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Safe Bulkers (SB) AI Stock Analysis
Safe Bulkers
(NYSE:SB)
Safe Bulkers earns a solid overall score driven by exceptional recent earnings growth, a robust balance sheet, and an attractive valuation profile. The company's impressive Q2 profitability, higher charter rates, and active shareholder return program are the most significant positive factors. The score is somewhat constrained by short-term technical weakness and industry-specific macroeconomic uncertainties.
Safe Bulkers (SB) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $911.80M
- Dividend Yield
- 2.93%
- Average Volume (3M)
- 1.15M
- Price to Earnings (P/E)
- 10.3
- Beta (1Y)
- 0.84
- Revenue Growth
- 10.81%
- EPS Growth
- 81.30%
- Country
- US
- Employees
- 10
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Marine Shipping
Safe Bulkers Business Overview & Revenue Model
Company Description
Safe Bulkers, Inc., along with its affiliated entities, specializes in the ocean-going transportation of dry bulk commodities. The company maintains and operates a fleet of dry bulk carriers, primarily utilized for shipping essential bulk cargoes suc...
How the Company Makes Money
Safe Bulkers makes money primarily by earning charter revenues from leasing its dry-bulk vessels to customers (charterers) who need seaborne transportation for bulk commodities. Its main revenue streams typically include: (1) Time charters, where a c...
Safe Bulkers Earnings Call Summary
The call presents a clearly improved operational and financial performance in Q2 2026: materially higher EBITDA and EPS, stronger TCEs, lower operating costs, robust liquidity, active shareholder returns (dividends and buybacks), and continued fleet renewal with environmental upgrades. Offsetting risks discussed include geopolitical sensitivity (Hormuz scenarios), potential softening of Chinese demand and thermal coal volumes, limited near-term alternative-fuel penetration in the order book, and sizable ongoing CapEx and debt commitments. Overall, company fundamentals and cash generation appear strong and management portrays a resilient position, while acknowledging macro and industry-specific headwinds.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that market fundamentals remain supportive, forecasting global GDP ~3% for 2026/27, BIMCO dry-bulk demand growth ~3% with supply growth of ~2% (open Hormuz) or ~1% (closed), iron ore +3%, grains +5%, coal -1% to -2%, China GDP 4.4% and India 6.5%; freight market strength was highlighted by Cape spot ≈ $38,000 and Kamsarmax ≈ $18,000, with all 7 Capes on period charters averaging $24,600/day, 1.7 years remaining and >$105M contracted backlog from Capes. Company-level guidance emphasized a 46-vessel fleet (avg age 10.3 yrs vs global 12.5), an order book ≈13% of fleet (24 Phase‑3 ordered since 2021, 14 delivered, 2 dual‑fuel due Q1‑2027, 10 more newbuilds to 2029), net debt/vessel $8M, leverage 30%, liquidity $143M cash + $200M RCF = $343M firepower, contracted backlog $154M (of which $92M paid), CapEx $277M, H1 revenue $169M, Q2 adjusted EBITDA $50.3M and adj. EPS $0.28, average Q2 TCE $20,642, daily OPEX ~$6,207, dividend increased to $0.075 (19th consecutive, ~4% yield) and a 10M share repurchase program, while operational metrics include zero CII‑E vessels and a 22% carbon‑intensity reduction.
Safe Bulkers Financial Statement Overview
Summary
Driven by a robust balance sheet with healthy leverage (D/E 0.65) and recovering net profit margins (18.7% TTM). While historic heavy CapEx caused free cash flow volatility, recent operating cash flows and liquidity have stabilized.
Income Statement
65PositiveBalance Sheet
80PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 307.50M | 275.74M | 307.63M | 284.40M | 349.72M | 329.03M |
| Gross Profit | 136.03M | 99.06M | 140.17M | 119.41M | 210.02M | 194.87M |
| EBITDA | 167.78M | 132.25M | 190.46M | 159.42M | 242.57M | 245.13M |
| Net Income | 86.98M | 38.56M | 97.38M | 77.35M | 172.55M | 174.35M |
Balance Sheet | ||||||
| Total Assets | 1.43B | 1.40B | 1.40B | 1.34B | 1.25B | 1.09B |
| Cash, Cash Equivalents and Short-Term Investments | 134.54M | 153.15M | 128.42M | 89.94M | 114.38M | 102.08M |
| Total Debt | 511.45M | 540.14M | 536.64M | 507.92M | 414.36M | 377.65M |
| Total Liabilities | 558.88M | 572.48M | 571.48M | 547.30M | 474.00M | 415.08M |
| Stockholders Equity | 870.28M | 830.71M | 831.62M | 792.51M | 771.92M | 679.24M |
Cash Flow | ||||||
| Free Cash Flow | 88.51M | 60.30M | -14.32M | -86.90M | 34.72M | 107.97M |
| Operating Cash Flow | 130.94M | 102.29M | 130.46M | 122.21M | 218.00M | 217.20M |
| Investing Cash Flow | -104.82M | 9.70M | -71.73M | -151.73M | -229.40M | 8.55M |
| Financing Cash Flow | -64.92M | -52.37M | -25.86M | 29.14M | -40.10M | -225.90M |
Safe Bulkers Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SB, the sentiment is Neutral. The current price of 7.61 is below the 20-day moving average (MA) of 8.23, below the 50-day MA of 8.47, and above the 200-day MA of 6.98, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 44.06 is Neutral, neither overbought nor oversold. The STOCH value of 60.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SB.
Safe Bulkers Risk Analysis
Safe Bulkers disclosed 73 risk factors in its most recent earnings report. Safe Bulkers reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
2 New RisksSafe Bulkers Peers Comparison
Overall Rating
SBLK79.5Outperform
ESEA79Outperform
PANL75Outperform- SB72Outperform
GNK66Neutral
CMDB53Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SBLK | 80Outperform | $3.18B | 11.08 | 11.71% | 6.63% | 6.34% | 141.62% |
| ESEA | 79Outperform | $442.29M | 3.44 | 28.60% | 4.53% | 2.53% | 14.22% |
| PANL | 75Outperform | $521.17M | 10.61 | 10.94% | 3.14% | 22.50% | 233.42% |
| SB | 72Outperform | $911.81M | 10.32 | 10.32% | 2.93% | 10.81% | 81.30% |
| GNK | 66Neutral | $1.14B | 28.60 | 0.02% | 6.87% | 25.64% | 156.91% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| CMDB | 53Neutral | $476.55M | 130.73 | 0.90% | ― | ― | ― |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SB | Safe Bulkers Inc | 8.01 | 3.57 | 80.28% | |
| ESEA | Euroseas Ltd | 67.27 | 10.20 | 17.88% | |
| GNK | Genco Shipping & Trading Ltd | 26.19 | 10.68 | 68.80% | |
| SBLK | Star Bulk Carriers | 28.36 | 11.34 | 66.60% | |
| PANL | Pangaea Logistics Solutions Ltd. | 7.96 | 3.24 | 68.72% | |
| CMDB | Costamare Bulkers Holdings Limited | 19.61 | 6.74 | 52.37% |
Safe Bulkers Corporate Events
Safe Bulkers Declares Quarterly Dividends on Series C and D Preferred Shares
Safe Bulkers, Inc., the Monaco-based drybulk shipping company listed in New York and Athens, declared cash dividends on its 8.00% Series C and Series D cumulative redeemable perpetual preferred shares on October 2, 2026. The board approved payments o...
Safe Bulkers Updates Major Shareholdings After Athens Share Capital Increase
Safe Bulkers, Inc. is an international dry bulk shipping company that transports major commodities and maintains listings on regulated markets including Euronext Athens. Its equity structure is characterized by significant stakes held through entitie...
Safe Bulkers’ New Shares Begin Trading on Euronext Athens After Private Placement
On September 11, 2026, Safe Bulkers announced that Euronext Athens had approved the admission of 12,000,000 new common shares, issued via a private placement through an accelerated bookbuilding process, to trading on its Main Market of regulated secu...
Safe Bulkers Confirms Board Elections and Auditor at 2026 Annual Meeting
On September 10, 2026, Safe Bulkers, Inc. reported the results of its annual meeting of stockholders held in Monaco, where shareholders elected three Class III directors. Konstantinos Adamopoulos, Kristin H. Holth and Vasilis Hajioannou were chosen t...
Safe Bulkers Raises €80.4 Million in Dual-Listed Private Share Placement
On September 9, 2026, Monaco-based Safe Bulkers, Inc. announced it had completed and priced a private placement of 12,000,000 new common shares to selected investors via an accelerated bookbuild led by Piraeus Bank, DNB Carnegie and Fearnley Securiti...
Safe Bulkers Plans €-Denominated Private Placement and Trading Suspension on Euronext Athens
On September 8, 2026, Monaco-based Safe Bulkers, Inc. announced it is contemplating a private placement of approximately 12 million new common shares, with pricing to be set in euros via an accelerated bookbuilding run by Piraeus Bank, DNB Carnegie a...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 30, 2026