GLOBAL SHIP LEASE INC-CL A (GSL)
MHY271836006 - Common Stock
We assign a fundamental rating of 7 out of 10 to GSL. GSL was compared to 27 industry peers in the Marine Transportation industry. GSL has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. GSL may be a bit undervalued, certainly considering the very reasonable score on growth Finally GSL also has an excellent dividend rating. With these ratings, GSL could be worth investigating further for value and dividend investing!.
1. Profitability
1.1 Basic Checks
GSL had positive earnings in the past year.
GSL had a positive operating cash flow in the past year.
GSL had positive earnings in each of the past 5 years.
In the past 5 years GSL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 14.23%, GSL belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
The Return On Equity of GSL (22.96%) is better than 88.46% of its industry peers.
With an excellent Return On Invested Capital value of 15.18%, GSL belongs to the best of the industry, outperforming 88.46% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for GSL is above the industry average of 8.73%.
The 3 year average ROIC (13.60%) for GSL is below the current ROIC(15.18%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.23% | ||
| ROE | 22.96% | ||
| ROIC | 15.18% |
ROA(3y)11.74%
ROA(5y)7.89%
ROE(3y)25.71%
ROE(5y)17.91%
ROIC(3y)13.6%
ROIC(5y)11.15%
1.3 Margins
GSL has a better Profit Margin (45.03%) than 76.92% of its industry peers.
GSL's Profit Margin has improved in the last couple of years.
GSL has a Operating Margin of 53.82%. This is amongst the best in the industry. GSL outperforms 96.15% of its industry peers.
In the last couple of years the Operating Margin of GSL has grown nicely.
With an excellent Gross Margin value of 70.17%, GSL belongs to the best of the industry, outperforming 80.77% of the companies in the same industry.
In the last couple of years the Gross Margin of GSL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 53.82% | ||
| PM (TTM) | 45.03% | ||
| GM | 70.17% |
OM growth 3Y10.16%
OM growth 5Y6.51%
PM growth 3Y48.7%
PM growth 5YN/A
GM growth 3Y5.43%
GM growth 5Y0.67%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), GSL is creating value.
The number of shares outstanding for GSL has been reduced compared to 1 year ago.
GSL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, GSL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.93 indicates that GSL is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 1.93, GSL is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
GSL has a debt to FCF ratio of 1.79. This is a very positive value and a sign of high solvency as it would only need 1.79 years to pay back of all of its debts.
GSL has a better Debt to FCF ratio (1.79) than 80.77% of its industry peers.
GSL has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
GSL's Debt to Equity ratio of 0.38 is in line compared to the rest of the industry. GSL outperforms 57.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.79 | ||
| Altman-Z | 1.93 |
ROIC/WACC1.92
WACC7.91%
2.3 Liquidity
GSL has a Current Ratio of 1.64. This is a normal value and indicates that GSL is financially healthy and should not expect problems in meeting its short term obligations.
GSL has a Current ratio (1.64) which is comparable to the rest of the industry.
GSL has a Quick Ratio of 1.58. This is a normal value and indicates that GSL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.58, GSL is in line with its industry, outperforming 53.85% of the companies in the same industry.
GSL does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.58 |
3. Growth
3.1 Past
GSL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.40%, which is quite good.
Measured over the past years, GSL shows a very strong growth in Earnings Per Share. The EPS has been growing by 71.19% on average per year.
The Revenue has been growing slightly by 7.05% in the past year.
Measured over the past years, GSL shows a very strong growth in Revenue. The Revenue has been growing by 33.84% on average per year.
EPS 1Y (TTM)14.4%
EPS 3Y71.19%
EPS 5YN/A
EPS Q2Q%5.15%
Revenue 1Y (TTM)7.05%
Revenue growth 3Y33.63%
Revenue growth 5Y33.84%
Sales Q2Q%-0.27%
3.2 Future
The Earnings Per Share is expected to decrease by -8.97% on average over the next years.
The Revenue is expected to decrease by -4.16% on average over the next years.
EPS Next Y9.31%
EPS Next 2Y1.78%
EPS Next 3Y-8.97%
EPS Next 5YN/A
Revenue Next Year7.04%
Revenue Next 2Y1.88%
Revenue Next 3Y-4.16%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 2.14, which indicates a rather cheap valuation of GSL.
Based on the Price/Earnings ratio, GSL is valued a bit cheaper than 76.92% of the companies in the same industry.
GSL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.73.
Based on the Price/Forward Earnings ratio of 2.27, the valuation of GSL can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GSL indicates a rather cheap valuation: GSL is cheaper than 100.00% of the companies listed in the same industry.
GSL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.14 | ||
| Fwd PE | 2.27 |
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 73.08% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, GSL is valued cheaply inside the industry as 88.46% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.98 | ||
| EV/EBITDA | 2.34 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of GSL may justify a higher PE ratio.
GSL's earnings are expected to decrease with -8.97% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y1.78%
EPS Next 3Y-8.97%
5. Dividend
5.1 Amount
GSL has a Yearly Dividend Yield of 8.49%, which is a nice return.
GSL's Dividend Yield is a higher than the industry average which is at 10.27.
Compared to an average S&P500 Dividend Yield of 2.34, GSL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.49% |
5.2 History
The dividend of GSL is nicely growing with an annual growth rate of 36.74%!
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)36.74%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
GSL pays out 20.47% of its income as dividend. This is a sustainable payout ratio.
DP20.47%
EPS Next 2Y1.78%
EPS Next 3Y-8.97%
GLOBAL SHIP LEASE INC-CL A
NYSE:GSL (12/20/2024, 8:15:44 PM)
After market: 21.32 +0.07 (+0.33%)21.25
+0.04 (+0.19%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners61.29%
Inst Owner Change-2.95%
Ins Owners1.14%
Ins Owner ChangeN/A
Market Cap753.10M
Analysts77.5
Price Target31.62 (48.8%)
Short Float %3.15%
Short Ratio2.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.49% |
Dividend Growth(5Y)36.74%
DP20.47%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.41%
Min EPS beat(2)0.5%
Max EPS beat(2)6.33%
EPS beat(4)4
Avg EPS beat(4)5.57%
Min EPS beat(4)0.5%
Max EPS beat(4)10.56%
EPS beat(8)7
Avg EPS beat(8)7.31%
EPS beat(12)10
Avg EPS beat(12)10.73%
EPS beat(16)12
Avg EPS beat(16)11.24%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-1.13%
Max Revenue beat(2)0.9%
Revenue beat(4)3
Avg Revenue beat(4)2.13%
Min Revenue beat(4)-1.13%
Max Revenue beat(4)5.79%
Revenue beat(8)7
Avg Revenue beat(8)4.11%
Revenue beat(12)11
Avg Revenue beat(12)6.39%
Revenue beat(16)15
Avg Revenue beat(16)7.35%
PT rev (1m)-2.11%
PT rev (3m)-2.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.31%
EPS NY rev (1m)-2.91%
EPS NY rev (3m)-1.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-0.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.14 | ||
| Fwd PE | 2.27 | ||
| P/S | 1.06 | ||
| P/FCF | 1.98 | ||
| P/OCF | 1.9 | ||
| P/B | 0.54 | ||
| P/tB | 0.54 | ||
| EV/EBITDA | 2.34 |
EPS(TTM)9.93
EY46.73%
EPS(NY)9.36
Fwd EY44.02%
FCF(TTM)10.72
FCFY50.46%
OCF(TTM)11.18
OCFY52.63%
SpS19.96
BVpS39.15
TBVpS39.15
PEG (NY)0.23
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.23% | ||
| ROE | 22.96% | ||
| ROCE | 19.21% | ||
| ROIC | 15.18% | ||
| ROICexc | 17.74% | ||
| ROICexgc | 17.74% | ||
| OM | 53.82% | ||
| PM (TTM) | 45.03% | ||
| GM | 70.17% | ||
| FCFM | 53.71% |
ROA(3y)11.74%
ROA(5y)7.89%
ROE(3y)25.71%
ROE(5y)17.91%
ROIC(3y)13.6%
ROIC(5y)11.15%
ROICexc(3y)14.58%
ROICexc(5y)12.03%
ROICexgc(3y)14.58%
ROICexgc(5y)12.03%
ROCE(3y)17.21%
ROCE(5y)14.11%
ROICexcg growth 3Y25.65%
ROICexcg growth 5Y28.89%
ROICexc growth 3Y25.65%
ROICexc growth 5Y29.02%
OM growth 3Y10.16%
OM growth 5Y6.51%
PM growth 3Y48.7%
PM growth 5YN/A
GM growth 3Y5.43%
GM growth 5Y0.67%
F-Score8
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 1.79 | ||
| Debt/EBITDA | 1.1 | ||
| Cap/Depr | 16.67% | ||
| Cap/Sales | 2.31% | ||
| Interest Coverage | 6.32 | ||
| Cash Conversion | 82.76% | ||
| Profit Quality | 119.29% | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.58 | ||
| Altman-Z | 1.93 |
F-Score8
WACC7.91%
ROIC/WACC1.92
Cap/Depr(3y)307.64%
Cap/Depr(5y)233.7%
Cap/Sales(3y)42.19%
Cap/Sales(5y)33.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)14.4%
EPS 3Y71.19%
EPS 5YN/A
EPS Q2Q%5.15%
EPS Next Y9.31%
EPS Next 2Y1.78%
EPS Next 3Y-8.97%
EPS Next 5YN/A
Revenue 1Y (TTM)7.05%
Revenue growth 3Y33.63%
Revenue growth 5Y33.84%
Sales Q2Q%-0.27%
Revenue Next Year7.04%
Revenue Next 2Y1.88%
Revenue Next 3Y-4.16%
Revenue Next 5YN/A
EBIT growth 1Y8.05%
EBIT growth 3Y47.21%
EBIT growth 5Y42.55%
EBIT Next Year28.01%
EBIT Next 3Y-2.21%
EBIT Next 5YN/A
FCF growth 1Y-0.05%
FCF growth 3Y44.27%
FCF growth 5Y45.17%
OCF growth 1Y-6.18%
OCF growth 3Y53.15%
OCF growth 5Y51.04%