Safe Bulkers, Inc SB

8.13 (0.12) (1.45%) as of 25 Sep
Market cap
$939.1M
P/E
10.4×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 37.72%

Capital & Financial Ratios

Market Cap 939.13
Revenue 307.50
Net Income 86.98
Free Cash Flow (44.78)
Net Debt 376.91
Current Ratio 1.00
Debt/Equity 0.59
P/E ratio 10.42
P/S ratio 2.69
P/B ratio 1.00
Past 5Y EPS Growth 81.06%
This Y EPS Growth 210.94%
Next Y EPS Growth (41.71%)
Next 5Y EPS Growth 20.51%
in millions of $

Dividends

Payout Ratio 0.21
Annual Dividend Rate 0.20
Annual Dividend Yield 4.85%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.29
0.05
0.06
0.08
2025 0.20
0.05
0.05
0.05
0.05
2024 0.20
0.05
0.05
0.05
0.05
2023 0.25
0.05
0.05
0.05
0.05
0.05
2022 0.20
0.05
0.05
0.05
0.05
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 90 128 158 135
Receivables 9 14 11 —
Inventory 17 15 19 —
Other 25 1 7 77
147 165 201 211
2023 2024 2025 Q'26
Payables 10 10 13 —
ST’ Debt 25 58 42 172
Other 12 7 5 39
56 86 69 211
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 8.03% 6.83% (7.62%)
Cash Flow 14.89% 10.05% (22.30%)
Earnings 0.00% 0.00% (42.83%)
Book Value 2.74% 13.31% 2.48%

Revenue

Mar Jun Sep Dec Year
’26 74 87 — — —
’25 64 66 73 73 276
’24 82 79 76 71 308
’23 67 71 65 82 284
’22 78 92 94 87 350
’21 63 82 92 92 329
’20 46 48 52 52 198
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 35 43 — — —
’25 30 19 20 33 102
’24 36 40 25 29 130
’23 33 29 22 39 122
’22 61 64 37 56 218
’21 39 86 68 63 217
’20 3 20 15 63 63
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 35 (17) — — —
’25 30 (12) 20 15 84
’24 36 40 25 (37) 64
’23 33 29 22 (139) (56)
’22 61 64 37 (110) 52
’21 39 87 54 75 215
’20 3 (13) 15 13 13
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.20 0.33 — — —
’25 0.05 0.00 0.15 0.10 0.30
’24 0.21 0.24 0.22 0.16 0.83
’23 0.15 0.12 0.12 0.23 0.61
’22 0.28 0.40 0.41 0.28 1.36
’21 0.18 0.27 0.44 0.51 1.44
’20 (0.12) (0.16) 0.00 0.04 (0.25)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
0.30 1.17 1.61 1.28 0.74 1.31 2.35 2.71 3.40 3.02

Analyst estimates 2026–2028

Powerpack
Low Price
2.38 3.79 4.00 2.38 1.75 5.44 5.12 4.10 6.33 5.54
High Price
820 797 844 952 952 916 914 948 941 933
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
110 148 193 198 198 329 350 284 308 276
Revenue
47.89% 61.68% 63.82% 58.39% 43.65% 75.14% 74.21% 61.02% 64.46% 57.64%
Gross Margin
(56) (85) 28 16 (13) 174 173 77 97 39
EBT
(50.98%) (57.20%) 14.33% 8.11% (6.51%) 52.99% 49.34% 27.20% 31.65% 13.99%
EBT Margin
(56) (85) 28 16 (13) 174 173 77 97 39
Net Income
53 54 50 52 56 55 52 57 61 63
Depreciation
1.30 1.47 1.90 1.94 1.93 2.89 2.90 2.50 2.86 2.68
Revenue/Sh
(0.83) (0.98) 0.16 0.04 (0.25) 1.44 1.36 0.61 0.83 0.30
Earnings/Sh
0.16 0.50 0.84 0.57 0.62 1.91 1.81 1.08 1.21 0.99
Cash Flow/Sh
(0.35) (0.39) (0.45) (0.39) (0.49) (0.02) (1.38) (1.57) (0.62) (0.18)
Capex/Sh
(0.19) 0.11 0.39 0.19 0.13 1.89 0.43 (0.49) 0.59 0.81
Free CF/Sh
6.84 4.52 4.58 4.65 4.33 5.97 6.40 6.98 7.73 8.06
Book Value/Sh
85 101 102 102 103 114 121 114 108 103
Shares
0.00 0.00 11.13 34.00 0.00 2.69 2.09 6.37 4.30 16.07
PE Ratio
0.92 2.24 0.94 0.87 0.67 1.30 0.99 1.58 1.25 1.80
PS Ratio
0.17 0.73 0.39 0.37 0.30 0.63 0.45 0.57 0.46 0.60
PB Ratio
5.35 5.67 3.49 3.38 3.21 2.07 1.84 3.05 2.58 3.20
EV/Sales
(2.83) (4.08) (7.55) (65.16) (9.44) 3.34 12.77 (3.86) (2.95) (4.58)
EV/FCF
13 50 85 58 63 217 218 122 130 102
Op' Cash Flow
(29) (39) (46) (39) (50) (2) (166) (178) (67) (19)
Capex
(16) 11 40 19 13 215 52 (56) 64 84
FCF
87 42 47 49 30 35 66 91 79 132
Working Cap'
582 567 575 601 608 356 414 507 537 540
Total Debt
487 507 493 495 502 254 300 417 408 382
Net Debt
579 456 466 473 445 679 772 793 832 831
Sh' Equity
(5.64%) (8.98%) 1.54% 0.40% (2.28%) 14.87% 13.98% 5.36% 6.52% 2.18%
ROA
(1.84%) (4.49%) 3.64% 2.85% 0.69% 12.82% 10.77% 5.38% 6.47% 3.61%
ROIC
(11.54%) (19.16%) 3.54% 0.93% (5.52%) 29.11% 22.55% 8.87% 11.01% 3.68%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Safe Bulkers, Inc (SB) key facts

  • Safe Bulkers, Inc (SB) is a Marine Shipping company in the Industrials sector, listed on the New York Stock Exchange.
  • Safe Bulkers, Inc’s revenue for fiscal 2025 (year ended December 2025) was $275.7 million, down 10.4% from fiscal 2024.
  • As of September 25, 2026, SB traded at $8.13, a market capitalization of $939.1 million.
  • Safe Bulkers, Inc pays an annual dividend of $0.20 per share, a yield of 4.85%, with a payout ratio of 20.8%.
  • Return on equity was 3.68% and debt-to-equity 0.59.

Source: company filings (standardised) and stockrow calculations.

Safe Bulkers, Inc (SB) Latest News

News by impact score

Fine-tune

27 Aug

4

Safe Bulkers Inc reported adjusted EBITDA nearly doubling to $50 million in its Q2 2026 earnings call. Doubled adjusted EBITDA reflects major financial gains likely to shift company trajectory and investor views.

30 Jul

3 transcript

Safe Bulkers Q2 earnings call provided updates on financial performance and operations. Q2 earnings details offer key insights into Safe Bulkers' operational and financial status.

29 Jul

4 transcript

Safe Bulkers, Inc. conducted its Q2 2026 earnings call covering financial results, operational updates and forward outlook for the dry bulk shipping company. Quarterly earnings figures and guidance directly shape near-term valuation and trading activity for SB shares.

28 Jul

3

Safe Bulkers reported financial results for the second quarter and six-month period ended June 30, 2026, and declared a dividend on common stock. Q2 and first-half financial results plus dividend declaration can move Safe Bulkers share price and near-term sentiment.

14 Jul

3

Safe Bulkers leadership shares forward-looking insights on shipping developments for Q2 2026. Leadership commentary offers moderate strategic signals that may influence sentiment without major operational shifts.

18 Jun

3

Safe Bulkers Inc (SB) Q1 2026 earnings call highlights strong financial performance. Q1 2026 earnings with strong results can moderately affect near-term investor sentiment and share price.

3 transcript

Safe Bulkers, Inc. held its Q1 2026 earnings call covering financial results, fleet operations, and forward outlook. Quarterly earnings and guidance directly inform near-term financial expectations and market sentiment.

26 May

3

Safe Bulkers, Inc. completes dual listing on the main market of Euronext Athens Stock Exchange. Dual listing expands European investor access and share liquidity.

11 May

4

Safe Bulkers, Inc. announces recapitalization agreements for acquiring four newbuild dry-bulk vessels. Acquiring four newbuild dry-bulk vessels represents a major fleet expansion that strengthens operational capacity and market position.

7 Apr

3

Safe Bulkers, Inc. leadership provides insights on navigating the future of shipping during Q1 2026. Leadership insights on shipping future moderately influence strategic outlook and investor sentiment.

23 Feb

4

Safe Bulkers Q4 earnings call highlights key financial results, operational performance, fleet updates, dividend declarations, and outlook for dry bulk shipping market. Q4 earnings highlights detail financial performance and strategic guidance directly impacting stock price and investor outlook.

20 Feb

4

Safe Bulkers Inc (SB) Q4 2025 earnings call highlights strategies for navigating market volatility amid operational updates. Q4 2025 earnings highlights detail Safe Bulkers' navigation of market volatility, signaling major strategic shifts impacting financial trajectory and investor outlook.

19 Feb

4 transcript

Safe Bulkers, Inc. (SB) Q4 2025 earnings call transcript covers financial results, operational updates, market outlook, and management guidance for the quarter. Q4 2025 earnings details and forward guidance directly shape investor expectations and stock performance trajectory.

3

Safe Bulkers, Inc. released Q4 2025 earnings call summary covering financial results, operational updates, and future outlook. Q4 earnings call summary reveals financial performance and guidance that moderately influence investor sentiment and stock trajectory.

18 Feb

4

Safe Bulkers, Inc. reported fourth quarter 2025 financial results and declared a dividend on common stock. Q4 earnings results and dividend declaration signal strong financial health, likely boosting investor confidence and stock performance.

3

Safe Bulkers, Inc. (SB) released its Q4 earnings snapshot, detailing quarterly financial results including revenue, EPS, and comparisons to expectations. Q4 earnings snapshot provides key financial metrics that moderately influence investor sentiment and short-term stock performance.

13 Feb

3

Safe Bulkers, Inc. has announced the sale of a 2012-built Capesize class dry-bulk vessel. The transaction is part of the company's strategy to optimize its fleet and enhance operational efficiency. Details regarding the sale price and the buyer have not been disclosed. This move aligns with the company's ongoing efforts to manage its assets effectively in the competitive shipping market. The sale of the vessel may moderately influence the company's financial performance and operational strategy.

9 Feb

3

Safe Bulkers, Inc. (NYSE:SB) is currently trading at US$5.58, prompting investors to consider its potential value. The company operates in the shipping industry, focusing on dry bulk transportation. Analysts are evaluating its financial performance, market position, and future growth prospects amid fluctuating market conditions. Investors are encouraged to assess the company's fundamentals and market trends before making investment decisions. Current market conditions and company performance may moderately influence Safe Bulkers' financial outlook and investor sentiment.

22 Jan

4

Safe Bulkers, Inc. has announced an agreement to acquire two newbuild Kamsarmax class dry-bulk vessels. This acquisition is part of the company's strategy to expand its fleet and enhance operational capabilities in the dry bulk shipping sector. The acquisition of new vessels is a significant strategic move that could enhance operational capacity and market positioning.

20 Jan

4

Insiders of Safe Bulkers, Inc. (NYSE:SB) hold a significant 31% ownership stake in the company, indicating a strong alignment of interests between management and shareholders. This level of insider ownership can enhance investor confidence and may influence the company's strategic decisions positively. The substantial stake suggests that insiders are likely to be motivated to drive the company's performance and shareholder value. High insider ownership typically leads to greater alignment with shareholder interests, which can significantly impact company performance and investor sentiment.

14 Jan

4

Safe Bulkers, Inc. outlines its strategic vision for the shipping industry in Q4 2025, emphasizing advancements in technology and sustainability. The company plans to enhance operational efficiency and reduce environmental impact through innovative practices. Leadership highlights the importance of adapting to market changes and regulatory pressures while maintaining a competitive edge. Future investments are aimed at modernizing the fleet and improving service offerings to meet evolving customer demands. Strategic initiatives focused on technology and sustainability are likely to significantly impact the company's future performance and market positioning.

1 Dec

3

Safe Bulkers, Inc. has announced a repurchase program for up to ten million shares of its common stock. This initiative aims to enhance shareholder value and reflects the company's confidence in its financial position. The program will be executed in accordance with applicable laws and regulations, and the timing and amount of repurchases will depend on market conditions and other factors. The share repurchase program is expected to moderately influence investor sentiment and financial performance.

26 Nov

3

Safe Bulkers, Inc. reported its Q3 2025 earnings, highlighting challenges in the charter market. The company faced pressure on charter rates and operational costs, impacting profitability. Despite these hurdles, management remains optimistic about long-term strategies and market recovery. Key initiatives include fleet modernization and strategic partnerships aimed at enhancing operational efficiency. The outlook reflects cautious optimism, with expectations for gradual improvement in market conditions. Current market challenges are expected to moderately influence financial performance and operational strategies.

25 Nov

3

Safe Bulkers, Inc. reported its Q3 earnings, highlighting key financial metrics and operational performance. The company experienced fluctuations in revenue and expenses, reflecting broader market conditions. Investors are keenly observing these results to gauge future performance and strategic direction. Earnings results may moderately influence investor sentiment and financial performance but are balanced by other market factors.

3

Safe Bulkers, Inc. reported its financial results for the third quarter of 2025, highlighting key performance metrics and financial figures. The company also declared a dividend on its common stock, reflecting its ongoing commitment to returning value to shareholders. The results indicate a stable operational performance amid market conditions. The financial results and dividend declaration suggest a moderately noticeable influence on the company's market performance and investor sentiment.

21 Nov

4

Safe Bulkers, Inc. (SB) is highlighted among three growth companies with high insider ownership, projecting earnings growth of up to 67%. The company is positioned to benefit from favorable market conditions and strategic initiatives aimed at enhancing operational efficiency and profitability. Insider ownership suggests strong confidence from management in the company's future performance, potentially attracting investor interest. High insider ownership and projected earnings growth indicate significant confidence in the company's future performance and market positioning.

23 Oct

3

Safe Bulkers, Inc. (SB) is highlighted as one of three growth stocks with high insider ownership, indicating strong confidence from management in the company's future. The article emphasizes the importance of insider ownership as a positive signal for investors, suggesting that executives believe in the company's growth potential. This ownership can align the interests of management with those of shareholders, potentially leading to better performance and strategic decisions. Investors are encouraged to consider these stocks for their portfolios as they may offer promising growth opportunities. High insider ownership can positively influence investor sentiment and company performance.

13 Oct

4

Safe Bulkers, Inc. provided insights into its operational strategies and market outlook for Q3 2025, highlighting challenges and opportunities in the shipping industry. The company emphasized its commitment to sustainability and technological advancements while navigating fluctuating market conditions. Key performance metrics were discussed, alongside expectations for future growth and profitability. Significant strategic moves and a focus on sustainability could notably influence the company's future performance and market positioning.

6 Oct

4

Safe Bulkers, Inc (NYSE:SB) has seen a remarkable 401% increase in stock value over the past five years, reflecting strong performance in the shipping industry. The company's strategic decisions and market conditions have contributed to this significant growth, attracting attention from investors. Analysts highlight the potential for continued success as the company navigates future challenges and opportunities in the maritime sector. The substantial increase in stock value indicates significant investor confidence and potential for future growth in the shipping industry.

16 Sep

3

Safe Bulkers, Inc. held its 2025 Annual Meeting of Stockholders, where key decisions were made regarding the company's governance and future direction. Shareholders voted on various proposals, including the election of directors and approval of executive compensation. The meeting highlighted the company's commitment to transparency and shareholder engagement. Decisions made during the meeting may influence governance and operational strategies, impacting overall performance.

stockrow.com/SB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com