Earnings Performance: SFL reported a Q2 GAAP EPS of $0.01, exceeding expectations by $0.06, with revenue of $192.59 million, a 3.1% increase quarter-over-quarter, surpassing estimates by $7.16 million.
Dividends and Charter Hire: The company declared its 86th consecutive quarterly dividend of $0.20 per share and received charter hire totaling $194 million, primarily from shipping (87%) and energy (13%).
Fleet and Financials: SFL operates a container fleet of 30 vessels, generating approximately $82.3 million in charter hire during the quarter, with an adjusted EBITDA of $104 million from consolidated subsidiaries.
Future Plans: A five-year time charter extension for three container vessels with Maersk adds about $225 million to the backlog, while five new vessels are under construction with expected delivery in 2028, requiring around $850 million in capital expenditures.
Wall Street analysts forecast SFL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SFL is 11.00 USD with a low forecast of 11.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast SFL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SFL is 11.00 USD with a low forecast of 11.00 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.470
Low
11.00
Averages
11.00
High
11.00
Current: 8.470
Low
11.00
Averages
11.00
High
11.00
BTIG
BTIG
maintain
$10 -> $11
2025-11-11
Reason
BTIG
BTIG
Price Target
$10 -> $11
AI Analysis
2025-11-11
maintain
Reason
BTIG raised the firm's price target on SFL Corp. to $11 from $10 and keeps a Buy rating on the shares. The firm notes that SFL traded up after reporting Q3 earnings, with adjusted EBITDA of $113M, which came 19% above consensus of $95M. SFL maintained its 20c dividend, which represents a 41% payout of operating cash flow and points to the stock trading at a 10% annualized yield. And while SFL did not repurchase shares during Q3, BTIG notes the company also has $80M remaining under its buyback program, which runs through Q2 2026. Overall, SFL continues to invest in its fleet, while re-deliveries and a soft drilling market continue to weigh on near-term OCF, the firm adds.
About SFL
SFL Corporation Ltd. is a Bermuda-based company, which is primarily engaged in the ownership and operation of vessels and offshore related assets, and involved in the charter, purchase, and sale of assets. The Company is involved in ship ownership and chartering, with a diversified asset base across maritime, shipping, and offshore sectors. Its assets include approximately 18 tankers, 15 dry bulk carriers, 29 container vessels, two drilling rigs, and seven car carriers. Its vessels include SFL Yangtze, SFL Yukon, SFL Sara, SFL Kate, SFL Humber, SFL Hudson, Arabian Sea, Thor Highway, Odin Highway, Maersk Pelepas, Maersk Phuket Maersk, Linus, SFL Puma, SFL Panther, Semi-submersible, SFL Albany, SFL Fraser, among others. It also holds partial ownership in approximately four leased-in container vessels. Its subsidiaries include SFL Management AS, SFL UK Management Ltd, SFL Management (Bermuda) Limited, SFL Management (Singapore) Pte. Ltd., among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
