Safe Bulkers: Maintaining Buy Rating On This Quality Shipper
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Safe Bulkers, a shipping company with a $380 million market cap, reported a 17% YoY increase in Q3 revenues to $76 million and EPS of $0.16. The company has strong liquidity and is trading at a 4.38x EV/EBITDA multiple, suggesting it is undervalued compared to peers.
December 21, 2024 | 8:30 am
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Safe Bulkers reported a 17% YoY increase in Q3 revenues and EPS of $0.16, with strong liquidity and a low EV/EBITDA multiple, indicating potential undervaluation.
The company's strong revenue growth and low EV/EBITDA multiple suggest it is undervalued, which could attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100