Global Ship Lease Inc (GSL)
NYSE:GSL
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Global Ship Lease
(NYSE:GSL)
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Rating:83Outperform
Price Target:
$45.00
â–²(15.53% Upside)
Action:ReiteratedDate:03/07/26
The score is driven primarily by strong financial performance (high profitability, improved leverage, and supportive cash generation) and an especially attractive valuation (very low P/E plus a high dividend yield). Technicals are positive but moderate, while the earnings call reinforces forward revenue visibility and balance-sheet progress, tempered by geopolitical and freight-market uncertainty.
Positive Factors
Strong contracted revenue and coverage
Near-term revenue visibility is durable: ~$2.24bn of contracted hires and almost full coverage for 2026 meaningfully insulates cash flow and planning for 12–24 months. This reduces recharter exposure and supports predictable dividend and capex decisions over the medium term.
Negative Factors
Heightened geopolitical chokepoint risk
Persistent geopolitical disruptions that close key routes increase voyage lengths, insurance and bunker costs, and can fragment trade lanes for extended periods. For a time‑charter owner, longer routings and fragmented trade patterns raise operational cost risk and can depress demand for certain trades.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong contracted revenue and coverage
Near-term revenue visibility is durable: ~$2.24bn of contracted hires and almost full coverage for 2026 meaningfully insulates cash flow and planning for 12–24 months. This reduces recharter exposure and supports predictable dividend and capex decisions over the medium term.
Read all positive factors
Global Ship Lease (GSL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.38B
Dividend Yield6.16%
Average Volume (3M)400.37K
Price to Earnings (P/E)3.0
Beta (1Y)1.00
Revenue Growth7.13%
EPS Growth23.37%
CountryUS
Employees7
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)2.32
Shares Outstanding35,918,243
10 Day Avg. Volume230,293
30 Day Avg. Volume400,365
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.69
Price to Sales (P/S)1.63
P/FCF Ratio3.48
Enterprise Value/Market Cap1.28
Enterprise Value/Revenue2.32
Enterprise Value/Gross Profit4.36
Enterprise Value/Ebitda3.16
Forecast
1Y Price Target
$48.00Price Target Upside23.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)9.74
Revenue Forecast (FY)$741.33M
Global Ship Lease Business Overview & Revenue Model
Company Description
Global Ship Lease, Inc. owns and charters containerships of various sizes under fixed-rate charters to container shipping companies. As of March 10, 2022, it owned 65 mid-sized and smaller containerships with an aggregate capacity of 342,348 twent...
How the Company Makes Money
Global Ship Lease generates revenue primarily through the long-term charter agreements it enters into with its customers, which typically range from 3 to 12 years. The company earns income by leasing its fleet of containerships, receiving predicta...
Global Ship Lease Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 11, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive financial and strategic picture: materially improved liquidity, significant deleveraging, lower borrowing costs, strong near-term contracted revenue and coverage, accretive fleet renewal at attractive prices, and continued shareholder returns. These positives are tempered by pronounced geopolitical and regulatory uncertainty (notably Red Sea and Strait of Hormuz disruptions), freight market volatility, and some near-term accounting/drivers (restricted cash increase and a non-cash SG&A valuation) that introduce caution. On balance, the company appears well-positioned to navigate the risks and to capitalize on opportunities, but external geopolitical and policy risks remain significant.Positive Updates
Strong forward contracted revenue and coverage
Forward contracted revenues of $2.24 billion with ~2.7 years of remaining contract cover; 99% contract coverage for 2026 and 81% for 2027, providing strong near-term visibility.
Negative Updates
Heightened geopolitical risk and Red Sea / Strait of Hormuz disruptions
Escalating conflict in the Middle East has effectively closed key chokepoints (Red Sea/Suez and Strait of Hormuz) in the near term; this increases unpredictability, fragments trade patterns, and creates routing inefficiencies that could raise costs and volatility.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong forward contracted revenue and coverage
Forward contracted revenues of $2.24 billion with ~2.7 years of remaining contract cover; 99% contract coverage for 2026 and 81% for 2027, providing strong near-term visibility.
Read all positive updates
Company Guidance
The company guided to strong forward visibility and continued capital discipline: as of Dec 31 it had $2.24 billion of contracted revenue over ~2.7 years with 99% contract coverage for 2026 and 81% for 2027 (after adding 52 charters worth $1.26 billion), a cash balance of $637 million (of which $164 million is restricted), an annualized dividend of $2.50 per share, and a daily breakeven of just over $9,800; it described a near net‑debt‑neutral position after deleveraging (debt < $700 million at end‑2025, targeted < $600 million by end‑2026), an average debt maturity of 4.5 years and blended cost of debt of 4.49% following an $85 million refinancing, plus selective fleet renewal (three 8,600 TEU ships bought for $90 million aggregate with ~ $40 million aggregate scrap value and historic charter rates > $40,000/day).Global Ship Lease Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
79
Positive
Cash Flow
83
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 766.45M | 705.53M | 666.72M | 604.49M | 402.52M |
| Gross Profit | 410.93M | 390.75M | 372.19M | 334.59M | 197.56M |
| EBITDA | 524.30M | 494.30M | 441.50M | 449.47M | 302.34M |
| Net Income | 416.45M | 353.63M | 304.50M | 292.93M | 171.50M |
Balance Sheet | |||||
| Total Assets | 2.86B | 2.37B | 2.17B | 2.11B | 1.99B |
| Cash, Cash Equivalents and Short-Term Investments | 523.50M | 167.53M | 152.64M | 128.68M | 75.18M |
| Total Debt | 689.14M | 684.06M | 812.43M | 968.80M | 1.25B |
| Total Liabilities | 1.06B | 909.76M | 987.39M | 1.14B | 1.28B |
| Stockholders Equity | 1.80B | 1.46B | 1.18B | 966.49M | 712.55M |
Cash Flow | |||||
| Free Cash Flow | 359.36M | 187.65M | 222.53M | 318.25M | -223.68M |
| Operating Cash Flow | 528.30M | 430.15M | 375.01M | 327.48M | 247.95M |
| Investing Cash Flow | -351.90M | -254.64M | -151.98M | -9.88M | -463.02M |
| Financing Cash Flow | -84.68M | -208.59M | -212.24M | -243.31M | 318.45M |
Global Ship Lease Technical Analysis
Positive
38.95
Price Trends
38.16
Positive
36.39
Positive
32.47
Positive
Market Momentum
0.02
Negative
50.98
Neutral
81.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSL, the sentiment is Positive. The current price of 38.95 is above the 20-day moving average (MA) of 38.02, above the 50-day MA of 38.16, and above the 200-day MA of 32.47, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 50.98 is Neutral, neither overbought nor oversold. The STOCH value of 81.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GSL.
Global Ship Lease Risk Analysis
Global Ship Lease disclosed 75 risk factors in its most recent earnings report. Global Ship Lease reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We may not achieve the intended benefits of having forum selection provisions if they are found to be unenforceable. Q4, 2023
2.
Our Fourth Amended and Restated Bylaws include forum selection provisions for certain disputes between us and our shareholders, which could limit our shareholders' ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or other employees. Q4, 2023
3.
European mandatory non-financial reporting regulations. Q4, 2023
Global Ship Lease Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $1.38B | 3.00 | 24.76% | 6.16% | 7.13% | 23.37% | |
81 Outperform | $2.09B | 3.51 | 13.56% | 3.64% | 3.82% | -13.73% | |
72 Outperform | $2.08B | 5.21 | 16.86% | 2.94% | -29.82% | -16.77% | |
70 Outperform | $1.97B | 3.29 | 8.85% | 0.39% | -1.33% | -33.66% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $2.76B | 26.26 | 3.46% | 1.59% | -13.87% | -82.48% | |
59 Neutral | $1.57B | -39.32 | -2.63% | 12.24% | -11.10% | -101.57% |
* Industrials Sector Average
GSL
Global Ship Lease
38.95
20.06
106.20%
CMRE
Costamare
17.55
11.13
173.41%
DAC
Danaos
116.33
41.82
56.14%
NMM
Navios Maritime Partners
69.91
36.79
111.05%
SFL
SFL Corporation
10.86
3.98
57.83%
SBLK
Star Bulk Carriers
24.73
10.90
78.78%
Global Ship Lease Corporate Events
Global Ship Lease Boosts Earnings, Contract Cover and Dividend on Strong 2025 Performance
Mar 6, 2026
Global Ship Lease reported unaudited results on March 5, 2026, for the fourth quarter and full year ended December 31, 2025, showing operating revenue of $190.9 million for the quarter and $766.5 million for the year, up 7.8% from 2024. Net income...
Global Ship Lease Declares Q4 2025 Dividend on Strong Charter Backlog
Feb 13, 2026
Global Ship Lease, Inc., a Marshall Islands–incorporated owner and lessor of mid-sized and smaller containerships listed on the NYSE, charters its 69-vessel fleet on fixed-rate contracts to major liner operators, providing stable, long-term ...
Global Ship Lease Declares Quarterly Dividend on Series B Preferred Shares
Dec 9, 2025
On December 8, 2025, Global Ship Lease announced that its Board of Directors declared a quarterly cash dividend of $0.546875 per depositary share for its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares. This dividend covers the per...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.