SFL Corporation - Good Value For Money
SFL Corporation is a profitable transportation company with strong margins and growth, making it a compelling value play despite future challenges. SFL outperforms peers in profitability and growth, justifying its slightly higher valuation; its fundamentals make it a good company at a fair price. Potential risks include declining oil demand and increased tariffs, but opportunities like new Arctic shipping routes could enhance sector competitiveness.
SFL Corporation: Offshore Drilling Exposure Becomes A Headache Again (Downgrade)
SFL Corporation Ltd. reported fourth quarter and full year 2024 results largely in line with expectations and declared an unchanged quarterly cash dividend of $0.27 per share. With the company's largest asset, the harsh environment rig Hercules, expected to sit idle for at least the next couple of quarters, financial results will be negatively impacted. Should the rig fail to secure employment going into 2026, I would expect the company to cut its quarterly dividend quite meaningfully.
SFL Corporation Ltd. (SFL) Q4 2024 Earnings Call Transcript
Start Time: 10:00 January 1, 0000 10:42 AM ET SFL Corporation Ltd. (NYSE:SFL ) Q4 2024 Earnings Conference Call February 12, 2025, 10:00 AM ET Company Participants Ole Hjertaker - CEO Trym Sjølie - COO Aksel Olesen - CFO Espen Nilsen Gjøsund - VP, IR Conference Call Participants Gregory Lewis - BTIG Børge Bakke - Fearnley Securities Espen Nilsen Gjøsund My name is Espen Gjøsund.
What To Expect From SFL Corporation's Q4 Numbers, And Beyond
Concerns about SFL Corporation's future debt gearing and potential share dilution lead us to maintain a Hold stance, despite their fleet renewal efforts. The container-ship segment faces challenges with a large order book and potential lower rates, impacting SFL's conventional fuel vessels. Offshore drilling assets, particularly the "Hercules" rig, significantly contribute to revenue but face employment uncertainties, affecting Q4 income projections.
SFL Corporation: Still Solid Despite Offshore Drilling Challenges - Buy
SFL Corporation reported Q3/2024 results largely in line with estimates and declared an unchanged quarterly dividend of $0.27 per share. The strong sequential improvement was mostly the result of increased contributions from the company's important offshore drilling segment. The company's semi-submersible rig "Hercules" is now sitting idle offshore in Norway, with very limited near-term employment prospects.
SFL Corporation Ltd. (SFL) Q3 2024 Earnings Call Transcript
SFL Corporation Ltd. (NYSE:SFL ) Q3 2024 Earnings Conference Call November 6, 2024 10:00 AM ET Company Participants Espen Nilsen Gjøsund - Vice President of Investor Relations Ole Hjertaker - Chief Executive Officer Trym Sjølie - Chief Operating Officer Aksel Olesen - Chief Financial Officer Conference Call Participants Sherif Elmaghrabi - BTIG Climent Molins - Value Investor's Edge Espen Nilsen Gjøsund Hello, everyone, and welcome to SFL's Third Quarter 2024 Conference Call.
SFL Corporation: Momentum Building On Multiple Fronts
SFL is taking meaningful strides to grow its business through vessel additions and backlog growth. Attractive rates in the offshore drilling market and tanker business will drive meaningful revenue growth. The company has adequate free cash flow to continue to grow the dividend as well as fund the purchase of new vessels.
