FLEX LNG LTD (FLNG) Fundamental Analysis & Valuation
NYSE:FLNG • BMG359472021
Current stock price
31.05 USD
-0.08 (-0.26%)
At close:
32 USD
+0.95 (+3.06%)
After Hours:
This FLNG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. FLNG Profitability Analysis
1.1 Basic Checks
- FLNG had positive earnings in the past year.
- In the past year FLNG had a positive cash flow from operations.
- Each year in the past 5 years FLNG has 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 2.85% is in line compared to the rest of the industry. FLNG outperforms 46.89% of its industry peers.
- With a decent Return On Equity value of 10.40%, FLNG is doing good in the industry, outperforming 61.72% of the companies in the same industry.
- 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 22.73%.
| Industry Rank | Sector 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%
1.3 Margins
- FLNG has a better Profit Margin (21.52%) than 77.51% of its industry peers.
- FLNG's Profit Margin has improved in the last couple of years.
- The Operating Margin of FLNG (50.57%) is better than 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.
- 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 | 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%
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.
- Compared to 1 year ago, FLNG has about the same amount of shares outstanding.
- The number of shares outstanding for FLNG has been increased compared to 5 years ago.
- The debt/assets ratio for FLNG is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.93, we must say that FLNG is in the distress zone and has some risk of bankruptcy.
- FLNG has a Altman-Z score (0.93) which is comparable to the rest of the industry.
- The Debt to FCF ratio of FLNG is 13.13, which is on the high side as it means it would take FLNG, 13.13 years of fcf income to pay off all of its debts.
- FLNG's Debt to FCF ratio of 13.13 is in line compared to the rest of the industry. FLNG outperforms 50.72% 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.
- With a Debt to Equity ratio value of 2.42, FLNG is not doing good in the industry: 82.30% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.42 | ||
| Debt/FCF | 13.13 | ||
| Altman-Z | 0.93 |
ROIC/WACC0.89
WACC6.37%
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.
- With an excellent Current ratio value of 3.03, FLNG belongs to the best of the industry, outperforming 82.78% of the companies in the same industry.
- 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 has a better Quick ratio (2.98) than 83.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.03 | ||
| Quick Ratio | 2.98 |
3. FLNG Growth Analysis
3.1 Past
- The earnings per share for FLNG have decreased strongly by -21.19% in the last year.
- FLNG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 46.48% yearly.
- The Revenue has decreased by -2.44% in the past year.
- 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)-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 -1.96% on average over the next years.
- FLNG is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.33% yearly.
EPS Next Y-17.54%
EPS Next 2Y-14.45%
EPS Next 3Y-6.58%
EPS Next 5Y-1.96%
Revenue Next Year-5.18%
Revenue Next 2Y-2.88%
Revenue Next 3Y-1.24%
Revenue Next 5Y-0.33%
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. FLNG Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 16.69 indicates a correct valuation of FLNG.
- FLNG's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 27.47, FLNG is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 17.98, the valuation of FLNG can be described as rather expensive.
- FLNG's Price/Forward Earnings ratio is in line with the industry average.
- When comparing the Price/Forward Earnings ratio of FLNG to the average of the S&P500 Index (22.62), we can say FLNG is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.69 | ||
| Fwd PE | 17.98 |
4.2 Price Multiples
- FLNG's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, FLNG is valued a bit cheaper than the industry average as 78.47% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.93 | ||
| EV/EBITDA | 12.22 |
4.3 Compensation for Growth
- FLNG has a very decent profitability rating, which may justify a higher PE ratio.
- FLNG's earnings are expected to decrease with -6.58% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.36
EPS Next 2Y-14.45%
EPS Next 3Y-6.58%
5. FLNG Dividend Analysis
5.1 Amount
- FLNG has a Yearly Dividend Yield of 9.63%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.26, FLNG pays a better dividend. On top of this FLNG pays more dividend than 93.30% of the companies listed in the same industry.
- FLNG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.63% |
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.
- The dividend of FLNG decreased in the last 3 years.
Dividend Growth(5Y)71.82%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
- 216.89% of the earnings are spent on dividend by FLNG. 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-14.45%
EPS Next 3Y-6.58%
FLNG Fundamentals: All Metrics, Ratios and Statistics
31.05
-0.08 (-0.26%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-11 2026-02-11/bmo
Earnings (Next)05-19 2026-05-19/bmo
Inst Owners22.32%
Inst Owner Change0.76%
Ins Owners0.15%
Ins Owner Change0%
Market Cap1.68B
Revenue(TTM)347.64M
Net Income(TTM)74.81M
Analysts49.09
Price Target26.42 (-14.91%)
Short Float %12.37%
Short Ratio5.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.63% |
Yearly Dividend3
Dividend Growth(5Y)71.82%
DP216.89%
Div Incr Years0
Div Non Decr Years2
Ex-Date02-27 2026-02-27 (0.75)
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)2.78%
PT rev (3m)0.7%
EPS NQ rev (1m)-2.61%
EPS NQ rev (3m)-20%
EPS NY rev (1m)4.66%
EPS NY rev (3m)-12.62%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)-2.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.69 | ||
| Fwd PE | 17.98 | ||
| P/S | 4.83 | ||
| P/FCF | 11.93 | ||
| P/OCF | 11.93 | ||
| P/B | 2.34 | ||
| P/tB | 2.34 | ||
| EV/EBITDA | 12.22 |
EPS(TTM)1.86
EY5.99%
EPS(NY)1.73
Fwd EY5.56%
FCF(TTM)2.6
FCFY8.38%
OCF(TTM)2.6
OCFY8.38%
SpS6.43
BVpS13.3
TBVpS13.3
PEG (NY)N/A
PEG (5Y)0.36
Graham Number23.5902 (-24.03%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.93 |
F-Score4
WACC6.37%
ROIC/WACC0.89
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-14.45%
EPS Next 3Y-6.58%
EPS Next 5Y-1.96%
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 Year43.55%
EBIT Next 3Y14.67%
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.
Can you provide the profitability details for FLEX LNG LTD?
FLEX LNG LTD (FLNG) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for FLNG stock?
The Price/Earnings (PE) ratio for FLEX LNG LTD (FLNG) is 16.69 and the Price/Book (PB) ratio is 2.34.
Is the dividend of FLEX LNG LTD sustainable?
The dividend rating of FLEX LNG LTD (FLNG) is 5 / 10 and the dividend payout ratio is 216.89%.