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SFL

SFLNYSE:SFL Stock Report

Market Cap

US$1.0b

7D

6.5%

1Y

7.9%

Updated

27 Sep, 2021

Data

Company Financials +
SFL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health1/6
Dividends3/6

SFL Overview

SFL Corporation Ltd. engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

SFL Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SFL
Historical stock prices
Current Share PriceUS$8.15
52 Week HighUS$5.85
52 Week LowUS$9.05
Beta1.15
1 Month Change0.99%
3 Month Change6.82%
1 Year Change7.95%
3 Year Change-41.66%
5 Year Change-44.22%
Change since IPO-32.65%

Recent News & Updates

Shareholder Returns

SFLUS Oil and GasUS Market
7D6.5%3.9%0.1%
1Y7.9%72.7%35.3%

Return vs Industry: SFL underperformed the US Oil and Gas industry which returned 72.7% over the past year.

Return vs Market: SFL underperformed the US Market which returned 35.3% over the past year.

Price Volatility

Is SFL's price volatile compared to industry and market?
SFL volatility
SFL Beta1.15
Industry Beta1.82
Market Beta1

Stable Share Price: SFL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SFL's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200314Ole Hjertakerhttps://www.sflcorp.com

SFL Corporation Ltd. engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. It is also involved in the charter, purchase, and sale of assets. In addition, the company operates in various sectors of the maritime, and shipping and offshore industry, including oil transportation, dry bulk shipments, chemical transportation, oil product transportation, container transportation, car transportation, and drilling rigs.

SFL Fundamentals Summary

How do SFL's earnings and revenue compare to its market cap?
SFL fundamental statistics
Market CapUS$1.01b
Earnings (TTM)-US$98.26m
Revenue (TTM)US$452.19m

2.3x

P/S Ratio

-10.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SFL income statement (TTM)
RevenueUS$452.19m
Cost of RevenueUS$148.76m
Gross ProfitUS$303.43m
ExpensesUS$401.69m
Earnings-US$98.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 30, 2021

Earnings per share (EPS)-0.78
Gross Margin67.10%
Net Profit Margin-21.73%
Debt/Equity Ratio188.2%

How did SFL perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

-69%

Payout Ratio

Valuation

Is SFL undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SFL ($7.93) is trading below our estimate of fair value ($58.18)

Significantly Below Fair Value: SFL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SFL is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: SFL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SFL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SFL is good value based on its PB Ratio (1.1x) compared to the US Oil and Gas industry average (1.9x).


Future Growth

How is SFL forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

29.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SFL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: SFL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SFL's is expected to become profitable in the next 3 years.

Revenue vs Market: SFL's revenue (2.8% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: SFL's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SFL's Return on Equity is forecast to be low in 3 years time (11.2%).


Past Performance

How has SFL performed over the past 5 years?

-56.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SFL is currently unprofitable.

Growing Profit Margin: SFL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SFL is unprofitable, and losses have increased over the past 5 years at a rate of 56.3% per year.

Accelerating Growth: Unable to compare SFL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SFL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.4%).


Return on Equity

High ROE: SFL has a negative Return on Equity (-10.9%), as it is currently unprofitable.


Financial Health

How is SFL's financial position?


Financial Position Analysis

Short Term Liabilities: SFL's short term assets ($496.8M) exceed its short term liabilities ($460.2M).

Long Term Liabilities: SFL's short term assets ($496.8M) do not cover its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: SFL's debt to equity ratio (188.2%) is considered high.

Reducing Debt: SFL's debt to equity ratio has increased from 153.8% to 188.2% over the past 5 years.

Debt Coverage: SFL's debt is not well covered by operating cash flow (16.4%).

Interest Coverage: SFL's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Dividend

What is SFL current dividend yield, its reliability and sustainability?

7.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SFL's dividend (7.57%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: SFL's dividend (7.57%) is in the top 25% of dividend payers in the US market (3.6%)


Stability and Growth of Payments

Stable Dividend: SFL's dividend payments have been volatile in the past 10 years.

Growing Dividend: SFL's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: SFL is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: SFL's dividends in 3 years are forecast to be covered by earnings (61.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Ole Hjertaker (54 yo)

12.17yrs

Tenure

Mr. Ole Bjarte Hjertaker serves as Director of SFL Corporation Ltd. since October 28, 2019. Mr. Hjertaker has been the Chief Executive Officer of SFL Management AS, a subsidiary of SFL Corporation Ltd.sin...


Leadership Team

Experienced Management: SFL's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: SFL's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.5%.


Top Shareholders

Company Information

SFL Corporation Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: SFL Corporation Ltd.
  • Ticker: SFL
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$1.005b
  • Shares outstanding: 126.79m
  • Website: https://www.sflcorp.com

Number of Employees


Location

  • SFL Corporation Ltd.
  • Par-la-Ville Place
  • 14 Par-la-Ville Road
  • Hamilton
  • HM 08
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 22:19
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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 here.