# Safe Bulkers Inc ($0.001 par value) (SB) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Industrials / Shipping. Price $7.44, market value $847 million.

## Valuation
- **P/E (trailing): 9.7×** (5-yr avg 5.9×, 3-yr avg 8.6×). Safe Bulkers Inc ($0.001 par value) trades at 9.7× trailing earnings, well above its own five-year average of 5.9×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 10.6×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 2.8×**. Each dollar of revenue is priced at 2.8×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 10.9×**. Enterprise value is 10.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.2%**. Free cash flow equals 7.2% of the market value. Above 5% is generally attractive.
- **Earnings yield: 10.3%**. The inverse of the P/E: 10.3% of the price is earned each year.

## Profitability
- **Gross margin: 44.2%**. Safe Bulkers Inc ($0.001 par value) keeps 44.2% of revenue after the direct cost of what it sells.
- **Operating margin: 33.3%**. 33.3% of revenue is left after running the business, an exceptional level.
- **Return on equity: 4.6%**. 4.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.5%**. Return on all capital, debt included, is 6.5%.
- **Return on assets: 6.2%**. Each dollar of assets produces 6.2% of profit.

## Growth
- **EPS growth (1 yr): -63.9%** (3-yr -39.6%/yr). Earnings per share fell 63.9%.

## Financial health
- **Debt to equity: 0.66**. Debt is 0.66 times equity, moderate leverage.
- **Net debt / EBITDA: 3.5×**. It would take 3.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 3.7×**. Operating profit covers interest 3.7× over, a safe margin.
- **Current ratio: 2.90** (quick 2.90). Current assets cover the next year's liabilities 2.90 times.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.03%** ($0.10 per share, trailing). Safe Bulkers Inc ($0.001 par value) yields 4.03%, an income-level yield.
- **Payout ratio: 74%**. 74% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 4**. 4 straight years of increases.

## Price and momentum
- **Total return (1 yr): 62.0%** (YTD 57.7%, 3-mo -5.3%). The shares are up 62.0% over twelve months including dividends.
- **From 52-week high: -20.1%** (64.2% above the low). Trading 20% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 34**. An RSI of 34 is neutral.
- **Beta (1 yr): 0.81** (volatility 38%). Beta of 0.81 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=SB · Page: https://foliofundamentals.com/stocks/sb

Not investment advice.