XNYSSFL
Market cap1.42bUSD
Dec 20, Last price
9.74USD
1D
0.21%
1Q
-12.96%
Jan 2017
-34.41%
Name
SFL Corporation Ltd
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 744,326 11.03% | 670,393 30.58% | 513,396 8.99% | |||||||
Cost of revenue | 523,383 | 408,147 | 308,036 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 220,943 | 262,246 | 205,360 | |||||||
NOPBT Margin | 29.68% | 39.12% | 40.00% | |||||||
Operating Taxes | 3,323 | 72,706 | 87,874 | |||||||
Tax Rate | 1.50% | 27.72% | 42.79% | |||||||
NOPAT | 217,620 | 189,540 | 117,486 | |||||||
Net income | 83,937 -35.46% | 130,062 70.08% | 76,469 -122.10% | |||||||
Dividends | (122,992) | (111,574) | (77,552) | |||||||
Dividend yield | 8.61% | 8.81% | 6.83% | |||||||
Proceeds from repurchase of equity | (10,174) | (125,818) | ||||||||
BB yield | 0.71% | 11.08% | ||||||||
Debt | ||||||||||
Debt current | 852,259 | 974,925 | 353,973 | |||||||
Long-term debt | 2,133,169 | 2,172,123 | 2,583,641 | |||||||
Deferred revenue | ||||||||||
Other long-term liabilities | 8,969 | 14,361 | 17,213 | |||||||
Net debt | 2,684,012 | 2,934,856 | 2,754,147 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 343,089 | 355,125 | 293,595 | |||||||
CAPEX | (264,418) | (602,499) | (581,622) | |||||||
Cash from investing activities | (103,894) | (499,088) | (389,050) | |||||||
Cash from financing activities | (262,065) | 178,365 | 25,017 | |||||||
FCF | 382,297 | (222,843) | (857,758) | |||||||
Balance | ||||||||||
Cash | 191,236 | 195,645 | 166,832 | |||||||
Long term investments | 110,180 | 16,547 | 16,635 | |||||||
Excess cash | 264,200 | 178,672 | 157,797 | |||||||
Stockholders' equity | 6,845 | 50,115 | (100,528) | |||||||
Invested Capital | 3,607,608 | 3,729,484 | 3,513,447 | |||||||
ROIC | 5.93% | 5.23% | 3.44% | |||||||
ROCE | 6.11% | 6.94% | 6.02% | |||||||
EV | ||||||||||
Common stock shares outstanding | 126,584 | 137,377 | 139,383 | |||||||
Price | 11.28 22.34% | 9.22 13.13% | 8.15 29.78% | |||||||
Market cap | 1,427,868 12.73% | 1,266,616 11.50% | 1,135,971 65.99% | |||||||
EV | 4,111,880 | 4,201,472 | 3,890,118 | |||||||
EBITDA | 435,005 | 460,564 | 357,066 | |||||||
EV/EBITDA | 9.45 | 9.12 | 10.89 | |||||||
Interest | 164,906 | 110,129 | 90,385 | |||||||
Interest/NOPBT | 74.64% | 41.99% | 44.01% |