Tufton Assets Limited (SHIP.L) Stock Analysis & Winston Score

Winston Score History

Tufton Oceanic Assets Limited is a closed-end investment fund listed on the London Stock Exchange that owns a fleet of commercial ships. Instead of running the ships itself, it buys vessels — such as tankers, bulk carriers, and container ships — and leases them to shipping companies around the world. The fund is managed by Tufton Investment Management, a specialist firm focused entirely on the maritime sector.

The company makes money by collecting lease income from the ships it owns, and it aims to return cash to shareholders through dividends. It operates globally, since its vessels trade on international shipping routes, though the fund itself is domiciled in Guernsey and listed in London. Its competitive edge comes from Tufton's deep industry expertise and its ability to buy ships at attractive prices in a cyclical market. The main risk is that shipping rates can fall sharply during economic downturns, which reduces lease income and can push down the value of the vessels the fund holds.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-25.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-264.3% YoY

YoY Growth Rate

Earnings declining

Insider Activity

0.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£346M cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Tufton Assets Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

N/A

Data not available

Profit after running costs

Operating Margin

N/A

Data not available

Return on the money invested

ROCE

-7.6%

Weak — -7.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-54.7%

Shrinking sales (-54.7% YoY)

Profit growth

EPS YoY

-147.5%

Earnings shrinking (-147.5% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

83.8%

Converts sales into free cash efficiently (83.8%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

—

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

7.33%

no trend

Healthy income — 7.33% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

-2.9%

no trend

Dividend cut (-2.9% YoY) — warning sign

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