GLOBAL SHIP LEASE INC-CL A (GSL)
MHY271836006 - Common Stock
GSL gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 29 industry peers in the Marine Transportation industry. While GSL belongs to the best of the industry regarding profitability, 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. Finally GSL also has an excellent dividend rating. This makes GSL very considerable for value and dividend investing!
1. Profitability
1.1 Basic Checks
In the past year GSL was profitable.
GSL had a positive operating cash flow in the past year.
In the past 5 years GSL has always been profitable.
In the past 5 years GSL always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 13.58%, GSL belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
Looking at the Return On Equity, with a value of 24.90%, GSL belongs to the top of the industry, outperforming 86.21% of the companies in the same industry.
GSL has a Return On Invested Capital of 15.12%. This is amongst the best in the industry. GSL outperforms 96.55% of its industry peers.
The Average Return On Invested Capital over the past 3 years for GSL is significantly above the industry average of 7.27%.
The last Return On Invested Capital (15.12%) for GSL is above the 3 year average (13.60%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.58% | ||
| ROE | 24.9% | ||
| ROIC | 15.12% |
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 Profit Margin of 43.71%. This is amongst the best in the industry. GSL outperforms 86.21% of its industry peers.
In the last couple of years the Profit Margin of GSL has grown nicely.
With an excellent Operating Margin value of 53.65%, GSL belongs to the best of the industry, outperforming 89.66% 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 69.95%, GSL belongs to the best of the industry, outperforming 82.76% 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 | 53.65% | ||
| PM (TTM) | 43.71% | ||
| GM | 69.95% |
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.
The number of shares outstanding for GSL has been reduced compared to 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
Based on the Altman-Z score of 1.65, we must say that GSL is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of GSL (1.65) is better than 68.97% of its industry peers.
The Debt to FCF ratio of GSL is 3.50, which is a good value as it means it would take GSL, 3.50 years of fcf income to pay off all of its debts.
GSL's Debt to FCF ratio of 3.50 is amongst the best of the industry. GSL outperforms 82.76% of its industry peers.
GSL has a Debt/Equity ratio of 0.52. This is a neutral value indicating GSL is somewhat dependend on debt financing.
GSL has a Debt to Equity ratio of 0.52. This is comparable to the rest of the industry: GSL outperforms 55.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 3.5 | ||
| Altman-Z | 1.65 |
ROIC/WACC2.06
WACC7.33%
2.3 Liquidity
GSL has a Current Ratio of 1.05. 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 worse Current ratio (1.05) than 68.97% of its industry peers.
GSL has a Quick Ratio of 1.05. This is a bad value and indicates that GSL is not financially healthy enough and could expect problems in meeting its short term obligations.
GSL has a Quick ratio of 1.00. This is in the lower half of the industry: GSL underperforms 68.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.06% over the past year.
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.
GSL shows a small growth in Revenue. In the last year, the Revenue has grown by 4.53%.
The Revenue has been growing by 33.84% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)9.06%
EPS 3Y71.19%
EPS 5YN/A
EPS growth Q2Q16.36%
Revenue 1Y (TTM)4.53%
Revenue growth 3Y33.63%
Revenue growth 5Y33.84%
Revenue growth Q2Q8.42%
3.2 Future
The Earnings Per Share is expected to decrease by -26.76% on average over the next years. This is quite bad
The Revenue is expected to decrease by -10.72% on average over the next years. This is quite bad
EPS Next Y-2.52%
EPS Next 2Y-13.89%
EPS Next 3Y-26.76%
EPS Next 5YN/A
Revenue Next Year1.25%
Revenue Next 2Y-5.57%
Revenue Next 3Y-10.72%
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.
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
Based on the Price/Earnings ratio of 2.49, the valuation of GSL can be described as very cheap.
GSL's Price/Earnings ratio is rather cheap when compared to the industry. GSL is cheaper than 89.66% of the companies in the same industry.
When comparing the Price/Earnings ratio of GSL to the average of the S&P500 Index (24.95), we can say GSL is valued rather cheaply.
A Price/Forward Earnings ratio of 2.56 indicates a rather cheap valuation of GSL.
93.10% 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 (21.40), we can say GSL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.49 | ||
| Fwd PE | 2.56 |
4.2 Price Multiples
GSL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. GSL is cheaper than 79.31% of the companies 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 86.21% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.4 | ||
| EV/EBITDA | 3.12 |
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 -26.76% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-13.89%
EPS Next 3Y-26.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.08%, GSL is a good candidate for dividend investing.
GSL's Dividend Yield is rather good when compared to the industry average which is at 4.99. GSL pays more dividend than 82.76% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, GSL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.08% |
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.
The dividend of GSL decreased in the last 3 years.
Dividend Growth(5Y)36.74%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
21.29% of the earnings are spent on dividend by GSL. This is a low number and sustainable payout ratio.
DP21.29%
EPS Next 2Y-13.89%
EPS Next 3Y-26.76%
GLOBAL SHIP LEASE INC-CL A
NYSE:GSL (4/23/2024, 11:57:17 AM)
22.5
+0.59 (+2.69%)
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 Cap789.52M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.08% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.49 | ||
| Fwd PE | 2.56 | ||
| 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)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.58% | ||
| ROE | 24.9% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 53.65% | ||
| PM (TTM) | 43.71% | ||
| GM | 69.95% | ||
| 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 Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.05 | ||
| Quick Ratio | 1 | ||
| 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)
Growth
EPS 1Y (TTM)9.06%
EPS 3Y71.19%
EPS 5Y
EPS growth Q2Q
EPS Next Y-2.52%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.53%
Revenue growth 3Y33.63%
Revenue growth 5Y
Revenue growth 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