SAFE BULKERS INC (SB) Fundamental Analysis & Valuation

NYSE:SB • MHY7388L1039

Current stock price

6.48 USD
-0.09 (-1.37%)
At close:
6.61 USD
+0.13 (+2.01%)
Pre-Market:

This SB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. SB Profitability Analysis

1.1 Basic Checks

  • SB had positive earnings in the past year.
  • SB had a positive operating cash flow in the past year.
  • Each year in the past 5 years SB has been profitable.
  • In the past 5 years SB always reported a positive cash flow from operatings.
SB Yearly Net Income VS EBIT VS OCF VS FCFSB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.17%, SB is in line with its industry, outperforming 57.14% of the companies in the same industry.
  • The Return On Equity of SB (3.75%) is comparable to the rest of the industry.
  • SB has a Return On Invested Capital (3.93%) which is in line with its industry peers.
Industry RankSector Rank
ROA 2.17%
ROE 3.75%
ROIC 3.93%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SB Yearly ROA, ROE, ROICSB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

1.3 Margins

  • The Profit Margin of SB (11.08%) is better than 62.86% of its industry peers.
  • SB's Profit Margin has declined in the last couple of years.
  • SB has a better Operating Margin (23.71%) than 71.43% of its industry peers.
  • In the last couple of years the Operating Margin of SB has grown nicely.
  • SB has a Gross Margin of 57.64%. This is in the better half of the industry: SB outperforms 65.71% of its industry peers.
  • SB's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 23.71%
PM (TTM) 11.08%
GM 57.64%
OM growth 3Y-23.42%
OM growth 5Y34.95%
PM growth 3Y-38.12%
PM growth 5YN/A
GM growth 3Y-3.52%
GM growth 5Y4.67%
SB Yearly Profit, Operating, Gross MarginsSB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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3

2. SB Health Analysis

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.
  • There is no outstanding debt for SB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
SB Yearly Shares OutstandingSB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
SB Yearly Total Debt VS Total AssetsSB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.2 Solvency

  • The Debt to FCF ratio of SB is 9.16, which is on the high side as it means it would take SB, 9.16 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of SB (9.16) is comparable to the rest of the industry.
  • SB has a Debt/Equity ratio of 0.60. This is a neutral value indicating SB is somewhat dependend on debt financing.
  • SB has a Debt to Equity ratio (0.60) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 9.16
Altman-Z N/A
ROIC/WACC0.41
WACC9.68%
SB Yearly LT Debt VS Equity VS FCFSB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 1.70 indicates that SB should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.70, SB is in line with its industry, outperforming 54.29% of the companies in the same industry.
  • A Quick Ratio of 1.70 indicates that SB should not have too much problems paying its short term obligations.
  • SB has a Quick ratio (1.70) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.7
Quick Ratio 1.7
SB Yearly Current Assets VS Current LiabilitesSB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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3

3. SB Growth Analysis

3.1 Past

  • The earnings per share for SB have decreased strongly by -52.94% in the last year.
  • The earnings per share for SB have been decreasing by -37.65% on average. This is quite bad
  • SB shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -10.37%.
  • The Revenue has been growing slightly by 6.83% on average over the past years.
EPS 1Y (TTM)-52.94%
EPS 3Y-37.65%
EPS 5YN/A
EPS Q2Q%-6.67%
Revenue 1Y (TTM)-10.37%
Revenue growth 3Y-7.62%
Revenue growth 5Y6.83%
Sales Q2Q%1.51%

3.2 Future

  • Based on estimates for the next years, SB will show a very strong growth in Earnings Per Share. The EPS will grow by 20.97% on average per year.
  • Based on estimates for the next years, SB will show a small growth in Revenue. The Revenue will grow by 3.80% on average per year.
EPS Next Y77.03%
EPS Next 2Y21.68%
EPS Next 3Y20.97%
EPS Next 5YN/A
Revenue Next Year5.73%
Revenue Next 2Y4.66%
Revenue Next 3Y3.8%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SB Yearly Revenue VS EstimatesSB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M
SB Yearly EPS VS EstimatesSB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 -0.5 1

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6

4. SB Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 20.25, the valuation of SB can be described as rather expensive.
  • The rest of the industry has a similar Price/Earnings ratio as SB.
  • When comparing the Price/Earnings ratio of SB to the average of the S&P500 Index (26.21), we can say SB is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 11.44, which indicates a very decent valuation of SB.
  • The rest of the industry has a similar Price/Forward Earnings ratio as SB.
  • The average S&P500 Price/Forward Earnings ratio is at 23.10. SB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 20.25
Fwd PE 11.44
SB Price Earnings VS Forward Price EarningsSB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as SB.
  • Based on the Price/Free Cash Flow ratio, SB is valued a bit cheaper than 65.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.99
EV/EBITDA 8.76
SB Per share dataSB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • SB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of SB may justify a higher PE ratio.
  • SB's earnings are expected to grow with 20.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y21.68%
EPS Next 3Y20.97%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. SB Dividend Analysis

5.1 Amount

  • SB has a Yearly Dividend Yield of 3.29%.
  • Compared to an average industry Dividend Yield of 8.80, SB pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, SB pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.29%

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 in the last 3 years.
Dividend Growth(5Y)19.59%
Div Incr Years0
Div Non Decr Years2
SB Yearly Dividends per shareSB Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 2025 2026 2 4 6 8 10

5.3 Sustainability

  • SB pays out 93.61% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of SB is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP93.61%
EPS Next 2Y21.68%
EPS Next 3Y20.97%
SB Yearly Income VS Free CF VS DividendSB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50M -50M 100M 150M
SB Dividend Payout.SB Dividend Payout, showing the Payout Ratio.SB Dividend Payout.PayoutRetained Earnings

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SB Fundamentals: All Metrics, Ratios and Statistics

SAFE BULKERS INC

NYSE:SB (4/7/2026, 9:04:17 PM)

Premarket: 6.61 +0.13 (+2.01%)

6.48

-0.09 (-1.37%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)02-18
Earnings (Next)05-18
Inst Owners32.17%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner Change0%
Market Cap662.52M
Revenue(TTM)275.74M
Net Income(TTM)30.56M
Analysts40
Price Target5.81 (-10.34%)
Short Float %3.32%
Short Ratio2.35
Dividend
Industry RankSector Rank
Dividend Yield 3.29%
Yearly Dividend0.27
Dividend Growth(5Y)19.59%
DP93.61%
Div Incr Years0
Div Non Decr Years2
Ex-Date03-02
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.8%
Min EPS beat(2)-2.91%
Max EPS beat(2)16.5%
EPS beat(4)2
Avg EPS beat(4)-2.68%
Min EPS beat(4)-86.13%
Max EPS beat(4)61.81%
EPS beat(8)3
Avg EPS beat(8)-4.79%
EPS beat(12)5
Avg EPS beat(12)-2.78%
EPS beat(16)8
Avg EPS beat(16)1.08%
Revenue beat(2)2
Avg Revenue beat(2)3.86%
Min Revenue beat(2)0.94%
Max Revenue beat(2)6.78%
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)4.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)28.57%
EPS NY rev (1m)5.77%
EPS NY rev (3m)-21.99%
Revenue NQ rev (1m)5.79%
Revenue NQ rev (3m)3.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.82%
Valuation
Industry RankSector Rank
PE 20.25
Fwd PE 11.44
P/S 2.4
P/FCF 10.99
P/OCF 6.48
P/B 0.81
P/tB 0.81
EV/EBITDA 8.76
EPS(TTM)0.32
EY4.94%
EPS(NY)0.57
Fwd EY8.74%
FCF(TTM)0.59
FCFY9.1%
OCF(TTM)1
OCFY15.44%
SpS2.7
BVpS7.98
TBVpS7.98
PEG (NY)0.26
PEG (5Y)N/A
Graham Number7.58
Profitability
Industry RankSector Rank
ROA 2.17%
ROE 3.75%
ROCE 4.97%
ROIC 3.93%
ROICexc 4.31%
ROICexgc 4.31%
OM 23.71%
PM (TTM) 11.08%
GM 57.64%
FCFM 21.87%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-23.42%
OM growth 5Y34.95%
PM growth 3Y-38.12%
PM growth 5YN/A
GM growth 3Y-3.52%
GM growth 5Y4.67%
F-Score5
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 9.16
Debt/EBITDA 3.92
Cap/Depr 70.13%
Cap/Sales 15.23%
Interest Coverage 1.86
Cash Conversion 81.67%
Profit Quality 197.29%
Current Ratio 1.7
Quick Ratio 1.7
Altman-Z N/A
F-Score5
WACC9.68%
ROIC/WACC0.41
Cap/Depr(3y)235.16%
Cap/Depr(5y)256.84%
Cap/Sales(3y)45.27%
Cap/Sales(5y)44.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-52.94%
EPS 3Y-37.65%
EPS 5YN/A
EPS Q2Q%-6.67%
EPS Next Y77.03%
EPS Next 2Y21.68%
EPS Next 3Y20.97%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.37%
Revenue growth 3Y-7.62%
Revenue growth 5Y6.83%
Sales Q2Q%1.51%
Revenue Next Year5.73%
Revenue Next 2Y4.66%
Revenue Next 3Y3.8%
Revenue Next 5YN/A
EBIT growth 1Y-41.57%
EBIT growth 3Y-29.26%
EBIT growth 5Y44.16%
EBIT Next Year111.43%
EBIT Next 3Y30.06%
EBIT Next 5YN/A
FCF growth 1Y521.18%
FCF growth 3Y20.14%
FCF growth 5Y35.92%
OCF growth 1Y-21.59%
OCF growth 3Y-22.3%
OCF growth 5Y10.04%

SAFE BULKERS INC / SB Fundamental Analysis FAQ

What is the fundamental rating for SB stock?

ChartMill assigns a fundamental rating of 4 / 10 to SB.


What is the valuation status for SB stock?

ChartMill assigns a valuation rating of 6 / 10 to SAFE BULKERS INC (SB). This can be considered as Fairly Valued.


Can you provide the profitability details for SAFE BULKERS INC?

SAFE BULKERS INC (SB) has a profitability rating of 6 / 10.


How financially healthy is SAFE BULKERS INC?

The financial health rating of SAFE BULKERS INC (SB) is 3 / 10.


Can you provide the dividend sustainability for SB stock?

The dividend rating of SAFE BULKERS INC (SB) is 5 / 10 and the dividend payout ratio is 93.61%.