SAFE BULKERS INC (SB) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SB - MHY7388L1039 - Common Stock
4.85 USD
+0.15 (+3.19%)
4.82 USD
-0.03 (-0.62%)
Taking everything into account, SB scores 4 out of 10 in our fundamental rating. SB was compared to 35 industry peers in the Marine Transportation industry. SB has a medium profitability rating, but doesn't score so well on its financial health evaluation. SB is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
SB had positive earnings in the past year.
SB had positive earnings in 4 of the past 5 years.
SB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SB's Return On Assets of 3.24% is fine compared to the rest of the industry. SB outperforms 61.11% of its industry peers.
Looking at the Return On Equity, with a value of 5.46%, SB is in the better half of the industry, outperforming 61.11% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.61%, SB is in line with its industry, outperforming 55.56% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SB is significantly below the industry average of 18.49%.
| 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 75.00% of its industry peers.
In the last couple of years the Profit Margin of SB has grown nicely.
SB has a Operating Margin of 27.66%. This is in the better half of the industry: SB outperforms 75.00% of its industry peers.
SB's Operating Margin has improved in the last couple of years.
SB has a Gross Margin of 59.74%. This is in the better half of the industry: SB outperforms 75.00% of its industry peers.
SB's Gross Margin has been stable in the last couple of years.
| 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.
The number of shares outstanding for SB has been reduced compared to 1 year ago.
SB has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SB is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.47, we must say that SB is in the distress zone and has some risk of bankruptcy.
SB has a Altman-Z score (1.47) which is in line with its industry peers.
SB has a Debt/Equity ratio of 0.58. This is a neutral value indicating SB is somewhat dependend on debt financing.
SB's Debt to Equity ratio of 0.58 is in line compared to the rest of the industry. SB outperforms 41.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.47 |
ROIC/WACC0.53
WACC8.71%
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.
SB has a Current ratio of 1.91. This is in the better half of the industry: SB outperforms 63.89% of its industry peers.
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.
Looking at the Quick ratio, with a value of 1.74, SB is in the better half of the industry, outperforming 63.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.91 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
SB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.61%.
The Earnings Per Share has been growing by 62.51% on average over the past years. This is a very strong growth
SB shows a decrease in Revenue. In the last year, the revenue decreased by -9.65%.
Measured over the past years, SB shows a quite strong growth in Revenue. The Revenue has been growing by 9.23% on average per year.
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.
SB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.64% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 13.11 indicates a correct valuation of SB.
SB's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of SB to the average of the S&P500 Index (25.45), we can say SB is valued slightly cheaper.
With a Price/Forward Earnings ratio of 6.49, the valuation of SB can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SB indicates a somewhat cheap valuation: SB is cheaper than 69.44% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SB to the average of the S&P500 Index (34.46), we can say SB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.11 | ||
| Fwd PE | 6.49 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SB is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.73 |
4.3 Compensation for Growth
The decent profitability rating of SB may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.21
EPS Next 2Y4.79%
EPS Next 3Y7.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.26%, SB is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.61, 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 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
5.2 History
On average, the dividend of SB grows each year by 19.59%, which is quite nice.
SB has been paying a dividend for at least 10 years, so it has a reliable track record.
SB has decreased its dividend 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%
4.85
+0.15 (+3.19%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners29.32%
Inst Owner Change1.3%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap496.25M
Revenue(TTM)277.51M
Net Income(TTM)45.43M
Analysts88
Price Target5.1 (5.15%)
Short Float %2.94%
Short Ratio4.22
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.26% |
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)3.09%
PT rev (3m)0%
EPS NQ rev (1m)-4.76%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-22.64%
Revenue NQ rev (1m)-0.3%
Revenue NQ rev (3m)2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.11 | ||
| Fwd PE | 6.49 | ||
| P/S | 1.79 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.6 | ||
| P/tB | 0.6 | ||
| EV/EBITDA | 6.73 |
EPS(TTM)0.37
EY7.63%
EPS(NY)0.75
Fwd EY15.4%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.71
BVpS8.13
TBVpS8.13
PEG (NY)N/A
PEG (5Y)0.21
Graham Number8.23
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%
ROICexgc growth 3Y-22.15%
ROICexgc 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 | 1.47 |
F-ScoreN/A
WACC8.71%
ROIC/WACC0.53
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%
SAFE BULKERS INC / SB FAQ
What is the fundamental rating for SB stock?
ChartMill assigns a fundamental rating of 4 / 10 to SB.
Can you provide the valuation status for SAFE BULKERS INC?
ChartMill assigns a valuation rating of 4 / 10 to SAFE BULKERS INC (SB). This can be considered as Fairly Valued.
How profitable is SAFE BULKERS INC (SB) stock?
SAFE BULKERS INC (SB) has a profitability rating of 5 / 10.
What are the PE and PB ratios of SAFE BULKERS INC (SB) stock?
The Price/Earnings (PE) ratio for SAFE BULKERS INC (SB) is 13.11 and the Price/Book (PB) ratio is 0.6.
What is the earnings growth outlook for SAFE BULKERS INC?
The Earnings per Share (EPS) of SAFE BULKERS INC (SB) is expected to decline by -37.9% in the next year.