$Safe Bulkers (SB.US)$🎯 2024.4.2 The current price is 4.9, ...

New data: 23Q3 and 23Q4. Revenue, operating profit, and net profit continued to shrink, and the contraction in Q4 moderated.

Revenue fell 18.7% in 2023, operating profit fell sharply by 49.2% due to a sharp contraction in gross margin and an increase in the share of expenses, and net profit fell 55.2% due to a sharp increase in interest expenses.

The balance ratio increased from 38% to 40.8%, and both total assets and net assets increased slightly. Asset-side cash declined, fixed assets increased, debt-side short-term loans declined, and long-term loans increased from 370 million to 480 million.

Net operating cash flow was lower than net investment, and shareholders' surpluses declined.

Currently, the price-earnings ratio is 8.1, the dividend rate is 4.1%, and the 5-year average net profit of 75 million yuan corresponds to a price-earnings ratio of 7.3. Overall, you can still choose carefully (⭐️).