10 Year Financial Data of Ship Finance International Ltd (SFL)

17.75 (1y: +28%)

Market Cap	1.5 B	P/E(ttm)	7.90
Enterprise Value	3.21 B	P/B	1.40

SFL- NYSE (USA)
Ship Finance International Ltd

Not Rated

Top Ranked Predictable Companies

$17.75

5 Severe Warning Signs 1 Medium Warning Sign 1 Good Sign

Bookmark

Annual Rates (per share)	5 yrs*	12 months*
Revenue Growth (%)	-13.2	6
EBITDA Growth (%)	-10.8	22.7
Free Cash Flow Growth (%)	0	0
Book Value Growth (%)	11.1	16

*12-month growth rate is calculated with the per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 5-year and 10-year numbers.

Trendline:

Export:

Print This Table Print

See this page for the explanation of the data and charts * All numbers are in millions except for per share data

Per Share Data	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Dec11	Mar12	Jun12	Sep12	Dec12

Revenue per Share ($)	--	6.59	5.93	5.83	5.47	6.54	4.97	4.24	3.73	3.72	4.04	0.96	1.06	1.06	0.94	0.98
EBITDA per Share	--	5.12	4.34	4.23	4.51	5.08	3.29	3.10	2.78	3.13	3.40	0.77	0.80	1.02	0.65	0.93
Free Cashflow per Share	--	2.28	2.73	-1.00	-3.18	1.77	0.73	-0.47	-1.82	-0.94	-1.03	0.03	-0.18	0.08	0.10	-1.03
Earnings per Share ($)	--	3.52	2.84	2.48	2.30	2.50	2.59	2.09	1.62	2.22	2.18	0.38	0.49	0.77	0.44	0.48
Dividends Per Share	--	1.05	1.80	1.85	2.19	2.29	1.20	1.34	1.55	1.47	1.47	0.39	0.30	0.39	0.39	0.39
Book Value per Share	--	8.86	7.61	8.24	8.43	7.11	10.07	10.46	10.83	11.58	12.56	10.83	11.19	11.45	11.48	12.56
Month End Stock Price	--	20.52	16.90	23.76	27.71	11.05	13.63	21.52	9.34	16.63	16.63	9.34	15.30	15.63	15.72	16.63
Ratios	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Dec11	Mar12	Jun12	Sep12	Dec12

Return on Equity %	40.70	39.70	37.30	30.10	27.30	35.10	25.70	20.00	15.30	18.70	20.40	14.00	17.60	26.80	15.20	20.40
Return on Assets %	15.50	12.20	8.80	7.10	5.70	5.40	6.40	5.70	4.50	6.30	6.80	4.00	5.20	8.40	4.80	6.80
Return on Capital - Joel Greenblatt %	18.30	80.70	61.00	63.90	38.60	51.20	32.60	27.00	15.70	17.40	19.20	16.40	17.20	22.80	12.80	19.20
Debt to Equity	1.57	2.24	3.19	3.19	3.69	5.02	2.85	2.32	2.23	1.84	1.84	2.23	2.16	2.09	2.04	1.84

Gross Margin %	66.80	78.40	74.00	71.80	73.10	78.90	75.30	75.90	72.50	70.30	68.10	72.50	74.20	72.30	65.90	68.10
Operating Margin %	50.20	70.60	68.70	69.20	76.50	70.90	56.60	63.00	55.10	64.90	74.50	55.20	57.30	79.40	47.30	74.50
Net Margin %	48.20	53.40	47.90	42.60	42.10	38.20	52.10	49.30	44.40	58.10	65.80	39.60	46.30	73.20	46.50	65.80

Days Sales Outstanding	16.40	4.00	67.70	57.90	38.60	36.10	36.30	41.20	15.60	75.20	77.20	15.10	25.90	33.10	61.90	77.20
Days Inventory	25.70	--	0.60	1.00	0.90	0.90	0.40	2.20	5.50	11.30	10.90	5.30	--	--	13.10	10.90
Inventory Turnover	14.20	--	615	362	401	399	973	167	66.00	32.20	8.40	17.00	--	--	7.00	8.40

Debt to Revenue	1.86	3.01	4.10	4.51	5.69	5.46	5.77	5.72	6.47	5.73	23.58	25.12	22.76	22.71	24.91	23.58
COGS to Revenue	0.33	0.22	0.26	0.28	0.27	0.21	0.25	0.24	0.27	0.30	0.32	0.27	0.26	0.28	0.34	0.32
Inventory to Revenue	0.02	--	--	0.00	0.00	0.00	--	0.00	0.00	0.01	0.04	0.02	--	--	0.05	0.04
Interest Exp. to Revenue %	-4.21	-18.97	-24.82	17.18	-31.00	-26.01	-31.58	-23.90	-27.10	-21.17	-21.41	-28.60	-25.62	-17.75	-26.31	-21.41

Asset Turnover	0.32	0.23	0.18	0.17	0.14	0.14	0.12	0.12	0.10	0.11	0.03	0.03	0.03	0.03	0.03	0.03
Buyback Ratio	--	-9.40	--	--	--	--	--	--	--	-48.20	-174	--	--	--	-2.00	-174
Dividend Payout Ratio	--	0.30	0.63	0.75	0.95	0.92	0.46	0.64	0.94	0.68	0.61	1.02	0.61	0.51	0.89	0.61
Income Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Dec11	Mar12	Jun12	Sep12	Dec12

Revenue	695	492	438	425	399	476	370	336	295	320	320	76.06	84.12	83.63	74.29	77.65
Cost of Goods Sold	231	106	114	120	107	100	91.49	81.02	81.06	94.91	94.91	20.89	21.66	23.14	25.36	24.74
Gross Profit	465	386	324	305	292	375	278	255	214	225	225	55.17	62.46	60.49	48.93	52.91

Selling, General, &Admin. Expense	9.72	3.81	2.45	6.58	7.78	9.84	12.19	9.10	9.89	8.94	8.94	1.90	2.20	2.27	2.13	2.34
Earnings Before DDA	455	382	321	308	329	369	245	246	220	269	269	61.28	63.24	80.67	51.54	73.64

Depreciation, Depletion and Amortization	106	34.62	19.91	14.49	23.99	31.82	35.74	34.20	57.06	61.47	61.47	19.26	15.02	14.29	16.41	15.76

Operating Income	349	347	301	294	305	337	209	212	163	208	208	42.02	48.22	66.39	35.13	57.88
Interest Income/Expense	-29.25	-93.37	-109	72.97	-124	-124	-117	-80.33	-79.98	-67.68	-72.57	-21.75	-21.55	-14.85	-19.54	-16.63
Net Income	335	263	210	181	168	182	193	166	131	186	186	30.16	38.95	61.23	34.56	51.10

Earnings per Share ($)	--	3.52	2.84	2.48	2.30	2.50	2.59	2.09	1.62	2.22	2.18	0.38	0.49	0.77	0.44	0.48
Total Shares Outstanding	--	74.62	73.78	72.90	72.92	72.74	74.40	79.28	79.13	85.87	79.23	79.13	79.23	79.23	79.23	79.23
Balance Sheet	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Dec11	Mar12	Jun12	Sep12	Dec12

Cash and cash equivalents	26.52	29.19	32.86	64.57	78.26	221	224	191	155	117	117	155	112	101	126	117
Accounts Receivable	31.15	5.36	81.21	67.42	42.16	47.03	36.81	37.95	12.59	65.87	65.87	12.59	23.91	30.45	50.52	65.87
Inventory	16.25	--	0.19	0.33	0.27	0.25	0.09	0.48	1.23	2.95	2.95	1.23	--	--	3.64	2.95
Other Current Assets	37.15	197	109	175	213	63.74	4.28	5.93	23.87	56.40	56.40	23.87	91.50	113	41.63	56.40
Total Current Assets	111	232	223	307	334	332	265	235	193	243	243	193	227	244	221	243

Property, Plant and Equipment	1,864	236	315	247	583	656	628	786	1,021	1,110	1,110	1,021	1,038	1,036	1,034	1,110
Other Long Term Assets	182	1,685	1,856	2,000	2,033	2,361	2,109	1,861	1,683	1,620	1,620	1,683	1,674	1,664	1,646	1,620
Total Assets	2,156	2,153	2,394	2,554	2,950	3,348	3,001	2,882	2,896	2,973	2,973	2,896	2,939	2,944	2,902	2,973

Accounts Payable	23.39	8.58	10.89	26.21	22.76	68.07	20.74	39.78	14.47	23.26	23.26	14.47	17.03	6.70	22.24	23.26
Current Portion of Long-Term Debt	441	91.31	123	144	179	386	293	163	150	158	158	150	222	209	220	158
Other Current Liabilities	20.15	0.38	1.31	3.00	25.74	39.59	6.60	6.14	9.33	16.57	16.57	9.33	24.73	18.32	5.87	16.57
Total Current Liabilities	484	100	135	174	228	493	320	209	174	198	198	174	264	234	248	198

Long-Term Debt	850	1,388	1,671	1,771	2,091	2,210	1,843	1,760	1,760	1,674	1,674	1,760	1,692	1,690	1,630	1,674
Other Long-Term Liabilities	-0.00	4.10	26.53	8.74	17.06	128	88.81	84.67	105	107	107	105	95.48	112	114	107
Total Liabilities	1,334	1,492	1,832	1,953	2,336	2,831	2,252	2,053	2,039	1,978	1,978	2,039	2,052	2,037	1,993	1,978

Common Stock	--	74.90	73.14	72.74	72.74	--	--	--	79.13	85.23	85.23	79.13	--	--	79.23	85.23
Retained Earnings	--	123	47.27	63.38	69.77	84.80	186	246	255	289	289	255	--	--	304	289
Additional Paid-In Capital	--	463	441	464	486	2.19	59.31	592	610	706	706	610	--	--	617	706
Total Equity	822	661	562	601	614	517	749	829	857	995	995	857	887	907	909	995
Cashflow Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Dec11	Mar12	Jun12	Sep12	Dec12

Net Income	335	263	210	181	168	182	193	166	131	186	186	57.61	38.95	61.23	34.56	51.10
Depreciation, Depletion and Amortization	106	34.62	19.91	14.49	23.99	31.82	35.74	34.20	57.06	61.47	61.47	19.26	15.02	14.29	16.41	15.76
Cash Flow from Others	-25.30	-119	51.38	-1.79	10.72	-2.04	-103	-46.14	-24.57	-161	-161	-44.59	-23.68	-57.64	-30.87	-48.54
Cash Flow from Operations	416	179	281	193	202	211	126	154	164	86.57	86.57	32.28	30.29	17.87	20.09	18.32

Investment for Property, Plant & Equipement	--	-8.37	-79.77	-267	-434	-82.60	-71.47	-191	-308	-168	-168	-29.98	-44.24	-11.42	-11.82	-100
Cash Flow from Acquisitions	-70.05	-537	-518	-35.32	-0.09	--	68.00	--	37.05	--	--	--	13.49	14.16	--	-27.66
Cash Flow from Investing	-51.63	76.95	-270	-111	-379	-434	424	76.98	-5.86	34.31	34.31	125	10.64	16.01	27.99	-20.33

Net Issuance of Stock	--	9.98	-33.08	-7.21	--	--	--	--	--	89.60	89.60	--	--	--	0.69	88.91
Net Issuance of Debt	--	--	--	--	--	326	-312	-86.72	-9.39	-87.37	-87.37	-113	0.72	-12.12	-51.70	-24.27
Cash Flow for Dividends	--	-78.91	-149	-149	-159	-123	-75.57	-117	-123	-152	-152	-30.86	-23.74	-30.90	-30.90	-66.48
Other Financing	-358	-157	174	105	349	-12.21	-124	-24.01	-17.82	-5.47	-5.47	-0.19	-1.24	-1.66	-0.14	-2.43
Cash Flow from Financing	-358	-226	-7.60	-51.08	190	190	-511	-228	-150	-155	-155	-144	-24.26	-44.68	-82.05	-4.26

Net Change in Cash	5.89	29.19	3.66	31.71	13.69	-32.18	38.11	2.78	7.95	-34.37	-34.37	13.68	16.67	-10.80	-33.97	-6.28

Free Cash Flow	416	170	201	-73.25	-232	129	54.05	-37.54	-144	-80.98	-80.98	2.30	-13.96	6.45	8.28	-81.75
Valuation Ratios (Daily)	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Dec11	Mar12	Jun12	Sep12	Dec12

PE Ratio(ttm)
Price to Tangible Book
Price-to-Free-Cash-Flow ratio
PS Ratio
EV-to-Revenue
EV-to-EBITDA
EV-to-EBIT
Earnings Yield (Joel Greenblatt)
Forward Rate of Return
Shiller PE Ratio
Valuation and Quality	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Dec11	Mar12	Jun12	Sep12	Dec12

Market Cap
Enterprise Value
Month End Stock Price
Net Cash (per share)
Net Current Asset Value (per share)
DCF (per share)
Median PS (per share)
Graham Number (per share)
Altman Z-Score
Piotroski F-Score
Beneish M-Score

Switch to Another Stock:

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names

Home About Jobs Advertise Site Map Term of Use Privacy Policy RSS Email Alerts Affiliate Program FAQ Contact Us
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.

FocusBar

Home

Premium Membership

Value Screens

Model Portfolios

Guru Stocks

Market Valuation

By Country

Articles

Submit Articles