SAFE BULKERS INC (SB) Stock Fundamental Analysis
USA - NYSE:SB - MHY7388L1039 - Common Stock
4.31 USD
0 (0%)
4.31 USD
0 (0%)
Overall SB gets a fundamental rating of 4 out of 10. We evaluated SB against 35 industry peers in the Marine Transportation industry. While SB is still in line with the averages on profitability rating, there are concerns on its financial health. SB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SB had positive earnings in the past year.
Of the past 5 years SB 4 years were profitable.
SB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 3.24%, SB perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
SB has a Return On Equity of 5.46%. This is comparable to the rest of the industry: SB outperforms 60.00% of its industry peers.
With a Return On Invested Capital value of 4.61%, SB perfoms like the industry average, outperforming 54.29% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SB is significantly below the industry average of 18.85%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 5.46% | ||
| ROIC | 4.61% |
ROA(3y)8.23%
ROA(5y)7.47%
ROE(3y)13.56%
ROE(5y)11.82%
ROIC(3y)8.37%
ROIC(5y)8.01%
1.3 Margins
SB's Profit Margin of 16.37% is fine compared to the rest of the industry. SB outperforms 74.29% of its industry peers.
In the last couple of years the Profit Margin of SB has grown nicely.
SB's Operating Margin of 27.66% is fine compared to the rest of the industry. SB outperforms 74.29% of its industry peers.
SB's Operating Margin has improved in the last couple of years.
The Gross Margin of SB (59.74%) is better than 74.29% of its industry peers.
In the last couple of years the Gross Margin of SB has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.66% | ||
| PM (TTM) | 16.37% | ||
| GM | 59.74% |
OM growth 3Y-12.7%
OM growth 5Y10.28%
PM growth 3Y-16.39%
PM growth 5Y67.95%
GM growth 3Y-1.81%
GM growth 5Y1.34%
2. Health
2.1 Basic Checks
SB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SB has less shares outstanding than it did 1 year ago.
The number of shares outstanding for SB has been increased compared to 5 years ago.
SB has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.42, we must say that SB is in the distress zone and has some risk of bankruptcy.
SB has a Altman-Z score (1.42) which is comparable to the rest of the industry.
SB has a Debt/Equity ratio of 0.58. This is a neutral value indicating SB is somewhat dependend on debt financing.
SB has a Debt to Equity ratio (0.58) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.42 |
ROIC/WACC0.52
WACC8.84%
2.3 Liquidity
SB has a Current Ratio of 1.91. This is a normal value and indicates that SB is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.91, SB is in the better half of the industry, outperforming 68.57% of the companies in the same industry.
SB has a Quick Ratio of 1.74. This is a normal value and indicates that SB is financially healthy and should not expect problems in meeting its short term obligations.
SB's Quick ratio of 1.74 is fine compared to the rest of the industry. SB outperforms 68.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
The earnings per share for SB have decreased strongly by -48.61% in the last year.
The Earnings Per Share has been growing by 62.51% on average over the past years. This is a very strong growth
Looking at the last year, SB shows a decrease in Revenue. The Revenue has decreased by -9.65% in the last year.
SB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.23% yearly.
EPS 1Y (TTM)-48.61%
EPS 3Y-18.15%
EPS 5Y62.51%
EPS Q2Q%-94.12%
Revenue 1Y (TTM)-9.65%
Revenue growth 3Y-2.22%
Revenue growth 5Y9.23%
Sales Q2Q%-16.3%
3.2 Future
Based on estimates for the next years, SB will show a small growth in Earnings Per Share. The EPS will grow by 7.27% on average per year.
Based on estimates for the next years, SB will show a small growth in Revenue. The Revenue will grow by 3.64% on average per year.
EPS Next Y-37.9%
EPS Next 2Y4.79%
EPS Next 3Y7.27%
EPS Next 5YN/A
Revenue Next Year-8.41%
Revenue Next 2Y1.74%
Revenue Next 3Y3.64%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 11.65 indicates a reasonable valuation of SB.
The rest of the industry has a similar Price/Earnings ratio as SB.
The average S&P500 Price/Earnings ratio is at 27.40. SB is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 5.77, the valuation of SB can be described as very cheap.
71.43% of the companies in the same industry are more expensive than SB, based on the Price/Forward Earnings ratio.
SB is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.65 | ||
| Fwd PE | 5.77 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SB.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.32 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.19
EPS Next 2Y4.79%
EPS Next 3Y7.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.64%, SB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.07, SB pays a bit more dividend than its industry peers.
SB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
5.2 History
The dividend of SB is nicely growing with an annual growth rate of 19.59%!
SB has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of SB decreased recently.
Dividend Growth(5Y)19.59%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
SB's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y4.79%
EPS Next 3Y7.27%
4.31
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners29.32%
Inst Owner Change-0.3%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap441.00M
Analysts88
Price Target4.95 (14.85%)
Short Float %3.27%
Short Ratio4.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.64% |
Yearly Dividend0.27
Dividend Growth(5Y)19.59%
DPN/A
Div Incr Years0
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-12.16%
Min EPS beat(2)-86.13%
Max EPS beat(2)61.81%
EPS beat(4)2
Avg EPS beat(4)-7.43%
Min EPS beat(4)-86.13%
Max EPS beat(4)61.81%
EPS beat(8)4
Avg EPS beat(8)-0.21%
EPS beat(12)6
Avg EPS beat(12)-0.61%
EPS beat(16)7
Avg EPS beat(16)-0.09%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-10.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-30%
EPS NY rev (1m)0%
EPS NY rev (3m)-22.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.65 | ||
| Fwd PE | 5.77 | ||
| P/S | 1.59 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.53 | ||
| P/tB | 0.53 | ||
| EV/EBITDA | 6.32 |
EPS(TTM)0.37
EY8.58%
EPS(NY)0.75
Fwd EY17.33%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.71
BVpS8.13
TBVpS8.13
PEG (NY)N/A
PEG (5Y)0.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 5.46% | ||
| ROCE | 5.83% | ||
| ROIC | 4.61% | ||
| ROICexc | 5.09% | ||
| ROICexgc | 5.09% | ||
| OM | 27.66% | ||
| PM (TTM) | 16.37% | ||
| GM | 59.74% | ||
| FCFM | N/A |
ROA(3y)8.23%
ROA(5y)7.47%
ROE(3y)13.56%
ROE(5y)11.82%
ROIC(3y)8.37%
ROIC(5y)8.01%
ROICexc(3y)9.14%
ROICexc(5y)8.81%
ROICexgc(3y)9.14%
ROICexgc(5y)8.81%
ROCE(3y)10.6%
ROCE(5y)10.14%
ROICexcg growth 3Y-22.15%
ROICexcg growth 5Y14.43%
ROICexc growth 3Y-22.15%
ROICexc growth 5Y14.43%
OM growth 3Y-12.7%
OM growth 5Y10.28%
PM growth 3Y-16.39%
PM growth 5Y67.95%
GM growth 3Y-1.81%
GM growth 5Y1.34%
F-ScoreN/A
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.55 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.74 | ||
| Altman-Z | 1.42 |
F-ScoreN/A
WACC8.84%
ROIC/WACC0.52
Cap/Depr(3y)335.15%
Cap/Depr(5y)261.38%
Cap/Sales(3y)57.66%
Cap/Sales(5y)46.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-48.61%
EPS 3Y-18.15%
EPS 5Y62.51%
EPS Q2Q%-94.12%
EPS Next Y-37.9%
EPS Next 2Y4.79%
EPS Next 3Y7.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.65%
Revenue growth 3Y-2.22%
Revenue growth 5Y9.23%
Sales Q2Q%-16.3%
Revenue Next Year-8.41%
Revenue Next 2Y1.74%
Revenue Next 3Y3.64%
Revenue Next 5YN/A
EBIT growth 1Y-31.84%
EBIT growth 3Y-14.63%
EBIT growth 5Y20.46%
EBIT Next Year14.82%
EBIT Next 3Y14.98%
EBIT Next 5YN/A
FCF growth 1Y83.52%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.75%
OCF growth 3Y-15.63%
OCF growth 5Y17.48%