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Safe Bulkers (FRA:SBL) Cyclically Adjusted Price-to-FCF : 4.67 (As of Apr. 29, 2024)


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

As of today (2024-04-29), Safe Bulkers's current share price is €4.72. Safe Bulkers's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was €1.01. Safe Bulkers's Cyclically Adjusted Price-to-FCF for today is 4.67.

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

FRA:SBL' 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.

FRA:SBL's Cyclically Adjusted Price-to-FCF is ranked better than
88.22% of 416 companies
in the Transportation industry
Industry Median: 18.13 vs FRA:SBL: 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 €0.321. 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 €1.01 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
=4.72/1.01
=4.67

* 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)
=0.321/129.4194*129.4194
=0.321

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 -0.019 100.470 -0.024
201606 0.009 101.688 0.011
201609 0.083 101.861 0.105
201612 0.072 101.863 0.091
201703 0.096 102.862 0.121
201706 0.144 103.349 0.180
201709 0.073 104.136 0.091
201712 0.122 104.011 0.152
201803 0.161 105.290 0.198
201806 0.194 106.317 0.236
201809 0.132 106.507 0.160
201812 0.230 105.998 0.281
201903 0.085 107.251 0.103
201906 0.124 108.070 0.148
201909 0.143 108.329 0.171
201912 0.161 108.420 0.192
202003 0.000 108.902 0.000
202006 0.176 108.767 0.209
202009 0.115 109.815 0.136
202012 0.235 109.897 0.277
202103 0.315 111.754 0.365
202106 0.356 114.631 0.402
202109 0.483 115.734 0.540
202112 0.460 117.630 0.506
202203 0.000 121.301 0.000
202206 0.001 125.017 0.001
202209 1.357 125.227 1.402
202212 0.446 125.222 0.461
202303 0.000 127.348 0.000
202306 0.000 128.729 0.000
202309 0.698 129.860 0.696
202312 0.321 129.419 0.321

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  (FRA:SBL) 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 (FRA:SBL) 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.

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