(SFL) SFL - Overview
Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 1.633m USD | Total Return: 58.1% in 12m
Avg Turnover: 15.2M
EPS Trend: -79.4%
Qual. Beats: 1
Rev. Trend: 10.9%
Qual. Beats: 0
Warnings
Earnings expected to drop: P/E 51.2 → Forward 175.4
High Debt/EBITDA (5.5) with thin interest coverage (1.1)
Altman Z'' -0.32 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Supp Ema20, Confidence
SFL Corporation Ltd. is a maritime asset-owning company that specializes in the long-term chartering of vessels and offshore equipment. Its diversified fleet includes oil tankers, dry bulk carriers, container ships, car carriers, and drilling rigs. The business model relies on fixed-rate charters to generate predictable cash flow, which mitigates exposure to the volatile short-term spot market common in the shipping industry.
The company maintains a global operational footprint, with assets registered and managed across major maritime jurisdictions including Norway, Singapore, and the United Kingdom. In the capital-intensive maritime sector, asset-owning companies like SFL often utilize sale-and-leaseback structures to provide financing solutions to vessel operators. For a deeper analysis of these charter structures and fleet valuation, consider reviewing the detailed metrics on ValueRay.
Formerly known as Ship Finance International Limited, the firm rebranded in 2019 to reflect its broader scope beyond traditional vessel financing. Headquartered in Bermuda, SFL continues to manage a portfolio consisting of dozens of maritime assets deployed across multiple segments of international trade and energy production.
- Long-term charter backlog provides stable cash flow and dividend coverage security
- Diversified fleet composition mitigates sector-specific volatility in maritime freight rates
- Rising interest rates increase debt servicing costs for capital-intensive vessel acquisitions
- Global trade volume fluctuations directly impact container and dry bulk utilization rates
- Sustained offshore drilling demand drives re-chartering rates for high-specification rig assets
| Net Income: 31.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 9.98 > 1.0 |
| NWC/Revenue: -77.44% < 20% (prev -46.61%; Δ -30.83% < -1%) |
| CFO/TA 0.07 > 3% & CFO 245.6m > Net Income 31.5m |
| Net Debt (2.37b) to EBITDA (427.2m): 5.54 < 3 |
| Current Ratio: 0.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (132.8m) vs 12m ago -0.82% < -2% |
| Gross Margin: 34.30% > 18% (prev 0.32%; Δ 3.40k% > 0.5%) |
| Asset Turnover: 18.69% > 50% (prev 21.08%; Δ -2.40% > 0%) |
| Interest Coverage Ratio: 1.11 > 6 (EBITDA TTM 427.2m / Interest Expense TTM 172.7m) |
| A: -0.15 (Total Current Assets 255.3m - Total Current Liabilities 804.3m) / Total Assets 3.56b |
| B: -0.01 (Retained Earnings -26.4m / Total Assets 3.56b) |
| C: 0.05 (EBIT TTM 192.0m / Avg Total Assets 3.79b) |
| D: 0.36 (Book Value of Equity 934.4m / Total Liabilities 2.59b) |
| Altman-Z'' = -0.32 = B |
| DSRI: 0.34 (Receivables 8.60m/30.2m, Revenue 708.9m/850.2m) |
| GMI: 0.92 (GM 34.30% / 31.65%) |
| AQI: 1.21 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 0.83 (Revenue 708.9m / 850.2m) |
| TATA: -0.06 (NI 31.5m - CFO 245.6m) / TA 3.56b) |
| Beneish M = -3.69 (Cap -4..+1) = AAA |
As of May 26, 2026, the stock is trading at USD 12.28 with a total of 1,808,200 shares traded.
Over the past week, the price has changed by -1.60%,
over one month by +9.94%,
over three months by +15.58% and
over the past year by +58.07%.
SFL has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy SFL.
- StrongBuy: 2
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 11.7 | -4.5% |
P/E Trailing = 51.1667
P/E Forward = 175.4386
P/S = 2.3088
P/B = 1.6927
P/EG = -1.57
Revenue TTM = 708.9m USD
EBIT TTM = 192.0m USD
EBITDA TTM = 427.2m USD
Long Term Debt = 1.78b USD (from longTermDebt, last quarter)
Short Term Debt = 723.3m USD (from shortTermDebt, last quarter)
Debt = 2.50b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.37b USD (calculated: Debt 2.50b - CCE 133.8m)
Enterprise Value = 4.00b USD (1.63b + Debt 2.50b - CCE 133.8m)
Interest Coverage Ratio = 1.11 (Ebit TTM 192.0m / Interest Expense TTM 172.7m)
EV/FCF = 21.31x (Enterprise Value 4.00b / FCF TTM 187.8m)
FCF Yield = 4.69% (FCF TTM 187.8m / Enterprise Value 4.00b)
FCF Margin = 26.49% (FCF TTM 187.8m / Revenue TTM 708.9m)
Net Margin = 4.45% (Net Income TTM 31.5m / Revenue TTM 708.9m)
Gross Margin = 34.30% ((Revenue TTM 708.9m - Cost of Revenue TTM 465.8m) / Revenue TTM)
Gross Margin QoQ = 30.06% (prev 58.43%)
Tobins Q-Ratio = 1.13 (Enterprise Value 4.00b / Total Assets 3.56b)
Interest Expense / Debt = 6.90% (Interest Expense 172.7m / Debt 2.50b)
Taxrate = 2.36% (630k / 26.7m)
NOPAT = 187.5m (EBIT 192.0m * (1 - 2.36%))
Current Ratio = 0.32 (Total Current Assets 255.3m / Total Current Liabilities 804.3m)
Debt / Equity = 2.59 (Debt 2.50b / totalStockholderEquity, last quarter 964.8m)
Debt / EBITDA = 5.54 (Net Debt 2.37b / EBITDA 427.2m)
Debt / FCF = 12.61 (Net Debt 2.37b / FCF TTM 187.8m)
Total Stockholder Equity = 981.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.83% (Net Income 31.5m / Total Assets 3.56b)
RoE = 3.21% (Net Income TTM 31.5m / Total Stockholder Equity 981.6m)
RoCE = 6.96% (EBIT 192.0m / Capital Employed (Equity 981.6m + L.T.Debt 1.78b))
RoIC = 5.50% (NOPAT 187.5m / Invested Capital 3.41b)
WACC = 7.41% (E(1.63b)/V(4.14b) * Re(8.43%) + D(2.50b)/V(4.14b) * Rd(6.90%) * (1-Tc(0.02)))
Discount Rate = 8.43% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 58.43 | Cagr: 2.48%
[DCF] Terminal Value 75.44% ; FCFF base≈187.8m ; Y1≈188.6m ; Y5≈199.8m
[DCF] Fair Price = 5.55 (EV 3.11b - Net Debt 2.37b = Equity 738.7m / Shares 133.0m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -79.36 | EPS CAGR: -46.09% | SUE: 0.99 | # QB: 1
Revenue Correlation: 10.87 | Revenue CAGR: 1.07% | SUE: 0.55 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.09 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.04 | Chg30d=N/A | Revisions=N/A | Analysts=2
EPS current Year (2026-12-31): EPS=0.28 | Chg30d=+560.38% | Revisions=+20% | GrowthEPS=+87.9% | GrowthRev=-6.1%
EPS next Year (2027-12-31): EPS=0.48 | Chg30d=+15.69% | Revisions=+14% | GrowthEPS=+71.2% | GrowthRev=+9.1%
[Analyst] Revisions Ratio: +20%