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Safe Bulkers Inc

Industrials US SB

3.455USD
-0.115(3.22%)

Last update at 2024-12-30T14:48:00Z

Day Range

3.403.48
LowHigh

52 Week Range

2.564.10
LowHigh

Fundamentals

  • Previous Close 3.57
  • Market Cap455.31M
  • Volume194925
  • P/E Ratio6.18
  • Dividend Yield4.90%
  • EBITDA150.37M
  • Revenue TTM288.77M
  • Revenue Per Share TTM2.50
  • Gross Profit TTM 260.21M
  • Diluted EPS TTM0.66

Analyst Recommendations

Financials

Income Statement

Balancesheet

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 -12.90500M 16.04M 27.68M
Minority interest - - 18.11M 17.20M 17.00M
Net income 172.55M 174.35M 20.37M -10.77700M 27.68M
Selling general administrative 21.80M 22.50M 21.50M 20.64M 19.24M
Selling and marketing expenses - - - - -
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 -45.55400M 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
Non operating income net other - - - - -
Operating income 132.55M 116.38M -45.55400M 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
Tax provision - - - - -
Interest income 10.74M 16.27M 0.60M 27.30M 27.23M
Net interest income -19.71600M -18.34600M -22.99600M -27.91300M -27.66600M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -49.51800M -37.64500M -33.27700M 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 -28.01300M -0.75700M
Discontinued operations - - - - -
Net income from continuing ops 172.55M 174.35M -12.90500M 16.04M 27.68M
Net income applicable to common shares 163.58M 163.56M -25.31300M 4.34M 16.30M
Preferred stock and other adjustments - - - - -
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
Total assets 1245.92M 1094.32M 1105.63M 1114.64M 1076.20M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 31.34M 22.03M 21.46M 29.61M 19.18M
Total liab 474.00M 415.08M 660.88M 624.70M 593.37M
Total stockholder equity 771.92M 679.24M 427.55M 472.74M 465.83M
Deferred long term liab 0.51M 0.88M 0.16M 0.26M 0.04M
Other current liab 27.75M 5.84M 9.23M 6.72M 6.91M
Common stock 0.12M 0.12M 0.10M 0.10M 0.10M
Capital stock 0.16M 0.18M 0.16M 0.16M 0.16M
Retained earnings 392.79M 253.86M 90.31M 115.62M 111.28M
Other liab 11.88M 10.59M 6.17M 0.92M 0.25M
Good will - - - - -
Other assets 22.80M 73.88M 28.73M 33.95M 19.65M
Cash 49.19M 101.00M 90.04M 78.94M 51.88M
Cash and equivalents 114.38M 101.00M 90.04M 78.94M 51.88M
Total current liabilities 91.32M 88.69M 104.72M 86.78M 54.61M
Current deferred revenue 9.52M 11.01M 6.22M 3.04M 5.41M
Net debt 365.18M 276.65M 517.63M 522.11M 522.81M
Short term debt 43.56M 61.86M 75.78M 64.05M 36.19M
Short long term debt 43.56M 39.91M 75.78M 64.05M 36.19M
Short long term debt total 414.36M 377.65M 607.67M 601.05M 574.69M
Other stockholder equity 378.97M 425.20M 337.08M 356.96M 671.46M
Property plant equipment 1077.40M 896.33M 942.16M 944.71M 955.29M
Total current assets 157.70M 124.12M 134.73M 135.99M 101.26M
Long term investments - - - - -
Net tangible assets 771.88M 679.24M 444.75M 472.69M 465.78M
Short term investments 64.19M 1.08M 11.78M 27.44M 29.89M
Net receivables 7.16M 8.75M 5.49M 16.07M 12.22M
Long term debt 370.81M 315.80M 531.88M 554.20M 555.51M
Inventory 17.32M 8.65M 12.04M 9.27M 4.14M
Accounts payable 10.49M 9.98M 13.48M 12.96M 6.11M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -367.37000M -317.06000M
Additional paid in capital - - - - -
Common stock total equity - - - 0.10M 0.10M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -0.73700M
Accumulated amortization - - - - -
Non currrent assets other 10.82M 17.39M 19.61M 14.65M 11.05M
Deferred long term asset charges - - - - -
Non current assets total 1088.22M 970.20M 970.89M 978.65M 974.94M
Capital lease obligations 0.00000M 21.95M - - -
Long term debt total 370.81M 315.80M 550.00M 554.20M 555.51M
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 -0.22940M 0.00860M 15.66M 2.46M -63.67000M
Change to liabilities -1.64800M 5.26M 8.53M 3.07M 4.75M
Total cashflows from investing activities -229.40400M 8.60M -34.78400M -36.78500M -63.67000M
Net borrowings 46.30M -265.73200M 10.40M 26.24M 7.79M
Total cash from financing activities -40.10000M -225.90000M -9.29300M 8.54M -15.58000M
Change to operating activities 4.08M 1.06M 3.02M -4.20900M 1.53M
Net income 172.55M 174.35M -12.90500M 16.04M 27.68M
Change in cash -52.16800M -0.93800M 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 0.00000M 71.54M 0.00000M - -
Depreciation 49.52M 52.36M 54.27M 50.31M 48.07M
Other cashflows from investing activities -46.12800M 8.60M -34.80000M -34.80000M -63.70000M
Dividends paid -33.62600M -11.19800M -11.49700M -11.49500M 11.39M
Change to inventory -13.17600M 3.90M -3.53100M -5.54000M 0.09M
Change to account receivables 1.61M -3.19800M 10.47M -4.21700M -0.53400M
Sale purchase of stock -46.37200M -17.70700M -6.10100M -4.15300M -10.10500M
Other cashflows from financing activities 253.17M 176.00M -2.10000M -2.05200M -1.87600M
Change to netincome 3.04M -9.51200M 1.81M 0.51M 0.30M
Capital expenditures 183.28M 109.23M 50.44M 39.24M 45.93M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -9.07400M 6.70M 18.48M -10.41900M 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

Company 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		 -0.115 3.22% 3.46 6.18 2.10 1.50 0.56 2.77 7.41
CICOY
COSCO SHIPPING Holdings Co Ltd ADR		 -0.18 2.20% 8.00 4.54 5.81 0.15 0.79 0.54 2.00
CICOF
COSCO SHIPPING Holdings Co. Ltd		 - -% 1.63 4.65 5.66 0.14 0.78 0.54 2.02
AMKBF
A.P. Møller - Mærsk A/S		 - -% 1680.00 7.17 35.46 0.51 0.47 0.70 2.73
AMKAF
AP Moeller - Maersk A/S A		 - -% 1723.63 6.77 33.44 0.51 0.45 0.70 2.61

Reports Covered

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Profile

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 2023, the company had a fleet of 40 drybulk vessels having an average age of 10.5 years; and an aggregate carrying capacity of 4.5 million deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 17 post- Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

Safe Bulkers Inc

Les Acanthes, Monaco, Monaco, 98000

Key Executives

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

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