Is the business good?
How good a business is SBLK?
Star Bulk Carriers Corp. earns 5.5% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.5%
Return on invested capital · cost of capital 9.0% · 3.5 points below what the capital costs: growth destroys value
- Operating margin
- 13%
Operating margin · Marine Shipping median 28% · fiscal year to FY2025
- Cash conversion
- 2.52×
Cash conversion · 1.37× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +6.2%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 12% |
| FY2021 | 52% |
| FY2022 | 42% |
| FY2023 | 25% |
| FY2024 | 30% |
| FY2025 | 13% |
Details›
- Gross marginfiscal year to FY2025
- 99%
- Operating marginfiscal year to FY2025
- 13%
- Net marginfiscal year to FY2025
- 8.1%
- Free cash flow margin
- 20%
- Revenue, trailing twelve months
- $1.04B
- Free cash flow, trailing twelve months
- $212M
- Net income, trailing twelve months
- $84M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.5%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.