KEX Valuation

Kirby Corp

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88.690

-6.32(-6.652%)1D

Overview
Forecast
Valuation
Earnings

KEX Relative Valuation

KEX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, KEX is overvalued; if below, it's undervalued.

Historical Valuation

Kirby Corp (KEX) is now in the Fair zone, suggesting that its current forward PE ratio of 14.26 is considered Fairly compared with the five-year average of 27.60. The fair price of Kirby Corp (KEX) is between 49.05 to 254.85 according to relative valuation methord.

Relative Value

Fair Zone

49.05-254.85

Current Price：88.69

Fair

14.26

Trailing

Forward

8.43

EV/EBITDA

Kirby Corp. (KEX) has a current EV/EBITDA of 8.43. The 5-year average EV/EBITDA is 11.14. The thresholds are as follows: Strongly Undervalued below 6.71, Undervalued between 6.71 and 8.92, Fairly Valued between 13.36 and 8.92, Overvalued between 13.36 and 15.57, and Strongly Overvalued above 15.57. The current Forward EV/EBITDA of 8.43 falls within the Undervalued range.

12.74

EV/EBIT

Kirby Corp. (KEX) has a current EV/EBIT of 12.74. The 5-year average EV/EBIT is 23.61. The thresholds are as follows: Strongly Undervalued below -5.04, Undervalued between -5.04 and 9.29, Fairly Valued between 37.94 and 9.29, Overvalued between 37.94 and 52.27, and Strongly Overvalued above 52.27. The current Forward EV/EBIT of 12.74 falls within the Historic Trend Line -Fairly Valued range.

1.57

Kirby Corp. (KEX) has a current PS of 1.57. The 5-year average PS is 1.55. The thresholds are as follows: Strongly Undervalued below 1.02, Undervalued between 1.02 and 1.28, Fairly Valued between 1.81 and 1.28, Overvalued between 1.81 and 2.08, and Strongly Overvalued above 2.08. The current Forward PS of 1.57 falls within the Historic Trend Line -Fairly Valued range.

8.91

P/OCF

Kirby Corp. (KEX) has a current P/OCF of 8.91. The 5-year average P/OCF is 9.44. The thresholds are as follows: Strongly Undervalued below 5.68, Undervalued between 5.68 and 7.56, Fairly Valued between 11.32 and 7.56, Overvalued between 11.32 and 13.20, and Strongly Overvalued above 13.20. The current Forward P/OCF of 8.91 falls within the Historic Trend Line -Fairly Valued range.

13.47

P/FCF

Kirby Corp. (KEX) has a current P/FCF of 13.47. The 5-year average P/FCF is 17.14. The thresholds are as follows: Strongly Undervalued below 4.87, Undervalued between 4.87 and 11.00, Fairly Valued between 23.27 and 11.00, Overvalued between 23.27 and 29.41, and Strongly Overvalued above 29.41. The current Forward P/FCF of 13.47 falls within the Historic Trend Line -Fairly Valued range.

Kirby Corp (KEX) has a current Price-to-Book (P/B) ratio of 1.57. Compared to its 3-year average P/B ratio of 1.68 , the current P/B ratio is approximately -6.26% higher. Relative to its 5-year average P/B ratio of 1.48, the current P/B ratio is about 6.50% higher. Kirby Corp (KEX) has a Forward Free Cash Flow (FCF) yield of approximately 4.22%. Compared to its 3-year average FCF yield of 3.32%, the current FCF yield is approximately 27.41% lower. Relative to its 5-year average FCF yield of 5.05% , the current FCF yield is about -16.42% lower.

1.57

P/B

Median3y

1.68

Median5y

1.48

4.22

FCF Yield

Median3y

3.32

Median5y

5.05

Competitors Valuation Multiple

The average P/S ratio for KEX's competitors is 2.19, providing a benchmark for relative valuation. Kirby Corp Corp (KEX) exhibits a P/S ratio of 1.57, which is -28.27% above the industry average. Given its robust revenue growth of 3.77%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Himalaya Shipping Ltd

Performance Decomposition

Market capitalization of KEX decreased by 22.40% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 10.19 to 11.03.

The secondary factor is the Revenue Growth, contributed 3.77%to the performance.

Overall, the performance of KEX in the past 1 year is driven by Margin Expansion. Which is more sustainable.

3.77%

824.39M → 855.46M

Revenue Growth

8.24%

10.19 → 11.03

Margin Expansion

-34.41%

27.47 → 18.02

P/E Change

-22.40%