GLOBAL SHIP LEASE INC-CL A (GSL)
MHY271836006 - Common Stock
Overall GSL gets a fundamental rating of 7 out of 10. We evaluated GSL against 27 industry peers in the Marine Transportation industry. Both the health and profitability get an excellent rating, making GSL a very profitable company, without any liquidiy or solvency issues. A decent growth rate in combination with a cheap valuation! Better keep an eye on GSL. This makes GSL very considerable for value investing!
1. Profitability
1.1 Basic Checks
GSL had positive earnings in the past year.
In the past year GSL had a positive cash flow from operations.
GSL had positive earnings in each of the past 5 years.
GSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of GSL (14.23%) is better than 84.62% of its industry peers.
GSL has a Return On Equity of 22.96%. This is amongst the best in the industry. GSL outperforms 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 92.31% of the companies in the same industry.
GSL had an Average Return On Invested Capital over the past 3 years of 13.60%. This is significantly above the industry average of 7.77%.
The last Return On Invested Capital (15.18%) for GSL is above the 3 year average (13.60%), which is a sign of increasing profitability.
| 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.
Looking at the Operating Margin, with a value of 53.82%, GSL belongs to the top of the industry, outperforming 96.15% of the companies in the same industry.
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 84.62% of the companies in the same industry.
GSL's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so GSL is creating value.
GSL has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, GSL has more shares outstanding
Compared to 1 year ago, GSL has an improved debt to assets ratio.
2.2 Solvency
GSL has an Altman-Z score of 1.98. 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.
Looking at the Altman-Z score, with a value of 1.98, GSL is in the better half of the industry, outperforming 73.08% 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 Debt to FCF ratio of 1.79. This is amongst the best in the industry. GSL outperforms 84.62% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that GSL is not too dependend on debt financing.
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 | 1.98 |
ROIC/WACC1.98
WACC7.67%
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's Current ratio of 1.64 is in line compared to the rest of the industry. GSL outperforms 53.85% of its industry peers.
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.
The Quick ratio of GSL (1.58) is comparable to the rest of the 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
The Earnings Per Share has grown by an nice 14.40% over the past year.
GSL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 71.19% yearly.
Looking at the last year, GSL shows a small growth in Revenue. The Revenue has grown by 7.05% in the last 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
GSL is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -11.48% yearly.
Based on estimates for the next years, GSL will show a decrease in Revenue. The Revenue will decrease by -5.97% on average per year.
EPS Next Y12.59%
EPS Next 2Y2.59%
EPS Next 3Y-11.48%
EPS Next 5YN/A
Revenue Next Year7.64%
Revenue Next 2Y1.58%
Revenue Next 3Y-5.97%
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
GSL is valuated cheaply with a Price/Earnings ratio of 2.30.
76.92% of the companies in the same industry are more expensive than GSL, based on the Price/Earnings ratio.
GSL is valuated cheaply when we compare the Price/Earnings ratio to 28.96, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 2.40, the valuation of GSL can be described as very cheap.
GSL's Price/Forward Earnings ratio is rather cheap when compared to the industry. GSL is cheaper than 92.31% of the companies 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 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.3 | ||
| Fwd PE | 2.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, GSL is valued cheaper than 84.62% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, GSL is valued cheaper than 88.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.12 | ||
| EV/EBITDA | 2.48 |
4.3 Compensation for Growth
GSL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GSL has an outstanding profitability rating, which may justify a higher PE ratio.
GSL's earnings are expected to decrease with -11.48% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y2.59%
EPS Next 3Y-11.48%
5. Dividend
5.1 Amount
GSL has a Yearly Dividend Yield of 7.63%, which is a nice return.
GSL's Dividend Yield is a higher than the industry average which is at 7.49.
Compared to an average S&P500 Dividend Yield of 2.23, GSL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.63% |
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 decreased its dividend in the last 3 years.
Dividend Growth(5Y)36.74%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
20.47% of the earnings are spent on dividend by GSL. This is a low number and sustainable payout ratio.
DP20.47%
EPS Next 2Y2.59%
EPS Next 3Y-11.48%
GLOBAL SHIP LEASE INC-CL A
NYSE:GSL (11/21/2024, 8:04:00 PM)
After market: 23.14 +0.29 (+1.27%)22.85
-0.48 (-2.06%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap805.69M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.63% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.3 | ||
| Fwd PE | 2.4 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.18
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.23% | ||
| ROE | 22.96% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 53.82% | ||
| PM (TTM) | 45.03% | ||
| GM | 70.17% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.58 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)14.4%
EPS 3Y71.19%
EPS 5Y
EPS Q2Q%
EPS Next Y12.59%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.05%
Revenue growth 3Y33.63%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y