Revenue
FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.90 > 1.0
NWC/Revenue: 22.90% < 20% (prev 20.39%; Δ 2.51% < -1%)
CFO/TA 0.10 > 3% & CFO 357.7m > Net Income 142.2m
Net Debt (708.1m) to EBITDA (377.4m): 1.88 < 3
Current Ratio: 1.73 > 1.5 & < 3
Outstanding Shares: last quarter (111.8m) vs 12m ago -4.79% < -2%
Gross Margin: 34.50% > 18% (prev 0.41%; Δ 3.41k% > 0.5%)
Asset Turnover: 28.44% > 50% (prev 30.79%; Δ -2.35% > 0%)
Interest Coverage Ratio: 3.26 > 6 (EBITDA TTM 377.4m / Interest Expense TTM 64.8m)
Altman Z'' -0.15
A: 0.07 (Total Current Assets 594.2m - Total Current Liabilities 343.9m) / Total Assets 3.67b
B: -0.15 (Retained Earnings -555.8m / Total Assets 3.67b)
C: 0.06 (EBIT TTM 211.7m / Avg Total Assets 3.84b)
D: -0.45 (Book Value of Equity -555.8m / Total Liabilities 1.24b)
Altman-Z'' = -0.15 = B
Beneish M 1.00
DSRI: 0.96 (Receivables 83.6m/98.9m, Revenue 1.09b/1.24b)
GMI: 1.20 (GM 34.50% / 41.24%)
AQI: 24.56 (AQ_t 0.04 / AQ_t-1 0.00)
SGI: 0.88 (Revenue 1.09b / 1.24b)
TATA: -0.06 (NI 142.2m - CFO 357.7m) / TA 3.67b)
Beneish M = 10.94 (Cap -4..+1) = D
What is the price of SBLK shares?

As of May 26, 2026, the stock is trading at USD 26.40 with a total of 1,470,594 shares traded.
Over the past week, the price has changed by -0.26%, over one month by +7.40%, over three months by +7.62% and over the past year by +69.06%.

Is SBLK a buy, sell or hold?

Star Bulk Carriers has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy SBLK.

  • StrongBuy: 3
  • Buy: 1
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the SBLK price?
Analysts Target Price 30.6 15.8%
Star Bulk Carriers (SBLK) - Fundamental Data Overview as of 26 May 2026
Market Cap USD = 3.01b (3.01b USD * 1.0 USD.USD)
P/E Trailing = 36.1644
P/E Forward = 7.7459
P/S = 2.7498
P/B = 1.2258
P/EG = 1.95
Revenue TTM = 1.09b USD
EBIT TTM = 211.7m USD
EBITDA TTM = 377.4m USD
Long Term Debt = 833.5m USD (from longTermDebt, last fiscal year)
Short Term Debt = 173.4m USD (from shortTermDebt, last quarter)
Debt = 1.12b USD (from shortLongTermDebtTotal, last quarter) + Leases 169.6m
Net Debt = 708.1m USD (calculated: Debt 1.12b - CCE 407.8m)
Enterprise Value = 3.71b USD (3.01b + Debt 1.12b - CCE 407.8m)
Interest Coverage Ratio = 3.26 (Ebit TTM 211.7m / Interest Expense TTM 64.8m)
EV/FCF = 14.30x (Enterprise Value 3.71b / FCF TTM 259.7m)
FCF Yield = 6.99% (FCF TTM 259.7m / Enterprise Value 3.71b)
FCF Margin = 23.76% (FCF TTM 259.7m / Revenue TTM 1.09b)
Net Margin = 13.01% (Net Income TTM 142.2m / Revenue TTM 1.09b)
Gross Margin = 34.50% ((Revenue TTM 1.09b - Cost of Revenue TTM 715.9m) / Revenue TTM)
Gross Margin QoQ = 33.06% (prev 34.84%)
Tobins Q-Ratio = 1.01 (Enterprise Value 3.71b / Total Assets 3.67b)
Interest Expense / Debt = 5.81% (Interest Expense 64.8m / Debt 1.12b)
Taxrate = 0.0% (0.0 / 84.2m)
NOPAT = 211.7m (EBIT 211.7m * (1 - 0.00%))
Current Ratio = 1.73 (Total Current Assets 594.2m / Total Current Liabilities 343.9m)
Debt / Equity = 0.46 (Debt 1.12b / totalStockholderEquity, last quarter 2.43b)
Debt / EBITDA = 1.88 (Net Debt 708.1m / EBITDA 377.4m)
Debt / FCF = 2.73 (Net Debt 708.1m / FCF TTM 259.7m)
Total Stockholder Equity = 2.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.70% (Net Income 142.2m / Total Assets 3.67b)
RoE = 5.87% (Net Income TTM 142.2m / Total Stockholder Equity 2.42b)
RoCE = 6.50% (EBIT 211.7m / Capital Employed (Equity 2.42b + L.T.Debt 833.5m))
RoIC = 6.05% (NOPAT 211.7m / Invested Capital 3.50b)
WACC = 7.69% (E(3.01b)/V(4.12b) * Re(8.39%) + D(1.12b)/V(4.12b) * Rd(5.81%) * (1-Tc(0.0)))
Discount Rate = 8.39% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -2.22 | Cagr: 11.59%
[DCF] Terminal Value 73.10% ; FCFF base≈300.1m ; Y1≈263.1m ; Y5≈212.6m
[DCF] Fair Price = 24.25 (EV 3.41b - Net Debt 708.1m = Equity 2.70b / Shares 111.5m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -68.61 | EPS CAGR: -31.09% | SUE: 0.83 | # QB: 0
Revenue Correlation: 27.69 | Revenue CAGR: 2.93% | SUE: 0.58 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.00 | Chg30d=+42.60% | Revisions=+20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=1.21 | Chg30d=+7.67% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=3.98 | Chg30d=-3.36% | Revisions=+0% | GrowthEPS=+309.8% | GrowthRev=+28.4%
EPS next Year (2027-12-31): EPS=3.52 | Chg30d=-5.93% | Revisions=+0% | GrowthEPS=-11.3% | GrowthRev=-1.4%
[Analyst] Revisions Ratio: +20%