Safe Bulkers
Market Cap
US$185.3m
Last Updated
2019/10/19 00:07 UTC
Data Sources
Company Financials +
Executive Summary
Safe Bulkers, Inc. provides marine drybulk transportation services worldwide.
Snowflake
Fundamentals
Very undervalued with reasonable growth potential.
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Share Price & News
How has Safe Bulkers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-4.7%
SB
1.5%
US Shipping
1.8%
US Market
1 Year Return
-28.0%
SB
-0.4%
US Shipping
7.3%
US Market
Return vs Industry: SB underperformed the US Shipping industry which returned -0.4% over the past year.
Return vs Market: SB underperformed the US Market which returned 7.3% over the past year.
Shareholder returns
| SB | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.7% | 1.5% | 1.8% |
| 30 Day | -8.5% | -0.3% | -0.7% |
| 90 Day | -19.0% | 5.1% | 0.06% |
| 1 Year | -28.0%-28.0% | 1.4%-0.4% | 9.7%7.3% |
| 3 Year | 32.6%32.6% | 21.2%12.9% | 46.3%36.9% |
| 5 Year | -65.9%-66.5% | -59.9%-62.9% | 64.5%46.5% |
Price Volatility Vs. Market
How volatile is Safe Bulkers's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Safe Bulkers, Inc. (NYSE:SB) Better Than Average At Deploying Capital?1 month ago | Simply Wall St
What Does Safe Bulkers, Inc.'s (NYSE:SB) Share Price Indicate?1 month ago | Simply Wall St
What Kind Of Shareholder Appears On The Safe Bulkers, Inc.'s (NYSE:SB) Shareholder Register?Valuation
Is Safe Bulkers undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: SB ($1.83) is trading below our estimate of fair value ($15.89)
Significantly Undervalued: SB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SB is good value based on its PE Ratio (14.2x) compared to the Shipping industry average (26.2x).
PE vs Market: SB is good value based on its PE Ratio (14.2x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: SB is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: SB is good value based on its PB Ratio (0.4x) compared to the US Shipping industry average (0.6x).
Next Steps
Future Growth
How is Safe Bulkers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
71.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SB's forecast earnings growth (71.7% per year) is above the savings rate (2.7%).
Earnings vs Market: SB's earnings (71.7% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SB's revenue (10.2% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: SB's revenue (10.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SB's Return on Equity is forecast to be low in 3 years time (10.4%).
Next Steps
Past Performance
How has Safe Bulkers performed over the past 5 years?
-15.2%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SB's earnings have declined by -15.2% per year over the past 5 years.
Accelerating Growth: SB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Shipping industry (-62.3%).
Return on Equity
High ROE: SB's Return on Equity (5.2%) is considered low.
Return on Assets
ROA vs Industry: SB has a higher Return on Assets than the Shipping industry average last year.
Return on Capital Employed
ROCE Improving: SB's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Safe Bulkers's financial position?
Financial Position Analysis
Short Term Liabilities: SB's short term assets ($104.5M) exceeds its short term liabilities ($62.3M)
Long Term Liabilities: SB's short term assets (104.5M) do not cover its long term liabilities (523.2M)
Debt to Equity History and Analysis
Debt Level: SB's debt to equity ratio (113.3%) is considered high
Reducing Debt: SB's debt to equity ratio has increased from 73.3% to 113.3% over the past 5 years.
Debt Coverage: SB's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: SB's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Inventory Level: SB has a high level of physical assets or inventory.
Debt Coverage by Assets: SB's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Safe Bulkers's current dividend yield, its reliability and sustainability?
3.82%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate SB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if SB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SB is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SB's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Safe Bulkers's salary, the management and board of directors tenure and is there insider trading?
11.8yrs
Average management tenure
CEO
Polys Hajioannou (52yo)
11.8yrs
Tenure
Mr. Polys Hajioannou has been the Chairman and Chief Executive Officer of Safe Bulkers, Inc. since 2008. Mr. Hajioannou serves at Safety Management Overseas S.A. He also serves at Alassia Steamship Co., Lt ...
Management Age and Tenure
11.8yrs
Average Tenure
56yo
Average Age
Experienced Management: SB's management team is seasoned and experienced (11.8 years average tenure).
Board Age and Tenure
11.4yrs
Average Tenure
60yo
Average Age
Experienced Board: SB's board of directors are seasoned and experienced ( 11.4 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Polys Hajioannou (52yo)
Chairman & CEO
- Tenure: 11.8yrs
Konstantinos Adamopoulos (56yo)
CFO & Director
- Tenure: 11.8yrs
Loukas Barmparis (56yo)
President
- Tenure: 11.8yrs
John Foteinos (60yo)
COO & Director
- Tenure: 10.7yrs
Board Members
Frank Sica (68yo)
Director
- Tenure: 8.3yrs
Polys Hajioannou (52yo)
Chairman & CEO
- Tenure: 11.8yrs
Konstantinos Adamopoulos (56yo)
CFO & Director
- Tenure: 11.8yrs
Ole Wikborg (63yo)
Director
- Tenure: 11.8yrs
Loukas Barmparis (56yo)
President
- Tenure: 11.8yrs
John Foteinos (60yo)
COO & Director
- Tenure: 10.7yrs
Chris Megalou (60yo)
Director
- Tenure: 3.1yrs
Company Information
Safe Bulkers, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Safe Bulkers, Inc.
- Ticker: SB
- Exchange: NYSE
- Founded: 2007
- Industry: Marine
- Sector: Transportation
- Market Cap: US$185.326m
- Shares outstanding: 101.27m
- Website: https://www.safebulkers.com
Number of Employees
Location
- Safe Bulkers, Inc.
- Les Acanthes
- Apartment D11
- Monaco
- 98000
- Monaco
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SB | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 2008 |
| SBL | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2008 |
| SB.PRC | NYSE (New York Stock Exchange) | RED PERP PFD C% | US | USD | May 2014 | |
| SB.PRD | NYSE (New York Stock Exchange) | PERP PFD SER D | US | USD | Jun 2014 |
Biography
Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 14, 2019 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 00:07 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.