Capital Clean Energy Carriers Corp. (CCEC) vs Global Ship Lease, Inc. (GSL)

Capital Clean Energy Carriers Corp. and Global Ship Lease, Inc. are both Marine Shipping companies. Global Ship Lease, Inc. is the larger, with a market value of $1.6B against $1.3B — 1.2× the size. Global Ship Lease, Inc. trades at the lower P/E: 4.3× against 11.6×. Global Ship Lease, Inc. grew revenue faster over the last twelve months: 5.55% against 4.42%. Global Ship Lease, Inc. has the higher net margin (47.9% vs 28.4%) and the higher return on invested capital (12.1% vs 2.94%). Both pay a dividend; Global Ship Lease, Inc. yields more (5.54% vs 3.27%). Across the 22 metrics below, Global Ship Lease, Inc. leads on 20 and Capital Clean Energy Carriers Corp. on 2.

Valuation

Metric CCEC GSL Marine Shipping median
P/E 11.63 4.25 6.89
P/S 3.30 2.04 1.92
P/B 0.85 0.82 0.90
Price to free cash flow n/m 3.32 4.62
EV/EBITDA 12.60 3.31 6.57
EV/Sales 10.05 2.17 2.73
Earnings yield 8.60% 23.52% 9.59%
Free cash flow yield (53.75%) 30.10% 16.76%

Profitability

Metric CCEC GSL Marine Shipping median
Gross margin 76.77% 68.83% 60.61%
Operating margin 50.03% 50.76% 27.74%
Net margin 28.36% 47.87% 25.21%
Free cash flow margin (177.40%) 65.72% 17.29%
Return on equity 7.79% 20.81% 8.62%
Return on assets 2.56% 13.28% 5.35%
Return on invested capital 2.94% 12.11% 5.32%

Growth

Metric CCEC GSL Marine Shipping median
Revenue growth (TTM) 4.42% 5.55% 13.26%
EPS growth (last fiscal year) 10.77% 17.04% —
Revenue growth, 5-year CAGR 22.76% 22.07% 11.77%
Net income growth, 5-year CAGR 41.25% 79.75% 0.00%

Health

Metric CCEC GSL Marine Shipping median
Debt to equity 1.89 0.35 0.52
Current ratio 1.15 2.13 1.63
Net debt to EBITDA 6.34 0.29 2.34

Dividend

Metric CCEC GSL Marine Shipping median
Dividend yield 3.27% 5.54% 5.54%
Payout ratio — 0.18 0.13

Size

Metric CCEC GSL Marine Shipping median
Market cap 1.29b 1.59b 420.73m

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