FLEX LNG LTD (FLNG.OL) Stock Fundamental Analysis
OSL:FLNG - Euronext Oslo - BMG359472021 - Common Stock - Currency: NOK
Overall FLNG gets a fundamental rating of 5 out of 10. We evaluated FLNG against 59 industry peers in the Oil, Gas & Consumable Fuels industry. FLNG has an excellent profitability rating, but there are some minor concerns on its financial health. FLNG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year FLNG was profitable.
FLNG had a positive operating cash flow in the past year.
In the past 5 years FLNG has always been profitable.
In the past 5 years FLNG always reported a positive cash flow from operatings.
1.2 Ratios
FLNG has a Return On Assets (4.41%) which is in line with its industry peers.
FLNG has a Return On Equity of 14.59%. This is in the better half of the industry: FLNG outperforms 67.80% of its industry peers.
The Return On Invested Capital of FLNG (6.07%) 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 15.03%.
| 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 89.83% of its industry peers.
In the last couple of years the Profit Margin of FLNG has grown nicely.
The Operating Margin of FLNG (55.51%) is better than 96.61% of its industry peers.
FLNG's Operating Margin has improved in the last couple of years.
FLNG's Gross Margin of 80.38% is amongst the best of the industry. FLNG outperforms 83.05% 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 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.
The number of shares outstanding for FLNG has been increased compared to 1 year ago.
FLNG has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, FLNG has a worse debt to assets ratio.
2.2 Solvency
FLNG has an Altman-Z score of 0.78. This is a bad value and indicates that FLNG is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of FLNG (0.78) is worse than 76.27% of its industry peers.
The Debt to FCF ratio of FLNG is 9.90, which is on the high side as it means it would take FLNG, 9.90 years of fcf income to pay off all of its debts.
FLNG has a Debt to FCF ratio (9.90) which is comparable to the rest of the industry.
FLNG has a Debt/Equity ratio of 2.11. This is a high value indicating a heavy dependency on external 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
WACC9.13%
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 Current ratio of 2.99. This is amongst the best in the industry. FLNG outperforms 84.75% of its industry peers.
A Quick Ratio of 2.96 indicates that FLNG has no problem at all paying its short term obligations.
FLNG's Quick ratio of 2.96 is amongst the best of the industry. FLNG outperforms 84.75% of its industry peers.
| 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%.
Measured over the past years, FLNG shows a very strong growth in Earnings Per Share. The EPS has been growing by 46.48% on average per year.
The Revenue has decreased by -3.95% in the past year.
The Revenue has been growing by 24.33% on average over the past years. This is a very strong growth!
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
Based on estimates for the next years, FLNG will show a decrease in Earnings Per Share. The EPS will decrease by -0.27% on average per year.
FLNG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.25% yearly.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.37, the valuation of FLNG can be described as very reasonable.
FLNG's Price/Earnings ratio is a bit cheaper when compared to the industry. FLNG is cheaper than 62.71% of the companies in the same industry.
FLNG is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.25, the valuation of FLNG can be described as reasonable.
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 (21.76), we can say FLNG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.37 | ||
| Fwd PE | 10.25 |
4.2 Price Multiples
FLNG's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. FLNG is more expensive than 69.49% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FLNG is valued a bit cheaper than the industry average as 77.97% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.81 | ||
| EV/EBITDA | 9.59 |
4.3 Compensation for Growth
The decent profitability rating of FLNG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.22
EPS Next 2Y-2.87%
EPS Next 3Y-0.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.22%, FLNG is a good candidate for dividend investing.
FLNG's Dividend Yield is rather good when compared to the industry average which is at 60.01. FLNG pays more dividend than 89.83% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, FLNG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.22% |
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
137.38% of the earnings are spent on dividend by FLNG. 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.
DP137.38%
EPS Next 2Y-2.87%
EPS Next 3Y-0.27%
OSL:FLNG (7/11/2025, 7:00:00 PM)
230
-0.5 (-0.22%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners24.72%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap12.54B
Analysts73.85
Price Target277.12 (20.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.22% |
Yearly Dividend30.19
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)-6.87%
PT rev (3m)-7.77%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.37 | ||
| Fwd PE | 10.25 | ||
| P/S | 3.49 | ||
| P/FCF | 6.81 | ||
| P/OCF | 6.81 | ||
| P/B | 1.54 | ||
| P/tB | 1.54 | ||
| EV/EBITDA | 9.59 |
EPS(TTM)22.18
EY9.64%
EPS(NY)22.44
Fwd EY9.76%
FCF(TTM)33.8
FCFY14.69%
OCF(TTM)33.8
OCFY14.69%
SpS65.89
BVpS149.14
TBVpS149.14
PEG (NY)N/A
PEG (5Y)0.22
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
WACC9.13%
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%