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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.39
SB's Cash to Debt is ranked higher than
76% of the 1069 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.33 vs. SB: 0.39 )
SB' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.39

Equity to Asset 0.57
SB's Equity to Asset is ranked higher than
84% of the 1072 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.45 vs. SB: 0.57 )
SB' s 10-Year Equity to Asset Range
Min: -0.14   Max: 0.57
Current: 0.57

-0.14
0.57
Interest Coverage 10.22
SB's Interest Coverage is ranked higher than
78% of the 669 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.40 vs. SB: 10.22 )
SB' s 10-Year Interest Coverage Range
Min: 9.74   Max: 28.08
Current: 10.22

9.74
28.08
F-Score: 4
Z-Score: 1.07
M-Score: -2.54
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 38.54
SB's Operating margin (%) is ranked higher than
97% of the 1082 Companies
in the Global Shipping & Ports industry.

( Industry Median: 6.69 vs. SB: 38.54 )
SB' s 10-Year Operating margin (%) Range
Min: 49.72   Max: 139.24
Current: 38.54

49.72
139.24
Net-margin (%) 31.14
SB's Net-margin (%) is ranked higher than
96% of the 1082 Companies
in the Global Shipping & Ports industry.

( Industry Median: 4.26 vs. SB: 31.14 )
SB' s 10-Year Net-margin (%) Range
Min: 44.59   Max: 126.14
Current: 31.14

44.59
126.14
ROE (%) 9.71
SB's ROE (%) is ranked higher than
82% of the 1063 Companies
in the Global Shipping & Ports industry.

( Industry Median: 7.13 vs. SB: 9.71 )
SB' s 10-Year ROE (%) Range
Min: 16.58   Max: 1264.64
Current: 9.71

16.58
1264.64
ROA (%) 4.97
SB's ROA (%) is ranked higher than
85% of the 1084 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.91 vs. SB: 4.97 )
SB' s 10-Year ROA (%) Range
Min: 7.59   Max: 44.35
Current: 4.97

7.59
44.35
ROC (Joel Greenblatt) (%) 7.36
SB's ROC (Joel Greenblatt) (%) is ranked higher than
73% of the 1084 Companies
in the Global Shipping & Ports industry.

( Industry Median: 8.11 vs. SB: 7.36 )
SB' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 9.99   Max: 121.66
Current: 7.36

9.99
121.66
Revenue Growth (%) -0.90
SB's Revenue Growth (%) is ranked higher than
64% of the 989 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.40 vs. SB: -0.90 )
SB' s 10-Year Revenue Growth (%) Range
Min: -12.9   Max: 19.9
Current: -0.9

-12.9
19.9
EBITDA Growth (%) -7.70
SB's EBITDA Growth (%) is ranked higher than
63% of the 888 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.50 vs. SB: -7.70 )
SB' s 10-Year EBITDA Growth (%) Range
Min: -21.4   Max: 17.7
Current: -7.7

-21.4
17.7
EPS Growth (%) -15.30
SB's EPS Growth (%) is ranked higher than
60% of the 771 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.80 vs. SB: -15.30 )
SB' s 10-Year EPS Growth (%) Range
Min: -25.2   Max: 19.4
Current: -15.3

-25.2
19.4
» SB's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

SB Guru Trades in Q3 2013

Jim Simons 334,356 sh (New)
George Soros 20,463 sh (New)
» More
Q4 2013

SB Guru Trades in Q4 2013

George Soros 420,463 sh (+1954.75%)
Jim Simons 614,600 sh (+83.82%)
» More
Q1 2014

SB Guru Trades in Q1 2014

Pioneer Investments 264,766 sh (New)
George Soros Sold Out
Jim Simons 533,290 sh (-13.23%)
» More
Q2 2014

SB Guru Trades in Q2 2014

Pioneer Investments 374,246 sh (+41.35%)
Jim Simons 392,700 sh (-26.36%)
» More
» Details

Insider Trades

Latest Guru Trades with SB

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2014-03-31 Sold Out 0.04%$8.9 - $11.43 $ 7.14-28%0
George Soros 2013-12-31 Add 1954.75%0.04%$6.3 - $10.55 $ 7.14-10%420463
George Soros 2013-09-30 New Buy$4.85 - $7.39 $ 7.1421%20463
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Preferred stocks of Safe Bulkers Inc

SymbolPriceYieldDescription
SBPRB0.007.53
SBPRC0.001.938 % Cum Red Perp Pfd Shs Series -C-
SBLKF25.200.008 % Cum Red Perp Pfd Shs Series -C-

Ratios

vs
industry
vs
history
P/E(ttm) 10.80
SB's P/E(ttm) is ranked higher than
91% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 22.80 vs. SB: 10.80 )
SB' s 10-Year P/E(ttm) Range
Min: 0.97   Max: 15.14
Current: 10.8

0.97
15.14
P/B 0.84
SB's P/B is ranked higher than
84% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.40 vs. SB: 0.84 )
SB' s 10-Year P/B Range
Min: 0.58   Max: 22.47
Current: 0.84

0.58
22.47
P/S 3.19
SB's P/S is ranked higher than
57% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.11 vs. SB: 3.19 )
SB' s 10-Year P/S Range
Min: 0.78   Max: 7.13
Current: 3.19

0.78
7.13
EV-to-EBIT 13.24
SB's EV-to-EBIT is ranked higher than
85% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 20.65 vs. SB: 13.24 )
SB' s 10-Year EV-to-EBIT Range
Min: 2.7   Max: 16.6
Current: 13.24

2.7
16.6
Shiller P/E 4.20
SB's Shiller P/E is ranked higher than
99% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 40.87 vs. SB: 4.20 )
SB' s 10-Year Shiller P/E Range
Min: 2.01   Max: 6.25
Current: 4.2

2.01
6.25
Current Ratio 2.54
SB's Current Ratio is ranked higher than
93% of the 1079 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.27 vs. SB: 2.54 )
SB' s 10-Year Current Ratio Range
Min: 0.36   Max: 3.87
Current: 2.54

0.36
3.87
Quick Ratio 2.54
SB's Quick Ratio is ranked higher than
94% of the 1079 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.19 vs. SB: 2.54 )
SB' s 10-Year Quick Ratio Range
Min: 0.36   Max: 3.87
Current: 2.54

0.36
3.87

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.50
SB's Dividend Yield is ranked higher than
77% of the 826 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.91 vs. SB: 3.50 )
SB' s 10-Year Dividend Yield Range
Min: 1.92   Max: 22.24
Current: 3.5

1.92
22.24
Dividend Payout 0.36
SB's Dividend Payout is ranked higher than
78% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.78 vs. SB: 0.36 )
SB' s 10-Year Dividend Payout Range
Min: 0.12   Max: 6
Current: 0.36

0.12
6
Dividend growth (3y) -29.50
SB's Dividend growth (3y) is ranked higher than
62% of the 624 Companies
in the Global Shipping & Ports industry.

( Industry Median: 0.90 vs. SB: -29.50 )
SB' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 8.1
Current: -29.5

0
8.1
Yield on cost (5-Year) 1.12
SB's Yield on cost (5-Year) is ranked lower than
70% of the 840 Companies
in the Global Shipping & Ports industry.

( Industry Median: 2.02 vs. SB: 1.12 )
SB' s 10-Year Yield on cost (5-Year) Range
Min: 0.61   Max: 7.11
Current: 1.12

0.61
7.11
Share Buyback Rate -7.00
SB's Share Buyback Rate is ranked higher than
61% of the 662 Companies
in the Global Shipping & Ports industry.

( Industry Median: -0.70 vs. SB: -7.00 )
SB' s 10-Year Share Buyback Rate Range
Min: 0   Max: -11.5
Current: -7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.84
SB's Price/Tangible Book is ranked higher than
86% of the 1115 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.64 vs. SB: 0.84 )
SB' s 10-Year Price/Tangible Book Range
Min: 0.6   Max: 9.29
Current: 0.84

0.6
9.29
Price/DCF (Projected) 0.87
SB's Price/DCF (Projected) is ranked higher than
90% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.74 vs. SB: 0.87 )
SB' s 10-Year Price/DCF (Projected) Range
Min: 0.37   Max: 1.44
Current: 0.87

0.37
1.44
Price/Median PS Value 1.16
SB's Price/Median PS Value is ranked higher than
69% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.16 vs. SB: 1.16 )
SB' s 10-Year Price/Median PS Value Range
Min: 0.32   Max: 2.56
Current: 1.16

0.32
2.56
Price/Graham Number 0.63
SB's Price/Graham Number is ranked higher than
91% of the 1119 Companies
in the Global Shipping & Ports industry.

( Industry Median: 1.75 vs. SB: 0.63 )
SB' s 10-Year Price/Graham Number Range
Min: 0.27   Max: 0.83
Current: 0.63

0.27
0.83
Earnings Yield (Greenblatt) 7.60
SB's Earnings Yield (Greenblatt) is ranked higher than
82% of the 996 Companies
in the Global Shipping & Ports industry.

( Industry Median: 5.70 vs. SB: 7.60 )
SB' s 10-Year Earnings Yield (Greenblatt) Range
Min: 6   Max: 37.7
Current: 7.6

6
37.7
Forward Rate of Return (Yacktman) -9.99
SB's Forward Rate of Return (Yacktman) is ranked higher than
61% of the 887 Companies
in the Global Shipping & Ports industry.

( Industry Median: 3.93 vs. SB: -9.99 )
SB' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -12.7   Max: 26.3
Current: -9.99

-12.7
26.3

Business Description

Industry: Transportation & Logistics » Shipping & Ports
Compare: » details
Traded in other countries:SBL.Germany, SBLKF.USA
Safe Bulkers, Inc., was incorporated in the Republic of The Marshall Islands on December 11, 2007 under the Marshall Islands Business Corporations Act, for the purpose of acquiring ownership of various subsidiaries that either owned or were scheduled to own vessels. The Company is controlled by the Hajioannou family, which has a long history of operating and investing in the international shipping industry, including a long history of vessel ownership. It is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the consumers of marine drybulk transportation services. As of January 31, 2010, it had a fleet of 13 drybulk vessels, with an aggregate carrying capacity of 1,077,900 dwt and an average age of 3.6 years, making it one of the world's youngest fleets of Panamax, Kamsarmax and Post-Panamax class vessels. Its fleet is expected to grow through 2012 as the result of the delivery of six further contracted newbuilds, comprised of four Post-Panamax and two Capesize class vessels. Upon delivery of the last of its contracted newbuilds, its fleet would be comprised of 19 vessels, having an aggregate carrying capacity of 1,807,900 dwt. The Company employs its vessels on both period time charters and spot charters, according to its assessment of market conditions, with some of the world's largest consumers of marine drybulk transportation services. The vessels it deploys on period time charters provide it with relatively stable cash flow and high utilization rates, while the vessels it deploys in the spot market allow it to take advantage of attractive spot charter rates during periods of strong charter market conditions. The company currently deploys the vessels in its fleet under long-term, or period time, charters and trip time charters, which are short-term time charters of up to three months where the vessel performs one or more voyages between load port(s) and discharge port(s). It operates in highly competitive markets that are based mainly on supply and demand. The Company is required by various governmental and other agencies to obtain certain permits, licenses, certificates and financial assurances with respect to each of its vessels. Government regulation significantly affects the ownership and operation of its vessels. Its vessels are subject to international conventions and national, state and local laws and regulations in force in international waters and the countries in which they operate or are registered, including those governing the management and disposal of hazardous substances and wastes, the cleanup of oil spills and the management of other contamination, air emissions, water discharges and ballast water.

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