FSLUF (First Ship Lease Trust) Enterprise Value: $33.79 Mil (As of Jul. 02, 2026) ***


What is First Ship Lease Trust Enterprise Value?

First Ship Lease Trust FSLUF Enterprise Value is $33.79 Mil as of Jul. 02, 2026. The stock has 2 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, First Ship Lease Trust's Enterprise Value is $33.79 Mil. First Ship Lease Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $7.14 Mil. Therefore, First Ship Lease Trust's EV-to-EBIT ratio for today is 4.74.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, First Ship Lease Trust's Enterprise Value is $33.79 Mil. First Ship Lease Trust's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $9.31 Mil. Therefore, First Ship Lease Trust's EV-to-EBITDA ratio for today is 3.63.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, First Ship Lease Trust's Enterprise Value is $33.79 Mil. First Ship Lease Trust's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was $6.05 Mil. Therefore, First Ship Lease Trust's EV-to-Revenue ratio for today is 5.58.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, First Ship Lease Trust's Enterprise Value is $33.79 Mil. First Ship Lease Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $4.43 Mil. Therefore, First Ship Lease Trust's EV-to-OCF ratio for today is 7.63.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, First Ship Lease Trust's Enterprise Value is $33.79 Mil. First Ship Lease Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $4.43 Mil. Therefore, First Ship Lease Trust's EV-to-FCF ratio for today is 7.63.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


First Ship Lease Trust  (OTCPK:FSLUF) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

First Ship Lease Trust's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=33.792/7.135
=4.74

First Ship Lease Trust's current Enterprise Value is $33.79 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Ship Lease Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $7.14 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

First Ship Lease Trust's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=33.792/9.308
=3.63

First Ship Lease Trust's current Enterprise Value is $33.79 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Ship Lease Trust's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $9.31 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

First Ship Lease Trust's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=33.792/6.051
=5.58

First Ship Lease Trust's current Enterprise Value is $33.79 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Ship Lease Trust's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was $6.05 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

First Ship Lease Trust's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=33.792/4.426
=7.63

First Ship Lease Trust's current Enterprise Value is $33.79 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Ship Lease Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $4.43 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

First Ship Lease Trust's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=33.792/4.426
=7.63

First Ship Lease Trust's current Enterprise Value is $33.79 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Ship Lease Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $4.43 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Ship Lease Trust Enterprise Value Related Terms


First Ship Lease Trust Enterprise Value Historical Data

* Premium members only.

The historical data trend for First Ship Lease Trust's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Ship Lease Trust Enterprise Value Chart

First Ship Lease Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 83.92 54.12 48.66 61.05 49.89

First Ship Lease Trust Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.66 72.21 61.05 52.43 49.89

FSLUF vs URI, SUNB, AER: Enterprise Value Comparison

For the Rental & Leasing Services subindustry, First Ship Lease Trust's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Ship Lease Trust Enterprise Value vs Business Services Industry

For the Business Services industry and Industrials sector, First Ship Lease Trust's Enterprise Value distribution charts can be found below:

* The bar in red indicates where First Ship Lease Trust's Enterprise Value falls into.



First Ship Lease Trust Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

First Ship Lease Trust's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

First Ship Lease Trust's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of $33.79 Mil mean?
First Ship Lease Trust (FSLUF) has a Enterprise Value of $33.79 Mil as of Jul. 02, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Ship Lease Trust and its competitors.
Is First Ship Lease Trust's Enterprise Value too high?
First Ship Lease Trust's current Enterprise Value is $33.79 Mil.
How does First Ship Lease Trust's Enterprise Value compare to URI and SUNB?
First Ship Lease Trust's Enterprise Value of $33.79 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Business Services company?
A good Enterprise Value depends on the Business Services industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Ship Lease Trust and its competitors. First Ship Lease Trust's current Enterprise Value is $33.79 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Ship Lease Trust stock overvalued right now?
First Ship Lease Trust (FSLUF) has a current Enterprise Value of $33.79 Mil. The stock's GF Value™ is $0.02, compared to a current price of $0.04 — trading 100% above its estimated fair value. The current Enterprise Value is $33.79 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For First Ship Lease Trust (FSLUF), the current Enterprise Value is $33.79 Mil as of Jul. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Ship Lease Trust Business Description

Other Exchanges D8DU:Singapore
Address 7 Temasek Boulevard, No. 26-02 Suntec Tower One, Singapore, SGP, 038987
First Ship Lease Trust is engaged in the shipping business. The trust acts as a shipowner and provider of leasing services to the international shipping industry. The group has one segment that is only involved in the leasing and chartering of vessels which is carried out in international waters. The company has 6 vessels chartered to an international shipping company on fixed-rate period bareboat charters.