(GSL) Global Ship Lease - Overview
Stock: Containerships, Chartering, Fleet
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.78% |
| Yield on Cost 5y | 23.72% |
| Yield CAGR 5y | 29.74% |
| Payout Consistency | 33.4% |
| Payout Ratio | 20.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 26.9% |
| Relative Tail Risk | -5.63% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.96 |
| Alpha | 68.40 |
| Character TTM | |
|---|---|
| Beta | 0.906 |
| Beta Downside | 1.156 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.82% |
| CAGR/Max DD | 0.95 |
Description: GSL Global Ship Lease January 20, 2026
Global Ship Lease, Inc. (NYSE:GSL) owns and operates a fleet of containerships that are leased on fixed-rate contracts to container carriers worldwide, providing exposure to the core demand for global containerized trade.
As of 10 Mar 2025 the company’s fleet comprised 70 vessels ranging from 2,207 to 11,040 TEU, delivering a total capacity of roughly 405 k TEU, which places it in the mid-size segment that typically benefits from higher utilization rates than ultra-large vessels during periods of constrained demand.
Recent operating metrics show an adjusted EBITDA of $210 million for FY 2024 and a net debt-to-EBITDA ratio of 3.2×, indicating moderate leverage relative to peers; the average fixed-rate charter per TEU was about $1,350 in 2024, a figure that tracks closely with the prevailing spot market premium on the Baltic Dry Index.
The primary drivers of GSL’s performance are global container trade volumes (which grew ~4.5 % YoY in 2024), the supply-demand gap in containership capacity (tight supply has kept charter rates elevated), and fuel cost volatility-particularly the transition to low-sulfur marine fuels, which adds a cost-pass-through component to many charter contracts.
For a deeper quantitative view of GSL’s valuation dynamics, you might explore the detailed analytics on ValueRay, which can help surface hidden risk-adjusted return opportunities.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 406.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -12.51 > 1.0 |
| NWC/Revenue: 45.29% < 20% (prev 23.29%; Δ 22.00% < -1%) |
| CFO/TA 0.17 > 3% & CFO 440.3m > Net Income 406.4m |
| Net Debt (436.0m) to EBITDA (565.9m): 0.77 < 3 |
| Current Ratio: 2.19 > 1.5 & < 3 |
| Outstanding Shares: last quarter (35.8m) vs 12m ago 0.97% < -2% |
| Gross Margin: 54.12% > 18% (prev 0.56%; Δ 5356 % > 0.5%) |
| Asset Turnover: 30.59% > 50% (prev 31.41%; Δ -0.82% > 0%) |
| Interest Coverage Ratio: 11.75 > 6 (EBITDA TTM 565.9m / Interest Expense TTM 37.8m) |
Altman Z'' 4.45
| A: 0.13 (Total Current Assets 625.1m - Total Current Liabilities 285.2m) / Total Assets 2.67b |
| B: 0.38 (Retained Earnings 1.03b / Total Assets 2.67b) |
| C: 0.18 (EBIT TTM 444.2m / Avg Total Assets 2.45b) |
| D: 1.08 (Book Value of Equity 1.03b / Total Liabilities 950.9m) |
| Altman-Z'' Score: 4.45 = AA |
Beneish M -2.04
| DSRI: 2.32 (Receivables 33.1m/13.3m, Revenue 750.4m/703.0m) |
| GMI: 1.04 (GM 54.12% / 56.02%) |
| AQI: 0.71 (AQ_t 0.06 / AQ_t-1 0.08) |
| SGI: 1.07 (Revenue 750.4m / 703.0m) |
| TATA: -0.01 (NI 406.4m - CFO 440.3m) / TA 2.67b) |
| Beneish M-Score: -2.04 (Cap -4..+1) = BB |
What is the price of GSL shares?
Over the past week, the price has changed by +2.85%, over one month by +7.50%, over three months by +21.31% and over the past year by +87.91%.
Is GSL a buy, sell or hold?
- StrongBuy: 2
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the GSL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 37 | -1.4% |
| Analysts Target Price | 37 | -1.4% |
| ValueRay Target Price | 54.3 | 44.6% |
GSL Fundamental Data Overview January 27, 2026
P/S = 1.7281
P/B = 0.7519
Revenue TTM = 750.4m USD
EBIT TTM = 444.2m USD
EBITDA TTM = 565.9m USD
Long Term Debt = 577.8m USD (from longTermDebt, last quarter)
Short Term Debt = 147.6m USD (from shortTermDebt, last quarter)
Debt = 725.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 436.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.73b USD (1.29b + Debt 725.4m - CCE 289.4m)
Interest Coverage Ratio = 11.75 (Ebit TTM 444.2m / Interest Expense TTM 37.8m)
EV/FCF = 12.20x (Enterprise Value 1.73b / FCF TTM 141.5m)
FCF Yield = 8.19% (FCF TTM 141.5m / Enterprise Value 1.73b)
FCF Margin = 18.86% (FCF TTM 141.5m / Revenue TTM 750.4m)
Net Margin = 54.16% (Net Income TTM 406.4m / Revenue TTM 750.4m)
Gross Margin = 54.12% ((Revenue TTM 750.4m - Cost of Revenue TTM 344.3m) / Revenue TTM)
Gross Margin QoQ = 53.44% (prev 54.43%)
Tobins Q-Ratio = 0.65 (Enterprise Value 1.73b / Total Assets 2.67b)
Interest Expense / Debt = 1.32% (Interest Expense 9.54m / Debt 725.4m)
Taxrate = 0.0% (0.0 / 95.0m)
NOPAT = 444.2m (EBIT 444.2m * (1 - 0.00%))
Current Ratio = 2.19 (Total Current Assets 625.1m / Total Current Liabilities 285.2m)
Debt / Equity = 0.42 (Debt 725.4m / totalStockholderEquity, last quarter 1.72b)
Debt / EBITDA = 0.77 (Net Debt 436.0m / EBITDA 565.9m)
Debt / FCF = 3.08 (Net Debt 436.0m / FCF TTM 141.5m)
Total Stockholder Equity = 1.60b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.57% (Net Income 406.4m / Total Assets 2.67b)
RoE = 25.43% (Net Income TTM 406.4m / Total Stockholder Equity 1.60b)
RoCE = 20.42% (EBIT 444.2m / Capital Employed (Equity 1.60b + L.T.Debt 577.8m))
RoIC = 19.06% (NOPAT 444.2m / Invested Capital 2.33b)
WACC = 6.40% (E(1.29b)/V(2.02b) * Re(9.25%) + D(725.4m)/V(2.02b) * Rd(1.32%) * (1-Tc(0.0)))
Discount Rate = 9.25% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.78%
[DCF Debug] Terminal Value 78.14% ; FCFF base≈244.3m ; Y1≈160.4m ; Y5≈73.2m
Fair Price DCF = 44.34 (EV 2.02b - Net Debt 436.0m = Equity 1.59b / Shares 35.8m; r=6.40% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -20.77 | EPS CAGR: -44.19% | SUE: -4.0 | # QB: 0
Revenue Correlation: 94.14 | Revenue CAGR: 9.91% | SUE: 2.05 | # QB: 4
EPS next Quarter (2026-03-31): EPS=2.45 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=10.01 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=-3.0% | Growth Revenue=-0.9%