Costamare Bulkers Holdings Limited (CMDB) vs Safe Bulkers, Inc (SB)

Costamare Bulkers Holdings Limited and Safe Bulkers, Inc are both Marine Shipping companies. Safe Bulkers, Inc is the larger, with a market value of $939.1M against $554.1M — 1.7× the size. Safe Bulkers, Inc trades at the lower P/E: 10.4× against 13.1×. Safe Bulkers, Inc has the higher net margin (25.7% vs 0.00%) and the higher return on invested capital (5.56% vs 0.00%). Across the 13 metrics below, Safe Bulkers, Inc leads on 7 and Costamare Bulkers Holdings Limited on 6.

Valuation

Metric CMDB SB Marine Shipping median
P/E 13.11 10.42 6.89
P/S n/m 2.69 1.92
P/B 0.78 1.00 0.90
Price to free cash flow 4.01 n/m 4.62
EV/EBITDA n/m 10.85 6.57
EV/Sales n/m 3.92 2.73
Earnings yield 7.63% 9.59% 9.59%
Free cash flow yield 24.96% (5.41%) 16.76%

Profitability

Metric CMDB SB Marine Shipping median
Gross margin — 63.42% 60.61%
Operating margin — 36.11% 27.74%
Net margin 0.00% 25.69% 25.21%
Free cash flow margin 0.00% (14.56%) 17.29%
Return on equity (0.90%) 0.00% 8.62%
Return on assets (0.67%) 5.57% 5.35%
Return on invested capital 0.00% 5.56% 5.32%

Growth

Metric CMDB SB Marine Shipping median
Revenue growth (TTM) — 10.81% 13.26%
EPS growth (last fiscal year) (280.65%) (63.86%) —
Revenue growth, 5-year CAGR — 6.83% 11.77%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric CMDB SB Marine Shipping median
Debt to equity 0.23 0.59 0.52
Current ratio 3.33 1.00 1.63
Net debt to EBITDA (17.24) 2.88 2.34

Dividend

Metric CMDB SB Marine Shipping median
Dividend yield — 4.85% 5.54%
Payout ratio — 0.21 0.13

Size

Metric CMDB SB Marine Shipping median
Market cap 554.07m 939.13m 420.73m

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