Amount
Latest price
$6.94
(£1.00 = $1.335)
Number of shares (est.)
0
Market Cap
$1.038B
P/E ratio
28.37
EPS
$0.253
Beta
0.48
Dividend rate
$1.08
Dividend yield
15.04%
SFL Corporation Ltd. is a Bermuda-based company, which is primarily engaged in the ownership and operation of vessels and offshore related assets, and involved in the charter, purchase, and sale of assets. The Company is involved in ship ownership and chartering, with a diversified asset base across maritime, shipping, and offshore sectors. Its assets include approximately 18 tankers, 15 dry bulk carriers, 29 container vessels, two drilling rigs, and seven car carriers. Its vessels include SFL Yangtze, SFL Yukon, SFL Sara, SFL Kate, SFL Humber, SFL Hudson, Arabian Sea, Thor Highway, Odin Highway, Maersk Pelepas, Maersk Phuket Maersk, Linus, SFL Puma, SFL Panther, Semi-submersible, SFL Albany, SFL Fraser, among others. It also holds partial ownership in approximately four leased-in container vessels. Its subsidiaries include SFL Management AS, SFL UK Management Ltd, SFL Management (Bermuda) Limited, SFL Management (Singapore) Pte. Ltd., among others.
CEO
Mr. Ole Bjarte Hjertaker
Employees
24
Sector
Logistics
Company HQ
HAMILTON, Bermuda
Website
SFL Corporation recently cut its dividend to $0.20 due to soft Q2 results, idle Hercules rig, and vessel sales reducing cash flow. Despite a high 10.3% yield, SFL's dividend coverage is tighter, with high interest expenses and EBITDA estimates at soft levels in the coming years. Valuation appears cheap on book but less attractive on forward cash flow; mid-9x EV/EBITDA isn't compelling given rising leverage and idle assets.
SFL's dividend cut and vessel sales have left the company highly dependent on re-contracting the Hercules rig for future cash flow stability. The Hercules remains idle, incurring high costs, with its next contract opportunity likely not until mid-2026 amid uncertain oil market dynamics. Fleet downsizing and reduced segment earnings have pushed SFL to a near breakeven free cash flow position, raising the risk of further dividend cuts.
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