FLEX LNG LTD (FLNG.OL) Stock Fundamental Analysis
Europe • Euronext Oslo • OSL:FLNG • BMG359472021
254 NOK
+4 (+1.6%)
Last: Sep 15, 2025, 07:00 PM
Overall FLNG gets a fundamental rating of 5 out of 10. We evaluated FLNG against 74 industry peers in the Oil, Gas & Consumable Fuels industry. While FLNG belongs to the best of the industry regarding profitability, 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
- 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
- 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 has a Return On Equity of 13.00%. This is in the better half of the industry: FLNG outperforms 62.50% of its industry peers.
- With a Return On Invested Capital value of 6.02%, FLNG perfoms like the industry average, outperforming 51.56% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for FLNG is below the industry average of 8.91%.
| 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 has a Profit Margin of 27.84%. This is amongst the best in the industry. FLNG outperforms 90.63% of its industry peers.
- In the last couple of years the Profit Margin of FLNG has grown nicely.
- Looking at the Operating Margin, with a value of 54.11%, FLNG belongs to the top of the industry, outperforming 96.88% of the companies in the same industry.
- In the last couple of years the Operating Margin of FLNG has grown nicely.
- FLNG has a Gross Margin of 79.84%. This is amongst the best in 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. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FLNG is destroying value.
- FLNG has more shares outstanding than it did 1 year ago.
- FLNG has about the same amout of shares outstanding than it did 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.
- FLNG has a Debt/Equity ratio of 2.23. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 2.23, FLNG is not doing good in the industry: 87.50% of the companies in the same industry are doing better.
| 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.
- With an excellent Current ratio value of 2.84, FLNG belongs to the best 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.
- Looking at the Quick ratio, with a value of 2.81, FLNG belongs to the top 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%.
- 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
- Based on estimates for the next years, FLNG will show a small growth in Earnings Per Share. The EPS will grow by 0.97% on average per year.
- 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
- With a Price/Earnings ratio of 12.06, FLNG is valued correctly.
- 62.50% of the companies in the same industry are more expensive than FLNG, based on the Price/Earnings ratio.
- FLNG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.23.
- The Price/Forward Earnings ratio is 11.32, which indicates a very decent valuation of FLNG.
- FLNG's Price/Forward Earnings is on the same level as the industry average.
- FLNG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.01.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.06 | ||
| Fwd PE | 11.32 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FLNG is valued a bit more expensive than 65.63% of the companies in the same industry.
- 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
- 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 5.14. FLNG pays more dividend than 93.75% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.79, 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.
- The dividend of FLNG is growing, but the earnings are growing slower. 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)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 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.
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.
How profitable is FLEX LNG LTD (FLNG.OL) stock?
FLEX LNG LTD (FLNG.OL) has a profitability rating of 7 / 10.
What is the valuation of FLEX LNG LTD based on its PE and PB ratios?
The Price/Earnings (PE) ratio for FLEX LNG LTD (FLNG.OL) is 12.06 and the Price/Book (PB) ratio is 1.81.
What is the earnings growth outlook for FLEX LNG LTD?
The Earnings per Share (EPS) of FLEX LNG LTD (FLNG.OL) is expected to decline by -16.37% in the next year.