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Safe Bulkers (Safe Bulkers) Cyclically Adjusted Price-to-FCF : 4.40 (As of Apr. 28, 2024)


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What is Safe Bulkers Cyclically Adjusted Price-to-FCF?

As of today (2024-04-28), Safe Bulkers's current share price is $5.06. Safe Bulkers's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $1.15. Safe Bulkers's Cyclically Adjusted Price-to-FCF for today is 4.40.

The historical rank and industry rank for Safe Bulkers's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

SB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.61   Med: 4.34   Max: 12.5
Current: 4.39

During the past years, Safe Bulkers's highest Cyclically Adjusted Price-to-FCF was 12.50. The lowest was 1.61. And the median was 4.34.

SB's Cyclically Adjusted Price-to-FCF is ranked better than
87.8% of 410 companies
in the Transportation industry
Industry Median: 17.605 vs SB: 4.39

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Safe Bulkers's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.350. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.15 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Safe Bulkers Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Safe Bulkers's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Safe Bulkers Cyclically Adjusted Price-to-FCF Chart

Safe Bulkers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.21 2.23 4.43 2.79 3.41

Safe Bulkers Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.79 - - 2.82 3.41

Competitive Comparison of Safe Bulkers's Cyclically Adjusted Price-to-FCF

For the Marine Shipping subindustry, Safe Bulkers's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Safe Bulkers's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Safe Bulkers's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Safe Bulkers's Cyclically Adjusted Price-to-FCF falls into.



Safe Bulkers Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Safe Bulkers's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.06/1.15
=4.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Safe Bulkers's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Safe Bulkers's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.35/129.4194*129.4194
=0.350

Current CPI (Dec. 2023) = 129.4194.

Safe Bulkers Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.000 99.695 0.000
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.000 99.621 0.000
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 0.000 99.792 0.000
201603 -0.022 100.470 -0.028
201606 0.010 101.688 0.013
201609 0.093 101.861 0.118
201612 0.076 101.863 0.097
201703 0.103 102.862 0.130
201706 0.162 103.349 0.203
201709 0.087 104.136 0.108
201712 0.145 104.011 0.180
201803 0.198 105.290 0.243
201806 0.226 106.317 0.275
201809 0.155 106.507 0.188
201812 0.262 105.998 0.320
201903 0.096 107.251 0.116
201906 0.140 108.070 0.168
201909 0.157 108.329 0.188
201912 0.179 108.420 0.214
202003 0.000 108.902 0.000
202006 0.198 108.767 0.236
202009 0.136 109.815 0.160
202012 0.285 109.897 0.336
202103 0.375 111.754 0.434
202106 0.429 114.631 0.484
202109 0.568 115.734 0.635
202112 0.519 117.630 0.571
202203 0.001 121.301 0.001
202206 0.001 125.017 0.001
202209 1.343 125.227 1.388
202212 0.472 125.222 0.488
202303 0.000 127.348 0.000
202306 0.000 128.729 0.000
202309 0.745 129.860 0.742
202312 0.350 129.419 0.350

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Safe Bulkers  (NYSE:SB) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Safe Bulkers Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Safe Bulkers's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Safe Bulkers (Safe Bulkers) Business Description

Industry
Traded in Other Exchanges
Address
6, Avenue des Citronniers, Apt. D11, Les Acanthes, Monaco City, MCO, MC98000
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.