SB
Safe Bulkers, Inc.
$8.09
+0.17
(+2.15%)
Mkt Cap
920.91M
Volume
640,931
52W Range
4.45-9.31
Sector
Industrials
Beta
0.83
EPS (TTM)
0.78 USD
P/E Ratio
10.42
Revenue (TTM)
307.50M USD
Rev Growth (5Y)
+6.8%
EPS Growth (5Y)
N/A
AlphaVal · Fair Value
What we estimate one share is worth
$12.00
Undervalued
moderate signal
32.6% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C
Platform & Compounding FCF
51.2 / 100 composite
A platform business that compounds free cash flow — graded A–F vs. similar companies.
Company Description
Safe Bulkers, Inc., along with its affiliated entities, specializes in the ocean-going transportation of dry bulk commodities. The company maintains and operates a fleet of dry bulk carriers, primarily utilized for shipping essential bulk cargoes such as coal, grain, and iron ore. As of March 18, 2022, Safe Bulkers possessed 40 dry bulk vessels, which collectively offered a carrying capacity of 3,925,500 deadweight tons and had an average age of 10.4 years. This fleet was comprised of 12 Panamax, 7 Kamsarmax, 15 Post-Panamax, and 6 Capesize class ships. Safe Bulkers, Inc. was established in 2007 and is headquartered in Monaco.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 275.74M | 307.63M | 284.40M | 349.72M | 329.03M | 198.16M | 197.76M | 193.19M | 148.03M | 109.77M | 127.32M | 154.09M |
| Net Income | 38.56M | 97.38M | 77.35M | 172.55M | 174.35M | (12.90M) | 16.04M | 27.68M | (84.68M) | (55.97M) | (47.94M) | 14.63M |
| EPS | 0.30 | 0.83 | 0.61 | 1.36 | 1.44 | -0.25 | -0.11 | 0.27 | -0.84 | -0.66 | -0.57 | 0.06 |
| Free Cash Flow | 60.30M | (14.32M) | (86.90M) | 34.72M | 107.97M | 12.93M | 19.04M | 39.52M | (10.74M) | (44.87M) | (98.02M) | (102.57M) |
| FCF / Share | 0.59 | -0.13 | -0.76 | 0.29 | 0.95 | 0.13 | 0.19 | 0.39 | -0.11 | -0.53 | -1.17 | -1.23 |
| Operating CF | 102.29M | 130.46M | 122.21M | 218.00M | 217.20M | 63.38M | 58.28M | 85.45M | 49.20M | 13.50M | 25.52M | 43.73M |
| Total Assets | 1.40B | 1.40B | 1.34B | 1.25B | 1.09B | 1.11B | 1.11B | 1.08B | 1.04B | 1.17B | 1.31B | 1.18B |
| Total Debt | 540.14M | 536.64M | 507.92M | 414.36M | 377.65M | 607.67M | 601.05M | 574.69M | 567.40M | 581.96M | 646.87M | 469.57M |
| Cash & Equiv | 153.15M | 84.08M | 50.21M | 50.19M | 101.00M | 93.44M | 78.94M | 52.19M | 47.86M | 82.81M | 195.25M | 118.25M |
| Book Value | 830.71M | 831.62M | 792.51M | 771.92M | 679.24M | 462.86M | 489.94M | 482.83M | 456.35M | 578.54M | 634.15M | 700.10M |
| Return on Equity | 0.05 | 0.12 | 0.10 | 0.22 | 0.26 | -0.03 | 0.03 | 0.06 | -0.19 | -0.10 | -0.08 | 0.02 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 87.46M | 74.39M | 72.57M | 73.08M | 65.75M | 64.35M | 71.49M | 75.92M | 78.55M | 81.67M | 82.29M | 64.65M |
| Net Income | 35.16M | 22.21M | 11.84M | 17.78M | 1.70M | 7.25M | 19.36M | 25.12M | 27.59M | 25.30M | 27.61M | 15.04M |
| EPS | 0.33 | 0.20 | 0.10 | 0.15 | -0.00 | 0.05 | 0.16 | 0.22 | 0.24 | 0.21 | 0.23 | 0.12 |
| Free Cash Flow | 0 | 35.20M | 33.21M | 20.10M | 19.10M | 29.90M | 0 | 24.80M | 40.00M | 35.90M | (171.30M) | 83.14M |
| FCF / Share | N/A | 0.34 | 0.32 | 0.20 | 0.19 | 0.28 | N/A | 0.23 | 0.37 | 0.33 | -1.53 | 0.74 |
| Operating CF | 42.43M | 35.20M | 33.21M | 20.10M | 19.10M | 29.90M | 26.59M | 24.80M | 40.00M | 35.90M | 37.80M | 83.14M |
| Total Assets | 1.43B | 1.42B | 1.40B | 1.37B | 1.41B | 1.38B | 1.40B | 1.35B | 1.34B | 1.35B | 1.34B | 1.25B |
| Total Debt | 511.45M | 544.00M | 540.14M | 516.28M | 552.59M | 519.72M | 536.64M | 489.77M | 491.15M | 525.26M | 507.92M | 440.67M |
| Cash & Equiv | 134.54M | 171.78M | 153.15M | 115.25M | 117.43M | 120.21M | 84.08M | 85.29M | 72.28M | 78.70M | 50.21M | 74.06M |
| Book Value | 870.28M | 843.19M | 830.71M | 826.28M | 815.58M | 826.81M | 831.62M | 825.36M | 807.54M | 788.58M | 792.51M | 772.44M |
| Return on Equity | 0.04 | 0.03 | 0.01 | 0.02 | 0.00 | 0.01 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
SB News
220,136 Shares of Safe Bulkers, Inc $SB Acquired by CWA Asset Management Group LLC
Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
SB Financial Looks Attractive Even With Recent Macro Headwinds
Safe Bulkers: Shrinking Costs And Accelerating Cash Margins
Safe Bulkers, Inc. Announces Results of 2026 Annual Meeting of Stockholders
Shipping stocks at a crossroads amid their best rally in decades
Safe Bulkers (NYSE:SB) & A.P. Moller-Maersk (OTCMKTS:AMKBY) Head to Head Analysis
KBRA Releases Monthly CMBS Trend Watch
Safe Bulkers Q2 Earnings Call Highlights
Safe Bulkers (NYSE:SB) Shares Gap Up Following Better-Than-Expected Earnings