SB Stock Analysis: Safe Bulkers | NYSE
Marine Shipping | NYSE, USA | Market Cap: 705m USD | 12M Return: 75.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.35M
EPS Trend: -75.9%
Qual. Beats: 1
Rev. Trend: -57.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 53.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.60 > 1.0 |
| NWC/Revenue: 23.79% < 20% (prev 22.35%; Δ 1.44% < -1%) |
| CFO/TA 0.08 > 3% & CFO 107.6m > Net Income 53.5m |
| Net Debt (372.2m) to EBITDA (142.8m): 2.61 < 3 |
| Current Ratio: 1.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (102.2m) vs 12m ago -2.75% < -2% |
| Gross Margin: 38.90% > 18% (prev 42.23%; Δ -3.32% > 0.5%) |
| Asset Turnover: 20.40% > 50% (prev 21.02%; Δ -0.62% > 0%) |
| Interest Coverage Ratio: 2.54 > 6 (EBIT TTM 83.2m / Interest Expense TTM 32.7m) |
| A: 0.05 (Total Current Assets 249.4m - Total Current Liabilities 181.4m) / Total Assets 1.42b |
| B: 0.36 (Retained Earnings 517.3m / Total Assets 1.42b) |
| C: 0.06 (EBIT TTM 83.2m / Avg Total Assets 1.40b) |
| D: 1.46 (Book Value of Equity 843.2m / Total Liabilities 577.2m) |
| Altman-Z'' = 3.43 = A |
As of July 13, 2026, the stock is trading at USD 6.90 with a total of 329,113 shares traded. Over the past week, the price has changed by +7.81%, over one month by +0.95%, over three months by +6.35% and over the past year by +75.78%.
Current recommended Stop Loss: 6.30 (which is 8.7% or 2.3 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 | 7.4 | 7% |
P/E Trailing = 15.3333
P/E Forward = 2.0986
P/S = 2.4586
P/B = 0.8333
P/EG = 3.33
Revenue TTM = 285.8m USD
EBIT TTM = 83.2m USD
EBITDA TTM = 142.8m USD
Long Term Debt = 388.9m USD (from longTermDebt, last quarter)
Short Term Debt = 155.1m USD (from shortTermDebt, last quarter)
Debt = 544.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 372.2m USD (calculated: Debt 544.0m - CCE 171.8m)
Enterprise Value = 1.08b USD (705.5m + Debt 544.0m - CCE 171.8m)
Interest Coverage Ratio = 2.54 (Ebit TTM 83.2m / Interest Expense TTM 32.7m)
EV/FCF = 16.43x (Enterprise Value 1.08b / FCF TTM 65.6m)
FCF Yield = 6.09% (FCF TTM 65.6m / Enterprise Value 1.08b)
FCF Margin = 22.95% (FCF TTM 65.6m / Revenue TTM 285.8m)
Net Margin = 18.73% (Net Income TTM 53.5m / Revenue TTM 285.8m)
Gross Margin = 38.90% ((Revenue TTM 285.8m - Cost of Revenue TTM 174.6m) / Revenue TTM)
Gross Margin QoQ = 45.29% (prev 42.04%)
Tobins Q-Ratio = 0.76 (Enterprise Value 1.08b / Total Assets 1.42b)
Interest Expense / Debt = 6.01% (Interest Expense 32.7m / Debt 544.0m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 65.8m (EBIT 83.2m * (1 - 21.00%))
Current Ratio = 1.37 (Total Current Assets 249.4m / Total Current Liabilities 181.4m)
Debt / Equity = 0.65 (Debt 544.0m / totalStockholderEquity, last quarter 843.2m)
Debt / EBITDA = 2.61 (Net Debt 372.2m / EBITDA 142.8m)
Debt / FCF = 5.67 (Net Debt 372.2m / FCF TTM 65.6m)
Total Stockholder Equity = 828.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.82% (Net Income 53.5m / Total Assets 1.42b)
RoE = 6.46% (Net Income TTM 53.5m / Total Stockholder Equity 828.9m)
RoCE = 6.83% (EBIT 83.2m / Capital Employed (Equity 828.9m + L.T.Debt 388.9m))
RoIC = 4.77% (NOPAT 65.8m / Invested Capital 1.38b)
WACC = 6.64% (E(705.5m)/V(1.25b) * Re(8.09%) + D(544.0m)/V(1.25b) * Rd(6.01%) * (1-Tc(0.21)))
Discount Rate = 8.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.11 | Cagr: -3.85%
[DCF] Terminal Value 77.97% ; FCFF base≈61.6m ; Y1≈70.6m ; Y5≈103.9m
[DCF] Fair Price = 11.65 (EV 1.56b - Net Debt 372.2m = Equity 1.19b / Shares 102.2m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -75.94 | EPS CAGR: -24.37% | SUE: 3.20 | # QB: 1
Revenue Correlation: -57.06 | Revenue CAGR: -3.31% | SUE: 0.08 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.22 | Chg30d=+29.41% | Revisions=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.25 | Chg30d=+8.70% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.98 | Chg30d=+20.99% | Revisions=+25% | GrowthEPS=+206.2% | GrowthRev=+5.8%
EPS next Year (2027-12-31): EPS=0.47 | Chg30d=+4.44% | Revisions=+25% | GrowthEPS=-52.0% | GrowthRev=-10.6%