SBSAFE BULKERS, INC.
Deep Sea Foreign Transportation Of Freight
- Revenue
- —
- Operating margin
- —
- EBITDA
- $130M
- 30% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.1×
- $407M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear265% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear11% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Operating income | $191M | $185M | $104M | $128M | $70M | 46% |
| Net income | $174M | $173M | $77M | $97M | $39M | 60% |
| Operating cash flow | $217M | $218M | $122M | $130M | $102M | 22% |
| Stock-based comp | $120K | $120K | $144K | $150K | $150K | 0.0% |
| Buybacks | $0 | $9M | $26M | $29M | $11M | 62% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.