FLEX LNG LTD (FLNG) Stock Fundamental Analysis
USA - NYSE:FLNG - BMG359472021 - Common Stock
26.39 USD
+0.35 (+1.34%)
26.39 USD
0 (0%)
Taking everything into account, FLNG scores 5 out of 10 in our fundamental rating. FLNG was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. While FLNG has a great profitability rating, 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.
Each year in the past 5 years FLNG has been profitable.
FLNG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FLNG's Return On Assets of 3.77% is in line compared to the rest of the industry. FLNG outperforms 53.81% of its industry peers.
The Return On Equity of FLNG (13.00%) is better than 70.95% of its industry peers.
FLNG's Return On Invested Capital of 6.18% is in line compared to the rest of the industry. FLNG outperforms 55.24% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FLNG is significantly below the industry average of 21.72%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 13% | ||
| ROIC | 6.18% |
ROA(3y)5.29%
ROA(5y)4.5%
ROE(3y)16.49%
ROE(5y)13.74%
ROIC(3y)6.4%
ROIC(5y)5.69%
1.3 Margins
FLNG has a Profit Margin of 27.84%. This is amongst the best in the industry. FLNG outperforms 85.24% of its industry peers.
In the last couple of years the Profit Margin of FLNG has grown nicely.
With an excellent Operating Margin value of 54.11%, FLNG belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
In the last couple of years the Operating Margin of FLNG has grown nicely.
FLNG's Gross Margin of 79.84% is amongst the best of the industry. FLNG outperforms 90.00% 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.
Compared to 1 year ago, FLNG has a worse debt to assets ratio.
2.2 Solvency
FLNG has an Altman-Z score of 0.85. 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 0.85. This is comparable to the rest of the industry: FLNG outperforms 43.33% 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.
FLNG has a Debt to FCF ratio (10.76) which is comparable to the rest of the industry.
FLNG has a Debt/Equity ratio of 2.23. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of FLNG (2.23) is worse than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.23 | ||
| Debt/FCF | 10.76 | ||
| Altman-Z | 0.85 |
ROIC/WACC0.78
WACC7.92%
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.
The Current ratio of FLNG (2.84) is better than 83.81% of its industry peers.
A Quick Ratio of 2.81 indicates that FLNG has no problem at all paying its short term obligations.
FLNG has a Quick ratio of 2.81. This is amongst the best in the industry. FLNG outperforms 84.76% of its industry peers.
| 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 -19.68%.
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 -3.95%.
The Revenue has been growing by 24.33% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-19.68%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-18.87%
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-5.31%
3.2 Future
FLNG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.22% yearly.
Based on estimates for the next years, FLNG will show a small growth in Revenue. The Revenue will grow by 0.51% on average per year.
EPS Next Y-15.87%
EPS Next 2Y-6.86%
EPS Next 3Y-3.22%
EPS Next 5YN/A
Revenue Next Year-2.56%
Revenue Next 2Y-0.07%
Revenue Next 3Y0.51%
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
A Price/Earnings ratio of 13.20 indicates a correct valuation of FLNG.
Based on the Price/Earnings ratio, FLNG is valued a bit cheaper than the industry average as 61.90% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 25.89, FLNG is valued a bit cheaper.
FLNG is valuated correctly with a Price/Forward Earnings ratio of 12.89.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FLNG indicates a somewhat cheap valuation: FLNG is cheaper than 60.48% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, FLNG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.2 | ||
| Fwd PE | 12.89 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FLNG is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLNG indicates a rather cheap valuation: FLNG is cheaper than 83.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.59 | ||
| EV/EBITDA | 10.55 |
4.3 Compensation for Growth
FLNG has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as FLNG's earnings are expected to decrease with -3.22% in the coming years.
PEG (NY)N/A
PEG (5Y)0.28
EPS Next 2Y-6.86%
EPS Next 3Y-3.22%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.52%, FLNG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.87, FLNG pays a better dividend. On top of this FLNG pays more dividend than 94.76% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, FLNG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.52% |
5.2 History
The dividend of FLNG is nicely growing with an annual growth rate of 97.42%!
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)97.42%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FLNG pays out 163.62% 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.
DP163.62%
EPS Next 2Y-6.86%
EPS Next 3Y-3.22%
26.39
+0.35 (+1.34%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners20.56%
Inst Owner Change11.92%
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap1.44B
Revenue(TTM)356.35M
Net Income(TTM)99.07M
Analysts45.71
Price Target24.48 (-7.24%)
Short Float %6.75%
Short Ratio4.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.52% |
Yearly Dividend3
Dividend Growth(5Y)97.42%
DP163.62%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)-12.65%
PT rev (3m)-8.81%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.98%
EPS NY rev (1m)0.59%
EPS NY rev (3m)3.3%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.17%
Revenue NY rev (1m)1.25%
Revenue NY rev (3m)1.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.2 | ||
| Fwd PE | 12.89 | ||
| P/S | 4.04 | ||
| P/FCF | 8.59 | ||
| P/OCF | 8.59 | ||
| P/B | 1.89 | ||
| P/tB | 1.89 | ||
| EV/EBITDA | 10.55 |
EPS(TTM)2
EY7.58%
EPS(NY)2.05
Fwd EY7.76%
FCF(TTM)3.07
FCFY11.64%
OCF(TTM)3.07
OCFY11.64%
SpS6.53
BVpS13.98
TBVpS13.98
PEG (NY)N/A
PEG (5Y)0.28
Graham Number25.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.77% | ||
| ROE | 13% | ||
| ROCE | 7.82% | ||
| ROIC | 6.18% | ||
| ROICexc | 7.42% | ||
| ROICexgc | 7.42% | ||
| 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)6.4%
ROIC(5y)5.69%
ROICexc(3y)7.59%
ROICexc(5y)6.55%
ROICexgc(3y)7.59%
ROICexgc(5y)6.55%
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 | 0.85 |
F-Score4
WACC7.92%
ROIC/WACC0.78
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)-19.68%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-18.87%
EPS Next Y-15.87%
EPS Next 2Y-6.86%
EPS Next 3Y-3.22%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.95%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-5.31%
Revenue Next Year-2.56%
Revenue Next 2Y-0.07%
Revenue Next 3Y0.51%
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 FAQ
Can you provide the ChartMill fundamental rating for FLEX LNG LTD?
ChartMill assigns a fundamental rating of 5 / 10 to FLNG.
Can you provide the valuation status for FLEX LNG LTD?
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.
Can you provide the expected EPS growth for FLNG stock?
The Earnings per Share (EPS) of FLEX LNG LTD (FLNG) is expected to decline by -15.87% in the next year.
Can you provide the dividend sustainability for FLNG stock?
The dividend rating of FLEX LNG LTD (FLNG) is 5 / 10 and the dividend payout ratio is 163.62%.