| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 84 | 11.4x | 17.3x | Top tier | |
Growth | 34 | 6.3% | 7.1% | Bottom tier | |
Quality | 54 | 8.8% | 4.5% | Around median | |
Safety | 74 | 1.3x | 2.6x | Top tier | |
Capital Return | 95 | 3.48% | 0.06% | Top tier | |
Momentum | 89 | 72.1% | -1.6% | Top tier | |
Sentiment | 88 | 3 | 3 | Top tier |
The floor: what the company is worth if growth stopped today
10% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Star Bulk Carriers operates a dry bulk shipping platform comprising 138 vessels on a fully delivered basis, with an average age of approximately 12.4 years, and generates revenue from operating Newcastlemax, Capesize, Panamax, Kamsarmax, Ultramax, and Supramax classes. This diversity gives the company exposure to iron ore, coal, grain, bauxite, and minor bulk cargo markets, while its scale and integrated management support lower operating costs and improved time charter equivalent returns.
In fiscal Q2 2026, net income was $144.9 million, while adjusted net income reached $134.8 million, or $1.21 per share, versus reported earnings of $1.23 per share in the earnings release, and adjusted EBITDA was $184.2 million. The company achieved a time charter equivalent rate of $24,486 per vessel per day, versus combined net operating, administrative, and cash expenses of $6,542, leaving a daily cash margin of $17,944 before debt service and capital expenditures.
The fiscal Q2 2026 mix reflected fleet diversity: Newcastlemax and Capesize contributed 35% of revenue and 39% of adjusted EBITDA, while Panamax and Kamsarmax generated revenue of $77.7 million and adjusted EBITDA of $42.4 million, representing 28% and 24% of the total, respectively. Ultramax and Supramax were the largest revenue contributors at 37%, with $104.4 million in revenue and $66.5 million in adjusted EBITDA. On an annual basis, fiscal 2025 revenue declined to $1.0 billion from $1.3 billion in fiscal 2024, and net income fell to $84.2 million from $304.7 million.
The average analyst price target is $31.5, within a narrow range of $31 to $32, with a consensus Buy rating. The average target is slightly above the 52-week range high of $31.25, while the annual range extends to a low of $16.72, reflecting broad sensitivity to the shipping cycle. No price-to-earnings ratio is available in the data, so the net asset value valuation multiple of 0.85 cited on August 25, 2026 remains an additional reference point, but the decline in fiscal 2025 earnings and freight rate volatility justify not treating the consensus target as a guarantee of returns.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Net income was $144.9 million, while adjusted net income reached $134.8 million, or $1.21 per share. The earnings release reported earnings of $1.23 per share, exceeding expectations, while adjusted EBITDA was $184.2 million. The fleet also achieved a time charter equivalent rate of $24,486 per vessel per day and a cash margin of $17,944 before debt service and capital expenditures.
The board approved a dividend of $0.90 per share for fiscal Q2 2026, payable on September 3, 2026 to shareholders of record on August 21, 2026. The policy calls for distributing 100% of operating cash flow while maintaining a minimum cash balance of $2.1 million per vessel. Future dividend amounts are therefore linked to freight rates and cash flow, and $0.90 does not represent a fixed quarterly commitment.
The company ended fiscal Q2 2026 with a cash balance of $565 million after beginning the quarter with $409 million and generating $150 million in operating cash flow. In its August 6, 2026 presentation, management indicated approximately $532 million in cash and cash equivalents, $955 million in debt, and $110 million in undrawn facilities. The company also owns 29 debt-free vessels with a market value of approximately $790 million, after reducing net debt by 66% since 2021.
Automated analysis for informational purposes only — not investment advice.
Star Bulk took delivery of three Kamsarmax vessels out of eight new vessels and expected to receive the remaining five during fiscal Q3 and Q4 2026. Remaining capital expenditures total $122 million, while existing financing allows drawdowns of up to $129 million against the five vessels. Management estimated a mark-to-market gain of approximately $56 million on these vessels, while execution and freight rate risks at delivery remain.
Clarkson forecast dry bulk trade growth in 2026 of 2.4% in tons and 3.8% in ton-miles, after trade rose 3.3% and ton-miles increased 4.5% during the first half of 2026. Grain is a notable source of support, with expected growth of 6.5% in tons and 9.8% in ton-miles in 2026, alongside a 16% increase in Guinea's bauxite exports during the first half of 2026. By contrast, the 2027 forecast slows to growth of 1.1% in tons and 1.8% in ton-miles, making China, the conflict in the Middle East, and energy prices critical factors.