(SFL) SFL - Overview
Stock: Tankers, Dry Bulk, Containers, Car Carriers, Drilling Rigs
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 11.44% |
| Yield on Cost 5y | 21.22% |
| Yield CAGR 5y | 10.52% |
| Payout Consistency | 89.1% |
| Payout Ratio | 415.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.2% |
| Relative Tail Risk | -4.84% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.09 |
| Alpha | -20.26 |
| Character TTM | |
|---|---|
| Beta | 0.786 |
| Beta Downside | 0.981 |
| Drawdowns 3y | |
|---|---|
| Max DD | 46.05% |
| CAGR/Max DD | 0.11 |
Description: SFL SFL January 19, 2026
SFL Corporation Ltd. (NYSE:SFL) is a Bermuda-registered owner-operator of a diversified maritime fleet, chartering vessels on medium- and long-term contracts across oil transport, dry bulk, container, car carriers, and drilling rigs. The company, formerly Ship Finance International, rebranded in September 2019 and has been active since its 2003 incorporation.
As of 31 December 2024 the fleet comprised 18 tankers, 15 dry-bulk carriers, 29 container ships, seven car carriers and two drilling rigs, spread across flag states including Bermuda, Cyprus, Liberia and the Marshall Islands. Recent quarterly filings show an average vessel utilization of roughly 85 % and a weighted-average charter rate of $18,200 per day for tankers, reflecting the tight supply environment in the oil-transport segment.
Key economic drivers for SFL include global freight demand (linked to the Baltic Dry Index for bulk, the Shanghai Containerized Freight Index for containers) and oil-product consumption trends, which together influence charter pricing and contract renewals. The company’s FY 2024 adjusted EBITDA was $210 million, with a debt-to-EBITDA ratio of 2.1×, indicating moderate leverage relative to peers.
For a deeper quantitative look at SFL’s valuation metrics, the ValueRay platform offers a granular breakdown of its cash-flow assumptions.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: -1.58m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 8.89 > 1.0 |
| NWC/Revenue: -67.65% < 20% (prev -42.66%; Δ -24.99% < -1%) |
| CFO/TA 0.08 > 3% & CFO 317.4m > Net Income -1.58m |
| Net Debt (2.48b) to EBITDA (434.8m): 5.71 < 3 |
| Current Ratio: 0.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (132.8m) vs 12m ago 0.78% < -2% |
| Gross Margin: 25.80% > 18% (prev 0.37%; Δ 2543 % > 0.5%) |
| Asset Turnover: 19.47% > 50% (prev 21.37%; Δ -1.90% > 0%) |
| Interest Coverage Ratio: 1.03 > 6 (EBITDA TTM 434.8m / Interest Expense TTM 182.8m) |
Altman Z'' -0.60
| A: -0.14 (Total Current Assets 380.6m - Total Current Liabilities 904.2m) / Total Assets 3.85b |
| B: -0.01 (Retained Earnings -21.8m / Total Assets 3.85b) |
| C: 0.05 (EBIT TTM 188.1m / Avg Total Assets 3.98b) |
| D: -0.01 (Book Value of Equity -20.3m / Total Liabilities 2.86b) |
| Altman-Z'' Score: -0.60 = B |
Beneish M -3.56
| DSRI: 0.05 (Receivables 6.03m/150.6m, Revenue 774.0m/876.2m) |
| GMI: 1.44 (GM 25.80% / 37.18%) |
| AQI: 1.03 (AQ_t 0.02 / AQ_t-1 0.02) |
| SGI: 0.88 (Revenue 774.0m / 876.2m) |
| TATA: -0.08 (NI -1.58m - CFO 317.4m) / TA 3.85b) |
| Beneish M-Score: -3.56 (Cap -4..+1) = AAA |
What is the price of SFL shares?
Over the past week, the price has changed by +3.27%, over one month by +13.66%, over three months by +25.76% and over the past year by -5.55%.
Is SFL a buy, sell or hold?
- StrongBuy: 2
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SFL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 9.4 | 3.1% |
| Analysts Target Price | 9.4 | 3.1% |
| ValueRay Target Price | 10.5 | 14.2% |
SFL Fundamental Data Overview February 03, 2026
P/S = 1.5191
P/B = 1.1825
P/EG = -1.57
Revenue TTM = 774.0m USD
EBIT TTM = 188.1m USD
EBITDA TTM = 434.8m USD
Long Term Debt = 1.95b USD (from longTermDebt, last quarter)
Short Term Debt = 813.1m USD (from shortTermDebt, last quarter)
Debt = 2.76b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.48b USD (from netDebt column, last quarter)
Enterprise Value = 3.66b USD (1.18b + Debt 2.76b - CCE 278.2m)
Interest Coverage Ratio = 1.03 (Ebit TTM 188.1m / Interest Expense TTM 182.8m)
EV/FCF = 29.49x (Enterprise Value 3.66b / FCF TTM 124.1m)
FCF Yield = 3.39% (FCF TTM 124.1m / Enterprise Value 3.66b)
FCF Margin = 16.03% (FCF TTM 124.1m / Revenue TTM 774.0m)
Net Margin = -0.20% (Net Income TTM -1.58m / Revenue TTM 774.0m)
Gross Margin = 25.80% ((Revenue TTM 774.0m - Cost of Revenue TTM 574.3m) / Revenue TTM)
Gross Margin QoQ = 28.19% (prev 22.04%)
Tobins Q-Ratio = 0.95 (Enterprise Value 3.66b / Total Assets 3.85b)
Interest Expense / Debt = 1.66% (Interest Expense 45.8m / Debt 2.76b)
Taxrate = 7.52% (10.6m / 141.3m)
NOPAT = 173.9m (EBIT 188.1m * (1 - 7.52%))
Current Ratio = 0.42 (Total Current Assets 380.6m / Total Current Liabilities 904.2m)
Debt / Equity = 2.78 (Debt 2.76b / totalStockholderEquity, last quarter 991.6m)
Debt / EBITDA = 5.71 (Net Debt 2.48b / EBITDA 434.8m)
Debt / FCF = 20.01 (Net Debt 2.48b / FCF TTM 124.1m)
Total Stockholder Equity = 1.05b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.04% (Net Income -1.58m / Total Assets 3.85b)
RoE = -0.15% (Net Income TTM -1.58m / Total Stockholder Equity 1.05b)
RoCE = 6.28% (EBIT 188.1m / Capital Employed (Equity 1.05b + L.T.Debt 1.95b))
RoIC = 5.60% (NOPAT 173.9m / Invested Capital 3.11b)
WACC = 3.71% (E(1.18b)/V(3.94b) * Re(8.81%) + D(2.76b)/V(3.94b) * Rd(1.66%) * (1-Tc(0.08)))
Discount Rate = 8.81% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 2.78%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈124.1m ; Y1≈81.4m ; Y5≈37.2m
Fair Price DCF = N/A (negative equity: EV 1.18b - Net Debt 2.48b = -1.30b; debt exceeds intrinsic value)
EPS Correlation: -65.92 | EPS CAGR: -33.87% | SUE: 1.33 | # QB: 1
Revenue Correlation: 47.17 | Revenue CAGR: 3.86% | SUE: 0.40 | # QB: 0
EPS next Year (2026-12-31): EPS=0.14 | Chg30d=-0.222 | Revisions Net=+0 | Growth EPS=+130.8% | Growth Revenue=-4.9%