Safe Bulkers Overview
Industry: Marine Shipping
Sector: Industrials
Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 2023, the company had a fleet of 40 drybulk vessels having an average age of 10.5 years; and an aggregate carrying capacity of 4.5 million deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 17 post- Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco. Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 2023, the company had a fleet of 40 drybulk vessels having an average age of 10. Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Safe Bulkers into one research view. The sections below show what strengthens or weakens the research case.
Score
Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $87.5M (+18% YoY); EPS was $0.01 (+0.3% YoY).
Revenue
$87.5M
+18% YoY
EPS
$0.01
+0.3% YoY
Operating income
$66.5M
+162% YoY
Net income
$35.2M
+59% YoY
What changed
- Revenue +18% YoY to $87.5M; EPS +0.3% YoY to $0.01.
- Operating income +162% YoY to $66.5M.
- Net income +59% YoY to $35.2M.
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Prediction-grade evidence
Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
No qualified company news in the last 14 days
No recent article passed both the company-relevance and source-reliability checks. Research continues to use the other available filings, fundamentals, market data, and valuation inputs.
Earnings Per Share
Score 2.00/5
Safe Bulkers earns a low score, as its Earnings Per Share (EPS) has not shown continuous growth over the last six years. Notable counterparts in the sector with high scores includes
TREX CO INC
Honeywell International Inc
Snap-On Inc
In
Marine Shipping industry
, Matson
, Euroseas Ltd
, Capital Product Partners LP
are companies with high ratings.
Return on Equity
Score 1.38/5
Safe Bulkers exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include
TREX CO INC
Honeywell International Inc
Snap-On Inc
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Net Margin
Score 2.35/5
Safe Bulkers
olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include
TREX CO INC
Honeywell International Inc
Snap-On Inc
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Leverage
Score 3.39/5
Safe Bulkers
attains a commendable score in the category due to its lower leverage ratio over the past six years in comparison to the sector median value. Additionally, other notable companies in the same sector, such as
TREX CO INC
Honeywell International Inc
Snap-On Inc
, also exhibit high scores.
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Financial Statements
Company-reported SEC EDGAR facts organized into the three core statements.
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Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.
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