SAFE BULKERS INC (SB) Stock Fundamental Analysis
NYSE:SB - MHY7388L1039 - Common Stock
4.45 USD
+0.04 (+0.91%)
4.37 USD
-0.08 (-1.8%)
Taking everything into account, SB scores 5 out of 10 in our fundamental rating. SB was compared to 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SB was profitable.
Of the past 5 years SB 4 years were profitable.
In the past 5 years SB always reported a positive cash flow from operatings.
1.2 Ratios
SB has a Return On Assets (3.24%) which is in line with its industry peers.
The Return On Equity of SB (5.46%) is comparable to the rest of the industry.
SB has a Return On Invested Capital (4.61%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SB is in line with the industry average of 7.67%.
| 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 has a Profit Margin of 16.37%. This is in the better half of the industry: SB outperforms 74.29% of its industry peers.
SB's Profit Margin has improved in the last couple of years.
SB has a Operating Margin of 27.66%. This is in the better half of the industry: SB outperforms 74.29% of its industry peers.
SB's Operating Margin has improved in the last couple of years.
SB's Gross Margin of 59.74% is fine compared to the rest of the industry. SB outperforms 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.
The number of shares outstanding for SB has been reduced compared to 1 year ago.
The number of shares outstanding for SB has been increased compared to 5 years ago.
Compared to 1 year ago, SB has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that SB is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.43, SB is in the better half of the industry, outperforming 62.86% of the companies in the same industry.
A Debt/Equity ratio of 0.58 indicates that SB is somewhat dependend on debt financing.
SB has a Debt to Equity ratio of 0.58. This is comparable to the rest of the industry: SB outperforms 48.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.43 |
ROIC/WACC0.52
WACC8.88%
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.
With a decent Current ratio value of 1.91, SB is doing good in the industry, outperforming 65.71% of the companies in the same industry.
A Quick Ratio of 1.74 indicates that SB should not have too much problems paying its short term obligations.
SB's Quick ratio of 1.74 is fine compared to the rest of the industry. SB outperforms 65.71% 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.
Measured over the past years, SB shows a very strong growth in Earnings Per Share. The EPS has been growing by 62.51% on average per year.
The Revenue has decreased by -9.65% in the past year.
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
SB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.05% yearly.
Based on estimates for the next years, SB will show a small growth in Revenue. The Revenue will grow by 3.87% on average per year.
EPS Next Y-31.08%
EPS Next 2Y9.39%
EPS Next 3Y10.05%
EPS Next 5YN/A
Revenue Next Year-8.76%
Revenue Next 2Y2.24%
Revenue Next 3Y3.87%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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
The Price/Earnings ratio is 12.03, which indicates a correct valuation of SB.
Based on the Price/Earnings ratio, SB is valued a bit cheaper than the industry average as 62.86% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.06. SB is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 5.47, which indicates a rather cheap valuation of SB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SB indicates a somewhat cheap valuation: SB is cheaper than 77.14% of the companies listed in the same industry.
SB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.03 | ||
| Fwd PE | 5.47 |
4.2 Price Multiples
SB's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.39 |
4.3 Compensation for Growth
SB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.19
EPS Next 2Y9.39%
EPS Next 3Y10.05%
5. Dividend
5.1 Amount
SB has a Yearly Dividend Yield of 4.69%, which is a nice return.
SB's Dividend Yield is rather good when compared to the industry average which is at 6.64. SB pays more dividend than 85.71% of the companies in the same industry.
SB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.69% |
5.2 History
The dividend of SB is nicely growing with an annual growth rate of 19.59%!
SB has paid a dividend for at least 10 years, which is 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 2Y9.39%
EPS Next 3Y10.05%
4.45
+0.04 (+0.91%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners30.01%
Inst Owner Change-1.75%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap455.32M
Analysts88
Price Target5.1 (14.61%)
Short Float %2.66%
Short Ratio3.6
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.69% |
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)-1.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-44.44%
EPS NY rev (1m)-14.15%
EPS NY rev (3m)-9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.83%
Revenue NY rev (3m)-3.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.03 | ||
| Fwd PE | 5.47 | ||
| P/S | 1.64 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.55 | ||
| P/tB | 0.55 | ||
| EV/EBITDA | 6.39 |
EPS(TTM)0.37
EY8.31%
EPS(NY)0.81
Fwd EY18.29%
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 | 1.43 |
F-ScoreN/A
WACC8.88%
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-31.08%
EPS Next 2Y9.39%
EPS Next 3Y10.05%
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-8.76%
Revenue Next 2Y2.24%
Revenue Next 3Y3.87%
Revenue Next 5YN/A
EBIT growth 1Y-31.84%
EBIT growth 3Y-14.63%
EBIT growth 5Y20.46%
EBIT Next Year17.71%
EBIT Next 3Y16.22%
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%