Financials First Ship Lease Trust

Equities

D8DU

SG1U66934613

Marine Freight & Logistics

Market Closed - Singapore S.E. 02:20:47 2024-04-26 am EDT 5-day change 1st Jan Change
0.036 SGD -2.70% Intraday chart for First Ship Lease Trust 0.00% -16.28%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 21 95.26 120.5 104.9 104.3 57.64
Enterprise Value (EV) 1 110.4 122.9 129.6 118.1 87.65 35.57
P/E ratio -1.11 x 6.73 x 19.5 x -66 x 7.86 x 15.7 x
Yield - 27.8% 44% 59% 27.1% 46%
Capitalization / Revenue 0.31 x 1.3 x 2.49 x 4.2 x 4.3 x 6.77 x
EV / Revenue 1.65 x 1.68 x 2.68 x 4.73 x 3.62 x 4.18 x
EV / EBITDA - - - - - -
EV / FCF 1.98 x -15.1 x 0.97 x 2.34 x 1.34 x 10.7 x
FCF Yield 50.4% -6.62% 103% 42.8% 74.8% 9.32%
Price to Book 0.14 x 0.47 x 0.93 x 1.58 x 2.04 x 1.05 x
Nbr of stocks (in thousands) 637,457 1,768,058 1,768,058 1,768,058 1,768,058 1,768,058
Reference price 2 0.0329 0.0539 0.0681 0.0593 0.0590 0.0326
Announcement Date 4/3/19 4/9/20 4/4/21 3/27/22 4/2/23 3/27/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 67.05 73.11 48.33 24.98 24.22 8.51
EBITDA - - - - - -
EBIT 1 9.273 21.86 14.35 0.977 6.027 3.456
Operating Margin 13.83% 29.9% 29.69% 3.91% 24.88% 40.61%
Earnings before Tax (EBT) 1 -18.99 10.17 6.247 -1.521 13.28 3.829
Net income 1 -18.99 10.13 6.246 -1.522 13.27 3.67
Net margin -28.32% 13.86% 12.92% -6.09% 54.78% 43.13%
EPS 2 -0.0298 0.008000 0.003500 -0.000899 0.007500 0.002075
Free Cash Flow 1 55.7 -8.138 133 50.49 65.56 3.317
FCF margin 83.08% -11.13% 275.19% 202.16% 270.63% 38.98%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - 2,129.43% - 494% 90.38%
Dividend per Share - 0.0150 0.0300 0.0350 0.0160 0.0150
Announcement Date 4/3/19 4/9/20 4/4/21 3/27/22 4/2/23 3/27/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 89.4 27.6 9.15 13.2 - -
Net Cash position 1 - - - - 16.6 22.1
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 55.7 -8.14 133 50.5 65.6 3.32
ROE (net income / shareholders' equity) -11.5% 5.66% 3.76% -1.56% 22.6% 6.93%
ROA (Net income/ Total Assets) 1.95% 5.08% 4.1% 0.5% 5.05% 3.29%
Assets 1 -973.3 199.6 152.2 -306 262.7 111.5
Book Value Per Share 2 0.2400 0.1100 0.0700 0.0400 0.0300 0.0300
Cash Flow per Share 2 0.0200 0.0200 0.0100 0 0.0200 0.0200
Capex 1 -19.1 12.8 -63.1 -54.9 -45.8 1
Capex / Sales -28.5% 17.51% -130.49% -220% -189.05% 11.75%
Announcement Date 4/3/19 4/9/20 4/4/21 3/27/22 4/2/23 3/27/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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