Safe Bulkers
SBMarket price data through October 1, 2026.
Performance
Oct 2021 – Oct 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- 0%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$9
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- October 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 0 months
- How long Benson has been tracking this pick.
About Safe Bulkers
Safe Bulkers owns 45 cargo ships that haul iron ore, coal and grain around the world. Think of it as a fleet of giant moving trucks for the raw materials that build steel and power factories. The company rents its ships out by the day, so when shipping demand rises, its earnings rise with it.
The case for and against
Both sides of the story, in plain English.
- Cash Margins Doubling
Daily earnings per ship reached about 20,600 dollars last quarter while operating costs fell. Cash profit per ship per day nearly doubled to about 12,700 dollars, and cash from operations hit 77 million dollars in six months versus 49 million a year earlier.
- Rates Ready To Reset
About 90 percent of next year's ship days are still open to be priced at today's stronger rates. With a young fleet of 45 ships and a market value near 950 million dollars, the company trades at a low multiple of the cash it is earning.
- Boom And Bust Rates
Dry bulk shipping rates can swing sharply with Chinese steel demand, fuel costs and world trade. Most ships are rented on short contracts, so when rates fall, earnings can fall quickly too.
- Heavy Spending Ahead
The company has ordered 11 new ships, with over 300 million dollars still to pay, and long-term debt has grown to about 497 million dollars. That cuts flexibility if the shipping market turns down. Revenue also slipped about 10 percent over the last year.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-10-01. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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