FLEX LNG LTD (FLNG.OL) Fundamental Analysis & Valuation
OSL:FLNG • BMG359472021
Current stock price
254 NOK
+4 (+1.6%)
Last:
This FLNG.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. FLNG.OL Profitability Analysis
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.
- Each year in the past 5 years FLNG had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 3.77%, FLNG perfoms like the industry average, outperforming 53.13% of the companies in the same industry.
- FLNG has a better Return On Equity (13.00%) than 62.50% of its industry peers.
- FLNG's Return On Invested Capital of 6.02% is in line compared to the rest of the industry. FLNG outperforms 51.56% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for FLNG is below the industry average of 9.22%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 13% | ||
| ROIC | 6.02% |
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
- With an excellent Profit Margin value of 27.84%, FLNG belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
- In the last couple of years the Profit Margin of FLNG has grown nicely.
- FLNG has a Operating Margin of 54.11%. This is amongst the best in the industry. FLNG outperforms 96.88% of its industry peers.
- FLNG's Operating Margin has improved in the last couple of years.
- FLNG's Gross Margin of 79.84% is amongst the best of the industry. FLNG outperforms 82.81% of its industry peers.
- FLNG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.11% | ||
| PM (TTM) | 27.84% | ||
| GM | 79.84% |
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. FLNG.OL Health Analysis
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.
- The number of shares outstanding for FLNG remains at a similar level compared to 5 years ago.
- FLNG has a worse debt/assets ratio than last year.
2.2 Solvency
- FLNG has an Altman-Z score of 0.83. This is a bad value and indicates that FLNG is not financially healthy and even has some risk of bankruptcy.
- FLNG has a Altman-Z score of 0.83. This is in the lower half of the industry: FLNG underperforms 73.44% of its industry peers.
- FLNG has a debt to FCF ratio of 10.76. This is a negative value and a sign of low solvency as FLNG would need 10.76 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 10.76, FLNG is in line with its industry, outperforming 42.19% of the companies in the same industry.
- A Debt/Equity ratio of 2.23 is on the high side and indicates that FLNG has dependencies on debt financing.
- FLNG has a Debt to Equity ratio of 2.23. This is amonst the worse of the industry: FLNG underperforms 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.23 | ||
| Debt/FCF | 10.76 | ||
| Altman-Z | 0.83 |
ROIC/WACC0.7
WACC8.59%
2.3 Liquidity
- A Current Ratio of 2.84 indicates that FLNG has no problem at all paying its short term obligations.
- FLNG has a better Current ratio (2.84) than 87.50% of its industry peers.
- FLNG has a Quick Ratio of 2.81. This indicates that FLNG is financially healthy and has no problem in meeting its short term obligations.
- FLNG's Quick ratio of 2.81 is amongst the best of the industry. FLNG outperforms 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.84 | ||
| Quick Ratio | 2.81 |
3. FLNG.OL Growth Analysis
3.1 Past
- The earnings per share for FLNG have decreased strongly by -16.13% 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
- FLNG shows a decrease in Revenue. In the last year, the revenue decreased by -2.98%.
- Measured over the past years, FLNG shows a very strong growth in Revenue. The Revenue has been growing by 24.33% on average per year.
EPS 1Y (TTM)-16.13%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-17.86%
Revenue 1Y (TTM)-2.98%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%1.52%
3.2 Future
- FLNG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.97% yearly.
- The Revenue is expected to grow by 0.47% on average over the next years.
EPS Next Y-16.37%
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
EPS Next 5YN/A
Revenue Next Year-3.76%
Revenue Next 2Y-0.16%
Revenue Next 3Y0.47%
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.
- 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. FLNG.OL Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 12.06, which indicates a correct valuation of FLNG.
- Compared to the rest of the industry, the Price/Earnings ratio of FLNG indicates a somewhat cheap valuation: FLNG is cheaper than 62.50% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.38. FLNG is valued rather cheaply when compared to this.
- FLNG is valuated reasonably with a Price/Forward Earnings ratio of 11.32.
- The rest of the industry has a similar Price/Forward Earnings ratio as FLNG.
- When comparing the Price/Forward Earnings ratio of FLNG to the average of the S&P500 Index (38.20), we can say FLNG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.06 | ||
| Fwd PE | 11.32 |
4.2 Price Multiples
- 65.63% of the companies in the same industry are cheaper than FLNG, based on the Enterprise Value to EBITDA ratio.
- FLNG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FLNG is cheaper than 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.24 | ||
| EV/EBITDA | 10.33 |
4.3 Compensation for Growth
- The decent profitability rating of FLNG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
5. FLNG.OL Dividend Analysis
5.1 Amount
- FLNG has a Yearly Dividend Yield of 11.87%, which is a nice return.
- FLNG's Dividend Yield is rather good when compared to the industry average which is at 4.29. FLNG pays more dividend than 93.75% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, FLNG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.87% |
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 163.62% of its income as dividend. This is not a sustainable payout ratio.
- FLNG's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP163.62%
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
FLNG.OL Fundamentals: All Metrics, Ratios and Statistics
OSL:FLNG (9/15/2025, 7:00:00 PM)
254
+4 (+1.6%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)08-20 2025-08-20/bmo
Earnings (Next)11-28 2025-11-28/amc
Inst Owners20.56%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap13.85B
Revenue(TTM)355.84M
Net Income(TTM)99.07M
Analysts73.85
Price Target275.08 (8.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.87% |
Yearly Dividend30.09
Dividend Growth(5Y)97.42%
DP163.62%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.85%
Min EPS beat(2)6.53%
Max EPS beat(2)7.17%
EPS beat(4)3
Avg EPS beat(4)0.93%
Min EPS beat(4)-10.02%
Max EPS beat(4)7.17%
EPS beat(8)5
Avg EPS beat(8)1.25%
EPS beat(12)7
Avg EPS beat(12)3.68%
EPS beat(16)9
Avg EPS beat(16)1.13%
Revenue beat(2)1
Avg Revenue beat(2)-0.13%
Min Revenue beat(2)-1.02%
Max Revenue beat(2)0.75%
Revenue beat(4)1
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-2.97%
Max Revenue beat(4)0.75%
Revenue beat(8)1
Avg Revenue beat(8)-1.55%
Revenue beat(12)2
Avg Revenue beat(12)-1.54%
Revenue beat(16)3
Avg Revenue beat(16)-1.59%
PT rev (1m)0%
PT rev (3m)-0.74%
EPS NQ rev (1m)-5.65%
EPS NQ rev (3m)-20%
EPS NY rev (1m)0%
EPS NY rev (3m)2.69%
Revenue NQ rev (1m)-0.56%
Revenue NQ rev (3m)-6.82%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.06 | ||
| Fwd PE | 11.32 | ||
| P/S | 3.88 | ||
| P/FCF | 8.24 | ||
| P/OCF | 8.24 | ||
| P/B | 1.81 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 10.33 |
EPS(TTM)21.07
EY8.3%
EPS(NY)22.45
Fwd EY8.84%
FCF(TTM)30.83
FCFY12.14%
OCF(TTM)30.83
OCFY12.14%
SpS65.48
BVpS140.23
TBVpS140.23
PEG (NY)N/A
PEG (5Y)0.26
Graham Number0 (-100%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 13% | ||
| ROCE | 7.82% | ||
| ROIC | 6.02% | ||
| ROICexc | 7.24% | ||
| ROICexgc | 7.24% | ||
| OM | 54.11% | ||
| PM (TTM) | 27.84% | ||
| GM | 79.84% | ||
| FCFM | 47.08% |
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%
ROICexgc growth 3Y2.05%
ROICexgc 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 Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.23 | ||
| Debt/FCF | 10.76 | ||
| Debt/EBITDA | 6.33 | ||
| Cap/Depr | 0.01% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 62.48% | ||
| Profit Quality | 169.08% | ||
| Current Ratio | 2.84 | ||
| Quick Ratio | 2.81 | ||
| Altman-Z | 0.83 |
F-Score4
WACC8.59%
ROIC/WACC0.7
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)-16.13%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-17.86%
EPS Next Y-16.37%
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.98%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%1.52%
Revenue Next Year-3.76%
Revenue Next 2Y-0.16%
Revenue Next 3Y0.47%
Revenue Next 5YN/A
EBIT growth 1Y-8.47%
EBIT growth 3Y-0.56%
EBIT growth 5Y29.17%
EBIT Next Year29.53%
EBIT Next 3Y11.48%
EBIT Next 5YN/A
FCF growth 1Y-16.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-16.2%
OCF growth 3Y-5.24%
OCF growth 5Y28.82%
FLEX LNG LTD / FLNG.OL Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for FLEX LNG LTD?
ChartMill assigns a fundamental rating of 5 / 10 to FLNG.OL.
What is the valuation status for FLNG stock?
ChartMill assigns a valuation rating of 5 / 10 to FLEX LNG LTD (FLNG.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for FLEX LNG LTD?
FLEX LNG LTD (FLNG.OL) 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.OL) is 12.06 and the Price/Book (PB) ratio is 1.81.
Is the dividend of FLEX LNG LTD sustainable?
The dividend rating of FLEX LNG LTD (FLNG.OL) is 6 / 10 and the dividend payout ratio is 163.62%.