SB Stock Analysis: Safe Bulkers | NYSE
Marine Shipping | NYSE, USA | Market Cap: 868m USD | 12M Return: 109.7% | MHY7388L1039 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.39M
EPS Trend: -41.5%
Qual. Beats: 2
Rev. Trend: -22.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.6 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. Founded in 2007 and listed on the NYSE since May 2008, the company operates a fleet of 45 drybulk vessels-comprising 8 Panamax, 12 Kamsarmax, 17 post-Panamax, and 8 Capesize class vessels-with an aggregate carrying capacity of 4,559,000 deadweight tons. The company is classified as a small-cap stock within the Industrials sector (Marine Transportation sub-industry), with a market capitalization of approximately $682 million USD.
The drybulk shipping industry is highly cyclical, with vessel deployment and freight rates closely tied to global commodity demand and international trade flows. Drybulk carriers typically earn revenue through a mix of spot, voyage, and time charter contracts, with profitability sensitive to fleet supply, bunker fuel costs, and the balance between major commodity-exporting and commodity-importing regions.
- Baltic Dry Index volatility swings daily charter rates
- China steel and iron ore demand drives Capesize utilization
- IMO emissions regulations pressure fleet renewal capex
| 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 September 01, 2026, the stock is trading at USD 8.63 with a total of 726,724 shares traded. Over the past week, the price has changed by -0.23%, over one month by +11.62%, over three months by +32.94% and over the past year by +109.66%.
Current recommended Stop Loss: 8.20 (which is 5% 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 | 8.5 | -1.5% |
P/E Trailing = 10.9231
P/E Forward = 2.0986
P/S = 2.8215
P/B = 0.9852
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 = 1.24b USD (867.6m + Debt 511.4m - CCE 134.5m)
Interest Coverage Ratio = 3.51 (Ebit TTM 108.8m / Interest Expense TTM 31.0m)
EV/FCF = 41.52x (Enterprise Value 1.24b / FCF TTM 30.0m)
FCF Yield = 2.41% (FCF TTM 30.0m / Enterprise Value 1.24b)
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 = 0.87 (Enterprise Value 1.24b / 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 = 6.50% (E(867.6m)/V(1.38b) * Re(7.51%) + D(511.4m)/V(1.38b) * Rd(6.06%) * (1-Tc(0.21)))
Discount Rate = 7.51% (= 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 = 0.96 (EV 474.6m - Net Debt 376.9m = Equity 97.7m / Shares 101.8m; 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=+15.22% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.01 | Chg30d=+14.12% | Revisions=+25% | GrowthEPS=+215.6% | GrowthRev=+10.4%
EPS next Year (2027-12-31): EPS=0.64 | Chg30d=+21.90% | Revisions=+25% | GrowthEPS=-36.6% | GrowthRev=-10.7%
[Analyst] Revisions Ratio: +50% (up=3, down=0)