Safe Bulkers, Inc. (SB.PD) stock analysis
Close on Oct 30, 2026Market cap $851.14MP/E 26.7Yield 2.50%
StockData Score
Prices as of Oct 30, 2026How the score works
Weak2 of 30 checks passed
Safe Bulkers passes 2 of the 30 checks behind our score; 20 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 0/6
- Past performance
- 0/6
- Financial health
- 2/6
- Dividend
- 0/6
What stands out
Debt falling against equity
Debt to equity fell from 138% five years ago to 66.0%.
Short-term assets cover short-term debts
Current assets are 2.90 times current liabilities.
What to watch
Return on equity under 15%
Return on equity was 4.6% over the last twelve months and averaged 16.3% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was 4.4%, below the 10% that usually covers the cost of capital.
High debt
Debt is 66.0% of shareholders' equity, above the 40% we consider low.
EPS growing under 10% a year
Diluted EPS grew -39.6% a year over the last three fiscal years.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth0/6
Revenue growth over 3 years
Needs three years of positive revenue.
EPS growing under 10% a year
Diluted EPS grew -39.6% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growth against the industry
Needs revenue for this year and last.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance0/6
Return on equity under 15%
Return on equity was 4.6% over the last twelve months and averaged 16.3% over five years; we look for 15% on both.
Return on capital under 10%
Return on invested capital was 4.4%, below the 10% that usually covers the cost of capital.
Return on equity below the industry
Safe Bulkers's return on equity of 4.6% is below the Water Transportation median of 9.4%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health2/6
High debt
Debt is 66.0% of shareholders' equity, above the 40% we consider low.
Debt falling against equity
Debt to equity fell from 138% five years ago to 66.0%.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 18.6% of total debt; we look for at least 20%.
Interest not well covered
Operating income covers interest expense 2.3 times; we look for at least 5.
Short-term assets cover short-term debts
Current assets are 2.90 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Safe Bulkers has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Safe Bulkers. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Medium risk
- Average value traded per day
- $10.15M
- Value traded per 1% price move
- $4.36M
Downside
Low risk
- Typical loss in a bad month
- 10.3%
- Volatility (annualized)
- 37%
- Sharpe ratio, 1 year
- 1.87
- Beta to the S&P 500 (5Y)
- 0.78
Typical bad-month loss, week by week
Margins need revenue and profit figures
This company does not report the lines needed to calculate margins.
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Operating income | -45.5% | -27.6% | +46.2% | – | |
| Net income | -60.4% | -39.3% | – | – | |
| EPS, diluted | -63.9% | -39.6% | – | – | |
| Dividend per share | 0.0% | 0.0% | – | +17.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -9.2% | -2.8% | 4.6% | |
| Return on assets | -4.5% | -1.2% | 2.7% | |
| Current ratio | 4.67 | 1.29 | 2.90 | |
| Debt to equity | 1.02 | 1.38 | 0.66 | |
| Interest coverage | -1.6× | 0.5× | 2.3× | |
| Diluted shares | 85M | 103M | 103M |
Cash use needs five years of cash flow figures
Safe Bulkers does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$38.56M
- Cash generatingOperating cash flow above zero$102.29M
- Return on assets improvedROA up on the prior year7.3% → 2.7%
- Earnings backed by cashOperating cash flow above net income$102.29M vs $38.56M
- Less leverageLong-term debt to assets fell34.6% → 35.9%
- Better liquidityCurrent ratio rose1.91 → 2.90
- No dilutionShare count did not rise108M → 103M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose– → –