Eagle Bulk Shipping Inc.
Find Ratings ReportsEAGLE BULK SHIPPING INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its subsector, revenue growth did not. EAGLE BULK SHIPPING INC has weak liquidity. Currently, the Quick Ratio is 0.70 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 26.72% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 104.59 | 151.44 |
EBITDA ($mil) | 24.99 | 40.56 |
EBIT ($mil) | 13.05 | 28.17 |
Net Income ($mil) | 6.65 | 23.27 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 118.62 | 187.16 |
Total Assets ($mil) | 1147.95 | 1237.21 |
Total Debt ($mil) | 492.53 | 359.7 |
Equity ($mil) | 600.22 | 819.18 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 40.34 | 34.47 |
EBITDA Margin | 23.89 | 26.78 |
Operating Margin | 12.48 | 18.6 |
Sales Turnover | 0.34 | 0.58 |
Return on Assets | 1.97 | 20.04 |
Return on Equity | 3.79 | 30.28 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.89 | 2.03 |
Debt/Capital | 0.45 | 0.31 |
Interest Expense | 7.6 | 3.96 |
Interest Coverage | 1.72 | 7.11 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 9.33 | 13.0 |
Div / share | 0.1 | 1.8 |
EPS | 0.63 | 1.5 |
Book value / share | 64.36 | 62.99 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 166425.0 | 158456.0 |
HOLD. EAGLE BULK SHIPPING INC's P/E ratio indicates a significant premium compared to an average of 19.67 for the Water Transportation subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.96 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.67. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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EGLE 40.54 | Peers 19.67 | EGLE 10.34 | Peers 5.71 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. EGLE is trading at a significant premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. EGLE is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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EGLE 8.18 | Peers 8.38 | EGLE 0.22 | Peers 0.94 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. EGLE is trading at a significant premium to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. EGLE trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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EGLE 0.96 | Peers 4.67 | EGLE -90.01 | Peers 128.83 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. EGLE is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, EGLE is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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EGLE 1.47 | Peers 1.81 | EGLE -45.30 | Peers 47.97 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. EGLE is trading at a discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. EGLE significantly trails its peers on the basis of sales growth. |
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