SBLK vs ZIM: Star Bulk Carriers and ZIM Integrated Shipping Services compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- ZIM Integrated Shipping Services is the larger company, worth $3.5B, close to Star Bulk Carriers's $3.4B.
- Star Bulk Carriers grew revenue faster over the last year (-17.6% vs -18.1%).
- ZIM Integrated Shipping Services keeps more of each dollar of revenue as operating profit (14.7% vs 13.1%).
- On earnings, ZIM Integrated Shipping Services is the cheaper stock (7.5x vs 40.7x).
- Star Bulk Carriers's price assumes faster free cash flow growth: about 2% a year, against -33% for ZIM Integrated Shipping Services (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | SBLK | ZIM |
|---|---|---|
| Market cap | $3.4B | $3.5B |
| Share price | $29.70 | $29.99 |
| Revenue (last fiscal year) | $1.0B | $6.9B |
| Free cash flow (last fiscal year) | $212M | $2.1B |
| Revenue growth, last year | -17.6% | -18.1% |
| Revenue growth per year, last 5 fiscal years | -7.6% | -10.4% |
| Operating margin | 13.1% | 14.7% |
| Net margin | 8.1% | 6.9% |
| Return on equity | 3.4% | 11.9% |
| P/E (trailing) | 40.7x | 7.54x |
| Price / free cash flow | 16.1x | 2.20x |
| EV / EBITDA | 12.3x | 3.05x |
| FCF growth the price implies | 2.0% | -33.2% |
| Dividend yield | 2.0% | 4.2% |
| Debt / equity | 0.55x | 1.74x |
| Fundamental grade | D | C |
| Superinvestors holding it | 3 | 0 |
| Insider purchases, last 12 months | 9 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Star Bulk Carriers
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.4B | $637M | 51.8% |
| 2022 | $1.4B | $744M | 42.3% |
| 2023 | $949M | $318M | 25.1% |
| 2024 | $1.3B | $416M | 30.3% |
| 2025 | $1.0B | $212M | 13.1% |
ZIM Integrated Shipping Services
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $10.7B | $5.0B | 54.2% |
| 2022 | $12.6B | $5.8B | 48.8% |
| 2023 | $5.2B | $904M | -48.6% |
| 2024 | $8.4B | $3.5B | 30.0% |
| 2025 | $6.9B | $2.1B | 14.7% |
Where the revenue comes from
Star Bulk Carriers
No segment breakdown reported.
ZIM Integrated Shipping Services · by products, 2022
Questions
Which is bigger, Star Bulk Carriers or ZIM Integrated Shipping Services?
ZIM Integrated Shipping Services (ZIM), at $3.5B against $3.4B.
Is SBLK or ZIM cheaper?
By trailing P/E, ZIM Integrated Shipping Services (7.54x) is cheaper than Star Bulk Carriers (40.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, SBLK or ZIM?
Star Bulk Carriers: revenue grew -17.6% over the last year, against -18.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.