YOLFTbeta
Safe Bulkers Inc

Safe Bulkers Inc

SB · NYSE · Industrials / Marine Shipping

8.29USD+0.18 (+2.22%)

Price History

Full chart

Market Stats

Previous Close8.11
Open8.12
Day Range8.00 – 8.31
52-Week Range3.99 – 9.31
Volume1.47M
Market Cap926.60M
P/E (TTM)10.57
Forward P/E2.10
EPS0.77
Dividend Yield3.69%
Beta0.85
50-Day Avg8.12
200-Day Avg6.64

About

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services internationally. The company owns and operates a fleet of dry bulk vessels for transporting bulk cargoes comprising coal, grain, and iron ore. Its fleet consists of 45 vessels, including 8 Panamax class vessels, 12 Kamsarmax class vessels, 17 post-Panamax class vessels, and 8 Capesize class vessels with an aggregate carrying capacity of 4,559,000 deadweight tons. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

Company Details

  • SectorIndustrials
  • IndustryMarine Shipping
  • CEOMr. Polys Hajioannou
  • Employees10
  • HeadquartersLes Acanthes, Monaco, Monaco, 98000, USA
  • Websitehttps://www.safebulkers.com

Leadership

  • Mr. Polys HajioannouChairman & CEO · b. 1967
  • Dr. Loukas BarmparisPresident, Secretary & Director · b. 1963
  • Mr. Konstantinos AdamopoulosCFO, Treasurer & Director · b. 1963
  • Mr. Ioannis FoteinosCOO & Director · b. 1959

Financials

Income Statement

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue95.31M165.85M200.77M164.61M157.02M168.91M184.30M186.72M154.09M127.32M109.77M148.03M193.19M197.76M198.16M329.03M349.72M284.40M307.63M275.74M
Growth (%)-+74.01%+21.06%-18.01%-4.61%+7.57%+9.11%+1.32%-17.47%-17.38%-13.78%+34.85%+30.51%+2.37%+0.20%+66.04%+6.29%-18.68%+8.17%-10.37%
Cost of Revenue17.22M22.19M28.50M34.10M43.41M51.48M74.08M89.56M113.15M120.46M106.68M108.15M117.96M132.59M165.94M134.17M139.70M165.00M167.46M176.68M
Gross Profit95.31M143.66M172.27M130.51M113.61M117.43M110.22M97.16M40.95M6.86M3.09M39.88M75.23M65.17M32.22M194.87M210.02M119.41M140.17M99.06M
Gross Margin100.00%86.62%85.80%79.29%72.35%69.52%59.81%52.03%26.57%5.39%2.81%26.94%38.94%32.95%16.26%59.22%60.05%41.98%45.56%35.93%
Operating Expense-12.82M25.09M8.61M7.05M7.02M8.70M9.95M11.36M17.33M16.05M15.38M16.12M19.24M20.64M21.50M22.50M25.37M25.63M28.30M29.85M
Operating Income108.13M118.56M163.66M123.46M106.59M108.73M100.27M85.80M23.61M-9.19M-12.29M23.76M55.99M44.53M10.72M172.37M184.65M93.77M111.87M69.21M
Operating Margin113.45%71.49%81.52%75.00%67.88%64.37%54.41%45.95%15.33%-7.22%-11.20%16.05%28.98%22.52%5.41%52.39%52.80%32.97%36.37%25.10%
EBITDA92.22M227.01M146.22M189.75M135.74M119.21M138.67M130.99M68.66M13.87M17.89M-7.57M104.23M95.72M64.96M245.13M242.57M159.42M190.46M132.25M
EBITDA Margin96.76%136.88%72.83%115.28%86.45%70.58%75.24%70.15%44.56%10.90%16.30%-5.12%53.95%48.40%32.78%74.50%69.36%56.06%61.91%47.96%
Net Income97.22M209.20M119.21M165.41M109.65M89.73M96.12M83.26M14.63M-47.94M-55.97M-84.68M27.68M16.04M-12.90M174.35M172.55M77.35M97.38M38.56M
Net Income Margin102.01%126.14%59.38%100.49%69.83%53.13%52.16%44.59%9.50%-37.66%-50.98%-57.20%14.33%8.11%-6.51%52.99%49.34%27.20%31.65%13.99%
Interest Expense6.14M8.22M16.39M10.45M6.42M5.84M10.30M10.34M10.94M14.69M24.37M25.68M28.48M29.37M23.60M18.41M20.50M27.94M34.95M33.80M
Interest Expense % of Total Revenue6.44%4.96%8.16%6.35%4.09%3.46%5.59%5.54%7.10%11.53%22.20%17.35%14.74%14.85%11.91%5.60%5.86%9.83%11.36%12.26%

Balance Sheet

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets535.78M407.66M482.28M628.72M805.37M877.27M1.08B1.11B1.18B1.31B1.17B1.04B1.08B1.11B1.11B1.09B1.25B1.34B1.40B1.40B
Total Liabilities306.73M353.26M517.83M531.50M561.24M545.43M656.36M533.88M482.23M675.49M595.22M578.75M593.37M624.70M660.88M415.08M474.00M547.30M571.48M572.48M
Total Equity229.05M54.40M-35.55M97.22M244.13M331.84M425.86M578.34M700.10M634.15M578.54M456.35M482.83M489.94M444.75M679.24M771.92M792.51M831.62M830.71M
Cash--60.33M24.83M65.33M28.12M125.52M71.42M118.25M195.25M82.81M47.86M51.88M78.94M90.04M101.00M50.19M50.21M84.08M153.15M
Total Debt142.73M322.89M468.29M436.74M494.74M484.29M615.67M508.30M469.57M646.87M581.96M567.40M591.69M618.25M625.78M377.65M414.36M507.92M536.64M540.14M
Net Debt142.73M322.89M407.96M411.91M429.41M456.17M490.14M436.87M351.32M451.62M499.14M519.54M522.81M522.11M517.63M276.65M364.18M457.71M452.56M387.00M

Cash Flow

Currency: USD2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-12.81M278.51M259.60M211.34M118.15M107.19M105.06M100.59M43.73M25.52M13.50M49.20M85.45M58.28M63.38M217.20M218.00M122.21M130.46M102.29M
Investing Cash Flow-33.84M88.42M-148.22M-191.86M-131.71M-125.89M-158.15M-100.34M-67.01M-182.18M21.30M-38.20M-63.67M-36.78M-34.78M8.55M-229.40M-151.73M-71.73M9.70M
Financing Cash Flow46.64M-366.92M-83.67M-28.74M60.14M-18.51M127.68M-38.30M65.92M180.09M-83.90M-46.70M-15.58M8.54M-9.29M-225.90M-40.10M29.14M-25.86M-52.37M
Capital Expenditure110.21M127.88M89.57M131.47M192.42M160.97M136.84M118.89M146.30M123.54M58.37M59.94M45.93M39.24M50.44M109.23M183.28M209.10M144.78M41.99M
Free Cash Flow-12.81M278.51M170.03M79.86M-74.27M-53.78M-31.78M-18.30M-102.57M-98.02M-44.87M-10.74M39.52M19.04M12.93M107.97M34.72M-86.90M-14.32M60.30M
Dividends Paid-383.85M209.24M32.71M37.82M41.78M37.46M17.74M25.91M17.54M14.05M12.32M11.39M11.49M11.50M11.20M33.63M30.68M29.50M28.61M
FCF to OCF100.00%100.00%65.50%37.79%-62.86%-50.17%-30.25%-18.19%-234.54%-384.06%-332.39%-21.84%46.25%32.67%20.41%49.71%15.93%-71.11%-10.97%58.95%
Dividend Paid to FCF-137.83%123.06%40.95%-50.92%-77.69%-117.88%-96.95%-25.27%-17.89%-31.31%-114.64%28.82%60.36%88.90%10.37%96.84%-35.30%-206.06%47.45%

Earnings

Report DateAug 11, 2008Nov 3, 2008Feb 9, 2009May 21, 2009Sep 8, 2009Nov 3, 2009Feb 9, 2010May 10, 2010Jul 27, 2010Nov 8, 2010Feb 9, 2011May 3, 2011Jul 21, 2011Oct 17, 2011Feb 14, 2012May 8, 2012Aug 6, 2012Nov 14, 2012Feb 20, 2013May 15, 2013Aug 21, 2013Nov 4, 2013Feb 26, 2014May 28, 2014Jul 29, 2014Nov 5, 2014Feb 26, 2015Jun 8, 2015Jul 30, 2015Nov 9, 2015Feb 10, 2016Jun 2, 2016Jul 28, 2016Oct 31, 2016Feb 23, 2017May 18, 2017Jul 26, 2017Oct 31, 2017Feb 14, 2018May 31, 2018Jul 25, 2018Nov 7, 2018Feb 19, 2019May 28, 2019Sep 3, 2019Oct 24, 2019Feb 26, 2020Jun 8, 2020Aug 4, 2020Nov 11, 2020Feb 15, 2021May 5, 2021Jul 28, 2021Nov 3, 2021Mar 9, 2022May 25, 2022Jul 27, 2022Nov 9, 2022Feb 14, 2023May 10, 2023Jul 26, 2023Nov 7, 2023Feb 12, 2024Apr 29, 2024Jul 29, 2024Nov 13, 2024Feb 18, 2025May 19, 2025Jul 29, 2025Nov 25, 2025Feb 18, 2026Jun 11, 2026Jul 28, 2026
EPS Estimate0.640.660.680.640.590.460.450.440.390.390.400.380.350.340.360.290.300.290.290.200.190.140.180.100.08-0.010.03-0.02-0.08-0.05-0.11-0.17-0.16-0.15-0.10-0.09-0.05-0.05-0.010.020.050.070.080.010.020.060.05-0.10-0.09-0.050.020.110.230.390.390.280.310.280.240.140.090.090.170.190.190.170.140.030.070.100.140.090.22
EPS Actual0.680.720.621.140.580.410.450.580.370.410.470.410.360.370.340.320.310.300.270.210.190.160.380.100.02-0.030.01-0.10-0.09-0.12-0.13-0.21-0.15-0.15-0.09-0.07-0.07-0.050.020.030.020.050.070.03-0.010.030.01-0.13-0.160.000.040.140.310.400.390.240.400.390.290.100.120.080.230.200.170.160.150.050.010.120.140.180.28
Surprise6.25%9.09%-8.82%78.13%-1.69%-10.87%0.00%31.82%-5.13%5.13%17.50%7.89%2.86%8.82%-5.56%10.34%3.33%3.45%-6.90%5.00%0.00%14.29%111.11%0.00%-75.00%-200.00%-66.67%-400.00%-12.50%-140.00%-18.18%-23.53%6.25%0.00%10.00%22.22%-40.00%0.00%300.00%50.00%-60.00%-28.57%-12.50%200.00%-150.00%-50.00%-80.00%-30.00%-77.78%105.60%100.00%27.27%34.78%2.56%0.00%-14.29%29.03%39.29%20.83%-28.57%33.33%-11.11%35.29%5.26%-10.53%-5.88%7.14%66.67%-85.71%20.00%0.00%100.00%27.27%
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap926.60M
Enterprise Value1.33B
Trailing P/E10.57
Forward P/E2.10
PEG Ratio3.33
Price / Sales3.01
Price / Book1.09
EPS0.77
Book Value8.55
Revenue (TTM)307.50M
Gross Profit (TTM)195.70M
EBITDA161.32M
Profit Margin28.29%
Operating Margin41.06%
Return on Equity10.32%
Return on Assets4.51%
Shares Outstanding113.83M
Shares Float51.07M
Beta0.85
Dividend Yield3.69%
Dividend Rate0.30
Payout Ratio32.64%

Analyst Ratings

Strong Buy
Based on 2 analystsTarget 9.50
  • Strong Buy
    2

Ownership Breakdown

Institutions
34.62%
Insiders
43.94%
Retail / Other
21.44%

Top Institutional Holders

  • The Goldman Sachs Group Inc
    5.13M5.03%
  • Renaissance Technologies Corp
    3.56M3.49%
  • BlackRock Inc
    3.06M3.00%
  • Fearnley Asset Management AS
    1.88M1.85%
  • Two Sigma Investments LLC
    1.77M1.74%
  • Arrowstreet Capital Limited Partnership
    1.71M1.68%
  • State Street Corp
    1.59M1.56%
  • LSV Asset Management
    1.58M1.55%
  • American Century Companies Inc
    1.34M1.32%
  • Ameriprise Financial Inc
    1.27M1.25%
  • Bridgeway Capital Management, LLC
    1.21M1.18%
  • UBS Group AG
    1.09M1.07%
  • JPMorgan Chase & Co
    801.79K0.79%
  • Morgan Stanley - Brokerage Accounts
    764.42K0.75%
  • Empowered Funds, LLC
    663.73K0.65%
  • Connor Clark & Lunn Inv Mgmt Ltd
    644.88K0.63%

Top Fund Holders

  • Avantis US Small Cap Value ETF
    1.60M1.57%
  • iShares Russell 2000 ETF
    1.43M1.40%
  • Goldman Sachs Small Cp Val Insghts Instl
    746.09K0.73%
  • EA Bridgeway Omni Small-Cap Value ETF
    683.31K0.67%

Dividends

20263×
0.07Aug 13, 20260.06Jun 30, 20260.05Mar 2, 2026
20254×
0.05Dec 8, 20250.05Aug 21, 20250.05Jun 6, 20250.05Mar 3, 2025
20244×
0.05Dec 2, 20240.05Aug 21, 20240.05May 16, 20240.05Feb 29, 2024
20234×
0.05Nov 24, 20230.05Aug 17, 20230.05May 25, 20230.05Feb 28, 2023
20224×
0.05Nov 25, 20220.05Aug 19, 20220.05Jun 7, 20220.05Mar 18, 2022
20153×
0.01Aug 14, 20150.01Jun 17, 20150.02Mar 6, 2015
20142×
0.04Nov 19, 20140.06Aug 15, 2014