SAFE BULKERS INC (SB) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:SB • MHY7388L1039
5.56 USD
-0.22 (-3.81%)
At close: Feb 4, 2026
5.56 USD
0 (0%)
After Hours: 2/4/2026, 4:10:02 PM
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 has a great profitability rating, there are quite some concerns on its financial health. SB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year SB was profitable.
- 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
- With a decent Return On Assets value of 2.71%, SB is doing good in the industry, outperforming 65.71% of the companies in the same industry.
- SB's Return On Equity of 4.58% is fine compared to the rest of the industry. SB outperforms 62.86% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 4.28%, SB is in line with its industry, outperforming 60.00% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for SB is in line with the industry average of 7.59%.
- The last Return On Invested Capital (4.28%) for SB is well below the 3 year average (8.37%), which needs to be investigated, but indicates that SB had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.71% | ||
| ROE | 4.58% | ||
| ROIC | 4.28% |
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
- Looking at the Profit Margin, with a value of 13.87%, SB is in the better half of the industry, outperforming 74.29% of the companies in the same industry.
- SB's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 25.96%, SB is in the better half of the industry, outperforming 74.29% of the companies in the same industry.
- SB's Operating Margin has improved in the last couple of years.
- SB has a better Gross Margin (58.72%) than 74.29% of its industry peers.
- SB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.96% | ||
| PM (TTM) | 13.87% | ||
| GM | 58.72% |
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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SB is destroying value.
- Compared to 1 year ago, SB has less shares outstanding
- 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 1.56, we must say that SB is in the distress zone and has some risk of bankruptcy.
- SB has a Altman-Z score (1.56) 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 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 | 1.56 |
ROIC/WACC0.51
WACC8.42%
2.3 Liquidity
- A Current Ratio of 1.91 indicates that SB should not have too much problems paying its short term obligations.
- SB has a Current ratio (1.91) which is in line with 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.
- SB has a Quick ratio (1.74) which is in line with 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 -56.58% 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.
- SB shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.74%.
- 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)-56.58%
EPS 3Y-18.15%
EPS 5Y62.51%
EPS Q2Q%-25%
Revenue 1Y (TTM)-13.74%
Revenue growth 3Y-2.22%
Revenue growth 5Y9.23%
Sales Q2Q%-3.75%
3.2 Future
- The Earnings Per Share is expected to grow by 16.73% on average over the next years. This is quite good.
- SB is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.75% yearly.
EPS Next Y-51.53%
EPS Next 2Y19.96%
EPS Next 3Y16.73%
EPS Next 5YN/A
Revenue Next Year-10.74%
Revenue Next 2Y-2.86%
Revenue Next 3Y-0.75%
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 16.85, which indicates a correct valuation of SB.
- Based on the Price/Earnings ratio, SB is valued a bit cheaper than 62.86% of the companies in the same industry.
- When comparing the Price/Earnings ratio of SB to the average of the S&P500 Index (28.18), we can say SB is valued slightly cheaper.
- The Price/Forward Earnings ratio is 5.68, 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 80.00% 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 25.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.85 | ||
| Fwd PE | 5.68 |
4.2 Price Multiples
- 62.86% of the companies in the same industry are more expensive than SB, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.75 |
4.3 Compensation for Growth
- SB has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as SB's earnings are expected to grow with 16.73% in the coming years.
PEG (NY)N/A
PEG (5Y)0.27
EPS Next 2Y19.96%
EPS Next 3Y16.73%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.56%, SB has a reasonable but not impressive dividend return.
- SB's Dividend Yield is a higher than the industry average which is at 5.80.
- SB's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.56% |
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.
- SB has decreased its dividend recently.
Dividend Growth(5Y)19.59%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- The dividend of SB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y19.96%
EPS Next 3Y16.73%
5.56
-0.22 (-3.81%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)11-25 2025-11-25/amc
Earnings (Next)02-16 2026-02-16/amc
Inst Owners29.74%
Inst Owner Change-0.4%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap568.95M
Revenue(TTM)274.66M
Net Income(TTM)38.09M
Analysts40
Price Target5.51 (-0.9%)
Short Float %2.9%
Short Ratio2.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.56% |
Yearly Dividend0.27
Dividend Growth(5Y)19.59%
DPN/A
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-34.81%
Min EPS beat(2)-86.13%
Max EPS beat(2)16.5%
EPS beat(4)3
Avg EPS beat(4)-1.84%
Min EPS beat(4)-86.13%
Max EPS beat(4)61.81%
EPS beat(8)4
Avg EPS beat(8)-0.81%
EPS beat(12)6
Avg EPS beat(12)-1.56%
EPS beat(16)8
Avg EPS beat(16)1.02%
Revenue beat(2)2
Avg Revenue beat(2)4.46%
Min Revenue beat(2)2.14%
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)-0.92%
PT rev (3m)11.34%
EPS NQ rev (1m)-15.15%
EPS NQ rev (3m)-42.86%
EPS NY rev (1m)-7.25%
EPS NY rev (3m)-21.95%
Revenue NQ rev (1m)-3.22%
Revenue NQ rev (3m)-13.26%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)-2.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.85 | ||
| Fwd PE | 5.68 | ||
| P/S | 2.07 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 7.75 |
EPS(TTM)0.33
EY5.94%
EPS(NY)0.98
Fwd EY17.6%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.68
BVpS8.13
TBVpS8.13
PEG (NY)N/A
PEG (5Y)0.27
Graham Number7.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.71% | ||
| ROE | 4.58% | ||
| ROCE | 5.42% | ||
| ROIC | 4.28% | ||
| ROICexc | 4.73% | ||
| ROICexgc | 4.73% | ||
| OM | 25.96% | ||
| PM (TTM) | 13.87% | ||
| GM | 58.72% | ||
| 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 | 3.7 | ||
| 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 | 1.56 |
F-ScoreN/A
WACC8.42%
ROIC/WACC0.51
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)-56.58%
EPS 3Y-18.15%
EPS 5Y62.51%
EPS Q2Q%-25%
EPS Next Y-51.53%
EPS Next 2Y19.96%
EPS Next 3Y16.73%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.74%
Revenue growth 3Y-2.22%
Revenue growth 5Y9.23%
Sales Q2Q%-3.75%
Revenue Next Year-10.74%
Revenue Next 2Y-2.86%
Revenue Next 3Y-0.75%
Revenue Next 5YN/A
EBIT growth 1Y-41.57%
EBIT growth 3Y-14.63%
EBIT growth 5Y20.46%
EBIT Next Year7.65%
EBIT Next 3Y7.73%
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 5 / 10 to SB.
What is the valuation status of SAFE BULKERS INC (SB) stock?
ChartMill assigns a valuation rating of 5 / 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 7 / 10.
Can you provide the PE and PB ratios for SB stock?
The Price/Earnings (PE) ratio for SAFE BULKERS INC (SB) is 16.85 and the Price/Book (PB) ratio is 0.68.