FLEX LNG LTD (FLNG.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:FLNG - BMG359472021 - Common Stock
254 NOK
+4 (+1.6%)
We assign a fundamental rating of 5 out of 10 to FLNG. FLNG was compared to 68 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.
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
The Return On Assets of FLNG (3.77%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 13.00%, FLNG is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
FLNG has a Return On Invested Capital of 6.02%. This is comparable to the rest of the industry: FLNG outperforms 51.56% of its industry peers.
FLNG had an Average Return On Invested Capital over the past 3 years of 6.24%. This is below the industry average of 9.16%.
| 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.
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.
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.
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.
Compared to 5 years ago, FLNG has about the same amount of shares outstanding.
FLNG has a worse debt/assets ratio than last year.
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.
The Debt to FCF ratio of FLNG is 10.76, which is on the high side as it means it would take FLNG, 10.76 years of fcf income to pay off 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 worse Debt to Equity ratio (2.23) than 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
FLNG has a Current Ratio of 2.84. This indicates that FLNG is financially healthy and has no problem in meeting its short term obligations.
FLNG has a Current ratio of 2.84. This is amongst the best in the industry. FLNG outperforms 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.
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
FLNG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.13%.
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
The Earnings Per Share is expected to grow by 0.97% on average over the next years.
Based on estimates for the next years, FLNG will show a small growth in Revenue. The Revenue will grow by 0.47% on average per year.
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.
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 12.06, FLNG is valued correctly.
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.
When comparing the Price/Earnings ratio of FLNG to the average of the S&P500 Index (26.31), we can say FLNG is valued rather cheaply.
The Price/Forward Earnings ratio is 11.32, which indicates a very decent valuation of FLNG.
The rest of the industry has a similar Price/Forward Earnings ratio as FLNG.
FLNG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.59.
| 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.
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 53.12. FLNG pays more dividend than 93.75% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.40, FLNG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.87% |
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
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%.