FLEX LNG LTD (FLNG.OL) Stock Fundamental Analysis
Europe - OSL:FLNG - BMG359472021 - Common Stock
254 NOK
+4 (+1.6%)
FLNG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 65 industry peers in the Oil, Gas & Consumable Fuels industry. While FLNG has a great profitability rating, 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.
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.
1.2 Ratios
FLNG has a Return On Assets of 3.77%. This is comparable to the rest of the industry: FLNG outperforms 53.85% of its industry peers.
With a decent Return On Equity value of 13.00%, FLNG is doing good in the industry, outperforming 61.54% of the companies in the same industry.
FLNG has a Return On Invested Capital (6.02%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for FLNG is below the industry average of 9.96%.
| 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 87.69% of the companies in the same industry.
In the last couple of years the Profit Margin of FLNG has grown nicely.
With an excellent Operating Margin value of 54.11%, FLNG belongs to the best of the industry, outperforming 96.92% of the companies in the same industry.
FLNG's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 79.84%, FLNG belongs to the top of the industry, outperforming 83.08% of the companies in the same industry.
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 | 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. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLNG is destroying value.
Compared to 1 year ago, FLNG has more shares outstanding
Compared to 5 years ago, FLNG has about the same amount of shares outstanding.
The debt/assets ratio for FLNG is higher compared to a year ago.
2.2 Solvency
FLNG has an Altman-Z score of 0.84. 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 (0.84) is worse than 73.85% 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.
FLNG has a Debt to FCF ratio of 10.76. This is comparable to the rest of the industry: FLNG outperforms 41.54% of its industry peers.
FLNG has a Debt/Equity ratio of 2.23. This is a high value indicating a heavy dependency on external financing.
FLNG's Debt to Equity ratio of 2.23 is on the low side compared to the rest of the industry. FLNG is outperformed by 86.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.23 | ||
| Debt/FCF | 10.76 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.72
WACC8.34%
2.3 Liquidity
A Current Ratio of 2.84 indicates that FLNG has no problem at all paying its short term obligations.
The Current ratio of FLNG (2.84) is better than 87.69% of its industry peers.
A Quick Ratio of 2.81 indicates that FLNG has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.81, FLNG belongs to the top of the industry, outperforming 87.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.84 | ||
| Quick Ratio | 2.81 |
3. Growth
3.1 Past
The earnings per share for FLNG have decreased strongly by -16.13% in the last year.
FLNG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 46.48% yearly.
FLNG shows a decrease in Revenue. In the last year, the revenue decreased by -2.98%.
The Revenue has been growing by 24.33% on average over the past years. This is a very strong growth!
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
The Earnings Per Share is expected to grow by 0.97% on average over the next years.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 12.32, which indicates a correct valuation of FLNG.
FLNG's Price/Earnings ratio is a bit cheaper when compared to the industry. FLNG is cheaper than 61.54% of the companies in the same industry.
FLNG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.20.
The Price/Forward Earnings ratio is 11.57, which indicates a very decent valuation of FLNG.
FLNG's Price/Forward Earnings ratio is in line with the industry average.
FLNG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.71, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.32 | ||
| Fwd PE | 11.57 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FLNG is valued a bit more expensive than 64.62% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, FLNG is valued a bit cheaper than 78.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.42 | ||
| EV/EBITDA | 10.44 |
4.3 Compensation for Growth
FLNG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.27
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.78%, FLNG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 54.34, FLNG pays a better dividend. On top of this FLNG pays more dividend than 93.85% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, FLNG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.78% |
5.2 History
On average, the dividend of FLNG grows each year by 97.42%, which is quite nice.
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%
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)
Earnings (Next)
Inst Owners24.72%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap13.85B
Analysts73.85
Price Target275.08 (8.3%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.78% |
Yearly Dividend29.65
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)-0.43%
PT rev (3m)-3.15%
EPS NQ rev (1m)-2.84%
EPS NQ rev (3m)-20%
EPS NY rev (1m)2.69%
EPS NY rev (3m)2.69%
Revenue NQ rev (1m)-2.81%
Revenue NQ rev (3m)-6.82%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.32 | ||
| Fwd PE | 11.57 | ||
| P/S | 3.96 | ||
| P/FCF | 8.42 | ||
| P/OCF | 8.42 | ||
| P/B | 1.85 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | 10.44 |
EPS(TTM)20.61
EY8.11%
EPS(NY)21.96
Fwd EY8.65%
FCF(TTM)30.16
FCFY11.87%
OCF(TTM)30.16
OCFY11.87%
SpS64.07
BVpS137.2
TBVpS137.2
PEG (NY)N/A
PEG (5Y)0.27
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%
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 Turnover0.14
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 | 0.84 |
F-Score4
WACC8.34%
ROIC/WACC0.72
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%