Global Ship Lease, Inc. - Understand $gsl stock

$GSL Market Cap: $791.9 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$707.5M

TTM

Gross Margin

70.17%

TTM

Net Earnings

$318.6M

TTM

Current Assets

$419.3M

Q3 2024

Current Liabilities

$255.5M

Q3 2024

Current Ratio

164.09%

Q3 2024

Total Assets

$2.238B

Q3 2024

Total Liabilities

$850.6M

Q3 2024

Book Value

$1.387B

Q3 2024

Cash

$260.5M

Q3 2024

P/E

2.486

Nov 29, 2024 EST

Free Cash Flow

$380.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$674.8M	$645.6M	$448.0M	$282.8M	$261.1M	$157.1M	$159.3M	$166.8M	$164.9M	$138.6M	$143.2M	$153.2M	$156.3M	$158.8M	$148.7M
YoY Change	4.51%	44.13%	58.4%	8.31%	66.2%	-1.38%	-4.5%	1.15%	18.98%	-3.21%	-6.53%	-1.98%	-1.57%	6.79%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$674.8M	$645.6M	$448.0M	$282.8M	$261.1M	$157.1M	$159.3M	$166.8M	$164.9M	$138.6M	$143.2M	$153.2M	$156.3M	$158.8M	$148.7M
Cost Of Revenue	$202.8M	$188.6M	$143.4M	$114.0M	$96.80M	$50.80M	$43.70M	$46.10M	$50.10M	$48.80M	$46.00M	$45.60M	$45.50M	$42.10M	$41.40M
Gross Profit	$472.0M	$457.0M	$304.6M	$168.8M	$164.3M	$106.3M	$115.6M	$120.8M	$114.8M	$89.80M	$97.20M	$107.6M	$110.8M	$116.8M	$107.3M
Gross Profit Margin	69.95%	70.79%	67.99%	59.69%	62.93%	67.66%	72.57%	72.42%	69.62%	64.79%	67.88%	70.23%	70.89%	73.55%	72.16%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$18.22M	$18.53M	$13.24M	$8.400M	$8.800M	$9.200M	$5.400M	$6.200M	$6.500M	$7.000M	$6.000M	$5.800M	$7.400M	$8.300M	$8.700M
YoY Change	-1.67%	39.92%	57.62%	-4.55%	-4.35%	70.37%	-12.9%	-4.62%	-7.14%	16.67%	3.45%	-21.62%	-10.84%	-4.6%
% of Gross Profit	3.86%	4.05%	4.35%	4.98%	5.36%	8.65%	4.67%	5.13%	5.66%	7.8%	6.17%	5.39%	6.68%	7.11%	8.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$91.73M	$81.30M	$61.56M	$47.00M	$43.90M	$35.50M	$38.00M	$42.80M	$44.90M	$41.10M	$40.40M	$40.30M	$40.10M	$40.10M	$37.30M
YoY Change	12.82%	32.06%	30.99%	7.06%	23.66%	-6.58%	-11.21%	-4.68%	9.25%	1.73%	0.25%	0.5%	0.0%	7.51%
% of Gross Profit	19.43%	17.79%	20.21%	27.84%	26.72%	33.4%	32.87%	35.43%	39.11%	45.77%	41.56%	37.45%	36.19%	34.33%	34.76%
Operating Expenses	$109.9M	$99.83M	$74.80M	$55.40M	$52.70M	$44.80M	$43.30M	$49.00M	$50.90M	$47.60M	$46.10M	$45.80M	$47.20M	$47.90M	$45.60M
YoY Change	10.13%	33.46%	35.02%	5.12%	17.63%	3.46%	-11.63%	-3.73%	6.93%	3.25%	0.66%	-2.97%	-1.46%	5.04%
Operating Profit	$343.2M	$357.2M	$229.7M	$113.4M	$111.6M	$61.50M	$72.30M	$71.80M	$63.90M	$42.20M	$51.10M	$61.80M	$63.60M	$68.90M	$61.70M
YoY Change	-3.92%	55.48%	102.6%	1.61%	81.46%	-14.94%	0.7%	12.36%	51.42%	-17.42%	-17.31%	-2.83%	-7.69%	11.67%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	-$35.05M	-$72.78M	-$68.78M	-$64.40M	-$73.20M	-$47.30M	-$58.90M	-$44.60M	-$48.10M	-$44.70M	-$18.50M	-$29.80M	-$40.80M	-$55.70M	-$18.90M
YoY Change	-51.84%	5.81%	6.8%	-12.02%	54.76%	-19.69%	32.06%	-7.28%	7.61%	141.62%	-37.92%	-26.96%	-26.75%	194.71%
% of Operating Profit	-10.21%	-20.37%	-29.94%	-56.79%	-65.59%	-76.91%	-81.47%	-62.12%	-75.27%	-105.92%	-36.2%	-48.22%	-64.15%	-80.84%	-30.63%
Other Income/Expense, Net	-$38.27M	$11.47M	$2.812M	$1.300M	$1.500M	$200.0K	$100.0K	$200.0K	$0.00	-$2.800M	-$14.00M	-$18.40M	-$19.40M	-$16.70M	-$13.10M
YoY Change	-433.74%	307.79%	116.31%	-13.33%	650.0%	100.0%	-50.0%		-100.0%	-80.0%	-23.91%	-5.15%	16.17%	27.48%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$304.9M	$292.9M	$171.6M	$41.60M	$39.80M	-$57.30M	-$74.20M	-$65.00M	-$28.80M	$6.200M	$32.60M	$32.10M	$9.100M	-$3.900M	$42.80M
YoY Change	4.12%	70.72%	312.38%	4.52%	-169.46%	-22.78%	14.15%	125.69%	-564.52%	-80.98%	1.56%	252.75%	-333.33%	-109.11%
Income Tax	$448.0K	-$50.00K	$56.00K	$0.00	$0.00	$100.0K	$0.00	$0.00	$0.00	$100.0K	$100.0K	$100.0K	$100.0K	$100.0K	$400.0K
% Of Pretax Income	0.15%	-0.02%	0.03%	0.0%	0.0%					1.61%	0.31%	0.31%	1.1%		0.93%
Net Earnings	$304.5M	$283.4M	$171.5M	$41.60M	$39.80M	-$57.40M	-$74.30M	-$65.10M	-$28.90M	$6.100M	$32.50M	$31.90M	$9.100M	-$4.000M	$42.40M
YoY Change	7.45%	65.25%	312.25%	4.52%	-169.34%	-22.75%	14.13%	125.26%	-573.77%	-81.23%	1.88%	250.55%	-327.5%	-109.43%
Net Earnings / Revenue	45.12%	43.89%	38.28%	14.71%	15.24%	-36.54%	-46.64%	-39.03%	-17.53%	4.4%	22.7%	20.82%	5.82%	-2.52%	28.51%
Basic Earnings Per Share
Diluted Earnings Per Share	$8.33	$7.74	$4.830M	$2.337M	$3.345M	-$7.757M	-$10.77M	-$9.435M	-$4.188M	$884.1K	$4.710M	$4.623M	$1.319M	-$588.2K	$6.235M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$152.6M	$128.7M	$75.18M	$80.80M	$138.0M	$82.10M	$73.30M	$54.20M	$53.60M	$33.30M	$24.50M	$26.10M	$25.80M	$28.40M	$30.80M	$26.40M
YoY Change	18.62%	71.16%	-6.96%	-41.45%	68.09%	12.01%	35.24%	1.12%	60.96%	35.92%	-6.13%	1.16%	-9.15%	-7.79%	16.67%
Cash & Equivalents	$138.6M	$120.1M	$67.28M	$80.80M	$138.0M	$82.10M	$73.30M	$54.20M	$53.60M	$33.30M	$24.50M	$26.10M	$25.80M	$28.40M	$30.80M	$26.40M
Short-Term Investments	$14.00M	$8.550M	$7.900M
Other Short-Term Assets	$121.9M	$91.77M	$50.65M	$7.600M	$12.00M	$8.400M	$1.300M	$1.100M	$1.100M	$600.0K	$6.700M	$2.300M	$4.900M	$5.000M	$4.900M	$4.400M
YoY Change	32.83%	81.19%	566.46%	-36.67%	42.86%	546.15%	18.18%	0.0%	83.33%	-91.04%	191.3%	-53.06%	-2.0%	2.04%	11.36%
Inventory	$15.76M	$12.24M	$11.41M	$6.300M	$5.600M	$5.800M	$700.0K	$600.0K	$600.0K	$600.0K
Prepaid Expenses
Receivables	$4.741M	$3.684M	$3.220M	$2.500M	$2.400M	$1.900M	$100.0K	$0.00	$1.600M	$1.200M	$7.000M	$14.40M	$13.90M	$7.300M	$7.800M	$600.0K
Other Receivables	$626.0K	$673.0K	$2.897M	$1.500M	$3.800M	$800.0K	$1.900M	$1.000M	$700.0K	$1.000M	$100.0K	$1.200M	$900.0K	$300.0K	$700.0K	$1.500M
Total Short-Term Assets	$295.7M	$237.0M	$143.4M	$98.60M	$161.9M	$99.00M	$77.40M	$56.90M	$57.60M	$36.70M	$38.40M	$44.00M	$45.50M	$41.00M	$44.20M	$32.90M
YoY Change	24.73%	65.35%	45.39%	-39.1%	63.54%	27.91%	36.03%	-1.22%	56.95%	-4.43%	-12.73%	-3.3%	10.98%	-7.24%	34.35%
Property, Plant & Equipment	$1.664B	$1.623B	$1.683B	$1.141B	$1.156B	$1.113B	$586.5M	$719.1M	$846.9M	$836.5M	$817.9M	$856.4M	$890.3M	$922.5M	$978.0M	$922.6M
YoY Change	2.51%	-3.54%	47.54%	-1.3%	3.85%	89.74%	-18.44%	-15.09%	1.24%	2.27%	-4.5%	-3.81%	-3.49%	-5.67%	6.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$212.0M	$245.9M	$167.9M	$35.00M	$32.90M	$16.30M	$11.30M	$200.0K	$300.0K	$400.0K	$1.900M	$3.200M	$3.600M	$3.900M	$5.200M	$3.200M
YoY Change	-13.77%	46.4%	379.83%	6.38%	101.84%	44.25%	5550.0%	-33.33%	-25.0%	-78.95%	-40.63%	-11.11%	-7.69%	-25.0%	62.5%
Total Long-Term Assets	$1.876B	$1.869B	$1.851B	$1.176B	$1.190B	$1.135B	$598.5M	$719.4M	$847.3M	$837.0M	$819.8M	$859.7M	$894.0M	$940.0M	$983.2M	$933.7M
YoY Change	0.37%	0.99%	57.43%	-1.2%	4.88%	89.56%	-16.81%	-15.1%	1.23%	2.1%	-4.64%	-3.84%	-4.89%	-4.39%	5.3%
Total Assets	$2.172B	$2.106B	$1.994B	$1.274B	$1.352B	$1.234B	$675.9M	$776.3M	$904.9M	$873.7M	$858.2M	$903.7M	$939.5M	$981.0M	$1.027B	$966.6M
YoY Change
Accounts Payable	$17.60M	$22.76M	$8.260M	$10.10M	$9.200M	$12.90M	$4.300M	$2.300M	$600.0K	$2.100M	$1.300M	$5.400M	$1.300M	$1.400M	$3.500M	$0.00
YoY Change	-22.65%	175.48%	-18.22%	9.78%	-28.68%	200.0%	86.96%	283.33%	-71.43%	61.54%	-75.93%	315.38%	-7.14%	-60.0%
Accrued Expenses	$28.54M	$36.04M	$32.25M	$19.10M	$22.90M	$15.40M	$8.800M	$11.70M	$15.00M	$15.30M	$6.900M	$5.400M	$5.000M	$5.600M	$4.600M	$6.400M
YoY Change	-20.81%	11.75%	68.84%	-16.59%	48.7%	75.0%	-24.79%	-22.0%	-1.96%	121.74%	27.78%	8.0%	-10.71%	21.74%	-28.13%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$193.3M	$189.8M	$190.3M	$76.70M	$87.50M	$64.10M	$40.00M	$31.00M	$35.20M	$0.00	$50.10M	$50.60M	$46.00M	$44.50M	$68.30M	$0.00
YoY Change	1.8%	-0.25%	148.13%	-12.34%	36.51%	60.25%	29.03%	-11.93%		-100.0%	-0.99%	10.0%	3.37%	-34.85%
Total Short-Term Liabilities	$280.4M	$261.8M	$244.8M	$112.2M	$129.6M	$95.50M	$55.30M	$48.70M	$53.60M	$20.00M	$69.20M	$75.70M	$70.30M	$71.40M	$94.50M	$19.00M
YoY Change	7.13%	6.95%	118.15%	-13.43%	35.71%	72.69%	13.55%	-9.14%	168.0%	-71.1%	-8.59%	7.68%	-1.54%	-24.44%	397.37%
Long-Term Debt	$619.2M	$744.6M	$880.1M	$692.8M	$809.4M	$813.1M	$358.5M	$388.8M	$442.9M	$401.9M	$361.2M	$420.1M	$485.6M	$536.3M	$567.9M	$590.1M
YoY Change	-16.84%	-15.4%	27.04%	-14.41%	-0.46%	126.81%	-7.79%	-12.21%	10.2%	11.27%	-14.02%	-13.49%	-9.45%	-5.56%	-3.76%
Other Long-Term Liabilities	$87.78M	$133.4M	$156.7M	$4.500M	$6.500M	$8.500M	$10.50M	$9.800M	$11.60M	$13.70M	$28.30M	$41.30M	$49.40M	$48.80M	$37.40M	$62.40M
YoY Change	-34.2%	-14.85%	3381.42%	-30.77%	-23.53%	-19.05%	7.14%	-15.52%	-15.33%	-51.59%	-31.48%	-16.4%	1.23%	30.48%	-40.06%
Total Long-Term Liabilities	$707.0M	$878.0M	$1.037B	$697.3M	$815.9M	$821.6M	$369.0M	$398.6M	$454.5M	$415.6M	$389.5M	$461.4M	$535.0M	$585.1M	$605.3M	$652.5M
YoY Change	-19.48%	-15.32%	48.69%	-14.54%	-0.69%	122.66%	-7.43%	-12.3%	9.36%	6.7%	-15.58%	-13.76%	-8.56%	-3.34%	-7.23%
Total Liabilities	$987.4M	$1.140B	$1.282B	$809.5M	$945.4M	$917.1M	$424.3M	$447.4M	$508.2M	$435.6M	$458.8M	$537.1M	$605.3M	$656.5M	$699.8M	$671.6M
YoY Change	-13.37%	-11.07%	58.32%	-14.37%	3.09%	116.14%	-5.16%	-11.96%	16.67%	-5.06%	-14.58%	-11.27%	-7.8%	-6.19%	4.2%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $791.94 Million

About Global Ship Lease, Inc.

Global Ship Lease, Inc. is a holding company, which owns and charters out containerships under long-term and fixed rate charters to container shipping companies. The firm focuses on mid-size Post-Panamax and smaller containerships. As a containership owner, its business is both procyclical with chartered tonnage and counter-cyclical with sale and lease-back structures. The firm owns 68 containerships, ranging from 2,207 to 11,040 TEU, with a combined capacity of 375,406 TEU. 36 ships are wide beam Post-Panamax. The mix of ship sizes within its fleet provides flexibility to deploy its vessels on a range of trading routes. Its portfolio of vessels includes CMA CGM Thalassa, ZIM Norfolk, Anthea Y, ZIM Xiamen, MSC Tianjin, MSC Qingdao, GSL Ningbo, GSL Alexandra, GSL Effie, GSL Lydia, GSL Sofia, GSL Kalliopi, GSL Grania, GSL Eleni, Mary, Kristina, Katherine, Alexandra, Alexis, Olivia I, CMA CGM Berlioz, Agios Dimitrios, and GSL Christel Elisabeth, among others.

Industry: Deep Sea Foreign Transportation of Freight Peers: