Safe Bulkers, Inc. provides marine drybulk transportation services. More Details
Slightly overvalued with questionable track record.
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 +/- 11% a week.
Volatility Over Time: SB's weekly volatility (11%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SB exceeded the US Shipping industry which returned 97.4% over the past year.
Return vs Market: SB exceeded the US Market which returned 49.9% over the past year.
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 StAnalysts Are Betting On Safe Bulkers, Inc. (NYSE:SB) With A Big Upgrade This Week
1 month ago | Simply Wall StInvestors Will Want Safe Bulkers' (NYSE:SB) Growth In ROCE To Persist
2 months ago | Simply Wall StSafe Bulkers (NYSE:SB) Has A Somewhat Strained Balance Sheet
Is Safe Bulkers undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SB ($4) is trading below our estimate of fair value ($8.92)
Significantly Below Fair Value: SB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SB is poor value based on its PE Ratio (64.6x) compared to the US Shipping industry average (14.3x).
PE vs Market: SB is poor value based on its PE Ratio (64.6x) compared to the US market (20.2x).
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's PB Ratio (0.9x) is in line with the US Shipping industry average.
How is Safe Bulkers forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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 (1.5% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: SB's revenue (1.5% 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 (9%).
How has Safe Bulkers performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SB has a large one-off gain of $6.1M impacting its March 31 2021 financial results.
Growing Profit Margin: SB became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SB has become profitable over the past 5 years, growing earnings by 39.2% per year.
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 (20.6%).
Return on Equity
High ROE: SB's Return on Equity (3.9%) is considered low.
How is Safe Bulkers's financial position?
Financial Position Analysis
Short Term Liabilities: SB's short term assets ($149.2M) exceed its short term liabilities ($121.0M).
Long Term Liabilities: SB's short term assets ($149.2M) do not cover its long term liabilities ($516.3M).
Debt to Equity History and Analysis
Debt Level: SB's debt to equity ratio (125.6%) is considered high.
Reducing Debt: SB's debt to equity ratio has increased from 99.8% to 125.6% over the past 5 years.
Debt Coverage: SB's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: SB's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is Safe Bulkers's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Polys Hajioannou (53 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 (13.3 years average tenure).
Experienced Board: SB's board of directors are seasoned and experienced ( 13.3 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 been diluted in the past year, with total shares outstanding growing by 4.4%.
Safe Bulkers, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Safe Bulkers, Inc.
- Ticker: SB
- Exchange: NYSE
- Founded: 2007
- Industry: Marine
- Sector: Transportation
- Market Cap: US$427.060m
- Shares outstanding: 106.77m
- Website: https://www.safebulkers.com
Number of Employees
- Safe Bulkers, Inc.
- Les Acanthes
- Apartment D11
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 15, 2021, the company...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/09 22:03|
|End of Day Share Price||2021/05/07 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.