FLEX LNG LTD (FLNG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FLNG - BMG359472021 - Common Stock
25.15 USD
-0.15 (-0.59%)
25.24 USD
+0.09 (+0.36%)
FLNG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 208 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 has a decent growth rate and is not valued too expensively.
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
With a Return On Assets value of 3.68%, FLNG perfoms like the industry average, outperforming 54.33% of the companies in the same industry.
FLNG has a Return On Equity of 13.34%. This is in the better half of the industry: FLNG outperforms 73.56% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.77%, FLNG is in line with its industry, outperforming 51.44% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for FLNG is significantly below the industry average of 21.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.68% | ||
| ROE | 13.34% | ||
| ROIC | 5.77% |
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 better Profit Margin (28.05%) than 85.58% of its industry peers.
In the last couple of years the Profit Margin of FLNG has grown nicely.
FLNG's Operating Margin of 52.15% is amongst the best of the industry. FLNG outperforms 92.31% of its industry peers.
FLNG's Operating Margin has improved in the last couple of years.
The Gross Margin of FLNG (79.31%) is better than 89.42% of its industry peers.
FLNG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.15% | ||
| PM (TTM) | 28.05% | ||
| GM | 79.31% |
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
FLNG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
FLNG has an Altman-Z score of 0.83. 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 0.83. This is comparable to the rest of the industry: FLNG outperforms 43.75% of its industry peers.
FLNG has a debt to FCF ratio of 11.97. This is a negative value and a sign of low solvency as FLNG would need 11.97 years to pay back of all of its debts.
FLNG has a Debt to FCF ratio of 11.97. This is comparable to the rest of the industry: FLNG outperforms 51.44% of its industry peers.
FLNG has a Debt/Equity ratio of 2.39. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.39, FLNG is doing worse than 85.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.39 | ||
| Debt/FCF | 11.97 | ||
| Altman-Z | 0.83 |
ROIC/WACC0.71
WACC8.14%
2.3 Liquidity
FLNG has a Current Ratio of 3.10. This indicates that FLNG is financially healthy and has no problem in meeting its short term obligations.
FLNG has a better Current ratio (3.10) than 84.62% of its industry peers.
A Quick Ratio of 3.05 indicates that FLNG has no problem at all paying its short term obligations.
FLNG has a Quick ratio of 3.05. This is amongst the best in the industry. FLNG outperforms 85.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.1 | ||
| Quick Ratio | 3.05 |
3. Growth
3.1 Past
The earnings per share for FLNG have decreased strongly by -19.68% 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 -3.20% 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)-19.68%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-18.87%
Revenue 1Y (TTM)-3.2%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-5.29%
3.2 Future
The Earnings Per Share is expected to grow by 0.19% 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 0.30% on average per year.
EPS Next Y-17.51%
EPS Next 2Y-8.48%
EPS Next 3Y0.19%
EPS Next 5YN/A
Revenue Next Year-5.07%
Revenue Next 2Y-1.19%
Revenue Next 3Y0.3%
Revenue Next 5YN/A
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. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.57 indicates a correct valuation of FLNG.
Based on the Price/Earnings ratio, FLNG is valued a bit cheaper than the industry average as 62.02% of the companies are valued more expensively.
FLNG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.38.
With a Price/Forward Earnings ratio of 12.72, FLNG is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FLNG is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.83. FLNG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.58 | ||
| Fwd PE | 12.72 |
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 a bit cheaper than 79.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.76 | ||
| EV/EBITDA | 10.71 |
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)0.27
EPS Next 2Y-8.48%
EPS Next 3Y0.19%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 11.86%, FLNG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.83, FLNG pays a better dividend. On top of this FLNG pays more dividend than 95.67% 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 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.86% |
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
164.77% 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.
DP164.77%
EPS Next 2Y-8.48%
EPS Next 3Y0.19%
25.15
-0.15 (-0.59%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.3%
Inst Owner Change11.86%
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap1.37B
Revenue(TTM)351.03M
Net Income(TTM)98.48M
Analysts50.91
Price Target25.83 (2.7%)
Short Float %8.72%
Short Ratio7.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.86% |
Yearly Dividend3
Dividend Growth(5Y)97.42%
DP164.77%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.91%
Min EPS beat(2)-8.35%
Max EPS beat(2)6.53%
EPS beat(4)3
Avg EPS beat(4)1.35%
Min EPS beat(4)-8.35%
Max EPS beat(4)7.17%
EPS beat(8)5
Avg EPS beat(8)2.63%
EPS beat(12)6
Avg EPS beat(12)2.53%
EPS beat(16)8
Avg EPS beat(16)0.44%
Revenue beat(2)1
Avg Revenue beat(2)-0.31%
Min Revenue beat(2)-1.37%
Max Revenue beat(2)0.75%
Revenue beat(4)1
Avg Revenue beat(4)-0.65%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)0.75%
Revenue beat(8)1
Avg Revenue beat(8)-1.58%
Revenue beat(12)2
Avg Revenue beat(12)-1.49%
Revenue beat(16)3
Avg Revenue beat(16)-1.63%
PT rev (1m)5.5%
PT rev (3m)-7.85%
EPS NQ rev (1m)-3.55%
EPS NQ rev (3m)-7.09%
EPS NY rev (1m)-1.95%
EPS NY rev (3m)-1.36%
Revenue NQ rev (1m)-3.63%
Revenue NQ rev (3m)-2.68%
Revenue NY rev (1m)-2.58%
Revenue NY rev (3m)-1.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.58 | ||
| Fwd PE | 12.72 | ||
| P/S | 3.91 | ||
| P/FCF | 8.76 | ||
| P/OCF | 8.76 | ||
| P/B | 1.86 | ||
| P/tB | 1.86 | ||
| EV/EBITDA | 10.71 |
EPS(TTM)2
EY7.95%
EPS(NY)1.98
Fwd EY7.86%
FCF(TTM)2.87
FCFY11.42%
OCF(TTM)2.87
OCFY11.42%
SpS6.44
BVpS13.54
TBVpS13.54
PEG (NY)N/A
PEG (5Y)0.27
Graham Number24.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.68% | ||
| ROE | 13.34% | ||
| ROCE | 7.31% | ||
| ROIC | 5.77% | ||
| ROICexc | 7.14% | ||
| ROICexgc | 7.14% | ||
| OM | 52.15% | ||
| PM (TTM) | 28.05% | ||
| GM | 79.31% | ||
| FCFM | 44.61% |
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-Score5
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.39 | ||
| Debt/FCF | 11.97 | ||
| Debt/EBITDA | 6.82 | ||
| Cap/Depr | 0% | ||
| Cap/Sales | 0% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 60.45% | ||
| Profit Quality | 159% | ||
| Current Ratio | 3.1 | ||
| Quick Ratio | 3.05 | ||
| Altman-Z | 0.83 |
F-Score5
WACC8.14%
ROIC/WACC0.71
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-17.51%
EPS Next 2Y-8.48%
EPS Next 3Y0.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.2%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-5.29%
Revenue Next Year-5.07%
Revenue Next 2Y-1.19%
Revenue Next 3Y0.3%
Revenue Next 5YN/A
EBIT growth 1Y-10.98%
EBIT growth 3Y-0.56%
EBIT growth 5Y29.17%
EBIT Next Year27.38%
EBIT Next 3Y11.28%
EBIT Next 5YN/A
FCF growth 1Y-10.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-10.07%
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 -17.51% 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 164.77%.