Matson, Inc. (MATX) vs SFL Corporation Ltd. (SFL)

Matson, Inc. and SFL Corporation Ltd. are both Marine Shipping companies. Matson, Inc. is the larger, with a market value of $6.7B against $2.0B — 3.4× the size. Matson, Inc. trades at the lower P/E: 14.9× against 26.6×. Matson, Inc. grew revenue faster over the last twelve months: −0.16% against −15.6%. Matson, Inc. has the higher net margin (13.4% vs 8.76%) and the higher return on invested capital (11.0% vs 3.83%). Both pay a dividend; SFL Corporation Ltd. yields more (8.19% vs 1.33%). Across the 23 metrics below, Matson, Inc. leads on 15 and SFL Corporation Ltd. on 8.

Valuation

Metric MATX SFL Marine Shipping median
P/E 14.89 26.63 6.89
P/S 1.95 2.36 1.92
P/B 2.44 1.66 0.90
Price to free cash flow 57.07 3.78 4.62
EV/EBITDA 8.41 9.24 6.57
EV/Sales 2.02 5.47 2.73
Earnings yield 6.72% 3.76% 9.59%
Free cash flow yield 1.75% 26.49% 16.76%

Profitability

Metric MATX SFL Marine Shipping median
Gross margin 23.02% 61.42% 60.61%
Operating margin 15.18% 27.73% 27.74%
Net margin 13.41% 8.76% 25.21%
Free cash flow margin 3.45% 62.49% 17.29%
Return on equity 17.21% 6.25% 8.62%
Return on assets 10.09% 1.71% 5.35%
Return on invested capital 10.99% 3.83% 5.32%

Growth

Metric MATX SFL Marine Shipping median
Revenue growth (TTM) (0.16%) (15.61%) 13.26%
EPS growth (last fiscal year) (0.86%) (119.80%) —
Revenue growth, 5-year CAGR 7.01% 9.25% 11.77%
Net income growth, 5-year CAGR 18.16% 0.00% 0.00%

Health

Metric MATX SFL Marine Shipping median
Debt to equity 0.12 2.30 0.52
Current ratio 0.89 0.38 1.63
Net debt to EBITDA 0.26 6.35 2.34

Dividend

Metric MATX SFL Marine Shipping median
Dividend yield 1.33% 8.19% 5.54%
Payout ratio 0.10 1.02 0.13

Size

Metric MATX SFL Marine Shipping median
Market cap 6.70b 1.95b 420.73m

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