SB Stock Overview
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services.
Safe Bulkers Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$3.81|
|52 Week High||US$5.44|
|52 Week Low||US$3.02|
|1 Month Change||17.59%|
|3 Month Change||-5.46%|
|1 Year Change||10.44%|
|3 Year Change||108.20%|
|5 Year Change||34.63%|
|Change since IPO||-79.84%|
Recent News & Updates
|SB||US Shipping||US Market|
Return vs Industry: SB underperformed the US Shipping industry which returned 13.8% over the past year.
Return vs Market: SB exceeded the US Market which returned -11.7% over the past year.
|SB Average Weekly Movement||7.2%|
|Shipping Industry Average Movement||8.4%|
|Market Average Movement||7.7%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: SB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: SB's weekly volatility (7%) has been stable over the past year.
About the Company
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons.
Safe Bulkers Fundamentals Summary
|SB fundamental statistics|
Is SB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SB income statement (TTM)|
|Cost of Revenue||US$81.44m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.63|
|Net Profit Margin||55.55%|
How did SB perform over the long term?See historical performance and comparison
5.2%Current Dividend Yield
Does SB pay a reliable dividends?See SB dividend history and benchmarks
|Safe Bulkers dividend dates|
|Ex Dividend Date||Aug 19 2022|
|Dividend Pay Date||Sep 01 2022|
|Days until Ex dividend||5 days|
|Days until Dividend pay date||18 days|
Does SB pay a reliable dividends?See SB dividend history and benchmarks
Is SB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SB?
Other financial metrics that can be useful for relative valuation.
|What is SB's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SB's PE Ratio compare to its peers?
|SB PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
GRIN Grindrod Shipping Holdings
GSL Global Ship Lease
DSX Diana Shipping
GNK Genco Shipping & Trading
SB Safe Bulkers
Price-To-Earnings vs Peers: SB is good value based on its Price-To-Earnings Ratio (2.3x) compared to the peer average (3.1x).
Price to Earnings Ratio vs Industry
How does SB's PE Ratio compare vs other companies in the US Shipping Industry?
Price-To-Earnings vs Industry: SB is good value based on its Price-To-Earnings Ratio (2.3x) compared to the US Shipping industry average (2.7x)
Price to Earnings Ratio vs Fair Ratio
What is SB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||2.3x|
|Fair PE Ratio||6.7x|
Price-To-Earnings vs Fair Ratio: SB is good value based on its Price-To-Earnings Ratio (2.3x) compared to the estimated Fair Price-To-Earnings Ratio (6.7x).
Share Price vs Fair Value
What is the Fair Price of SB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SB ($3.81) is trading below our estimate of fair value ($22.34)
Significantly Below Fair Value: SB is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
Discover undervalued companies
How is Safe Bulkers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SB's earnings are forecast to decline over the next 3 years (-6.1% per year).
Earnings vs Market: SB's earnings are forecast to decline over the next 3 years (-6.1% per year).
High Growth Earnings: SB's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SB's revenue (4.7% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: SB's revenue (4.7% 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 (16.2%).
Discover growth companies
How has Safe Bulkers performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SB has high quality earnings.
Growing Profit Margin: SB's current net profit margins (55.6%) are higher than last year (21.3%).
Past Earnings Growth Analysis
Earnings Trend: SB has become profitable over the past 5 years, growing earnings by 73.1% per year.
Accelerating Growth: SB's earnings growth over the past year (272.3%) exceeds its 5-year average (73.1% per year).
Earnings vs Industry: SB earnings growth over the past year (272.3%) underperformed the Shipping industry 368.6%.
Return on Equity
High ROE: SB's Return on Equity (29.3%) is considered high.
Discover strong past performing companies
How is Safe Bulkers's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SB's short term assets ($152.0M) exceed its short term liabilities ($76.2M).
Long Term Liabilities: SB's short term assets ($152.0M) do not cover its long term liabilities ($414.3M).
Debt to Equity History and Analysis
Debt Level: SB's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: SB's debt to equity ratio has reduced from 102.5% to 60% over the past 5 years.
Debt Coverage: SB's debt is well covered by operating cash flow (60.3%).
Interest Coverage: SB's interest payments on its debt are well covered by EBIT (22.4x coverage).
Discover healthy companies
What is Safe Bulkers's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SB's dividend (5.25%) is higher than the bottom 25% of dividend payers in the US market (1.49%).
High Dividend: SB's dividend (5.25%) is in the top 25% of dividend payers in the US market (4%)
Stability and Growth of Payments
Stable Dividend: SB's dividend payments have been volatile in the past 10 years.
Growing Dividend: SB's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16.4%), SB's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Polys Hajioannou (55 yo)
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...
Experienced Management: SB's management team is seasoned and experienced (14.6 years average tenure).
Experienced Board: SB's board of directors are seasoned and experienced ( 14.6 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Safe Bulkers, Inc.'s employee growth, exchange listings and data sources
- Name: Safe Bulkers, Inc.
- Ticker: SB
- Exchange: NYSE
- Founded: 2007
- Industry: Marine
- Sector: Transportation
- Implied Market Cap: US$459.727m
- Shares outstanding: 120.66m
- Website: https://www.safebulkers.com
Number of Employees
- Safe Bulkers, Inc.
- Les Acanthes
- Apartment D11
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/12 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.