Star Bulk Carriers Corp. (SBLK)

Deep Sea Foreign Transportation of Freight

Latest Price

$28.36

TTM P/E

Normalized P/E

TTM Div Yield

3.63%

Fwd Div Yield

12.69%

Book Value

22.59

P/B Ratio

1.26

Valuation metrics

EPS: $0.73

Book value / share: $21.59

Formula: √(22.5 × EPS × BVPS)

Graham Number

$18.83

34% downside

Norm. op. income: $238M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$24.28

14% downside

Base FCF: $416M (median of recent 5yr)

Growth: 17%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$155.41

+448% upside

EPS: $0.73

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$10.95

61% downside