A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
SAFE BULKERS, INC.
SB
$854M
Mkt Cap
$8.38
+0.24%
ITEM 4.INFORMATION ON THE COMPANY A. History and Development of the Company Safe Bulkers, Inc. was incorporated in the Republic of the Marshall Islands on December 11, 2007, for the purpose of acquiring ownership of various subsidiaries that either owned or were scheduled to own vessels. Polys Hajioannou, our chief executive officer, has a long history of operating and investing in the international shipping industry, including a long history of vessel ownership. Vassos Hajioannou, the late father of Polys Hajioannou, our chief executive officer, first invested in shipping in 1958. Polys Hajioannou has been actively involved in the industry since 1987, when he joined the predecessor of Safety Management. Over the past 39 years under the leadership of Polys Hajioannou, we have sold or contracted to sell 31 drybulk vessels during periods of what we viewed as favorable second-hand market conditions and have contracted to acquire 72 drybulk newbuilds and 13 drybulk second-hand vessels.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 276M | 276M | 308M | 284M | 350M | 329M |
| Net Income | 31M | 31M | 89M | 69M | 164M | 164M |
| EPS | $0.30 | $0.30 | $0.83 | $0.61 | $1.36 | $1.44 |
| Free Cash Flow | 102M | 102M | 130M | 122M | 218M | 185M |
| ROIC | 7.0% | 8.6% | 14.8% | 14.0% | 24.3% | 33.1% |
| Gross Margin | 78.3% | 78.3% | 81.1% | 81.0% | 85.8% | 84.1% |
| Debt/Equity | 0.10 | 0.10 | 0.14 | 0.06 | 0.11 | 0.15 |
| Dividends/Share | $0.28 | $0.20 | $0.20 | $0.20 | $0.28 | $0.10 |
| Operating Income | 70M | 70M | 128M | 104M | 185M | 191M |
| Operating Margin | 25.4% | 25.4% | 41.7% | 36.6% | 52.8% | 58.2% |
| ROE | 3.7% | 3.7% | 10.7% | 8.8% | 21.2% | 24.1% |
| Shares Outstanding | 102M | 102M | 108M | 114M | 120M | 114M |
| Metric | TTM | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 154M | 127M | 110M | 148M | 193M | 198M | 198M | 329M | 350M | 284M | 308M | 276M | 276M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | 72.6% | 84.1% | 85.8% | 81.0% | 81.1% | 78.3% | 78.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 9.0M | 11M | 12M | 14M | 17M | 18M | 19M | 19M | 18M | 19M | 21M | 24M | 24M |
| EBIT | 27M | -32M | -31M | -69M | 56M | 44M | 10M | 191M | 185M | 104M | 128M | 70M | 70M |
| Op. Margin | 17.3% | -25.1% | -28.6% | -46.8% | 28.9% | 22.3% | 5.3% | 58.2% | 52.8% | 36.6% | 41.7% | 25.4% | 25.4% |
| Net Income | 5.2M | -62M | -70M | -99M | 16M | 4.3M | -25M | 164M | 164M | 69M | 89M | 31M | 31M |
| Net Margin | 3.4% | -48.8% | -63.8% | -67.0% | 8.4% | 2.2% | -12.8% | 49.7% | 46.8% | 24.4% | 29.1% | 11.1% | 11.1% |
| Non-Recurring | 4.0M | 1.4M | -2.8M | -120K | 0 | 0 | 0 | 12M | 0 | 10M | 17M | 4.6M | 4.6M |
| Returns on Capital | |||||||||||||
| ROIC | 2.8% | -5.2% | -6.1% | -9.9% | 6.0% | 4.8% | 2.5% | 33.1% | 24.3% | 14.0% | 14.8% | 8.6% | 7.0% |
| ROE | 0.7% | -9.8% | -12.1% | -21.7% | 3.5% | 0.9% | -5.7% | 24.1% | 21.2% | 8.8% | 10.7% | 3.7% | 3.7% |
| ROA | 0.4% | -4.7% | -6.0% | -9.6% | 1.5% | 0.4% | -2.3% | 14.9% | 13.1% | 5.2% | 6.4% | 2.2% | 2.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 44M | 26M | 13M | 50M | 85M | 58M | 63M | 217M | 218M | 122M | 130M | 102M | 102M |
| Free Cash Flow | 44M | 26M | 13M | 50M | 85M | 58M | 63M | 185M | 218M | 122M | 130M | 102M | 102M |
| Owner Earnings | 528K | -22M | -36M | -1.4M | 37M | 7.9M | 9.0M | 165M | 168M | 68M | 72M | 42M | 42M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32M | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 43M | 47M | 49M | 51M | 48M | 50M | 54M | 52M | 50M | 54M | 58M | 60M | 60M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | N/A | N/A | N/A | N/A | 0 |
| D&A | 43M | 47M | 49M | 51M | 48M | 50M | 54M | 52M | 50M | 54M | 58M | 60M | 60M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 26M | 18M | 14M | 12M | 11M | 11M | 11M | 11M | 34M | 31M | 30M | 29M | 29M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.4% |
| Share Buybacks | 0 | 0 | 120K | 0 | 617K | 4.2M | 6.0M | 0 | 9.1M | 26M | 29M | 11M | 11M |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% |
| Stock-Based Comp | 120K | 120K | 120K | 120K | 120K | 120K | 120K | 120K | 120K | 144K | 150K | 150K | 150K |
| Debt Repayment | 133M | 244M | 149M | 123M | 180M | 151M | 82M | 435M | 191M | 165M | 212M | 225M | 225M |
| Balance Sheet | |||||||||||||
| Net Debt | 249M | 385M | 419M | 475M | 471M | 443M | -29M | -100M | -11M | -46M | 35M | -62M | -57M |
| Cash & Equiv. | 107M | 131M | 82M | 46M | 52M | 79M | 90M | 101M | 49M | 48M | 81M | 142M | 142M |
| Long-Term Debt | 448M | 569M | 570M | 542M | 539M | 537M | 76M | 40M | 44M | 25M | 58M | 42M | 42M |
| Debt/Equity | 0.66 | 1.02 | 1.01 | 1.24 | 1.23 | 1.27 | 0.34 | 0.15 | 0.11 | 0.06 | 0.14 | 0.10 | 0.10 |
| Interest Coverage | 3.2 | -2.7 | -1.6 | -3.0 | 2.2 | 1.6 | 0.5 | 13.0 | 10.8 | 4.2 | 4.1 | 2.3 | 2.3 |
| Equity | 700M | 634M | 579M | 456M | 466M | 473M | 445M | 679M | 772M | 793M | 832M | 831M | 831M |
| Total Assets | 1.2B | 1.3B | 1.2B | 1.0B | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | 1.4B | 1.4B | 1.4B |
| Total Liabilities | 476M | 675M | 595M | 579M | 593M | 625M | 643M | 415M | 474M | 547M | 571M | 572M | 572M |
| Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 330M | 264M | 194M | 95M | 111M | 116M | 90M | 254M | 393M | 439M | 507M | 517M | 517M |
| Working Capital | 109M | 137M | 87M | 42M | 47M | 49M | 30M | 35M | 66M | 91M | 79M | 132M | 132M |
| Current Assets | 136M | 243M | 111M | 79M | 101M | 136M | 135M | 124M | 158M | 147M | 165M | 201M | 201M |
| Current Liabilities | 27M | 106M | 24M | 37M | 55M | 87M | 105M | 89M | 91M | 56M | 86M | 69M | 69M |
| Per Share Data | |||||||||||||
| EPS | 0.06 | -0.74 | -0.83 | -0.98 | 0.16 | 0.04 | -0.25 | 1.44 | 1.36 | 0.61 | 0.83 | 0.30 | 0.30 |
| Owner EPS | 0.01 | -0.26 | -0.43 | -0.01 | 0.37 | 0.07 | 0.09 | 1.45 | 1.40 | 0.60 | 0.67 | 0.41 | 0.41 |
| Book Value | 8.01 | 7.55 | 6.86 | 4.51 | 4.57 | 4.36 | 4.39 | 5.98 | 6.42 | 6.97 | 7.72 | 8.15 | 8.15 |
| Cash Flow/Share | 0.50 | 0.30 | 0.16 | 0.50 | 0.84 | 0.54 | 0.63 | 1.91 | 1.81 | 1.07 | 1.21 | 1.00 | 0.89 |
| Dividends/Share | 0.22 | 0.04 | 0.00 | 0.00 | 0.11 | 0.11 | 0.11 | 0.10 | 0.28 | 0.20 | 0.20 | 0.20 | 0.28 |
| Shares Out. | 87.4M | 84.0M | 84.3M | 101.2M | 101.9M | 108.5M | 101.3M | 113.6M | 120.3M | 113.7M | 107.7M | 101.9M | 101.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 27.9 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.3 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 11.4 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.0 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.1 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.0% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 854M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.38 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.38 |
SAFE BULKERS, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 18.9% with a gross margin of 82.1%. Total shareholder yield (dividends + buybacks) is 4.6%.
SAFE BULKERS, INC. (SB) has a current P/E ratio of 27.9.
SAFE BULKERS, INC. (SB) has a 5-year average return on invested capital (ROIC) of 18.9%. This indicates strong capital allocation and a potential competitive advantage.
SAFE BULKERS, INC. (SB) has a market capitalization of $854M. It is classified as a small-cap stock.
Yes, SAFE BULKERS, INC. (SB) pays a dividend with a trailing twelve-month yield of 3.35%. The company also returns capital through share buybacks, with a buyback yield of 1.29%.
SAFE BULKERS, INC. (SB) reported annual revenue of $276 million in its most recent fiscal year, based on SEC EDGAR filings.
SAFE BULKERS, INC. (SB) has a net profit margin of 11.1%. This is a healthy margin.
SAFE BULKERS, INC. (SB) generated $102 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SAFE BULKERS, INC. (SB) has a debt-to-equity ratio of 0.10. This indicates a conservatively financed balance sheet.
SAFE BULKERS, INC. (SB) reported earnings per share (EPS) of $0.30 in its most recent fiscal year.
SAFE BULKERS, INC. (SB) has a return on equity (ROE) of 3.7%. This indicates moderate shareholder returns.
SAFE BULKERS, INC. (SB) has a 5-year average gross margin of 82.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for SAFE BULKERS, INC. (SB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SAFE BULKERS, INC. (SB) has a book value per share of $8.15, based on its most recent annual SEC filing.