$Safe Bulkers (SB.US)$🎯 April 2, 2024. Current price is 4.9...

New data: 23Q3, 23Q4, revenue, operating profit, and net income continue to shrink, with a slight easing in the decline in Q4.

In 2023, revenue decreased by 18.7%, operating profit sharply declined by 49.2% due to a significant decrease in gross margin and an increase in operating expenses ratio, while net income decreased by 55.2% due to a substantial increase in interest expenses.

Debt-to-asset ratio increased from 38% to 40.8%, with slight growth in total assets and net assets. On the asset side, cash slightly decreased, fixed assets slightly increased, while on the liability side, short-term borrowings decreased slightly and long-term borrowings increased from 0.37 billion to 0.48 billion.

Operating cash flow net amount is lower than the net investment amount, and shareholder surplus has decreased.

Currently, the P/E ratio is 8.1 and the dividend yield is 4.1%, with a 5-year average net income of 0.075 billion corresponding to a P/E ratio of 7.3. Overall, it is still advisable to choose cautiously (⭐️).