Star Bulk Carriers Corp. - Understand $sblk stock

$SBLK Market Cap: $2.003 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.220B

TTM

Gross Margin

52.54%

TTM

Net Earnings

$301.9M

TTM

Current Assets

$700.8M

Q3 2024

Current Liabilities

$413.5M

Q3 2024

Current Ratio

169.48%

Q3 2024

Total Assets

$4.157B

Q3 2024

Total Liabilities

$1.645B

Q3 2024

Book Value

$2.512B

Q3 2024

Cash

$453.6M

Q3 2024

P/E

6.636

Nov 29, 2024 EST

Free Cash Flow

$430.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$949.3M	$1.437B	$1.427B	$693.2M	$821.4M	$651.6M	$332.0M	$222.1M	$234.3M	$147.4M	$69.90M	$86.20M	$107.1M	$121.0M	$142.4M	$238.9M	$3.600M	$0.00	$0.00	$0.00
YoY Change	-33.95%	0.68%	105.92%	-15.61%	26.06%	96.27%	49.48%	-5.21%	58.96%	110.87%	-18.91%	-19.51%	-11.49%	-15.03%	-40.39%	6536.11%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$949.3M	$1.437B	$1.427B	$693.2M	$821.4M	$651.6M	$332.0M	$222.1M	$234.3M	$147.4M	$69.90M	$86.20M	$107.1M	$121.0M	$142.4M	$238.9M	$3.600M	$0.00	$0.00	$0.00
Cost Of Revenue	$517.1M	$552.6M	$454.7M	$394.5M	$429.9M	$253.3M	$163.9M	$164.5M	$188.0M	$95.00M	$36.50M	$52.20M	$50.80M	$45.80M	$51.70M	$37.60M	$700.0K	$0.00	$0.00
Gross Profit	$432.1M	$884.5M	$972.7M	$298.7M	$391.4M	$398.2M	$168.0M	$57.70M	$46.30M	$52.40M	$33.40M	$33.90M	$56.30M	$75.30M	$90.70M	$201.3M	$3.000M	$0.00	$0.00
Gross Profit Margin	45.52%	61.55%	68.14%	43.09%	47.65%	61.11%	50.6%	25.98%	19.76%	35.55%	47.78%	39.33%	52.57%	62.23%	63.69%	84.26%	83.33%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$71.52M	$80.59M	$65.36M	$52.80M	$57.50M	$48.80M	$43.00M	$36.40M	$42.00M	$37.60M	$10.90M	$9.500M	$15.60M	$17.70M	$9.500M	$13.80M	$7.800M	$1.200M	$0.00
YoY Change	-11.25%	23.3%	23.78%	-8.17%	17.83%	13.49%	18.13%	-13.33%	11.7%	244.95%	14.74%	-39.1%	-11.86%	86.32%	-31.16%	76.92%	550.0%
% of Gross Profit	16.55%	9.11%	6.72%	17.68%	14.69%	12.26%	25.6%	63.08%	90.71%	71.76%	32.63%	28.02%	27.71%	23.51%	10.47%	6.86%	260.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$138.4M	$156.7M	$152.6M	$142.3M	$124.3M	$102.9M	$82.60M	$81.90M	$82.10M	$37.20M	$16.10M	$33.00M	$50.20M	$46.90M	$58.30M	$51.10M	$700.0K	$0.00	$0.00
YoY Change	-11.68%	2.68%	7.27%	14.48%	20.8%	24.58%	0.85%	-0.24%	120.7%	131.06%	-51.21%	-34.26%	7.04%	-19.55%	14.09%	7200.0%
% of Gross Profit	32.03%	17.72%	15.69%	47.64%	31.76%	25.84%	49.17%	141.94%	177.32%	70.99%	48.2%	97.35%	89.17%	62.28%	64.28%	25.38%	23.33%
Operating Expenses	$194.6M	$258.2M	$238.0M	$231.0M	$313.3M	$248.1M	$131.0M	$122.8M	$127.1M	$66.20M	$25.00M	$40.90M	$60.60M	$38.00M	$67.80M	$64.90M	$8.500M	$1.200M	$100.0K	$0.00
YoY Change	-24.63%	8.49%	3.01%	-26.27%	26.28%	89.39%	6.68%	-3.38%	91.99%	164.8%	-38.88%	-32.51%	59.47%	-43.95%	4.47%	663.53%	608.33%	1100.0%
Operating Profit	$237.6M	$607.6M	$734.7M	$67.70M	$78.10M	$150.1M	$37.00M	-$65.10M	-$80.80M	-$13.80M	$8.400M	-$7.000M	-$4.300M	$37.30M	$22.90M	$136.4M	-$5.500M	-$1.200M	-$100.0K
YoY Change	-60.9%	-17.3%	985.29%	-13.32%	-47.97%	305.68%	-156.84%	-19.43%	485.51%	-264.29%	-220.0%	62.79%	-111.53%	62.88%	-83.21%	-2580.0%	358.33%	1100.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Interest Expense	-$60.97M	$52.58M	-$50.44M	-$50.60M	-$80.30M	-$69.30M	-$47.50M	-$41.50M	-$31.80M	-$9.700M	-$6.500M	-$7.600M	-$4.900M	-$7.500M	-$11.30M	-$8.800M	$9.000M	$4.400M	$200.0K
YoY Change	-215.95%	-204.25%	-0.32%	-36.99%	15.87%	45.89%	14.46%	30.5%	227.84%	49.23%	-14.47%	55.1%	-34.67%	-33.63%	28.41%	-197.78%	104.55%	2100.0%
% of Operating Profit	-25.66%	8.65%	-6.86%	-74.74%	-102.82%	-46.17%	-128.38%				-77.38%			-20.11%	-49.34%	-6.45%
Other Income/Expense, Net	-$64.78M	-$41.46M	-$1.721M	-$2.500M	-$1.700M	-$2.200M	-$600.0K	-$600.0K								$0.00	$0.00	$0.00
YoY Change	56.23%	2309.3%	-31.16%	47.06%	-22.73%	266.67%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$173.7M	$566.1M	$680.4M	$9.800M	-$16.10M	$58.40M	-$9.600M	-$154.1M	-$458.4M	-$11.80M	$1.900M	-$314.5M	-$69.60M	-$5.100M	-$58.40M	$133.7M	$3.400M	$3.200M	$100.0K	$0.00
YoY Change	-69.32%	-16.8%	6843.12%	-160.87%	-127.57%	-708.33%	-93.77%	-66.38%	3784.75%	-721.05%	-100.6%	351.87%	1264.71%	-91.27%	-143.68%	3832.35%	6.25%	3100.0%
Income Tax	$183.0K	$244.0K	$16.00K	$200.0K	$100.0K	$100.0K	$200.0K	$300.0K		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$200.0K	$0.00	$0.00
% Of Pretax Income	0.11%	0.04%	0.0%	2.04%		0.17%					0.0%					0.0%	0.0%	6.25%	0.0%
Net Earnings	$173.6M	$566.0M	$680.5M	$9.700M	-$16.20M	$58.40M	-$9.800M	-$154.2M	-$458.2M	-$11.70M	$1.900M	-$314.5M	-$69.60M	-$5.100M	-$58.40M	$133.7M	$3.400M	$3.000M	$100.0K	$0.00
YoY Change	-69.34%	-16.83%	6915.77%	-159.88%	-127.74%	-695.92%	-93.64%	-66.35%	3816.24%	-715.79%	-100.6%	351.87%	1264.71%	-91.27%	-143.68%	3832.35%	13.33%	2900.0%
Net Earnings / Revenue	18.28%	39.38%	47.68%	1.4%	-1.97%	8.96%	-2.95%	-69.43%	-195.56%	-7.94%	2.72%	-364.85%	-64.99%	-4.21%	-41.01%	55.96%	94.44%
Basic Earnings Per Share	$1.76	$5.54	$6.73	$0.10
Diluted Earnings Per Share	$1.76	$5.52	$6.706M	$100.7K	-$172.9K	$755.5K	-$155.6K	-$3.239M	-$11.72M	-$1.000M	$678.6K	-$285.9M	-$77.33M	-$6.375M	-$73.00M	$191.0M	$6.800M	$7.500M	$1.000M	$0.00

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$259.7M	$269.8M	$450.3M	$183.2M	$117.8M	$204.9M	$257.9M	$181.8M	$208.1M	$86.00M	$53.50M	$13.00M	$15.10M	$12.80M	$40.30M	$32.20M	$19.00M	$195.0M	$189.5M	$0.00
YoY Change	-3.72%	-40.09%	145.79%	55.52%	-42.51%	-20.55%	41.86%	-12.64%	141.98%	60.75%	311.54%	-13.91%	17.97%	-68.24%	25.16%	69.47%	-90.26%	2.9%
Cash & Equivalents	$259.7M	$269.8M	$450.3M	$183.2M	$117.8M	$204.9M	$257.9M	$181.8M	$208.1M	$86.00M	$53.50M	$13.00M	$15.10M	$12.80M	$40.10M	$29.50M	$19.00M	$2.100M	$600.0K	$0.00
Short-Term Investments														$0.00	$100.0K	$2.800M	$0.00	$192.9M	$188.9M
Other Short-Term Assets	$194.7M	$80.73M	$66.84M	$38.00M	$36.80M	$26.50M	$16.60M	$17.20M	$17.70M	$9.000M	$4.600M	$15.20M	$7.700M	$5.200M	$11.50M	$3.200M	$300.0K	$200.0K	$100.0K
YoY Change	141.12%	20.79%	75.89%	3.26%	38.87%	59.64%	-3.49%	-2.82%	96.67%	95.65%	-69.74%	97.4%	48.08%	-54.78%	259.38%	966.67%	50.0%	100.0%
Inventory	$62.36M	$67.16M	$75.08M	$47.30M	$51.20M	$27.40M	$19.30M	$14.50M	$14.20M	$14.40M	$1.700M	$3.600M	$3.900M	$1.100M	$1.000M	$1.300M	$600.0K	$0.00
Prepaid Expenses
Receivables	$68.66M	$84.36M	$81.30M	$38.60M	$59.40M	$39.70M	$18.80M	$13.50M	$12.10M	$25.00M	$3.700M	$6.100M	$4.800M	$4.700M	$8.000M	$3.800M	$0.00
Other Receivables	$23.00K	$84.00K	$9.422M	$300.0K	$900.0K	$300.0K	$0.00	$1.400M	$0.00	$100.0K	$100.0K	$100.0K	$0.00	$0.00	$100.0K	$1.800M	$0.00
Total Short-Term Assets	$454.4M	$502.1M	$682.9M	$307.4M	$266.0M	$298.8M	$312.6M	$228.5M	$252.1M	$134.4M	$63.70M	$38.00M	$31.40M	$23.90M	$60.80M	$42.30M	$19.90M	$195.2M	$189.6M	$0.00
YoY Change	-9.5%	-26.48%	122.16%	15.56%	-10.98%	-4.41%	36.81%	-9.36%	87.57%	110.99%	67.63%	21.02%	31.38%	-60.69%	43.74%	112.56%	-89.81%	2.95%
Property, Plant & Equipment	$2.540B	$2.919B	$3.061B	$2.878B	$2.967B	$2.656B	$1.775B	$1.707B	$1.758B	$1.442B	$326.7M	$291.2M	$638.5M	$610.8M	$668.7M	$821.3M	$262.9M	$0.00	$0.00
YoY Change	-13.0%	-4.64%	6.37%	-2.99%	11.69%	49.63%	3.98%	-2.87%	21.89%	341.35%	12.19%	-54.39%	4.54%	-8.66%	-18.58%	212.4%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.736M	$1.676M	$1.567M	$1.300M	$1.200M	$1.100M	$1.100M	$1.000M	$800.0K	$600.0K	$0.00
YoY Change	3.58%	6.96%	20.54%	8.33%	9.09%	0.0%	10.0%	25.0%	33.33%
Other Assets	$34.12M	$10.69M	$8.934M	$5.100M	$4.700M	$66.10M	$57.00M	$75.10M	$138.4M	$485.2M	$77.70M	$25.50M	$48.00M	$68.50M	$31.10M	$27.80M	$120.9M	$0.00	$0.00	$400.0K
YoY Change	219.22%	19.62%	75.18%	8.51%	-92.89%	15.96%	-24.1%	-45.74%	-71.48%	524.45%	204.71%	-46.88%	-29.93%	120.26%	11.87%	-77.01%			-100.0%
Total Long-Term Assets	$2.574B	$2.932B	$3.072B	$2.884B	$2.973B	$2.723B	$1.833B	$1.783B	$1.897B	$1.928B	$404.4M	$316.7M	$686.5M	$679.4M	$699.8M	$849.1M	$383.8M	$0.00	$0.00	$400.0K
YoY Change	-12.2%	-4.57%	6.5%	-2.97%	9.16%	48.55%	2.8%	-5.98%	-1.61%	376.68%	27.69%	-53.87%	1.05%	-2.92%	-17.58%	121.24%			-100.0%
Total Assets	$3.028B	$3.434B	$3.755B	$3.192B	$3.239B	$3.022B	$2.146B	$2.012B	$2.149B	$2.062B	$468.1M	$354.7M	$717.9M	$703.3M	$760.6M	$891.4M	$403.7M	$195.2M	$189.6M	$400.0K
YoY Change
Accounts Payable	$39.32M	$32.14M	$21.84M	$32.90M	$42.80M	$21.00M	$9.900M	$5.200M	$9.400M	$18.50M	$6.600M	$8.300M	$8.500M	$3.200M	$4.000M	$1.000M	$200.0K	$400.0K	$300.0K
YoY Change	22.33%	47.18%	-33.63%	-23.13%	103.81%	112.12%	90.38%	-44.68%	-49.19%	180.3%	-20.48%	-2.35%	165.63%	-20.0%	300.0%	400.0%	-50.0%	33.33%
Accrued Expenses	$36.62M	$43.94M	$30.81M	$20.90M	$46.80M	$16.90M	$10.50M	$11.70M	$14.80M	$13.70M	$3.500M	$3.400M	$3.900M	$1.900M	$2.300M	$3.300M	$1.500M	$200.0K		$0.00
YoY Change	-16.65%	42.61%	47.42%	-55.34%	176.92%	60.95%	-10.26%	-20.95%	8.03%	291.43%	2.94%	-12.82%	105.26%	-17.39%	-30.3%	120.0%	650.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$400.0K
YoY Change																			-100.0%
Long-Term Debt Due	$251.9M	$181.9M	$207.1M	$189.8M	$202.5M	$166.8M	$189.3M	$6.200M	$131.6M	$88.30M	$18.30M	$28.80M	$34.70M	$33.80M	$59.70M	$49.30M	$0.00
YoY Change	38.42%	-12.16%	9.13%	-6.27%	21.4%	-11.89%	2953.23%	-95.29%	49.04%	382.51%	-36.46%	-17.0%	2.66%	-43.38%	21.1%
Total Short-Term Liabilities	$359.4M	$282.6M	$290.8M	$266.4M	$310.9M	$222.7M	$219.3M	$28.10M	$166.9M	$140.2M	$29.70M	$42.50M	$52.20M	$43.20M	$71.10M	$57.30M	$3.100M	$7.000M	$4.300M	$400.0K
YoY Change	27.18%	-2.83%	9.16%	-14.31%	39.6%	1.55%	680.43%	-83.16%	19.04%	372.05%	-30.12%	-18.58%	20.83%	-39.24%	24.08%	1748.39%	-55.71%	62.79%	975.0%
Long-Term Debt	$985.2M	$1.103B	$1.335B	$1.370B	$1.379B	$1.275B	$837.9M	$945.1M	$843.6M	$717.3M	$172.0M	$195.3M	$231.5M	$171.0M	$187.6M	$247.3M	$0.00	$0.00	$0.00	$0.00
YoY Change	-10.69%	-17.34%	-2.61%	-0.65%	8.16%	52.19%	-11.34%	12.03%	17.61%	317.03%	-11.93%	-15.64%	35.38%	-8.85%	-24.14%
Other Long-Term Liabilities	$23.58M	$28.49M	$49.31M	$5.500M	$4.500M	$4.200M	$600.0K	$1.300M	$2.900M	$50.30M	$200.0K	$200.0K	$100.0K	$700.0K	$2.700M	$26.70M	$25.30M	$64.70M	$64.70M
YoY Change	-17.26%	-42.22%	796.58%	22.22%	7.14%	600.0%	-53.85%	-55.17%	-94.23%	25050.0%	0.0%	100.0%	-85.71%	-74.07%	-89.89%	5.53%	-60.9%	0.0%
Total Long-Term Liabilities	$1.009B	$1.132B	$1.384B	$1.376B	$1.384B	$1.279B	$838.5M	$946.4M	$846.5M	$767.6M	$172.2M	$195.5M	$231.6M	$171.7M	$190.3M	$274.0M	$25.30M	$64.70M	$64.70M	$0.00
YoY Change	-10.86%	-18.22%	0.59%	-0.57%	8.15%	52.58%	-11.4%	11.8%	10.28%	345.76%	-11.92%	-15.59%	34.89%	-9.77%	-30.55%	983.0%	-60.9%	0.0%
Total Liabilities	$1.368B	$1.414B	$1.675B	$1.642B	$1.695B	$1.502B	$1.058B	$974.5M	$1.014B	$907.8M	$202.0M	$238.0M	$283.7M	$215.0M	$261.4M	$331.2M	$28.40M	$71.70M	$69.00M	$400.0K
YoY Change	-3.26%	-15.55%	1.97%	-3.09%	12.82%	42.02%	8.54%	-3.85%	11.64%	349.41%	-15.13%	-16.11%	31.95%	-17.75%	-21.07%	1066.2%	-60.39%	3.91%	17150.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	98.46M shares	102.2M shares	101.2M shares	96.13M shares
Diluted Shares Outstanding	98.93M shares	102.5M shares	101.5M shares	96.28M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

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Market Cap: $2.0034 Billion

About Star Bulk Carriers Corp.

Star Bulk Carriers Corp. provides seaborne transportation solutions in the dry bulk sector. The company is headquartered in Athina, Attiki and currently employs 216 full-time employees. The company went IPO on 2006-02-27. The firm owns and operates a diverse fleet of dry bulk vessels that transport bulk commodities, including iron ore, minerals and grain, bauxite, fertilizers and steel products, along worldwide shipping routes. The firm has a fleet of 112 vessels, with an aggregate capacity of 12.5 million dwt, consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt. The firm maintains executive offices in Athens, Greece and in Limassol, Cyprus.

Industry: Deep Sea Foreign Transportation of Freight Peers: Capital Clean Energy Carriers Corp. Danaos Corp DIANA SHIPPING INC. EuroDry Ltd. EUROSEAS LTD. GLOBUS MARITIME LTD Pyxis Tankers Inc. Seanergy Maritime Holdings Corp.