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Home CompaniesSafe Bulkers Inc

Safe Bulkers Inc

Industrials Marine Shipping
PortfolioPortfolio WatchlistWatchlist
Company price
7.92 USD 0.08 ( 1.02%)
Last update at 2026-11-12T15:44:00Z
VOLUME
171493
Market Cap
394.76M
P/E
4.52

Momentum Score

…

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services internationally. It owns and operates a fleet of dry bulk vessels for transporting bulk cargoes comprising coal, grain, and iron ore. The company's fleet consists of 46 vessels, including 8 Panamax class vessels, 13 Kamsarmax class vessels, 17 post-Panamax class vessels, and 8 Capesize class vessels with an aggregate carrying capacity of 4,641,600 deadweight tons. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
7.83
Low
7.97
High
52 Week Price Range
3.02
Low
6.10
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Safe Bulkers Inc operates a fleet of drybulk carriers that transport bulk commodities for global seaborne trade, generating revenue through time and voyage charters. Long-term growth drivers include seaborne commodity demand trends, fleet renewal toward more fuel-efficient tonnage, and potential upside from improved charter rates, which may benefit cash flow and dividend capacity.
The primary investment risk is exposure to volatile charter rates and global commodity cycles that could materially reduce revenues and cash flows.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
7.84
Dividend Yield
5.33%
Revenue TTM
307.63M
Revenue Per Share
2.86
Gross Profit TTM
198.88M
Debt / Equity
0.65
ROE
11.99%
Net Debt
455.56M
ROCE
10.07%
Diluted EPS TTM
0.83

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 172.55M 174.35M -12.90M 16.04M 27.68M
Minority interest - - 18.11M 17.20M 17.00M
Net income 172.55M 174.35M 20.37M -10.78M 27.68M
Selling general administrative 21.80M 22.50M 21.50M 20.64M 19.24M
Gross profit 210.02M 194.87M 32.22M 65.17M 75.23M
Reconciled depreciation 49.52M 52.36M 54.27M 50.31M 48.07M
Ebit 132.55M 116.38M -45.55M 44.05M 54.15M
Ebitda 182.07M 168.74M 8.71M 93.42M 102.22M
Depreciation and amortization 49.52M 52.36M 54.27M 49.37M 48.07M
Operating income 132.55M 116.38M -45.55M 44.05M 55.89M
Other operating expenses 165.07M 156.66M 187.44M 153.65M 137.20M
Interest expense 17.14M 14.72M 21.23M 26.82M 25.71M
Interest income 10.74M 16.27M 0.60M 27.30M 27.23M
Net interest income -19.72M -18.35M -23.00M -27.91M -27.67M
Income tax expense -49.52M -37.65M -33.28M 26.82M 28.20M
Total revenue 349.72M 329.03M 198.16M 197.76M 193.19M
Total operating expenses 25.37M 22.50M 21.50M 21.05M 19.24M
Cost of revenue 139.70M 134.17M 165.94M 132.59M 117.96M
Total other income expense net 40.00M 57.97M 32.65M -28.01M -0.76M
Net income from continuing ops 172.55M 174.35M -12.90M 16.04M 27.68M
Net income applicable to common shares 163.58M 163.56M -25.31M 4.34M 16.30M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 1403.10M 1339.82M 1245.92M 1094.32M 1105.63M
Other current assets 10.01M 32.87M 31.34M 22.03M 21.46M
Total liab 571.48M 547.30M 474.00M 415.08M 660.88M
Total stockholder equity 831.62M 792.51M 771.92M 679.24M 427.55M
Deferred long term liab - - 0.51M 0.88M 0.16M
Other current liab 11.84M 9.66M 27.75M 5.84M 9.23M
Common stock 0.10M 0.11M 0.12M 0.12M 0.10M
Capital stock 0.14M 0.15M 0.16M 0.18M 0.16M
Retained earnings 507.34M 439.46M 392.79M 253.86M 90.31M
Other liab - - 11.88M 10.59M 6.17M
Other assets - - 22.80M 73.88M 28.73M
Cash 81.08M 48.19M 49.19M 101.00M 90.04M
Cash and equivalents - - 114.38M 101.00M 90.04M
Total current liabilities 86.47M 55.73M 91.32M 88.69M 104.72M
Current deferred revenue 6.54M 10.85M 9.52M 11.01M 6.22M
Net debt 455.56M 458.98M 365.18M 276.65M 517.63M
Short term debt 58.19M 24.78M 43.56M 61.86M 75.78M
Short long term debt 58.19M 24.78M 43.56M 39.91M 75.78M
Short long term debt total 536.64M 507.92M 414.36M 377.65M 607.67M
Other stockholder equity 324.14M 352.90M 378.97M 425.20M 337.08M
Property plant equipment - - 1077.40M 896.33M 942.16M
Total current assets 165.39M 146.72M 157.70M 124.12M 134.73M
Net tangible assets - - 771.88M 679.24M 444.75M
Short term investments 44.34M 39.73M 64.19M 1.08M 11.78M
Net receivables 15.08M 9.28M 7.16M 8.75M 5.49M
Long term debt 478.45M 482.39M 370.81M 315.80M 531.88M
Inventory 14.88M 16.65M 17.32M 8.65M 12.04M
Accounts payable 9.90M 10.44M 10.49M 9.98M 13.48M
Accumulated other comprehensive income - -0.11M - - -
Non currrent assets other 8.18M 0.27M 10.82M 17.39M 19.61M
Non current assets total 1237.70M 1193.10M 1088.22M 970.20M 970.89M
Capital lease obligations - - 0.00M 21.95M -
Long term debt total - - 370.81M 315.80M 550.00M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -0.23M 0.01M 15.66M 2.46M -63.67M
Change to liabilities -1.65M 5.26M 8.53M 3.07M 4.75M
Total cashflows from investing activities -229.40M 8.60M -34.78M -36.78M -63.67M
Net borrowings 46.30M -265.73M 10.40M 26.24M 7.79M
Total cash from financing activities -40.10M -225.90M -9.29M 8.54M -15.58M
Change to operating activities 4.08M 1.06M 3.02M -4.21M 1.53M
Net income 172.55M 174.35M -12.90M 16.04M 27.68M
Change in cash -52.17M -0.94M 19.55M 30.05M 6.08M
Begin period cash flow 111.25M 112.19M 92.64M 62.59M 56.51M
End period cash flow 59.09M 111.25M 112.19M 92.64M 62.59M
Total cash from operating activities 218.00M 217.20M 63.38M 58.28M 85.45M
Issuance of capital stock 0.00M 71.54M 0.00M - -
Depreciation 49.52M 52.36M 54.27M 50.31M 48.07M
Other cashflows from investing activities -46.13M 8.60M -34.80M -34.80M -63.70M
Dividends paid -33.63M -11.20M -11.50M -11.49M 11.39M
Change to inventory -13.18M 3.90M -3.53M -5.54M 0.09M
Change to account receivables 1.61M -3.20M 10.47M -4.22M -0.53M
Sale purchase of stock -46.37M -17.71M -6.10M -4.15M -10.11M
Other cashflows from financing activities 253.17M 176.00M -2.10M -2.05M -1.88M
Change to netincome 3.04M -9.51M 1.81M 0.51M 0.30M
Capital expenditures 183.28M 109.23M 50.44M 39.24M 45.93M
Change in working capital -9.07M 6.70M 18.48M -10.42M 7.61M
Stock based compensation 0.12M 0.12M 0.12M 0.12M 0.12M
Other non cash items 4.88M 2.90M 1.97M 2.12M 1.79M
Free cash flow 34.72M 107.97M 12.93M 19.04M 39.52M

Peer Comparison*

Sector: Industrials Industry: Marine Shipping

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SB
Safe Bulkers Inc		 0.08
1.02%		 7.92 4.52 2.10 1.28 0.47 2.62 4.31
AMKAF
AP Moeller - Maersk A/S A		 -
-%		 2874.21 13.59 2500.00 0.66 0.63 0.79 3.81
AMKBY
AP Moeller-Maersk AS		 0.09
0.61%		 14.75 13.25 2500.00 0.65 0.63 0.80 3.88
AMKBF
A.P. Møller - Mærsk A/S		 -
-%		 2891.00 12.94 2500.00 0.63 0.60 0.79 3.81
ICTEF
International Container Terminal Services Inc		 -
-%		 12.98 28.04 22.42 8.70 17.16 9.66 15.21

Profile*

Safe Bulkers Inc

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services internationally. It owns and operates a fleet of dry bulk vessels for transporting bulk cargoes comprising coal, grain, and iron ore. The company's fleet consists of 46 vessels, including 8 Panamax class vessels, 13 Kamsarmax class vessels, 17 post-Panamax class vessels, and 8 Capesize class vessels with an aggregate carrying capacity of 4,641,600 deadweight tons. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

Les Acanthes, Monaco, Monaco, 98000

30 2 111 888 400

https://www.safebulkers.com

941

Name Title Year Born
Mr. Polys Hajioannou Chairman & CEO 1967
Dr. Loukas Barmparis Pres, Sec. & Director 1963
Mr. Konstantinos Adamopoulos CFO, Treasurer & Director 1963
Mr. Ioannis Foteinos COO & Director 1959
Dr. Loukas Barmparis President, Secretary & Director 1963

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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