SB

Safe Bulkers, Inc.

Fundamental data last updated:August 12, 2026

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company profile

SECTOR

Industrials

industry

Marine Shipping

Exchange

NYSE

County of HQ

MC

Next Earnings Date

Pending Announcement

Business Summary

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

 


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VALUATION

P/E

17.46

Market Cap ($M USD)

$673.32M

Forward P/E

7.95

PEG

0.07

PRICE TO SALES

2.44

PRICE TO BOOK

0.81

EV / EBITDA

8.02

5-Year Average P/E

Free Cash Flow Yield

10.26%

DCF Value

$1.83

Graham Number

$8.30

Price to FCF

9.74

EV to FCF

15.34

Earnings Yield

5.73%

FCF Yield

10.26%

DIVIDEND

Yield

3.04%

Annual Payout

$0.20

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.38

Next Year EPS Growth Estimate

$0.83

Next Year Revenue Growth Estimate

$237.66M

Return on Equity (ROE)

4.68%

FREE CASH FLOW

Operating Margin

25.10%

Debt-to-Equity

0.65

Piotroski F-Score

6

Altman Z-Score

1.21

Return on Invested Capital (ROIC)

5.19%

Current Ratio

2.90

Quick Ratio

2.90

Net Debt to EBITDA

2.93

Interest Coverage

2.05

Gross Profit margin

35.93%

FCF PER SHARE

$0.68

REVENUE PER SHARE

$2.69

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Gainseekers Quantitative Analysis

Summary

Safe Bulkers, Inc. presents a perplexing valuation scenario. Despite a market cap suggesting significant scale, the stock’s snapshot price traded dramatically above its DCF value, hinting at potential overvaluation. The Forward P/E of 8.49 suggests optimism for future earnings growth, yet the Altman Z-score of 1.23 raises red flags about financial distress. The Earnings Yield of 5.36% is modest, indicating limited immediate returns. Overall, the market seems to be pricing in perfection, ignoring underlying risks.

AI Exposure / Tech Reliance

In the marine shipping industry, Safe Bulkers, Inc. faces unique challenges and opportunities with AI and tech advancements. The sector's reliance on logistics and operational efficiency could benefit from AI-driven optimizations. However, the capital-intensive nature of shipping may slow tech adoption compared to more agile industries.

The Bull Case

For the value-driven investor, Safe Bulkers offers compelling reasons to buy. The ROIC of 5.19% and a Piotroski F-Score of 6 suggest competent capital allocation and financial health. With a Free Cash Flow Yield of 9.61%, the company demonstrates strong cash generation capabilities. Its operating margin of 25.10% underscores robust pricing power, making it an attractive play for those seeking growth at a reasonable price.

The Bear Case

Despite some strengths, Safe Bulkers is not without its pitfalls. The Altman Z-score indicates potential financial instability, and the stock's price is extended near its 52-week high, suggesting technical overextension. The EV to FCF ratio of 16.01 implies a premium valuation, while the Price to Book ratio below 1.0 might hint at undervaluation, yet it could also reflect market skepticism about asset quality. These factors combined suggest caution for prospective investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$4.20

Institutional Ownership %

1-Year Beta

0.90

Insider Buying % (6 Mo)

Distance to 52-Week High

12.16%

Distance to 52-Week Low

45.90%

EARNINGS SURPRISE %

0.00%

50-DAY SMA

$6.63

200-DAY SMA

$5.42

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.