FMP
Safe Bulkers, Inc.
SB
NYSE
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 March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.
3.45 USD
0.08 (2.32%)
Operating Data
Year
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
Revenue
198.16M
329.03M
349.72M
284.4M
307.63M
355.18M
410.08M
473.46M
546.64M
631.12M
Revenue %
-
66.04
6.29
-18.68
8.17
15.46
15.46
15.46
15.46
Ebitda
64.75M
232.2M
234.17M
156.19M
186.89M
203.07M
234.46M
270.7M
312.54M
360.84M
Ebitda %
32.67
70.57
66.96
54.92
60.75
57.17
57.17
57.17
57.17
Ebit
10.48M
179.84M
184.65M
102.06M
128.75M
135.31M
156.22M
180.37M
208.25M
240.43M
Ebit %
5.29
54.66
52.8
35.89
41.85
38.1
38.1
38.1
38.1
Depreciation
54.27M
52.36M
49.52M
54.13M
58.13M
67.76M
78.24M
90.33M
104.29M
120.41M
Depreciation %
27.39
15.91
14.16
19.03
18.9
19.08
19.08
19.08
19.08
Balance Sheet
Year
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
Total Cash
105.22M
102.08M
114.38M
87.92M
125.42M
133.91M
154.61M
178.51M
206.1M
237.95M
Total Cash %
53.1
31.03
32.71
30.91
40.77
37.7
37.7
37.7
37.7
Receivables
5.49M
8.75M
7.16M
9.28M
15.08M
11.11M
12.83M
14.81M
17.1M
19.74M
Receivables %
2.77
2.66
2.05
3.26
4.9
3.13
3.13
3.13
3.13
Inventories
12.04M
8.65M
17.32M
16.65M
14.88M
17.3M
19.97M
23.06M
26.62M
30.74M
Inventories %
6.07
2.63
4.95
5.86
4.84
4.87
4.87
4.87
4.87
Payable
13.48M
9.98M
10.49M
10.44M
9.9M
14.01M
16.18M
18.68M
21.57M
24.9M
Payable %
6.8
3.03
3
3.67
3.22
3.95
3.95
3.95
3.95
Cap Ex
-50.44M
-109.23M
-183.28M
-209.1M
-144.78M
-164.55M
-189.99M
-219.35M
-253.25M
-292.39M
Cap Ex %
-25.46
-33.2
-52.41
-73.52
-47.06
-46.33
-46.33
-46.33
-46.33
Weighted Average Cost Of Capital
Price
3.45
Beta
Diluted Shares Outstanding
107.58M
Costof Debt
6.51
Tax Rate
After Tax Cost Of Debt
6.51
Risk Free Rate
Market Risk Premium
Cost Of Equity
Total Debt
536.64M
Total Equity
371.14M
Total Capital
907.78M
Debt Weighting
59.12
Equity Weighting
40.88
Wacc
6.48
Build Up Free Cash Flow
Year
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
Revenue
198.16M
329.03M
349.72M
284.4M
307.63M
355.18M
410.08M
473.46M
546.64M
631.12M
Ebitda
64.75M
232.2M
234.17M
156.19M
186.89M
203.07M
234.46M
270.7M
312.54M
360.84M
Ebit
10.48M
179.84M
184.65M
102.06M
128.75M
135.31M
156.22M
180.37M
208.25M
240.43M
Tax Rate
-
-
-
-
-
-
-
-
-
-
Ebiat
-16.54M
179.84M
184.65M
102.06M
128.75M
108.25M
124.98M
144.3M
166.6M
192.35M
Depreciation
54.27M
52.36M
49.52M
54.13M
58.13M
67.76M
78.24M
90.33M
104.29M
120.41M
Receivables
5.49M
8.75M
7.16M
9.28M
15.08M
11.11M
12.83M
14.81M
17.1M
19.74M
Inventories
12.04M
8.65M
17.32M
16.65M
14.88M
17.3M
19.97M
23.06M
26.62M
30.74M
Payable
13.48M
9.98M
10.49M
10.44M
9.9M
14.01M
16.18M
18.68M
21.57M
24.9M
Cap Ex
-50.44M
-109.23M
-183.28M
-209.1M
-144.78M
-164.55M
-189.99M
-219.35M
-253.25M
-292.39M
Ufcf
-16.76M
119.6M
44.31M
-54.41M
37.54M
17.12M
11M
12.71M
14.67M
16.94M
Wacc
6.48
6.48
6.48
6.48
6.48
Pv Ufcf
16.08M
9.71M
10.52M
11.41M
12.37M
Sum Pv Ufcf
60.1M
Terminal Value
Growth In Perpetuity Method
Long Term Growth Rate
Wacc
6.48
Free Cash Flow T1
17.02M
Terminal Value
284.66M
Present Terminal Value
207.97M
Intrinsic Value
Enterprise Value
268.07M
Net Debt
455.56M
Equity Value
-187.49M
Diluted Shares Outstanding
107.58M
Equity Value Per Share
-1.74
Projected DCF
-1.74 2.983%
