Declared Dividend • Aug 10
Second quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 21st August 2026 Payment date: 3rd September 2026 Dividend yield will be 6.1%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is covered by both earnings (24% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next year. However, it would need to fall by 73% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 06
Second quarter 2026 earnings released: EPS: US$2.48 (vs US$2.61 in 2Q 2025) Second quarter 2026 results: EPS: US$2.48 (down from US$2.61 in 2Q 2025). Revenue: US$198.7m (up 5.4% from 2Q 2025). Net income: US$89.3m (down 4.0% from 2Q 2025). Profit margin: 45% (down from 49% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 4.6% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Aug 05
Global Ship Lease, Inc. Declares Dividend on Class A Common Share for the Second Quarter of 2026, Payable on September 3, 2026 Global Ship Lease, Inc. declared a dividend of $0.625 per Class A common share for the second quarter of 2026, to be paid on September 3, 2026 to Class A common shareholders of record as of August 21, 2026. Annuncio • Jul 24
Global Ship Lease, Inc. to Report Q2, 2026 Results on Aug 06, 2026 Global Ship Lease, Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 06, 2026 Reported Earnings • May 24
First quarter 2026 earnings released: EPS: US$2.55 (vs US$3.40 in 1Q 2025) First quarter 2026 results: EPS: US$2.55 (down from US$3.40 in 1Q 2025). Revenue: US$198.1m (up 5.5% from 1Q 2025). Net income: US$91.4m (down 24% from 1Q 2025). Profit margin: 46% (down from 64% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 8.2% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • May 20
Fourth quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 22nd May 2026 Payment date: 3rd June 2026 Dividend yield will be 6.2%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 78% to increase the payout ratio to a potentially unsustainable range. Annuncio • Apr 28
Global Ship Lease, Inc., Annual General Meeting, Jun 17, 2026 Global Ship Lease, Inc., Annual General Meeting, Jun 17, 2026, at 10:00 GTB Standard Time. Annuncio • Feb 20
Global Ship Lease, Inc. to Report Q4, 2025 Results on Mar 05, 2026 Global Ship Lease, Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Mar 05, 2026 Annuncio • Feb 12
Global Ship Lease, Inc. Declares Quarterly Dividend on Class A Shares for the Fourth Quarter of 2025, Payable March 6, 2026 Global Ship Lease, Inc. announced that the Company’s Board of Directors has declared a dividend of $0.625 per Class A common share for the fourth quarter of 2025, to be paid on March 6, 2026 to shareholders of record as of February 24, 2026. Annuncio • Nov 11
Global Ship Lease, Inc. Announces Dividend for Third Quarter of 2025, Payable on or About December 4, 2025 Global Ship Lease, Inc. declared a dividend of $0.625 per class A common share for the third quarter of 2025, to be paid on or about December 4, 2025 to common shareholders of record as of November 21, 2025. Annuncio • Oct 30
Global Ship Lease, Inc. to Report Q3, 2025 Results on Nov 10, 2025 Global Ship Lease, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 10, 2025 Annuncio • Aug 05
Global Ship Lease, Inc. Announces Dividend for the Second Quarter of 2025, Payable on or About September 4, 2025 Global Ship Lease, Inc. declared dividend of $0.525 per Class A common share for the second quarter of 2025, to be paid on or about September 4, 2025 to common shareholders of record as of August 22, 2025. Annuncio • Jul 23
Global Ship Lease, Inc. to Report Q2, 2025 Results on Aug 05, 2025 Global Ship Lease, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 05, 2025 Annuncio • May 14
Global Ship Lease, Inc. announces Quarterly dividend, payable on June 03, 2025 Global Ship Lease, Inc. announced Quarterly dividend of USD 0.5250 per share payable on June 03, 2025, ex-date on May 23, 2025 and record date on May 23, 2025. Annuncio • May 10
Global Ship Lease, Inc., Annual General Meeting, Jun 17, 2025 Global Ship Lease, Inc., Annual General Meeting, Jun 17, 2025, at 17:00 GTB Standard Time. Location: 9 irodou attikou street, kifisia, athens, 14561., Greece Annuncio • May 06
Global Ship Lease, Inc. to Report Q1, 2025 Results on May 19, 2025 Global Ship Lease, Inc. announced that they will report Q1, 2025 results Pre-Market on May 19, 2025 Annuncio • Feb 21
Global Ship Lease, Inc. to Report Q4, 2024 Results on Mar 05, 2025 Global Ship Lease, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 05, 2025 Annuncio • Feb 13
Global Ship Lease Declares Dividend for the Fourth Quarter of 2024, Payable on March 6, 2025 Global Ship Lease, Inc. announced that the Company’s Board of Directors has declared a dividend of $0.45 per Class A common share for the fourth quarter of 2024, to be paid on March 6, 2025 to shareholders of record as of February 24, 2025. Declared Dividend • Nov 13
Third quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 22nd November 2024 Payment date: 4th December 2024 Dividend yield will be 7.0%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (4% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 14% over the next 2 years. However, it would need to fall by 95% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: US$2.22 (vs US$2.34 in 3Q 2023) Third quarter 2024 results: EPS: US$2.22 (down from US$2.34 in 3Q 2023). Revenue: US$174.1m (flat on 3Q 2023). Net income: US$78.8m (down 4.7% from 3Q 2023). Profit margin: 45% (down from 48% in 3Q 2023). Revenue is forecast to decline by 7.0% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Nov 12
Global Ship Lease, Inc. Announces Third Quarter Dividend, Payable on or About December 4, 2024 Global Ship Lease, Inc. declared a dividend of $0.45 per Class A common share for the third quarter of 2024, to be paid on or about December 4, 2024 to common shareholders of record as of November 22, 2024. Paid a dividend of $0.45 per Class A common share for the second quarter of 2024 on September 4, 2024. Annuncio • Oct 29
Global Ship Lease, Inc. to Report Q3, 2024 Results on Nov 11, 2024 Global Ship Lease, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 11, 2024 Annuncio • Aug 18
Global Ship Lease, Inc. has filed a Follow-on Equity Offering in the amount of $100 million. Global Ship Lease, Inc. has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Class A Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Declared Dividend • Aug 09
Second quarter dividend of US$0.075 announced Shareholders will receive a dividend of US$0.075. Ex-date: 23rd August 2024 Payment date: 4th September 2024 Dividend yield will be 4.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 24% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$2.44 (vs US$2.13 in 2Q 2023) Second quarter 2024 results: EPS: US$2.44 (up from US$2.13 in 2Q 2023). Revenue: US$173.5m (up 8.2% from 2Q 2023). Net income: US$85.6m (up 14% from 2Q 2023). Profit margin: 49% (up from 47% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 06
Global Ship Lease, Inc. Declares Supplemental Dividend on Class A Common Shares for the Second Quarter of 2024, Payable on September 4, 2024 Global Ship Lease, Inc. declared a total dividend, including the first payment of the Supplemental Dividend, of $0.45 per Class A common share for the second quarter of 2024, to be paid on September 4, 2024 to common shareholders of record as of August 23, 2024. Paid a dividend of $0.375 per Class A common share for the first quarter of 2024 on June 3, 2024. New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annuncio • Jul 23
Global Ship Lease, Inc. to Report Q2, 2024 Results on Aug 05, 2024 Global Ship Lease, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 05, 2024 Annuncio • May 31
Global Ship Lease Announces Introduction of Quarterly Supplemental Dividend for Common Shareholders Global Ship Lease, Inc. announced the introduction of a quarterly supplemental dividend to common shareholders. Recent containership charter market strength is enabling Global Ship Lease to secure higher-than-anticipated cashflows from time charters with longer-than-anticipated durations. As a result, in addition to the sustainable dividend of $0.375 per Class A common share per quarter, commencing with the dividend payable after the release of the Company’s earnings for the second quarter of 2024, Global Ship Lease expects to initiate a supplemental dividend of $0.075 per Class A common share per quarter, an increase of 20%, for as long as conditions are supportive. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: US$2.54 (vs US$2.02 in 1Q 2023) First quarter 2024 results: EPS: US$2.54 (up from US$2.02 in 1Q 2023). Revenue: US$179.6m (up 15% from 1Q 2023). Net income: US$89.5m (up 24% from 1Q 2023). Profit margin: 50% (up from 46% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Annuncio • May 18
Global Ship Lease, Inc. Appoints George Giannopoulos as Chief Compliance Officer Global Ship Lease, Inc. announced George Giannopoulos, who has been Head of Internal Audit of the Company since the merger with Poseidon Containers in 2018, has been appointed Chief Compliance Officer. Declared Dividend • May 13
Fourth quarter dividend of US$0.38 announced Shareholders will receive a dividend of US$0.38. Ex-date: 23rd May 2024 Payment date: 3rd June 2024 Dividend yield will be 6.4%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 62% over the next 3 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range. Annuncio • May 11
Global Ship Lease, Inc. Declares Quarterly Dividend Per Common Share for First Quarter of 2024, Payable on June 3, 2024 Global Ship Lease, Inc. announced that the Company’s Board of Directors has declared a dividend of $0.375 per Class A common share for the first quarter of 2024, to be paid on June 3, 2024 to shareholders of record as of May 24, 2024. Annuncio • May 09
Global Ship Lease, Inc. to Report Q1, 2024 Results on May 16, 2024 Global Ship Lease, Inc. announced that they will report Q1, 2024 results Pre-Market on May 16, 2024 Annuncio • May 05
Global Ship Lease, Inc., Annual General Meeting, Jun 17, 2024 Global Ship Lease, Inc., Annual General Meeting, Jun 17, 2024, at 10:00 US Eastern Standard Time. Location: office at 9 Irodou Attikou Street, Kifisia Athens Greece Agenda: To elect three Term I Directors to serve until the 2027 Annual Meeting of Shareholders; and to ratify the appointment of PricewaterhouseCoopers S.A., as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and to consider transact such other business as may properly come before the Meeting or any adjournment thereof. Reported Earnings • Mar 05
Full year 2023 earnings released: EPS: US$8.38 (vs US$7.74 in FY 2022) Full year 2023 results: EPS: US$8.38 (up from US$7.74 in FY 2022). Revenue: US$674.8m (up 12% from FY 2022). Net income: US$295.0m (up 4.1% from FY 2022). Profit margin: 44% (down from 47% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 11% p.a. on average during the next 2 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 23
Global Ship Lease, Inc. to Report Q4, 2023 Results on Mar 04, 2024 Global Ship Lease, Inc. announced that they will report Q4, 2023 results Pre-Market on Mar 04, 2024 Declared Dividend • Feb 19
Third quarter dividend of US$0.38 announced Shareholders will receive a dividend of US$0.38. Ex-date: 21st February 2024 Payment date: 6th March 2024 Dividend yield will be 7.5%, which is lower than the industry average of 15%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 27% over the next 2 years. However, it would need to fall by 80% to increase the payout ratio to a potentially unsustainable range. Annuncio • Feb 13
Global Ship Lease, Inc. Declares Quarterly Dividend for Fourth Quarter of 2023, Payable on March 6, 2024 Global Ship Lease, Inc. announced that the Company’s Board of Directors has declared a dividend of $0.375 per Class A common share for the fourth quarter of 2023, to be paid on March 6, 2024 to shareholders of record as of February 22, 2024. Upcoming Dividend • Nov 15
Upcoming dividend of US$0.38 per share at 8.4% yield Eligible shareholders must have bought the stock before 22 November 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 8.4%. Within top quartile of German dividend payers (5.1%). Lower than average of industry peers (21%). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: US$2.34 (vs US$2.44 in 3Q 2022) Third quarter 2023 results: EPS: US$2.34 (down from US$2.44 in 3Q 2022). Revenue: US$179.6m (up 10.0% from 3Q 2022). Net income: US$82.7m (down 7.7% from 3Q 2022). Profit margin: 46% (down from 55% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 4.1% p.a. on average during the next 3 years compared to a 4.7% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 10
Global Ship Lease, Inc. Declares Dividend for the Third Quarter 2023, Payable on December 4, 2023 Global Ship Lease, Inc. declared a dividend of $0.375 per Class A common share for the third quarter 2023 to be paid on December 4, 2023 to common shareholders of record as of November 24, 2023. Paid a dividend of $0.375 per Class A common share for the second quarter 2023 on September 5, 2023. Annuncio • Oct 27
Global Ship Lease, Inc. to Report Q3, 2023 Results on Nov 09, 2023 Global Ship Lease, Inc. announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Nov 09, 2023 Upcoming Dividend • Aug 15
Upcoming dividend of US$0.38 per share at 7.5% yield Eligible shareholders must have bought the stock before 22 August 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%). Annuncio • Aug 04
Global Ship Lease, Inc. Declares Quarterly Dividend, Payable on September 4, 2023 Global Ship Lease, Inc. declared a dividend of $0.375 per Class A common share for the second quarter of 2023 to be paid on September 4, 2023 to common shareholders of record as of August 23, 2023. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$2.21 (vs US$1.40 in 2Q 2022) Second quarter 2023 results: EPS: US$2.21 (up from US$1.40 in 2Q 2022). Revenue: US$162.1m (up 13% from 2Q 2022). Net income: US$77.8m (up 53% from 2Q 2022). Profit margin: 48% (up from 35% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to fall by 3.3% p.a. on average during the next 3 years compared to a 8.4% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 73% per year whereas the company’s share price has increased by 69% per year. New Risk • Jul 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risks High level of debt (58% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annuncio • Jul 23
Global Ship Lease, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Global Ship Lease, Inc. announced that they will report Q2, 2023 results on Aug 03, 2023 Upcoming Dividend • May 16
Upcoming dividend of US$0.38 per share at 7.8% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 7.8%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (17%). Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$2.04 (vs US$1.93 in 1Q 2022) First quarter 2023 results: EPS: US$2.04 (up from US$1.93 in 1Q 2022). Revenue: US$159.3m (up 13% from 1Q 2022). Net income: US$72.2m (up 2.9% from 1Q 2022). Profit margin: 45% (down from 50% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 4.3% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: US$8.40 (vs US$4.65 in FY 2021) Full year 2022 results: EPS: US$8.40 (up from US$4.65 in FY 2021). Revenue: US$645.6m (up 60% from FY 2021). Net income: US$302.5m (up 85% from FY 2021). Profit margin: 47% (up from 41% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 1.0% p.a. on average during the next 2 years compared to a 11% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.38 per share at 8.0% yield Eligible shareholders must have bought the stock before 21 February 2023. Payment date: 06 March 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.6%). Lower than average of industry peers (14%). Annuncio • Feb 10
Global Ship Lease, Inc. Declares Quarterly Dividend, Payable on March 06, 2023 Global Ship Lease, Inc. announced that the Company’s Board of Directors has declared a dividend of $0.375 per Class A common share for the fourth quarter of 2022, to be paid on March 6, 2023 to shareholders of record as of February 22, 2023. Annuncio • Dec 08
Global Ship Lease, Inc., Annual General Meeting, Jan 05, 2023 Global Ship Lease, Inc., Annual General Meeting, Jan 05, 2023, at 20:00 E. Europe Standard Time. Location: 3- 5 Menandrou Str., 14561 Kifisia Ahtens Greece Agenda: To approve the adoption of an amendment to the Company's Amended and Restated Articles of Incorporation establishing a quorum for all meetings of shareholders of the Company of one-third (1/3) of the shares, present either in person or by proxy, issued and outstanding and entitled to vote at such meetings. Upcoming Dividend • Nov 16
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 21 November 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (12%). Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$2.54 (vs US$1.73 in 3Q 2021) Third quarter 2022 results: EPS: US$2.54 (up from US$1.73 in 3Q 2021). Revenue: US$172.5m (up 51% from 3Q 2021). Net income: US$92.0m (up 46% from 3Q 2021). Profit margin: 53% (down from 55% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 12% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 15
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 22 August 2022. Payment date: 02 September 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.5%). Lower than average of industry peers (9.4%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$1.48 (vs US$0.83 in 2Q 2021) Second quarter 2022 results: EPS: US$1.48 (up from US$0.83 in 2Q 2021). Revenue: US$154.5m (up 92% from 2Q 2021). Net income: US$54.5m (up 81% from 2Q 2021). Profit margin: 35% (down from 37% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.6%, compared to a 4.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 16% share price gain to €17.50, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 6x in the Shipping industry in Europe. Total returns to shareholders of 169% over the past three years. Upcoming Dividend • May 16
Upcoming dividend of US$0.38 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 6.9%. Within top quartile of German dividend payers (4.3%). Lower than average of industry peers (8.5%). Reported Earnings • May 10
First quarter 2022 earnings released: EPS: US$1.93 (vs US$0.13 in 1Q 2021) First quarter 2022 results: EPS: US$1.93 (up from US$0.13 in 1Q 2021). Revenue: US$153.6m (up 111% from 1Q 2021). Net income: US$70.2m (up US$66.0m from 1Q 2021). Profit margin: 46% (up from 5.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Hank Mannix was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$4.51 (up from US$1.23 in FY 2020). Revenue: US$448.0m (up 58% from FY 2020). Net income: US$163.2m (up US$141.5m from FY 2020). Profit margin: 36% (up from 7.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Over the next year, revenue is forecast to grow 35%, compared to a 27% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 19% share price gain to €23.40, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Shipping industry in Europe. Total returns to shareholders of 356% over the past three years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS US$1.73 (vs US$0.76 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$138.6m (up 97% from 3Q 2020). Net income: US$62.9m (up 363% from 3Q 2020). Profit margin: 45% (up from 19% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 15% share price gain to €19.70, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 176% over the past three years. Upcoming Dividend • Aug 13
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 20 August 2021. Payment date: 03 September 2021. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.8%). Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.83 (vs US$0.70 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$82.9m (up 16% from 2Q 2020). Net income: US$30.1m (up 139% from 2Q 2020). Profit margin: 36% (up from 18% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improved over the past week After last week's 16% share price gain to US$15.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Shipping industry in Europe. Total returns to shareholders of 87% over the past three years. Upcoming Dividend • May 14
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 21 May 2021. Payment date: 03 June 2021. Trailing yield: 6.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%). Reported Earnings • May 11
First quarter 2021 earnings released: EPS US$0.31 (vs US$0.035 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$73.0m (up 2.9% from 1Q 2020). Net income: US$5.64m (up US$5.02m from 1Q 2020). Profit margin: 7.7% (up from 0.9% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$12.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Shipping industry in Europe. Total returns to shareholders of 88% over the past three years. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS US$1.23 (vs US$1.48 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$282.8m (up 8.3% from FY 2019). Net income: US$21.7m (up 23% from FY 2019). Profit margin: 7.7% (up from 6.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS US$2.09 (vs US$1.48 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$282.8m (up 8.3% from FY 2019). Net income: US$37.6m (up 114% from FY 2019). Profit margin: 13% (up from 6.7% in FY 2019). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 12%, compared to a 8.9% growth forecast for the Shipping industry in Germany. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 25% share price decline to US$9.65, the stock is trading at a trailing P/E ratio of 13.8x, down from the previous P/E ratio of 18.4x. This compares to an average P/E of 21x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 25%. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improved over the past week After last week's 30% share price gain to US$12.40, the stock is trading at a trailing P/E ratio of 17.2x, up from the previous P/E ratio of 13.2x. This compares to an average P/E of 21x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 68%. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 17% share price gain to US$10.80, the stock is trading at a trailing P/E ratio of 15x, up from the previous P/E ratio of 12.8x. This compares to an average P/E of 20x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 43%. Is New 90 Day High Low • Jan 07
New 90-day high: €10.00 The company is up 52% from its price of €6.60 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.30 per share. Is New 90 Day High Low • Dec 24
New 90-day high: €9.10 The company is up 85% from its price of €4.92 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 35% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.60 per share. Is New 90 Day High Low • Dec 08
New 90-day high: €8.65 The company is up 96% from its price of €4.42 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.79 per share. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 18% share price gain to US$7.65, the stock is trading at a trailing P/E ratio of 10.6x, up from the previous P/E ratio of 9x. This compares to an average P/E of 17x in the Shipping industry in Europe. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Nov 11
New 90-day high: €6.75 The company is up 57% from its price of €4.30 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.68 per share. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.76 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$70.5m (up 6.9% from 3Q 2019). Net income: US$13.6m (up 37% from 3Q 2019). Profit margin: 19% (up from 15% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 2.9%, compared to a 2.9% growth forecast for the Shipping industry in Germany. Is New 90 Day High Low • Oct 08
New 90-day high: €6.10 The company is up 68% from its price of €3.64 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.44 per share. Is New 90 Day High Low • Sep 22
New 90-day high: €4.88 The company is up 24% from its price of €3.92 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.05 per share.