FLEX LNG LTD (FLNG.OL) Stock Fundamental Analysis
Europe - OSL:FLNG - BMG359472021 - Common Stock
254 NOK
+4 (+1.6%)
Overall FLNG gets a fundamental rating of 5 out of 10. We evaluated FLNG against 64 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 is not valued too expensively and it also shows a decent 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
FLNG's Return On Assets of 3.77% is in line compared to the rest of the industry. FLNG outperforms 53.13% of its industry peers.
FLNG's Return On Equity of 13.00% is fine compared to the rest of the industry. FLNG outperforms 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.
The Average Return On Invested Capital over the past 3 years for FLNG is below the industry average of 9.77%.
| 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
FLNG's Profit Margin of 27.84% is amongst the best of the industry. FLNG outperforms 90.63% of its industry peers.
FLNG's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 54.11%, FLNG belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
FLNG's Operating Margin has improved in the last couple of years.
The Gross Margin of FLNG (79.84%) is better than 82.81% 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 | 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
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.
The debt/assets ratio for FLNG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.83, we must say that FLNG is in the distress zone and has some risk of bankruptcy.
FLNG has a worse Altman-Z score (0.83) than 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.
FLNG's Debt to FCF ratio of 10.76 is in line compared to the rest of the industry. FLNG outperforms 42.19% of its industry peers.
A Debt/Equity ratio of 2.23 is on the high side and indicates that FLNG has dependencies on debt 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 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.
Looking at the Current ratio, with a value of 2.84, FLNG belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
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.
With an excellent Quick ratio value of 2.81, FLNG belongs to the best of the industry, outperforming 87.50% 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.
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.
FLNG shows a decrease in Revenue. In the last year, the revenue decreased by -2.98%.
FLNG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.33% yearly.
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.
FLNG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.47% yearly.
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. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.06, which indicates a correct valuation of FLNG.
62.50% of the companies in the same industry are more expensive than FLNG, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FLNG to the average of the S&P500 Index (25.83), we can say FLNG is valued rather cheaply.
A Price/Forward Earnings ratio of 11.32 indicates a reasonable valuation of FLNG.
FLNG's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.68, FLNG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.06 | ||
| Fwd PE | 11.32 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FLNG indicates a slightly more expensive valuation: FLNG is more expensive than 65.63% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FLNG is valued 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
FLNG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
5. Dividend
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 55.05. FLNG pays more dividend than 93.75% of the companies in the same industry.
FLNG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| 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
163.62% of the earnings are spent on dividend by FLNG. 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 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 NumberN/A
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 FAQ
Can you provide the ChartMill fundamental rating for FLEX LNG LTD?
ChartMill assigns a fundamental rating of 5 / 10 to FLNG.OL.
Can you provide the valuation status for FLEX LNG LTD?
ChartMill assigns a valuation rating of 5 / 10 to FLEX LNG LTD (FLNG.OL). This can be considered as Fairly Valued.
How profitable is FLEX LNG LTD (FLNG.OL) stock?
FLEX LNG LTD (FLNG.OL) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for FLNG stock?
The Earnings per Share (EPS) of FLEX LNG LTD (FLNG.OL) is expected to decline by -16.37% in the next year.
Can you provide the dividend sustainability for FLNG stock?
The dividend rating of FLEX LNG LTD (FLNG.OL) is 6 / 10 and the dividend payout ratio is 163.62%.