$Safe Bulkers (SB.US)$On April 2, 2024, the current price is...
$Safe Bulkers (SB.US)$🎯 April 2, 2024. Current price is 4.9, holding positions floating profit at 42%.
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 (⭐️).
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