Discounted Cash Flow

Safe Bulkers, Inc. Foreign

SB · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $109.8m $-56.0m $10.0m -51.0% $-0.83
2017 $148.0m (34.9%) $-84.7m (-51.3%) $49.9m (400.0%) -57.2% (-12.2%) $-0.98 (-18.1%)
2018 $193.2m (30.5%) $27.7m (132.7%) $84.4m (69.2%) 14.3% (125.1%) $0.16 (116.3%)
2019 $197.8m (2.4%) $16.0m (-42.1%) $52.7m (-37.6%) 8.1% (-43.4%) $0.04 (-75.0%)
2020 $198.2m (0.2%) $-12.9m (-180.5%) $62.4m (18.5%) -6.5% (-180.3%) $-0.25 (-725.0%)
2021 $329.0m (66.0%) $174.3m (1451.0%) $215.7m (245.6%) 53.0% (913.6%) $1.44 (676.0%)
2022 $349.7m (6.3%) $172.6m (-1.0%) $214.3m (-0.6%) 49.3% (-6.9%) $1.36 (-5.6%)
2023 $284.4m (-18.7%) $77.4m (-55.2%) $121.4m (-43.4%) 27.2% (-44.9%) $0.61 (-55.1%)
2024 $307.6m (8.2%) $97.4m (25.9%) $130.3m (7.4%) 31.7% (16.4%) $0.83 (36.1%)
2025 $275.7m (-10.4%) $38.6m (-60.4%) $102.1m (-21.6%) 14.0% (-55.8%) $0.30 (-63.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model