SFL (SFL) Stock Price, News & Analysis

Company Overview

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs. As of December 31, 2023, the company owned seven crude oil carriers, six oil product tankers, 15 dry bulk carriers, 32 container vessels, one jack-up drilling rig, one ultra-deepwater drilling rig, and five car carriers. It primarily operates in Bermuda, Canada, Cyprus, Liberia, Namibia, Norway, Singapore, the United Kingdom, and the Marshall Islands. The company was formerly known as Ship Finance International Limited and changed its name to SFL Corporation Ltd. in September 2019. SFL Corporation Ltd. was founded in 2003 and is based in Hamilton, Bermuda.

Key Stats

• Today's Range: $10.36 to $10.68
• 50-Day Range: $10.07 to $11.77
• 52-Week Range: $10.01 to $14.62
• Volume: 868,295 shs
• Average Volume: 831,267 shs
• Market Capitalization: $1.44 billion
• P/E Ratio: 9.36
• Dividend Yield: 10.39%
• Price Target: $16.00
• Consensus Rating: Buy

SFL Stock Analysis - MarketRank™

SFL scored higher than 56% of companies evaluated by MarketBeat, and ranked 82nd out of 128 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

SFL has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

SFL has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of SFL is 9.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.06.

Price to Earnings Ratio vs. Sector

The P/E ratio of SFL is 9.36, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 13.33.

Price to Book Value per Share Ratio

SFL has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.12% of the float of SFL has been sold short.

Short Interest Ratio / Days to Cover

SFL has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SFL has recently increased by 6.14%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

SFL is a leading dividend payer. It pays a dividend yield of 10.39%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

SFL does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of SFL is 97.30%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.12% of the float of SFL has been sold short.

Short Interest Ratio / Days to Cover

SFL has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SFL has recently increased by 6.14%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: N/A

News Sentiment

SFL has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 1 news article for SFL this week, compared to 4 articles on an average week.

Search Interest

Only 7 people have searched for SFL on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added SFL to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, SFL insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 28.59% of the stock of SFL is held by institutions.

SFL Stock Analysis - Frequently Asked Questions

How have SFL shares performed this year?

SFL's stock was trading at $11.28 at the beginning of the year. Since then, SFL shares have decreased by 7.9% and is now trading at $10.39.
View the best growth stocks for 2024 here.

How were SFL's earnings last quarter?

SFL Co. Ltd. (NYSE:SFL) posted its quarterly earnings data on Wednesday, November, 6th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.03. The firm's revenue for the quarter was up 24.6% on a year-over-year basis.

Who are SFL's major shareholders?

Top institutional shareholders of SFL include State Street Corp (1.50%), Geode Capital Management LLC (1.04%), International Assets Investment Management LLC (0.59%) and Charles Schwab Investment Management Inc. (0.55%).
View institutional ownership trends.

How do I buy shares of SFL?

Shares of SFL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of SFL own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SFL investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Intel (INTC), Netflix (NFLX) and Tesla (TSLA).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/11/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 11/06/2024
• Today: 11/17/2024
• Ex-Dividend for 12/27 Dividend: 12/13/2024
• Dividend Payable: 12/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Oil & Gas Storage & Transportation
• Current Symbol: NYSE:SFL
• CUSIP: G8107510
• CIK: 1289877
• Web: www.sflcorp.com
• Phone: (441) 295-9500
• Fax: 1-441-295-3494
• Employees: 21
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.00
• High Stock Price Target: $16.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +54.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.11
• Trailing P/E Ratio: 9.36
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $83.94 million
• Net Margins: 16.03%
• Pretax Margin: 17.25%
• Return on Equity: 14.61%
• Return on Assets: 4.03%

Debt

• Debt-to-Equity Ratio: 1.93
• Current Ratio: 0.50
• Quick Ratio: 0.50

Sales & Book Value

• Annual Sales: $752.29 million
• Price / Sales: 1.91
• Cash Flow: $2.21 per share
• Price / Cash Flow: 4.70
• Book Value: $8.22 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 138,560,000
• Free Float: N/A
• Market Cap: $1.44 billion
• Optionable: Optionable
• Beta: 0.68