(GSL) Global Ship Lease - NYSE
Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 1.444m USD | Total Return: 58.8% in 12m
Avg Turnover: 13.5M
EPS Trend: 91.3%
Qual. Beats: 1
Rev. Trend: 98.2%
Qual. Beats: 6
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Global Ship Lease, Inc. (GSL) is a Marshall Islands corporation headquartered in Athens, Greece, that specializes in the ownership and leasing of containerships. The company operates a fleet of 71 mid-sized and smaller vessels, with capacities ranging from 2,207 to 11,040 TEU, totaling 423,003 TEU as of March 2026.
The business model relies on long-term, fixed-rate time charters with global liner companies, which provides predictable cash flow and mitigates exposure to short-term spot market volatility. In the marine transportation sector, mid-sized vessels are often prioritized for regional trade routes and feeder services that larger post-Panamax ships cannot navigate due to port infrastructure constraints.
Investors may find additional valuation metrics and historical performance data on ValueRay to further their analysis. Originally founded as Marathon Acquisition Corp. in 2007, the firm transitioned to its current identity in 2008 and remains a significant provider of outsourced tonnage to the container shipping industry.
- Long-term fixed-rate charter renewals determine revenue stability and forward cash flow visibility
- Global container trade demand fluctuations impact spot market rates and asset valuations
- Scarcity of mid-sized vessel supply supports higher re-chartering rates and margins
- Financing costs and debt service obligations influence dividend capacity and shareholder returns
- Environmental regulatory compliance costs for older vessels pressure long-term capital expenditure requirements
| Net Income: 386.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 9.06 > 1.0 |
| NWC/Revenue: 49.31% < 20% (prev 28.54%; Δ 20.77% < -1%) |
| CFO/TA 0.17 > 3% & CFO 505.8m > Net Income 386.9m |
| Net Debt (122.7m) to EBITDA (557.9m): 0.22 < 3 |
| Current Ratio: 2.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.6m) vs 12m ago 2.86% < -2% |
| Gross Margin: 53.13% > 18% (prev 54.74%; Δ -1.61% > 0.5%) |
| Asset Turnover: 28.13% > 50% (prev 27.76%; Δ 0.37% > 0%) |
| Interest Coverage Ratio: 11.07 > 6 (EBIT TTM 425.3m / Interest Expense TTM 38.4m) |
| A: 0.13 (Total Current Assets 681.3m - Total Current Liabilities 301.5m) / Total Assets 2.90b |
| B: 0.40 (Retained Earnings 1.17b / Total Assets 2.90b) |
| C: 0.16 (EBIT TTM 425.3m / Avg Total Assets 2.74b) |
| D: 1.83 (Book Value of Equity 1.88b / Total Liabilities 1.02b) |
| Altman-Z'' = 5.14 = AAA |
| DSRI: 2.25 (Receivables 55.1m/22.8m, Revenue 770.2m/715.2m) |
| GMI: 1.03 (GM 54.74% / 53.13%) |
| AQI: 1.23 (AQ_t 0.08 / AQ_t-1 0.06) |
| SGI: 1.08 (Revenue 770.2m / 715.2m) |
| TATA: -0.04 (NI 386.9m - CFO 505.8m) / TA 2.90b) |
| Beneish M = -1.78 (Cap -4..+1) = B |
As of June 17, 2026, the stock is trading at USD 38.78 with a total of 258,445 shares traded.
Over the past week, the price has changed by +0.57%,
over one month by -4.67%,
over three months by +4.13% and
over the past year by +58.80%.
Global Ship Lease has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy GSL.
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 48 | 23.8% |
P/E Trailing = 3.8308
P/E Forward = 3.1066
P/S = 1.9074
P/B = 0.77
P/EG = 0.8742
Revenue TTM = 770.2m USD
EBIT TTM = 425.3m USD
EBITDA TTM = 557.9m USD
Long Term Debt = 505.3m USD (from longTermDebt, last quarter)
Short Term Debt = 147.6m USD (from shortTermDebt, last quarter)
Debt = 671.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 19.1m
Net Debt = 122.7m USD (calculated: Debt 671.9m - CCE 549.2m)
Enterprise Value = 1.57b USD (1.44b + Debt 671.9m - CCE 549.2m)
Interest Coverage Ratio = 11.07 (Ebit TTM 425.3m / Interest Expense TTM 38.4m)
EV/FCF = 3.87x (Enterprise Value 1.57b / FCF TTM 404.5m)
FCF Yield = 25.82% (FCF TTM 404.5m / Enterprise Value 1.57b)
FCF Margin = 52.51% (FCF TTM 404.5m / Revenue TTM 770.2m)
Net Margin = 50.23% (Net Income TTM 386.9m / Revenue TTM 770.2m)
Gross Margin = 53.13% ((Revenue TTM 770.2m - Cost of Revenue TTM 361.0m) / Revenue TTM)
Gross Margin QoQ = 53.65% (prev 51.00%)
Tobins Q-Ratio = 0.54 (Enterprise Value 1.57b / Total Assets 2.90b)
Interest Expense / Debt = 5.72% (Interest Expense 38.4m / Debt 671.9m)
Taxrate = 0.0% (0.0 / 386.9m)
NOPAT = 425.3m (EBIT 425.3m * (1 - 0.00%))
Current Ratio = 2.26 (Total Current Assets 681.3m / Total Current Liabilities 301.5m)
Debt / Equity = 0.36 (Debt 671.9m / totalStockholderEquity, last quarter 1.88b)
Debt / EBITDA = 0.22 (Net Debt 122.7m / EBITDA 557.9m)
Debt / FCF = 0.30 (Net Debt 122.7m / FCF TTM 404.5m)
Total Stockholder Equity = 1.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.13% (Net Income 386.9m / Total Assets 2.90b)
RoE = 21.99% (Net Income TTM 386.9m / Total Stockholder Equity 1.76b)
RoCE = 18.78% (EBIT 425.3m / Capital Employed (Equity 1.76b + L.T.Debt 505.3m))
RoIC = 15.71% (NOPAT 425.3m / Invested Capital 2.71b)
WACC = 7.30% (E(1.44b)/V(2.12b) * Re(8.03%) + D(671.9m)/V(2.12b) * Rd(5.72%) * (1-Tc(0.0)))
Discount Rate = 8.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 1.75%
[DCF] Terminal Value 77.97% ; FCFF base≈293.1m ; Y1≈336.0m ; Y5≈494.5m
[DCF] Fair Price = 203.1 (EV 7.44b - Net Debt 122.7m = Equity 7.32b / Shares 36.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 91.31 | EPS CAGR: 6.91% | SUE: 1.08 | # QB: 1
Revenue Correlation: 98.18 | Revenue CAGR: 6.84% | SUE: 1.93 | # QB: 6
EPS current Quarter (2026-06-30): EPS=2.42 | Chg30d=+0.21% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=2.44 | Chg30d=-2.40% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=9.88 | Chg30d=-0.03% | Revisions=+14% | GrowthEPS=-3.7% | GrowthRev=-0.4%
EPS next Year (2027-12-31): EPS=8.99 | Chg30d=-1.06% | Revisions=-14% | GrowthEPS=-9.0% | GrowthRev=-6.0%
[Analyst] Revisions Ratio: +14%