Is Global Ship Lease (NYSE:GSL) Using Too Much Debt?
Jun 25
U.S. Marine and Shipping Industry Analysis
UpdatedJun 30, 2024
DataAggregated Company Financials
Companies32
- 7D2.1%
- 3M22.6%
- 1Y58.3%
- YTD35.9%
In the last week, the Marine and Shipping industry is up 2.1%, with ZIM Integrated Shipping Services up 13%. In the last 12 months, the industry was up 58%. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the U.S. Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Jun 2024 | US$30.3b | US$21.4b | US$604.0m | 8.2x | 50.2x | 1.4x |
| Tue, 28 May 2024 | US$30.3b | US$21.4b | US$620.6m | 8.4x | 48.8x | 1.4x |
| Thu, 25 Apr 2024 | US$25.5b | US$20.7b | US$304.0m | 7.4x | 83.9x | 1.2x |
| Sat, 23 Mar 2024 | US$24.5b | US$21.1b | US$318.8m | 8.4x | 76.8x | 1.2x |
| Mon, 19 Feb 2024 | US$23.6b | US$22.2b | US$948.3m | 5.1x | 24.9x | 1.1x |
| Wed, 17 Jan 2024 | US$22.5b | US$22.3b | US$1.0b | 5.3x | 21.7x | 1x |
| Fri, 15 Dec 2023 | US$19.6b | US$22.3b | US$1.0b | 5.1x | 18.9x | 0.9x |
| Sun, 12 Nov 2023 | US$18.6b | US$24.5b | US$4.7b | 3.6x | 4x | 0.8x |
| Tue, 10 Oct 2023 | US$20.0b | US$24.9b | US$5.2b | 3.3x | 3.8x | 0.8x |
| Thu, 07 Sep 2023 | US$19.6b | US$25.0b | US$5.2b | 3.1x | 3.8x | 0.8x |
| Sat, 05 Aug 2023 | US$21.0b | US$27.1b | US$6.7b | 3x | 3.1x | 0.8x |
| Mon, 03 Jul 2023 | US$19.9b | US$27.9b | US$7.5b | 2.5x | 2.7x | 0.7x |
| Wed, 31 May 2023 | US$18.9b | US$27.9b | US$7.5b | 2.5x | 2.5x | 0.7x |
| Fri, 28 Apr 2023 | US$20.1b | US$31.0b | US$10.1b | 2.4x | 2x | 0.6x |
| Sun, 26 Mar 2023 | US$20.4b | US$31.3b | US$10.2b | 2.3x | 2x | 0.7x |
| Tue, 21 Feb 2023 | US$22.0b | US$33.1b | US$11.9b | 2.6x | 1.8x | 0.7x |
| Thu, 19 Jan 2023 | US$20.2b | US$33.2b | US$12.3b | 2.3x | 1.6x | 0.6x |
| Sat, 17 Dec 2022 | US$19.4b | US$33.2b | US$12.3b | 2.2x | 1.6x | 0.6x |
| Mon, 14 Nov 2022 | US$22.4b | US$32.6b | US$12.8b | 2.3x | 1.8x | 0.7x |
| Wed, 12 Oct 2022 | US$20.1b | US$32.1b | US$12.5b | 2.1x | 1.6x | 0.6x |
| Fri, 09 Sep 2022 | US$22.3b | US$32.1b | US$12.5b | 2x | 1.8x | 0.7x |
| Sun, 07 Aug 2022 | US$26.4b | US$30.8b | US$11.9b | 2.6x | 2.2x | 0.9x |
| Tue, 05 Jul 2022 | US$24.4b | US$29.5b | US$11.6b | 2.6x | 2.1x | 0.8x |
| Thu, 02 Jun 2022 | US$32.7b | US$29.5b | US$11.6b | 3.4x | 2.8x | 1.1x |
| Sat, 30 Apr 2022 | US$32.3b | US$27.4b | US$10.1b | 4.1x | 3.2x | 1.2x |
| Mon, 28 Mar 2022 | US$38.1b | US$27.5b | US$10.0b | 4.7x | 3.8x | 1.4x |
| Wed, 23 Feb 2022 | US$35.8b | US$24.8b | US$7.7b | 4.7x | 4.7x | 1.4x |
| Fri, 21 Jan 2022 | US$31.1b | US$23.1b | US$6.3b | 5.9x | 4.9x | 1.3x |
| Sun, 19 Dec 2021 | US$28.0b | US$23.1b | US$6.3b | 5.5x | 4.4x | 1.2x |
| Tue, 16 Nov 2021 | US$29.2b | US$20.4b | US$4.5b | 6.1x | 6.5x | 1.4x |
| Thu, 14 Oct 2021 | US$29.4b | US$19.0b | US$3.8b | 10.8x | 7.7x | 1.5x |
| Sat, 11 Sep 2021 | US$32.6b | US$19.5b | US$3.4b | 11.4x | 9.5x | 1.7x |
| Mon, 09 Aug 2021 | US$25.8b | US$19.4b | US$3.5b | 9.3x | 7.5x | 1.3x |
Price to Earnings Ratio
8.1x
Current Industry PE
- Investors are optimistic on the American Shipping industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 50.0x which is higher than its 3-year average PE of 12.2x.
- The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have declined 44% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 0.074% | |
| Industrials | -0.64% | |
| Marine and Shipping | 2.12% | |
| Marine | 2.12% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ZIM ZIM Integrated Shipping Services | US$22.17 | 12.8% +US$303.2m | 78.9% | PS0.5x | |
| MATX Matson | US$130.97 | 3.8% +US$164.7m | 68.5% | PE15x | |
| KEX Kirby | US$119.73 | 1.6% +US$112.5m | 55.6% | PE27.7x | |
| GOGL Golden Ocean Group | US$13.80 | 2.1% +US$58.0m | 82.8% | PE14.8x | |
| SBLK Star Bulk Carriers | US$24.38 | 1.2% +US$31.9m | 37.7% | PE13.7x |
