(SFL) SFL - Overview

Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 1.460m USD | Total Return: 64% in 12m

Vessels, Rigs, Tankers, Carriers
Total Rating 51
Safety 53
Buy Signal 0.49
Marine Shipping
Industry Rotation: -11.8
Market Cap: 1.46B
Avg Turnover: 14.6M USD
ATR: 2.80%
Peers RS (IBD): 65.6
Risk 5d forecast
Volatility28.4%
Rel. Tail Risk-6.06%
Reward TTM
Sharpe Ratio1.38
Alpha39.35
Character TTM
Beta0.732
Beta Downside1.121
Drawdowns 3y
Max DD46.05%
CAGR/Max DD0.34
EPS (Earnings per Share) EPS (Earnings per Share) of SFL over the last years for every Quarter: "2021-03": 0.27, "2021-06": 0.16, "2021-09": 0.26, "2021-12": 0.33, "2022-03": 0.36, "2022-06": 0.35, "2022-09": 0.39, "2022-12": 0.43, "2023-03": 0.09, "2023-06": 0.08, "2023-09": 0.27, "2023-12": 0.2, "2024-03": 0.36, "2024-06": 0.16, "2024-09": 0.36, "2024-12": 0.13, "2025-03": -0.24, "2025-06": 0.01, "2025-09": 0.07, "2025-12": 0.04,
EPS CAGR: -44.34%
EPS Trend: -65.8%
Last SUE: 0.27
Qual. Beats: 0
Revenue Revenue of SFL over the last years for every Quarter: 2021-03: 109.128, 2021-06: 116.762, 2021-09: 135.445, 2021-12: 152.061, 2022-03: 197.817, 2022-06: 153.297, 2022-09: 165.349, 2022-12: 194.226, 2023-03: 171.145, 2023-06: 162.495, 2023-09: 203.219, 2023-12: 209.573, 2024-03: 226.766, 2024-06: 187.193, 2024-09: 252.711, 2024-12: 224.952, 2025-03: 185.295, 2025-06: 188.527, 2025-09: 175.239, 2025-12: 170.689,
Rev. CAGR: -3.86%
Rev. Trend: 23.4%
Last SUE: -1.21
Qual. Beats: 0

Warnings

High Debt/EBITDA (5.9) with thin interest coverage (0.9)

Interest Coverage Ratio 0.9 is critical

Altman Z'' -0.19 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: SFL SFL

SFL Corporation Ltd. (SFL) is a maritime and offshore asset owner. The company charters out vessels and offshore assets under medium and long-term contracts. This business model provides stable revenue streams, as charter rates are agreed upon for extended periods, insulating against short-term market fluctuations.

SFLs portfolio spans diverse shipping sectors, including oil and dry bulk transportation, container and car carriers, and drilling rigs. Diversification across these segments helps mitigate risks associated with downturns in any single market. As of December 31, 2024, SFL owned 71 vessels and two drilling rigs.

The company operates globally, with a presence in key maritime jurisdictions. Understanding the specific charter agreements and asset utilization rates is crucial for assessing SFLs future performance; ValueRay offers detailed analytics to support this research.

Headlines to Watch Out For
  • Tanker and dry bulk rates impact charter revenue
  • Container shipping demand drives vessel utilization
  • Offshore drilling market recovery boosts rig income
  • Interest rate changes affect financing costs
  • Global trade volumes influence shipping demand
Piotroski VR‑10 (Strict) 4.5
Net Income: -26.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 12.73 > 1.0
NWC/Revenue: -62.68% < 20% (prev -57.41%; Δ -5.27% < -1%)
CFO/TA 0.08 > 3% & CFO 290.1m > Net Income -26.4m
Net Debt (2.42b) to EBITDA (406.7m): 5.94 < 3
Current Ratio: 0.36 > 1.5 & < 3
Outstanding Shares: last quarter (132.8m) vs 12m ago -0.86% < -2%
Gross Margin: 33.24% > 18% (prev 0.35%; Δ 3.29k% > 0.5%)
Asset Turnover: 18.58% > 50% (prev 21.71%; Δ -3.12% > 0%)
Interest Coverage Ratio: 0.90 > 6 (EBITDA TTM 406.7m / Interest Expense TTM 180.8m)
Altman Z'' -0.19
A: -0.12 (Total Current Assets 259.2m - Total Current Liabilities 710.3m) / Total Assets 3.64b
B: -0.01 (Retained Earnings -26.4m / Total Assets 3.64b)
C: 0.04 (EBIT TTM 163.3m / Avg Total Assets 3.87b)
D: 0.35 (Book Value of Equity 934.4m / Total Liabilities 2.68b)
Altman-Z'' Score: -0.19 = B
Beneish M -4.00
DSRI: 0.06 (Receivables 6.94m/149.6m, Revenue 719.8m/891.6m)
GMI: 1.04 (GM 33.24% / 34.67%)
AQI: 0.35 (AQ_t 0.02 / AQ_t-1 0.06)
SGI: 0.81 (Revenue 719.8m / 891.6m)
TATA: -0.09 (NI -26.4m - CFO 290.1m) / TA 3.64b)
Beneish M-Score: -4.37 (Cap -4..+1) = AAA
What is the price of SFL shares? As of April 11, 2026, the stock is trading at USD 10.84 with a total of 867,850 shares traded.
Over the past week, the price has changed by -1.19%, over one month by +1.84%, over three months by +32.64% and over the past year by +64.00%.
Is SFL a buy, sell or hold? 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
What are the forecasts/targets for the SFL price?
Analysts Target Price 10.6 -2.7%
SFL (SFL) - Fundamental Data Overview as of 09 April 2026
P/E Forward = 156.25
P/S = 2.028
P/B = 1.5164
P/EG = -1.57
Revenue TTM = 719.8m USD
EBIT TTM = 163.3m USD
EBITDA TTM = 406.7m USD
Long Term Debt = 1.96b USD (from longTermDebt, last quarter)
Short Term Debt = 605.9m USD (from shortTermDebt, last quarter)
Debt = 2.57b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.42b USD (from netDebt column, last quarter)
Enterprise Value = 3.88b USD (1.46b + Debt 2.57b - CCE 150.8m)
Interest Coverage Ratio = 0.90 (Ebit TTM 163.3m / Interest Expense TTM 180.8m)
EV/FCF = 17.64x (Enterprise Value 3.88b / FCF TTM 219.7m)
FCF Yield = 5.67% (FCF TTM 219.7m / Enterprise Value 3.88b)
FCF Margin = 30.52% (FCF TTM 219.7m / Revenue TTM 719.8m)
Net Margin = -3.67% (Net Income TTM -26.4m / Revenue TTM 719.8m)
Gross Margin = 33.24% ((Revenue TTM 719.8m - Cost of Revenue TTM 480.5m) / Revenue TTM)
Gross Margin QoQ = 58.43% (prev 28.19%)
Tobins Q-Ratio = 1.07 (Enterprise Value 3.88b / Total Assets 3.64b)
Interest Expense / Debt = 1.67% (Interest Expense 42.9m / Debt 2.57b)
Taxrate = 21.0% (US default 21%)
NOPAT = 129.0m (EBIT 163.3m * (1 - 21.00%))
Current Ratio = 0.36 (Total Current Assets 259.2m / Total Current Liabilities 710.3m)
Debt / Equity = 2.67 (Debt 2.57b / totalStockholderEquity, last quarter 960.9m)
Debt / EBITDA = 5.94 (Net Debt 2.42b / EBITDA 406.7m)
Debt / FCF = 11.00 (Net Debt 2.42b / FCF TTM 219.7m)
Total Stockholder Equity = 1.00b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.68% (Net Income -26.4m / Total Assets 3.64b)
RoE = -2.63% (Net Income TTM -26.4m / Total Stockholder Equity 1.00b)
RoCE = 5.51% (EBIT 163.3m / Capital Employed (Equity 1.00b + L.T.Debt 1.96b))
RoIC = 4.68% (NOPAT 129.0m / Invested Capital 2.76b)
WACC = 3.95% (E(1.46b)/V(4.03b) * Re(8.56%) + D(2.57b)/V(4.03b) * Rd(1.67%) * (1-Tc(0.21)))
Discount Rate = 8.56% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.78%
[DCF] Terminal Value 80.82% ; FCFF base≈219.7m ; Y1≈144.2m ; Y5≈66.0m
 [DCF] Fair Price = N/A (negative equity: EV 2.09b - Net Debt 2.42b = -322.2m; debt exceeds intrinsic value)
 EPS Correlation: -65.82 | EPS CAGR: -44.34% | SUE: 0.27 | # QB: 0
Revenue Correlation: 23.39 | Revenue CAGR: -3.86% | SUE: -1.21 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.01 | Chg7d=-0.001 | Chg30d=-0.034 | Revisions Net=-1 | Analysts=4
EPS current Year (2026-12-31): EPS=0.04 | Chg7d=-0.048 | Chg30d=-0.099 | Revisions Net=+0 | Growth EPS=-71.6% | Growth Revenue=-9.2%
EPS next Year (2027-12-31): EPS=0.41 | Chg7d=-0.001 | Chg30d=-0.014 | Revisions Net=-1 | Growth EPS=+877.6% | Growth Revenue=+11.4%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
External Resources
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