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Safe Bulkers Inc
Buy, Hold or Sell?

Let's analyze Safe Bulkers Inc together

I guess you are interested in Safe Bulkers Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Safe Bulkers Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Safe Bulkers Inc (30 sec.)










1.2. What can you expect buying and holding a share of Safe Bulkers Inc? (30 sec.)

How much money do you get?

How much money do you get?
$0.27
When do you have the money?
1 year
How often do you get paid?
67.5%

What is your share worth?

Current worth
$7.56
Expected worth in 1 year
$8.35
How sure are you?
65.0%

+ What do you gain per year?

Total Gains per Share
$1.07
Return On Investment
25.9%

For what price can you sell your share?

Current Price per Share
$4.12
Expected price per share
$3.7207427648579 - $5.1725535714286
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Safe Bulkers Inc (5 min.)




Live pricePrice per Share (EOD)
$4.12
Intrinsic Value Per Share
$-6.14 - $1.29
Total Value Per Share
$1.42 - $8.85

2.2. Growth of Safe Bulkers Inc (5 min.)




Is Safe Bulkers Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$807.5m$763.5m$26.7m3.4%

How much money is Safe Bulkers Inc making?

Current yearPrevious yearGrowGrow %
Making money$23.8m$23.5m$324.5k1.4%
Net Profit Margin30.7%29.5%--

How much money comes from the company's main activities?

2.3. Financial Health of Safe Bulkers Inc (5 min.)




2.4. Comparing to competitors in the Marine Shipping industry (5 min.)




  Industry Rankings (Marine Shipping)  


Richest
#70 / 188

Most Revenue
#99 / 188

Most Profit
#69 / 188
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Safe Bulkers Inc?

Welcome investor! Safe Bulkers Inc's management wants to use your money to grow the business. In return you get a share of Safe Bulkers Inc.

First you should know what it really means to hold a share of Safe Bulkers Inc. And how you can make/lose money.

Speculation

The Price per Share of Safe Bulkers Inc is $4.12. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Safe Bulkers Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Safe Bulkers Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $7.56. Based on the TTM, the Book Value Change Per Share is $0.20 per quarter. Based on the YOY, the Book Value Change Per Share is $0.24 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.07 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Safe Bulkers Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.266.3%0.215.2%0.235.5%0.184.4%0.030.8%
Usd Book Value Change Per Share0.4210.2%0.204.8%0.245.8%0.163.9%0.020.5%
Usd Dividend Per Share0.000.0%0.071.7%0.143.4%0.061.5%0.071.6%
Usd Total Gains Per Share0.4210.2%0.276.5%0.389.2%0.225.4%0.092.1%
Usd Price Per Share5.82-4.49-3.08-3.12-2.81-
Price to Earnings Ratio5.63-5.49-4.86-25.40-7.01-
Price-to-Total Gains Ratio13.86-40.07--30.77-42.02-20.32-
Price to Book Ratio0.77-0.62-0.47-0.54-0.51-
Price-to-Total Gains Ratio13.86-40.07--30.77-42.02-20.32-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.12
Number of shares242
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.06
Usd Book Value Change Per Share0.200.16
Usd Total Gains Per Share0.270.22
Gains per Quarter (242 shares)64.4554.10
Gains per Year (242 shares)257.80216.38
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
16719124861155206
2133383506122311422
3200574764183466638
42667651022244622854
533395612803057771070
6399114815383669331286
74661339179642710881502
85321530205448812431718
95991722231254913991934
106651913257061015542150

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%18.02.00.090.0%26.014.00.065.0%56.014.00.080.0%
Book Value Change Per Share4.00.00.0100.0%11.01.00.091.7%17.03.00.085.0%21.018.01.052.5%43.021.06.061.4%
Dividend per Share1.00.03.025.0%5.00.07.041.7%12.00.08.060.0%27.00.013.067.5%35.00.035.050.0%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%17.03.00.085.0%26.014.00.065.0%51.015.04.072.9%
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3.2. Key Performance Indicators

The key performance indicators of Safe Bulkers Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.4200.198+113%0.239+76%0.161+162%0.022+1799%
Book Value Per Share--7.5637.182+5%6.493+16%5.619+35%5.463+38%
Current Ratio--1.8752.268-17%1.961-4%1.837+2%2.384-21%
Debt To Asset Ratio--0.3960.401-1%0.387+2%0.466-15%0.489-19%
Debt To Equity Ratio--0.6570.671-2%0.633+4%0.948-31%1.011-35%
Dividend Per Share---0.069-100%0.141-100%0.063-100%0.066-100%
Eps--0.2580.213+21%0.228+13%0.181+42%0.032+714%
Free Cash Flow Per Share--0.375-0.023+106%0.336+11%-0.026+107%-0.033+109%
Free Cash Flow To Equity Per Share---0.025-0.079+214%0.365-107%-0.053+109%-0.036+41%
Gross Profit Margin--1.0000.936+7%1.0000%0.987+1%0.994+1%
Intrinsic Value_10Y_max--1.291--------
Intrinsic Value_10Y_min---6.143--------
Intrinsic Value_1Y_max---0.095--------
Intrinsic Value_1Y_min---0.395--------
Intrinsic Value_3Y_max---0.115--------
Intrinsic Value_3Y_min---1.386--------
Intrinsic Value_5Y_max--0.072--------
Intrinsic Value_5Y_min---2.585--------
Market Cap439892400.000-41%621401400.000492297497.718+26%362227482.008+72%355806703.456+75%311562041.603+99%
Net Profit Margin--0.3510.307+14%0.295+19%0.267+32%0.030+1086%
Operating Margin--0.3550.314+13%0.162+119%0.196+81%-0.014+104%
Operating Ratio--0.6450.633+2%0.733-12%0.687-6%0.796-19%
Pb Ratio0.545-41%0.7690.621+24%0.474+62%0.539+43%0.507+52%
Pe Ratio3.985-41%5.6305.486+3%4.856+16%25.403-78%7.014-20%
Price Per Share4.120-41%5.8204.488+30%3.083+89%3.123+86%2.813+107%
Price To Free Cash Flow Ratio2.750-41%3.8842.036+91%2301.776-100%546.115-99%274.830-99%
Price To Total Gains Ratio9.809-41%13.85640.069-65%-30.772+322%42.016-67%20.316-32%
Quick Ratio--1.3311.647-19%0.886+50%1.563-15%2.167-39%
Return On Assets--0.0210.018+15%0.019+9%0.019+9%0.007+213%
Return On Equity--0.0340.030+13%0.031+10%0.032+5%0.010+235%
Total Gains Per Share--0.4200.266+58%0.380+11%0.224+88%0.088+375%
Usd Book Value--807540000.000790269250.000+2%763518250.000+6%635560900.000+27%601140900.000+34%
Usd Book Value Change Per Share--0.4200.198+113%0.239+76%0.161+162%0.022+1799%
Usd Book Value Per Share--7.5637.182+5%6.493+16%5.619+35%5.463+38%
Usd Dividend Per Share---0.069-100%0.141-100%0.063-100%0.066-100%
Usd Eps--0.2580.213+21%0.228+13%0.181+42%0.032+714%
Usd Free Cash Flow--39995433.000-3066333.000+108%40467300.000-1%-3628366.600+109%-3717708.300+109%
Usd Free Cash Flow Per Share--0.375-0.023+106%0.336+11%-0.026+107%-0.033+109%
Usd Free Cash Flow To Equity Per Share---0.025-0.079+214%0.365-107%-0.053+109%-0.036+41%
Usd Market Cap439892400.000-41%621401400.000492297497.718+26%362227482.008+72%355806703.456+75%311562041.603+99%
Usd Price Per Share4.120-41%5.8204.488+30%3.083+89%3.123+86%2.813+107%
Usd Profit--27595000.00023887000.000+16%23562500.000+17%22336800.000+24%7856975.000+251%
Usd Revenue--78548000.00076788999.750+2%74505250.000+5%70283649.950+12%53948649.975+46%
Usd Total Gains Per Share--0.4200.266+58%0.380+11%0.224+88%0.088+375%
 EOD+4 -4MRQTTM+26 -10YOY+24 -115Y+30 -610Y+29 -7

3.3 Fundamental Score

Let's check the fundamental score of Safe Bulkers Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.985
Price to Book Ratio (EOD)Between0-10.545
Net Profit Margin (MRQ)Greater than00.351
Operating Margin (MRQ)Greater than00.355
Quick Ratio (MRQ)Greater than11.331
Current Ratio (MRQ)Greater than11.875
Debt to Asset Ratio (MRQ)Less than10.396
Debt to Equity Ratio (MRQ)Less than10.657
Return on Equity (MRQ)Greater than0.150.034
Return on Assets (MRQ)Greater than0.050.021
Total8/10 (80.0%)

3.4 Technical Score

Let's check the technical score of Safe Bulkers Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5026.461
Ma 20Greater thanMa 504.408
Ma 50Greater thanMa 1004.716
Ma 100Greater thanMa 2005.040
OpenGreater thanClose4.200
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About Safe Bulkers Inc

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. The company has a fleet of 47 drybulk vessels having an aggregate carrying capacity of 4,719,600 deadweight tons. Its fleet consists of 10 Panamax class vessels, 11 Kamsarmax class vessels, 18 post-Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

Fundamental data was last updated by Penke on 2024-10-18 04:46:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Safe Bulkers Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Safe Bulkers Inc to the Marine Shipping industry mean.
  • A Net Profit Margin of 35.1% means that $0.35 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Safe Bulkers Inc:

  • The MRQ is 35.1%. The company is making a huge profit. +2
  • The TTM is 30.7%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ35.1%TTM30.7%+4.4%
TTM30.7%YOY29.5%+1.3%
TTM30.7%5Y26.7%+4.0%
5Y26.7%10Y3.0%+23.8%
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ35.1%14.1%+21.0%
TTM30.7%11.2%+19.5%
YOY29.5%15.8%+13.7%
5Y26.7%12.0%+14.7%
10Y3.0%8.4%-5.4%
4.3.1.2. Return on Assets

Shows how efficient Safe Bulkers Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Safe Bulkers Inc to the Marine Shipping industry mean.
  • 2.1% Return on Assets means that Safe Bulkers Inc generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Safe Bulkers Inc:

  • The MRQ is 2.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.8%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.1%TTM1.8%+0.3%
TTM1.8%YOY1.9%-0.1%
TTM1.8%5Y1.9%-0.1%
5Y1.9%10Y0.7%+1.2%
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ2.1%1.8%+0.3%
TTM1.8%1.4%+0.4%
YOY1.9%1.9%0.0%
5Y1.9%1.4%+0.5%
10Y0.7%1.1%-0.4%
4.3.1.3. Return on Equity

Shows how efficient Safe Bulkers Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Safe Bulkers Inc to the Marine Shipping industry mean.
  • 3.4% Return on Equity means Safe Bulkers Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Safe Bulkers Inc:

  • The MRQ is 3.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.0%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.4%TTM3.0%+0.4%
TTM3.0%YOY3.1%-0.1%
TTM3.0%5Y3.2%-0.2%
5Y3.2%10Y1.0%+2.2%
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ3.4%3.3%+0.1%
TTM3.0%2.5%+0.5%
YOY3.1%3.5%-0.4%
5Y3.2%2.8%+0.4%
10Y1.0%2.1%-1.1%
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4.3.2. Operating Efficiency of Safe Bulkers Inc.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Safe Bulkers Inc is operating .

  • Measures how much profit Safe Bulkers Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Safe Bulkers Inc to the Marine Shipping industry mean.
  • An Operating Margin of 35.5% means the company generated $0.35  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Safe Bulkers Inc:

  • The MRQ is 35.5%. The company is operating very efficient. +2
  • The TTM is 31.4%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ35.5%TTM31.4%+4.1%
TTM31.4%YOY16.2%+15.2%
TTM31.4%5Y19.6%+11.8%
5Y19.6%10Y-1.4%+21.0%
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ35.5%14.7%+20.8%
TTM31.4%10.9%+20.5%
YOY16.2%19.6%-3.4%
5Y19.6%14.1%+5.5%
10Y-1.4%10.9%-12.3%
4.3.2.2. Operating Ratio

Measures how efficient Safe Bulkers Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Marine Shipping industry mean).
  • An Operation Ratio of 0.65 means that the operating costs are $0.65 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Safe Bulkers Inc:

  • The MRQ is 0.645. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.633. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.645TTM0.633+0.012
TTM0.633YOY0.733-0.100
TTM0.6335Y0.687-0.054
5Y0.68710Y0.796-0.109
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6451.203-0.558
TTM0.6331.121-0.488
YOY0.7330.934-0.201
5Y0.6871.036-0.349
10Y0.7961.022-0.226
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4.4.3. Liquidity of Safe Bulkers Inc.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Safe Bulkers Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Marine Shipping industry mean).
  • A Current Ratio of 1.88 means the company has $1.88 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Safe Bulkers Inc:

  • The MRQ is 1.875. The company is able to pay all its short-term debts. +1
  • The TTM is 2.268. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.875TTM2.268-0.393
TTM2.268YOY1.961+0.307
TTM2.2685Y1.837+0.431
5Y1.83710Y2.384-0.547
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8751.479+0.396
TTM2.2681.486+0.782
YOY1.9611.499+0.462
5Y1.8371.422+0.415
10Y2.3841.349+1.035
4.4.3.2. Quick Ratio

Measures if Safe Bulkers Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Safe Bulkers Inc to the Marine Shipping industry mean.
  • A Quick Ratio of 1.33 means the company can pay off $1.33 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Safe Bulkers Inc:

  • The MRQ is 1.331. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.647. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.331TTM1.647-0.316
TTM1.647YOY0.886+0.761
TTM1.6475Y1.563+0.084
5Y1.56310Y2.167-0.604
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3310.625+0.706
TTM1.6470.738+0.909
YOY0.8860.999-0.113
5Y1.5630.932+0.631
10Y2.1670.991+1.176
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4.5.4. Solvency of Safe Bulkers Inc.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Safe Bulkers Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Safe Bulkers Inc to Marine Shipping industry mean.
  • A Debt to Asset Ratio of 0.40 means that Safe Bulkers Inc assets are financed with 39.6% credit (debt) and the remaining percentage (100% - 39.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Safe Bulkers Inc:

  • The MRQ is 0.396. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.401. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.396TTM0.401-0.005
TTM0.401YOY0.387+0.014
TTM0.4015Y0.466-0.064
5Y0.46610Y0.489-0.023
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3960.399-0.003
TTM0.4010.411-0.010
YOY0.3870.422-0.035
5Y0.4660.463+0.003
10Y0.4890.477+0.012
4.5.4.2. Debt to Equity Ratio

Measures if Safe Bulkers Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Safe Bulkers Inc to the Marine Shipping industry mean.
  • A Debt to Equity ratio of 65.7% means that company has $0.66 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Safe Bulkers Inc:

  • The MRQ is 0.657. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.671. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.657TTM0.671-0.015
TTM0.671YOY0.633+0.039
TTM0.6715Y0.948-0.277
5Y0.94810Y1.011-0.063
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6570.724-0.067
TTM0.6710.739-0.068
YOY0.6330.764-0.131
5Y0.9480.982-0.034
10Y1.0111.067-0.056
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Safe Bulkers Inc generates.

  • Above 15 is considered overpriced but always compare Safe Bulkers Inc to the Marine Shipping industry mean.
  • A PE ratio of 5.63 means the investor is paying $5.63 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Safe Bulkers Inc:

  • The EOD is 3.985. Based on the earnings, the company is cheap. +2
  • The MRQ is 5.630. Based on the earnings, the company is cheap. +2
  • The TTM is 5.486. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.985MRQ5.630-1.644
MRQ5.630TTM5.486+0.144
TTM5.486YOY4.856+0.630
TTM5.4865Y25.403-19.917
5Y25.40310Y7.014+18.389
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
EOD3.9857.385-3.400
MRQ5.6307.841-2.211
TTM5.4868.726-3.240
YOY4.8565.629-0.773
5Y25.4039.559+15.844
10Y7.01411.332-4.318
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Safe Bulkers Inc:

  • The EOD is 2.750. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.884. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 2.036. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.750MRQ3.884-1.135
MRQ3.884TTM2.036+1.848
TTM2.036YOY2,301.776-2,299.740
TTM2.0365Y546.115-544.079
5Y546.11510Y274.830+271.285
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
EOD2.7505.440-2.690
MRQ3.8845.410-1.526
TTM2.0364.385-2.349
YOY2,301.7762.182+2,299.594
5Y546.1152.542+543.573
10Y274.8301.989+272.841
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Safe Bulkers Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Marine Shipping industry mean).
  • A PB ratio of 0.77 means the investor is paying $0.77 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Safe Bulkers Inc:

  • The EOD is 0.545. Based on the equity, the company is cheap. +2
  • The MRQ is 0.769. Based on the equity, the company is cheap. +2
  • The TTM is 0.621. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.545MRQ0.769-0.225
MRQ0.769TTM0.621+0.148
TTM0.621YOY0.474+0.148
TTM0.6215Y0.539+0.083
5Y0.53910Y0.507+0.032
Compared to industry (Marine Shipping)
PeriodCompanyIndustry (mean)+/- 
EOD0.5450.904-0.359
MRQ0.7690.949-0.180
TTM0.6210.898-0.277
YOY0.4740.894-0.420
5Y0.5390.991-0.452
10Y0.5071.016-0.509
4.6.2. Total Gains per Share

2.4. Latest News of Safe Bulkers Inc

Does Safe Bulkers Inc still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from Safe Bulkers Inc to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2024-10-16
16:58
Is Safe Bulkers, Inc. (SB) the Best High Growth Penny Stock That is Profitable in 2024?Read
2024-10-13
20:04
Safe Bulkers Inc. (SB): Among the Most Profitable Penny Stocks to Invest InRead

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Safe Bulkers Inc.

4.8.1. Institutions holding Safe Bulkers Inc

Institutions are holding 28.208% of the shares of Safe Bulkers Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-06-30BlackRock Inc3.39110.00053620736-76660-2.0734
2024-06-30Renaissance Technologies Corp3.10070.03273310586-291700-8.0976
2024-06-30American Century Companies Inc1.65330.006317651871571639.7737
2024-06-30State Street Corp1.52090.0004162382420564914.501
2024-06-30Arrowstreet Capital Limited Partnership1.44170.00791539288366132.4365
2024-06-30Goldman Sachs Group Inc1.14240.00121219789-48895-3.854
2024-06-30Bridgeway Capital Management, LLC0.970.14111035669354603.5453
2024-06-30Connor Clark & Lunn Inv Mgmt Ltd0.80970.0211864562542756168.6594
2024-06-30Morgan Stanley - Brokerage Accounts0.74750.0004798058-151052-15.9151
2024-06-30Geode Capital Management, LLC0.71630.0004764754308434.2026
2024-06-30Vanguard Group Inc0.6470.0001690790353615.3951
2024-06-30Two Sigma Advisers, LLC0.64460.0089688200553500410.9131
2024-06-30JPMorgan Chase & Co0.56480.0003603056-128305-17.5433
2024-06-30LSV Asset Management0.51730.007552357450209440.7419
2024-06-30Empowered Funds, LLC0.46230.0497493569-422649-46.1297
2024-06-30Harvey Capital Management Inc0.43030.7028459429-8990-1.9192
2024-06-30Acadian Asset Management LLC0.41080.0041438586-1459947-76.8987
2024-06-30Denali Advisors LLC0.39180.6662418300317900316.6335
2024-06-30Two Sigma Investments LLC0.38490.00554109883746881032.1983
2024-06-30Northern Trust Corp0.36350.0004388074-21602-5.2729
Total 20.31091.65721685802+130342+0.6%

4.9.2. Funds holding Safe Bulkers Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-09-30iShares Russell 2000 ETF1.56330.0124166919400
2024-09-28Avantis US Small Cap Value ETF1.54520.062216498407040.0427
2024-03-31Acadian Emerging Markets Small-Cap Comp0.92540.222498803730566744.7949
2024-07-31Fidelity Small Cap Index0.61540.0117657092-23014-3.3839
2024-04-30Goldman Sachs Small Cp Val Insghts Instl0.56130.354359933200
2024-09-30iShares Russell 2000 Value ETF0.53180.023556776000
2024-06-30Bridgeway Omni Small-Cap Value N0.50770.263254210000
2024-06-30Bridgeway Omni Small-Cap Value0.50770.263354210000
2024-09-30State St Russell Sm/Mid Cp® Indx NL Cl C0.49770.005953139500
2024-09-30EA Bridgeway Omni Small-Cap Value ETF0.48610.18575189829850.1902
2023-12-31Masira Inversión SICAV0.34491.50873682522880.0783
2024-08-31Vanguard Russell 2000 ETF0.23830.011925446264662.6073
2024-09-30Invesco FTSE RAFI US 1500 Small-Mid ETF0.21470.0464229249-111-0.0484
2024-09-30State St Russell Sm Cap® Indx SL Cl I0.2070.0116221065-40700-15.5483
2024-08-31SEI Small Cap F (SIMT)0.19230.1728205365-2274-1.0952
2024-09-30SPDR® Portfolio Emerging Markets ETF0.18760.0120025600
2023-12-31NT R2000 Value Index Fund - NL0.18030.02192480-6579-3.3051
2024-08-31Incrementum All Seasons Fund CHF I0.16830.488117965000
2024-08-31JPMorgan Small Cap Value I0.16320.066217422100
2024-06-30NT R2000 Index Fund - NL0.14750.0151157456-26079-14.2093
Total 9.78573.755410448288+215353+2.1%

5.3. Insider Transactions

Insiders are holding 45.314% of the shares of Safe Bulkers Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2018-02-16Robert Kim TylerBUY9000.07 
2018-02-15Robert MorrisonBUY70000.08 
2018-02-13Robert MorrisonSELL90000.06 
2017-10-30Robert MorrisonSELL170000.05 
2017-10-25Robert MorrisonSELL1000000.04 
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5. Financial Statements




5.1. Latest Balance Sheet

Balance Sheet of 2024-06-30. Currency in USD. All numbers in thousands.

Summary
Total Assets1,337,874
Total Liabilities530,334
Total Stockholder Equity807,540
 As reported
Total Liabilities 530,334
Total Stockholder Equity+ 807,540
Total Assets = 1,337,874

Assets

Total Assets1,337,874
Total Current Assets101,824
Long-term Assets1,236,050
Total Current Assets
Cash And Cash Equivalents 72,281
Other Current Assets 29,543
Total Current Assets  (as reported)101,824
Total Current Assets  (calculated)101,824
+/-0
Long-term Assets
Property Plant Equipment 1,212,111
Long-term Assets Other 14,664
Long-term Assets  (as reported)1,236,050
Long-term Assets  (calculated)1,226,775
+/- 9,275

Liabilities & Shareholders' Equity

Total Current Liabilities54,304
Long-term Liabilities476,030
Total Stockholder Equity807,540
Total Current Liabilities
Short-term Debt 24,370
Short Long Term Debt 24,370
Other Current Liabilities 29,934
Total Current Liabilities  (as reported)54,304
Total Current Liabilities  (calculated)78,674
+/- 24,370
Long-term Liabilities
Long term Debt 466,778
Long-term Liabilities Other 9,252
Long-term Liabilities  (as reported)476,030
Long-term Liabilities  (calculated)476,030
+/-0
Total Stockholder Equity
Common Stock807,540
Total Stockholder Equity (as reported)807,540
Total Stockholder Equity (calculated)807,540
+/-0
Other
Cash and Short Term Investments 72,281
Common Stock Shares Outstanding 106,768
Liabilities and Stockholders Equity 1,337,874
Net Debt 418,867
Net Invested Capital 491,148
Net Working Capital 60,513
Property Plant and Equipment Gross 1,212,111
Short Long Term Debt Total 491,148



5.2. Balance Sheets Structured

Currency in USD. All numbers in thousands.

 Trend2024-06-302024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302006-12-31
> Total Assets 
535,783
0
0
407,657
0
381,269
432,645
482,282
570,174
602,310
609,094
729,400
741,689
787,434
805,372
808,245
799,963
799,963
828,931
877,271
909,064
922,713
1,061,863
1,082,214
1,034,601
1,060,546
1,112,216
1,112,216
1,137,511
1,257,231
1,192,829
1,182,329
1,229,120
1,244,268
1,314,212
1,309,631
1,233,882
1,217,506
1,173,753
1,173,753
1,186,126
1,155,493
1,126,589
1,035,097
1,022,997
1,044,653
1,039,127
1,076,199
1,059,006
1,067,473
1,068,839
1,114,643
1,105,422
1,113,589
1,092,904
1,105,629
1,113,163
1,077,459
1,063,808
1,094,320
1,173,290
1,197,949
1,250,154
1,240,345
1,240,345
1,254,435
1,254,728
1,339,816
1,351,100
1,337,874
1,337,8741,351,1001,339,8161,254,7281,254,4351,240,3451,240,3451,250,1541,197,9491,173,2901,094,3201,063,8081,077,4591,113,1631,105,6291,092,9041,113,5891,105,4221,114,6431,068,8391,067,4731,059,0061,076,1991,039,1271,044,6531,022,9971,035,0971,126,5891,155,4931,186,1261,173,7531,173,7531,217,5061,233,8821,309,6311,314,2121,244,2681,229,1201,182,3291,192,8291,257,2311,137,5111,112,2161,112,2161,060,5461,034,6011,082,2141,061,863922,713909,064877,271828,931799,963799,963808,245805,372787,434741,689729,400609,094602,310570,174482,282432,645381,2690407,65700535,783
   > Total Current Assets 
0
0
0
0
0
26,024
63,096
88,086
150,596
211,141
150,645
158,909
96,796
140,613
104,276
53,440
31,796
31,796
37,541
37,959
29,792
20,829
133,598
171,829
97,795
117,898
173,185
173,185
131,743
230,000
149,067
135,892
147,651
142,916
190,251
243,162
143,324
134,373
111,008
111,008
119,150
102,458
83,695
79,086
78,269
81,440
59,378
101,262
94,184
104,489
103,360
135,989
128,439
121,283
111,773
134,734
149,165
171,514
139,817
124,116
179,035
151,959
161,900
136,064
136,064
124,382
105,923
146,721
148,205
101,824
101,824148,205146,721105,923124,382136,064136,064161,900151,959179,035124,116139,817171,514149,165134,734111,773121,283128,439135,989103,360104,48994,184101,26259,37881,44078,26979,08683,695102,458119,150111,008111,008134,373143,324243,162190,251142,916147,651135,892149,067230,000131,743173,185173,185117,89897,795171,829133,59820,82929,79237,95937,54131,79631,79653,440104,276140,61396,796158,909150,645211,141150,59688,08663,09626,02400000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
48,976
145,570
149,549
127,548
152,690
92,920
136,791
100,415
48,163
25,879
25,879
28,144
28,121
18,650
7,964
121,565
125,524
50,004
65,792
71,421
71,421
60,015
154,914
76,998
118,250
127,352
121,850
172,220
196,748
129,420
82,972
94,813
94,813
102,780
89,557
67,823
60,016
61,265
65,098
41,934
51,879
72,519
79,540
76,321
78,938
92,614
64,135
89,535
90,038
112,790
113,631
94,500
101,004
-20,780
-19,594
111,188
114,377
0
79,236
74,061
50,211
78,705
72,281
72,28178,70550,21174,06179,2360114,377111,188-19,594-20,780101,00494,500113,631112,79090,03889,53564,13592,61478,93876,32179,54072,51951,87941,93465,09861,26560,01667,82389,557102,78094,81394,81382,972129,420196,748172,220121,850127,352118,25076,998154,91460,01571,42171,42165,79250,004125,524121,5657,96418,65028,12128,14425,87925,87948,163100,415136,79192,920152,690127,548149,549145,57048,9760000000
       Short-term Investments 
0
0
0
0
0
0
0
53,903
0
0
0
64,279
0
0
0
35,080
0
0
0
0
0
0
0
22,800
0
0
50,000
50,000
50,000
50,000
50,000
10,939
0
0
0
1,500
0
27,500
12,000
12,000
0
0
0
12,157
0
0
0
29,895
0
0
0
27,440
0
35,000
0
11,780
0
1,080
1,230
1,080
176,842
148,703
0
-24,558
0
0
0
39,731
0
0
0039,731000-24,5580148,703176,8421,0801,2301,080011,780035,000027,44000029,89500012,15700012,00012,00027,50001,50000010,93950,00050,00050,00050,00050,0000022,800000000035,08000064,27900053,9030000000
       Net Receivables 
0
0
0
0
0
0
0
640
640
40,645
0
1,905
0
0
1,285
1,285
0
0
0
5,574
0
0
0
37,601
0
0
36,372
36,372
0
0
0
4,742
0
0
0
7,573
0
9,394
9,002
9,002
0
0
0
13,055
0
0
0
12,216
0
0
0
16,075
0
4,988
0
5,489
0
5,830
6,180
8,747
0
0
0
7,159
0
0
0
9,277
0
0
009,2770007,1590008,7476,1805,83005,48904,988016,07500012,21600013,0550009,0029,0029,39407,5730004,74200036,37236,3720037,6010005,5740001,2851,285001,905040,6456406400000000
       Inventory 
633
0
0
792
0
0
0
1,189
1,189
0
0
1,245
0
0
1,417
1,417
0
0
0
2,653
0
0
0
5,900
0
0
12,600
12,600
0
0
0
11,185
0
0
0
5,167
0
5,263
5,174
5,174
0
0
0
4,227
0
0
0
4,139
0
0
0
9,265
0
11,733
0
12,036
0
9,596
7,213
8,653
0
0
0
17,323
0
0
0
16,652
0
0
0016,65200017,3230008,6537,2139,596012,036011,73309,2650004,1390004,2270005,1745,1745,26305,16700011,18500012,60012,600005,9000002,6530001,4171,417001,245001,1891,18900079200633
   > Long-term Assets 
0
0
0
0
0
355,245
369,549
394,196
419,578
391,169
458,449
570,491
644,893
646,821
701,096
754,805
768,167
768,167
791,390
839,312
879,272
901,884
928,265
910,385
936,806
942,648
939,031
939,031
1,005,768
1,027,231
1,043,762
1,046,437
1,081,469
1,101,352
1,123,961
1,066,469
1,090,558
1,083,133
1,062,745
1,062,745
1,066,976
1,053,035
1,042,894
956,011
944,728
963,213
979,749
974,937
964,822
962,984
965,479
978,654
976,983
992,306
981,131
970,895
963,998
905,945
923,991
970,204
994,255
1,045,990
1,088,254
1,104,281
1,104,281
1,130,053
1,148,805
1,193,095
1,202,895
1,236,050
1,236,0501,202,8951,193,0951,148,8051,130,0531,104,2811,104,2811,088,2541,045,990994,255970,204923,991905,945963,998970,895981,131992,306976,983978,654965,479962,984964,822974,937979,749963,213944,728956,0111,042,8941,053,0351,066,9761,062,7451,062,7451,083,1331,090,5581,066,4691,123,9611,101,3521,081,4691,046,4371,043,7621,027,2311,005,768939,031939,031942,648936,806910,385928,265901,884879,272839,312791,390768,167768,167754,805701,096646,821644,893570,491458,449391,169419,578394,196369,549355,24500000
       Property Plant Equipment 
253,448
0
0
308,340
0
347,080
358,989
387,144
412,554
384,629
452,383
514,885
589,187
590,448
640,258
693,691
705,593
705,593
729,679
777,663
817,784
840,032
865,238
849,903
876,589
881,718
931,499
931,499
997,568
1,018,387
1,034,029
1,034,666
1,070,050
1,090,303
1,108,333
1,056,517
1,078,738
1,071,284
1,051,726
1,051,726
1,056,901
1,044,069
1,034,682
946,529
935,251
954,305
970,691
963,887
953,728
951,368
954,027
964,000
959,224
973,841
963,295
951,290
943,158
891,165
909,401
952,813
983,169
1,035,131
1,077,449
1,092,637
1,092,637
1,117,664
1,137,799
1,181,221
1,192,677
1,212,111
1,212,1111,192,6771,181,2211,137,7991,117,6641,092,6371,092,6371,077,4491,035,131983,169952,813909,401891,165943,158951,290963,295973,841959,224964,000954,027951,368953,728963,887970,691954,305935,251946,5291,034,6821,044,0691,056,9011,051,7261,051,7261,071,2841,078,7381,056,5171,108,3331,090,3031,070,0501,034,6661,034,0291,018,387997,568931,499931,499881,718876,589849,903865,238840,032817,784777,663729,679705,593705,593693,691640,258590,448589,187514,885452,383384,629412,554387,144358,989347,0800308,34000253,448
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
762
0
0
0
455
0
0
0
181
0
0
2
88
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000000088200181000455000762000000000000000000000000000
       Long-term Assets Other 
0
0
0
0
0
8,165
10,560
7,052
7,024
6,540
6,066
5,606
5,706
6,373
10,838
11,114
12,574
12,574
11,711
11,649
11,488
11,852
13,027
10,482
10,217
10,930
6,770
7,532
8,200
8,844
9,733
11,316
11,419
11,049
15,628
9,771
11,820
11,849
10,931
11,019
10,075
8,966
8,212
9,482
9,477
8,908
9,058
11,050
11,094
11,616
11,452
14,654
17,759
18,465
17,836
19,605
20,840
295
3,314
980
836
609
305
2,744
11,644
3,139
1,756
268
1,843
14,664
14,6641,8432681,7563,13911,6442,7443056098369803,31429520,84019,60517,83618,46517,75914,65411,45211,61611,09411,0509,0588,9089,4779,4828,2128,96610,07511,01910,93111,84911,8209,77115,62811,04911,41911,3169,7338,8448,2007,5326,77010,93010,21710,48213,02711,85211,48811,64911,71112,57412,57411,11410,8386,3735,7065,6066,0666,5407,0247,05210,5608,16500000
> Total Liabilities 
306,732
0
0
350,782
0
434,129
454,205
517,827
551,905
534,090
526,877
533,256
530,999
564,585
561,239
546,656
490,228
490,228
510,035
545,429
530,950
534,550
664,427
656,358
596,479
562,626
533,880
533,880
553,721
544,131
485,191
482,230
540,256
564,207
646,052
675,485
621,769
618,184
595,217
595,217
614,424
613,474
580,744
578,749
573,141
593,429
582,667
593,367
593,012
602,810
601,774
624,701
649,353
656,094
652,511
660,882
637,349
523,169
447,019
415,080
466,484
490,531
503,190
469,288
469,288
489,440
482,285
547,305
562,517
530,334
530,334562,517547,305482,285489,440469,288469,288503,190490,531466,484415,080447,019523,169637,349660,882652,511656,094649,353624,701601,774602,810593,012593,367582,667593,429573,141578,749580,744613,474614,424595,217595,217618,184621,769675,485646,052564,207540,256482,230485,191544,131553,721533,880533,880562,626596,479656,358664,427534,550530,950545,429510,035490,228490,228546,656561,239564,585530,999533,256526,877534,090551,905517,827454,205434,1290350,78200306,732
   > Total Current Liabilities 
172,275
0
0
41,507
0
18,328
20,524
70,863
67,750
72,952
62,011
41,056
40,507
42,628
52,983
53,245
51,386
51,386
48,132
51,673
52,325
57,465
56,146
47,493
53,741
42,057
57,304
57,304
92,894
90,580
42,305
28,718
33,192
37,168
43,639
105,726
37,566
40,911
23,780
23,780
24,562
67,593
36,640
36,933
59,122
87,816
78,958
54,606
57,450
62,306
76,682
86,784
98,791
89,271
89,156
104,715
121,007
67,761
66,219
88,692
73,271
76,236
78,464
64,868
64,868
78,469
52,454
55,733
58,218
54,304
54,30458,21855,73352,45478,46964,86864,86878,46476,23673,27188,69266,21967,761121,007104,71589,15689,27198,79186,78476,68262,30657,45054,60678,95887,81659,12236,93336,64067,59324,56223,78023,78040,91137,566105,72643,63937,16833,19228,71842,30590,58092,89457,30457,30442,05753,74147,49356,14657,46552,32551,67348,13251,38651,38653,24552,98342,62840,50741,05662,01172,95267,75070,86320,52418,328041,50700172,275
       Short-term Debt 
0
0
0
0
0
18,328
20,524
54,807
50,454
58,104
49,104
18,367
21,667
25,137
27,674
28,594
19,254
19,254
15,973
18,486
16,453
19,196
23,821
19,199
22,576
15,069
35,185
35,185
72,312
71,990
27,205
17,121
20,120
27,467
29,371
77,467
27,640
31,306
12,177
12,177
12,115
53,946
24,908
25,588
48,046
71,239
65,304
36,185
45,097
45,586
56,188
64,054
74,242
62,418
68,291
75,784
88,177
27,270
34,394
61,857
42,503
43,104
44,766
22,844
0
45,224
21,063
25,529
30,383
24,370
24,37030,38325,52921,06345,224022,84444,76643,10442,50361,85734,39427,27088,17775,78468,29162,41874,24264,05456,18845,58645,09736,18565,30471,23948,04625,58824,90853,94612,11512,17712,17731,30627,64077,46729,37127,46720,12017,12127,20571,99072,31235,18535,18515,06922,57619,19923,82119,19616,45318,48615,97319,25419,25428,59427,67425,13721,66718,36749,10458,10450,45454,80720,52418,32800000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
512,297
0
0
0
16,225
0
0
0
77,785
0
609,000
584,897
12,194
600,977
599,327
24,908
25,590
48,046
48,939
65,304
36,185
45,097
45,586
56,188
64,054
74,242
62,418
68,291
75,784
88,177
27,270
34,394
39,912
21,723
23,510
26,378
43,556
22,844
45,224
21,063
24,781
30,172
24,370
24,37030,17224,78121,06345,22422,84443,55626,37823,51021,72339,91234,39427,27088,17775,78468,29162,41874,24264,05456,18845,58645,09736,18565,30448,93948,04625,59024,908599,327600,97712,194584,897609,000077,78500016,225000512,297000000000000000000000000000
       Accounts payable 
1,051
0
0
1,202
0
0
0
1,575
1,575
0
0
2,668
0
0
1,470
1,470
0
0
0
1,183
0
0
0
3,061
0
0
4,109
4,109
0
0
0
3,014
0
0
0
5,277
0
4,935
5,392
5,392
0
0
0
4,137
0
0
0
6,106
0
0
0
12,965
0
17,017
0
13,480
0
9,652
7,500
9,985
0
0
0
10,487
0
0
0
10,442
0
0
0010,44200010,4870009,9857,5009,652013,480017,017012,9650006,1060004,1370005,3925,3924,93505,2770003,0140004,1094,109003,0610001,1830001,4701,470002,668001,5751,5750001,202001,051
       Other Current Liabilities 
162,951
0
0
23,685
0
0
0
6,030
17,296
14,848
12,907
22,689
18,840
17,491
13,154
24,651
32,132
32,132
32,159
8,793
35,872
38,269
32,325
7,028
31,165
26,988
4,904
4,904
20,582
18,590
15,100
4,984
13,072
9,701
14,268
21,026
9,926
3,234
4,171
4,171
12,447
13,647
11,732
3,668
11,076
16,577
13,654
6,906
12,353
16,720
20,494
6,725
24,549
5,189
20,865
9,228
32,830
23,725
12,715
5,836
30,768
33,132
33,698
42,024
42,024
33,245
31,391
8,909
27,835
29,934
29,93427,8358,90931,39133,24542,02442,02433,69833,13230,7685,83612,71523,72532,8309,22820,8655,18924,5496,72520,49416,72012,3536,90613,65416,57711,0763,66811,73213,64712,4474,1714,1713,2349,92621,02614,2689,70113,0724,98415,10018,59020,5824,9044,90426,98831,1657,02832,32538,26935,8728,79332,15932,13232,13224,65113,15417,49118,84022,68912,90714,84817,2966,03000023,68500162,951
   > Long-term Liabilities 
0
0
0
0
0
415,801
433,681
446,964
484,155
461,138
464,866
492,200
490,492
521,957
508,256
493,411
438,842
438,842
461,903
493,756
478,625
477,085
608,281
608,865
542,738
520,569
476,576
476,576
460,827
453,551
442,886
453,512
507,064
527,039
602,413
569,759
584,203
577,273
571,437
571,437
589,862
545,881
544,104
541,816
514,019
505,613
503,709
538,761
535,562
540,504
525,092
537,917
550,562
566,823
563,355
556,167
516,342
455,408
380,800
326,388
393,213
414,295
424,726
404,420
404,420
410,971
429,831
491,572
504,299
476,030
476,030504,299491,572429,831410,971404,420404,420424,726414,295393,213326,388380,800455,408516,342556,167563,355566,823550,562537,917525,092540,504535,562538,761503,709505,613514,019541,816544,104545,881589,862571,437571,437577,273584,203569,759602,413527,039507,064453,512442,886453,551460,827476,576476,576520,569542,738608,865608,281477,085478,625493,756461,903438,842438,842493,411508,256521,957490,492492,200464,866461,138484,155446,964433,681415,80100000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
555,506
535,366
540,171
524,762
554,195
548,162
580,238
558,129
549,995
509,277
446,923
371,311
315,796
379,830
401,240
410,832
370,806
0
0
0
0
0
0
000000370,806410,832401,240379,830315,796371,311446,923509,277549,995558,129580,238548,162554,195524,762540,171535,366555,50600000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
3,008
0
0
0
33,481
0
0
0
44,960
44,933
48,225
49,887
41,186
35,638
31,854
32,335
27,951
21,054
16,570
15,076
12,397
14,794
10,042
7,584
3,466
2,267
2,297
1,584
1,065
1,397
1,157
1,594
360
888
959
2,417
1,657
1,000
500
0
0
0
16,905
16,998
253
196
333
330
922
2,400
2,279
5,226
6,172
7,065
8,088
9,254
10,592
13,383
13,055
13,894
11,879
0
0
10,225
0
0
0
00010,2250011,87913,89413,05513,38310,5929,2548,0887,0656,1725,2262,2792,40092233033319625316,99816,9050005001,0001,6572,4179598883601,5941,1571,3971,0651,5842,2972,2673,4667,58410,04214,79412,39715,07616,57021,05427,95132,33531,85435,63841,18649,88748,22544,93344,96000033,4810003,008000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,347
0
0
0
701
0
0
0
1,016
0
1,000
0
0
0
0
0
0
0
0
0
35
0
0
0
258
0
0
0
160
0
160
198
884
0
0
0
510
0
0
0
0
0
0
0000005100008841981600160000258000350000000001,00001,0160007010005,347000000000000000000000000000
> Total Stockholder Equity
229,051
0
0
56,875
0
-52,860
-21,560
-35,545
18,269
68,220
82,217
196,144
210,690
222,849
244,133
261,589
309,735
309,735
318,896
331,842
378,114
388,163
397,436
425,856
438,122
497,920
578,336
578,336
583,790
713,100
707,638
700,099
688,864
680,061
668,160
634,146
612,113
599,322
578,536
578,536
571,702
542,019
545,845
456,348
449,856
451,224
456,460
465,834
448,996
447,665
450,067
472,742
438,869
440,287
423,185
427,547
457,702
554,290
616,789
679,240
706,806
707,418
746,964
771,057
771,057
764,995
772,443
792,511
788,583
807,540
807,540788,583792,511772,443764,995771,057771,057746,964707,418706,806679,240616,789554,290457,702427,547423,185440,287438,869472,742450,067447,665448,996465,834456,460451,224449,856456,348545,845542,019571,702578,536578,536599,322612,113634,146668,160680,061688,864700,099707,638713,100583,790578,336578,336497,920438,122425,856397,436388,163378,114331,842318,896309,735309,735261,589244,133222,849210,690196,14482,21768,22018,269-35,545-21,560-52,860056,87500229,051
   Common Stock
0
0
0
0
0
0
0
55
55
0
0
55
0
0
66
66
0
0
0
71
0
0
397,436
77
438,122
497,920
83
83
83
713,100
707,638
83
688,864
680,061
668,160
83
612,113
83
99
99
571,702
542,019
545,845
102
449,856
451,224
456,460
103
465,994
464,663
467,065
104
456,069
102
440,393
102
475,814
119
122
122
706,806
707,418
746,964
771,057
0
764,995
772,443
112
788,583
807,540
807,540788,583112772,443764,9950771,057746,964707,418706,806122122119475,814102440,393102456,069104467,065464,663465,994103456,460451,224449,856102545,845542,019571,702999983612,11383668,160680,061688,86483707,638713,100838383497,920438,12277397,4360071000666600550055550000000
   Retained Earnings 
229,051
0
0
56,875
0
0
0
-35,630
-35,630
0
0
97,074
0
0
168,901
168,901
0
0
0
216,853
0
0
0
275,510
0
0
341,025
341,025
346,451
0
0
329,744
0
0
0
264,261
0
230,413
194,246
194,246
0
0
0
95,105
0
0
0
111,279
0
0
0
115,620
0
85,906
0
90,306
0
138,770
191,402
253,861
0
0
0
392,789
0
0
0
439,462
0
0
00439,462000392,789000253,861191,402138,770090,306085,9060115,620000111,27900095,105000194,246194,246230,4130264,261000329,74400346,451341,025341,02500275,510000216,853000168,901168,9010097,07400-35,630-35,63000056,87500229,051
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
355,134
0
0
0
356,963
0
354,224
0
354,284
0
0
0
425,202
0
0
0
378,968
0
0
0
0
0
0
000000378,968000425,202000354,2840354,2240356,963000355,13400000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000-737000-120000-1200-1070000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
-52,860
-21,560
35,823
18,269
68,220
82,217
196,144
210,690
222,849
139,289
261,589
309,735
309,735
318,896
202,678
378,114
388,163
397,436
270,279
438,122
497,920
394,616
394,616
583,790
713,100
707,638
570,689
688,864
680,061
668,160
606,327
612,113
629,478
670,202
670,202
571,702
542,019
545,845
630,075
449,856
451,224
456,460
671,457
448,996
447,665
450,067
724,333
438,869
354,224
423,185
354,284
457,702
415,346
425,210
425,202
706,806
707,418
746,964
378,968
0
0
0
353,009
0
0
00353,009000378,968746,964707,418706,806425,202425,210415,346457,702354,284423,185354,224438,869724,333450,067447,665448,996671,457456,460451,224449,856630,075545,845542,019571,702670,202670,202629,478612,113606,327668,160680,061688,864570,689707,638713,100583,790394,616394,616497,920438,122270,279397,436388,163378,114202,678318,896309,735309,735261,589139,289222,849210,690196,14482,21768,22018,26935,823-21,560-52,86000000



5.3. Balance Sheets

Currency in USD. All numbers in thousands.