Star Bulk Carriers Corp (SBLK) - Net Assets
Based on the latest financial reports, Star Bulk Carriers Corp (SBLK) has net assets worth $2.43 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.67 Billion) and total liabilities ($1.24 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Star Bulk Carriers Corp (SBLK) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.43 Billion |
| % of Total Assets | 66.24% |
| Annual Growth Rate | 16.25% |
| 5-Year Change | 17.75% |
| 10-Year Change | 136.13% |
| Growth Volatility | 88.66 |
Star Bulk Carriers Corp - Net Assets Trend (2005–2025)
This chart illustrates how Star Bulk Carriers Corp's net assets have evolved over time, based on quarterly financial data. See Star Bulk Carriers Corp defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Star Bulk Carriers Corp (2005–2025)
The table below shows the annual net assets of Star Bulk Carriers Corp from 2005 to 2025. For live valuation and market cap data, see market cap of Star Bulk Carriers Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.45 Billion | -1.31% |
| 2024-12-31 | $2.48 Billion | +49.50% |
| 2023-12-31 | $1.66 Billion | -17.79% |
| 2022-12-31 | $2.02 Billion | -2.92% |
| 2021-12-31 | $2.08 Billion | +34.24% |
| 2020-12-31 | $1.55 Billion | +0.36% |
| 2019-12-31 | $1.54 Billion | +1.58% |
| 2018-12-31 | $1.52 Billion | +39.70% |
| 2017-12-31 | $1.09 Billion | +4.90% |
| 2016-12-31 | $1.04 Billion | -8.64% |
| 2015-12-31 | $1.14 Billion | -1.64% |
| 2014-12-31 | $1.15 Billion | +333.78% |
| 2013-12-31 | $266.11 Million | +127.94% |
| 2012-12-31 | $116.75 Million | -73.16% |
| 2011-12-31 | $434.90 Million | -10.93% |
| 2010-12-31 | $488.25 Million | -2.20% |
| 2009-12-31 | $499.26 Million | -10.87% |
| 2008-12-31 | $560.14 Million | +49.22% |
| 2007-12-31 | $375.38 Million | +203.87% |
| 2006-12-31 | $123.53 Million | +2.45% |
| 2005-12-31 | $120.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Star Bulk Carriers Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 503837.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $3.01 Billion | 122.69% |
| Total Equity | $2.45 Billion | 100.00% |
Star Bulk Carriers Corp Competitors by Market Cap
The table below lists competitors of Star Bulk Carriers Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tibet Huayu Mining Co Ltd
SHG:601020
|
$2.98 Billion |
|
Callaway Golf Company
NYSE:CALY
|
$2.98 Billion |
|
Dr. Lal Path Labs Ltd.
NSE:LALPATHLAB
|
$2.98 Billion |
|
SL Green Realty Corp
NYSE:SLG
|
$2.98 Billion |
|
Hellenic Petroleum S.A
AT:ELPE
|
$2.98 Billion |
|
Bank of Qingdao Co Ltd
SHE:002948
|
$2.98 Billion |
|
Jason Furniture(Hangzhou)
SHG:603816
|
$2.98 Billion |
|
Ansell Ltd
AU:ANN
|
$2.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Star Bulk Carriers Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,481,775,000 to 2,449,263,000, a change of -32,512,000 (-1.3%).
- Net income of 84,173,999 contributed positively to equity growth.
- Dividend payments of 34,375,000 reduced retained earnings.
- Share repurchases of 98,130,999 reduced equity.
- Other comprehensive income decreased equity by 2,299,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $84.17 Million | +3.44% |
| Dividends Paid | $34.38 Million | -1.4% |
| Share Repurchases | $98.13 Million | -4.01% |
| Other Comprehensive Income | $-2.30 Million | -0.09% |
| Other Changes | $18.12 Million | +0.74% |
| Total Change | $- | -1.31% |
Book Value vs Market Value Analysis
This analysis compares Star Bulk Carriers Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.26x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.01x to 1.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $8.89 | $26.75 | x |
| 2006-12-31 | $311.10 | $26.75 | x |
| 2007-12-31 | $764.67 | $26.75 | x |
| 2008-12-31 | $771.57 | $26.75 | x |
| 2009-12-31 | $615.11 | $26.75 | x |
| 2010-12-31 | $577.70 | $26.75 | x |
| 2011-12-31 | $459.10 | $26.75 | x |
| 2012-12-31 | $108.24 | $26.75 | x |
| 2013-12-31 | $94.25 | $26.75 | x |
| 2014-12-31 | $98.76 | $26.75 | x |
| 2015-12-31 | $29.02 | $26.75 | x |
| 2016-12-31 | $21.80 | $26.75 | x |
| 2017-12-31 | $17.26 | $26.75 | x |
| 2018-12-31 | $19.66 | $26.75 | x |
| 2019-12-31 | $16.47 | $26.75 | x |
| 2020-12-31 | $16.09 | $26.75 | x |
| 2021-12-31 | $20.50 | $26.75 | x |
| 2022-12-31 | $19.69 | $26.75 | x |
| 2023-12-31 | $16.78 | $26.75 | x |
| 2024-12-31 | $22.83 | $26.75 | x |
| 2025-12-31 | $21.22 | $26.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Star Bulk Carriers Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.07%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.55x
- Recent ROE (3.44%) is above the historical average (-11.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.09% | 0.00% | 0.00x | 1.57x | $-11.95 Million |
| 2006 | 2.41% | 0.00% | 0.00x | 1.58x | $-9.38 Million |
| 2007 | 0.91% | 93.89% | 0.01x | 1.08x | $-34.13 Million |
| 2008 | 23.88% | 55.98% | 0.27x | 1.59x | $77.72 Million |
| 2009 | -11.70% | -41.04% | 0.19x | 1.52x | $-108.34 Million |
| 2010 | -1.05% | -4.24% | 0.17x | 1.44x | $-53.96 Million |
| 2011 | -15.99% | -64.97% | 0.15x | 1.65x | $-113.05 Million |
| 2012 | -269.41% | -365.03% | 0.24x | 3.04x | $-326.20 Million |
| 2013 | 0.70% | 2.65% | 0.15x | 1.76x | $-24.76 Million |
| 2014 | -1.02% | -7.95% | 0.07x | 1.79x | $-127.15 Million |
| 2015 | -40.36% | -195.56% | 0.11x | 1.91x | $-571.71 Million |
| 2016 | -14.87% | -69.44% | 0.11x | 1.94x | $-257.95 Million |
| 2017 | -0.90% | -2.94% | 0.15x | 1.97x | $-118.58 Million |
| 2018 | 3.84% | 8.96% | 0.22x | 1.99x | $-93.61 Million |
| 2019 | -1.05% | -1.97% | 0.25x | 2.10x | $-170.60 Million |
| 2020 | 0.62% | 1.39% | 0.22x | 2.06x | $-145.29 Million |
| 2021 | 32.72% | 47.68% | 0.38x | 1.81x | $472.53 Million |
| 2022 | 28.03% | 39.38% | 0.42x | 1.70x | $364.06 Million |
| 2023 | 10.45% | 18.28% | 0.31x | 1.82x | $7.55 Million |
| 2024 | 12.28% | 24.07% | 0.31x | 1.65x | $56.48 Million |
| 2025 | 3.44% | 8.07% | 0.27x | 1.55x | $-160.75 Million |
Industry Comparison
This section compares Star Bulk Carriers Corp's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $407,050,032
- Average return on equity (ROE) among peers: 10.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Star Bulk Carriers Corp (SBLK) | $2.43 Billion | 0.09% | 0.51x | $2.98 Billion |
| Ardmore Shpng (ASC) | $574.44 Million | 20.33% | 0.20x | $677.32 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $193.93 Million | 19.22% | 3.01x | $1.23 Billion |
| C3is Inc. (CISS) | $95.10 Million | 11.01% | 0.04x | $1.20 Million |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -5.39% | 0.40x | $402.36 Million |
| Costamare Inc (CMRE) | $802.64 Million | 14.34% | 2.38x | $1.85 Billion |
| Castor Maritime Inc (CTRM) | $8.49 Million | 10.34% | 0.03x | $19.42 Million |
| Danaos Corporation (DAC) | $565.85 Million | 17.86% | 1.29x | $2.31 Billion |
| Diana Shipping Inc. (DSX) | $627.68 Million | 10.73% | 0.89x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $358.29 Million | -0.25% | 1.66x | $1.68 Billion |
| EuroDry Ltd (EDRY) | $62.30 Million | 1.80% | 1.05x | $64.11 Million |
About Star Bulk Carriers Corp
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. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2025, the company owned a fleet of 136 dry bulk vessels consisting o… Read more