Global Ship Lease, Inc. (GSL)

Deep Sea Foreign Transportation of Freight

Latest Price

$42.19

TTM P/E

Normalized P/E

TTM Div Yield

Fwd Div Yield

Book Value

50.15

P/B Ratio

0.84

Valuation metrics

Norm. op. income: $343M (median of 7yr)

Tax rate: 5%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$83.34

+98% upside

Base FCF: $355M (median of recent 5yr)

Growth: 20%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$516.52

+1124% upside