SB
Safe Bulkers, Inc.
Price Chart
Latest Quote
$8.06
-0.07 (-0.86%)
Current Price
| Previous Close | $8.13 |
| Open | $8.15 |
| Day High | $8.22 |
| Day Low | $8.00 |
| Volume | 661,532 |
Stock Information
| Quarterly Dividend / Yield | $0.30 / 3.69% |
| Shares Outstanding | 113.83M |
| Quarterly Dividend Yield | 3.69% |
| Quarterly Dividend | $0.30 |
| Total Debt | $511.45M |
| Cash Equivalents | $134.54M |
| Revenue | $307.50M |
| Net Income | $78.98M |
| Sector | Industrials |
| Industry | Marine Shipping |
| Market Cap | $917.50M |
| P/E Ratio | 10.47 |
| EPS (TTM) | $0.77 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.20B |
| Sales | $307.50M |
| Income | $78.98M |
| Book/sh | $8.55 |
| Cash/sh | $1.18 |
| Employees | 10 |
Financial Ratios
| Quick Ratio | 0.64 |
| Current Ratio | 1.00 |
| Debt/Eq | 58.77 |
| EPS Growth TTM | 1970.50% |
Returns & Margins
| ROA | 4.51% |
| ROE | 10.32% |
| Gross Margin | 63.64% |
| Operating Margin | 41.06% |
| Profit Margin | 28.29% |
Ownership
| Insider Ownership | 43.94% |
| Institutional Ownership | 34.73% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 11.51 |
| PEG | 3.33 |
| P/S | 2.98 |
| P/B | 0.94 |
Analyst Data
| Recommendation | none |
| Target Price | $9.50 |
Technical Indicators
| SMA20 | $8.33 |
| SMA50 | $8.47 |
| SMA200 | $6.94 |
| RSI | 41.48 |
| ATR | 0.3011 |
| Shares Float | 51.07M |
| Short Float | 6.16% |
| Short Ratio | 1.60 |
| Rel Volume | 0.62 |
Performance History
| Week | +2.94% |
| Month | -2.30% |
| Quarter | +7.41% |
| 6 Months | +23.04% |
| YTD | +71.48% |
| Year | +86.12% |
| 3 Years | +176.22% |
| 5 Years | +110.99% |
| 10 Years | +653.53% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-10-27 | $8.06 | 661,532 |
| 2026-10-26 | $8.13 | 913,400 |
| 2026-10-23 | $8.09 | 640,900 |
| 2026-10-22 | $7.92 | 776,600 |
| 2026-10-21 | $8.05 | 853,200 |
| 2026-10-20 | $7.83 | 790,500 |
| 2026-10-19 | $7.81 | 1,361,400 |
| 2026-10-16 | $7.83 | 1,015,700 |
| 2026-10-15 | $8.02 | 1,277,700 |
| 2026-10-14 | $8.22 | 1,183,000 |
| 2026-10-13 | $8.66 | 1,111,100 |
| 2026-10-12 | $8.64 | 828,200 |
| 2026-10-09 | $8.53 | 693,700 |
| 2026-10-08 | $8.82 | 1,414,200 |
| 2026-10-07 | $8.45 | 954,400 |
| 2026-10-06 | $8.58 | 955,100 |
| 2026-10-05 | $8.75 | 1,170,900 |
| 2026-10-02 | $8.81 | 1,258,800 |
| 2026-10-01 | $8.94 | 1,684,800 |
| 2026-09-30 | $8.54 | 1,925,900 |
| 2026-09-29 | $8.30 | 2,135,800 |
| 2026-09-28 | $8.25 | 1,846,900 |
About Safe Bulkers, Inc.
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services internationally. The company owns and operates a fleet of dry bulk vessels for transporting bulk cargoes comprising coal, grain, and iron ore. Its fleet consists of 45 vessels, including 8 Panamax class vessels, 12 Kamsarmax class vessels, 17 post-Panamax class vessels, and 8 Capesize class vessels with an aggregate carrying capacity of 4,559,000 deadweight tons. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $176,676,000 | $167,464,000 | $164,996,000 | $139,698,000 |
| Cost Of Revenue | $176,676,000 | $167,464,000 | $164,996,000 | $139,698,000 |
| Total Revenue | $275,737,000 | $307,633,000 | $284,401,000 | $349,718,000 |
| Operating Revenue | $284,375,000 | $316,553,000 | $290,440,000 | $351,006,000 |
| Expenses | ||||
| Interest Expense | $30,343,000 | $31,375,000 | $24,707,000 | $17,138,000 |
| Total Expenses | $210,366,000 | $195,761,000 | $190,628,000 | $165,070,000 |
| Other Income Expense | $1,877,000 | $17,057,000 | $9,025,000 | $7,622,000 |
| Net Non Operating Interest Income Expense | $-28,685,000 | $-31,553,000 | $-25,447,000 | $-19,716,000 |
| Total Other Finance Cost | $3,462,000 | $3,574,000 | $3,237,000 | $3,361,000 |
| Interest Expense Non Operating | $30,343,000 | $31,375,000 | $24,707,000 | $17,138,000 |
| Operating Expense | $33,690,000 | $28,297,000 | $25,632,000 | $25,372,000 |
| Other Operating Expenses | $3,837,000 | $1,262,000 | $1,869,000 | $3,570,000 |
| General And Administrative Expense | $29,853,000 | $27,035,000 | $23,763,000 | $21,802,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $38,563,000 | $97,376,000 | $77,351,000 | $172,554,000 |
| Net Interest Income | $-28,685,000 | $-31,553,000 | $-25,447,000 | $-19,716,000 |
| Interest Income | $5,120,000 | $3,396,000 | $2,497,000 | $783,000 |
| Normalized Income | $37,155,250 | $84,583,250 | $70,582,250 | $166,837,500 |
| Net Income From Continuing And Discontinued Operation | $38,563,000 | $97,376,000 | $77,351,000 | $172,554,000 |
| Total Operating Income As Reported | $69,967,000 | $128,427,000 | $104,148,000 | $184,648,000 |
| Net Income Common Stockholders | $30,563,000 | $89,376,000 | $69,351,000 | $163,576,000 |
| Net Income | $38,563,000 | $97,376,000 | $77,351,000 | $172,554,000 |
| Net Income Including Noncontrolling Interests | $38,563,000 | $97,376,000 | $77,351,000 | $172,554,000 |
| Net Income Continuous Operations | $38,563,000 | $97,376,000 | $77,351,000 | $172,554,000 |
| Pretax Income | $38,563,000 | $97,376,000 | $77,351,000 | $172,554,000 |
| Special Income Charges | $4,596,000 | $16,555,000 | $10,375,000 | $0 |
| Interest Income Non Operating | $5,120,000 | $3,396,000 | $2,497,000 | $783,000 |
| Operating Income | $65,371,000 | $111,872,000 | $93,773,000 | $184,648,000 |
| Gross Profit | $99,061,000 | $140,169,000 | $119,405,000 | $210,020,000 |
| Per Share | ||||
| Diluted EPS | $0.30 | $0.83 | $0.61 | $1.36 |
| Basic EPS | $0.30 | $0.83 | $0.61 | $1.36 |
| Other | ||||
| Tax Effect Of Unusual Items | $469,250 | $4,264,250 | $2,256,250 | $1,905,500 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $126,907,000 | $169,829,000 | $147,162,000 | $231,588,000 |
| Total Unusual Items | $1,877,000 | $17,057,000 | $9,025,000 | $7,622,000 |
| Total Unusual Items Excluding Goodwill | $1,877,000 | $17,057,000 | $9,025,000 | $7,622,000 |
| Reconciled Depreciation | $59,878,000 | $58,135,000 | $54,129,000 | $49,518,000 |
| EBITDA (Bullshit earnings) | $128,784,000 | $186,886,000 | $156,187,000 | $239,210,000 |
| EBIT | $68,906,000 | $128,751,000 | $102,058,000 | $189,692,000 |
| Diluted Average Shares | $103,038,189 | $107,576,009 | $113,619,092 | $120,653,507 |
| Basic Average Shares | $103,038,189 | $107,576,009 | $113,619,092 | $120,653,507 |
| Diluted NI Availto Com Stockholders | $30,563,000 | $89,376,000 | $69,351,000 | $163,576,000 |
| Preferred Stock Dividends | $8,000,000 | $8,000,000 | $8,000,000 | $8,978,000 |
| Gain On Sale Of Ppe | $4,596,000 | $16,555,000 | $10,375,000 | $0 |
| Gain On Sale Of Security | $-2,719,000 | $502,000 | $-1,350,000 | $7,622,000 |
| Selling General And Administration | $29,853,000 | $27,035,000 | $23,763,000 | $21,802,000 |
| Other Gand A | $29,221,000 | $26,294,000 | $22,982,000 | $21,000,000 |
| Salaries And Wages | $632,000 | $741,000 | $781,000 | $802,000 |
| Otherunder Preferred Stock Dividend | - | - | $0 | $0 |
| Other Special Charges | - | - | - | - |
| Other Taxes | - | - | - | - |
| Insurance And Claims | - | - | - | - |
Fetched: 2026-10-19
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $830,707,000 | $831,618,000 | $792,511,000 | $771,916,000 |
| Total Assets | $1,403,182,000 | $1,403,096,000 | $1,339,816,000 | $1,245,918,000 |
| Total Non Current Assets | $1,202,581,000 | $1,237,705,000 | $1,193,095,000 | $1,088,217,000 |
| Other Non Current Assets | $9,698,000 | $7,511,000 | $8,863,000 | $8,926,000 |
| Financial Assets | $0 | $672,000 | $2,669,000 | $1,156,000 |
| Current Assets | $200,601,000 | $165,391,000 | $146,721,000 | $157,701,000 |
| Other Current Assets | $5,363,000 | $7,008,000 | $6,613,000 | $5,764,000 |
| Hedging Assets Current | $6,485,000 | $0 | $8,000 | $1,098,000 |
| Restricted Cash | $0 | $3,000,000 | $2,020,000 | $1,000,000 |
| Inventory | $19,005,000 | $14,883,000 | $16,652,000 | $17,323,000 |
| Receivables | $11,789,000 | $15,078,000 | $9,277,000 | $7,159,000 |
| Other Receivables | $2,935,000 | $1,732,000 | $491,000 | $684,000 |
| Accounts Receivable | $8,854,000 | $13,346,000 | $8,786,000 | $6,475,000 |
| Cash Cash Equivalents And Short Term Investments | $157,959,000 | $125,422,000 | $87,922,000 | $113,377,000 |
| Cash And Cash Equivalents | $141,579,000 | $81,083,000 | $48,191,000 | $49,186,000 |
| Non Current Deferred Assets | - | $0 | $255,000 | $510,000 |
| Assets Held For Sale Current | - | $0 | $24,229,000 | $11,980,000 |
| Non Current Accounts Receivable | - | - | $87,000 | $225,000 |
| Prepaid Assets | - | - | - | - |
| Debt | ||||
| Net Debt | $398,564,000 | $455,558,000 | $458,981,000 | $365,176,000 |
| Total Debt | $540,143,000 | $536,641,000 | $507,172,000 | $414,362,000 |
| Long Term Debt And Capital Lease Obligation | $497,772,000 | $478,450,000 | $482,391,000 | $370,806,000 |
| Long Term Debt | $497,772,000 | $478,450,000 | $482,391,000 | $370,806,000 |
| Current Debt And Capital Lease Obligation | $42,371,000 | $58,191,000 | $24,781,000 | $43,556,000 |
| Current Debt | $42,371,000 | $58,191,000 | $24,781,000 | $43,556,000 |
| Other Current Borrowings | $42,371,000 | $58,191,000 | $24,781,000 | $43,556,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $572,475,000 | $571,478,000 | $547,305,000 | $474,002,000 |
| Total Non Current Liabilities Net Minority Interest | $503,417,000 | $485,006,000 | $491,572,000 | $382,685,000 |
| Other Non Current Liabilities | $3,305,000 | $2,513,000 | $5,933,000 | $4,242,000 |
| Derivative Product Liabilities | $27,000 | $1,419,000 | $0 | $307,000 |
| Non Current Deferred Liabilities | $2,313,000 | $2,624,000 | $3,248,000 | $7,330,000 |
| Current Liabilities | $69,058,000 | $86,472,000 | $55,733,000 | $91,317,000 |
| Other Current Liabilities | $208,000 | - | $1,274,000 | $16,930,000 |
| Current Deferred Liabilities | $5,224,000 | $6,538,000 | $10,853,000 | $9,520,000 |
| Payables And Accrued Expenses | $21,255,000 | $21,743,000 | $18,825,000 | $21,311,000 |
| Interest Payable | $2,771,000 | $8,358,000 | $4,226,000 | $2,870,000 |
| Payables | $13,397,000 | $9,936,000 | $10,442,000 | $10,545,000 |
| Other Payable | $27,000 | $33,000 | - | $58,000 |
| Accounts Payable | $13,370,000 | $9,903,000 | $10,442,000 | $10,487,000 |
| Equity | ||||
| Common Stock Equity | $830,667,000 | $831,578,000 | $792,471,000 | $771,876,000 |
| Preferred Stock Equity | $40,000 | $40,000 | $40,000 | $40,000 |
| Total Equity Gross Minority Interest | $830,707,000 | $831,618,000 | $792,511,000 | $771,916,000 |
| Stockholders Equity | $830,707,000 | $831,618,000 | $792,511,000 | $771,916,000 |
| Retained Earnings | $517,289,000 | $507,336,000 | $439,462,000 | $392,789,000 |
| Other | ||||
| Preferred Shares Number | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Ordinary Shares Number | $102,259,402 | $105,288,996 | $111,607,828 | $118,868,317 |
| Share Issued | $102,259,402 | $105,288,996 | $111,607,828 | $118,868,317 |
| Tangible Book Value | $830,667,000 | $831,578,000 | $792,471,000 | $771,876,000 |
| Invested Capital | $1,370,810,000 | $1,368,219,000 | $1,299,643,000 | $1,186,238,000 |
| Working Capital | $131,543,000 | $78,919,000 | $90,988,000 | $66,384,000 |
| Total Capitalization | $1,328,479,000 | $1,310,068,000 | $1,274,902,000 | $1,142,722,000 |
| Additional Paid In Capital | $313,276,000 | $324,137,000 | $352,897,000 | $378,968,000 |
| Capital Stock | $142,000 | $145,000 | $152,000 | $159,000 |
| Common Stock | $102,000 | $105,000 | $112,000 | $119,000 |
| Preferred Stock | $40,000 | $40,000 | $40,000 | $40,000 |
| Non Current Deferred Revenue | $2,313,000 | $2,624,000 | $3,248,000 | $7,330,000 |
| Current Deferred Revenue | $5,224,000 | $6,538,000 | $10,853,000 | $9,520,000 |
| Current Accrued Expenses | $7,858,000 | $11,807,000 | $8,383,000 | $10,766,000 |
| Net PPE | $1,192,883,000 | $1,229,522,000 | $1,181,221,000 | $1,077,400,000 |
| Accumulated Depreciation | $-518,824,000 | $-493,921,000 | $-460,087,000 | $-437,670,000 |
| Gross PPE | $1,711,707,000 | $1,723,443,000 | $1,641,308,000 | $1,515,070,000 |
| Construction In Progress | $87,299,000 | $85,204,000 | $89,703,000 | $76,280,000 |
| Other Short Term Investments | $16,380,000 | $44,339,000 | $39,731,000 | $64,191,000 |
| Treasury Shares Number | - | - | $0 | - |
| Dueto Related Parties Current | - | - | $0 | $58,000 |
| Duefrom Related Parties Current | - | - | $14,000 | $22,000 |
| Capital Lease Obligations | - | - | - | $0 |
| Minority Interest | - | - | - | $0 |
| Current Capital Lease Obligation | - | - | - | $0 |
Fetched: 2026-10-19
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $60,300,000 | $-14,317,000 | $-86,896,000 | $34,770,000 |
| Operating Activities | ||||
| Operating Cash Flow | $102,292,000 | $130,458,000 | $122,207,000 | $218,046,000 |
| Cash Flow From Continuing Operating Activities | $102,292,000 | $130,458,000 | $122,207,000 | $218,046,000 |
| Operating Gains Losses | $1,518,000 | $-19,441,000 | $-9,697,000 | $-650,000 |
| Investing Activities | ||||
| Capital Expenditure | $-41,992,000 | $-144,775,000 | $-209,103,000 | $-183,276,000 |
| Investing Cash Flow | $9,700,000 | $-71,732,000 | $-151,726,000 | $-229,404,000 |
| Cash Flow From Continuing Investing Activities | $9,700,000 | $-71,732,000 | $-151,726,000 | $-229,404,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-11,014,000 | $-28,917,000 | $-26,222,000 | $-46,372,000 |
| Financing Cash Flow | $-52,371,000 | $-25,858,000 | $29,141,000 | $-40,101,000 |
| Cash Flow From Continuing Financing Activities | $-52,371,000 | $-25,858,000 | $29,141,000 | $-40,101,000 |
| Net Other Financing Charges | $-2,211,000 | $-3,599,000 | $-3,933,000 | $-6,405,000 |
| Cash Dividends Paid | $-28,610,000 | $-29,502,000 | $-30,678,000 | $-33,626,000 |
| Net Common Stock Issuance | $-11,014,000 | $-28,917,000 | $-26,222,000 | $-9,051,000 |
| Net Preferred Stock Issuance | - | $0 | $0 | $-37,321,000 |
| Issuance Of Capital Stock | - | - | $0 | $0 |
| Common Stock Issuance | - | - | $0 | $0 |
| Preferred Stock Dividend Paid | - | - | - | $-9,484,000 |
| Common Stock Dividend Paid | - | - | - | $-24,142,000 |
| Other | ||||
| Repayment Of Debt | $-225,486,000 | $-212,140,000 | $-165,226,000 | $-213,273,000 |
| Issuance Of Debt | $214,950,000 | $248,300,000 | $255,200,000 | $259,575,000 |
| Interest Paid Supplemental Data | $35,195,000 | $29,452,000 | $22,340,000 | $13,670,000 |
| End Cash Position | $151,254,000 | $91,558,000 | $59,061,000 | $59,086,000 |
| Beginning Cash Position | $91,558,000 | $59,061,000 | $59,086,000 | $111,254,000 |
| Effect Of Exchange Rate Changes | $75,000 | $-371,000 | $353,000 | $-709,000 |
| Changes In Cash | $59,621,000 | $32,868,000 | $-378,000 | $-51,459,000 |
| Common Stock Payments | $-11,014,000 | $-28,917,000 | $-26,222,000 | $-9,051,000 |
| Net Issuance Payments Of Debt | $-10,536,000 | $36,160,000 | $89,974,000 | $46,302,000 |
| Net Long Term Debt Issuance | $-10,536,000 | $36,160,000 | $89,974,000 | $46,302,000 |
| Long Term Debt Payments | $-225,486,000 | $-212,140,000 | $-165,226,000 | $-213,273,000 |
| Long Term Debt Issuance | $214,950,000 | $248,300,000 | $255,200,000 | $259,575,000 |
| Net Investment Purchase And Sale | $28,303,000 | $-4,953,000 | $26,604,000 | $-63,058,000 |
| Sale Of Investment | $151,812,000 | $77,035,000 | $79,474,000 | $16,759,000 |
| Purchase Of Investment | $-123,509,000 | $-81,988,000 | $-52,870,000 | $-79,817,000 |
| Net PPE Purchase And Sale | $-18,603,000 | $-66,779,000 | $-178,330,000 | $-166,346,000 |
| Sale Of PPE | $23,389,000 | $77,996,000 | $30,773,000 | $16,930,000 |
| Purchase Of PPE | $-41,992,000 | $-144,775,000 | $-209,103,000 | $-183,276,000 |
| Change In Working Capital | $-4,404,000 | $-9,980,000 | $-4,070,000 | $-9,074,000 |
| Change In Other Working Capital | $-820,000 | $-8,382,000 | $-1,045,000 | $-444,000 |
| Change In Payables And Accrued Expense | $-559,000 | $3,583,000 | $487,000 | $5,181,000 |
| Change In Accrued Expense | $-4,073,000 | $4,666,000 | $160,000 | $4,669,000 |
| Change In Payable | $3,514,000 | $-1,083,000 | $327,000 | $512,000 |
| Change In Account Payable | $3,520,000 | $-1,116,000 | $385,000 | $505,000 |
| Change In Prepaid Assets | $1,645,000 | $-395,000 | $-849,000 | $-2,280,000 |
| Change In Inventory | $-7,959,000 | $928,000 | $-683,000 | $-13,176,000 |
| Change In Receivables | $3,289,000 | $-5,714,000 | $-1,980,000 | $1,645,000 |
| Changes In Account Receivables | $4,492,000 | $-4,560,000 | $-2,311,000 | $1,607,000 |
| Other Non Cash Items | $6,587,000 | $4,218,000 | $4,350,000 | $5,578,000 |
| Stock Based Compensation | $150,000 | $150,000 | $144,000 | $120,000 |
| Depreciation Amortization Depletion | $59,878,000 | $58,135,000 | $54,129,000 | $49,518,000 |
| Depreciation And Amortization | $59,878,000 | $58,135,000 | $54,129,000 | $49,518,000 |
| Gain Loss On Investment Securities | $-6,997,000 | $2,898,000 | $-204,000 | $4,666,000 |
| Net Foreign Currency Exchange Gain Loss | $13,111,000 | $-5,784,000 | $882,000 | $-5,316,000 |
| Net Income From Continuing Operations | $38,563,000 | $97,376,000 | $77,351,000 | $172,554,000 |
| Preferred Stock Payments | - | $0 | $0 | $-37,321,000 |
Fetched: 2026-10-19