Safe Bulkers/$SB
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Capital at risk
About Safe Bulkers
Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services. The company generates almost all of its revenue from Time Charters.
- Ticker
- $SB
- Sector
- Mobility
- Primary listing
- NYSE
- Employees
- 10
- Headquarters
- Monaco, Monaco
- Website
- www.safebulkers.com
Safe Bulkers Metrics
BasicAdvanced
$1B
11.91
$0.77
-
$0.24
3.27%
Price and volume
Market cap
$1B
52-week high
$9.31
52-week low
$4.14
Average daily volume
1.2M
Dividend rate
$0.24
Financial strength
Current ratio
1.002
Quick ratio
0.638
Long term debt to equity
0.391
Total debt to equity
0.588
Dividend payout ratio (TTM)
26.84%
Interest coverage (TTM)
3.40%
Profitability
EBITDA (TTM)
161.315
Gross margin (TTM)
63.64%
Net profit margin (TTM)
28.29%
Operating margin (TTM)
33.28%
Revenue per employee (TTM)
$30,750,000
Management effectiveness
Return on assets (TTM)
4.51%
Return on equity (TTM)
10.32%
Valuation
Price to earnings (TTM)
11.909
Price to revenue (TTM)
3.05
Price to book
1.07
Price to tangible book (TTM)
1.07
Price to free cash flow (TTM)
17.599
Free cash flow yield (TTM)
5.68%
Free cash flow per share (TTM)
0.522
Dividend yield (TTM)
2.56%
Forward dividend yield
3.27%
Growth
Revenue change (TTM)
10.81%
Earnings per share change (TTM)
78.44%
3-year revenue growth (CAGR)
-1.10%
10-year revenue growth (CAGR)
10.40%
3-year earnings per share growth (CAGR)
-6.94%
10-year earnings per share growth (CAGR)
-1.95%
3-year dividend per share growth (CAGR)
-20.63%
10-year dividend per share growth (CAGR)
17.46%
Bulls say / Bears say
Second-quarter 2026 performance improved sharply: revenue rose to $91.2 million from $68.7 million year over year, adjusted EBITDA nearly doubled to $50.3 million, and adjusted EPS increased to $0.28 from $0.01. (SEC filing)
The company has meaningful near-term cash-flow support from charter coverage: 79% of full-year 2026 fleet ownership days were contracted, while all seven Capesize vessels were on period charters and generated approximately $105.4 million of contracted revenue. (SEC filing)
Fleet renewal could improve efficiency and regulatory positioning: Safe Bulkers had 10 IMO GHG Phase 3/NOx Tier III newbuilds on order, 20 scrubber-equipped vessels, and raised its quarterly common dividend to $0.075 per share in July 2026. (Nasdaq)
Charter visibility remains limited: as of July 24, 2026, average remaining charter duration was only 0.4 years, with just 10% of fleet ownership days contracted for 2027, leaving earnings exposed to drybulk-rate volatility. (SEC filing)
Safe Bulkers faces substantial funding demands: it had $519.2 million of debt, including $180.4 million due in 2027, while nine newbuilds carried $277.2 million of remaining capital expenditures excluding the Capesize vessel. (SEC filing)
Scheduled repairs and environmental upgrades are expected to create 150 vessel downtime days in the second half of 2026, potentially reducing near-term earning capacity; the fleet also had an average age of 10.4 years as of July 24. (SEC filing)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
Upcoming events
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Safe Bulkers News
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Funds containing Safe Bulkers
Fund name | Fund size | $SB weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.02% |
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