FLEX LNG LTD (FLNG) Fundamental Analysis & Valuation

NYSE:FLNG • BMG359472021

Current stock price

31.42 USD
+0.44 (+1.42%)
At close:
31.42 USD
0 (0%)
After Hours:

This FLNG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. FLNG Profitability Analysis

1.1 Basic Checks

  • In the past year FLNG was profitable.
  • In the past year FLNG had a positive cash flow from operations.
  • In the past 5 years FLNG has always been profitable.
  • Each year in the past 5 years FLNG had a positive operating cash flow.
FLNG Yearly Net Income VS EBIT VS OCF VS FCFFLNG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.85%, FLNG is in line with its industry, outperforming 47.85% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 10.40%, FLNG is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
  • FLNG has a Return On Invested Capital (5.65%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for FLNG is significantly below the industry average of 22.52%.
Industry RankSector Rank
ROA 2.85%
ROE 10.4%
ROIC 5.65%
ROA(3y)3.9%
ROA(5y)5%
ROE(3y)13.05%
ROE(5y)15.62%
ROIC(3y)6.2%
ROIC(5y)6.27%
FLNG Yearly ROA, ROE, ROICFLNG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 21.52%, FLNG is in the better half of the industry, outperforming 77.51% of the companies in the same industry.
  • FLNG's Profit Margin has improved in the last couple of years.
  • FLNG's Operating Margin of 50.57% is amongst the best of the industry. FLNG outperforms 92.82% of its industry peers.
  • In the last couple of years the Operating Margin of FLNG has grown nicely.
  • FLNG has a Gross Margin of 78.46%. This is amongst the best in the industry. FLNG outperforms 88.52% of its industry peers.
  • In the last couple of years the Gross Margin of FLNG has remained more or less at the same level.
Industry RankSector Rank
OM 50.57%
PM (TTM) 21.52%
GM 78.46%
OM growth 3Y-4.28%
OM growth 5Y1.92%
PM growth 3Y-26.43%
PM growth 5Y34.29%
GM growth 3Y-1.37%
GM growth 5Y0.25%
FLNG Yearly Profit, Operating, Gross MarginsFLNG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60 80

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4

2. FLNG Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLNG is destroying value.
  • FLNG has about the same amout of shares outstanding than it did 1 year ago.
  • FLNG has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FLNG is higher compared to a year ago.
FLNG Yearly Shares OutstandingFLNG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
FLNG Yearly Total Debt VS Total AssetsFLNG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • Based on the Altman-Z score of 0.93, we must say that FLNG is in the distress zone and has some risk of bankruptcy.
  • FLNG has a Altman-Z score (0.93) which is comparable to the rest of the industry.
  • FLNG has a debt to FCF ratio of 13.13. This is a negative value and a sign of low solvency as FLNG would need 13.13 years to pay back of all of its debts.
  • FLNG has a Debt to FCF ratio (13.13) which is in line with its industry peers.
  • A Debt/Equity ratio of 2.42 is on the high side and indicates that FLNG has dependencies on debt financing.
  • FLNG has a worse Debt to Equity ratio (2.42) than 84.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 13.13
Altman-Z 0.93
ROIC/WACC0.89
WACC6.37%
FLNG Yearly LT Debt VS Equity VS FCFFLNG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 3.03 indicates that FLNG has no problem at all paying its short term obligations.
  • The Current ratio of FLNG (3.03) is better than 82.30% of its industry peers.
  • A Quick Ratio of 2.98 indicates that FLNG has no problem at all paying its short term obligations.
  • The Quick ratio of FLNG (2.98) is better than 82.78% of its industry peers.
Industry RankSector Rank
Current Ratio 3.03
Quick Ratio 2.98
FLNG Yearly Current Assets VS Current LiabilitesFLNG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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3

3. FLNG Growth Analysis

3.1 Past

  • The earnings per share for FLNG have decreased strongly by -21.19% in the last year.
  • 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 -2.44% 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)-21.19%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-24.56%
Revenue 1Y (TTM)-2.44%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-3.74%

3.2 Future

  • Based on estimates for the next years, FLNG will show a decrease in Earnings Per Share. The EPS will decrease by -1.96% on average per year.
  • Based on estimates for the next years, FLNG will show a decrease in Revenue. The Revenue will decrease by -0.33% on average per year.
EPS Next Y-17.54%
EPS Next 2Y-14.45%
EPS Next 3Y-6.58%
EPS Next 5Y-1.96%
Revenue Next Year-5.18%
Revenue Next 2Y-2.88%
Revenue Next 3Y-1.24%
Revenue Next 5Y-0.33%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FLNG Yearly Revenue VS EstimatesFLNG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M
FLNG Yearly EPS VS EstimatesFLNG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 2 3

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4

4. FLNG Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.89, FLNG is valued correctly.
  • Compared to the rest of the industry, the Price/Earnings ratio of FLNG is on the same level as its industry peers.
  • FLNG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.42.
  • FLNG is valuated rather expensively with a Price/Forward Earnings ratio of 18.19.
  • FLNG's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of FLNG to the average of the S&P500 Index (22.29), we can say FLNG is valued inline with the index average.
Industry RankSector Rank
PE 16.89
Fwd PE 18.19
FLNG Price Earnings VS Forward Price EarningsFLNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as FLNG.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLNG indicates a somewhat cheap valuation: FLNG is cheaper than 78.47% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 12.08
EV/EBITDA 12.19
FLNG Per share dataFLNG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • FLNG has a very decent profitability rating, which may justify a higher PE ratio.
  • FLNG's earnings are expected to decrease with -6.58% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.36
EPS Next 2Y-14.45%
EPS Next 3Y-6.58%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. FLNG Dividend Analysis

5.1 Amount

  • FLNG has a Yearly Dividend Yield of 9.66%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.22, FLNG pays a better dividend. On top of this FLNG pays more dividend than 93.30% of the companies listed in the same industry.
  • FLNG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 9.66%

5.2 History

  • On average, the dividend of FLNG grows each year by 71.82%, which is quite nice.
  • FLNG has been paying a dividend for over 5 years, so it has already some track record.
  • FLNG has decreased its dividend in the last 3 years.
Dividend Growth(5Y)71.82%
Div Incr Years0
Div Non Decr Years2
FLNG Yearly Dividends per shareFLNG Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • FLNG pays out 216.89% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of FLNG has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP216.89%
EPS Next 2Y-14.45%
EPS Next 3Y-6.58%
FLNG Yearly Income VS Free CF VS DividendFLNG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M
FLNG Dividend Payout.FLNG Dividend Payout, showing the Payout Ratio.FLNG Dividend Payout.PayoutRetained Earnings

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FLNG Fundamentals: All Metrics, Ratios and Statistics

FLEX LNG LTD

NYSE:FLNG (4/27/2026, 4:15:00 PM)

After market: 31.42 0 (0%)

31.42

+0.44 (+1.42%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11
Earnings (Next)05-19
Inst Owners22.32%
Inst Owner Change1.7%
Ins Owners0.15%
Ins Owner Change0%
Market Cap1.70B
Revenue(TTM)347.64M
Net Income(TTM)74.81M
Analysts49.09
Price Target26.42 (-15.91%)
Short Float %12.37%
Short Ratio5.77
Dividend
Industry RankSector Rank
Dividend Yield 9.66%
Yearly Dividend3
Dividend Growth(5Y)71.82%
DP216.89%
Div Incr Years0
Div Non Decr Years2
Ex-Date02-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.1%
Min EPS beat(2)-8.35%
Max EPS beat(2)-7.85%
EPS beat(4)2
Avg EPS beat(4)-0.63%
Min EPS beat(4)-8.35%
Max EPS beat(4)7.17%
EPS beat(8)5
Avg EPS beat(8)1.95%
EPS beat(12)5
Avg EPS beat(12)-2.41%
EPS beat(16)7
Avg EPS beat(16)-0.22%
Revenue beat(2)1
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-1.37%
Max Revenue beat(2)0.42%
Revenue beat(4)2
Avg Revenue beat(4)-0.3%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)0.75%
Revenue beat(8)2
Avg Revenue beat(8)-1.27%
Revenue beat(12)2
Avg Revenue beat(12)-1.54%
Revenue beat(16)3
Avg Revenue beat(16)-1.74%
PT rev (1m)2.78%
PT rev (3m)0.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20%
EPS NY rev (1m)4.66%
EPS NY rev (3m)-14.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.79%
Valuation
Industry RankSector Rank
PE 16.89
Fwd PE 18.19
P/S 4.89
P/FCF 12.08
P/OCF 12.08
P/B 2.36
P/tB 2.36
EV/EBITDA 12.19
EPS(TTM)1.86
EY5.92%
EPS(NY)1.73
Fwd EY5.5%
FCF(TTM)2.6
FCFY8.28%
OCF(TTM)2.6
OCFY8.28%
SpS6.43
BVpS13.3
TBVpS13.3
PEG (NY)N/A
PEG (5Y)0.36
Graham Number23.5902 (-24.92%)
Profitability
Industry RankSector Rank
ROA 2.85%
ROE 10.4%
ROCE 7.15%
ROIC 5.65%
ROICexc 6.91%
ROICexgc 6.91%
OM 50.57%
PM (TTM) 21.52%
GM 78.46%
FCFM 40.48%
ROA(3y)3.9%
ROA(5y)5%
ROE(3y)13.05%
ROE(5y)15.62%
ROIC(3y)6.2%
ROIC(5y)6.27%
ROICexc(3y)7.48%
ROICexc(5y)7.35%
ROICexgc(3y)7.48%
ROICexgc(5y)7.35%
ROCE(3y)7.84%
ROCE(5y)7.94%
ROICexgc growth 3Y-1.48%
ROICexgc growth 5Y18.77%
ROICexc growth 3Y-1.48%
ROICexc growth 5Y18.77%
OM growth 3Y-4.28%
OM growth 5Y1.92%
PM growth 3Y-26.43%
PM growth 5Y34.29%
GM growth 3Y-1.37%
GM growth 5Y0.25%
F-Score4
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 13.13
Debt/EBITDA 6.89
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage 1.89
Cash Conversion 55.75%
Profit Quality 188.11%
Current Ratio 3.03
Quick Ratio 2.98
Altman-Z 0.93
F-Score4
WACC6.37%
ROIC/WACC0.89
Cap/Depr(3y)0%
Cap/Depr(5y)76.17%
Cap/Sales(3y)0%
Cap/Sales(5y)15.49%
Profit Quality(3y)163.08%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.19%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-24.56%
EPS Next Y-17.54%
EPS Next 2Y-14.45%
EPS Next 3Y-6.58%
EPS Next 5Y-1.96%
Revenue 1Y (TTM)-2.44%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-3.74%
Revenue Next Year-5.18%
Revenue Next 2Y-2.88%
Revenue Next 3Y-1.24%
Revenue Next 5Y-0.33%
EBIT growth 1Y-11.12%
EBIT growth 3Y-4.31%
EBIT growth 5Y18.38%
EBIT Next Year43.55%
EBIT Next 3Y14.67%
EBIT Next 5YN/A
FCF growth 1Y-23.01%
FCF growth 3Y-13.82%
FCF growth 5YN/A
OCF growth 1Y-23.01%
OCF growth 3Y-13.82%
OCF growth 5Y9.52%

FLEX LNG LTD / FLNG Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FLEX LNG LTD?

ChartMill assigns a fundamental rating of 5 / 10 to FLNG.


What is the valuation status for FLNG stock?

ChartMill assigns a valuation rating of 4 / 10 to FLEX LNG LTD (FLNG). This can be considered as Fairly Valued.


Can you provide the profitability details for FLEX LNG LTD?

FLEX LNG LTD (FLNG) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for FLNG stock?

The Price/Earnings (PE) ratio for FLEX LNG LTD (FLNG) is 16.89 and the Price/Book (PB) ratio is 2.36.


Is the dividend of FLEX LNG LTD sustainable?

The dividend rating of FLEX LNG LTD (FLNG) is 5 / 10 and the dividend payout ratio is 216.89%.