Financials Star Bulk Carriers Corp.

Equities

SBLK

MHY8162K2046

Marine Freight & Logistics

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-02 pm EST			5-day change	1st Jan Change
17.04 ^USD	-1.62%		-8.63%	-19.85%

Nov. 20	Star Bulk Carriers Corp., Q3 2024 Earnings Call, Nov 20, 2024
Nov. 19	Star Bulk Carriers Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI

Projected Income Statement: Star Bulk Carriers Corp.

income-statement-evolution-chart STAR-BULK-CARRIERS-CORP

Fiscal Period: december	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	598.4	493.2	1,201	1,151	695.4	993.2	1,042	1,165
Change	-	-17.58%	143.58%	-4.22%	-39.56%	42.81%	4.91%	11.77%
EBITDA ¹	237.2	229.1	900.2	808.6	379.2	543.5	551.6	685.4
Change	-	-3.44%	292.98%	-10.18%	-53.1%	43.33%	1.49%	24.26%
EBIT ¹	113	86.78	747.6	651.9	240.8	382.8	418.6	498.7
Change	-	-23.17%	761.45%	-12.8%	-63.06%	58.98%	9.36%	19.14%
Interest Paid ¹	-87.62	-69.56	-56.04	-52.58	-71.32	-83.51	-74.07	-58.21
Earnings before Tax (EBT) ¹	-16.09	9.812	680.5	566.2	173.7	319.9	259.3	366.8
Change	-	-	6,835.85%	-16.8%	-69.33%	84.19%	-18.93%	41.44%
Net income ¹	-16.2	9.66	680.5	566	173.6	319	305.9	398.5
Change	-	-	6,944.82%	-16.83%	-69.34%	83.78%	-4.09%	30.28%
Announcement Date	2/19/20	2/17/21	2/16/22	2/16/23	2/13/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	184.6	105.6	86.37	156.6	144.7	160.4	258.4	354.8	427.6	307.5	351	271.8	220.4	156.5	177.5	165.5	195.8	202.3	280.5	273.8	238.5	213.9	221.7	240.1	306.8
Change	-	-42.82%	-18.17%	81.29%	-7.61%	10.88%	61.09%	37.31%	20.52%	-28.1%	14.14%	-22.55%	-18.93%	-28.96%	13.41%	-6.78%	18.33%	3.3%	38.68%	-2.42%	-12.89%	-10.29%	3.61%	8.31%	27.77%
EBITDA ¹	88.49	32.64	35.06	79.7	81.46	84.67	182.5	277.8	355.1	225.9	258.3	189.8	134.6	84.8	96.18	84.19	114	123	153.5	144.4	115.6	91.19	83.33	112.9	178.3
Change	-	-63.11%	7.42%	127.32%	2.2%	3.94%	115.52%	52.25%	27.82%	-36.39%	14.35%	-26.5%	-29.11%	-36.99%	13.42%	-12.47%	35.45%	7.83%	24.8%	-5.94%	-19.94%	-21.1%	-8.62%	35.52%	57.87%
EBIT ¹	56.2	19.28	-0.258	43.53	45.29	48.43	144.4	238.7	315.9	187.4	219.3	150.3	94.88	49.73	61.18	49.71	80.16	90.98	109.9	99.87	72.85	64.66	81.93	81.12	135.8
Change	-	-65.69%	-	-	4.04%	6.94%	198.08%	65.34%	32.35%	-40.68%	17.01%	-31.46%	-36.87%	-47.58%	23.01%	-18.74%	61.23%	13.5%	20.82%	-9.14%	-27.06%	-11.24%	26.71%	-0.99%	67.42%
Charge d'intérêts ¹	-21.38	-20.55	-17.83	-15.74	-15.43	-14.44	-15.02	-13.81	-12.76	-12.08	-12.23	-13.45	-14.82	-15.7	-16.03	-18.06	-21.53	-20.5	-25.61	-24.4	-20.25	-19.26	-18.75	-17.75	-17.25
Earnings before Tax (EBT) ¹	23.54	2.798	-44.14	23.26	27.88	35.76	124.2	220.4	300.2	170.4	200.1	109.7	86	45.98	44.23	43.75	39.66	74.75	106	81.25	57.85	17.81	36.76	65.53	116.6
Change	-	-88.11%	-	-	19.86%	28.25%	247.31%	77.46%	36.17%	-43.23%	17.46%	-45.19%	-21.61%	-46.53%	-3.8%	-1.09%	-9.34%	88.45%	41.85%	-23.38%	-28.8%	-69.22%	106.45%	78.25%	77.88%
Net income ¹	23.5	2.755	-44.12	23.25	27.77	35.76	124.2	220.4	300.2	170.4	200.1	109.7	85.8	45.88	44.32	43.66	39.71	74.86	106.1	81.27	56.79	17.81	36.76	65.53	116.6
Change	-	-88.28%	-	-	19.45%	28.76%	247.31%	77.45%	36.18%	-43.24%	17.48%	-45.19%	-21.79%	-46.53%	-3.39%	-1.5%	-9.04%	88.52%	41.71%	-23.39%	-30.13%	-68.64%	106.45%	78.25%	77.88%
Announcement Date	2/19/20	5/26/20	8/5/20	11/16/20	2/17/21	5/19/21	8/5/21	11/16/21	2/16/22	5/24/22	8/4/22	11/16/22	2/16/23	5/16/23	8/3/23	11/13/23	2/13/24	5/22/24	8/7/24	11/19/24	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Star Bulk Carriers Corp.

balance-sheet-analysis-chart STAR-BULK-CARRIERS-CORP

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,464	1,377	1,070	1,001	977	830	651	484
Change	-	-5.94%	-22.29%	-6.45%	-2.4%	-15.08%	-21.57%	-25.65%
Announcement Date	2/19/20	2/17/21	2/16/22	2/16/23	2/13/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Star Bulk Carriers Corp.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	279.8	72.06	130.1	20.87	15.3	54.3	99.3	129.2
Change	-	-74.25%	80.61%	-83.96%	-26.71%	254.95%	82.87%	30.06%
Free Cash Flow (FCF) ¹	-191.3	98.49	636.9	749	571.3	835.2	296.2	525.8
Change	-	-151.48%	546.67%	17.6%	-23.73%	46.19%	-64.53%	77.47%
Announcement Date	2/19/20	2/17/21	2/16/22	2/16/23	2/13/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Star Bulk Carriers Corp.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	39.64%	46.45%	74.94%	70.28%	54.53%	54.73%	52.94%	58.86%
EBIT Margin (%)	18.88%	17.6%	62.23%	56.65%	34.62%	38.54%	40.18%	42.83%
EBT Margin (%)	-2.69%	1.99%	56.65%	49.21%	24.97%	32.21%	24.89%	31.5%
Net margin (%)	-2.71%	1.96%	56.65%	49.19%	24.96%	32.12%	29.36%	34.22%
FCF margin (%)	-31.97%	19.97%	53.02%	65.1%	82.15%	84.1%	28.43%	45.15%
FCF / Net Income (%)	1,180.87%	1,019.6%	93.59%	132.34%	329.17%	261.86%	96.85%	131.92%
Profitability
ROA	-0.52%	0.3%	19.59%	15.75%	5.37%	8.91%	4.89%	8.93%
ROE	-1.06%	0.62%	37.5%	27.61%	9.43%	15.34%	10.16%	13.86%
Financial Health
Leverage (Debt/EBITDA)	6.17x	6.01x	1.19x	1.24x	2.58x	1.53x	1.18x	0.71x
Debt / Free cash flow	-7.65x	13.98x	1.68x	1.34x	1.71x	0.99x	2.2x	0.92x
Capital Intensity
CAPEX / Current Assets (%)	46.76%	14.61%	10.83%	1.81%	2.2%	5.47%	9.53%	11.09%
CAPEX / EBITDA (%)	117.96%	31.46%	14.46%	2.58%	4.03%	9.99%	18%	18.84%
CAPEX / FCF (%)	-146.27%	73.16%	20.43%	2.79%	2.68%	6.5%	33.52%	24.56%
Items per share
Cash flow per share ¹	0.9444	1.771	7.559	7.508	3.397	4.29	4.964	5.254
Change	-	87.57%	326.72%	-0.67%	-54.76%	26.28%	15.71%	5.84%
Dividend per Share ¹	0.1	-	4.25	5.1	1.42	2.485	2.327	2.759
Change	-	-	-	20%	-72.16%	75.03%	-6.36%	18.57%
Book Value Per Share ¹	16.07	16.12	21.41	19.63	19.76	22.41	22.01	22.61
Change	-	0.29%	32.83%	-8.31%	0.64%	13.39%	-1.78%	2.75%
EPS ¹	-0.17	0.1	6.71	5.52	1.76	2.986	2.796	3.685
Change	-	-158.82%	6,610%	-17.73%	-68.12%	69.68%	-6.38%	31.82%
Nbr of stocks (in thousands)	94,535	96,068	102,130	102,688	83,862	117,892	117,892	117,892
Announcement Date	2/19/20	2/17/21	2/16/22	2/16/23	2/13/24	-	-	-