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0 0.00044326241134743 0.00044326241134743 0 0.00177304964539003 0.00373226950354606 0.00221631205673746 0.00620567375886527
Stock impact report

SFL Corporation: Hercules Is Coming Back, But So Is Valuation Risk [Seeking Alpha]

SFL Corporation Ltd (SFL) 
Last sfl corporation ltd earnings: 2/18 06:34 am Check Earnings Report
US:NYSE Investor Relations: shipfinance.no/page/6834/ir_home
Company Research Source: Seeking Alpha
Despite industry tailwinds, SFL's long-term contracts limit near-term rate upside, while high debt and a delayed recovery of the Hercules rig cap valuation appeal. The current 7.2% dividend yield appears sustainable, but future hikes are unlikely given the $2.6 billion debt burden and cash flow priorities. Valuation is no longer compelling, with SFL trading at a high-9x forward EV/EBITDA, well above peers with cleaner balance sheets and stronger spot exposure. vale_t/iStock Editorial via Getty Images The last time I covered SFL Corporation ( SFL ) was back in late September, just after the company had slashed its quarterly dividend from $0.27 to $0.20. SFL has historically been a high-yield play in shipping, though the This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of DAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving comp Show less Read more
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