⬤ Loading…
Star Bulk Carriers Corp.
…
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High 💎 VCP Breakout | BRS 65 Forming View all →
📈 Stage 2 detected Find the fundamental catalyst → → run Growth Triggers in Ask AI
$3.3B
Market Cap
21.9
P/E
5.18
PEG
9.8%
ROCE
5.8%
ROE
0.47
D/E
27.9%
OPM
-16.5%
% from 52W High
85
α RS
🔍 SBLK is showing a multi-screen setup because it matches 3 of 39 tracked screener presets, Sector RRG has Industrials in the Improving quadrant with the trail still strengthening, RS Rating is 86, and it has maintained a 35-day Near 52-Week High momentum persistence. The main caution: the Consistent Margins preset's Backtest win rate is only 49.2%. Net: Mixed signal stack, not a recommendation. ? Conviction RRG RS Rating Momentum Streaks Backtest
Sources
Conviction 3/39 · Industrials in Improving quadrant · RS Rating 86 · Near 52-Week High streak: 35d · Backtest win rate 49.2%
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for SBLK including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Star Bulk Carriers Corp. provides international seaborne transportation services for dry bulk commodities. The company transports major bulk cargoes, including iron ore, minerals, and grain, as well as minor bulks such as bauxite, fertilizers, and steel products. The company owns a fleet of dry bulk vessels consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Ultramax, and Supramax vessels. Star Bulk Carriers Corp. was incorporated in 2006 and is based in Marousi, Greece.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding SBLK
View All Superinvestors →
Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 2.07M $47.5M 0.07% Mar 2026
Steve Cohen Point72 Asset Management 789.9K $18.1M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED Star Bulk Carriers Q1 2026 net income $58.5M, adjusted EPS $0.52, fleet 136 vessels.
Revenue & Profitability
For Q1 2026, Star Bulk reported net income of $58.5 million, adjusted net income of $63 million (adjusted EPS $0.52), and adjusted EBITDA of $114.3 million. The company generated $112 million in operating cash flow. Time charter equivalent (TCE) was $18,493 per vessel per day. Combined daily OpEx and net cash G&A was $6,420, resulting in a daily cash margin of $12,073 before debt service and CapEx.
Outlook
Management is very bullish for the balance of 2026 and for 2027, citing a favorable supply backdrop (order book at 13.2% of fleet, fleet aging) and robust demand (dry bulk trade projected to expand 1.3% in tons and 2.5% in ton-miles in 2026). Geopolitical tensions in the Middle East are seen as near-term positive due to increased ton-miles and slower steaming. Risks include potential economic slowdown from high oil prices and uncertainty about the trajectory of conflicts.
Growth Drivers
Key growth drivers include rising ton-miles from long-distance Atlantic exports, strong bauxite exports from Guinea (up 23% year-on-year), and increased grain trade (projected to expand 6.8% in ton-miles in 2026). The company also benefits from its diversified scrubber-fitted fleet and commercial strategy. El Niño is expected to drive higher energy consumption in the northern hemisphere, supporting coal demand.
Balance Sheet & CapEx
Remaining CapEx for eight high-specification Kamsarmax newbuildings is $195 million, with financing largely secured ($130 million debt for Qingdao-built vessels, expected $51.2 million for Hengli-built vessels). Additional investments include energy-saving device installations (eight scheduled for 2026) and drydocking; drydock schedule for the remainder of 2026 totals approximately $42 million and around 1,236 off-hire days. The company has completed 61 ESD installations to date.
Margins
Star Bulk's daily cash margin was $12,073 per vessel per day before debt service and CapEx, reflecting strong operating leverage. Operating expenses are among the lowest in the peer group. The company's dividend policy distributes 100% of free cash flow subject to a minimum cash balance of $2.1 million per vessel. Every $1,500 fleet-wide TCE increase translates to $0.64 per share of incremental dividend.
Key Risks
Management highlighted risks from heightened geopolitical uncertainty, particularly the Middle East conflict, which could push oil prices sharply higher (e.g., $150/barrel) and damage the world economy, reducing commodity demand. Other risks include potential opening of the Persian Gulf or end of conflicts reducing positive tailwinds, and the possibility that El Niño could lead to droughts impacting grain crops. The IMF revised its 2026 global growth forecast down to 3.1% from 3.3%.
Generated by AI · Q1 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Strong Q2 2026 results featured $144.9M net income, robust cash flow, and disciplined capital returns. Fleet modernization and efficiency upgrades continued, with significant newbuild deliveries and ESG progress. Market outlook remains positive amid favorable supply-demand dynamics.
Q1 2026 Q1 2026 2026-05-21
Q1 2026 saw strong profitability, robust cash flow, and disciplined capital returns, with a positive outlook for the rest of 2026 and 2027. Fleet renewal and efficiency upgrades continue, while management remains bullish despite geopolitical and energy price risks.
Q4 2025 Q4 2025 2026-02-26
Solid Q4 2025 results featured strong profitability, robust cash generation, and disciplined capital returns through dividends and buybacks. Operational efficiency and fleet renewal remain priorities, while favorable market fundamentals and easing trade tensions support a positive outlook.
Q3 2025 Q3 2025 2025-11-19
Q3 2025 saw adjusted net income of $32.4 million and adjusted EBITDA of $87 million, with strong liquidity and continued shareholder returns. Fleet renewal and efficiency upgrades progressed, while market fundamentals and regulatory changes shape a cautiously optimistic outlook.
Q2 2025 Q2 2025 2025-08-06
Q2 2025 saw adjusted net income of $13.2 million and $69 million in adjusted EBITDA, with strong liquidity and ongoing share buybacks. Fleet optimization and cost synergies from the Eagle acquisition continue, while the outlook remains positive amid regulatory and market shifts.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.