SAFE BULKERS INC (SB) Stock Fundamental Analysis
USA - NYSE:SB - MHY7388L1039 - Common Stock
4.6 USD
-0.01 (-0.22%)
4.69 USD
+0.09 (+1.96%)
SB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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 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
The Return On Assets of SB (3.24%) is comparable to the rest of the industry.
The Return On Equity of SB (5.46%) is comparable to the rest of the industry.
The Return On Invested Capital of SB (4.61%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for SB is in line with the industry average of 7.39%.
| 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.
SB's Profit Margin has improved in the last couple of years.
The Operating Margin of SB (27.66%) is better than 74.29% 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 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SB is destroying value.
The number of shares outstanding for SB has been reduced compared to 1 year ago.
Compared to 5 years ago, SB has more shares outstanding
SB has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.45, 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 1.45, SB is in the better half of the industry, outperforming 62.86% of the companies in the same 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 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 | 1.45 |
ROIC/WACC0.51
WACC8.96%
2.3 Liquidity
A Current Ratio of 1.91 indicates that SB should not have too much problems paying 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.
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.
With a decent Quick ratio value of 1.74, SB is doing good in the industry, outperforming 65.71% 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%.
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.
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.
The Revenue is expected to grow by 3.64% on average over the next years.
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.
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 12.43 indicates a correct valuation of SB.
SB's Price/Earnings is on the same level as the industry average.
SB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.06.
A Price/Forward Earnings ratio of 6.16 indicates a rather cheap valuation of SB.
74.29% of the companies in the same industry are more expensive than SB, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SB to the average of the S&P500 Index (22.64), we can say SB is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.43 | ||
| Fwd PE | 6.16 |
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 | 6.54 |
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)0.2
EPS Next 2Y4.79%
EPS Next 3Y7.27%
5. Dividend
5.1 Amount
SB has a Yearly Dividend Yield of 4.33%, which is a nice return.
Compared to an average industry Dividend Yield of 6.45, 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.33% |
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.
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 2Y4.79%
EPS Next 3Y7.27%
4.6
-0.01 (-0.22%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners29.32%
Inst Owner Change-1.75%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap470.67M
Analysts88
Price Target4.95 (7.61%)
Short Float %2.87%
Short Ratio3.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.33% |
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%
PT rev (3m)-10.19%
EPS NQ rev (1m)5%
EPS NQ rev (3m)-30%
EPS NY rev (1m)-9.89%
EPS NY rev (3m)-18%
Revenue NQ rev (1m)2.3%
Revenue NQ rev (3m)-5.33%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)-1.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.43 | ||
| Fwd PE | 6.16 | ||
| P/S | 1.7 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.57 | ||
| P/tB | 0.57 | ||
| EV/EBITDA | 6.54 |
EPS(TTM)0.37
EY8.04%
EPS(NY)0.75
Fwd EY16.23%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.71
BVpS8.13
TBVpS8.13
PEG (NY)N/A
PEG (5Y)0.2
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 | 1.45 |
F-ScoreN/A
WACC8.96%
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)-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%