View ValuationSafe Bulkers 将来の成長Future 基準チェック /16Safe Bulkers利益と収益がそれぞれ年間6.7%と1.1%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に5.9% 6.5%なると予測されています。主要情報6.7%収益成長率6.52%EPS成長率Shipping 収益成長7.2%収益成長率1.1%将来の株主資本利益率5.90%アナリストカバレッジLow最終更新日12 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Jeffrey Bunzel was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 17Safe Bulkers, Inc Announces Board and Committees AppointmentsSafe Bulkers, Inc. announced that on the recommendation of the Corporate Governance, Nominating and Compensation Committee, the Board of Directors of the Company (the “Board”) voted to expand the size of the Board from nine to eleven directors and to appoint Jeffrey Bunzel and Vassilis Hajioannou to fill the new positions, with immediate effect. The Board has determined that Mr. Bunzel is independent for the purposes of NYSE independence standards and has appointed Mr. Bunzel to serve on the Corporate Governance, Nominating and Compensation Committee, the Environmental, Social and Corporate Governance Committee and the Audit Committee. Mr. Jeffrey Bunzel brings more than thirty years' experience in Investment, Banking and Capital Markets. He has been Managing Director, Head of Equity Capital Markets at Deutsche Bank AG for 14 years. Before, from 1994-2012 he had been Managing Director at Credit Suisse. Mr. Bunzel holds a bachelor’s degree from the University of California, Berkeley and a Master of Arts from the Fletcher School of Law and Diplomacy. He is a member of the Council on Foreign Relations. Mr. Vasilis Hajioannou, with experience in Operations and Chartering departments combines technical knowledge with operational oversight. Mr. Hajioannou holds a bachelor’s degree in marine engineering and a master’s degree in shipping and logistics from Newcastle University, UK.お知らせ • Feb 19Safe Bulkers, Inc. Declares Cash Dividend, Payable on March 18, 2026On February 18, 2026, the Board of Safe Bulkers, Inc. declared a cash dividend on the company’s common stock of $0.05 per share which is payable on March 18, 2026, to the shareholders of record of the company’s common stock at the close of trading on March 2, 2026.お知らせ • Feb 09Safe Bulkers, Inc. to Report Q4, 2025 Results on Feb 18, 2026Safe Bulkers, Inc. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026お知らせ • Nov 26Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on December 19, 2025On November 25, 2025, the Board of Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on December 19, 2025, to the shareholders of record of the Company’s common stock at the close of trading on December 8, 2025. As of November 21, 2025, the Company had 102,328,395 shares of common stock issued and outstanding.お知らせ • Nov 20Safe Bulkers, Inc. to Report Q3, 2025 Results on Nov 25, 2025Safe Bulkers, Inc. announced that they will report Q3, 2025 results After-Market on Nov 25, 2025お知らせ • Jul 30Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on September 5, 2025On July 29, 2025, the Board of the Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on September 5, 2025, to the shareholders of record of the Company’s common stock at the close of trading on August 21, 2025.お知らせ • Jul 23Safe Bulkers, Inc. to Report Q2, 2025 Results on Jul 29, 2025Safe Bulkers, Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2025お知らせ • Jun 28Safe Bulkers, Inc., Annual General Meeting, Sep 16, 2025Safe Bulkers, Inc., Annual General Meeting, Sep 16, 2025, at 15:00 Romance Standard Time. Location: hotel hermitage monte-carlo, square beaumarchais, monte-carlo, 98000, Monacoお知らせ • May 14Safe Bulkers, Inc. to Report Q1, 2025 Results on May 19, 2025Safe Bulkers, Inc. announced that they will report Q1, 2025 results After-Market on May 19, 2025お知らせ • Feb 19Safe Bulkers, Inc. Declares Cash Dividend on Common Stock, Payable on March 21, 2025On February 18, 2025, the Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on March 21, 2025, to the shareholders of record of the Company’s common stock at the close of trading on March 3, 2025.お知らせ • Feb 12Safe Bulkers, Inc. to Report Q4, 2024 Results on Feb 18, 2025Safe Bulkers, Inc. announced that they will report Q4, 2024 results After-Market on Feb 18, 2025Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: US$0.22 (vs US$0.12 in 3Q 2023)Third quarter 2024 results: EPS: US$0.22 (up from US$0.12 in 3Q 2023). Revenue: US$75.9m (up 17% from 3Q 2023). Net income: US$23.1m (up 77% from 3Q 2023). Profit margin: 31% (up from 20% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.お知らせ • Nov 14Safe Bulkers, Inc. Declares Cash Dividend, Payable on December 17, 2024Safe Bulkers, Inc. on November 13, 2024, the Board of Directors of the Company declared a cash dividend on the Company's common stock of $0.05 per share which is payable on December 17, 2024, to the shareholders of record of the Company's common stock at the close of trading on December 2, 2024.お知らせ • Nov 08Safe Bulkers, Inc. to Report Q3, 2024 Results on Nov 13, 2024Safe Bulkers, Inc. announced that they will report Q3, 2024 results After-Market on Nov 13, 2024お知らせ • Sep 13Safe Bulkers, Inc. Announces Director ChangesSafe Bulkers, Inc. at its AGM held on September 13, 2024 announced the election of three Class I directors. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their respective successors have been duly elected and qualified.Declared Dividend • Aug 05Second quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 21st August 2024 Payment date: 5th September 2024 Dividend yield will be 4.3%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 30Second quarter 2024 earnings released: EPS: US$0.24 (vs US$0.12 in 2Q 2023)Second quarter 2024 results: EPS: US$0.24 (up from US$0.12 in 2Q 2023). Revenue: US$78.5m (up 11% from 2Q 2023). Net income: US$25.6m (up 91% from 2Q 2023). Profit margin: 33% (up from 19% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.お知らせ • Jul 30Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on September 5, 2024Safe Bulkers, Inc. declared a cash dividend of $0.05 per share of outstanding common stock which is payable on September 5, 2024, to the shareholders of record of the Company's common stock at the close of trading on August 21, 2024. As of July 19, 2024, the Company had 106,770,420 shares of common stock issued and outstanding.お知らせ • Jul 22Safe Bulkers, Inc. to Report Q2, 2024 Results on Jul 29, 2024Safe Bulkers, Inc. announced that they will report Q2, 2024 results After-Market on Jul 29, 2024お知らせ • Jun 28Safe Bulkers, Inc., Annual General Meeting, Sep 12, 2024Safe Bulkers, Inc., Annual General Meeting, Sep 12, 2024, at 14:00 Romance Standard Time. Location: fairmont hotel, 12 avenue des spelugues, 98000 monaco, monte carlo MonacoDeclared Dividend • May 06First quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 16th May 2024 Payment date: 30th May 2024 Dividend yield will be 3.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: US$0.23 (vs US$0.15 in 1Q 2023)First quarter 2024 results: EPS: US$0.23 (up from US$0.15 in 1Q 2023). Revenue: US$81.7m (up 22% from 1Q 2023). Net income: US$25.3m (up 46% from 1Q 2023). Profit margin: 31% (up from 26% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 26Safe Bulkers, Inc. to Report Q1, 2024 Results on Apr 29, 2024Safe Bulkers, Inc. announced that they will report Q1, 2024 results After-Market on Apr 29, 2024Reported Earnings • Mar 02Full year 2023 earnings released: EPS: US$0.61 (vs US$1.36 in FY 2022)Full year 2023 results: EPS: US$0.61 (down from US$1.36 in FY 2022). Revenue: US$284.4m (down 19% from FY 2022). Net income: US$69.4m (down 58% from FY 2022). Profit margin: 24% (down from 47% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year.Upcoming Dividend • Feb 22Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 29 February 2024. Payment date: 19 March 2024. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (16%).Declared Dividend • Feb 19Fourth quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 29th February 2024 Payment date: 19th March 2024 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 13Full year 2023 earnings released: EPS: US$0.61 (vs US$1.36 in FY 2022)Full year 2023 results: EPS: US$0.61 (down from US$1.36 in FY 2022). Revenue: US$284.4m (down 19% from FY 2022). Net income: US$69.4m (down 58% from FY 2022). Profit margin: 24% (down from 47% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 13Safe Bulkers, Inc. Declares Cash Dividend, Payable on March 19, 2024On February 12, 2024, the Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company's common stock of $0.05 per share which is payable on March 19, 2024 to the shareholders of record of the Company's common stock at the closing of trading on March 1, 2024.お知らせ • Feb 07Safe Bulkers, Inc. to Report Q4, 2023 Results on Feb 12, 2024Safe Bulkers, Inc. announced that they will report Q4, 2023 results After-Market on Feb 12, 2024Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €3.85, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 378% over the past three years.お知らせ • Nov 24Safe Bulkers, Inc. Announces the Formation of A Board of Directors Committee on Environmental, Social and GovernanceSafe Bulkers, Inc. announced that it has formed a new Board of Directors committee on Environmental, Social and Governance. The ESG Committee shall support the Company's overall ESG strategic direction, providing the executive management and the Board of Directors with ESG insights on significant trends. The ESG Committee consists of six Board members, four of whom are independent directors. The President of the Company has been assigned to lead the management team on ESG matters and report to the ESG Committee. The ESG Committee shall review the Company's ESG performance and ensure governance oversight by the Board of Directors of the ESG strategy and implementation, consistent with the priorities outlined in the Company's sustainability report. Loukas Barmparis, is the President of the company.Upcoming Dividend • Nov 17Upcoming dividend of US$0.05 per share at 5.6% yieldEligible shareholders must have bought the stock before 24 November 2023. Payment date: 14 December 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (21%).お知らせ • Nov 08Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on December 14, 2023The Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company's common stock of $0.05 per share which is payable on December 14, 2023 to the shareholders of record of the Company's common stock at the closing of trading on November 27, 2023.Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: US$0.12 (vs US$0.41 in 3Q 2022)Third quarter 2023 results: EPS: US$0.12 (down from US$0.41 in 3Q 2022). Revenue: US$64.7m (down 31% from 3Q 2022). Net income: US$13.0m (down 73% from 3Q 2022). Profit margin: 20% (down from 52% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 03Safe Bulkers, Inc. to Report Q3, 2023 Results on Nov 07, 2023Safe Bulkers, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023Upcoming Dividend • Aug 10Upcoming dividend of US$0.05 per share at 6.0% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%).New Risk • Jul 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 35% Last year net profit margin: 56% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (35% net profit margin).お知らせ • Jul 27Safe Bulkers, Inc. Declares Cash Dividend, Payable on September 1, 2023On July 26, 2023, the Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on September 1, 2023 to the shareholders of record of the Company's common stock at the closing of trading on August 18, 2023.Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: US$0.14 (vs US$0.40 in 2Q 2022)Second quarter 2023 results: EPS: US$0.14 (down from US$0.40 in 2Q 2022). Revenue: US$70.6m (down 23% from 2Q 2022). Net income: US$15.4m (down 68% from 2Q 2022). Profit margin: 22% (down from 53% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 9.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 24Safe Bulkers, Inc. to Report Q2, 2023 Results on Jul 26, 2023Safe Bulkers, Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023お知らせ • Jun 27Safe Bulkers, Inc., Annual General Meeting, Sep 07, 2023Safe Bulkers, Inc., Annual General Meeting, Sep 07, 2023, at 16:00 Central European Standard Time. Location: 12 Avenue des Spélugues, Monte Carlo, 98000 Monaco Monte Carlo Monaco Agenda: Annual Meeting of Stockholders.Upcoming Dividend • May 18Upcoming dividend of US$0.05 per share at 5.5% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (18%).Reported Earnings • May 11First quarter 2023 earnings released: EPS: US$0.15 (vs US$0.28 in 1Q 2022)First quarter 2023 results: EPS: US$0.15 (down from US$0.28 in 1Q 2022). Revenue: US$66.8m (down 14% from 1Q 2022). Net income: US$17.3m (down 49% from 1Q 2022). Profit margin: 26% (down from 43% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.お知らせ • May 11Safe Bulkers, Inc. Declares Cash Dividend on Common Stock, Payable on June 7, 2023Safe Bulkers, Inc. announced on May 10, 2023, the Board of Directors of the Company declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on June 7, 2023 to the shareholders of record of the Company's common stock at the closing of trading on May 26, 2023.お知らせ • May 06Safe Bulkers, Inc. to Report Q1, 2023 Results on May 10, 2023Safe Bulkers, Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 10, 2023Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €3.43, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 204% over the past three years.Upcoming Dividend • Feb 21Upcoming dividend of US$0.05 per share at 6.2% yieldEligible shareholders must have bought the stock before 28 February 2023. Payment date: 17 March 2023. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (14%).Reported Earnings • Feb 15Full year 2022 earnings released: EPS: US$1.36 (vs US$1.44 in FY 2021)Full year 2022 results: EPS: US$1.36. Revenue: US$349.7m (up 6.3% from FY 2021). Net income: US$163.6m (flat on FY 2021). Profit margin: 47% (down from 50% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 1.3% p.a. on average during the next 2 years compared to a 11% decline forecast for the Shipping industry in Europe.お知らせ • Feb 15Safe Bulkers, Inc. Reports Fourth Quarter Dividend, Payable on March 17, 2023On February 14, 2023, the Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on March 17, 2023 to the shareholders of record of the Company's common stock at the closing of trading on March 1, 2023. As of February 10, 2023, the Company had 118,878,626 shares of common stock issued and outstanding.お知らせ • Feb 10Safe Bulkers, Inc. to Report Q4, 2022 Results on Feb 14, 2023Safe Bulkers, Inc. announced that they will report Q4, 2022 results After-Market on Feb 14, 2023Upcoming Dividend • Nov 18Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 25 November 2022. Payment date: 15 December 2022. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (12%).Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chris Megalou was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: US$0.41 (vs US$0.44 in 3Q 2021)Third quarter 2022 results: EPS: US$0.41 (down from US$0.44 in 3Q 2021). Revenue: US$93.7m (up 1.3% from 3Q 2021). Net income: US$49.0m (down 6.9% from 3Q 2021). Profit margin: 52% (down from 57% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Aug 12Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 01 September 2022. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.5%). Lower than average of industry peers (9.1%).Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: US$0.40 (vs US$0.27 in 2Q 2021)Second quarter 2022 results: EPS: US$0.40 (up from US$0.27 in 2Q 2021). Revenue: US$91.6m (up 12% from 2Q 2021). Net income: US$48.1m (up 62% from 2Q 2021). Profit margin: 53% (up from 36% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is expected to shrink by 1.9% compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €3.87, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 224% over the past three years.Upcoming Dividend • May 31Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 07 June 2022. Payment date: 15 June 2022. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (8.7%).Reported Earnings • May 27First quarter 2022 earnings released: EPS: US$0.28 (vs US$0.18 in 1Q 2021)First quarter 2022 results: EPS: US$0.28 (up from US$0.18 in 1Q 2021). Revenue: US$77.7m (up 24% from 1Q 2021). Net income: US$33.6m (up 79% from 1Q 2021). Profit margin: 43% (up from 30% in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 5.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chris Megalou was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €3.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 178% over the past three years.Reported Earnings • Mar 11Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$1.44 (up from US$0.25 loss in FY 2020). Revenue: US$329.0m (up 66% from FY 2020). Net income: US$163.6m (up US$188.9m from FY 2020). Profit margin: 50% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 26Now 23% undervaluedOver the last 90 days, the stock is up 19%. The fair value is estimated to be US$4.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. The company has become profitable over the last year.Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to €3.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.95 per share.Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 22% share price gain to €3.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 114% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.90 per share.Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS US$0.44 (vs US$0.001 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$92.5m (up 78% from 3Q 2020). Net income: US$52.6m (up US$52.6m from 3Q 2020). Profit margin: 57% (up from 0.1% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS US$0.44 (vs US$0.001 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$92.5m (up 78% from 3Q 2020). Net income: US$52.6m (up US$52.6m from 3Q 2020). Profit margin: 57% (up from 0.1% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 21% share price gain to €3.98, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.56 per share.Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to €3.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.59 per share.Reported Earnings • Jul 29Second quarter 2021 earnings released: EPS US$0.27 (vs US$0.16 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$81.6m (up 69% from 2Q 2020). Net income: US$29.7m (up US$46.5m from 2Q 2020). Profit margin: 36% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to US$3.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Shipping industry in Europe. Total returns to shareholders of 11% over the past three years.Reported Earnings • May 06First quarter 2021 earnings released: EPS US$0.18 (vs US$0.13 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$62.5m (up 37% from 1Q 2020). Net income: US$18.8m (up US$31.7m from 1Q 2020). Profit margin: 30% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 02Full year 2020 earnings released: US$0.25 loss per share (vs US$0.043 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$198.2m (flat on FY 2019). Net loss: US$25.3m (down US$29.7m from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 18Full year 2020 earnings released: US$0.25 loss per share (vs US$0.043 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$198.2m (flat on FY 2019). Net loss: US$25.3m (down US$29.7m from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 18Revenue beats expectationsRevenue exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 17%, compared to a 14% growth forecast for the Shipping industry in Germany.Is New 90 Day High Low • Feb 03New 90-day high: €1.57The company is up 112% from its price of €0.74 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.73 per share.Is New 90 Day High Low • Jan 14New 90-day high: €1.54The company is up 86% from its price of €0.83 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.67 per share.Is New 90 Day High Low • Dec 28New 90-day high: €1.00The company is up 17% from its price of €0.85 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.13 per share.Is New 90 Day High Low • Dec 01New 90-day high: €0.95The company is up 9.0% from its price of €0.88 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.09 per share.Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS US$0.001The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$51.9m (up 2.4% from 3Q 2019). Net income: US$75.0k (down 97% from 3Q 2019). Profit margin: 0.1% (down from 4.7% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Oct 19New 90-day low: €0.81The company is down 18% from its price of €1.00 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.67 per share.業績と収益の成長予測DB:SBL - アナリストの将来予測と過去の財務データ ( )USD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20282945588130112/31/20272834663120112/31/20263078293168112/31/20252763160102N/A9/30/202527538-4699N/A6/30/202527845-42103N/A3/31/202529071-20124N/A12/31/202430889-14130N/A9/30/202431898-69140N/A6/30/202430788-72137N/A3/31/202429975-84125N/A12/31/202328469-87122N/A9/30/202328977-44139N/A6/30/2023318113-29155N/A3/31/20233391477190N/A12/31/202235016435218N/A9/30/2022356193116225N/A6/30/2022354197147256N/A3/31/2022344178130239N/A12/31/2021329164108217N/A9/30/202128910587183N/A6/30/20212485375129N/A3/31/2021215649100N/A12/31/2020198-251363N/A9/30/2020199-29-2653N/A6/30/2020198-27-755N/A3/31/2020195-111251N/A12/31/201919841958N/A9/30/201919710N/A67N/A6/30/201919613N/A66N/A3/31/201919816N/A75N/A12/31/201819316N/A85N/A9/30/2018183-80N/A74N/A6/30/2018170-81N/A67N/A3/31/2018158-89N/A60N/A12/31/2017148-99N/A50N/A9/30/2017137-18N/A42N/A6/30/2017127-50N/A41N/A3/31/2017118-55N/A25N/A12/31/2016110-70N/A13N/A9/30/2016108-95N/A12N/A6/30/2016114-78N/A16N/A3/31/2016120-74N/AN/AN/A12/31/2015127-62N/A26N/A9/30/2015136-32N/AN/AN/A6/30/2015139-23N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SBLの予測収益成長率 (年間6.7% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: SBLの収益 ( 6.7% ) German市場 ( 17.1% ) よりも低い成長が予測されています。高成長収益: SBLの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: SBLの収益 ( 1.1% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: SBLの収益 ( 1.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SBLの 自己資本利益率 は、3年後には低くなると予測されています ( 5.9 %)。成長企業の発掘7D1Y7D1Y7D1YTransportation 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 15:28終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Safe Bulkers, Inc. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関Kenneth HoexterBofA Global ResearchNoah ParquetteCanaccord GenuityNatasha BoydenCantor Fitzgerald & Co.9 その他のアナリストを表示
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Jeffrey Bunzel was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 17Safe Bulkers, Inc Announces Board and Committees AppointmentsSafe Bulkers, Inc. announced that on the recommendation of the Corporate Governance, Nominating and Compensation Committee, the Board of Directors of the Company (the “Board”) voted to expand the size of the Board from nine to eleven directors and to appoint Jeffrey Bunzel and Vassilis Hajioannou to fill the new positions, with immediate effect. The Board has determined that Mr. Bunzel is independent for the purposes of NYSE independence standards and has appointed Mr. Bunzel to serve on the Corporate Governance, Nominating and Compensation Committee, the Environmental, Social and Corporate Governance Committee and the Audit Committee. Mr. Jeffrey Bunzel brings more than thirty years' experience in Investment, Banking and Capital Markets. He has been Managing Director, Head of Equity Capital Markets at Deutsche Bank AG for 14 years. Before, from 1994-2012 he had been Managing Director at Credit Suisse. Mr. Bunzel holds a bachelor’s degree from the University of California, Berkeley and a Master of Arts from the Fletcher School of Law and Diplomacy. He is a member of the Council on Foreign Relations. Mr. Vasilis Hajioannou, with experience in Operations and Chartering departments combines technical knowledge with operational oversight. Mr. Hajioannou holds a bachelor’s degree in marine engineering and a master’s degree in shipping and logistics from Newcastle University, UK.
お知らせ • Feb 19Safe Bulkers, Inc. Declares Cash Dividend, Payable on March 18, 2026On February 18, 2026, the Board of Safe Bulkers, Inc. declared a cash dividend on the company’s common stock of $0.05 per share which is payable on March 18, 2026, to the shareholders of record of the company’s common stock at the close of trading on March 2, 2026.
お知らせ • Feb 09Safe Bulkers, Inc. to Report Q4, 2025 Results on Feb 18, 2026Safe Bulkers, Inc. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026
お知らせ • Nov 26Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on December 19, 2025On November 25, 2025, the Board of Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on December 19, 2025, to the shareholders of record of the Company’s common stock at the close of trading on December 8, 2025. As of November 21, 2025, the Company had 102,328,395 shares of common stock issued and outstanding.
お知らせ • Nov 20Safe Bulkers, Inc. to Report Q3, 2025 Results on Nov 25, 2025Safe Bulkers, Inc. announced that they will report Q3, 2025 results After-Market on Nov 25, 2025
お知らせ • Jul 30Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on September 5, 2025On July 29, 2025, the Board of the Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on September 5, 2025, to the shareholders of record of the Company’s common stock at the close of trading on August 21, 2025.
お知らせ • Jul 23Safe Bulkers, Inc. to Report Q2, 2025 Results on Jul 29, 2025Safe Bulkers, Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2025
お知らせ • Jun 28Safe Bulkers, Inc., Annual General Meeting, Sep 16, 2025Safe Bulkers, Inc., Annual General Meeting, Sep 16, 2025, at 15:00 Romance Standard Time. Location: hotel hermitage monte-carlo, square beaumarchais, monte-carlo, 98000, Monaco
お知らせ • May 14Safe Bulkers, Inc. to Report Q1, 2025 Results on May 19, 2025Safe Bulkers, Inc. announced that they will report Q1, 2025 results After-Market on May 19, 2025
お知らせ • Feb 19Safe Bulkers, Inc. Declares Cash Dividend on Common Stock, Payable on March 21, 2025On February 18, 2025, the Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on March 21, 2025, to the shareholders of record of the Company’s common stock at the close of trading on March 3, 2025.
お知らせ • Feb 12Safe Bulkers, Inc. to Report Q4, 2024 Results on Feb 18, 2025Safe Bulkers, Inc. announced that they will report Q4, 2024 results After-Market on Feb 18, 2025
Reported Earnings • Nov 14Third quarter 2024 earnings released: EPS: US$0.22 (vs US$0.12 in 3Q 2023)Third quarter 2024 results: EPS: US$0.22 (up from US$0.12 in 3Q 2023). Revenue: US$75.9m (up 17% from 3Q 2023). Net income: US$23.1m (up 77% from 3Q 2023). Profit margin: 31% (up from 20% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
お知らせ • Nov 14Safe Bulkers, Inc. Declares Cash Dividend, Payable on December 17, 2024Safe Bulkers, Inc. on November 13, 2024, the Board of Directors of the Company declared a cash dividend on the Company's common stock of $0.05 per share which is payable on December 17, 2024, to the shareholders of record of the Company's common stock at the close of trading on December 2, 2024.
お知らせ • Nov 08Safe Bulkers, Inc. to Report Q3, 2024 Results on Nov 13, 2024Safe Bulkers, Inc. announced that they will report Q3, 2024 results After-Market on Nov 13, 2024
お知らせ • Sep 13Safe Bulkers, Inc. Announces Director ChangesSafe Bulkers, Inc. at its AGM held on September 13, 2024 announced the election of three Class I directors. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their respective successors have been duly elected and qualified.
Declared Dividend • Aug 05Second quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 21st August 2024 Payment date: 5th September 2024 Dividend yield will be 4.3%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 30Second quarter 2024 earnings released: EPS: US$0.24 (vs US$0.12 in 2Q 2023)Second quarter 2024 results: EPS: US$0.24 (up from US$0.12 in 2Q 2023). Revenue: US$78.5m (up 11% from 2Q 2023). Net income: US$25.6m (up 91% from 2Q 2023). Profit margin: 33% (up from 19% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
お知らせ • Jul 30Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on September 5, 2024Safe Bulkers, Inc. declared a cash dividend of $0.05 per share of outstanding common stock which is payable on September 5, 2024, to the shareholders of record of the Company's common stock at the close of trading on August 21, 2024. As of July 19, 2024, the Company had 106,770,420 shares of common stock issued and outstanding.
お知らせ • Jul 22Safe Bulkers, Inc. to Report Q2, 2024 Results on Jul 29, 2024Safe Bulkers, Inc. announced that they will report Q2, 2024 results After-Market on Jul 29, 2024
お知らせ • Jun 28Safe Bulkers, Inc., Annual General Meeting, Sep 12, 2024Safe Bulkers, Inc., Annual General Meeting, Sep 12, 2024, at 14:00 Romance Standard Time. Location: fairmont hotel, 12 avenue des spelugues, 98000 monaco, monte carlo Monaco
Declared Dividend • May 06First quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 16th May 2024 Payment date: 30th May 2024 Dividend yield will be 3.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: US$0.23 (vs US$0.15 in 1Q 2023)First quarter 2024 results: EPS: US$0.23 (up from US$0.15 in 1Q 2023). Revenue: US$81.7m (up 22% from 1Q 2023). Net income: US$25.3m (up 46% from 1Q 2023). Profit margin: 31% (up from 26% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 26Safe Bulkers, Inc. to Report Q1, 2024 Results on Apr 29, 2024Safe Bulkers, Inc. announced that they will report Q1, 2024 results After-Market on Apr 29, 2024
Reported Earnings • Mar 02Full year 2023 earnings released: EPS: US$0.61 (vs US$1.36 in FY 2022)Full year 2023 results: EPS: US$0.61 (down from US$1.36 in FY 2022). Revenue: US$284.4m (down 19% from FY 2022). Net income: US$69.4m (down 58% from FY 2022). Profit margin: 24% (down from 47% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year.
Upcoming Dividend • Feb 22Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 29 February 2024. Payment date: 19 March 2024. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (16%).
Declared Dividend • Feb 19Fourth quarter dividend of US$0.05 announcedShareholders will receive a dividend of US$0.05. Ex-date: 29th February 2024 Payment date: 19th March 2024 Dividend yield will be 4.9%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 13Full year 2023 earnings released: EPS: US$0.61 (vs US$1.36 in FY 2022)Full year 2023 results: EPS: US$0.61 (down from US$1.36 in FY 2022). Revenue: US$284.4m (down 19% from FY 2022). Net income: US$69.4m (down 58% from FY 2022). Profit margin: 24% (down from 47% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 13Safe Bulkers, Inc. Declares Cash Dividend, Payable on March 19, 2024On February 12, 2024, the Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company's common stock of $0.05 per share which is payable on March 19, 2024 to the shareholders of record of the Company's common stock at the closing of trading on March 1, 2024.
お知らせ • Feb 07Safe Bulkers, Inc. to Report Q4, 2023 Results on Feb 12, 2024Safe Bulkers, Inc. announced that they will report Q4, 2023 results After-Market on Feb 12, 2024
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €3.85, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 378% over the past three years.
お知らせ • Nov 24Safe Bulkers, Inc. Announces the Formation of A Board of Directors Committee on Environmental, Social and GovernanceSafe Bulkers, Inc. announced that it has formed a new Board of Directors committee on Environmental, Social and Governance. The ESG Committee shall support the Company's overall ESG strategic direction, providing the executive management and the Board of Directors with ESG insights on significant trends. The ESG Committee consists of six Board members, four of whom are independent directors. The President of the Company has been assigned to lead the management team on ESG matters and report to the ESG Committee. The ESG Committee shall review the Company's ESG performance and ensure governance oversight by the Board of Directors of the ESG strategy and implementation, consistent with the priorities outlined in the Company's sustainability report. Loukas Barmparis, is the President of the company.
Upcoming Dividend • Nov 17Upcoming dividend of US$0.05 per share at 5.6% yieldEligible shareholders must have bought the stock before 24 November 2023. Payment date: 14 December 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 5.6%. Within top quartile of German dividend payers (5.0%). Lower than average of industry peers (21%).
お知らせ • Nov 08Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on December 14, 2023The Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company's common stock of $0.05 per share which is payable on December 14, 2023 to the shareholders of record of the Company's common stock at the closing of trading on November 27, 2023.
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: US$0.12 (vs US$0.41 in 3Q 2022)Third quarter 2023 results: EPS: US$0.12 (down from US$0.41 in 3Q 2022). Revenue: US$64.7m (down 31% from 3Q 2022). Net income: US$13.0m (down 73% from 3Q 2022). Profit margin: 20% (down from 52% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 03Safe Bulkers, Inc. to Report Q3, 2023 Results on Nov 07, 2023Safe Bulkers, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023
Upcoming Dividend • Aug 10Upcoming dividend of US$0.05 per share at 6.0% yieldEligible shareholders must have bought the stock before 17 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%).
New Risk • Jul 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 35% Last year net profit margin: 56% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (35% net profit margin).
お知らせ • Jul 27Safe Bulkers, Inc. Declares Cash Dividend, Payable on September 1, 2023On July 26, 2023, the Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on September 1, 2023 to the shareholders of record of the Company's common stock at the closing of trading on August 18, 2023.
Reported Earnings • Jul 27Second quarter 2023 earnings released: EPS: US$0.14 (vs US$0.40 in 2Q 2022)Second quarter 2023 results: EPS: US$0.14 (down from US$0.40 in 2Q 2022). Revenue: US$70.6m (down 23% from 2Q 2022). Net income: US$15.4m (down 68% from 2Q 2022). Profit margin: 22% (down from 53% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 9.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 24Safe Bulkers, Inc. to Report Q2, 2023 Results on Jul 26, 2023Safe Bulkers, Inc. announced that they will report Q2, 2023 results After-Market on Jul 26, 2023
お知らせ • Jun 27Safe Bulkers, Inc., Annual General Meeting, Sep 07, 2023Safe Bulkers, Inc., Annual General Meeting, Sep 07, 2023, at 16:00 Central European Standard Time. Location: 12 Avenue des Spélugues, Monte Carlo, 98000 Monaco Monte Carlo Monaco Agenda: Annual Meeting of Stockholders.
Upcoming Dividend • May 18Upcoming dividend of US$0.05 per share at 5.5% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (18%).
Reported Earnings • May 11First quarter 2023 earnings released: EPS: US$0.15 (vs US$0.28 in 1Q 2022)First quarter 2023 results: EPS: US$0.15 (down from US$0.28 in 1Q 2022). Revenue: US$66.8m (down 14% from 1Q 2022). Net income: US$17.3m (down 49% from 1Q 2022). Profit margin: 26% (down from 43% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.5% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11Safe Bulkers, Inc. Declares Cash Dividend on Common Stock, Payable on June 7, 2023Safe Bulkers, Inc. announced on May 10, 2023, the Board of Directors of the Company declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on June 7, 2023 to the shareholders of record of the Company's common stock at the closing of trading on May 26, 2023.
お知らせ • May 06Safe Bulkers, Inc. to Report Q1, 2023 Results on May 10, 2023Safe Bulkers, Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 10, 2023
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €3.43, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 204% over the past three years.
Upcoming Dividend • Feb 21Upcoming dividend of US$0.05 per share at 6.2% yieldEligible shareholders must have bought the stock before 28 February 2023. Payment date: 17 March 2023. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (14%).
Reported Earnings • Feb 15Full year 2022 earnings released: EPS: US$1.36 (vs US$1.44 in FY 2021)Full year 2022 results: EPS: US$1.36. Revenue: US$349.7m (up 6.3% from FY 2021). Net income: US$163.6m (flat on FY 2021). Profit margin: 47% (down from 50% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 1.3% p.a. on average during the next 2 years compared to a 11% decline forecast for the Shipping industry in Europe.
お知らせ • Feb 15Safe Bulkers, Inc. Reports Fourth Quarter Dividend, Payable on March 17, 2023On February 14, 2023, the Board of Directors of Safe Bulkers, Inc. declared a cash dividend on the Company’s common stock of $0.05 per share which is payable on March 17, 2023 to the shareholders of record of the Company's common stock at the closing of trading on March 1, 2023. As of February 10, 2023, the Company had 118,878,626 shares of common stock issued and outstanding.
お知らせ • Feb 10Safe Bulkers, Inc. to Report Q4, 2022 Results on Feb 14, 2023Safe Bulkers, Inc. announced that they will report Q4, 2022 results After-Market on Feb 14, 2023
Upcoming Dividend • Nov 18Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 25 November 2022. Payment date: 15 December 2022. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (12%).
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chris Megalou was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: US$0.41 (vs US$0.44 in 3Q 2021)Third quarter 2022 results: EPS: US$0.41 (down from US$0.44 in 3Q 2021). Revenue: US$93.7m (up 1.3% from 3Q 2021). Net income: US$49.0m (down 6.9% from 3Q 2021). Profit margin: 52% (down from 57% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Aug 12Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 01 September 2022. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.5%). Lower than average of industry peers (9.1%).
Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: US$0.40 (vs US$0.27 in 2Q 2021)Second quarter 2022 results: EPS: US$0.40 (up from US$0.27 in 2Q 2021). Revenue: US$91.6m (up 12% from 2Q 2021). Net income: US$48.1m (up 62% from 2Q 2021). Profit margin: 53% (up from 36% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is expected to shrink by 1.9% compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €3.87, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 224% over the past three years.
Upcoming Dividend • May 31Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 07 June 2022. Payment date: 15 June 2022. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (8.7%).
Reported Earnings • May 27First quarter 2022 earnings released: EPS: US$0.28 (vs US$0.18 in 1Q 2021)First quarter 2022 results: EPS: US$0.28 (up from US$0.18 in 1Q 2021). Revenue: US$77.7m (up 24% from 1Q 2021). Net income: US$33.6m (up 79% from 1Q 2021). Profit margin: 43% (up from 30% in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 5.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chris Megalou was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €3.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 178% over the past three years.
Reported Earnings • Mar 11Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: US$1.44 (up from US$0.25 loss in FY 2020). Revenue: US$329.0m (up 66% from FY 2020). Net income: US$163.6m (up US$188.9m from FY 2020). Profit margin: 50% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 26Now 23% undervaluedOver the last 90 days, the stock is up 19%. The fair value is estimated to be US$4.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% per annum over the last 3 years. The company has become profitable over the last year.
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to €3.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.95 per share.
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improved over the past weekAfter last week's 22% share price gain to €3.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 114% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.90 per share.
Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS US$0.44 (vs US$0.001 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$92.5m (up 78% from 3Q 2020). Net income: US$52.6m (up US$52.6m from 3Q 2020). Profit margin: 57% (up from 0.1% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 04Third quarter 2021 earnings released: EPS US$0.44 (vs US$0.001 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$92.5m (up 78% from 3Q 2020). Net income: US$52.6m (up US$52.6m from 3Q 2020). Profit margin: 57% (up from 0.1% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 14Investor sentiment improved over the past weekAfter last week's 21% share price gain to €3.98, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.56 per share.
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to €3.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.59 per share.
Reported Earnings • Jul 29Second quarter 2021 earnings released: EPS US$0.27 (vs US$0.16 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$81.6m (up 69% from 2Q 2020). Net income: US$29.7m (up US$46.5m from 2Q 2020). Profit margin: 36% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to US$3.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Shipping industry in Europe. Total returns to shareholders of 11% over the past three years.
Reported Earnings • May 06First quarter 2021 earnings released: EPS US$0.18 (vs US$0.13 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$62.5m (up 37% from 1Q 2020). Net income: US$18.8m (up US$31.7m from 1Q 2020). Profit margin: 30% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 02Full year 2020 earnings released: US$0.25 loss per share (vs US$0.043 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$198.2m (flat on FY 2019). Net loss: US$25.3m (down US$29.7m from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 18Full year 2020 earnings released: US$0.25 loss per share (vs US$0.043 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: US$198.2m (flat on FY 2019). Net loss: US$25.3m (down US$29.7m from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 18Revenue beats expectationsRevenue exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 17%, compared to a 14% growth forecast for the Shipping industry in Germany.
Is New 90 Day High Low • Feb 03New 90-day high: €1.57The company is up 112% from its price of €0.74 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.73 per share.
Is New 90 Day High Low • Jan 14New 90-day high: €1.54The company is up 86% from its price of €0.83 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 33% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.67 per share.
Is New 90 Day High Low • Dec 28New 90-day high: €1.00The company is up 17% from its price of €0.85 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.13 per share.
Is New 90 Day High Low • Dec 01New 90-day high: €0.95The company is up 9.0% from its price of €0.88 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.09 per share.
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS US$0.001The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$51.9m (up 2.4% from 3Q 2019). Net income: US$75.0k (down 97% from 3Q 2019). Profit margin: 0.1% (down from 4.7% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Oct 19New 90-day low: €0.81The company is down 18% from its price of €1.00 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.67 per share.