NYSE:SB

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Executive Summary

Safe Bulkers, Inc. provides marine drybulk transportation services. More Details


Snowflake Analysis

Fair value with concerning outlook.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.2%

SB

-0.08%

US Shipping

-0.4%

US Market


1 Year Return

-45.4%

SB

-35.7%

US Shipping

18.3%

US Market

Return vs Industry: SB underperformed the US Shipping industry which returned -35.7% over the past year.

Return vs Market: SB underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

SBIndustryMarket
7 Day-3.2%-0.08%-0.4%
30 Day-5.0%14.8%6.6%
90 Day-16.4%11.7%8.6%
1 Year-45.4%-45.4%-34.0%-35.7%21.0%18.3%
3 Year-71.7%-71.7%-20.6%-27.0%42.1%32.7%
5 Year-68.2%-68.2%-63.1%-67.1%85.6%64.7%

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

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 ($0.98) is trading below our estimate of fair value ($11.41)

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 (0.2x) compared to the US Shipping industry average (0.3x).


Next Steps

Future Growth

How is Safe Bulkers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

10.9%

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 (2.2%).

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 (10.9% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: SB's revenue (10.9% 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 (10.4%).


Next Steps

Past Performance

How has Safe Bulkers performed over the past 5 years?

27.3%

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 27.3% 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 (-5%).


Return on Equity

High ROE: SB has a negative Return on Equity (-3.29%), 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 ($121.3M) exceed its short term liabilities ($89.3M).

Long Term Liabilities: SB's short term assets ($121.3M) do not cover its long term liabilities ($566.8M).


Debt to Equity History and Analysis

Debt Level: SB's debt to equity ratio (137%) is considered high.

Reducing Debt: SB's debt to equity ratio has increased from 81.6% to 137% 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: Insufficient data to determine if SB has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SB has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Safe Bulkers's current dividend yield, its reliability and sustainability?

8.74%

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?

12.8yrs

Average management tenure


CEO

Polys Hajioannou (53 yo)

12.75yrs

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

NamePositionTenureCompensationOwnership
Polys Hajioannou
Chairman & CEO12.75yrsno data28.35%
$ 28.3m
Loukas Barmparis
President12.75yrsno datano data
Konstantinos Adamopoulos
CFO & Director12.75yrsno datano data
Ioannis Foteinos
COO & Director11.67yrsno datano data

12.8yrs

Average Tenure

57yo

Average Age

Experienced Management: SB's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Polys Hajioannou
Chairman & CEO12.75yrsno data28.35%
$ 28.3m
Loukas Barmparis
President12.75yrsno datano data
Konstantinos Adamopoulos
CFO & Director12.75yrsno datano data
Ioannis Foteinos
COO & Director11.67yrsno datano data
Frank Sica
Independent Director9.33yrsno datano data
Ole Wikborg
Independent Director12.75yrsno datano data
Christos Megalou
Independent Director4.08yrsno datano data

12.4yrs

Average Tenure

61yo

Average Age

Experienced Board: SB's board of directors are seasoned and experienced ( 12.4 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$99.876m
  • Shares outstanding: 102.12m
  • Website: https://www.safebulkers.com

Number of Employees


Location

  • Safe Bulkers, Inc.
  • Les Acanthes
  • Apartment D11
  • Monaco
  • 98000
  • Monaco

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2008
SBLDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2008
SB.PRCNYSE (New York Stock Exchange)RED PERP PFD C%USUSDMay 2014
SB.PRDNYSE (New York Stock Exchange)PERP PFD SER DUSUSDJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 01:09
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.