Head-To-Head Comparison: Baltic Trading (BALT) versus Safe Bulkers (SB)
Safe Bulkers (NYSE: SB) and Baltic Trading (NYSE:BALT) are both small-cap industrials companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, risk, institutional ownership, dividends, profitability, earnings and valuation.
Volatility and Risk
Safe Bulkers has a beta of 2.27, suggesting that its share price is 127% more volatile than the S&P 500. Comparatively, Baltic Trading has a beta of 1.33, suggesting that its share price is 33% more volatile than the S&P 500.
This table compares Safe Bulkers and Baltic Trading’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Safe Bulkers||$109.77 million||3.12||-$55.96 million||($0.19)||-17.74|
Baltic Trading has lower revenue, but higher earnings than Safe Bulkers. Safe Bulkers is trading at a lower price-to-earnings ratio than Baltic Trading, indicating that it is currently the more affordable of the two stocks.
This table compares Safe Bulkers and Baltic Trading’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a summary of recent ratings and target prices for Safe Bulkers and Baltic Trading, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Safe Bulkers presently has a consensus price target of $3.10, indicating a potential downside of 8.01%. Given Safe Bulkers’ higher probable upside, equities analysts clearly believe Safe Bulkers is more favorable than Baltic Trading.
Insider and Institutional Ownership
20.1% of Safe Bulkers shares are owned by institutional investors. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Safe Bulkers beats Baltic Trading on 9 of the 10 factors compared between the two stocks.
Safe Bulkers Company Profile
Safe Bulkers, Inc. is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world. As of February 17, 2017 the Company’s fleet included 38 vessels, of which 14 are Panamax class vessels, nine are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of 3,421,800 deadweight tonnage (dwt). The Company’s fleet of Post-Panamax vessels includes Marina, Xenia, Sophia, Eleni, Martine, Andreas K, Panayiota K, Venus Heritage, Venus History, Venus Horizon and Troodos Sun. Its fleet of Capesize vessels includes Kanaris, Pelopidas and Lake Despina.
Baltic Trading Company Profile
Baltic Trading Limited is a shipping business focused on the drybulk industry spot market. The Company’s fleet consists of four Capesize vessels, two Ultramax vessels, four Supramax vessels and five Handysize vessels with an aggregate carrying capacity of approximately 1,221,000 deadweight tons. Its fleet contains six groups of sister ships, which are vessels of virtually identical sizes and specifications. It operates a fleet of drybulk ships that transport iron ore, coal, grain, steel products and other drybulk cargoes along shipping routes around the world. It operates its vessels on spot market-related time charters, short-term time charters or in vessel pools trading in the spot market. Genco Shipping & Trading Limited (Genco) serves as the Company’s manager. Genco provides it with commercial and strategic management of its fleet.
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