FLEX LNG LTD (FLNG) Fundamental Analysis & Valuation

NYSE:FLNG • BMG359472021

Current stock price

30.94 USD
+0.57 (+1.88%)
Last:

This FLNG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. FLNG Profitability Analysis

1.1 Basic Checks

  • In the past year FLNG was profitable.
  • FLNG had a positive operating cash flow in the past year.
  • FLNG had positive earnings in each of the past 5 years.
  • In the past 5 years FLNG always reported a positive cash flow from operatings.
FLNG Yearly Net Income VS EBIT VS OCF VS FCFFLNG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M

1.2 Ratios

  • With a Return On Assets value of 2.85%, FLNG perfoms like the industry average, outperforming 46.89% of the companies in the same industry.
  • The Return On Equity of FLNG (10.40%) is better than 62.20% of its industry peers.
  • FLNG has a Return On Invested Capital (5.65%) which is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for FLNG is significantly below the industry average of 23.05%.
Industry RankSector Rank
ROA 2.85%
ROE 10.4%
ROIC 5.65%
ROA(3y)3.9%
ROA(5y)5%
ROE(3y)13.05%
ROE(5y)15.62%
ROIC(3y)6.2%
ROIC(5y)6.27%
FLNG Yearly ROA, ROE, ROICFLNG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • FLNG has a Profit Margin of 21.52%. This is in the better half of the industry: FLNG outperforms 77.03% of its industry peers.
  • In the last couple of years the Profit Margin of FLNG has grown nicely.
  • FLNG's Operating Margin of 50.57% is amongst the best of the industry. FLNG outperforms 93.30% of its industry peers.
  • FLNG's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FLNG (78.46%) is better than 89.47% of its industry peers.
  • FLNG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 50.57%
PM (TTM) 21.52%
GM 78.46%
OM growth 3Y-4.28%
OM growth 5Y1.92%
PM growth 3Y-26.43%
PM growth 5Y34.29%
GM growth 3Y-1.37%
GM growth 5Y0.25%
FLNG Yearly Profit, Operating, Gross MarginsFLNG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60 80

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4

2. FLNG Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FLNG is destroying value.
  • FLNG has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for FLNG has been increased compared to 5 years ago.
  • FLNG has a worse debt/assets ratio than last year.
FLNG Yearly Shares OutstandingFLNG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
FLNG Yearly Total Debt VS Total AssetsFLNG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • FLNG has an Altman-Z score of 0.92. This is a bad value and indicates that FLNG is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.92, FLNG is in line with its industry, outperforming 43.54% of the companies in the same industry.
  • FLNG has a debt to FCF ratio of 13.13. This is a negative value and a sign of low solvency as FLNG would need 13.13 years to pay back of all of its debts.
  • FLNG has a Debt to FCF ratio of 13.13. This is comparable to the rest of the industry: FLNG outperforms 50.24% of its industry peers.
  • FLNG has a Debt/Equity ratio of 2.42. This is a high value indicating a heavy dependency on external financing.
  • FLNG has a worse Debt to Equity ratio (2.42) than 82.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 13.13
Altman-Z 0.92
ROIC/WACC0.88
WACC6.39%
FLNG Yearly LT Debt VS Equity VS FCFFLNG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M 1B 1.5B

2.3 Liquidity

  • FLNG has a Current Ratio of 3.03. This indicates that FLNG is financially healthy and has no problem in meeting its short term obligations.
  • FLNG has a Current ratio of 3.03. This is amongst the best in the industry. FLNG outperforms 83.25% of its industry peers.
  • FLNG has a Quick Ratio of 2.98. This indicates that FLNG is financially healthy and has no problem in meeting its short term obligations.
  • FLNG's Quick ratio of 2.98 is amongst the best of the industry. FLNG outperforms 83.73% of its industry peers.
Industry RankSector Rank
Current Ratio 3.03
Quick Ratio 2.98
FLNG Yearly Current Assets VS Current LiabilitesFLNG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. FLNG Growth Analysis

3.1 Past

  • FLNG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.19%.
  • The Earnings Per Share has been growing by 46.48% on average over the past years. This is a very strong growth
  • Looking at the last year, FLNG shows a decrease in Revenue. The Revenue has decreased by -2.44% in the last year.
  • The Revenue has been growing by 24.33% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-21.19%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-24.56%
Revenue 1Y (TTM)-2.44%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-3.74%

3.2 Future

  • FLNG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.83% yearly.
  • The Revenue is expected to decrease by -0.33% on average over the next years.
EPS Next Y-17.54%
EPS Next 2Y-16.38%
EPS Next 3Y-6.42%
EPS Next 5Y-0.83%
Revenue Next Year-5.18%
Revenue Next 2Y-2.88%
Revenue Next 3Y-1.24%
Revenue Next 5Y-0.33%

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.
FLNG Yearly Revenue VS EstimatesFLNG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M
FLNG Yearly EPS VS EstimatesFLNG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 2 3

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4

4. FLNG Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.63, which indicates a correct valuation of FLNG.
  • 62.20% of the companies in the same industry are more expensive than FLNG, based on the Price/Earnings ratio.
  • FLNG is valuated rather cheaply when we compare the Price/Earnings ratio to 25.54, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 18.75 indicates a rather expensive 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 similar valuation than the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 16.63
Fwd PE 18.75
FLNG Price Earnings VS Forward Price EarningsFLNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • FLNG's Enterprise Value to EBITDA ratio is in line with the industry average.
  • FLNG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. FLNG is cheaper than 79.90% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.89
EV/EBITDA 12.06
FLNG Per share dataFLNG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The decent profitability rating of FLNG may justify a higher PE ratio.
  • FLNG's earnings are expected to decrease with -6.42% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.36
EPS Next 2Y-16.38%
EPS Next 3Y-6.42%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. FLNG Dividend Analysis

5.1 Amount

  • FLNG has a Yearly Dividend Yield of 9.50%, which is a nice return.
  • FLNG's Dividend Yield is rather good when compared to the industry average which is at 3.30. FLNG pays more dividend than 92.82% of the companies in the same industry.
  • FLNG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 9.5%

5.2 History

  • On average, the dividend of FLNG grows each year by 71.82%, which is quite nice.
  • FLNG has been paying a dividend for over 5 years, so it has already some track record.
  • FLNG has decreased its dividend recently.
Dividend Growth(5Y)71.82%
Div Incr Years1
Div Non Decr Years1
FLNG Yearly Dividends per shareFLNG Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • FLNG pays out 216.89% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of FLNG has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP216.89%
EPS Next 2Y-16.38%
EPS Next 3Y-6.42%
FLNG Yearly Income VS Free CF VS DividendFLNG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M -400M -600M
FLNG Dividend Payout.FLNG Dividend Payout, showing the Payout Ratio.FLNG Dividend Payout.PayoutRetained Earnings

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FLNG Fundamentals: All Metrics, Ratios and Statistics

FLEX LNG LTD

NYSE:FLNG (3/24/2026, 10:20:47 AM)

30.94

+0.57 (+1.88%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11
Earnings (Next)05-19
Inst Owners22.38%
Inst Owner Change1.34%
Ins Owners0.16%
Ins Owner Change0%
Market Cap1.67B
Revenue(TTM)347.64M
Net Income(TTM)74.81M
Analysts50.91
Price Target25.7 (-16.94%)
Short Float %13.49%
Short Ratio7.38
Dividend
Industry RankSector Rank
Dividend Yield 9.5%
Yearly Dividend3
Dividend Growth(5Y)71.82%
DP216.89%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-8.1%
Min EPS beat(2)-8.35%
Max EPS beat(2)-7.85%
EPS beat(4)2
Avg EPS beat(4)-0.63%
Min EPS beat(4)-8.35%
Max EPS beat(4)7.17%
EPS beat(8)5
Avg EPS beat(8)1.95%
EPS beat(12)5
Avg EPS beat(12)-2.41%
EPS beat(16)7
Avg EPS beat(16)-0.22%
Revenue beat(2)1
Avg Revenue beat(2)-0.47%
Min Revenue beat(2)-1.37%
Max Revenue beat(2)0.42%
Revenue beat(4)2
Avg Revenue beat(4)-0.3%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)0.75%
Revenue beat(8)2
Avg Revenue beat(8)-1.27%
Revenue beat(12)2
Avg Revenue beat(12)-1.54%
Revenue beat(16)3
Avg Revenue beat(16)-1.74%
PT rev (1m)-2.02%
PT rev (3m)-0.47%
EPS NQ rev (1m)-15.85%
EPS NQ rev (3m)-7.18%
EPS NY rev (1m)-17.03%
EPS NY rev (3m)-16.51%
Revenue NQ rev (1m)-2.05%
Revenue NQ rev (3m)-1.68%
Revenue NY rev (1m)-1.64%
Revenue NY rev (3m)-3.39%
Valuation
Industry RankSector Rank
PE 16.63
Fwd PE 18.75
P/S 4.81
P/FCF 11.89
P/OCF 11.89
P/B 2.33
P/tB 2.33
EV/EBITDA 12.06
EPS(TTM)1.86
EY6.01%
EPS(NY)1.65
Fwd EY5.33%
FCF(TTM)2.6
FCFY8.41%
OCF(TTM)2.6
OCFY8.41%
SpS6.43
BVpS13.3
TBVpS13.3
PEG (NY)N/A
PEG (5Y)0.36
Graham Number23.59
Profitability
Industry RankSector Rank
ROA 2.85%
ROE 10.4%
ROCE 7.15%
ROIC 5.65%
ROICexc 6.91%
ROICexgc 6.91%
OM 50.57%
PM (TTM) 21.52%
GM 78.46%
FCFM 40.48%
ROA(3y)3.9%
ROA(5y)5%
ROE(3y)13.05%
ROE(5y)15.62%
ROIC(3y)6.2%
ROIC(5y)6.27%
ROICexc(3y)7.48%
ROICexc(5y)7.35%
ROICexgc(3y)7.48%
ROICexgc(5y)7.35%
ROCE(3y)7.84%
ROCE(5y)7.94%
ROICexgc growth 3Y-1.48%
ROICexgc growth 5Y18.77%
ROICexc growth 3Y-1.48%
ROICexc growth 5Y18.77%
OM growth 3Y-4.28%
OM growth 5Y1.92%
PM growth 3Y-26.43%
PM growth 5Y34.29%
GM growth 3Y-1.37%
GM growth 5Y0.25%
F-Score4
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 13.13
Debt/EBITDA 6.89
Cap/Depr 0%
Cap/Sales 0%
Interest Coverage 1.89
Cash Conversion 55.75%
Profit Quality 188.11%
Current Ratio 3.03
Quick Ratio 2.98
Altman-Z 0.92
F-Score4
WACC6.39%
ROIC/WACC0.88
Cap/Depr(3y)0%
Cap/Depr(5y)76.17%
Cap/Sales(3y)0%
Cap/Sales(5y)15.49%
Profit Quality(3y)163.08%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.19%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-24.56%
EPS Next Y-17.54%
EPS Next 2Y-16.38%
EPS Next 3Y-6.42%
EPS Next 5Y-0.83%
Revenue 1Y (TTM)-2.44%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-3.74%
Revenue Next Year-5.18%
Revenue Next 2Y-2.88%
Revenue Next 3Y-1.24%
Revenue Next 5Y-0.33%
EBIT growth 1Y-11.12%
EBIT growth 3Y-4.31%
EBIT growth 5Y18.38%
EBIT Next Year41.71%
EBIT Next 3Y15.34%
EBIT Next 5YN/A
FCF growth 1Y-23.01%
FCF growth 3Y-13.82%
FCF growth 5YN/A
OCF growth 1Y-23.01%
OCF growth 3Y-13.82%
OCF growth 5Y9.52%

FLEX LNG LTD / FLNG Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FLEX LNG LTD?

ChartMill assigns a fundamental rating of 5 / 10 to FLNG.


What is the valuation status for FLNG stock?

ChartMill assigns a valuation rating of 4 / 10 to FLEX LNG LTD (FLNG). This can be considered as Fairly Valued.


How profitable is FLEX LNG LTD (FLNG) stock?

FLEX LNG LTD (FLNG) 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) is 16.63 and the Price/Book (PB) ratio is 2.33.


What is the earnings growth outlook for FLEX LNG LTD?

The Earnings per Share (EPS) of FLEX LNG LTD (FLNG) is expected to decline by -17.54% in the next year.