First Ship Lease Trust

SGX:D8DU Stock Report

Market Cap: S$67.2m

First Ship Lease Trust Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Roger Woods

Chief executive officer

US$324.3k

Total compensation

CEO salary percentage90.16%
CEO tenure9.3yrs
CEO ownershipn/a
Management average tenure8.4yrs
Board average tenure8.5yrs

Recent management updates

Recent updates

Analysis Article • Aug 11

First Ship Lease Trust's (SGX:D8DU) Weak Earnings May Only Reveal A Part Of The Whole Picture

The market wasn't impressed with the soft earnings from First Ship Lease Trust ( SGX:D8DU ) recently. We did some...
Analysis Article • Apr 10

First Ship Lease Trust's (SGX:D8DU) Earnings Are Not Doing Enough For Some Investors

First Ship Lease Trust's ( SGX:D8DU ) price-to-earnings (or "P/E") ratio of 5.9x might make it look like a buy right...
Analysis Article • Feb 18

First Ship Lease Trust (SGX:D8DU) Is Posting Promising Earnings But The Good News Doesn’t Stop There

First Ship Lease Trust's ( SGX:D8DU ) stock didn't jump after it announced some healthy earnings. We did some digging...
Analysis Article • Feb 12

These 4 Measures Indicate That First Ship Lease Trust (SGX:D8DU) Is Using Debt Reasonably Well

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Nov 04

Pinning Down First Ship Lease Trust's (SGX:D8DU) P/E Is Difficult Right Now

With a price-to-earnings (or "P/E") ratio of 18.3x First Ship Lease Trust ( SGX:D8DU ) may be sending very bearish...
Analysis Article • Apr 01

We Like These Underlying Return On Capital Trends At First Ship Lease Trust (SGX:D8DU)

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Analysis Article • Feb 22

First Ship Lease Trust's (SGX:D8DU) Anemic Earnings Might Be Worse Than You Think

First Ship Lease Trust's ( SGX:D8DU ) stock showed strength, with investors undeterred by its weak earnings report. We...
Analysis Article • Feb 12

First Ship Lease Trust's (SGX:D8DU) 38% Share Price Surge Not Quite Adding Up

The First Ship Lease Trust ( SGX:D8DU ) share price has done very well over the last month, posting an excellent gain...
Analysis Article • Dec 20

First Ship Lease Trust (SGX:D8DU) Shareholders Will Want The ROCE Trajectory To Continue

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Analysis Article • Oct 20

These 4 Measures Indicate That First Ship Lease Trust (SGX:D8DU) Is Using Debt Safely

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Aug 31

Returns On Capital Are Showing Encouraging Signs At First Ship Lease Trust (SGX:D8DU)

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Analysis Article • Mar 22

Investors Will Want First Ship Lease Trust's (SGX:D8DU) Growth In ROCE To Persist

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Analysis Article • Mar 01

First Ship Lease Trust's (SGX:D8DU) Stock Been Rising But Financials Look Weak: Should Shareholders Be Worried?

Most readers would already know that First Ship Lease Trust's (SGX:D8DU) stock increased by 4.9% over the past three...
Analysis Article • Feb 08

First Ship Lease Trust's (SGX:D8DU) Popularity With Investors Is Under Threat From Overpricing

When close to half the companies in Singapore have price-to-earnings ratios (or "P/E's") below 14x, you may consider...
Analysis Article • Jan 18

First Ship Lease Trust (SGX:D8DU) Has Compensated Shareholders With A 48% Return On Their Investment

While not a mind-blowing move, it is good to see that the First Ship Lease Trust ( SGX:D8DU ) share price has gained...
Analysis Article • Dec 20

Is There More Growth In Store For First Ship Lease Trust's (SGX:D8DU) Returns On Capital?

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Nov 22

First Ship Lease Trust (SGX:D8DU) Has A Rock Solid Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

CEO Compensation Analysis

How has Roger Woods's remuneration changed compared to First Ship Lease Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

US$6m

Mar 31 2026n/an/a

US$6m

Dec 31 2025US$324kUS$292k

US$7m

Compensation vs Market: Roger's total compensation ($USD324.31K) is about average for companies of similar size in the SG market ($USD383.28K).

Compensation vs Earnings: Insufficient data to compare Roger's compensation with company performance.

CEO

Roger Woods (63 yo)

9.3yrs
Tenure
US$324,307
Compensation

Mr. Roger Woods has been the Chief Executive Officer of FSL Trust Management Pte. Ltd. the Trustee Manager of First Ship Lease Trust since May 3, 2017 and served as its Acting Chief Executive Officer since...

Leadership Team

NamePositionTenureCompensationOwnership
Roger Woods
Chief Executive Officer of FSL Trust Management Pte Ltd9.3yrsUS$324.31kno data
Ivy Low
Financial Controller12.7yrsno datano data
Tayalni Nediean
Investor & Public Relations Manager of FSL Trust Management Pte Ltdno datano datano data
Renee Skower
Head of Brand Partnerships8.4yrsno datano data
Grady Edelstein
Head of Partnership Marketing8.4yrsno datano data
Elizabeth Krishnan
Company Secretary of FSL Trust Management Pte. Ltd.no datano datano data
Bridget Boyd
Joint Company Secretary of FSL Trust Management Pte. Ltd.4.4yrsno datano data
8.4yrs
Average Tenure

Experienced Management: D8DU's management team is seasoned and experienced (8.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Siew Geok Ang
Independent & Non-Executive Director1.3yrsUS$16.59kno data
Michael Grenville Gray
Lead Independent Non-Executive Director of FSL Trust Management Pte Ltd11.3yrsUS$43.77k0.23%
SGD 152.0k
Narayanan Sreenivasan
Independent Non-Executive Director of FSL Trust Management Pte Ltd9.9yrsUS$21.88k0.071%
SGD 47.5k
Efstathios Topouzoglou
Non-Independent Non-Executive Chairman of FSL Trust Management Pte Ltd8.5yrsno datano data
Michael Chalkias
Non-Independent Non-Executive Director of FSL Trust Management Pte Ltd8.4yrsno datano data
8.5yrs
Average Tenure
65yo
Average Age

Experienced Board: D8DU's board of directors are considered experienced (8.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/14 10:42
End of Day Share Price 2026/08/14 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Ship Lease Trust is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert BruceCLSA
Joe LiewDeutsche Bank
Harsh Wardhan ModiJ.P. Morgan