Safe Bulkers, Inc. (SB) AI Stock Analysis

Safe Bulkers, Inc. provides marine drybulk transportation services, carrying raw commodities such as coal, grain, and iron ore worldwide. Founded in 2007 and headquartered in Monaco, the company operates across international shipping routes. As of March 18, 2022, Safe Bulkers managed a fleet of 40 vessels with a total carrying capacity of 3,925,500 deadweight tons and an average vessel age of 10.4 years. The fleet consists of 12 Panamax, 7 Kamsarmax, 15 post-Panamax, and 6 Capesize vessels, providing diversified capacity across multiple bulk cargo classes.

Between FY2020 and FY2025, Safe Bulkers recorded a revenue compound annual growth rate of 6.8%. Annual performance has fluctuated with industry cycles: revenue peaked at $349.7M in FY2022 before dropping 18.7% to $284.4M in FY2023. Revenue recovered to $307.6M in FY2024 but fell 10.4% to $275.7M in FY2025, when operating margin fell to 25.1% and net income was $38.6M. However, trailing twelve months revenue reached $307.5M with an operating margin of 41.1%. In the latest quarter ended June 30, 2026, revenue grew 33.0% year-over-year, and earnings surged 296.2%.

As of June 30, 2026, Safe Bulkers held $134.5M in cash and short-term investments against $511.4M in total debt, resulting in net debt of $376.9M. Total assets stood at $1.43B, while shareholders' equity was $870.3M, yielding a debt-to-equity ratio of 0.59 and a current ratio of 1.00. In FY2025, the company generated $102.3M in operating cash flow and $60.3M in free cash flow. Capital allocation in FY2025 included $42.0M in capital expenditures, $28.6M in dividends paid, and $11.0M in share buybacks, contributing to a 5-year share count decline of 16.3%.

Safe Bulkers trades at a trailing P/E of 10.2x and an EV/EBITDA of 7.7x, both well below the median of its US-listed Industrials peers, which trade at 24.8x and 13.9x, respectively. Its price-to-sales ratio is 2.9x compared to the peer median of 1.5x, while its price-to-book ratio stands at 1.1x. Over the past year, SB shares returned 88.5%, outperforming the S&P 500 (SPY) return of 16.8%. Over five years, the stock gained 113.2% compared to 83.0% for the benchmark index.

Safe Bulkers pays a quarterly dividend with an annual forward payout of $0.30 per share, representing a dividend yield of 3.83%. The company maintains a payout ratio of 32.6% and has paid dividends for 5 consecutive years. Its most recent ex-dividend date was August 13, 2026.

Wall Street coverage consists of 2 Strong Buy ratings, with 0 Buy, 0 Hold, and 0 Sell recommendations. The mean price target of $9.50 represents a 21.3% premium over the October 16, 2026 closing price of $7.83. For the fiscal year ending December 31, 2026, analysts estimate EPS of $1.03 on revenue of $322.1M. Over the last four quarters, the company beat EPS expectations 3 times. The next earnings release is scheduled for November 24, 2026.

This page is an AI-written research summary of Safe Bulkers, Inc. (SB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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