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GLOBAL SHIP LEASE INC-CL A (GSL) Stock Fundamental Analysis

NYSE:GSL - New York Stock Exchange, Inc. - MHY271836006 - Common Stock

21.28  -0.06 (-0.28%)

Fundamental Rating

8

Overall GSL gets a fundamental rating of 8 out of 10. We evaluated GSL against 29 industry peers in the Marine Transportation industry. GSL gets an excellent profitability rating and is at the same time showing great financial health properties. GSL scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally GSL also has an excellent dividend rating. This makes GSL very considerable for value and dividend investing!


Dividend Valuation Growth Profitability Health

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9

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.
GSL had a positive operating cash flow in each of the past 5 years.
GSL Yearly Net Income VS EBIT VS OCF VS FCFGSL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M 300M

1.2 Ratios

The Return On Assets of GSL (14.23%) is better than 85.71% of its industry peers.
The Return On Equity of GSL (22.96%) is better than 89.29% of its industry peers.
Looking at the Return On Invested Capital, with a value of 15.18%, GSL belongs to the top of the industry, outperforming 89.29% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for GSL is significantly above the industry average of 8.54%.
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 RankSector 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%
GSL Yearly ROA, ROE, ROICGSL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20

1.3 Margins

GSL's Profit Margin of 45.03% is fine compared to the rest of the industry. GSL outperforms 78.57% 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 96.43% of the companies in the same industry.
In the last couple of years the Operating Margin of GSL has grown nicely.
Looking at the Gross Margin, with a value of 70.17%, GSL is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
GSL's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
GSL Yearly Profit, Operating, Gross MarginsGSL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 60

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8

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), GSL is creating value.
Compared to 1 year ago, GSL has less shares outstanding
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.
GSL Yearly Shares OutstandingGSL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
GSL Yearly Total Debt VS Total AssetsGSL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.2 Solvency

GSL has an Altman-Z score of 1.94. 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.
The Altman-Z score of GSL (1.94) is better than 64.29% of its industry peers.
The Debt to FCF ratio of GSL is 1.79, which is an excellent value as it means it would take GSL, only 1.79 years of fcf income to pay off all of its debts.
GSL has a better Debt to FCF ratio (1.79) than 82.14% of its industry peers.
A Debt/Equity ratio of 0.38 indicates that GSL is not too dependend on debt financing.
The Debt to Equity ratio of GSL (0.38) is better than 60.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 1.79
Altman-Z 1.94
ROIC/WACC1.87
WACC8.11%
GSL Yearly LT Debt VS Equity VS FCFGSL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200M -200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 1.64 indicates that GSL should not have too much problems paying its short term obligations.
GSL has a Current ratio (1.64) which is in line with its industry peers.
A Quick Ratio of 1.58 indicates that GSL should not have too much problems paying its short term obligations.
GSL has a Quick ratio of 1.58. This is comparable to the rest of the industry: GSL outperforms 53.57% of its industry peers.
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 RankSector Rank
Current Ratio 1.64
Quick Ratio 1.58
GSL Yearly Current Assets VS Current LiabilitesGSL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

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4

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.
The Earnings Per Share has been growing by 71.19% 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 7.05% in the last year.
The Revenue has been growing by 33.84% on average over the past years. This is a very strong growth!
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.
GSL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.16% yearly.
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

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.
GSL Yearly Revenue VS EstimatesGSL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
GSL Yearly EPS VS EstimatesGSL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2 4 6 8

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9

4. Valuation

4.1 Price/Earnings Ratio

GSL is valuated cheaply with a Price/Earnings ratio of 2.14.
Based on the Price/Earnings ratio, GSL is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
GSL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.29.
GSL is valuated cheaply with a Price/Forward Earnings ratio of 2.27.
96.43% of the companies in the same industry are more expensive than GSL, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of GSL to the average of the S&P500 Index (24.44), we can say GSL is valued rather cheaply.
Industry RankSector Rank
PE 2.14
Fwd PE 2.27
GSL Price Earnings VS Forward Price EarningsGSL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 78.57% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of GSL indicates a rather cheap valuation: GSL is cheaper than 89.29% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 1.98
EV/EBITDA 2.35
GSL Per share dataGSL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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 -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%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 8.34%, GSL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 9.88, GSL pays a bit more dividend than its industry peers.
GSL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
Industry RankSector Rank
Dividend Yield 8.34%

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
GSL Yearly Dividends per shareGSL Yearly Dividends per shareYearly Dividends per share 2015 2021 2022 2023 2024 2 4 6 8 10

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%
GSL Yearly Income VS Free CF VS DividendGSL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M 300M
GSL Dividend Payout.GSL Dividend Payout, showing the Payout Ratio.GSL Dividend Payout.PayoutRetained Earnings

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GLOBAL SHIP LEASE INC-CL A

NYSE:GSL (1/22/2025, 10:31:08 AM)

21.28

-0.06 (-0.28%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)11-11 2024-11-11/bmo
Earnings (Next)N/A N/A
Inst Owners61.29%
Inst Owner Change-0.19%
Ins Owners1.14%
Ins Owner ChangeN/A
Market Cap754.16M
Analysts77.5
Price Target31.62 (48.59%)
Short Float %2.8%
Short Ratio2.42
Dividend
Industry RankSector Rank
Dividend Yield 8.34%
Yearly Dividend1.76
Dividend Growth(5Y)36.74%
DP20.47%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
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)0%
PT rev (3m)-2.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.31%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.77%
Valuation
Industry RankSector Rank
PE 2.14
Fwd PE 2.27
P/S 1.07
P/FCF 1.98
P/OCF 1.9
P/B 0.54
P/tB 0.54
EV/EBITDA 2.35
EPS(TTM)9.93
EY46.66%
EPS(NY)9.36
Fwd EY43.96%
FCF(TTM)10.72
FCFY50.39%
OCF(TTM)11.18
OCFY52.56%
SpS19.96
BVpS39.15
TBVpS39.15
PEG (NY)0.23
PEG (5Y)N/A
Profitability
Industry RankSector 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 RankSector 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 1.94
F-Score8
WACC8.11%
ROIC/WACC1.87
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 3Y1.9%
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%