FLEX LNG LTD (FLNG) Stock Fundamental Analysis

NYSE:FLNG • BMG359472021

28.95 USD
+0.74 (+2.62%)
Last: Mar 3, 2026, 02:44 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall FLNG gets a fundamental rating of 5 out of 10. We evaluated FLNG against 207 industry peers in the Oil, Gas & Consumable Fuels industry. FLNG scores excellent on profitability, but there are some minor concerns on its financial health. FLNG has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

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.
  • 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.
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

  • The Return On Assets of FLNG (2.85%) is comparable to the rest of the industry.
  • The Return On Equity of FLNG (10.40%) is better than 61.84% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.65%, FLNG is in line with its industry, outperforming 50.72% of the companies in the same industry.
  • FLNG had an Average Return On Invested Capital over the past 3 years of 6.20%. This is significantly below the industry average of 22.15%.
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

  • The Profit Margin of FLNG (21.52%) is better than 78.74% 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 50.57%, FLNG belongs to the top of the industry, outperforming 93.24% 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 78.46%, FLNG belongs to the top of the industry, outperforming 89.37% of the companies in the same industry.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLNG is destroying value.
  • FLNG has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, FLNG has more shares outstanding
  • The debt/assets ratio for FLNG is higher compared to a year ago.
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 0.88. 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 (0.88) is comparable to the rest of the 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.
  • With a Debt to FCF ratio value of 13.13, FLNG perfoms like the industry average, outperforming 51.21% of the companies in the same industry.
  • A Debt/Equity ratio of 2.42 is on the high side and indicates that FLNG has dependencies on debt financing.
  • FLNG's Debt to Equity ratio of 2.42 is on the low side compared to the rest of the industry. FLNG is outperformed by 84.06% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 13.13
Altman-Z 0.88
ROIC/WACC0.86
WACC6.57%
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

  • A Current Ratio of 3.03 indicates that FLNG has no problem at all paying its short term obligations.
  • FLNG's Current ratio of 3.03 is amongst the best of the industry. FLNG outperforms 83.57% of its industry peers.
  • A Quick Ratio of 2.98 indicates that FLNG has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.98, FLNG belongs to the top of the industry, outperforming 84.06% of the companies in the same industry.
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. Growth

3.1 Past

  • FLNG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.19%.
  • FLNG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 46.48% yearly.
  • Looking at the last year, FLNG shows a decrease in Revenue. The Revenue has decreased by -2.44% in the last year.
  • FLNG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.33% yearly.
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

  • The Earnings Per Share is expected to decrease by -0.40% on average over the next years.
  • Based on estimates for the next years, FLNG will show a decrease in Revenue. The Revenue will decrease by -1.22% on average per year.
EPS Next Y-17.54%
EPS Next 2Y-8.2%
EPS Next 3Y-0.4%
EPS Next 5YN/A
Revenue Next Year-5.18%
Revenue Next 2Y-2.07%
Revenue Next 3Y-0.36%
Revenue Next 5Y-1.22%

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 0 1 2 3

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.56, FLNG is valued correctly.
  • 63.77% 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 (27.13), we can say FLNG is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 14.56, which indicates a correct valuation of FLNG.
  • FLNG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FLNG is cheaper than 66.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.11, FLNG is valued a bit cheaper.
Industry RankSector Rank
PE 15.56
Fwd PE 14.56
FLNG Price Earnings VS Forward Price EarningsFLNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as FLNG.
  • Based on the Price/Free Cash Flow ratio, FLNG is valued cheaper than 83.09% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.22
EV/EBITDA 11.64
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

  • FLNG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.33
EPS Next 2Y-8.2%
EPS Next 3Y-0.4%

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

5

5. Dividend

5.1 Amount

  • FLNG has a Yearly Dividend Yield of 10.92%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.46, FLNG pays a better dividend. On top of this FLNG pays more dividend than 94.20% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, FLNG pays a better dividend.
Industry RankSector Rank
Dividend Yield 10.92%

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.
  • FLNG's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP216.89%
EPS Next 2Y-8.2%
EPS Next 3Y-0.4%
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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Find the best dividend stocksShow peers with best dividend

FLEX LNG LTD

NYSE:FLNG (3/3/2026, 2:44:21 PM)

28.95

+0.74 (+2.62%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11
Earnings (Next)05-19
Inst Owners22.18%
Inst Owner Change1.34%
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap1.58B
Revenue(TTM)347.64M
Net Income(TTM)74.81M
Analysts50.91
Price Target25.7 (-11.23%)
Short Float %11.31%
Short Ratio8.02
Dividend
Industry RankSector Rank
Dividend Yield 10.92%
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)5%
EPS NQ rev (1m)-5.95%
EPS NQ rev (3m)10.49%
EPS NY rev (1m)-1.89%
EPS NY rev (3m)-2.84%
Revenue NQ rev (1m)-0.39%
Revenue NQ rev (3m)4.9%
Revenue NY rev (1m)-2.18%
Revenue NY rev (3m)-3.97%
Valuation
Industry RankSector Rank
PE 15.56
Fwd PE 14.56
P/S 4.54
P/FCF 11.22
P/OCF 11.22
P/B 2.19
P/tB 2.19
EV/EBITDA 11.64
EPS(TTM)1.86
EY6.42%
EPS(NY)1.99
Fwd EY6.87%
FCF(TTM)2.58
FCFY8.92%
OCF(TTM)2.58
OCFY8.92%
SpS6.38
BVpS13.19
TBVpS13.19
PEG (NY)N/A
PEG (5Y)0.33
Graham Number23.5
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 250
Cash Conversion 55.75%
Profit Quality 188.11%
Current Ratio 3.03
Quick Ratio 2.98
Altman-Z 0.88
F-Score4
WACC6.57%
ROIC/WACC0.86
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-8.2%
EPS Next 3Y-0.4%
EPS Next 5YN/A
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-2.07%
Revenue Next 3Y-0.36%
Revenue Next 5Y-1.22%
EBIT growth 1Y-11.12%
EBIT growth 3Y-4.31%
EBIT growth 5Y18.38%
EBIT Next Year43.85%
EBIT Next 3Y14.85%
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 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 5 / 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 15.56 and the Price/Book (PB) ratio is 2.19.


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.