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SFL Corporation Valuation Multiples

Discover revenue and EBITDA valuation multiples for SFL Corporation and similar public comparables like SM SAAM, Flex LNG, Dorian LPG, Daehan Shipbuilding and more.

SFL Corporation Overview

About SFL Corporation

SFL Corp Ltd is an international ship-owning and chartering company. The company is engaged in transporting crude oil and oil products, dry bulk and containerized cargoes, freight of rolling cargo, and offshore drilling and related activities.


Founded

2003

HQ

United States

Employees

24

Financials (LTM)

Revenue: $712M
EBITDA: $404M

EV

$4B

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SFL Corporation Financials

SFL Corporation reported last 12-month revenue of $712M and EBITDA of $404M.

In the same LTM period, SFL Corporation generated $430M in gross profit, $404M in EBITDA, and had net loss of ($5M).

Revenue (LTM)


SFL Corporation P&L

In the most recent fiscal year, SFL Corporation reported revenue of $733M and EBITDA of $412M.

SFL Corporation is unprofitable as of last fiscal year, with gross margin of 25%, EBITDA margin of 56%, and net margin of (4%).

See analyst estimates for SFL Corporation
LTMLast FY202320242025202620272028
Revenue$712M$733M$738M$892M$719M
Gross Profit$430M$182M$230M$309M$182M
Gross Margin60%25%31%35%25%
EBITDA$404M$412M$466M$560M$386M
EBITDA Margin57%56%63%63%54%
EBIT Margin23%24%30%33%25%
Net Profit($5M)($26M)$84M$131M($26M)
Net Margin(1%)(4%)11%15%(4%)
Net Debt—$2B———

Financial data powered by Morningstar, Inc.

SFL Corporation Stock Performance

SFL Corporation has current market cap of $2B, and enterprise value of $4B.

Market Cap Evolution


SFL Corporation's stock price is $12.48.

SFL Corporation share price increased by 8.2% in the last 30 days, and by 45.5% in the last year.

SFL Corporation has an EPS (earnings per share) of $-0.20.

See more trading valuation data for SFL Corporation
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$4B$2B0.0%8.2%13.4%45.5%$-0.20

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SFL Corporation Valuation Multiples

SFL Corporation trades at 5.7x EV/Revenue multiple, and 10.0x EV/EBITDA.

See NTM and 2027E valuation multiples for SFL Corporation

EV / Revenue (LTM)


SFL Corporation Financial Valuation Multiples

As of May 18, 2026, SFL Corporation has market cap of $2B and EV of $4B.

SFL Corporation has a P/E ratio of (356.3x).

LTMLast FY202320242025202620272028
EV/Revenue5.7x5.5x5.5x4.5x5.6x
EV/EBITDA10.0x9.8x8.6x7.2x10.4x
EV/EBIT24.5x22.7x18.0x13.5x22.7x
EV/Gross Profit9.4x22.1x17.5x13.0x22.1x
P/En/m(62.8x)19.8x12.7x(62.8x)
EV/FCF14.3x11.3x51.2x(14.6x)20.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified SFL Corporation Valuation Multiples

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SFL Corporation Margins & Growth Rates

SFL Corporation decreased revenue by 8% and EBITDA by 5% in the last fiscal year.

In the most recent fiscal year, SFL Corporation reported gross margin of 25%, EBITDA margin of 56%, and net margin of (4%).

See estimated margins and future growth rates for SFL Corporation

SFL Corporation Margins

Last FY202420252026202720282029
Gross Margin25%35%25%62%
EBITDA Margin56%63%54%58%
EBIT Margin24%33%25%25%
Net Margin(4%)15%(4%)5%
FCF Margin49%(31%)27%23%

SFL Corporation Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(8%)21%(19%)(6%)
Gross Profit Growth130%34%(41%)130%
EBITDA Growth(5%)20%(31%)1%
EBIT Growth(6%)34%(41%)(6%)
Net Profit Growth(219%)56%(120%)(219%)
FCF Growth(56%)(450%)(172%)(21%)

Data powered by FactSet, Inc. and Morningstar, Inc.

SFL Corporation Operational KPIs

SFL Corporation's revenue per employee in the last FY averaged $30.5M, while opex per employee averaged $0.2M for the same period.

SFL Corporation's Rule of 40 is 52% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

SFL Corporation's Rule of X is 43% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for SFL Corporation
LTMLast FY202320242025202620272028
Rule of 4056%52%———
Bessemer Rule of X56%43%———
Revenue per Employee—$30.5M———
Opex per Employee—$0.2M———
G&A Expenses to Revenue3%3%2%2%3%
Opex to Revenue—1%1%1%1%

Data powered by FactSet, Inc. and Morningstar, Inc.

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SFL Corporation Competitors

SFL Corporation competitors include SM SAAM, Flex LNG, Dorian LPG, Daehan Shipbuilding, Luka Koper, Global Ship Lease, Solstad Maritime, Yinson, Dalrymple Bay Infrastructure and Hamburger Hafen.

Most SFL Corporation public comparables operate across Marine Transportation.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
SM SAAM2.5x—11.1x—
Flex LNG9.1x—13.0x—
Dorian LPG6.0x4.6x11.0x7.6x
Daehan Shipbuilding1.7x1.7x6.4x6.2x
Luka Koper3.5x—9.7x—
Global Ship Lease2.2x2.2x2.9x3.3x
Solstad Maritime3.4x3.2x5.9x6.2x
Yinson3.8x3.9x6.3x6.4x

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About SFL Corporation

When was SFL Corporation founded?SFL Corporation was founded in 2003.
Where is SFL Corporation headquartered?SFL Corporation is headquartered in United States.
How many employees does SFL Corporation have?As of today, SFL Corporation has over 24 employees.
Who is the CEO of SFL Corporation?SFL Corporation's CEO is Ole B. Hjertaker.
Is SFL Corporation publicly listed?Yes, SFL Corporation is a public company listed on NYSE.
What is the stock symbol of SFL Corporation?SFL Corporation trades under SFL ticker.
When did SFL Corporation go public?SFL Corporation went public in 2004.
Who are competitors of SFL Corporation?SFL Corporation main competitors include SM SAAM, Flex LNG, Dorian LPG, Daehan Shipbuilding, Luka Koper, Global Ship Lease, Solstad Maritime, Yinson, Dalrymple Bay Infrastructure, Hamburger Hafen.
What is the current market cap of SFL Corporation?SFL Corporation's current market cap is $2B.
What is the current revenue of SFL Corporation?SFL Corporation's last 12 months revenue is $712M.
What is the current revenue growth of SFL Corporation?SFL Corporation revenue growth (NTM/LTM) is (0%).
What is the current EV/Revenue multiple of SFL Corporation?Current revenue multiple of SFL Corporation is 5.7x.
Is SFL Corporation profitable?Yes, SFL Corporation is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of SFL Corporation?SFL Corporation's last 12 months EBITDA is $404M.
What is SFL Corporation's EBITDA margin?SFL Corporation's last 12 months EBITDA margin is 57%.
What is the current EV/EBITDA multiple of SFL Corporation?Current EBITDA multiple of SFL Corporation is 10.0x.
What is the current FCF of SFL Corporation?SFL Corporation's last 12 months FCF is $281M.
What is SFL Corporation's FCF margin?SFL Corporation's last 12 months FCF margin is 40%.
What is the current EV/FCF multiple of SFL Corporation?Current FCF multiple of SFL Corporation is 14.3x.
How many companies SFL Corporation has acquired to date?SFL Corporation hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies SFL Corporation has invested to date?SFL Corporation hasn't invested in any companies yet (or none have been disclosed publicly).

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