SB Stock Analysis: Safe Bulkers | NYSE
Marine Shipping | NYSE, USA | Market Cap: 889m USD | 12M Return: 86.6% | MHY7388L1039 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 9.07M
EPS Trend: -41.5%
Qual. Beats: 2
Rev. Trend: -22.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Safe Bulkers, Inc. (NYSE: SB) is a Monaco-based international provider of marine drybulk transportation services, transporting bulk cargoes such as coal, grain, and iron ore. The company operates a fleet of 45 vessels across four classes-Panamax, Kamsarmax, post-Panamax, and Capesize-with an aggregate carrying capacity of 4,559,000 deadweight tons. Founded in 2007 and listed on the NYSE since 2008, Safe Bulkers falls within the marine transportation sub-industry, a cyclical sector whose revenues are closely tied to global commodity trade flows and charter rate movements in the drybulk shipping market.
- Baltic Dry Index rebound lifts daily charter rates
- Chinese iron ore demand supports Capesize charter rates
- Bunker fuel price volatility pressures fleet operating margins
| Net Income: 87.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -2.12 > 1.0 |
| NWC/Revenue: 0.16% < 20% (prev 23.96%; Δ -23.81% < -1%) |
| CFO/TA 0.09 > 3% & CFO 130.9m > Net Income 87.0m |
| Net Debt (376.9m) to EBITDA (167.8m): 2.25 < 3 |
| Current Ratio: 1.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (101.8m) vs 12m ago -0.64% < -2% |
| Gross Margin: 44.24% > 18% (prev 38.32%; Δ 5.92% > 0.5%) |
| Asset Turnover: 21.67% > 50% (prev 19.69%; Δ 1.98% > 0%) |
| Interest Coverage Ratio: 3.51 > 6 (EBIT TTM 108.8m / Interest Expense TTM 31.0m) |
| A: 0.00 (Total Current Assets 211.3m - Total Current Liabilities 210.9m) / Total Assets 1.43b |
| B: 0.36 (Retained Earnings 517.3m / Total Assets 1.43b) |
| C: 0.08 (EBIT TTM 108.8m / Avg Total Assets 1.42b) |
| D: 1.56 (Book Value of Equity 870.3m / Total Liabilities 558.9m) |
| Altman-Z'' = 3.33 = A |
As of October 28, 2026, the stock is trading at USD 8.06 with a total of 661,522 shares traded. Over the past week, the price has changed by +2.94%, over one month by -2.30%, over three months by +8.27% and over the past year by +86.63%.
Current recommended Stop Loss: 7.60 (which is 5.7% or 1.5 ATR below the current price).
Safe Bulkers has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy SB.
- StrongBuy: 2
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 9.5 | 17.9% |
P/E Trailing = 10.1429
P/E Forward = 2.0986
P/S = 2.8912
P/B = 1.0948
P/EG = 3.33
Revenue TTM = 307.5m USD
EBIT TTM = 108.8m USD
EBITDA TTM = 167.8m USD
Long Term Debt = 339.9m USD (from longTermDebt, last quarter)
Short Term Debt = 171.6m USD (from shortTermDebt, last quarter)
Debt = 511.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 376.9m USD (calculated: Debt 511.4m - CCE 134.5m)
Enterprise Value = 1.27b USD (889.0m + Debt 511.4m - CCE 134.5m)
Interest Coverage Ratio = 3.51 (Ebit TTM 108.8m / Interest Expense TTM 31.0m)
EV/FCF = 42.24x (Enterprise Value 1.27b / FCF TTM 30.0m)
FCF Yield = 2.37% (FCF TTM 30.0m / Enterprise Value 1.27b)
FCF Margin = 9.75% (FCF TTM 30.0m / Revenue TTM 307.5m)
Net Margin = 28.29% (Net Income TTM 87.0m / Revenue TTM 307.5m)
Gross Margin = 44.24% ((Revenue TTM 307.5m - Cost of Revenue TTM 171.5m) / Revenue TTM)
Gross Margin QoQ = 49.21% (prev 45.29%)
Tobins Q-Ratio = 0.89 (Enterprise Value 1.27b / Total Assets 1.43b)
Interest Expense / Debt = 6.06% (Interest Expense 31.0m / Debt 511.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 86.0m (EBIT 108.8m * (1 - 21.00%))
Current Ratio = 1.00 (Total Current Assets 211.3m / Total Current Liabilities 210.9m)
Debt / Equity = 0.59 (Debt 511.4m / totalStockholderEquity, last quarter 870.3m)
Debt / EBITDA = 2.25 (Net Debt 376.9m / EBITDA 167.8m)
Debt / FCF = 12.58 (Net Debt 376.9m / FCF TTM 30.0m)
Total Stockholder Equity = 842.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.13% (Net Income 87.0m / Total Assets 1.43b)
RoE = 10.32% (Net Income TTM 87.0m / Total Stockholder Equity 842.6m)
RoCE = 9.20% (EBIT 108.8m / Capital Employed (Equity 842.6m + L.T.Debt 339.9m))
RoIC = 6.25% (NOPAT 86.0m / Invested Capital 1.37b)
WACC = 6.15% (E(889.0m)/V(1.40b) * Re(6.94%) + D(511.4m)/V(1.40b) * Rd(6.06%) * (1-Tc(0.21)))
Discount Rate = 6.94% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -93.12 | Cagr: -3.53%
[DCF] Terminal Value 73.10% ; FCFF base≈41.7m ; Y1≈36.6m ; Y5≈29.6m
[DCF] Fair Price = 0.86 (EV 474.6m - Net Debt 376.9m = Equity 97.7m / Shares 113.8m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -41.51 | EPS CAGR: -13.11% | SUE: 1.40 | # QB: 2
Revenue Correlation: -22.10 | Revenue CAGR: -1.21% | SUE: 0.09 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.27 | Chg30d=+0.00% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.03 | Chg30d=+2.48% | Revisions=+25% | GrowthEPS=+223.4% | GrowthRev=+11.8%
EPS next Year (2027-12-31): EPS=0.70 | Chg30d=+9.37% | Revisions=+25% | GrowthEPS=-32.4% | GrowthRev=-9.7%
[Analyst] Revisions Ratio: +50% (up=3, down=0)