SBLK Stock Analysis: Star Bulk Carriers | NASDAQ
Marine Shipping | NASDAQ, USA | Market Cap: 3.404m USD | 12M Return: 77.6% | MHY8162K2046 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.4M
EPS Trend: -41.1%
Qual. Beats: 2
Rev. Trend: 44.4%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Star Bulk Carriers Corp. (NASDAQ: SBLK) is a Greece-based shipping company that operates a global fleet of dry bulk carrier vessels transporting commodities such as iron ore, minerals, grains, bauxite, fertilizers, and steel products. As of December 31, 2025, the company owned 136 vessels spanning multiple classes, including Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax, with carrying capacities ranging from 55,569 to 209,537 deadweight tonnage. Founded in 2006 and headquartered in Marousi, the company is classified under the Marine Transportation sub-industry within the broader Industrials sector.
Dry bulk shipping is a highly cyclical segment of the marine transportation industry, with revenues largely tied to charter rates and demand from major commodity producers and traders, particularly in China, which is the largest consumer of seaborne iron ore and coal. Fleet utilization and freight rates, often benchmarked by indices such as the Baltic Dry Index, are the primary drivers of profitability in this capital-intensive business.
- Baltic Dry Index swings drive charter rate volatility
- Chinese iron ore demand supports Capesize freight rates
- Variable dividends fluctuate with dry bulk shipping cycle
| Net Income: 287.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.16 > 1.0 |
| NWC/Revenue: 32.08% < 20% (prev 21.07%; Δ 11.01% < -1%) |
| CFO/TA 0.12 > 3% & CFO 453.9m > Net Income 287.2m |
| Net Debt (775.6m) to EBITDA (509.5m): 1.52 < 3 |
| Current Ratio: 1.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (111.6m) vs 12m ago -3.88% < -2% |
| Gross Margin: 41.64% > 18% (prev 36.61%; Δ 5.04% > 0.5%) |
| Asset Turnover: 31.05% > 50% (prev 29.06%; Δ 2.00% > 0%) |
| Interest Coverage Ratio: 5.93 > 6 (EBIT TTM 346.6m / Interest Expense TTM 58.4m) |
| A: 0.10 (Total Current Assets 807.9m - Total Current Liabilities 422.0m) / Total Assets 3.85b |
| B: -0.12 (Retained Earnings -449.9m / Total Assets 3.85b) |
| C: 0.09 (EBIT TTM 346.6m / Avg Total Assets 3.87b) |
| D: 1.88 (Book Value of Equity 2.51b / Total Liabilities 1.34b) |
| Altman-Z'' = 2.85 = A |
| DSRI: 1.07 (Receivables 97.2m/85.1m, Revenue 1.20b/1.13b) |
| GMI: 0.88 (GM 36.61% / 41.64%) |
| AQI: 21.91 (AQ_t 0.04 / AQ_t-1 0.00) |
| SGI: 1.06 (Revenue 1.20b / 1.13b) |
| TATA: -0.04 (NI 287.2m - CFO 453.9m) / TA 3.85b) |
| Beneish M = 9.36 (Cap -4..+1) = D |
As of September 01, 2026, the stock is trading at USD 30.87 with a total of 1,364,176 shares traded. Over the past week, the price has changed by +0.55%, over one month by +10.69%, over three months by +14.92% and over the past year by +77.64%.
Current recommended Stop Loss: 28.20 (which is 8.6% or 2.8 ATR below the current price).
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
| Analysts Target Price | 32.4 | 4.9% |
P/E Trailing = 11.9529
P/E Forward = 8.2237
P/S = 2.8294
P/B = 1.351
P/EG = 1.95
Revenue TTM = 1.20b USD
EBIT TTM = 346.6m USD
EBITDA TTM = 509.5m USD
Long Term Debt = 803.0m USD (from longTermDebt, last quarter)
Short Term Debt = 262.0m USD (from shortTermDebt, last quarter)
Debt = 1.34b USD (from shortLongTermDebtTotal, last quarter) + Leases 161.7m
Net Debt = 775.6m USD (calculated: Debt 1.34b - CCE 565.1m)
Enterprise Value = 4.18b USD (3.40b + Debt 1.34b - CCE 565.1m)
Interest Coverage Ratio = 5.93 (Ebit TTM 346.6m / Interest Expense TTM 58.4m)
EV/FCF = 14.61x (Enterprise Value 4.18b / FCF TTM 286.1m)
FCF Yield = 6.85% (FCF TTM 286.1m / Enterprise Value 4.18b)
FCF Margin = 23.78% (FCF TTM 286.1m / Revenue TTM 1.20b)
Net Margin = 23.87% (Net Income TTM 287.2m / Revenue TTM 1.20b)
Gross Margin = 41.64% ((Revenue TTM 1.20b - Cost of Revenue TTM 702.0m) / Revenue TTM)
Gross Margin QoQ = 56.88% (prev 33.06%)
Tobins Q-Ratio = 1.08 (Enterprise Value 4.18b / Total Assets 3.85b)
Interest Expense / Debt = 4.36% (Interest Expense 58.4m / Debt 1.34b)
Taxrate = 0.0% (0.0 / 84.2m)
NOPAT = 346.6m (EBIT 346.6m * (1 - 0.00%))
Current Ratio = 1.91 (Total Current Assets 807.9m / Total Current Liabilities 422.0m)
Debt / Equity = 0.53 (Debt 1.34b / totalStockholderEquity, last quarter 2.51b)
Debt / EBITDA = 1.52 (Net Debt 775.6m / EBITDA 509.5m)
Debt / FCF = 2.71 (Net Debt 775.6m / FCF TTM 286.1m)
Total Stockholder Equity = 2.45b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.41% (Net Income 287.2m / Total Assets 3.85b)
RoE = 11.71% (Net Income TTM 287.2m / Total Stockholder Equity 2.45b)
RoCE = 10.65% (EBIT 346.6m / Capital Employed (Equity 2.45b + L.T.Debt 803.0m))
RoIC = 9.54% (NOPAT 346.6m / Invested Capital 3.63b)
WACC = 7.13% (E(3.40b)/V(4.74b) * Re(8.22%) + D(1.34b)/V(4.74b) * Rd(4.36%) * (1-Tc(0.0)))
Discount Rate = 8.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 35.37 | Cagr: 13.35%
[DCF] Terminal Value 75.60% ; FCFF base≈284.7m ; Y1≈288.8m ; Y5≈312.2m
[DCF] Fair Price = 36.45 (EV 4.85b - Net Debt 775.6m = Equity 4.07b / Shares 111.7m; r=8.35% [WACC [floored]]; 5y FCF grow 1.23% → 2.50% )
EPS Correlation: -41.11 | EPS CAGR: -19.54% | SUE: 2.59 | # QB: 2
Revenue Correlation: 44.42 | Revenue CAGR: 4.94% | SUE: 1.04 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.18 | Chg30d=+2.91% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=4.31 | Chg30d=+15.65% | Revisions=+40% | GrowthEPS=+344.7% | GrowthRev=+36.2%
EPS next Year (2027-12-31): EPS=3.56 | Chg30d=-0.85% | Revisions=+0% | GrowthEPS=-17.5% | GrowthRev=-9.3%
[Analyst] Revisions Ratio: +22% (up=4, down=2)