YOLFTbeta
Safe Bulkers Inc

Safe Bulkers Inc

SB-PC · NYSE · Industrials / Marine Shipping

25.68USD-0.44 (-1.68%)

Price History

Full chart

Market Stats

Previous Close26.12
Open25.68
Day Range25.68 – 25.68
52-Week Range23.75 – 26.54
Volume223
Market Cap184.64M
P/E (TTM)17.29
Forward P/E0.00
EPS1.51
Dividend Yield7.66%
Beta0.85
50-Day Avg26.30
200-Day Avg26.15

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 Revenue-22.19M28.50M34.10M43.41M51.48M74.08M89.56M113.15M120.46M106.68M108.15M117.96M132.59M165.94M134.17M139.70M165.00M167.46M176.68M
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%
R&D---------0000-------
R&D as % of Total Revenue---------0.00%0.00%0.00%0.00%-------
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 Liabilities306.73M353.26M517.83M531.50M561.24M545.43M656.36M533.88M482.23M675.49M595.22M578.75M593.37M624.70M642.77M415.08M474.00M547.30M571.48M572.48M
Total Equity229.05M54.40M-35.55M97.22M244.13M331.84M425.86M578.34M700.10M634.15M578.54M456.35M482.83M489.94M462.86M679.24M771.92M792.51M831.62M830.71M
Cash--60.33M24.83M65.33M28.12M125.52M71.42M118.25M195.25M82.81M47.86M52.19M78.94M93.44M101.00M50.19M50.21M84.08M153.15M
Total Debt142.73M322.89M468.29M436.74M494.74M484.29M615.67M508.30M469.57M646.87M581.96M567.40M574.69M601.05M607.67M377.65M414.36M507.92M536.64M540.14M
Net Debt142.73M322.89M407.96M411.91M429.41M456.17M490.14M436.87M351.32M451.62M499.14M519.54M522.50M522.11M514.23M276.65M364.18M457.71M452.56M387.00M

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-34.78M8.60M-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 Expenditure0089.57M131.47M192.42M160.97M136.84M118.89M146.30M123.54M58.37M59.94M45.93M39.24M50.44M109.23M183.28M209.10M144.78M41.99M
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%

Key Statistics & Ratios

Market Cap184.64M
Enterprise Value3.03B
Trailing P/E17.29
Forward P/E0.00
Price / Sales0.67
Price / Book0.00
EPS1.51
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 Outstanding101.56M
Shares Float51.07M
Beta0.85
Dividend Yield7.66%
Dividend Rate2.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
0.00%
Insiders
1.49%
Retail / Other
98.51%

Top Institutional Holders

  • CURIO WEALTH, LLC
    00.00%

Dividends

20264×
0.50Oct 16, 20260.50Jul 17, 20260.50Apr 17, 20260.50Jan 16, 2026
20254×
0.50Oct 16, 20250.50Jul 18, 20250.50Apr 17, 20250.50Jan 17, 2025
20244×
0.50Oct 18, 20240.50Jul 19, 20240.50Apr 17, 20240.50Jan 18, 2024
20234×
0.50Oct 17, 20230.50Jul 19, 20230.50Apr 19, 20230.50Jan 19, 2023
20224×
0.50Oct 20, 20220.50Jul 21, 20220.50Apr 19, 20220.50Jan 19, 2022
20214×
0.50Oct 21, 20210.50Jul 22, 20210.50Apr 22, 20210.50Jan 21, 2021