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Market Cap

US$427.1m

Last Updated

2021/05/09 22:03 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Slightly overvalued with questionable track record.


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 +/- 11% a week.

Volatility Over Time: SB's weekly volatility (11%) has been stable over the past year.


Market Performance


7 Day Return

11.4%

SB

6.0%

US Shipping

0.2%

US Market


1 Year Return

307.9%

SB

97.6%

US Shipping

49.9%

US Market

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.


Shareholder returns

SBIndustryMarket
7 Day11.4%6.0%0.2%
30 Day78.6%14.7%1.5%
90 Day76.2%38.8%3.3%
1 Year307.9%307.9%100.2%97.6%52.4%49.9%
3 Year21.2%21.2%23.0%14.5%63.7%53.4%
5 Year331.0%331.0%55.0%31.8%130.6%104.9%

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

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 ($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.


Future Growth

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

1.5%

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%).


Past Performance

How has Safe Bulkers performed over the past 5 years?

39.2%

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.


Financial Health

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).


Balance Sheet


Dividend

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

4.71%

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?

13.3yrs

Average management tenure


CEO

Polys Hajioannou (53 yo)

13.33yrs

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

Experienced Management: SB's management team is seasoned and experienced (13.3 years average tenure).


Board Members

Experienced Board: SB's board of directors are seasoned and experienced ( 13.3 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 been diluted in the past year, with total shares outstanding growing by 4.4%.


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$427.060m
  • Shares outstanding: 106.77m
  • Website: https://www.safebulkers.com

Number of Employees


Location

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

Listings


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 15, 2021, the company...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 22:03
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.