Star Bulk Carriers Corp. (NASDAQ: SBLK) and Navios Maritime Partners (NYSE:NMM) are both small-cap transportation companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, valuation, institutional ownership and risk.
This table compares Star Bulk Carriers Corp. and Navios Maritime Partners’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Star Bulk Carriers Corp.||-36.90%||-5.54%||-2.83%|
|Navios Maritime Partners||-19.50%||2.60%||1.49%|
This is a breakdown of recent ratings and price targets for Star Bulk Carriers Corp. and Navios Maritime Partners, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Star Bulk Carriers Corp.||0||1||6||0||2.86|
|Navios Maritime Partners||0||2||1||0||2.33|
Star Bulk Carriers Corp. presently has a consensus price target of $12.80, suggesting a potential upside of 22.72%. Navios Maritime Partners has a consensus price target of $2.17, suggesting a potential upside of 1.72%. Given Star Bulk Carriers Corp.’s stronger consensus rating and higher probable upside, research analysts plainly believe Star Bulk Carriers Corp. is more favorable than Navios Maritime Partners.
Institutional & Insider Ownership
75.0% of Star Bulk Carriers Corp. shares are held by institutional investors. Comparatively, 17.1% of Navios Maritime Partners shares are held by institutional investors. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Volatility and Risk
Star Bulk Carriers Corp. has a beta of 2.92, indicating that its stock price is 192% more volatile than the S&P 500. Comparatively, Navios Maritime Partners has a beta of 1.79, indicating that its stock price is 79% more volatile than the S&P 500.
Valuation & Earnings
This table compares Star Bulk Carriers Corp. and Navios Maritime Partners’ top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Star Bulk Carriers Corp.||$266.62 million||2.48||$59.97 million||($1.86)||-5.61|
|Navios Maritime Partners||$192.44 million||1.67||$104.34 million||($0.45)||-4.73|
Navios Maritime Partners has higher revenue, but lower earnings than Star Bulk Carriers Corp.. Star Bulk Carriers Corp. is trading at a lower price-to-earnings ratio than Navios Maritime Partners, indicating that it is currently the more affordable of the two stocks.
Star Bulk Carriers Corp. beats Navios Maritime Partners on 7 of the 12 factors compared between the two stocks.
Star Bulk Carriers Corp. Company Profile
Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt). The Company’s vessels transport a range of bulk commodities, including ores, coal, grains and fertilizers, along shipping routes across the world. The Company’s fleet, which emphasizes Capesize vessels, primarily transports minerals from the Americas and Australia to East Asia, particularly China, as well as Japan, South Korea, Taiwan, Indonesia and Malaysia. The Company’s Supramax vessels carry minerals, grain products and steel between the Americas, Europe, Africa, Australia and Indonesia, and from these areas to China, Japan, South Korea, Taiwan, the Philippines and Malaysia.
Navios Maritime Partners Company Profile
Navios Maritime Partners L.P. is an international owner and operator of dry cargo and container vessels. The Company is engaged in the seaborne transportation services of a range of dry cargo commodities, including iron ore, coal, grain and fertilizer, and also containers, chartering its vessels under medium to long-term charters. It focuses on providing seaborne shipping services under long-term time charters. As of December 31, 2016, it controlled 12 Panamax vessels, nine Capesize vessels, three Ultra-Handymax vessels and seven container vessels. Panamax vessels are vessels capable of carrying a range of dry cargo commodities, including iron ore, coal, grain and fertilizer and being accommodated in various discharge ports. Capesize vessels are dedicated to the carriage of iron ore and coal. Ultra-Handymax vessels are similar to Panamax vessels although with less carrying capacity, and have self-loading and discharging gear on board to accommodate undeveloped ports.
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