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

USA - NYSE:GSL - MHY271836006 - Common Stock

30.66 USD
-0.04 (-0.13%)
Last: 10/1/2025, 8:55:02 PM
30.5 USD
-0.16 (-0.52%)
After Hours: 10/1/2025, 8:55:02 PM
Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to GSL. GSL was compared to 35 industry peers in the Marine Transportation industry. GSL has an excellent profitability rating, but there are some minor concerns on its financial health. 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!.


Dividend Valuation Growth Profitability Health

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.
Each year in the past 5 years GSL has been profitable.
Each year in the past 5 years GSL had a positive operating cash flow.
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 2024 0 200M -200M 400M

1.2 Ratios

Looking at the Return On Assets, with a value of 14.49%, GSL belongs to the top of the industry, outperforming 88.57% of the companies in the same industry.
With an excellent Return On Equity value of 23.31%, GSL belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
GSL's Return On Invested Capital of 13.05% is amongst the best of the industry. GSL outperforms 88.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GSL is significantly above the industry average of 7.39%.
Industry RankSector 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%
GSL Yearly ROA, ROE, ROICGSL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

1.3 Margins

Looking at the Profit Margin, with a value of 51.80%, GSL belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
In the last couple of years the Profit Margin of GSL has grown nicely.
The Operating Margin of GSL (52.77%) is better than 94.29% of its industry peers.
In the last couple of years the Operating Margin of GSL has grown nicely.
Looking at the Gross Margin, with a value of 70.07%, GSL belongs to the top of the industry, outperforming 82.86% of the companies in the same industry.
In the last couple of years the Gross Margin of GSL has grown nicely.
Industry RankSector 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%
GSL Yearly Profit, Operating, Gross MarginsGSL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60

6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GSL is creating some value.
The number of shares outstanding for GSL has been increased compared to 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.
GSL Yearly Shares OutstandingGSL Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2024 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 2.06 indicates that GSL is not a great score, but indicates only limited risk for bankruptcy at the moment.
GSL has a Altman-Z score of 2.06. This is in the better half of the industry: GSL outperforms 71.43% of its industry peers.
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 68.57% 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 RankSector Rank
Debt/Equity 0.37
Debt/FCF 4.73
Altman-Z 2.06
ROIC/WACC1.33
WACC9.81%
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 2024 0 500M 1B

2.3 Liquidity

GSL has a Current Ratio of 2.01. This indicates that GSL is financially healthy and has no problem in meeting its short term obligations.
GSL has a Current ratio of 2.01. This is in the better half of the industry: GSL outperforms 68.57% 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 68.57% of its industry peers.
Industry RankSector Rank
Current Ratio 2.01
Quick Ratio 1.94
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 2024 100M 200M 300M

4

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%.
Measured over the past years, GSL shows a very strong growth in Earnings Per Share. The EPS has been growing by 45.56% on average per year.
The Revenue has been growing slightly by 4.43% in the past year.
Measured over the past years, GSL shows a very strong growth in Revenue. The Revenue has been growing by 22.19% on average per year.
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

Based on estimates for the next years, GSL will show a decrease in Earnings Per Share. The EPS will decrease by -8.39% on average per year.
Based on estimates for the next years, GSL will show a decrease in Revenue. The Revenue will decrease by -5.05% on average per year.
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.
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.
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 2027 200M 400M 600M
GSL Yearly EPS VS EstimatesGSL Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6 8

7

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 2.97 indicates a rather cheap valuation of GSL.
Based on the Price/Earnings ratio, GSL is valued cheaper than 88.57% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.79, GSL is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 3.22, the valuation of GSL can be described as very cheap.
Based on the Price/Forward Earnings ratio, GSL is valued cheaper than 94.29% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.21. GSL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 2.97
Fwd PE 3.22
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

Based on the Enterprise Value to EBITDA ratio, GSL is valued a bit cheaper than 80.00% of the companies in the same industry.
74.29% of the companies in the same industry are more expensive than GSL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.78
EV/EBITDA 2.81
GSL Per share dataGSL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

GSL has an outstanding profitability rating, which may justify a higher PE ratio.
GSL's earnings are expected to decrease with -8.39% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.07
EPS Next 2Y-2.38%
EPS Next 3Y-8.39%

7

5. Dividend

5.1 Amount

GSL has a Yearly Dividend Yield of 8.03%, which is a nice return.
Compared to an average industry Dividend Yield of 6.59, GSL pays a better dividend. On top of this GSL pays more dividend than 91.43% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, GSL pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.03%

5.2 History

On average, the dividend of GSL grows each year by 53.55%, which is quite nice.
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
GSL Yearly Dividends per shareGSL Yearly Dividends per shareYearly Dividends per share 2015 2021 2022 2023 2024 2025 2 4 6 8 10

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%
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 2024 0 100M -100M 200M -200M 300M
GSL Dividend Payout.GSL Dividend Payout, showing the Payout Ratio.GSL Dividend Payout.PayoutRetained Earnings

GLOBAL SHIP LEASE INC-CL A

NYSE:GSL (10/1/2025, 8:55:02 PM)

After market: 30.5 -0.16 (-0.52%)

30.66

-0.04 (-0.13%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)08-05 2025-08-05/bmo
Earnings (Next)11-11 2025-11-11/amc
Inst Owners49.96%
Inst Owner Change15.47%
Ins Owners1.89%
Ins Owner ChangeN/A
Market Cap1.09B
Analysts77.5
Price Target36.38 (18.66%)
Short Float %2.46%
Short Ratio2.3
Dividend
Industry RankSector Rank
Dividend Yield 8.03%
Yearly Dividend1.92
Dividend Growth(5Y)53.55%
DP19.92%
Div Incr Years3
Div Non Decr Years3
Ex-Date08-22 2025-08-22 (0.525)
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)-0.32%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.15%
Valuation
Industry RankSector Rank
PE 2.97
Fwd PE 3.22
P/S 1.48
P/FCF 6.78
P/OCF 2.45
P/B 0.66
P/tB 0.66
EV/EBITDA 2.81
EPS(TTM)10.32
EY33.66%
EPS(NY)9.52
Fwd EY31.05%
FCF(TTM)4.52
FCFY14.76%
OCF(TTM)12.53
OCFY40.86%
SpS20.76
BVpS46.14
TBVpS46.14
PEG (NY)N/A
PEG (5Y)0.07
Profitability
Industry RankSector 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 RankSector 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 2.06
F-Score5
WACC9.81%
ROIC/WACC1.33
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%