Added to YB: 2025-12-05
Pitch date: 2025-10-06
SBLK [bullish]
Star Bulk Carriers Corp.
+42.62%
current return
Author Info
No bio for this author
Company Info
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes through the ownership and operation of dry bulk carrier vessels worldwide.
Market Cap
$3.0B
Pitch Price
$17.63
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.11
P/E
21.44
EV/Sales
3.33
Sector
Marine Transportation
Category
value
Star Bulk Carriers Corp. - $SBLK
SBLK: Largest pure-play dry bulk shipper at ~30% discount to NAV despite low leverage. Strong capital allocation: $2.5B returned vs $2.1B market cap. Frederiksen acquired 11.7% stake + board seat, potential catalyst. Simandou iron ore project (3x Australia distance to China) launching, order book only 10-11% vs 20s% historical avg, aging fleet creates supply/demand tightening. Net debt below scrap value limits downside.
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