Safe Bulkers
Market Cap
US$186.0m
Last Updated
2021/01/17 00:24 UTC
Data Sources
Company Financials +
Executive Summary
Safe Bulkers, Inc. provides marine drybulk transportation services. More Details
Rewards
Risk Analysis
No risks detected for SB from our risk checks.
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has Safe Bulkers's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: SB's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
4.6%
SB
2.4%
US Shipping
-1.0%
US Market
1 Year Return
13.8%
SB
-14.5%
US Shipping
19.6%
US Market
Return vs Industry: SB exceeded the US Shipping industry which returned -14.3% over the past year.
Return vs Market: SB underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| SB | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.6% | 2.4% | -1.0% |
| 30 Day | 56.9% | 14.8% | 2.2% |
| 90 Day | 80.2% | 37.9% | 11.5% |
| 1 Year | 13.8%13.8% | -12.9%-14.5% | 22.3%19.6% |
| 3 Year | -49.3%-49.3% | 3.0%-4.4% | 45.3%35.7% |
| 5 Year | 325.8%325.8% | 0.3%-14.0% | 124.8%99.8% |
Long-Term 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
How Much Of Safe Bulkers, Inc. (NYSE:SB) Do Insiders Own?1 month ago | Simply Wall St
What Can The Trends At Safe Bulkers (NYSE:SB) Tell Us About Their Returns?2 months ago | Simply Wall St
Does Safe Bulkers (NYSE:SB) Have A Healthy Balance Sheet?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
Below Fair Value: SB ($1.82) is trading below our estimate of fair value ($7.44)
Significantly Below Fair Value: SB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SB is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.
PE vs Market: SB is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SB's PEG Ratio to determine if it is good value.
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?
12.7%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if SB's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if SB's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SB's revenue (12.7% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: SB's revenue (12.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SB's Return on Equity is forecast to be low in 3 years time (10.7%).
Next Steps
Past Performance
How has Safe Bulkers performed over the past 5 years?
30.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SB is currently unprofitable.
Growing Profit Margin: SB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SB is unprofitable, but has reduced losses over the past 5 years at a rate of 30.9% per year.
Accelerating Growth: Unable to compare SB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SB is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (8.9%).
Return on Equity
High ROE: SB has a negative Return on Equity (-3.7%), as it is currently unprofitable.
Next Steps
Financial Health
How is Safe Bulkers's financial position?
Financial Position Analysis
Short Term Liabilities: SB's short term assets ($111.8M) exceed its short term liabilities ($89.2M).
Long Term Liabilities: SB's short term assets ($111.8M) do not cover its long term liabilities ($545.8M).
Debt to Equity History and Analysis
Debt Level: SB's debt to equity ratio (132.9%) is considered high.
Reducing Debt: SB's debt to equity ratio has increased from 94.5% to 132.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable SB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 71.9% per year.
Next Steps
Dividend
What is Safe Bulkers's current dividend yield, its reliability and sustainability?
7.12%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
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
How experienced are the management team and are they aligned to shareholders interests?
13.0yrs
Average management tenure
CEO
Polys Hajioannou (53 yo)
13yrs
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...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 13yrs | no data | 28.34% $ 52.7m | |
| President | 13yrs | no data | no data | |
| CFO & Director | 13yrs | no data | no data | |
| COO & Director | 11.92yrs | no data | no data |
13.0yrs
Average Tenure
57yo
Average Age
Experienced Management: SB's management team is seasoned and experienced (13 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 13yrs | no data | 28.34% $ 52.7m | |
| President | 13yrs | no data | no data | |
| CFO & Director | 13yrs | no data | no data | |
| COO & Director | 11.92yrs | no data | no data | |
| Independent Director | 9.58yrs | no data | no data | |
| Independent Director | 13yrs | no data | no data | |
| Independent Director | 4.33yrs | no data | no data |
12.7yrs
Average Tenure
61yo
Average Age
Experienced Board: SB's board of directors are seasoned and experienced ( 12.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$185.958m
- Shares outstanding: 102.17m
- 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. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 13, 2020, the company...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/17 00:24 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.