Cash flow Star Bulk Carriers Corp.

Equities

SBLK

MHY8162K2046

Marine Freight & Logistics

Real-time Estimate Cboe BZX Other stock markets 01:28:27 2025-12-05 pm EST			5-day change	1st Jan Change
20.50 ^USD	+0.51%		+2.76%	+36.79%

Nov. 26	Tranche Update on Star Bulk Carriers Corp.'s Equity Buyback Plan announced on August 6, 2025.	CI
Nov. 20	Deutsche Bank Lifts Price Target on Star Bulk Carriers to $25 From $24, Keeps Buy Rating	MT

7b046b7ff35aec79db69631a8e8341f.fslTFpn6ALZJ9BPm6pc93SxmSCM57c3fbl0EYghrg4w.GK5-W6-YU485lmCcv81tlV9XLVMM25KzARReDlc08ccUmQta65ts9z_McA

Published financial data: STAR BULK CARRIERS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	693M	1.43B	1.44B	949M	1.27B
Total Revenues	693M	1.43B	1.44B	949M	1.27B
Cost of Goods Sold, Total	447M	489M	607M	555M	683M
Gross Profit	246M	939M	830M	395M	583M
Selling General & Admin Expenses, Total	31.88M	39.5M	56.83M	54.41M	70.78M
Provision for Bad Debts	373K	629K	677K	300K	308K
Depreciation & Amortization - (IS)	142M	153M	157M	138M	164M
Other Operating Expenses	3.62M	2.74M	-2.58M	5.19M	6.69M
Other Operating Expenses, Total	178M	196M	212M	198M	242M
Operating Income	68.1M	743M	619M	196M	341M
Interest Expense, Total	-67.04M	-54.32M	-51.41M	-73.27M	-92.75M
Interest And Investment Income	267K	315K	7.05M	15.23M	16.38M
Net Interest Expenses	-66.78M	-54M	-44.36M	-58.04M	-76.38M
Income (Loss) On Equity Invest.	36K	120K	109K	60K	-4K
Currency Exchange Gains (Loss)	-	-	-	-	103K
Other Non Operating Income (Expenses)	13.64M	1.84M	-2.62M	-2.92M	-5.07M
EBT, Excl. Unusual Items	15M	691M	572M	136M	259M
Gain (Loss) On Sale Of Assets	-	-	-	29.4M	43.29M
Asset Writedown	-	-	-	-17.84M	-1.8M
Insurance Settlements	3.23M	-	-	33.92M	4.74M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-8.42M	-10.56M	-5.54M	-7.25M	-1.14M
EBT, Incl. Unusual Items	9.81M	681M	566M	174M	305M
Income Tax Expense	152K	16K	244K	183K	-116K
Earnings From Continuing Operations	9.66M	681M	566M	174M	305M
Net Income to Company	9.66M	681M	566M	174M	305M
Net Income - (IS)	9.66M	681M	566M	174M	305M
Net Income to Common Incl Extra Items	9.66M	681M	566M	174M	305M
Net Income to Common Excl. Extra Items	9.66M	681M	566M	174M	305M
Per Share Items
Net EPS - Basic	0.1	6.73	5.54	1.76	2.85
Basic EPS - Continuing Operations	0.1	6.73	5.54	1.76	2.85
Basic Weighted Average Shares Outstanding	96.13M	101M	102M	98.46M	107M
Net EPS - Diluted	0.1	6.71	5.52	1.75	2.8
Diluted EPS - Continuing Operations	0.1	6.71	5.52	1.75	2.8
Diluted Weighted Average Shares Outstanding	96.28M	101M	103M	98.93M	109M
Normalized Basic EPS	0.1	4.27	3.5	0.86	1.52
Normalized Diluted EPS	0.1	4.26	3.49	0.86	1.49
Dividend Per Share	-	4.25	5.1	1.42	2.14
Payout Ratio	49.73	33.83	118.14	91.07	90.93
Supplemental Items
EBITDA	209M	896M	775M	335M	505M
EBITA	66.92M	743M	619M	196M	341M
EBIT	68.1M	743M	619M	196M	341M
EBITDAR	241M	909M	787M	349M	533M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	1.55	0	0.04	0.11	-0.04
Normalized Net Income	9.38M	432M	357M	84.69M	162M
Interest Capitalized	-	-	-	-	1.25M
Interest on Long-Term Debt	69.9M	55.58M	63.65M	95.07M	98.66M
Supplemental Operating Expense Items
General and Administrative Expenses	31.42M	39M	56.32M	53.84M	69.39M
Net Rental Expense, Total	32.27M	13.85M	11.32M	14.59M	28.57M
Imputed Operating Lease Interest Expense	11M	3.82M	3.19M	6.61M	15.79M
Imputed Operating Lease Depreciation	21.28M	10.04M	8.12M	7.98M	12.78M
Stock-Based Comp., G&A Exp. (Total)	4.62M	10.34M	28.48M	20.88M	18.33M
Total Stock-Based Compensation	4.62M	10.34M	28.48M	20.88M	18.33M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	183M	450M	270M	227M	425M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	549K	21.71M	6.04M	2.05M
Total Cash And Short Term Investments	183M	451M	291M	234M	427M
Accounts Receivable, Total	38.09M	81.06M	84.03M	68.62M	79.3M
Other Receivables	376K	9.66M	408K	61K	149K
Total Receivables	38.47M	90.72M	84.44M	68.68M	79.45M
Inventory	47.29M	75.08M	67.16M	62.36M	78.59M
Prepaid Expenses	17.69M	28.66M	25.67M	19.3M	18.87M
Restricted Cash	7.3M	20.96M	14.57M	32.25M	11.22M
Other Current Assets, Total	13.45M	16.66M	18.79M	38.29M	43.73M
Total Current Assets	307M	683M	502M	454M	659M
Gross Property Plant And Equipment	3.47B	3.87B	3.88B	3.54B	4.44B
Accumulated Depreciation	-588M	-805M	-962M	-969M	-1.04B
Net Property Plant And Equipment	2.88B	3.06B	2.92B	2.57B	3.39B
Long-term Investments	1.32M	8.33M	10.34M	4.27M	2.06M
Other Intangibles, Total	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	5.06M	2.17M	2.02M	2.02M	32.48M
Total Assets	3.19B	3.75B	3.43B	3.03B	4.09B
Liabilities
Accounts Payable, Total	32.85M	21.84M	32.14M	39.32M	51.59M
Accrued Expenses, Total	22.24M	32.18M	35.24M	32.96M	65.88M
Current Portion of Long-Term Debt	147M	157M	167M	249M	221M
Current Portion of Leases	44.87M	50.43M	25.32M	7.98M	30.96M
Current Income Taxes Payable	134K	60K	250K	71K	-
Unearned Revenue Current, Total	11.68M	24.96M	16.68M	16.74M	17.3M
Other Current Liabilities	8.02M	4.18M	6.34M	13.17M	12.94M
Total Current Liabilities	266M	291M	283M	359M	400M
Long-Term Debt	990M	933M	928M	970M	1.04B
Long-Term Leases	383M	450M	203M	37.78M	169M
Unearned Revenue Non Current	-	-	-	-	-
Other Non Current Liabilities	2.34M	1.06M	831K	1M	850K
Total Liabilities	1.64B	1.67B	1.41B	1.37B	1.6B
Common Stock, Total	971K	1.02M	1.03M	840K	1.14M
Additional Paid In Capital	2.55B	2.62B	2.65B	2.29B	3.08B
Retained Earnings	-996M	-546M	-649M	-633M	-606M
Treasury Stock	-93K	-	-	-	-
Comprehensive Income and Other	-3.99M	6.93M	20.96M	5.39M	2.3M
Total Common Equity	1.55B	2.08B	2.02B	1.66B	2.48B
Total Equity	1.55B	2.08B	2.02B	1.66B	2.48B
Total Liabilities And Equity	3.19B	3.75B	3.43B	3.03B	4.09B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	99.23M	102M	103M	84.02M	117M
ECS Total Common Shares Outstanding	97.14M	102M	103M	84.02M	118M
Book Value / Share	15.95	20.33	19.63	19.76	21.1
Tangible Book Value	1.55B	2.08B	2.02B	1.66B	2.48B
Tangible Book Value Per Share	15.95	20.33	19.63	19.76	21.1
Total Debt	1.56B	1.59B	1.32B	1.26B	1.46B
Net Debt	1.38B	1.14B	1.03B	1.03B	1.03B
Debt Equivalent Oper. Leases	258M	111M	90.52M	117M	229M
Equity Method Investments, Total	-	277K	125K	1.74M	1.73M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Others	47.29M	75.08M	67.16M	62.36M	78.59M
Machinery, Total	3.46B	-	-	-	-
Full Time Employees	180	181	209	216	301

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	9.66M	681M	566M	174M	305M
Depreciation & Amortization - CF	142M	153M	167M	148M	182M
Amortization of Goodwill and Intangible Assets - (CF)	-1.18M	-187K	-	-	-
Depreciation & Amortization, Total	141M	152M	167M	148M	182M
Amortization of Deferred Charges, Total - (CF)	7.82M	6.51M	4.92M	3.66M	3.58M
(Gain) Loss From Sale Of Asset	-	-1.1M	-	-29.4M	-43.29M
Asset Writedown & Restructuring Costs	-	-	-	17.84M	1.8M
(Income) Loss On Equity Investments - (CF)	-36K	-120K	-109K	-60K	4K
Stock-Based Compensation (CF)	4.62M	10.34M	28.48M	20.88M	18.33M
Provision and Write-off of Bad Debts	373K	629K	677K	300K	308K
Other Operating Activities, Total	1.75M	1.44M	11.06M	-4.06M	2.97M
Change In Accounts Receivable	20.32M	-43.6M	-3.65M	14.4M	33.6M
Change In Inventories	3.86M	-27.78M	-9.41M	-5.85M	1.92M
Change In Accounts Payable	-3.05M	-8.04M	11.56M	7.31M	-6.62M
Change in Unearned Revenues	4.3M	13.28M	-8.28M	54K	-3.65M
Change in Other Net Operating Assets	-20.17M	-17.47M	1.27M	-11.06M	-24.9M
Cash from Operations	171M	767M	770M	336M	471M
Capital Expenditure	-72.06M	-130M	-25.4M	-18.09M	-55.1M
Sale of Property, Plant, and Equipment	-	-	-	196M	303M
Cash Acquisitions	-	-	-	-	104M
Other Investing Activities, Total	5.72M	8.88M	4.53M	57.64M	3.72M
Cash from Investing	-66.33M	-121M	-20.87M	236M	356M
Long-Term Debt Issued, Total	688M	471M	315M	441M	388M
Total Debt Issued	688M	471M	315M	441M	388M
Long-Term Debt Repaid, Total	-709M	-593M	-576M	-493M	-730M
Total Debt Repaid	-709M	-593M	-576M	-493M	-730M
Issuance of Common Stock	-	-	19.79M	13.16M	-
Repurchase of Common Stock	-	-10.28M	-20.07M	-393M	-25.3M
Common Dividends Paid	-4.8M	-230M	-669M	-158M	-277M
Common & Preferred Stock Dividends Paid	-4.8M	-230M	-669M	-158M	-277M
Other Financing Activities, Total	-9.03M	-5.02M	-5.96M	-6.73M	-3.88M
Cash from Financing	-34.95M	-368M	-936M	-596M	-648M
Net Change in Cash	69.27M	278M	-187M	-24.59M	179M
Supplemental Items
Cash Interest Paid	61.56M	49.66M	49.6M	56.02M	87.52M
Levered Free Cash Flow	72.67M	370M	559M	233M	339M
Unlevered Free Cash Flow	107M	397M	586M	275M	393M
Change In Net Working Capital	9.48M	99.6M	-28.89M	-1.36M	-34.47M
Net Debt Issued / Repaid	-21.12M	-123M	-261M	-51.16M	-342M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.32	13.37	10.76	3.8	5.99
Return on Total Capital	1.36	13.69	11.03	3.92	6.21
Return On Equity %	0.62	37.5	27.61	9.43	14.71
Return on Common Equity	0.62	37.5	27.61	9.43	14.71
Margin Analysis
Gross Profit Margin %	35.52	65.76	57.77	41.58	46.04
SG&A Margin	4.6	2.77	3.95	5.73	5.59
EBITDA Margin %	30.18	62.74	53.95	35.27	39.9
EBITA Margin %	9.65	52.05	43.05	20.69	26.93
EBIT Margin %	9.82	52.06	43.05	20.69	26.93
Income From Continuing Operations Margin %	1.39	47.68	39.38	18.28	24.07
Net Income Margin %	1.39	47.68	39.38	18.28	24.07
Net Avail. For Common Margin %	1.39	47.68	39.38	18.28	24.07
Normalized Net Income Margin	1.35	30.26	24.87	8.92	12.81
Levered Free Cash Flow Margin	10.48	25.93	38.88	24.54	26.77
Unlevered Free Cash Flow Margin	15.4	27.85	40.77	28.98	31.07
Asset Turnover
Asset Turnover	0.22	0.41	0.4	0.29	0.36
Fixed Assets Turnover	0.24	0.48	0.48	0.35	0.42
Receivables Turnover (Average Receivables)	14.31	23.96	17.41	12.44	17.11
Inventory Turnover (Average Inventory)	9.08	7.99	8.53	8.56	9.69
Short Term Liquidity
Current Ratio	1.15	2.35	1.78	1.26	1.65
Quick Ratio	0.83	1.86	1.33	0.84	1.27
Operating Cash Flow to Current Liabilities	0.64	2.64	2.72	0.93	1.18
Days Sales Outstanding (Average Receivables)	25.57	15.23	20.96	29.35	21.39
Days Outstanding Inventory (Average Inventory)	40.31	45.69	42.78	42.63	37.78
Average Days Payable Outstanding	31.23	19.32	16.45	23.72	23.8
Cash Conversion Cycle (Average Days)	34.64	41.6	47.29	48.25	35.37
Long Term Solvency
Total Debt/Equity	101	76.46	65.51	76.2	58.67
Total Debt / Total Capital	50.25	43.33	39.58	43.25	36.98
LT Debt/Equity	88.64	66.48	56	60.71	48.51
Long-Term Debt / Total Capital	44.1	37.68	33.84	34.46	30.57
Total Liabilities / Total Assets	51.45	44.6	41.19	45.18	39.27
EBIT / Interest Expense	1.02	13.68	12.03	2.68	3.67
EBITDA / Interest Expense	3.6	16.74	15.3	4.77	5.75
(EBITDA - Capex) / Interest Expense	2.53	14.35	14.81	4.52	5.16
Total Debt / EBITDA	6.48	1.75	1.68	3.62	2.73
Net Debt / EBITDA	5.72	1.25	1.31	2.95	1.93
Total Debt / (EBITDA - Capex)	9.24	2.04	1.74	3.82	3.04
Net Debt / (EBITDA - Capex)	8.16	1.46	1.35	3.11	2.15
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-15.6	105.91	0.68	-33.95	33.31
Gross Profit, 1 Yr. Growth %	3.18	281.15	-11.54	-52.46	47.6
EBITDA, 1 Yr. Growth %	5.64	321.57	-13.42	-56.32	50.78
EBITA, 1 Yr. Growth %	-9.27	959.12	-16.73	-67.79	73.51
EBIT, 1 Yr. Growth %	-10.12	941.8	-16.75	-67.79	73.51
Earnings From Cont. Operations, 1 Yr. Growth %	-159.63	6.94K	-16.83	-69.34	75.54
Net Income, 1 Yr. Growth %	-159.63	6.94K	-16.83	-69.34	75.54
Normalized Net Income, 1 Yr. Growth %	-346.59	3.69K	-17.27	-75.93	91.47
Diluted EPS Before Extra, 1 Yr. Growth %	-157.86	6.61K	-17.73	-68.3	60
Accounts Receivable, 1 Yr. Growth %	-35.2	112.81	3.67	-18.34	15.56
Inventory, 1 Yr. Growth %	-7.54	58.75	-10.54	-7.15	26.02
Net Property, Plant and Equip., 1 Yr. Growth %	-2.99	6.37	-4.64	-12.04	32.14
Total Assets, 1 Yr. Growth %	-1.45	17.64	-8.55	-11.81	34.94
Tangible Book Value, 1 Yr. Growth %	0.36	34.24	-2.92	-17.79	49.5
Common Equity, 1 Yr. Growth %	0.36	34.24	-2.92	-17.79	49.5
Cash From Operations, 1 Yr. Growth %	92.66	349.76	0.37	-56.39	40.32
Capital Expenditures, 1 Yr. Growth %	-79.24	80.61	-80.48	-28.78	204.54
Levered Free Cash Flow, 1 Yr. Growth %	-133.11	395.47	51	-57.89	45.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-162.3	265.43	47.42	-52.61	42.9
Dividend Per Share, 1 Yr. Growth %	-	-	20	-72.16	50.7
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.15	31.83	43.98	-18.45	-6.16
Gross Profit, 2 Yr. CAGR %	-7.76	98.31	84.94	-34.86	-15.74
EBITDA, 2 Yr. CAGR %	-8.74	111.37	92.64	-38.57	-18.8
EBITA, 2 Yr. CAGR %	-32.84	212.3	204.67	-48.29	-25.2
EBIT, 2 Yr. CAGR %	-32.66	208.29	202	-48.3	-25.2
Earnings From Cont. Operations, 2 Yr. CAGR %	-59.33	548.12	665.45	-49.5	-26.63
Net Income, 2 Yr. CAGR %	-59.33	548.12	665.45	-49.5	-26.63
Normalized Net Income, 2 Yr. CAGR %	-56.31	1.27K	522.91	-55.45	-32.06
Diluted EPS Before Extra, 2 Yr. CAGR %	-63.67	523.08	642.97	-48.93	-28.78
Accounts Receivable, 2 Yr. CAGR %	-0.41	17.43	48.53	-7.99	-2.86
Inventory, 2 Yr. CAGR %	31.29	21.15	19.17	-8.86	8.17
Net Property, Plant and Equip., 2 Yr. CAGR %	4.09	1.58	0.71	-8.42	7.81
Total Assets, 2 Yr. CAGR %	2.77	7.67	3.72	-10.19	9.09
Tangible Book Value, 2 Yr. CAGR %	0.97	16.07	14.16	-10.66	10.86
Common Equity, 2 Yr. CAGR %	0.97	16.07	14.16	-10.66	10.86
Cash From Operations, 2 Yr. CAGR %	0.46	194.36	112.47	-33.84	-21.77
Capital Expenditures, 2 Yr. CAGR %	-53.17	-38.77	-40.63	-62.72	47.27
Levered Free Cash Flow, 2 Yr. CAGR %	-36.34	30.29	177.62	-20.08	-21.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.15	52.98	134.47	-16.25	-17.67
Dividend Per Share, 2 Yr. CAGR %	-	551.92	-	-42.2	-35.22
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	27.82	29.88	20.5	11.05	-3.94
Gross Profit, 3 Yr. CAGR %	17.63	48.02	51.52	17.59	-14.44
EBITDA, 3 Yr. CAGR %	21.18	52.77	56.98	17.02	-17.13
EBITA, 3 Yr. CAGR %	24.18	71.09	101	43.37	-22.58
EBIT, 3 Yr. CAGR %	24.9	70.41	99.26	42.53	-22.59
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.38	126.72	226.91	161.91	-23.5
Net Income, 3 Yr. CAGR %	-0.38	126.72	226.91	161.91	-23.5
Normalized Net Income, 3 Yr. CAGR %	4.86	106.38	438.48	109.5	-27.57
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.5	106.88	217.27	159.62	-25.27
Accounts Receivable, 3 Yr. CAGR %	27.07	28.28	12.65	21.68	-0.73
Inventory, 3 Yr. CAGR %	34.71	39.87	9.5	9.66	1.54
Net Property, Plant and Equip., 3 Yr. CAGR %	17.48	4.85	-0.54	-3.73	3.49
Total Assets, 3 Yr. CAGR %	14.15	7.5	1.97	-1.74	2.86
Tangible Book Value, 3 Yr. CAGR %	12.51	11.02	9.36	2.32	6.06
Common Equity, 3 Yr. CAGR %	12.51	11.02	9.36	2.32	6.06
Cash From Operations, 3 Yr. CAGR %	27.23	65.57	105.65	25.33	-15
Capital Expenditures, 3 Yr. CAGR %	-20.55	-26.56	-58.17	-36.92	-24.91
Levered Free Cash Flow, 3 Yr. CAGR %	8.88	27.32	36.86	47.57	-2.44
Unlevered Free Cash Flow, 3 Yr. CAGR %	56.35	42.17	51.1	37.17	0.08
Dividend Per Share, 3 Yr. CAGR %	-	-	270.84	-	-20.44
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.23	45.08	34.05	7.82	9.03
Gross Profit, 5 Yr. CAGR %	54.56	83.99	40.57	6.4	19.54
EBITDA, 5 Yr. CAGR %	83.11	119.62	45.83	5.92	20.29
EBITA, 5 Yr. CAGR %	-1.43	63.08	77.67	5.77	34.94
EBIT, 5 Yr. CAGR %	-3.52	62.96	77.67	5.52	34.24
Earnings From Cont. Operations, 5 Yr. CAGR %	-53.78	34.57	125.2	24.34	79.83
Net Income, 5 Yr. CAGR %	-53.78	34.57	125.2	24.34	79.83
Normalized Net Income, 5 Yr. CAGR %	-33.23	45.34	113.09	11.5	134.46
Diluted EPS Before Extra, 5 Yr. CAGR %	-61.43	15.66	103.03	18.22	74.54
Accounts Receivable, 5 Yr. CAGR %	28.46	45.17	35.25	12.31	6.17
Inventory, 5 Yr. CAGR %	27.12	38.88	28.27	17.85	8.97
Net Property, Plant and Equip., 5 Yr. CAGR %	10.37	12.39	10.46	-0.68	2.72
Total Assets, 5 Yr. CAGR %	8.23	13.29	9.86	0.04	4.76
Tangible Book Value, 5 Yr. CAGR %	6.42	14.93	13.16	1.78	9.96
Common Equity, 5 Yr. CAGR %	6.42	14.93	13.16	1.78	9.96
Cash From Operations, 5 Yr. CAGR %	63.54	87.35	56.2	14.72	39.71
Capital Expenditures, 5 Yr. CAGR %	-31.39	-19.96	-29.29	-44	-30.8
Levered Free Cash Flow, 5 Yr. CAGR %	-30.62	-0.88	58.25	5.38	9.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	-24.48	1.83	83.81	14.74	18.28
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	84.54