Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$24.29|
|52 Week High||US$6.07|
|52 Week Low||US$25.44|
|1 Month Change||22.06%|
|3 Month Change||16.50%|
|1 Year Change||300.17%|
|3 Year Change||176.02%|
|5 Year Change||82.91%|
|Change since IPO||-60.26%|
Recent News & Updates
Global Ship Lease's Preferred Shares: A Bet On Them Not Being Called
Global Ship Lease will see its EBITDA explode in H2 and FY 2022. The net income and free cash flow will increase. I like the risk/reward of the preferred shares of Global Ship, where retiring the preferred shares right away is the biggest risk. The downside risk appears to be very limited.
Global Ship Lease's (NYSE:GSL) Returns Have Hit A Wall
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
|GSL||US Shipping||US Market|
Return vs Industry: GSL exceeded the US Shipping industry which returned 137.6% over the past year.
Return vs Market: GSL exceeded the US Market which returned 35.3% over the past year.
Stable Share Price: GSL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: GSL's weekly volatility (7%) has been stable over the past year.
About the Company
Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2021, it owned 43 mid-sized and smaller containerships with an aggregate capacity of 245,280 twenty-foot equivalent units. The company is based in London, the United Kingdom.
Global Ship Lease Fundamentals Summary
|GSL fundamental statistics|
Is GSL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GSL income statement (TTM)|
|Cost of Revenue||US$114.42m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.18|
|Net Profit Margin||14.40%|
How did GSL perform over the long term?See historical performance and comparison
4.1%Current Dividend Yield
Is Global Ship Lease undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GSL ($24.29) is trading below our estimate of fair value ($306.7)
Significantly Below Fair Value: GSL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GSL is poor value based on its PE Ratio (20.6x) compared to the US Shipping industry average (11x).
PE vs Market: GSL is poor value based on its PE Ratio (20.6x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: GSL is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: GSL is overvalued based on its PB Ratio (1.5x) compared to the US Shipping industry average (1.1x).
How is Global Ship Lease forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GSL's forecast earnings growth (102.4% per year) is above the savings rate (2%).
Earnings vs Market: GSL's earnings (102.4% per year) are forecast to grow faster than the US market (14.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GSL's revenue (42.4% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: GSL's revenue (42.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GSL's Return on Equity is forecast to be high in 3 years time
How has Global Ship Lease performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GSL has high quality earnings.
Growing Profit Margin: GSL's current net profit margins (14.4%) are higher than last year (4.6%).
Past Earnings Growth Analysis
Earnings Trend: GSL has become profitable over the past 5 years, growing earnings by 40.5% per year.
Accelerating Growth: GSL's earnings growth over the past year (233.4%) exceeds its 5-year average (40.5% per year).
Earnings vs Industry: GSL earnings growth over the past year (233.4%) underperformed the Shipping industry 359.5%.
Return on Equity
High ROE: GSL's Return on Equity (10.8%) is considered low.
How is Global Ship Lease's financial position?
Financial Position Analysis
Short Term Liabilities: GSL's short term assets ($183.8M) exceed its short term liabilities ($128.8M).
Long Term Liabilities: GSL's short term assets ($183.8M) do not cover its long term liabilities ($730.6M).
Debt to Equity History and Analysis
Debt Level: GSL's debt to equity ratio (138.4%) is considered high.
Reducing Debt: GSL's debt to equity ratio has increased from 109.3% to 138.4% over the past 5 years.
Debt Coverage: GSL's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: GSL's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Global Ship Lease current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GSL's dividend (4.12%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: GSL's dividend (4.12%) is in the top 25% of dividend payers in the US market (3.6%)
Stability and Growth of Payments
Stable Dividend: GSL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GSL has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.5%), GSL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ian Webber (63 yo)
Mr. Ian J. Webber has been the Chief Executive Officer of Global Ship Lease, Inc. (formerly GSL Holdings, Inc.) since August 2008. Mr. Webber served as Partner of PriceWaterhouse for many years and was emp...
Experienced Management: GSL's management team is considered experienced (2.8 years average tenure).
Experienced Board: GSL's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 101.3%.
Global Ship Lease, Inc.'s employee growth, exchange listings and data sources
- Name: Global Ship Lease, Inc.
- Ticker: GSL
- Exchange: NYSE
- Founded: NaN
- Industry: Marine
- Sector: Transportation
- Market Cap: US$879.706m
- Shares outstanding: 36.22m
- Website: https://www.globalshiplease.com
Number of Employees
- Global Ship Lease, Inc.
- 25 Wilton Road
- Greater London
- SW1V 1LW
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 22:10|
|End of Day Share Price||2021/09/24 00:00|
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.