Global Ship Lease, Inc. (GSL) vs Safe Bulkers, Inc (SB)

Global Ship Lease, Inc. and Safe Bulkers, Inc are both Marine Shipping companies. Global Ship Lease, Inc. is the larger, with a market value of $1.6B against $939.1M — 1.7× the size. Global Ship Lease, Inc. trades at the lower P/E: 4.3× against 10.4×. Safe Bulkers, Inc grew revenue faster over the last twelve months: 10.8% against 5.55%. Global Ship Lease, Inc. has the higher net margin (47.9% vs 25.7%) and the higher return on invested capital (12.1% vs 5.56%). Both pay a dividend; Global Ship Lease, Inc. yields more (5.54% vs 4.85%). Across the 22 metrics below, Global Ship Lease, Inc. leads on 21 and Safe Bulkers, Inc on 1.

Valuation

Metric GSL SB Marine Shipping median
P/E 4.25 10.42 6.89
P/S 2.04 2.69 1.92
P/B 0.82 1.00 0.90
Price to free cash flow 3.32 n/m 4.62
EV/EBITDA 3.31 10.85 6.57
EV/Sales 2.17 3.92 2.73
Earnings yield 23.52% 9.59% 9.59%
Free cash flow yield 30.10% (5.41%) 16.76%

Profitability

Metric GSL SB Marine Shipping median
Gross margin 68.83% 63.42% 60.61%
Operating margin 50.76% 36.11% 27.74%
Net margin 47.87% 25.69% 25.21%
Free cash flow margin 65.72% (14.56%) 17.29%
Return on equity 20.81% 0.00% 8.62%
Return on assets 13.28% 5.57% 5.35%
Return on invested capital 12.11% 5.56% 5.32%

Growth

Metric GSL SB Marine Shipping median
Revenue growth (TTM) 5.55% 10.81% 13.26%
EPS growth (last fiscal year) 17.04% (63.86%) —
Revenue growth, 5-year CAGR 22.07% 6.83% 11.77%
Net income growth, 5-year CAGR 79.75% 0.00% 0.00%

Health

Metric GSL SB Marine Shipping median
Debt to equity 0.35 0.59 0.52
Current ratio 2.13 1.00 1.63
Net debt to EBITDA 0.29 2.88 2.34

Dividend

Metric GSL SB Marine Shipping median
Dividend yield 5.54% 4.85% 5.54%
Payout ratio 0.18 0.21 0.13

Size

Metric GSL SB Marine Shipping median
Market cap 1.59b 939.13m 420.73m

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