SFL Corporation Ltd. (SFL) vs ZIM Integrated Shipping Services Ltd. (ZIM)

SFL Corporation Ltd. and ZIM Integrated Shipping Services Ltd. are both Marine Shipping companies. ZIM Integrated Shipping Services Ltd. is the larger, with a market value of $3.3B against $1.7B — 2.0× the size. SFL Corporation Ltd. trades at the lower P/E: 22.9× against 23.7×. SFL Corporation Ltd. grew revenue faster over the last twelve months: −15.6% against −24.9%. SFL Corporation Ltd. has the higher net margin (8.76% vs 2.15%) and the lower return on invested capital (3.83% vs 5.07%). Both pay a dividend; SFL Corporation Ltd. yields more (7.63% vs 4.32%). Across the 23 metrics below, ZIM Integrated Shipping Services Ltd. leads on 12 and SFL Corporation Ltd. on 11.

Valuation

Metric SFL ZIM Marine Shipping median
P/E 22.94 23.74 7.37
P/S 2.03 0.52 1.71
P/B 1.43 0.85 0.85
Price to free cash flow 3.25 2.17 4.11
EV/EBITDA 8.68 3.28 5.98
EV/Sales 5.14 0.92 2.47
Earnings yield 4.36% 4.21% 13.14%
Free cash flow yield 30.74% 45.99% 19.49%

Profitability

Metric SFL ZIM Marine Shipping median
Gross margin 61.42% 13.65% 60.61%
Operating margin 27.73% 8.21% 27.74%
Net margin 8.76% 2.15% 25.21%
Free cash flow margin 62.49% 23.71% 18.27%
Return on equity 6.25% 3.56% 8.04%
Return on assets 1.71% 1.27% 5.13%
Return on invested capital 3.83% 5.07% 5.17%

Growth

Metric SFL ZIM Marine Shipping median
Revenue growth (TTM) (15.61%) (24.91%) 10.81%
EPS growth (last fiscal year) (119.80%) (77.67%) (20.39%)
Revenue growth, 5-year CAGR 9.25% 11.58% 11.95%
Net income growth, 5-year CAGR 0.00% (1.54%) 0.00%

Health

Metric SFL ZIM Marine Shipping median
Debt to equity 2.30 1.10 0.44
Current ratio 0.38 1.24 1.67
Net debt to EBITDA 6.35 1.24 2.34

Dividend

Metric SFL ZIM Marine Shipping median
Dividend yield 7.63% 4.32% 4.83%
Payout ratio 1.75 1.03 0.30

Size

Metric SFL ZIM Marine Shipping median
Market cap 1.65b 3.31b 435.67m

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