Symbols / SB Stock $6.60 -1.20% Safe Bulkers, Inc.

Industrials • Marine Shipping • Monaco • NYQ
SB (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Marine Shipping
CEO Mr. Polys Hajioannou
Exch · Country NYQ · Monaco
Market Cap 675.37M
Enterprise Value 1.07B
Income 30.56M
Sales 275.74M
FCF (ttm) 36.88M
Book/sh 8.12
Cash/sh 1.54
Employees 10
Insider 10d —
IPO May 30, 2008
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 66.67%
P/E 22.00
Forward P/E 14.35
PEG 3.33
P/S 2.45
P/B 0.81
P/C —
EV/EBITDA 8.51
EV/Sales 3.86
Quick Ratio 2.46
Current Ratio 2.90
Debt/Eq 65.02
LT Debt/Eq —
EPS (ttm) 0.30
EPS next Y 0.46
EPS Growth -41.10%
Revenue Growth 1.50%
EPS Gr Q/Q -38.90%
Rev Gr Q/Q —
Earnings (next) 2026-05-18
Earnings (prior) 2026-02-18
ROA 2.91%
ROE 4.64%
ROIC —
Gross Margin 57.90%
Oper. Margin 25.79%
Profit Margin 13.98%
Shs Outstand 102.24M
Shs Float 51.34M
Insider Own 47.32%
Instit Own 33.31%
Short Float 5.31%
Short Ratio 3.09
Short Interest 1.80M
52W High 6.78
vs 52W High -2.65%
52W Low 3.32
vs 52W Low 98.80%
Beta 1.08
Impl. Vol. 26.61%
Rel Volume 0.27
Avg Volume 677.11K
Volume 185.59K
Target (mean) $5.70
Tgt Median $5.70
Tgt Low $5.70
Tgt High $5.70
# Analysts 1
Recom None
Prev Close $6.68
Price $6.60
Change -1.20%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.70
Mean price target
2. Current target
$6.60
Latest analyst target
3. DCF / Fair value
$6.49
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.60
Low
$5.70
High
$5.70
Mean
$5.70

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-26 main Jefferies Buy → Buy $6
2025-05-20 main Jefferies Buy → Buy $5
2025-02-19 main Jefferies Buy → Buy $6
2024-11-14 main Jefferies Buy → Buy $6
2023-05-11 main Jefferies Hold → Hold $4
2023-02-16 reit Jefferies — → Hold $3
2022-09-26 down Jefferies Buy → Hold $4
2021-09-13 init HC Wainwright & Co. — → Buy $7
2021-05-06 main Jefferies — → Hold $4
2021-02-17 main Jefferies — → Hold $3
2021-02-01 up Stifel Hold → Buy $3
2021-01-29 down Jefferies Buy → Hold $2
2020-10-23 main Jefferies — → Buy $2
2020-10-19 main Stifel — → Hold $2
2020-07-29 up DNB Markets Hold → Buy $2
2020-03-02 main Citigroup — → Sell $0
2018-11-09 up Jefferies Hold → Buy $4
2018-10-18 up Evercore ISI Group In-Line → Outperform $5
2018-07-31 up Seaport Global Neutral → Buy $5
2018-04-17 main Morgan Stanley Equal-Weight → Equal-Weight $4
News
RSS: Latest SB news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
275.74
-10.37%
307.63
+8.17%
284.40
-18.68%
349.72
Operating Revenue
284.38
-10.17%
316.55
+8.99%
290.44
-17.25%
351.01
Cost Of Revenue
176.68
+5.50%
167.46
+1.50%
165.00
+18.11%
139.70
Reconciled Cost Of Revenue
176.68
+5.50%
167.46
+1.50%
165.00
+18.11%
139.70
Gross Profit
99.06
-29.33%
140.17
+17.39%
119.41
-43.15%
210.02
Operating Expense
33.69
+19.06%
28.30
+10.40%
25.63
+1.02%
25.37
Selling General And Administration
29.85
+10.42%
27.04
+13.77%
23.76
+8.99%
21.80
General And Administrative Expense
29.85
+10.42%
27.04
+13.77%
23.76
+8.99%
21.80
Salaries And Wages
0.63
-14.71%
0.74
-5.12%
0.78
-2.62%
0.80
Other Gand A
29.22
+11.13%
26.29
+14.41%
22.98
+9.44%
21.00
Other Operating Expenses
3.84
+204.04%
1.26
-32.48%
1.87
-47.65%
3.57
Total Expenses
210.37
+7.46%
195.76
+2.69%
190.63
+15.48%
165.07
Operating Income
65.37
-41.57%
111.87
+19.30%
93.77
-49.22%
184.65
Total Operating Income As Reported
69.97
-45.52%
128.43
+23.31%
104.15
-43.60%
184.65
EBITDA
128.78
-31.09%
186.89
+19.66%
156.19
-34.71%
239.21
Normalized EBITDA
126.91
-25.27%
169.83
+15.40%
147.16
-36.46%
231.59
Reconciled Depreciation
59.88
+3.00%
58.13
+7.40%
54.13
+9.31%
49.52
EBIT
68.91
-46.48%
128.75
+26.15%
102.06
-46.20%
189.69
Total Unusual Items
1.88
-89.00%
17.06
+89.00%
9.03
+18.41%
7.62
Total Unusual Items Excluding Goodwill
1.88
-89.00%
17.06
+89.00%
9.03
+18.41%
7.62
Special Income Charges
4.60
-72.24%
16.55
+59.57%
10.38
0.00
Other Special Charges
—
—
—
—
Net Income
38.56
-60.40%
97.38
+25.89%
77.35
-55.17%
172.55
Pretax Income
38.56
-60.40%
97.38
+25.89%
77.35
-55.17%
172.55
Net Non Operating Interest Income Expense
-28.68
+9.09%
-31.55
-23.99%
-25.45
-29.07%
-19.72
Interest Expense Non Operating
30.34
-3.29%
31.38
+26.99%
24.71
+44.17%
17.14
Net Interest Income
-28.68
+9.09%
-31.55
-23.99%
-25.45
-29.07%
-19.72
Interest Expense
30.34
-3.29%
31.38
+26.99%
24.71
+44.17%
17.14
Interest Income Non Operating
5.12
+50.77%
3.40
+36.00%
2.50
+218.90%
0.78
Interest Income
5.12
+50.77%
3.40
+36.00%
2.50
+218.90%
0.78
Other Income Expense
1.88
-89.00%
17.06
+89.00%
9.03
+18.41%
7.62
Gain On Sale Of Security
-2.72
-641.63%
0.50
+137.19%
-1.35
-117.71%
7.62
Tax Rate For Calcs
0.00
+60.00%
0.00
-37.50%
0.00
+60.00%
0.00
Tax Effect Of Unusual Items
0.75
-82.39%
4.26
+18.12%
3.61
+89.45%
1.91
Net Income Including Noncontrolling Interests
38.56
-60.40%
97.38
+25.89%
77.35
-55.17%
172.55
Net Income From Continuing Operation Net Minority Interest
38.56
-60.40%
97.38
+25.89%
77.35
-55.17%
172.55
Net Income From Continuing And Discontinued Operation
38.56
-60.40%
97.38
+25.89%
77.35
-55.17%
172.55
Net Income Continuous Operations
38.56
-60.40%
97.38
+25.89%
77.35
-55.17%
172.55
Normalized Income
37.44
-55.74%
84.58
+17.58%
71.94
-56.88%
166.84
Net Income Common Stockholders
30.56
-65.80%
89.38
+28.87%
69.35
-57.60%
163.58
Otherunder Preferred Stock Dividend
—
—
0.00
0.00
Diluted EPS
0.30
-63.86%
0.83
+36.07%
0.61
-55.15%
1.36
Basic EPS
0.30
-63.86%
0.83
+36.07%
0.61
-55.15%
1.36
Basic Average Shares
103.04
-4.22%
107.58
-5.32%
113.62
-5.83%
120.65
Diluted Average Shares
103.04
-4.22%
107.58
-5.32%
113.62
-5.83%
120.65
Diluted NI Availto Com Stockholders
30.56
-65.80%
89.38
+28.87%
69.35
-57.60%
163.58
Gain On Sale Of PPE
4.60
-72.24%
16.55
+59.57%
10.38
0.00
Insurance And Claims
—
—
—
—
Other Taxes
—
—
—
—
Preferred Stock Dividends
8.00
+0.00%
8.00
+0.00%
8.00
-10.89%
8.98
Total Other Finance Cost
3.46
-3.13%
3.57
+10.41%
3.24
-3.69%
3.36
Line Item Trend 2023-12-31
Total Assets
1,339.82
Current Assets
146.72
Cash Cash Equivalents And Short Term Investments
87.92
Cash And Cash Equivalents
48.19
Other Short Term Investments
39.73
Receivables
9.28
Accounts Receivable
8.79
Other Receivables
0.49
Inventory
16.65
Prepaid Assets
—
Restricted Cash
2.02
Assets Held For Sale Current
24.23
Hedging Assets Current
0.01
Other Current Assets
6.61
Total Non Current Assets
1,193.10
Net PPE
1,181.22
Gross PPE
1,641.31
Accumulated Depreciation
-460.09
Construction In Progress
89.70
Non Current Accounts Receivable
0.09
Non Current Deferred Assets
0.26
Other Non Current Assets
8.86
Total Liabilities Net Minority Interest
547.30
Current Liabilities
55.73
Payables And Accrued Expenses
18.82
Payables
10.44
Accounts Payable
10.44
Other Payable
—
Current Accrued Expenses
8.38
Current Debt And Capital Lease Obligation
24.78
Current Debt
24.78
Other Current Borrowings
24.78
Current Capital Lease Obligation
—
Current Deferred Liabilities
10.85
Current Deferred Revenue
10.85
Other Current Liabilities
1.27
Total Non Current Liabilities Net Minority Interest
491.57
Long Term Debt And Capital Lease Obligation
482.39
Long Term Debt
482.39
Non Current Deferred Liabilities
3.25
Non Current Deferred Revenue
3.25
Other Non Current Liabilities
5.93
Stockholders Equity
792.51
Common Stock Equity
792.47
Capital Stock
0.15
Common Stock
0.11
Preferred Stock
0.04
Share Issued
111.61
Ordinary Shares Number
111.61
Treasury Shares Number
0.00
Additional Paid In Capital
352.90
Retained Earnings
439.46
Minority Interest
—
Total Equity Gross Minority Interest
792.51
Total Capitalization
1,274.90
Working Capital
90.99
Invested Capital
1,299.64
Total Debt
507.17
Net Debt
458.98
Capital Lease Obligations
—
Net Tangible Assets
792.51
Tangible Book Value
792.47
Derivative Product Liabilities
0.00
Duefrom Related Parties Current
0.01
Dueto Related Parties Current
0.00
Financial Assets
2.67
Interest Payable
4.23
Preferred Shares Number
4.00
Preferred Stock Equity
0.04
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
102.29
-21.59%
130.46
+6.75%
122.21
-43.95%
218.05
Cash Flow From Continuing Operating Activities
102.29
-21.59%
130.46
+6.75%
122.21
-43.95%
218.05
Net Income From Continuing Operations
38.56
-60.40%
97.38
+25.89%
77.35
-55.17%
172.55
Depreciation Amortization Depletion
59.88
+3.00%
58.13
+7.40%
54.13
+9.31%
49.52
Depreciation And Amortization
59.88
+3.00%
58.13
+7.40%
54.13
+9.31%
49.52
Other Non Cash Items
6.59
+56.16%
4.22
-3.03%
4.35
-22.02%
5.58
Stock Based Compensation
0.15
+0.00%
0.15
+4.17%
0.14
+20.00%
0.12
Operating Gains Losses
1.52
+107.81%
-19.44
-100.48%
-9.70
-1391.85%
-0.65
Gain Loss On Investment Securities
-7.00
-341.44%
2.90
+1520.59%
-0.20
-104.37%
4.67
Net Foreign Currency Exchange Gain Loss
13.11
+326.68%
-5.78
-755.78%
0.88
+116.59%
-5.32
Change In Working Capital
-4.40
+55.87%
-9.98
-145.21%
-4.07
+55.15%
-9.07
Change In Receivables
3.29
+157.56%
-5.71
-188.59%
-1.98
-220.36%
1.65
Changes In Account Receivables
4.49
+198.51%
-4.56
-97.32%
-2.31
-243.81%
1.61
Change In Inventory
-7.96
-957.65%
0.93
+235.87%
-0.68
+94.82%
-13.18
Change In Prepaid Assets
1.65
+516.46%
-0.40
+53.47%
-0.85
+62.76%
-2.28
Change In Payables And Accrued Expense
-0.56
-115.60%
3.58
+635.73%
0.49
-90.60%
5.18
Change In Accrued Expense
-4.07
-187.29%
4.67
+2816.25%
0.16
-96.57%
4.67
Change In Payable
3.51
+424.47%
-1.08
-431.19%
0.33
-36.13%
0.51
Change In Account Payable
3.52
+415.41%
-1.12
-389.87%
0.39
-23.76%
0.51
Change In Other Working Capital
-0.82
+90.22%
-8.38
-702.11%
-1.04
-135.36%
-0.44
Investing Cash Flow
9.70
+113.52%
-71.73
+52.72%
-151.73
+33.86%
-229.40
Cash Flow From Continuing Investing Activities
9.70
+113.52%
-71.73
+52.72%
-151.73
+33.86%
-229.40
Net PPE Purchase And Sale
-18.60
+72.14%
-66.78
+62.55%
-178.33
-7.20%
-166.35
Purchase Of PPE
-41.99
+70.99%
-144.78
+30.76%
-209.10
-14.09%
-183.28
Sale Of PPE
23.39
-70.01%
78.00
+153.46%
30.77
+81.77%
16.93
Capital Expenditure
-41.99
+70.99%
-144.78
+30.76%
-209.10
-14.09%
-183.28
Net Investment Purchase And Sale
28.30
+671.43%
-4.95
-118.62%
26.60
+142.19%
-63.06
Purchase Of Investment
-123.51
-50.64%
-81.99
-55.07%
-52.87
+33.76%
-79.82
Sale Of Investment
151.81
+97.07%
77.03
-3.07%
79.47
+374.22%
16.76
Financing Cash Flow
-52.37
-102.53%
-25.86
-188.73%
29.14
+172.67%
-40.10
Cash Flow From Continuing Financing Activities
-52.37
-102.53%
-25.86
-188.73%
29.14
+172.67%
-40.10
Net Issuance Payments Of Debt
-10.54
-129.14%
36.16
-59.81%
89.97
+94.32%
46.30
Issuance Of Debt
214.95
-13.43%
248.30
-2.70%
255.20
-1.69%
259.57
Repayment Of Debt
-225.49
-6.29%
-212.14
-28.39%
-165.23
+22.53%
-213.27
Long Term Debt Issuance
214.95
-13.43%
248.30
-2.70%
255.20
-1.69%
259.57
Long Term Debt Payments
-225.49
-6.29%
-212.14
-28.39%
-165.23
+22.53%
-213.27
Net Long Term Debt Issuance
-10.54
-129.14%
36.16
-59.81%
89.97
+94.32%
46.30
Net Common Stock Issuance
-11.01
+61.91%
-28.92
-10.28%
-26.22
-189.71%
-9.05
Common Stock Payments
-11.01
+61.91%
-28.92
-10.28%
-26.22
-189.71%
-9.05
Common Stock Dividend Paid
—
—
—
-24.14
Cash Dividends Paid
-28.61
+3.02%
-29.50
+3.83%
-30.68
+8.77%
-33.63
Repurchase Of Capital Stock
-11.01
+61.91%
-28.92
-10.28%
-26.22
+43.45%
-46.37
Net Other Financing Charges
-2.21
+38.57%
-3.60
+8.49%
-3.93
+38.59%
-6.41
Changes In Cash
59.62
+81.40%
32.87
+8795.24%
-0.38
+99.27%
-51.46
Effect Of Exchange Rate Changes
0.07
+120.22%
-0.37
-205.10%
0.35
+149.79%
-0.71
Beginning Cash Position
91.56
+55.02%
59.06
-0.04%
59.09
-46.89%
111.25
End Cash Position
151.25
+65.20%
91.56
+55.02%
59.06
-0.04%
59.09
Free Cash Flow
60.30
+521.18%
-14.32
+83.52%
-86.90
-349.92%
34.77
Interest Paid Supplemental Data
35.20
+19.50%
29.45
+31.84%
22.34
+63.42%
13.67
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
Net Preferred Stock Issuance
—
0.00
0.00
+100.00%
-37.32
Preferred Stock Dividend Paid
—
—
—
-9.48
Preferred Stock Payments
—
0.00
0.00
+100.00%
-37.32
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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