Star Bulk Carriers Corp. Common Shares (SBLK)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Star Bulk is a dry bulk shipping operator with a fleet spanning Newcastlemax to Supramax vessels. It hauls iron ore, grain, bauxite, fertilizers, and steel products. This is a commodity business: vessels are price-takers, and rates are set by global trade, not by brand or switching costs. I see no durable moat, only cost discipline and scale. Still, in fiscal Q2 2026 the company reported revenue of $357.4M, net income of $144.9M, and a 40.56% net margin. That is a strong quarter, though shipping earnings are inherently volatile. At the 2026-10-13 close of $29.79, the market cap is $2.8B. FairStock calculations put the P/E at 11.68, P/B at 1.32, FCF yield at 10.4%, and dividend yield at 5.79%. FairStock's Graham Number is $35.95, offering a 17.13% margin of safety by that conservative metric. Piotroski is 7/9, which is constructive. But Altman Z is 1.41, in a worrisome zone, and ROCE of 5.42% is modest for a capital-intensive fleet. Debt-to-equity of 0.47 is manageable, and beta of 0.72 suggests less volatility than the market. PEG of 0.22 looks cheap, but that growth is unlikely to be steady. FairStock Score 44/100 and no Lynch category due to only 0 years of filed results suggest caution. I would want a larger discount before calling this a clear bargain.

In plain English: Star Bulk owns ships that carry dry commodities like iron ore, grain, and fertilizer around the world. The business is profitable and pays a solid dividend, but shipping demand is up and down and revenue recently slipped. At the recent share price, the stock looks moderately cheap compared with the company's earnings and book value, though not a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer