SB - Safe Bulkers, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$4.20
DETAILS
HIGH:
$4.20
LOW:
$4.20
MEDIAN:
$4.20
CONSENSUS:
$4.20
DOWNSIDE:
36.07%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||
| Revenue | 275.7 | 307.6 | 284.4 | 349.7 | 329.0 | 198.2 | 197.8 | 193.2 | 148.0 | 109.8 | 127.3 | 154.1 | 186.7 | 184.3 | 168.9 | 157.0 | 164.6 | 200.8 | 165.8 | 95.3 |
| Cost of Revenue | 176.7 | 167.5 | 165.0 | 139.7 | 134.2 | 165.9 | 132.6 | 118.0 | 108.2 | 106.7 | 120.5 | 113.1 | 89.6 | 74.1 | 51.5 | 43.4 | 34.1 | 28.5 | 22.2 | 0 |
| Gross Profit | 99.1 | 140.2 | 119.4 | 210.0 | 194.9 | 32.2 | 65.2 | 75.2 | 39.9 | 3.1 | 6.9 | 40.9 | 97.2 | 110.2 | 117.4 | 113.6 | 130.5 | 172.3 | 143.7 | 95.3 |
| Operating Expenses | ||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 29.9 | 27.0 | 23.8 | 21.8 | 22.5 | 21.5 | 20.6 | 19.2 | 16.1 | 15.4 | 14.6 | 13.3 | 11.4 | 9.9 | 8.5 | 7.0 | 7.0 | 8.6 | 25.1 | 1.0 |
| Other Expenses | 0 | 1.3 | 1.9 | 3.6 | 0 | 0 | 0 | 0 | 0 | 0 | (1.4) | (4.0) | 0 | 0 | (0.2) | 0 | 0 | 0 | 0 | 11.8 |
| Operating Expenses | 29.9 | 28.3 | 25.6 | 25.4 | 22.5 | 21.5 | 20.6 | 19.2 | 16.1 | 15.4 | 16.0 | 17.3 | 11.4 | 9.9 | 8.7 | 7.0 | 7.0 | 8.6 | 25.1 | 12.8 |
| Operating Income | ||||||||||||||||||||
| Operating Income | 69.2 | 111.9 | 93.8 | 184.6 | 172.4 | 10.7 | 44.5 | 56.0 | 23.8 | (12.3) | (9.2) | 23.6 | 85.8 | 100.3 | 108.7 | 106.6 | 123.5 | 163.7 | 118.6 | 108.1 |
| Interest Expense | 33.8 | 34.9 | 27.9 | 20.5 | 18.4 | 23.6 | 29.4 | 28.5 | 25.7 | 24.4 | 14.7 | 10.9 | 10.3 | 10.3 | 5.8 | 6.4 | 10.4 | 16.4 | 8.2 | 6.1 |
| Interest Income | 5.1 | 3.4 | 2.5 | 0.8 | 0.1 | 0.6 | 1.6 | 0.9 | 8.4 | 0.5 | 0.1 | 0.8 | 1.0 | 1.1 | 1.0 | 2.6 | 2.2 | 1.5 | 1.3 | 0.8 |
| Profitability | ||||||||||||||||||||
| EBITDA | 129.1 | 190.5 | 159.4 | 242.6 | 245.1 | 65.0 | 95.7 | 104.2 | (7.6) | 17.9 | 13.9 | 68.7 | 131.0 | 138.7 | 119.2 | 135.7 | 189.8 | 146.2 | 227.0 | 92.2 |
| EBIT | 69.2 | 132.3 | 105.3 | 193.1 | 192.8 | 10.7 | 45.4 | 56.2 | (59.0) | (31.6) | (33.3) | 25.6 | 93.6 | 106.4 | 95.6 | 116.1 | 175.9 | 135.6 | 217.4 | 82.5 |
| Income Before Tax | 38.6 | 97.4 | 77.4 | 172.6 | 174.3 | (12.9) | 16.0 | 27.7 | (84.7) | (56.0) | (47.9) | 14.6 | 83.3 | 96.1 | 89.7 | 109.6 | 165.4 | 119.2 | 209.2 | 102.6 |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.9 |
| Net Income | 38.6 | 97.4 | 77.4 | 172.6 | 174.3 | (12.9) | 16.0 | 27.7 | (84.7) | (56.0) | (47.9) | 14.6 | 83.3 | 96.1 | 89.7 | 109.6 | 165.4 | 119.2 | 209.2 | 97.2 |
| Per Share Data | ||||||||||||||||||||
| EPS (Basic) | 0.30 | 0.83 | 0.61 | 1.36 | 1.44 | -0.25 | -0.11 | 0.27 | -0.84 | -0.66 | -0.57 | 0.06 | 1.05 | 1.27 | 1.29 | 1.73 | 3.03 | 2.19 | 3.84 | 1.78 |
| EPS (Diluted) | 0.30 | 0.83 | 0.61 | 1.36 | 1.44 | -0.25 | -0.11 | 0.27 | -0.84 | -0.66 | -0.57 | 0.06 | 1.05 | 1.27 | 1.29 | 1.73 | 3.03 | 2.19 | 3.84 | 1.78 |
| Shares Outstanding | 103.0 | 107.6 | 113.6 | 120.7 | 113.7 | 102.6 | 101.7 | 101.6 | 100.9 | 84.5 | 83.5 | 83.4 | 77.5 | 75.5 | 69.5 | 63.3 | 54.5 | 54.5 | 54.5 | 54.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 153.1 | 84.1 | 50.2 | 50.2 | 101.0 | 93.4 | 78.9 | 52.2 | 47.9 | 82.8 | 24.8 | 60.3 |
| Short-Term Investments | 0 | 44.3 | 39.7 | 64.2 | 1.1 | 11.8 | 27.4 | 29.9 | 12.2 | 12 | 57.9 | 21.3 |
| Net Receivables | 0 | 15.1 | 9.3 | 7.2 | 8.7 | 5.5 | 16.1 | 12.2 | 13.1 | 9.0 | 1.9 | 0.6 |
| Inventory | 0 | 14.9 | 16.7 | 17.3 | 8.7 | 12.0 | 9.3 | 4.1 | 4.2 | 5.2 | 1.2 | 1.2 |
| Other Current Assets | 47.5 | 7.0 | 30.9 | 18.8 | 4.6 | 12.0 | 4.3 | 2.8 | 1.7 | 2.0 | 19.8 | 4.7 |
| Total Current Assets | 200.6 | 165.4 | 146.7 | 157.7 | 124.1 | 134.7 | 136.0 | 101.3 | 79.1 | 111.0 | 105.6 | 88.1 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 1,192.9 | 1,229.5 | 1,181.2 | 1,077.4 | 952.8 | 951.3 | 964 | 963.9 | 946.5 | 1,051.7 | 467.5 | 387.3 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 9.7 | 8.1 | 11.6 | 10.3 | 16.4 | 18.9 | 14.2 | 11.0 | 9.5 | 11.0 | 54.9 | 6.1 |
| Other Non-Current Assets | 0.0 | 0.0 | 0.3 | 0.5 | 1.0 | 0.7 | 0.5 | 0.0 | 0 | 0 | 0.7 | 0.8 |
| Total Non-Current Assets | 1,202.6 | 1,237.7 | 1,193.1 | 1,088.2 | 970.2 | 970.9 | 978.7 | 974.9 | 956.0 | 1,062.7 | 523.1 | 394.2 |
| Total Assets | 1,403.2 | 1,403.1 | 1,339.8 | 1,245.9 | 1,094.3 | 1,105.6 | 1,114.6 | 1,076.2 | 1,035.1 | 1,173.8 | 628.7 | 482.3 |
| Current Liabilities | ||||||||||||
| Account Payables | 0 | 9.9 | 10.4 | 10.5 | 10.0 | 13.5 | 13.0 | 6.1 | 4.1 | 5.4 | 2.7 | 1.6 |
| Short-Term Debt | 42.4 | 58.2 | 25.5 | 43.6 | 61.9 | 75.8 | 64.1 | 36.2 | 25.6 | 12.2 | 15.7 | 54.8 |
| Deferred Revenue | 0 | 6.5 | 10.9 | 9.5 | 11.0 | 6.2 | 3.0 | 5.4 | 3.5 | 2.0 | 0 | 0 |
| Other Current Liabilities | 26.7 | 11.8 | 8.9 | 27.8 | 5.8 | 9.2 | 6.6 | 6.9 | 3.7 | 4.2 | 47.1 | 14.5 |
| Total Current Liabilities | 69.1 | 86.5 | 55.7 | 91.3 | 88.7 | 104.7 | 86.8 | 54.6 | 36.9 | 23.8 | 65.6 | 70.9 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 497.8 | 478.4 | 482.4 | 370.8 | 315.8 | 531.9 | 537.0 | 538.5 | 541.8 | 569.8 | 421.0 | 413.5 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5.6 | 3.9 | 5.9 | 4.5 | 2.6 | 2.6 | 0.3 | 0 | 0 | 1.7 | 15.5 | 21.7 |
| Total Non-Current Liabilities | 503.4 | 485.0 | 491.6 | 382.7 | 326.4 | 538.1 | 537.9 | 538.8 | 541.8 | 571.4 | 466.0 | 447.0 |
| Total Liabilities | 572.5 | 571.5 | 547.3 | 474.0 | 415.1 | 642.8 | 624.7 | 593.4 | 578.7 | 595.2 | 531.5 | 517.8 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 0 | 507.3 | 439.5 | 392.8 | 253.9 | 90.3 | 115.6 | 111.3 | 95.1 | 194.2 | 97.1 | (35.6) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 830.7 | 831.6 | 792.5 | 771.9 | 679.2 | 462.9 | 489.9 | 482.8 | 456.3 | 578.5 | 97.2 | (35.5) |
| Total Liabilities & Equity | 1,403.2 | 1,403.1 | 1,339.8 | 1,245.9 | 1,094.3 | 1,105.6 | 1,114.6 | 1,076.2 | 1,035.1 | 1,173.8 | 628.7 | 482.3 |
| Debt Metrics | ||||||||||||
| Total Debt | 540.1 | 536.6 | 507.9 | 414.4 | 377.7 | 607.7 | 601.0 | 574.7 | 567.4 | 582.0 | 436.7 | 468.3 |
| Net Debt | 387.0 | 452.6 | 457.7 | 364.2 | 276.6 | 514.2 | 522.1 | 522.5 | 519.5 | 499.1 | 411.9 | 408.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 38.6 | 97.4 | 77.4 | 172.6 | 174.3 | (12.9) | 16.0 | 27.7 | (84.7) | (56.0) |
| Depreciation & Amortization | 59.9 | 58.1 | 54.1 | 49.5 | 52.4 | 54.3 | 50.3 | 48.1 | 51.4 | 49.5 |
| Stock-Based Compensation | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Change in Working Capital | (4.4) | (10.0) | (4.1) | (9.1) | 6.7 | 18.5 | (10.4) | 7.6 | (2.4) | (2.7) |
| Other Non-Cash Items | 8.3 | (15.2) | (5.3) | 4.9 | 2.9 | 2.0 | 2.1 | 1.8 | 2.8 | 3.1 |
| Operating Cash Flow | 102.3 | 130.5 | 122.2 | 218 | 217.2 | 63.4 | 58.3 | 85.4 | 49.2 | 13.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (42.0) | (144.8) | (209.1) | (183.3) | (109.2) | (50.4) | (39.2) | (45.9) | (59.9) | (58.4) |
| Acquisitions | 23.4 | 0 | 0 | 16.9 | 107.1 | (15.7) | (2.5) | 0 | 21.9 | 91.7 |
| Purchases of Investments | (123.5) | (82.0) | (52.9) | (79.8) | (2.3) | (93.8) | (85.0) | (60.8) | (37.6) | (51.5) |
| Sales/Maturities of Investments | 151.8 | 77.0 | 79.5 | 16.8 | 13.0 | 109.5 | 87.4 | 43.1 | 37.5 | 39.5 |
| Other Investing Activities | 0 | 78.0 | 30.8 | 0.0 | 0 | 15.7 | 2.5 | (17.7) | (0.0) | 0.0 |
| Investing Cash Flow | 9.7 | (71.7) | (151.7) | (229.4) | 8.6 | (34.8) | (36.8) | (63.7) | (38.2) | 21.3 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (12.7) | 36.2 | 90.0 | 46.3 | (265.7) | 10.4 | 26.2 | 7.8 | (7.5) | (84.0) |
| Stock Repurchased | (11.0) | (28.9) | (26.2) | (46.4) | (17.7) | (6.1) | (4.2) | (10.1) | 0 | (0.1) |
| Dividends Paid | (28.6) | (29.5) | (30.7) | (33.6) | (11.2) | (11.5) | (11.5) | (11.4) | (12.3) | (14.0) |
| Other Financing Activities | 0 | (3.6) | (3.9) | (6.4) | (2.4) | (2.2) | (2.1) | (1.9) | (1.9) | 14.3 |
| Financing Cash Flow | (52.4) | (25.9) | 29.1 | (40.1) | (225.9) | (9.3) | 8.5 | (15.6) | (46.7) | (83.9) |
| Cash Position | ||||||||||
| Net Change in Cash | 57.5 | 32.5 | (0.0) | (52.2) | (0.9) | 19.6 | 30.0 | 6.1 | (36.3) | (49.1) |
| Cash at Beginning | 84.1 | 59.1 | 59.1 | 111.3 | 112.2 | 92.6 | 62.6 | 56.5 | 92.8 | 130.7 |
| Cash at End | 141.6 | 91.6 | 59.1 | 59.1 | 111.3 | 112.2 | 92.6 | 62.6 | 56.5 | 81.6 |
| Free Cash Flow | 60.3 | (14.3) | (86.9) | 34.7 | 108.0 | 12.9 | 19.0 | 39.5 | (10.7) | (44.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||
| Revenue | 275.7 | 307.6 | 284.4 | 349.7 | 329.0 | 198.2 | 197.8 | 193.2 | 148.0 | 109.8 | 127.3 | 154.1 | 186.7 | 184.3 | 168.9 | 157.0 | 164.6 | 200.8 | 165.8 | 95.3 |
| Gross Profit | 99.1 | 140.2 | 119.4 | 210.0 | 194.9 | 32.2 | 65.2 | 75.2 | 39.9 | 3.1 | 6.9 | 40.9 | 97.2 | 110.2 | 117.4 | 113.6 | 130.5 | 172.3 | 143.7 | 95.3 |
| Operating Income | 69.2 | 111.9 | 93.8 | 184.6 | 172.4 | 10.7 | 44.5 | 56.0 | 23.8 | (12.3) | (9.2) | 23.6 | 85.8 | 100.3 | 108.7 | 106.6 | 123.5 | 163.7 | 118.6 | 108.1 |
| Net Income | 38.6 | 97.4 | 77.4 | 172.6 | 174.3 | (12.9) | 16.0 | 27.7 | (84.7) | (56.0) | (47.9) | 14.6 | 83.3 | 96.1 | 89.7 | 109.6 | 165.4 | 119.2 | 209.2 | 97.2 |
| EPS (Diluted) | 0.30 | 0.83 | 0.61 | 1.36 | 1.44 | -0.25 | -0.11 | 0.27 | -0.84 | -0.66 | -0.57 | 0.06 | 1.05 | 1.27 | 1.29 | 1.73 | 3.03 | 2.19 | 3.84 | 1.78 |
| Balance Sheet | ||||||||||||||||||||
| Cash & Equivalents | 153.1 | 84.1 | 50.2 | 50.2 | 101.0 | 93.4 | 78.9 | 52.2 | 47.9 | 82.8 | 24.8 | 60.3 | ||||||||
| Total Assets | 1,403.2 | 1,403.1 | 1,339.8 | 1,245.9 | 1,094.3 | 1,105.6 | 1,114.6 | 1,076.2 | 1,035.1 | 1,173.8 | 628.7 | 482.3 | ||||||||
| Total Debt | 540.1 | 536.6 | 507.9 | 414.4 | 377.7 | 607.7 | 601.0 | 574.7 | 567.4 | 582.0 | 436.7 | 468.3 | ||||||||
| Stockholders' Equity | 830.7 | 831.6 | 792.5 | 771.9 | 679.2 | 462.9 | 489.9 | 482.8 | 456.3 | 578.5 | 97.2 | (35.5) | ||||||||
| Cash Flow | ||||||||||||||||||||
| Operating Cash Flow | 102.3 | 130.5 | 122.2 | 218 | 217.2 | 63.4 | 58.3 | 85.4 | 49.2 | 13.5 | ||||||||||
| Capital Expenditure | (42.0) | (144.8) | (209.1) | (183.3) | (109.2) | (50.4) | (39.2) | (45.9) | (59.9) | (58.4) | ||||||||||
| Free Cash Flow | 60.3 | (14.3) | (86.9) | 34.7 | 108.0 | 12.9 | 19.0 | 39.5 | (10.7) | (44.9) | ||||||||||