SB
Safe Bulkers, Inc.
$8.36
-0.57
(-6.38%)
Mkt Cap
851.27M
Volume
5,005,302
52W Range
4.14-9.31
Sector
Industrials
Beta
0.83
EPS (TTM)
0.78 USD
P/E Ratio
10.77
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
$13.41
Undervalued
moderate signal
37.7% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C
Platform & Compounding FCF
51.1 / 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
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
Safe Bulkers, Inc. (SB) Q2 2026 Earnings Call Transcript
Report on Financial Results of Second Quarter and Six-Month period ended June 30, 2026 and Declaration of Dividend on Common Stock
Safe Bulkers, Inc. Sets Date for the Second Quarter 2026 Results, Conference Call, and Webcast
Navigating the Future of Shipping: Leadership Insights – Q2 2026
Safe Bulkers: Pair The Common With The 7.7%-Yielding Preferreds