Safe Bulkers (SB) AI Stock Analysis

• Market Cap: $549.46M
• Dividend Yield: 4.07%
• Average Volume (3M): 357.56K
• Price to Earnings (P/E): 14.7
• Beta (1Y): 1.06
• Revenue Growth: -13.74%
• EPS Growth: -59.37%
• Country: US
• Employees: 941
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.12
• Shares Outstanding: 102,320,100
• 10 Day Avg. Volume: 419,506
• 30 Day Avg. Volume: 357,559
• PEG Ratio: 0.11
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 1.25
• P/FCF Ratio: -26.82
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 3.08
• Enterprise Value/Gross Profit: 8.04
• Enterprise Value/Ebitda: 5.85
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.35
• Revenue Forecast (FY): $260.70M

• Rating: 71 Outperform
• Price Target: $6.00 ▲(11.73% Upside)

Safe Bulkers' stock is supported by strong technical momentum and a reasonable valuation, despite challenges in financial performance due to declining revenue and cash flow. The company's strategic fleet renewal and robust capital structure provide a solid foundation, but geopolitical and economic uncertainties remain a concern.

Positive Factors

Fleet Renewal Strategy

The fleet renewal strategy, including new energy-efficient vessels, aligns with global standards and enhances long-term competitiveness.

Strong Liquidity

Robust liquidity and capital resources support strategic initiatives and provide financial stability, crucial for navigating market challenges.

Dividend Consistency

Consistent dividends reflect financial health and commitment to shareholder returns, enhancing investor confidence over the long term.

Negative Factors

Decreased Revenue

Decreasing revenue in a softer market environment poses challenges to growth and profitability, impacting long-term financial performance.

Increased Operating Expenses

Rising operating expenses can erode profit margins, limiting the company's ability to invest in growth and maintain competitive pricing.

Lower Earnings Per Share

A significant drop in earnings per share indicates reduced profitability, which may affect investor sentiment and future capital-raising efforts.

Safe Bulkers Business Overview & Revenue Model

Company Description

Safe Bulkers, Inc. is a global shipping company that specializes in the transportation of dry bulk commodities. The company operates a fleet of modern, eco-friendly vessels, primarily focusing on the transportation of bulk materials such as coal, iron ore, grain, and fertilizers. Safe Bulkers serves a diverse range of clients, including major commodity traders and industrial producers, providing reliable and efficient shipping solutions worldwide.

How the Company Makes Money

Safe Bulkers generates revenue primarily through the chartering of its vessels. The company employs a mix of time charters and spot charters, allowing it to capitalize on fluctuating market rates for shipping dry bulk commodities. The time charter contracts typically provide more stable and predictable revenue streams over longer periods, while spot charters can yield higher profits during periods of high demand. Additionally, Safe Bulkers may benefit from partnerships with major shipping companies and commodity traders, enhancing their market reach and ability to secure lucrative contracts. Factors such as global demand for commodities, shipping rates, and operational efficiency also significantly influence the company's earnings.

Safe Bulkers Financial Statement Overview

Summary

Safe Bulkers demonstrates strong operational efficiency with healthy profit margins and moderate leverage. However, challenges include a decline in revenue growth and significant reduction in free cash flow, which could impact future investments and liquidity.

Income Statement

The income statement shows a decline in revenue growth rate by 4.41% in the TTM period, indicating a challenging market environment. However, the company maintains a healthy gross profit margin of 38.32% and a net profit margin of 19.25%, reflecting strong cost management. EBIT and EBITDA margins are robust at 30.97% and 47.43% respectively, suggesting operational efficiency despite revenue pressures.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.68, indicating moderate leverage. The return on equity is 6.48%, showing profitability but with room for improvement. The equity ratio stands at 57.89%, highlighting a solid equity base relative to total assets, which provides financial stability.

Cash Flow

Cash flow analysis reveals a significant decline in free cash flow growth by 37.65% in the TTM period, which could impact future investments. The operating cash flow to net income ratio is 0.80, suggesting adequate cash generation from operations. However, the free cash flow to net income ratio of 0.46 indicates limited free cash flow relative to net income, pointing to potential liquidity constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	277.51M	307.63M	284.40M	349.72M	329.03M	198.16M
Gross Profit	106.34M	140.17M	119.41M	210.02M	194.87M	32.22M
EBITDA	146.32M	186.89M	156.19M	242.57M	245.13M	64.75M
Net Income	53.43M	97.38M	77.35M	172.55M	174.35M	-12.90M
Balance Sheet
Total Assets	1.41B	1.40B	1.34B	1.25B	1.09B	1.11B
Cash, Cash Equivalents and Short-Term Investments	117.43M	125.42M	87.92M	113.38M	102.08M	101.82M
Total Debt	552.59M	536.64M	507.92M	414.36M	377.65M	607.67M
Total Liabilities	593.67M	571.48M	547.30M	474.00M	415.08M	660.88M
Stockholders Equity	815.58M	831.62M	792.51M	771.92M	679.24M	444.75M
Cash Flow
Free Cash Flow	34.61M	-14.32M	-86.90M	34.72M	107.97M	12.93M
Operating Cash Flow	75.62M	130.46M	122.21M	218.00M	217.20M	63.38M
Investing Cash Flow	-66.74M	-71.73M	-151.73M	-229.40M	8.55M	-34.78M
Financing Cash Flow	17.38M	-25.86M	29.14M	-40.10M	-225.90M	-9.29M

Safe Bulkers Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SB, the sentiment is Positive. The current price of 5.37 is above the 20-day moving average (MA) of 4.80, above the 50-day MA of 4.58, and above the 200-day MA of 3.98, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 75.62 is Negative, neither overbought nor oversold. The STOCH value of 81.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SB.

Safe Bulkers Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESEA	77 Outperform	$419.49M	3.45	31.33%	4.38%	7.26%	6.60%
SB	71 Outperform	$549.46M	14.74	5.58%	4.07%	-13.74%	-59.37%
SHIP	70 Outperform	$216.00M	14.06	5.66%	4.98%	-8.99%	-68.66%
PANL	70 Outperform	$460.66M	23.97	4.23%	6.09%	14.21%	-36.71%
DSX	65 Neutral	$208.39M	11.04	4.91%	2.27%	-5.45%	139.59%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
GNK	61 Neutral	$707.54M	47.21	-0.78%	3.98%	-24.58%	-110.22%

Safe Bulkers Corporate Events

Safe Bulkers Announces Q3 2025 Financial Results and Dividend

On November 25, 2025, Safe Bulkers, Inc. announced its unaudited financial results for the third quarter of 2025, reporting net revenues of $73.1 million and a net income of $17.8 million. The company also declared a cash dividend of $0.05 per share of common stock, reflecting its commitment to returning value to shareholders.

Safe Bulkers Declares Quarterly Dividends on Preferred Shares

On October 3, 2025, Safe Bulkers, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.50 per share on both its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares. These dividends are for the period from July 30, 2025, to October 29, 2025, and will be paid on October 30, 2025, to shareholders of record as of October 16, 2025. The company emphasizes that future dividend declarations will depend on various factors including earnings, financial condition, and global economic conditions.

Safe Bulkers Elects New Directors at 2025 Annual Meeting

On September 16, 2025, Safe Bulkers, Inc. announced the election of three Class II directors, Dr. Loukas Barmparis, Marina Hajioannou, and Christos Megalou, at its annual meeting of stockholders in Monaco. These directors will serve until the 2028 annual meeting. Additionally, Deloitte was ratified as the company’s independent auditors for the fiscal year ending December 31, 2025. This election and ratification are pivotal for Safe Bulkers as they ensure continuity in leadership and financial oversight, potentially impacting the company’s strategic direction and stakeholder confidence.