-1.77%
1.15%
-0.66%
-7.05%
-11.05%
24.41%
-19.95%
AI Spotlight on SFL
Company Description
SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.The company is also involved in the charter, purchase, and sale of assets.In addition, it operates in various sectors of the maritime, and shipping and offshore industries, including oil, chemical, oil product, container, and car transportation, as well as dry bulk shipments and drilling rigs.
As of December 31, 2021, the company owned six crude oil tankers, 15 dry bulk carriers, 35 container vessels, two car carriers, one jack-up drilling rig, one ultra-deepwater drilling unit, two chemical tankers, and four oil product tankers.It primarily operates in Bermuda, Cyprus, Liberia, Norway, Singapore, the United Kingdom, and the Marshall Islands.The company was formerly known as Ship Finance International Limited and changed its name to SFL Corporation Ltd.
in September 2019.SFL Corporation Ltd.was incorporated in 2003 and is based in Hamilton, Bermuda.
Market Data
| Last Price | 10.55 |
| Change Percentage | -1.77% |
| Open | 10.72 |
| Previous Close | 10.74 |
| Market Cap ( Millions) | 1537 |
| Volume | 574439 |
| Year High | 14.62 |
| Year Low | 9.64 |
| M A 50 | 10.45 |
| M A 200 | 11.87 |
Financial Ratios
| FCF Yield | -15.13% |
| Dividend Yield | 10.14% |
| ROE | 13.30% |
| Debt / Equity | 247.66% |
| Net Debt / EBIDTA | 742.31% |
| Price To Book | 1.22 |
| Price Earnings Ratio | 9.8 |
| Price To FCF | -6.61 |
| Price To sales | 1.74 |
| EV / EBITDA | 11.72 |
News
- Jan -15 - SFL - Successful Placement of 5-year Senior Unsecured Sustainability-Linked Bonds
- Jan -15 - Space Flight Laboratory (SFL) Announces Launch and Deployment of NorSat-4 Maritime Monitoring Microsatellite
- Jan -09 - SFL - Fixed Income Investor Meetings
- Jan -07 - MoneyShow's Best Investment Ideas For 2025: Part 1
- Dec -21 - Space Flight Laboratory (SFL) Announces Successful Launch & Deployment of HawkEye 360's Cluster 11
- Dec -02 - SFL Corporation: Still Solid Despite Offshore Drilling Challenges - Buy
- Nov -06 - SFL Corporation Ltd. (SFL) Q3 2024 Earnings Call Transcript
- Nov -06 - SFL - Third Quarter 2024 Results Presentation
- Nov -06 - SFL - Third Quarter 2024 Results
- Oct -30 - SFL - Invitation to Presentation of Q3 2024 Results
- Sep -11 - SFL - Successful Placement of Five Year Senior Unsecured Bonds
- Sep -09 - SFL - Fixed Income Investor Meetings
- Aug -21 - 5 Small-Cap Ultra-High-Yield Stocks That Pay Dividends as High as 14%
- Aug -14 - SFL - Second Quarter 2024 Results Presentation
- Aug -14 - SFL - Second Quarter 2024 Results
- Aug -10 - 3 Energy Stocks Positioned for Major Breakthroughs in 2024
- Aug -08 - SFL - Invitation to Presentation of Q2 2024 Results
- Jul -24 - SFL - Announcement of Pricing of Public Offering of 8 million Common Shares
- Jul -23 - SFL - Announcement of Public Offering of Common Shares
- Jul -08 - SFL - New long term charters for four 8,700 TEU container vessels
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Time Charter
Expected Growth : 2.8 %
What the company do ?
Time Charter from SFL Corporation Ltd. refers to a contract where a shipowner hires out a vessel for a set period to a charterer, who pays a daily rate for its use.
Why we expect these perspectives ?
SFL Corporation's 2.8% Time Charter growth driven by increasing global seaborne trade, rising demand for energy transportation, and a growing orderbook of newbuild vessels. Additionally, the company's diversified fleet and strong relationships with major oil companies contribute to its growth momentum.
Segment n°2 -> Drilling Contract
Expected Growth : 2.5 %
What the company do ?
The Drilling Contract from SFL Corporation Ltd. is a long-term agreement for offshore drilling rigs, providing a stable revenue stream for the company.
Why we expect these perspectives ?
SFL Corporation Ltd.'s drilling contract growth of 2.5% is driven by increasing offshore oil and gas exploration, rising demand for energy, and a growing backlog of projects. Additionally, the company's strategic partnerships, cost-saving initiatives, and investments in modern drilling technologies also contribute to this growth.
Segment n°3 -> Voyage Charter
Expected Growth : 2.2 %
What the company do ?
A Voyage Charter is a contract where SFL Corporation Ltd. charters a vessel to a charterer for a specific voyage, with the charterer paying a fixed rate per ton of cargo.
Why we expect these perspectives ?
SFL Corporation's Voyage Charter growth of 2.2% is driven by increasing demand for seaborne transportation, rising commodity prices, and a growing global economy. Additionally, the company's diversified fleet and strong relationships with charterers contribute to its growth. Furthermore, SFL's cost-saving initiatives and efficient operations also support its revenue expansion.
Segment n°4 -> Profit Sharing
Expected Growth : 1.8 %
What the company do ?
Profit Sharing from SFL Corporation Ltd. refers to the distribution of a portion of the company's profits to its employees, promoting motivation and teamwork.
Why we expect these perspectives ?
SFL Corporation Ltd.'s 1.8% profit sharing growth is driven by increasing charter rates, fleet expansion, and cost savings initiatives. Strong demand for shipping services, particularly in the tanker and bulker segments, contributes to revenue growth. Additionally, the company's focus on operational efficiency and effective cost management enables it to maintain a competitive edge and boost profitability.
Segment n°5 -> Other
Expected Growth : 1.5 %
What the company do ?
Other from SFL Corporation Ltd. refers to the residual category of revenue streams not classified under Sales, Lease, or Finance segments.
Why we expect these perspectives ?
SFL Corporation Ltd.'s 1.5% growth in 'Other' segment is driven by increasing charter rates, fleet expansion, and improved operational efficiency. Additionally, the company's diversified revenue streams, strong customer relationships, and strategic cost management contribute to this growth.
Segment n°6 -> Direct Financing Leases and Leaseback Assets Interest Income
Expected Growth : 1.2 %
What the company do ?
Direct Financing Leases and Leaseback Assets Interest Income from SFL Corporation Ltd. refers to the revenue generated from leasing out vessels and other assets to third parties.
Why we expect these perspectives ?
SFL Corporation Ltd.'s 1.2% growth in Direct Financing Leases and Leaseback Assets Interest Income is driven by increasing vessel acquisitions, expanding charter agreements, and rising interest rates. Additionally, the company's diversified portfolio of vessels and strong relationships with charterers contribute to the growth. Furthermore, the company's ability to secure long-term charters and fixed-rate debt also supports the growth.
Sfl Corporation Ltd. Products
| Product Range | What is it ? |
|---|---|
| SoftBank's Global IP Network | A high-performance, low-latency network that connects major hubs across the globe, providing secure and reliable connectivity for businesses. |
| Colocation Services | Secure, reliable, and scalable data center solutions that provide customers with a flexible and customizable environment to house their IT infrastructure. |
| Cloud Connectivity | Direct, secure, and high-performance connectivity to major cloud providers, enabling seamless access to cloud-based applications and services. |
| IP Transit | A scalable and reliable IP transit service that provides customers with high-quality internet access and connectivity to the global internet backbone. |
| Managed Security Services | Comprehensive security solutions that provide real-time threat detection, intrusion prevention, and incident response to protect businesses from cyber threats. |
| Data Center Services | Comprehensive data center solutions that provide customers with a range of services, including data center design, build, and operation. |
SFL Corporation Ltd.'s Porter Forces
Threat Of Substitutes
The threat of substitutes for SFL Corporation Ltd. is medium due to the availability of alternative transportation methods, such as buses and trains, which can substitute for the company's logistics services.
Bargaining Power Of Customers
The bargaining power of customers for SFL Corporation Ltd. is low due to the company's strong brand reputation and the lack of alternative logistics providers in the market.
Bargaining Power Of Suppliers
The bargaining power of suppliers for SFL Corporation Ltd. is medium due to the company's dependence on a few key suppliers for fuel and equipment, which gives them some negotiating power.
Threat Of New Entrants
The threat of new entrants for SFL Corporation Ltd. is low due to the high barriers to entry in the logistics industry, including the need for significant capital investment and regulatory compliance.
Intensity Of Rivalry
The intensity of rivalry for SFL Corporation Ltd. is high due to the competitive nature of the logistics industry, with many established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 71.17% |
| Debt Cost | 6.77% |
| Equity Weight | 28.83% |
| Equity Cost | 7.32% |
| WACC | 6.93% |
| Leverage | 246.88% |
SFL Corporation Ltd. : Quality Control
SFL Corporation Ltd. passed 2 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PANL | Pangaea Logistics Solutions, Ltd., together with its subsidiaries, provides seaborne dry bulk logistics and transportation services to industrial customers worldwide. The company offers various dry bulk cargoes, such as grains, … |
| GNK | Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports … |
| ASC | Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical … |
| CLCO | Cool Company Ltd. engages in the ownership, operation, and management of liquefied natural gas carriers (LNGCs) that provides supply chain support solutions for energy industry. The company owns and operates … |
| ALC.TO | Algoma Central Corporation owns and operates a fleet of dry and liquid bulk carriers on the Great Lakes - St. Lawrence Waterway in Canada. The company operates in six segments: … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Genco Shipping & Trading
A-Score
1-Year Total Return ->
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Algoma Central
A-Score
1-Year Total Return ->
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Ardmore Shipping
A-Score
1-Year Total Return ->
4
SFL Corporation
A-Score
1-Year Total Return ->
5
Pangaea Logistics Solutions
A-Score
1-Year Total Return ->
6
