SFL CORP Reports Q1 Earnings for FY2023, Ending May 15, 2023.
May 27, 2023
Earnings Overview
SFL CORP ($BER:UG6) released their financial results for the quarter ending on May 15 2023 on March 31 2023. Their total revenue for this period was USD 173.3 million, signifying a 13.7% increase year-on-year. Unfortunately, their net income dropped significantly by 86.5% to USD 6.3 million compared to the same period in the prior year.
Price History
On Monday, SFL CORP reported its quarterly earnings for the first quarter of fiscal year 2023, ending on May 15, 2023. The stock opened at €7.9 and closed at €7.9, a decrease of 1.6% from its prior closing price of 8.0. Overall, the company has seen positive growth since the beginning of fiscal year 2023 and looks set to continue this trend in the upcoming quarters. This report has been well received by investors as they look to capitalize on the positive trends in the company’s financial performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sfl Corp. More…
| Total Revenues | Net Income | Net Margin |
| 645.84 | 160.65 | 20.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sfl Corp. More…
| Operations | Investing | Financing |
| 327.68 | -271.68 | -34.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sfl Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.78k | 2.71k | 8.61 |
Key Ratios Snapshot
Some of the financial key ratios for Sfl Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.6% | 6.1% | 43.5% |
| FCF Margin | ROE | ROA |
| -10.9% | 16.1% | 4.6% |
Analysis
GoodWhale’s analysis of SFL CORP‘s financials shows that, according to our Star Chart, SFL CORP is strong in dividend and growth, medium in profitability and weak in asset. Based on this, we classify SFL CORP as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be of interest to investors looking for short-term growth opportunities and who are willing to accept the higher level of risk inherent in the company’s financial performance. Additionally, SFL CORP has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it might be able to sustain future operations in times of crisis. More…
Summary
Investors may be concerned about SFL CORP‘s FY2023 Q1 earnings results. Their total revenue increased by 13.7%, but their net income declined by 86.5%. This implies that despite the revenue growth, their operating costs have significantly increased. Investors should further investigate the factors that have caused the sharp decline in profitability and determine if this trend is likely to continue.
Additionally, it is important to consider SFL CORP’s overall financial situation, including their current and future debt levels. Ultimately, a comprehensive analysis is necessary before making any investment decisions.
Related Posts
Recent Posts
