Added to YB: 2026-05-25
Pitch date: 2026-05-22
SBLK [bullish]
Star Bulk Carriers Corp.
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
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
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.11
P/E
21.44
EV/Sales
3.33
Sector
Marine Transportation
Category
value
2026 Shipping Primer: The Trade of the Year - Star Bulk Carriers Corp.
SBLK: 145-vessel dry bulk fleet, 14M DWT, ~11.9yr avg age. High operating leverage: at $20.5k/day TCE yields 13% FCF ($3.40/share); $23.5k → 17.8% ($4.70); $26.5k → 22.6% ($6/share). Net debt slashed 63% since Q1 2021 to $542M; scrap value $975M > gross debt $951M. Trades below NAV despite strong execution & rising dividends.
Read full article (2 min)