GLOBAL SHIP LEASE INC-CL A (GSL) Stock Fundamental Analysis
USA - NYSE:GSL - MHY271836006 - Common Stock
28.33 USD
-0.07 (-0.25%)
28.33 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to GSL. GSL was compared to 35 industry peers in the Marine Transportation industry. GSL scores excellent on profitability, but there are some minor concerns on its financial health. GSL scores decently on growth, while it is valued quite cheap. This could make an interesting combination. GSL also has an excellent dividend rating. These ratings could make GSL a good candidate for value and dividend investing.
1. Profitability
1.1 Basic Checks
In the past year GSL was profitable.
In the past year GSL had a positive cash flow from operations.
In the past 5 years GSL has always been profitable.
GSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
GSL's Return On Assets of 14.49% is amongst the best of the industry. GSL outperforms 85.71% of its industry peers.
Looking at the Return On Equity, with a value of 23.31%, GSL belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.05%, GSL belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GSL is below the industry average of 18.85%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.49% | ||
| ROE | 23.31% | ||
| ROIC | 13.05% |
ROA(3y)13.85%
ROA(5y)10.53%
ROE(3y)25.91%
ROE(5y)21.75%
ROIC(3y)14.87%
ROIC(5y)12.54%
1.3 Margins
GSL has a better Profit Margin (51.80%) than 91.43% of its industry peers.
GSL's Profit Margin has improved in the last couple of years.
GSL has a better Operating Margin (52.77%) than 94.29% of its industry peers.
GSL's Operating Margin has improved in the last couple of years.
The Gross Margin of GSL (70.07%) is better than 82.86% of its industry peers.
In the last couple of years the Gross Margin of GSL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.77% | ||
| PM (TTM) | 51.8% | ||
| GM | 70.07% |
OM growth 3Y1.31%
OM growth 5Y4.52%
PM growth 3Y9.93%
PM growth 5Y48.32%
GM growth 3Y0.88%
GM growth 5Y2.09%
2. Health
2.1 Basic Checks
GSL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
GSL has more shares outstanding than it did 1 year ago.
The number of shares outstanding for GSL has been increased compared to 5 years ago.
The debt/assets ratio for GSL has been reduced compared to a year ago.
2.2 Solvency
GSL has an Altman-Z score of 2.01. This is not the best score and indicates that GSL is in the grey zone with still only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.01, GSL is doing good in the industry, outperforming 68.57% of the companies in the same industry.
The Debt to FCF ratio of GSL is 4.73, which is a neutral value as it means it would take GSL, 4.73 years of fcf income to pay off all of its debts.
GSL's Debt to FCF ratio of 4.73 is fine compared to the rest of the industry. GSL outperforms 62.86% of its industry peers.
GSL has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of GSL (0.37) is better than 65.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.73 | ||
| Altman-Z | 2.01 |
ROIC/WACC1.32
WACC9.87%
2.3 Liquidity
A Current Ratio of 2.01 indicates that GSL has no problem at all paying its short term obligations.
GSL has a better Current ratio (2.01) than 71.43% of its industry peers.
GSL has a Quick Ratio of 1.94. This is a normal value and indicates that GSL is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of GSL (1.94) is better than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.94 |
3. Growth
3.1 Past
GSL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.20%.
The Earnings Per Share has been growing by 45.56% on average over the past years. This is a very strong growth
Looking at the last year, GSL shows a small growth in Revenue. The Revenue has grown by 4.43% in the last year.
The Revenue has been growing by 22.19% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)5.2%
EPS 3Y29.78%
EPS 5Y45.56%
EPS Q2Q%8.54%
Revenue 1Y (TTM)4.43%
Revenue growth 3Y16.65%
Revenue growth 5Y22.19%
Sales Q2Q%9.64%
3.2 Future
GSL is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.39% yearly.
The Revenue is expected to decrease by -5.05% on average over the next years.
EPS Next Y-0.62%
EPS Next 2Y-2.38%
EPS Next 3Y-8.39%
EPS Next 5YN/A
Revenue Next Year4.82%
Revenue Next 2Y0.69%
Revenue Next 3Y-5.05%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 2.75, which indicates a rather cheap valuation of GSL.
Compared to the rest of the industry, the Price/Earnings ratio of GSL indicates a rather cheap valuation: GSL is cheaper than 88.57% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.29. GSL is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 2.98, the valuation of GSL can be described as very cheap.
Based on the Price/Forward Earnings ratio, GSL is valued cheaply inside the industry as 94.29% of the companies are valued more expensively.
GSL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.75 | ||
| Fwd PE | 2.98 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GSL indicates a somewhat cheap valuation: GSL is cheaper than 80.00% of the companies listed in the same industry.
GSL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. GSL is cheaper than 74.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.29 | ||
| EV/EBITDA | 2.65 |
4.3 Compensation for Growth
The excellent profitability rating of GSL may justify a higher PE ratio.
A cheap valuation may be justified as GSL's earnings are expected to decrease with -8.39% in the coming years.
PEG (NY)N/A
PEG (5Y)0.06
EPS Next 2Y-2.38%
EPS Next 3Y-8.39%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.41%, GSL is a good candidate for dividend investing.
GSL's Dividend Yield is rather good when compared to the industry average which is at 7.01. GSL pays more dividend than 88.57% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, GSL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.41% |
5.2 History
The dividend of GSL is nicely growing with an annual growth rate of 53.55%!
GSL has been paying a dividend for over 5 years, so it has already some track record.
GSL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)53.55%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
19.92% of the earnings are spent on dividend by GSL. This is a low number and sustainable payout ratio.
DP19.92%
EPS Next 2Y-2.38%
EPS Next 3Y-8.39%
28.33
-0.07 (-0.25%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners49.96%
Inst Owner Change0.02%
Ins Owners1.89%
Ins Owner ChangeN/A
Market Cap1.01B
Analysts77.5
Price Target36.38 (28.42%)
Short Float %2.46%
Short Ratio2.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.41% |
Yearly Dividend1.92
Dividend Growth(5Y)53.55%
DP19.92%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.94%
Min EPS beat(2)13.44%
Max EPS beat(2)14.44%
EPS beat(4)4
Avg EPS beat(4)9.32%
Min EPS beat(4)0.5%
Max EPS beat(4)14.44%
EPS beat(8)8
Avg EPS beat(8)8.31%
EPS beat(12)11
Avg EPS beat(12)10.2%
EPS beat(16)14
Avg EPS beat(16)15.43%
Revenue beat(2)2
Avg Revenue beat(2)6.68%
Min Revenue beat(2)5.54%
Max Revenue beat(2)7.81%
Revenue beat(4)3
Avg Revenue beat(4)4.08%
Min Revenue beat(4)-1.13%
Max Revenue beat(4)7.81%
Revenue beat(8)7
Avg Revenue beat(8)3.93%
Revenue beat(12)11
Avg Revenue beat(12)5.41%
Revenue beat(16)15
Avg Revenue beat(16)7.87%
PT rev (1m)0%
PT rev (3m)10.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.53%
EPS NY rev (1m)0%
EPS NY rev (3m)6.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.75 | ||
| Fwd PE | 2.98 | ||
| P/S | 1.37 | ||
| P/FCF | 6.29 | ||
| P/OCF | 2.27 | ||
| P/B | 0.62 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 2.65 |
EPS(TTM)10.32
EY36.43%
EPS(NY)9.52
Fwd EY33.6%
FCF(TTM)4.5
FCFY15.9%
OCF(TTM)12.47
OCFY44.02%
SpS20.67
BVpS45.93
TBVpS45.93
PEG (NY)N/A
PEG (5Y)0.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.49% | ||
| ROE | 23.31% | ||
| ROCE | 16.52% | ||
| ROIC | 13.05% | ||
| ROICexc | 15.96% | ||
| ROICexgc | 15.96% | ||
| OM | 52.77% | ||
| PM (TTM) | 51.8% | ||
| GM | 70.07% | ||
| FCFM | 21.79% |
ROA(3y)13.85%
ROA(5y)10.53%
ROE(3y)25.91%
ROE(5y)21.75%
ROIC(3y)14.87%
ROIC(5y)12.54%
ROICexc(3y)16.11%
ROICexc(5y)13.49%
ROICexgc(3y)16.11%
ROICexgc(5y)13.49%
ROCE(3y)18.83%
ROCE(5y)15.88%
ROICexcg growth 3Y12.48%
ROICexcg growth 5Y13.63%
ROICexc growth 3Y12.48%
ROICexc growth 5Y13.66%
OM growth 3Y1.31%
OM growth 5Y4.52%
PM growth 3Y9.93%
PM growth 5Y48.32%
GM growth 3Y0.88%
GM growth 5Y2.09%
F-Score5
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.73 | ||
| Debt/EBITDA | 1.22 | ||
| Cap/Depr | 256.04% | ||
| Cap/Sales | 38.55% | ||
| Interest Coverage | 8.15 | ||
| Cash Conversion | 88.97% | ||
| Profit Quality | 42.07% | ||
| Current Ratio | 2.01 | ||
| Quick Ratio | 1.94 | ||
| Altman-Z | 2.01 |
F-Score5
WACC9.87%
ROIC/WACC1.32
Cap/Depr(3y)126.97%
Cap/Depr(5y)239.79%
Cap/Sales(3y)17.58%
Cap/Sales(5y)33.37%
Profit Quality(3y)87.49%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.2%
EPS 3Y29.78%
EPS 5Y45.56%
EPS Q2Q%8.54%
EPS Next Y-0.62%
EPS Next 2Y-2.38%
EPS Next 3Y-8.39%
EPS Next 5YN/A
Revenue 1Y (TTM)4.43%
Revenue growth 3Y16.65%
Revenue growth 5Y22.19%
Sales Q2Q%9.64%
Revenue Next Year4.82%
Revenue Next 2Y0.69%
Revenue Next 3Y-5.05%
Revenue Next 5YN/A
EBIT growth 1Y1.92%
EBIT growth 3Y18.18%
EBIT growth 5Y27.71%
EBIT Next Year35.74%
EBIT Next 3Y1.32%
EBIT Next 5YN/A
FCF growth 1Y-42.27%
FCF growth 3YN/A
FCF growth 5Y81.01%
OCF growth 1Y8.99%
OCF growth 3Y17.2%
OCF growth 5Y35.72%