FLEX LNG LTD (FLNG.OL) Stock Fundamental Analysis
OSL:FLNG - Euronext Oslo - BMG359472021 - Common Stock - Currency: NOK
FLNG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 59 industry peers in the Oil, Gas & Consumable Fuels industry. FLNG scores excellent on profitability, but there are some minor concerns on its financial health. FLNG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
FLNG had positive earnings in the past year.
FLNG had a positive operating cash flow in the past year.
FLNG had positive earnings in each of the past 5 years.
FLNG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.41%, FLNG is in line with its industry, outperforming 45.76% of the companies in the same industry.
With a decent Return On Equity value of 14.59%, FLNG is doing good in the industry, outperforming 64.41% of the companies in the same industry.
FLNG has a Return On Invested Capital (6.07%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for FLNG is significantly below the industry average of 14.75%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.41% | ||
| ROE | 14.59% | ||
| ROIC | 6.07% |
ROA(3y)5.29%
ROA(5y)4.5%
ROE(3y)16.49%
ROE(5y)13.74%
ROIC(3y)6.24%
ROIC(5y)5.55%
1.3 Margins
The Profit Margin of FLNG (33.02%) is better than 88.14% of its industry peers.
In the last couple of years the Profit Margin of FLNG has grown nicely.
FLNG's Operating Margin of 55.51% is amongst the best of the industry. FLNG outperforms 96.61% of its industry peers.
In the last couple of years the Operating Margin of FLNG has grown nicely.
Looking at the Gross Margin, with a value of 80.38%, FLNG belongs to the top of the industry, outperforming 84.75% of the companies in the same industry.
FLNG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.51% | ||
| PM (TTM) | 33.02% | ||
| GM | 80.38% |
OM growth 3Y-1.78%
OM growth 5Y3.9%
PM growth 3Y-11.24%
PM growth 5Y18.48%
GM growth 3Y-0.73%
GM growth 5Y-0.23%
2. Health
2.1 Basic Checks
FLNG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FLNG has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, FLNG has about the same amount of shares outstanding.
FLNG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.78, we must say that FLNG is in the distress zone and has some risk of bankruptcy.
FLNG has a Altman-Z score of 0.78. This is in the lower half of the industry: FLNG underperforms 77.97% of its industry peers.
FLNG has a debt to FCF ratio of 9.90. This is a negative value and a sign of low solvency as FLNG would need 9.90 years to pay back of all of its debts.
FLNG has a Debt to FCF ratio of 9.90. This is comparable to the rest of the industry: FLNG outperforms 45.76% of its industry peers.
A Debt/Equity ratio of 2.11 is on the high side and indicates that FLNG has dependencies on debt financing.
FLNG has a Debt to Equity ratio of 2.11. This is amonst the worse of the industry: FLNG underperforms 91.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.11 | ||
| Debt/FCF | 9.9 | ||
| Altman-Z | 0.78 |
ROIC/WACC0.66
WACC9.23%
2.3 Liquidity
A Current Ratio of 2.99 indicates that FLNG has no problem at all paying its short term obligations.
FLNG has a better Current ratio (2.99) than 81.36% of its industry peers.
A Quick Ratio of 2.96 indicates that FLNG has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.96, FLNG belongs to the best of the industry, outperforming 83.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.99 | ||
| Quick Ratio | 2.96 |
3. Growth
3.1 Past
FLNG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -10.71%.
The Earnings Per Share has been growing by 46.48% on average over the past years. This is a very strong growth
The Revenue has decreased by -3.95% in the past year.
FLNG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.33% yearly.
EPS 1Y (TTM)-10.71%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-22.86%
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-1.99%
3.2 Future
The Earnings Per Share is expected to decrease by -0.27% on average over the next years.
The Revenue is expected to grow by 0.25% on average over the next years.
EPS Next Y-18.56%
EPS Next 2Y-2.87%
EPS Next 3Y-0.27%
EPS Next 5YN/A
Revenue Next Year-3.61%
Revenue Next 2Y-0.05%
Revenue Next 3Y0.25%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 10.54, which indicates a very decent valuation of FLNG.
FLNG's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of FLNG to the average of the S&P500 Index (26.20), we can say FLNG is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.41, the valuation of FLNG can be described as reasonable.
FLNG's Price/Forward Earnings ratio is in line with the industry average.
FLNG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.54 | ||
| Fwd PE | 10.41 |
4.2 Price Multiples
72.88% of the companies in the same industry are cheaper than FLNG, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, FLNG is valued a bit cheaper than the industry average as 74.58% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.92 | ||
| EV/EBITDA | 9.66 |
4.3 Compensation for Growth
The decent profitability rating of FLNG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.23
EPS Next 2Y-2.87%
EPS Next 3Y-0.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.40%, FLNG is a good candidate for dividend investing.
FLNG's Dividend Yield is rather good when compared to the industry average which is at 60.24. FLNG pays more dividend than 91.53% of the companies in the same industry.
FLNG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.4% |
5.2 History
The dividend of FLNG is nicely growing with an annual growth rate of 97.42%!
Dividend Growth(5Y)97.42%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
FLNG pays out 137.38% of its income as dividend. This is not a sustainable payout ratio.
FLNG's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP137.38%
EPS Next 2Y-2.87%
EPS Next 3Y-0.27%
OSL:FLNG (5/28/2025, 7:00:00 PM)
235.5
+2 (+0.86%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.75%
Inst Owner ChangeN/A
Ins Owners0.33%
Ins Owner ChangeN/A
Market Cap12.84B
Analysts72.86
Price Target297.57 (26.36%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.4% |
Yearly Dividend30.57
Dividend Growth(5Y)97.42%
DP137.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.99%
Min EPS beat(2)-10.02%
Max EPS beat(2)0.05%
EPS beat(4)3
Avg EPS beat(4)4.53%
Min EPS beat(4)-10.02%
Max EPS beat(4)18.84%
EPS beat(8)3
Avg EPS beat(8)-3.3%
EPS beat(12)5
Avg EPS beat(12)-0.08%
EPS beat(16)7
Avg EPS beat(16)0.03%
Revenue beat(2)0
Avg Revenue beat(2)-1.96%
Min Revenue beat(2)-2.97%
Max Revenue beat(2)-0.94%
Revenue beat(4)0
Avg Revenue beat(4)-2.23%
Min Revenue beat(4)-3.29%
Max Revenue beat(4)-0.94%
Revenue beat(8)0
Avg Revenue beat(8)-2.17%
Revenue beat(12)1
Avg Revenue beat(12)-2.22%
Revenue beat(16)2
Avg Revenue beat(16)-1.95%
PT rev (1m)-0.97%
PT rev (3m)-0.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.62%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)-1.58%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.54 | ||
| Fwd PE | 10.41 | ||
| P/S | 3.55 | ||
| P/FCF | 6.92 | ||
| P/OCF | 6.92 | ||
| P/B | 1.57 | ||
| P/tB | 1.57 | ||
| EV/EBITDA | 9.66 |
EPS(TTM)22.35
EY9.49%
EPS(NY)22.61
Fwd EY9.6%
FCF(TTM)34.05
FCFY14.46%
OCF(TTM)34.05
OCFY14.46%
SpS66.39
BVpS150.27
TBVpS150.27
PEG (NY)N/A
PEG (5Y)0.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.41% | ||
| ROE | 14.59% | ||
| ROCE | 7.88% | ||
| ROIC | 6.07% | ||
| ROICexc | 7.35% | ||
| ROICexgc | 7.35% | ||
| OM | 55.51% | ||
| PM (TTM) | 33.02% | ||
| GM | 80.38% | ||
| FCFM | 51.3% |
ROA(3y)5.29%
ROA(5y)4.5%
ROE(3y)16.49%
ROE(5y)13.74%
ROIC(3y)6.24%
ROIC(5y)5.55%
ROICexc(3y)7.39%
ROICexc(5y)6.39%
ROICexgc(3y)7.39%
ROICexgc(5y)6.39%
ROCE(3y)8.11%
ROCE(5y)7.21%
ROICexcg growth 3Y2.05%
ROICexcg growth 5Y20.33%
ROICexc growth 3Y2.05%
ROICexc growth 5Y20.33%
OM growth 3Y-1.78%
OM growth 5Y3.9%
PM growth 3Y-11.24%
PM growth 5Y18.48%
GM growth 3Y-0.73%
GM growth 5Y-0.23%
F-Score4
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.11 | ||
| Debt/FCF | 9.9 | ||
| Debt/EBITDA | 6.23 | ||
| Cap/Depr | 0.01% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 1.88 | ||
| Cash Conversion | 66.89% | ||
| Profit Quality | 155.33% | ||
| Current Ratio | 2.99 | ||
| Quick Ratio | 2.96 | ||
| Altman-Z | 0.78 |
F-Score4
WACC9.23%
ROIC/WACC0.66
Cap/Depr(3y)0%
Cap/Depr(5y)406.61%
Cap/Sales(3y)0%
Cap/Sales(5y)99.57%
Profit Quality(3y)139.36%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.71%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-22.86%
EPS Next Y-18.56%
EPS Next 2Y-2.87%
EPS Next 3Y-0.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-1.99%
Revenue Next Year-3.61%
Revenue Next 2Y-0.05%
Revenue Next 3Y0.25%
Revenue Next 5YN/A
EBIT growth 1Y-8.92%
EBIT growth 3Y-0.56%
EBIT growth 5Y29.17%
EBIT Next Year29.53%
EBIT Next 3Y11.48%
EBIT Next 5YN/A
FCF growth 1Y4.44%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.44%
OCF growth 3Y-5.24%
OCF growth 5Y28.82%