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Global Ship Lease, Inc.NYSE:GSL Stock Report

Market Cap US$1.5b
Share Price
US$41.44
US$41.67
0.5% undervalued intrinsic discount
1Y61.6%
7D0.5%
Portfolio Value
View

Global Ship Lease, Inc.

NYSE:GSL Stock Report

Market Cap: US$1.5b

GSL Community Fair Values

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Global Ship Lease, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Global Ship Lease
Historical stock prices
Current Share PriceUS$41.44
52 Week HighUS$42.70
52 Week LowUS$23.95
Beta0.94
1 Month Change7.52%
3 Month Change5.63%
1 Year Change61.56%
3 Year Change130.61%
5 Year Change161.62%
Change since IPO-32.20%

Recent News & Updates

Narrative Update May 04

GSL: Buybacks And Charter Mix Will Shape Future Returns And Risks

Analysts have increased their price target on Global Ship Lease by about $4 per share, citing recent bullish initiations and upgrades that highlight the company’s fleet exposure to longer ton miles and tight vessel supply. Analyst Commentary Recent research has focused on how Global Ship Lease’s vessel mix and contract coverage feed into valuation, execution risk, and growth potential.
Seeking Alpha Apr 23

Global Ship Lease: Own It For The 6% Yield, With More Dividend Hikes On The Horizon (Rating Upgrade)

Summary Global Ship Lease is upgraded to buy, with a fair value target of $50 per share, driven by potential dividend increases and robust contract coverage. GSL boasts $2.24 billion in contracted revenue, 2.7 years average charter duration, and 99%/81% coverage for 2026/2027, ensuring stable earnings despite sector headwinds. The company maintains a strong balance sheet, near net cash, and a conservative 25% payout ratio, with the dividend yield currently above 6% and potential for further increases. Risks include a large sector order book and aging fleet, but GSL’s opportunistic vessel acquisitions and flexible capital allocation provide downside protection and optionality. Read the full article on Seeking Alpha

Recent updates

Narrative Update May 04

GSL: Buybacks And Charter Mix Will Shape Future Returns And Risks

Analysts have increased their price target on Global Ship Lease by about $4 per share, citing recent bullish initiations and upgrades that highlight the company’s fleet exposure to longer ton miles and tight vessel supply. Analyst Commentary Recent research has focused on how Global Ship Lease’s vessel mix and contract coverage feed into valuation, execution risk, and growth potential.
Seeking Alpha Apr 23

Global Ship Lease: Own It For The 6% Yield, With More Dividend Hikes On The Horizon (Rating Upgrade)

Summary Global Ship Lease is upgraded to buy, with a fair value target of $50 per share, driven by potential dividend increases and robust contract coverage. GSL boasts $2.24 billion in contracted revenue, 2.7 years average charter duration, and 99%/81% coverage for 2026/2027, ensuring stable earnings despite sector headwinds. The company maintains a strong balance sheet, near net cash, and a conservative 25% payout ratio, with the dividend yield currently above 6% and potential for further increases. Risks include a large sector order book and aging fleet, but GSL’s opportunistic vessel acquisitions and flexible capital allocation provide downside protection and optionality. Read the full article on Seeking Alpha
Narrative Update Apr 19

GSL: Future Returns Will Depend On Sub 10,000 TEU Exposure Despite Overvaluation

Narrative Update on Global Ship Lease The average analyst price target for Global Ship Lease has moved up by $6, from $42 to $48, with analysts pointing to the company's exposure to sub 10,000 TEU vessels and the associated benefits of longer ton miles and tighter vessel supply as key supports for this updated view. Analyst Commentary Recent research highlights a more optimistic stance on Global Ship Lease, with a higher price target of $48 cited alongside the view that the company is in a "win/win" position over the longer term.
Narrative Update Apr 05

GSL: Sub 10,000 TEU Focus And Longer Ton Miles Will Support Upside

Analysts have raised the 12 month price target on Global Ship Lease to $48 from $42, citing what they view as a solid position for the company given its focus on sub 10,000 TEU vessels and the resulting exposure to longer ton miles and tighter vessel supply. Analyst Commentary Bullish analysts point to the new US$48 price target as a sign of confidence in Global Ship Lease's ability to execute on its current positioning in the containership market.
Narrative Update Mar 22

GSL: Sub 10,000 TEU Focus Will Benefit From Longer Ton Miles

Analysts have lifted their price target on Global Ship Lease to $48 from $42, pointing to what they see as a favorable position for the company's sub-10,000 TEU fleet in light of longer-ton miles and a tighter supply of comparable vessels. Analyst Commentary Bullish analysts have highlighted Global Ship Lease as being in what they describe as a win/win position over the long term, pointing to a mix of fleet profile, market conditions, and contracted exposure as key supports for their higher valuation work.
Narrative Update Mar 07

GSL: Sub 10,000 TEU Fleet And Charter Coverage Will Drive Upside

Narrative Update on Global Ship Lease The analyst price target for Global Ship Lease has been revised to $48 from $42. Analysts attribute the higher target to updated assumptions regarding fair value, discount rate, revenue trends, profit margins, and future P/E.
Narrative Update Feb 21

GSL: Future Returns Will Rely On Below Market Charters Despite Overvaluation

Narrative Update on Global Ship Lease Analysts have kept their $32.00 price target for Global Ship Lease steady, with only minor model tweaks to the discount rate, revenue trend, profit margin and forward P/E assumptions informing this unchanged view. What's in the News Global Ship Lease agreed to acquire three 8,600 TEU, Korean-built containerships with ECO upgrades for a total of US$90 million, expanding its fleet footprint (Key Developments).
Narrative Update Feb 07

GSL: Future Returns Will Depend On Below Market Charters Despite Overvaluation

Analysts have kept their fair value estimate for Global Ship Lease steady at $32.00, with small tweaks to the discount rate, revenue growth assumptions, and future P/E reflecting updated views on risk and profitability rather than a change in their overall price target. What's in the News Global Ship Lease agreed to buy three 8,600 TEU Korean-built containerships with ECO upgrades for a total of $90 million, with delivery expected around year end 2025 (Key Developments).
Narrative Update Jan 24

GSL: Future Returns Will Rely On Below Market Charter Acquisitions

Analysts kept their fair value estimate for Global Ship Lease unchanged at US$32.00 per share, noting only minor adjustments to the discount rate, revenue contraction assumptions, profit margin outlook, and future P/E expectations that were not significant enough to warrant a change in their target. What's in the News Global Ship Lease agreed to purchase three 8,600 TEU Korean built containerships with ECO upgrades for a total of US$90 million, with delivery expected around year end 2025 (Key Developments).
Narrative Update Jan 09

GSL: Future Earnings Will Depend On Below Market Charter Acquisitions

Analysts have maintained Global Ship Lease's fair value estimate at US$32.00, citing slightly softer assumed profit margins and revenue trends, along with a modestly lower discount rate and a future P/E of 6.36x as the key factors behind the unchanged target. What's in the News Global Ship Lease agreed to purchase three 8,600 TEU Korean-built containerships with ECO upgrades for a total of US$90 million, each with attached charters to a leading liner company at below market rates and flexible durations, with latest redeliveries in mid 2030 (Key Developments).
Narrative Update Dec 26

GSL: Fleet Expansion And Below Market Charters Will Drive Future Upside

Analysts have modestly raised their price target on Global Ship Lease to $42.00 per share, citing slightly higher long term discount rates and marginally weaker revenue growth and profit margin assumptions that are nonetheless offset by a small increase in the projected future P/E multiple. What's in the News Acquisition of three 8,600 TEU Korean built containerships with ECO upgrades for a total of $90 million, expanding the fleet to 71 vessels with 422,567 TEU of capacity and expected delivery around year end 2025 (Key Developments) Newly acquired vessels come with attached below market charters to a leading liner company, with flexible durations and latest redeliveries in mid 2030, expected to generate approximately $88 million in aggregate revenue if run to full term (Key Developments) At a through cycle scrap price of $400 per LWT, the three acquired ships are estimated to have a combined scrap value of about $40 million, supporting downside asset value (Key Developments) Update on share repurchase program, with 2,555,075 shares bought back in total, representing 7.1% of shares for $46.98 million under the authorization announced March 24, 2022 (Key Developments) Declaration of a higher third quarter 2025 dividend of $0.625 per Class A common share, payable on or about December 4, 2025 to shareholders of record as of November 21, 2025 (Key Developments) Valuation Changes Fair Value Estimate: unchanged at $42.00 per share, reflecting a stable overall valuation outlook Discount Rate: risen slightly from 11.06% to approximately 11.13%, implying a modestly higher required return Revenue Growth: become slightly more negative, moving from about -8.01% to roughly -8.09% annually in the long term Net Profit Margin: edged down marginally from around 41.99% to about 41.85%, indicating a small reduction in expected profitability Future P/E: increased slightly from 8.25x to approximately 8.31x, supporting the maintained fair value despite softer operating assumptions
Narrative Update Dec 12

GSL: Fleet Expansion And Locked-In Charters Will Support Future Upside

Narrative Update on Global Ship Lease Analysts have maintained their price target for Global Ship Lease at $42.00 per share. They cite a slightly lower discount rate that is offset by expectations for softer revenue growth and modestly lower profit margins, leaving the overall valuation unchanged.
Narrative Update Dec 01

Strategic Initiatives Driving Future Growth for Global Ship Lease (GSL)

Global Ship Lease is executing a disciplined, multi-layered strategy centered on maximizing long-term earnings visibility, strengthening balance sheet flexibility, and positioning the fleet to capture structurally elevated charter rates. The following strategic initiatives underpin GSL’s forward growth trajectory: 1.
Narrative Update Nov 27

GSL: Buybacks And Dividend Stability Will Support Future Performance Amid Modest Shifts

Analysts have maintained their price target for Global Ship Lease at $37.67 per share, citing only minor adjustments to revenue growth projections and discount rates as the basis for this continued valuation. What's in the News Completed the repurchase of 2,555,075 shares, representing 7.1%, for $46.98 million under the buyback announced on March 24, 2022 (Company Filing) 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 shareholders of record as of November 21, 2025 (Company Announcement) Filed a $150 million follow-on equity offering for Depositary Shares, categorized as Depositary Receipt (preferred security), under an at the market offering (Company Filing) Filed a $100 million follow-on equity offering for Class A Common Shares, categorized as common stock, under an at the market offering (Company Filing) Completed a $150 million follow-on equity offering for Depositary Shares, categorized as Depositary Receipt (preferred security), under an at the market offering (Company Filing) Valuation Changes Consensus Analyst Price Target remains unchanged at $37.67 per share.
Narrative Update Nov 12

GSL: Future Margins And Lower Risk Will Offset Slower Revenue

Analysts have raised their price target for Global Ship Lease from $35.67 to $37.67. They cite adjustments in discount rate and improved profit margin expectations, which offset slower revenue growth forecasts.
Narrative Update Aug 07

Midsize Container Ships Will Improve Efficiency Despite Market Headwinds

With both revenue growth forecasts and future P/E holding steady, analysts see no material change in Global Ship Lease's outlook, leaving the consensus price target unchanged at $35.67. What's in the News The company completed its share repurchase program, buying back 2,555,075 shares (7.1% of outstanding shares) for $46.98 million under the plan announced in March 2022.
Analysis Article May 22

Global Ship Lease, Inc.'s (NYSE:GSL) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Global Ship Lease, Inc. ( NYSE:GSL ) shareholders would be excited to see that the share price has had a great month...
Analysis Article May 15

Is Global Ship Lease (NYSE:GSL) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha Apr 15

Global Ship Lease: A High Yield Opportunity Amid Market Turmoil

Summary Global Ship Lease (NYSE:GSL) offers a compelling investment opportunity with a 10% yield, trading below fair value due to recent market turmoil. GSL's stable, predictable cash flow is backed by long-term contracts with top-tier counterparts, ensuring resilience amid market volatility. The company's strong financial position, with significant debt reduction and increasing dividends, highlights its commitment to shareholder returns. With a fair value above $26 per share and a potential 30% upside, GSL is an attractive buy during market sell-offs. Read the full article on Seeking Alpha
Seeking Alpha Jan 20

Global Ship Lease: 8%+ Yield, Still Very Undervalued

Summary GSL offers high yield income with $1.8B in contracted revenues and a well-covered dividend yield of 8.42%. GSL's strategic focus on mid-size and smaller container ships, including high-reefer vessels, positions it well in the market. Despite recent price declines, GSL's strong earnings, declining debt leverage, and low valuations make it a speculative Buy. Risks include geopolitical factors, economic recessions, and fluctuating shipping rates, but GSL's fundamentals remain solid. Read the full article on Seeking Alpha
Seeking Alpha Jan 07

Global Ship Lease: Undervalued In Current Market

Summary GSL has a strong balance sheet, a professional management team, and pays a healthy 7% dividend. Global Ship Lease is trading well below its 52-week-high. This is in spite of the fact that the Harpex Index is currently at a 2-year-high. The Company is adding ships and increasing backlog in a firm leasing market. I believe it has significant upside from here and rate it a 'Strong Buy' at the current price. Read the full article on Seeking Alpha
Seeking Alpha Dec 16

Global Ship Lease: Common Shares Are Getting More Interesting Than Preferreds

Summary GSL's preferred shares are trading at a pretty substantial premium to their $25 call value. The common shares lost 30% of their value in the past few quarters. Although (container) shipping remains very cyclical, I'm warming up again to the common shares. Read the full article on Seeking Alpha
Analysis Article Nov 14

Global Ship Lease (NYSE:GSL) Is Due To Pay A Dividend Of $0.45

Global Ship Lease, Inc. ( NYSE:GSL ) will pay a dividend of $0.45 on the 4th of December. The payment will take the...
Analysis Article Oct 30

Why Global Ship Lease, Inc. (NYSE:GSL) Could Be Worth Watching

Global Ship Lease, Inc. ( NYSE:GSL ), might not be a large cap stock, but it saw significant share price movement...
User avatar
New Narrative Sep 24

Thriving In Uncertainty With Strategy, Risks On Horizon For Shipping Giant

Geopolitical tensions leading to rerouting and increased freight rates positively impact revenue growth and enhance future earnings predictability.
Analysis Article Sep 09

Is Global Ship Lease, Inc. (NYSE:GSL) Worth US$23.1 Based On Its Intrinsic Value?

Key Insights Global Ship Lease's estimated fair value is US$18.97 based on Dividend Discount Model Current share price...
Seeking Alpha Sep 06

Global Ship Lease: Raised Dividend By 20%, Very Undervalued

Summary Global Ship Lease has secured long-term fixed charter rates, providing income investors with dividend visibility, and has $1.8B in contracts covering 2.2 years. GSL's Q2 '24 results show strong financial performance with increases in net income, EBITDA, and EPS, alongside a decrease in interest expense. GSL's dividend yield is enhanced by a new supplemental dividend, and the company has improved its debt leverage and credit ratings significantly. GSL is rated a Buy due to its strong earnings, attractive dividend yield, and substantial undervaluation compared to industry averages. Read the full article on Seeking Alpha
Analysis Article Aug 17

Global Ship Lease (NYSE:GSL) Is Increasing Its Dividend To $0.45

The board of Global Ship Lease, Inc. ( NYSE:GSL ) has announced that it will be paying its dividend of $0.45 on the 4th...
Seeking Alpha Jul 17

Global Ship Lease: Most Likely Still Marginally Undervalued, A Moderate Buy

Summary Global Ship Lease stock appears undervalued by various valuation methods, with potential intrinsic values ranging from $30 to $90+. GSL's financials show robust growth, with increasing revenues, EBITDA, and free cash flows, exceeding EPS forecasts in eighteen of the last twenty quarters. Despite concerns about the stock price being at recent highs, GSL remains objectively undervalued, benefits from recent trends, and offers a generous dividend yield of over 5%. Read the full article on Seeking Alpha
Analysis Article Jul 11

Global Ship Lease (NYSE:GSL) Knows How To Allocate Capital Effectively

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha Jul 04

Global Ship Lease, Inc. Might Have Already Sailed

Summary Global Ship Lease, Inc. is rated a Hold or a Moderate Buy opportunity. It shows growing earnings and revenue but the share price is already near its 52-week high. The company owns and operates 68 mid and small containerships, benefitting from rising shipping demand and a worldwide shortage of containers. The maritime industry and company face risks from geopolitical tensions and sputtering economies which are expected to lead to lower earnings per share in the next two years. Read the full article on Seeking Alpha
Analysis Article Jun 25

Is Global Ship Lease (NYSE:GSL) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Jun 06

Global Ship Lease, Inc. (NYSE:GSL) Stock Catapults 28% Though Its Price And Business Still Lag The Market

Global Ship Lease, Inc. ( NYSE:GSL ) shares have continued their recent momentum with a 28% gain in the last month...
Analysis Article Jun 01

We Like Global Ship Lease's (NYSE:GSL) Earnings For More Than Just Statutory Profit

Global Ship Lease, Inc. ( NYSE:GSL ) announced a healthy earnings result recently, and the market rewarded it with a...
Analysis Article May 13

Global Ship Lease (NYSE:GSL) Is Due To Pay A Dividend Of $0.375

The board of Global Ship Lease, Inc. ( NYSE:GSL ) has announced that it will pay a dividend on the 3rd of June, with...
Seeking Alpha Apr 18

Global Ship Lease Stock Looks Good, But I Have Some Concerns (Rating Downgrade)

Summary Global Ship Lease's balance sheet is strong, the leverage is steadily decreasing, and the contract revenues are sufficient for solid FCF generation in the coming quarters. However, I'm concerned that the current undervaluation may be justified, as new ships will soon be coming onto the market. The current dividend yield of 7% looks good but does not provide a sufficient margin of safety in my opinion. I decided to downgrade GSL to "Hold" and recommend that investors write call options or trim their existing long position. Read the full article on Seeking Alpha
Seeking Alpha Mar 25

Global Ship Lease: Predictable 7% Dividend, But Aging Fleet Is A Concern

Summary Global Ship Lease, a containership lessor with a fleet of 68 intermediate-sized ships, recently reported better-than-expected earnings and continued its 12-quarter streak of dividends. Its long contract backlog with staggered expirations provides some shielding against market fluctuations. As of 2023, Global's fleet is, on average, more than 17 years old. Global will need to renew its fleet, as it will soon have scrapping candidates. Read the full article on Seeking Alpha
Seeking Alpha Mar 12

Global Ship Lease: Time To Sell The Preferreds (And Buy The Common Shares)

Summary Global Ship Lease has a fleet of 68 containerships and is benefiting from surging charter rates in the Red Sea region. The company's financial results show strong profitability and a robust net income performance. The preferred shares of Global Ship Lease are no longer attractive due to the risk of being called and resulting in a capital loss. Read the full article on Seeking Alpha
Analysis Article Mar 05

Global Ship Lease's (NYSE:GSL) Returns On Capital Are Heading Higher

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Analysis Article Feb 16

Global Ship Lease (NYSE:GSL) Is Due To Pay A Dividend Of $0.375

Global Ship Lease, Inc. ( NYSE:GSL ) has announced that it will pay a dividend of $0.375 per share on the 6th of March...
Seeking Alpha Feb 14

Global Ship Lease: Is 7% Dividend Yield Worth Given Cyclical Industry?

Summary Global trade is facing a shift in trade patterns due to geopolitics and economics, potentially entering an era of "deglobalization.". Despite high short-term dividend yields, GSL has generated relatively limited free cash flows in the past 11 years as large replacement capex investments were needed. Global Ship Lease may face a potential decline in profitability and heightened uncertainty due to industry oversupply, and I do not see a strong value case for investing in the Company. If Asian shipyards are disrupted by the supply equation, GSL could be very interesting as it could face long-term improvements in the supply/demand equation. Read the full article on Seeking Alpha

Shareholder Returns

GSLUS ShippingUS Market
7D0.5%1.1%-0.3%
1Y61.6%48.5%26.7%

Return vs Industry: GSL exceeded the US Shipping industry which returned 48.5% over the past year.

Return vs Market: GSL exceeded the US Market which returned 26.7% over the past year.

Price Volatility

Is GSL's price volatile compared to industry and market?
GSL volatility
GSL Average Weekly Movement4.3%
Shipping Industry Average Movement6.4%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: GSL has not had significant price volatility in the past 3 months compared to the US market.

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

About the Company

FoundedEmployeesCEOWebsite
20077Tom Listerwww.globalshiplease.com

Global Ship Lease, Inc., together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 12, 2026, it owned 71 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 423,003 TEU. The company was formerly known as Marathon Acquisition Corp. and changed its name to Global Ship Lease, Inc. in August 2008.

Global Ship Lease, Inc. Fundamentals Summary

How do Global Ship Lease's earnings and revenue compare to its market cap?
GSL fundamental statistics
Market capUS$1.45b
Earnings (TTM)US$406.92m
Revenue (TTM)US$752.97m
3.7x
P/E Ratio
2.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GSL income statement (TTM)
RevenueUS$752.97m
Cost of RevenueUS$233.56m
Gross ProfitUS$519.41m
Other ExpensesUS$112.49m
EarningsUS$406.92m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 22, 2026

Earnings per share (EPS)11.29
Gross Margin68.98%
Net Profit Margin54.04%
Debt/Equity Ratio26.9%

How did GSL perform over the long term?

See historical performance and comparison

Dividends

6.0%
Current Dividend Yield
20%
Payout Ratio

Does GSL pay a reliable dividends?

See GSL dividend history and benchmarks
When do you need to buy GSL by to receive an upcoming dividend?
Global Ship Lease dividend dates
Ex Dividend DateMay 22 2026
Dividend Pay DateJun 03 2026
Days until Ex dividend1 day
Days until Dividend pay date13 days

Does GSL pay a reliable dividends?

See GSL dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 04:44
End of Day Share Price 2026/05/20 00:00
Earnings2025/12/31
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

Global Ship Lease, Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Liam BurkeB. Riley Securities, Inc.
Fredrik DybwadFearnley Securities
Omar NoktaJefferies LLC