(KEX) Kirby - Overview
Stock: Tank Barges, Towboats, Engine Parts, Oilfield Equipment, Power
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 30.6% |
| Relative Tail Risk | -12.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.44 |
| Alpha | -3.56 |
| Character TTM | |
|---|---|
| Beta | 1.044 |
| Beta Downside | 0.841 |
| Drawdowns 3y | |
|---|---|
| Max DD | 38.76% |
| CAGR/Max DD | 0.49 |
Description: KEX Kirby January 09, 2026
Kirby Corporation (NYSE:KEX) is a U.S.-based marine transportation and services firm that operates a diversified fleet of inland and coastal tank barges, towboats, and offshore dry-bulk vessels. Its Marine Transportation segment moves bulk liquid commodities-including petrochemicals, refined products, and agricultural chemicals-along the Mississippi River system, Gulf Intracoastal Waterway, and U.S. coasts, while the Distribution & Services segment provides aftermarket parts, equipment rebuilds, rentals, and manufacturing of oilfield and power-generation gear.
Key operating metrics (FY 2023) show approximately $1.5 billion in revenue, a 7 % year-over-year increase in barge utilization to roughly 85 % of capacity, and operating cash flow of $300 million, reflecting strong demand for inland waterway transport amid rising U.S. refined product consumption. The segment’s earnings are highly sensitive to barge day rates, which are driven by crude oil price volatility, seasonal agricultural harvest cycles, and infrastructure constraints on the Mississippi River (e.g., lock closures). Additionally, the services arm benefits from a growing need for equipment refurbishment as the oilfield sector ages its capital base, a trend supported by a 4-year average industry equipment-replacement cycle of 12-15 years.
For a deeper quantitative view of Kirby’s valuation dynamics, you might explore the company’s profile on ValueRay to see how its cash-flow yields compare to peers in the marine transportation space.
Piotroski VR‑10 (Strict, 0-10) 9.0
| Net Income: 354.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 3.70 > 0.02 and ΔFCF/TA 363.7 > 1.0 |
| NWC/Revenue: -17.98% < 20% (prev 10.22%; Δ -28.21% < -1%) |
| CFO/TA 7.68 > 3% & CFO 605.4m > Net Income 354.6m |
| Net Debt (-78.8m) to EBITDA (781.9m): -0.10 < 3 |
| Current Ratio: 0.12 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.5m) vs 12m ago -5.71% < -2% |
| Gross Margin: 26.26% > 18% (prev 0.25%; Δ 2601 % > 0.5%) |
| Asset Turnover: 113.4% > 50% (prev 55.81%; Δ 57.64% > 0%) |
| Interest Coverage Ratio: 11.18 > 6 (EBITDA TTM 781.9m / Interest Expense TTM 46.3m) |
Altman Z'' 10.00
| A: -7.68 (Total Current Assets 78.8m - Total Current Liabilities 683.8m) / Total Assets 78.8m |
| B: 41.14 (Retained Earnings 3.24b / Total Assets 78.8m) |
| C: 0.17 (EBIT TTM 517.7m / Avg Total Assets 2.97b) |
| D: 1.25 (Book Value of Equity 3.38b / Total Liabilities 2.70b) |
| Altman-Z'' Score: 86.24 = AAA |
What is the price of KEX shares?
Over the past week, the price has changed by +4.01%, over one month by +3.34%, over three months by +15.16% and over the past year by +14.21%.
Is KEX a buy, sell or hold?
- StrongBuy: 5
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the KEX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 138.8 | 13.4% |
| Analysts Target Price | 138.8 | 13.4% |
| ValueRay Target Price | 139.6 | 14.1% |
KEX Fundamental Data Overview February 01, 2026
P/E Forward = 16.5289
P/S = 1.9516
P/B = 1.9574
P/EG = 2.6273
Revenue TTM = 3.36b USD
EBIT TTM = 517.7m USD
EBITDA TTM = 781.9m USD
Long Term Debt = 1.04b USD (from longTermDebt, two quarters ago)
Short Term Debt = 51.6m USD (from shortTermDebt, two quarters ago)
Debt = 1.25b USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = -78.8m USD (from netDebt column, last quarter)
Enterprise Value = 7.74b USD (6.57b + Debt 1.25b - CCE 78.8m)
Interest Coverage Ratio = 11.18 (Ebit TTM 517.7m / Interest Expense TTM 46.3m)
EV/FCF = 26.57x (Enterprise Value 7.74b / FCF TTM 291.3m)
FCF Yield = 3.76% (FCF TTM 291.3m / Enterprise Value 7.74b)
FCF Margin = 8.66% (FCF TTM 291.3m / Revenue TTM 3.36b)
Net Margin = 10.54% (Net Income TTM 354.6m / Revenue TTM 3.36b)
Gross Margin = 26.26% ((Revenue TTM 3.36b - Cost of Revenue TTM 2.48b) / Revenue TTM)
Gross Margin QoQ = 26.24% (prev 25.69%)
Tobins Q-Ratio = 98.24 (set to none) (Enterprise Value 7.74b / Total Assets 78.8m)
Interest Expense / Debt = 0.90% (Interest Expense 11.2m / Debt 1.25b)
Taxrate = 25.90% (32.2m / 124.2m)
NOPAT = 383.6m (EBIT 517.7m * (1 - 25.90%))
Current Ratio = 0.12 (Total Current Assets 78.8m / Total Current Liabilities 683.8m)
Debt / Equity = 0.37 (Debt 1.25b / totalStockholderEquity, last quarter 3.38b)
Debt / EBITDA = -0.10 (Net Debt -78.8m / EBITDA 781.9m)
Debt / FCF = -0.27 (Net Debt -78.8m / FCF TTM 291.3m)
Total Stockholder Equity = 3.36b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.96% (Net Income 354.6m / Total Assets 78.8m)
RoE = 10.54% (Net Income TTM 354.6m / Total Stockholder Equity 3.36b)
RoCE = 11.75% (EBIT 517.7m / Capital Employed (Equity 3.36b + L.T.Debt 1.04b))
RoIC = 8.63% (NOPAT 383.6m / Invested Capital 4.45b)
WACC = 8.30% (E(6.57b)/V(7.82b) * Re(9.76%) + D(1.25b)/V(7.82b) * Rd(0.90%) * (1-Tc(0.26)))
Discount Rate = 9.76% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.12%
[DCF Debug] Terminal Value 80.28% ; FCFF base≈315.7m ; Y1≈389.4m ; Y5≈663.2m
Fair Price DCF = 196.3 (EV 10.56b - Net Debt -78.8m = Equity 10.64b / Shares 54.2m; r=8.30% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 92.49 | EPS CAGR: 59.75% | SUE: 0.72 | # QB: 0
Revenue Correlation: 86.91 | Revenue CAGR: 9.27% | SUE: -0.49 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.41 | Chg30d=-0.135 | Revisions Net=+1 | Analysts=6
EPS current Year (2026-12-31): EPS=6.76 | Chg30d=-0.207 | Revisions Net=-1 | Growth EPS=+6.9% | Growth Revenue=+2.7%
EPS next Year (2027-12-31): EPS=8.16 | Chg30d=+0.676 | Revisions Net=+2 | Growth EPS=+20.6% | Growth Revenue=+6.4%