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Sfl Corporation Ltd   (SFL)
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Price: $12.8000 $0.25 1.992%
Day's High: $12.82 Week Perf: -1.84 %
Day's Low: $ 12.59 30 Day Perf: -5.54 %
Volume (M): 755 52 Wk High: $ 13.74
Volume (M$): $ 9,664 52 Wk Avg: $10.88
Open: $12.59 52 Wk Low: $8.43



 Market Capitalization (Millions $) 1,620
 Shares Outstanding (Millions) 127
 Employees 7
 Revenues (TTM) (Millions $) 752
 Net Income (TTM) (Millions $) 84
 Cash Flow (TTM) (Millions $) -23
 Capital Exp. (TTM) (Millions $) 0

Sfl Corporation Ltd
We were formed in 2003 as a wholly owned subsidiary of Frontline, a major operator of large crude oil tankers. In 2004, Frontline distributed 25% of our common shares to its ordinary shareholders in a partial spin off, and our common shares commenced trading on the New York Stock Exchange, or the NYSE, under the ticker symbol "SFL" on June 17, 2004. Frontline subsequently made six further dividends of our shares to its shareholders and its ownership in our Company is now less than one percent. Our assets at the time consisted of a fleet of Suezmax tankers, Very Large Crude Carriers, or VLCCs, and oil/bulk/ore carriers, or OBOs.

Since 2004, we have diversified our asset base and now have eight asset types, comprising crude oil tankers, chemical tankers, container vessels, car carriers, drybulk carriers, jack-up drilling rigs, ultra-deepwater drilling units and offshore supply vessels.

Most of our oil tankers are chartered to the Frontline Charterers under longer term time charters that have remaining terms that range from three to 12 years. The Frontline Charterers, in turn, charter our vessels to third parties. The daily base charter rates payable to us under the charters have been fixed in advance and will decrease as our vessels age. In December 2011, in response to a restructuring of Frontline necessitated by an extended period of low charter rates for oil tankers and OBOs, amendments were made to the charter agreements with the Frontline Charterers relating to 28 double-hull vessels, whereby we received a compensation payment of $106 million and agreed to temporarily reduce by $6,500 per day the base charter rates payable on each vessel. The temporary reduction applies from January 1, 2012, until December 31, 2015. Thereafter, the base charter rates will revert to the previously agreed levels. For the duration of the temporary reduction, we are entitled to receive 100% of any excess above the reduced charter rates earned by the Frontline Charterers on our vessels, calculated annually on an average daily TCE basis and subject to a maximum excess of $6,500 per day per vessel. Eleven of the vessels have been sold since December 2011, including all of the OBOs.


In addition to the base charter rates, the Frontline Charterers pay us a profit sharing amount equal to 25% of the charter revenues they realize above specified threshold levels, paid annually and calculated on an average daily TCE basis. Previously, up until December 31, 2011, this profit sharing rate was 20%. In terms of the agreement relating to the temporary reduction in base charter rates, of the $106 million compensation payment received, $50 million represents a non-refundable advance on profit sharing earnings relating to the 25% profit sharing agreement which took effect on January 1, 2012.

We have also entered into agreements with Frontline Management to provide fixed rate operation and maintenance services for the vessels on time charter to the Frontline Charterers, and for administrative support services. These agreements enhance the predictability and stability of our cash flows, by fixing substantially all of the operating expenses of our crude oil tankers.

The charters for the two jack-up drilling rigs, two ultra-deepwater drilling units, six offshore supply vessels, two chemical tankers and 11 of the container vessels are all on bareboat terms, under which the respective charterer will bear all operating and maintenance expenses.




   Company Address: 14 Par-la-Ville Road Hamilton 0
   Company Phone Number: 295-9500   Stock Exchange / Ticker: NYSE SFL
   


Customers Net Income grew by SFL's Customers Net Profit Margin grew to

30.33 %

5.36 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CMRE   -0.35%    
GSL        2.75% 
NMM        2% 
SB   -3.61%    
SBLK   -1.3%    
TK   -1.72%    
• View Complete Report
   



Sfl Corporation Ltd

Earnings per Share Decline at SFL Corporation Ltd Despite Industry Success in Q4 20232.

In the world of Marine Transportation companies, SFL Corporation Ltd stands out as a shining example of success in the fourth quarter of 2023. While many companies in the industry are struggling with dwindling orders and declining revenue, SFL experienced a flourishing period with impressive growth metrics.
Despite facing challenges in the industry, SFL managed to achieve a commendable revenue increase of 12.22% to $752.29 million in the October to December 31, 2023 financial interval. This growth is a strong indicator of the company's ability to adapt and thrive in a tough market environment.






 

Sfl Ltd's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Sfl Ltd does not provide revenue guidance.

Earnings Outlook
Sfl Corporation Ltd does not provide earnings estimates.

 
Geographic Revenue Dispersion




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