SFL Corporation Ltd (SFL) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of SFL Corporation Ltd $20.46, price $12.72, upside +60.9%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch SFL Corporation Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $4.16 – $13.75 · fair‑value band $10.21 – $34.44 · the $12.72 price screens below the $20.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow SFL Corporation in your weekly email
Every Wednesday you see whether SFL Corporation is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.
Show more
SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, oil products transportation, container transportation, car transportation, and drilling rigs. As of December 31, 2025, the company owned 17 tankers, two dry bulk carriers, 21 container vessels, seven car carriers, and two drilling rigs. It primarily operates in Bermuda, Canada, Cyprus, Liberia, Namibia, Norway, Singapore, the United Kingdom, and the Marshall Islands. SFL Corporation Ltd. was formerly known as Ship Finance International Limited and changed its name to SFL Corporation Ltd. in September 2019. The company was incorporated in 2003 and is based in Hamilton, Bermuda.
Stock analysis
SFL Corporation Ltd (SFL) currently trades at $12.72, while our model-based Fair Value estimate is $20.46, implying the stock looks roughly 37.8% undervalued today.
Show more
Valuation
Bull case: the Dividend Discount group reads highest at a median of $10.74 per share, and 4 of the 12 models we run sit above the $12.72 price.
Bear case: the Multiples group reads lowest at $3.40, and 8 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: $10.21 (bear) to $34.44 (bull), the price of $12.72 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SFL Corporation Ltd reported revenue of $720M in FY2025 versus $495M in FY2021, a compound +9.8%/yr. Reported net income was −$26.4M in FY2025.
Key figures
Market cap $1.9B · P/E ratio 52.5 · P/S ratio 2.38 · EPS (TTM) $0.2400 · Dividend yield 6.4% · Net margin −3.7% · Return on equity 3.1% · Return on assets (EBIT) 6.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 101% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 60% fair-value upside, at 61%, SFL screens cheaper than that median.
Fair Value models
Bear $10.21Fair Value $20.46Bull $34.44
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−19.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.4%
Start year 2020 (pandemic). Over 10 years: +5.9% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−34.5% (2020) → 19.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+8.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +6.1% a year for the price and −0.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (90 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Marine Shipping · 229 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside+61% · Top 25%
Profitability
Return on equity (TTM)6% · Below median
Return on assets3% · Above median
Net margin (TTM)9% · Below median
Operating margin (TTM)34% · Top 25%
Growth and dividend
Revenue growth3% · Below median
Dividend yield (TTM)6.4% · Top 25%
Balance sheet
Debt / equity2.04× · Highest 25%
Valuation Multiplesvs Marine Shipping median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is SFL Corporation Ltd (SFL) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $20.46 versus a price of $12.72, about +61% upside (undervalued).
What is the fair value of SFL?
Our model-based fair value for SFL Corporation Ltd is $20.46 (as of Sep 23, 2026), built from audited fundamentals. The current price: $12.72.
What is the quality score of SFL?
SFL Corporation Ltd has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SFL Corporation Ltd (SFL)?
Our model-based price target is the fair value of $20.46 (as of Sep 23, 2026) from 12 valuation models. Cautious scenario $10.21, optimistic scenario $34.44. It is a calculation from audited fundamentals, not an analyst target.
What is the SFL Corporation Ltd stock forecast for 2026?
Our models put fair value at $20.46, about +61% upside versus a price of $12.72 (undervalued). Cautious scenario $10.21, optimistic scenario $34.44. The calculation is refreshed regularly with new filings.
What is the revenue of SFL Corporation Ltd (SFL)?
SFL Corporation Ltd reported trailing-twelve-month revenue of about $707M (latest available figure, as of Sep 23, 2026).
Does SFL Corporation Ltd pay a dividend?
SFL Corporation Ltd currently shows a dividend yield of about 6.45% relative to its recent price (as of Sep 23, 2026).
What growth is priced into SFL Corporation Ltd (SFL)?
For today's price to be fair in a discounted-cash-flow model, SFL Corporation Ltd would have to grow free cash flow by +8.6 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of SFL use?
Our models discount SFL Corporation Ltd at 9.8 %: a base by market capitalisation (small), damped by beta 0.44, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SFL Corporation Ltd that is +8.6 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has SFL Corporation Ltd (SFL) delivered so far?
Over the past 5 years revenue at SFL Corporation Ltd grew +12.4 % a year. The price currently implies +8.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SFL Corporation Ltd (SFL) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into SFL Corporation Ltd (+8.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SFL Corporation Ltd (SFL)?
The free-cash-flow yield on the price is 13.00 %: that much free cash flow SFL Corporation Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SFL Corporation Ltd (SFL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SFL Corporation Ltd it is $20.46 per share (as of Sep 23, 2026), against a price of $12.72. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is SFL Corporation Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SFL trades below its calculated fair value: price $12.72, fair value $20.46, a gap of about +61% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SFL?
No. The price is what the market pays today ($12.72); the fair value is what the company's own numbers justify ($20.46). For SFL Corporation Ltd the two are $7.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is SFL Corporation Ltd worth?
The market values SFL Corporation Ltd at about $1.9B (market capitalisation, as of Sep 23, 2026). Per share that is $12.72; our models calculate a fair value of $20.46 per share.
What do the bullish and bearish scenarios say about SFL?
Our models span a range for SFL Corporation Ltd: cautious scenario $10.21, base $20.46, optimistic $34.44 per share (as of Sep 23, 2026, price $12.72). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SFL?
SFL Corporation Ltd trades at a price-to-earnings ratio of 52.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $20.46 is built from several models across several years. Other multiples: P/B 2.0, P/S 2.7, EV/EBITDA 8.7.
How solid is the balance sheet of SFL Corporation Ltd (SFL)?
Balance-sheet figures for SFL Corporation Ltd (as of Sep 23, 2026): return on equity 6.3%, debt of 2.04 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is SFL from its 52-week high?
SFL Corporation Ltd trades at $12.72, about 7% below its 52-week high of $13.75 and 101% above the low of $6.31 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $20.46 is for.
Which stocks are comparable to SFL Corporation Ltd?
From the same area (Industrials) we also value Adani Ports and Special Economic Zone Limited, COSCO SHIPPING Holdings, Hapag-Lloyd Aktiengesellschaft,, Shanghai International Port (Group) Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SFL Corporation Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price $12.72, calculated fair value $20.46 (+61%), Quality Score 49/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SFL calculated?
We run SFL Corporation Ltd through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $20.46, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. SFL Corporation Ltd currently trades 61 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SFL Corporation Ltd (SFL)?
The closing price on Sep 23, 2026 was $12.72. Our model-based fair value is $20.46, about +61% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SFL Corporation Ltd right now?
The model range is unusually wide ($10.21 to $34.44). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of SFL Corporation Ltd (SFL) come from?
Earnings per share at SFL Corporation Ltd grew −7.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.3 %, EBIT margin −2.5 %, tax rate +2.6 %, residual (interest, one-offs) −12.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of SFL Corporation Ltd
How large is the market capitalisation of SFL Corporation Ltd (SFL)?
The market capitalisation of SFL Corporation Ltd is $1.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SFL Corporation Ltd (SFL)?
The price-to-sales ratio of SFL Corporation Ltd is 2.38 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SFL Corporation Ltd (SFL)?
Earnings per share at SFL Corporation Ltd are $0.2400 (price ÷ EPS = P/E 52.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SFL Corporation Ltd (SFL)?
The dividend yield of SFL Corporation Ltd is 6.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SFL Corporation Ltd (SFL)?
The net margin of SFL Corporation Ltd is −3.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SFL Corporation Ltd (SFL)?
The return on equity (ROE) of SFL Corporation Ltd is 3.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SFL Corporation Ltd (SFL)?
On an EBIT basis the return on assets of SFL Corporation Ltd is 6.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SFL Corporation Ltd (SFL)?
The operating margin of SFL Corporation Ltd is 25.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SFL Corporation Ltd (SFL)?
Revenue at SFL Corporation Ltd is growing −6.7% versus a year earlier (3y avg +3.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SFL Corporation Ltd (SFL)?
Earnings per share at SFL Corporation Ltd are growing −80.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SFL Corporation Ltd (SFL) carry?
The net debt of SFL Corporation Ltd is $2.4B (fiscal year 2025, ≈ 11.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch SFL Corporation Ltd in the live analysis
One click puts SFL Corporation Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Some data
Sep 23, 2026