FLEX LNG LTD (FLNG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:FLNG - BMG359472021 - Common Stock
25.81 USD
+0.09 (+0.35%)
25.81 USD
0 (0%)
Taking everything into account, FLNG scores 5 out of 10 in our fundamental rating. FLNG was compared to 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.
In the past year FLNG had a positive cash flow from operations.
In the past 5 years FLNG has always been profitable.
FLNG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.68%, FLNG is in line with its industry, outperforming 54.33% of the companies in the same industry.
The Return On Equity of FLNG (13.34%) is better than 73.08% of its industry peers.
FLNG has a Return On Invested Capital (5.77%) which is in line with its industry peers.
FLNG had an Average Return On Invested Capital over the past 3 years of 6.40%. This is significantly below the industry average of 21.83%.
| 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
The Profit Margin of FLNG (28.05%) is better than 86.06% 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 52.15%, FLNG belongs to the top of the industry, outperforming 92.79% of the companies in the same industry.
FLNG's Operating Margin has improved in the last couple of years.
FLNG's Gross Margin of 79.31% is amongst the best of the industry. FLNG outperforms 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
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.
The number of shares outstanding for FLNG remains at a similar level compared to 5 years ago.
Compared to 1 year ago, FLNG has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.84, we must say that FLNG is in the distress zone and has some risk of bankruptcy.
FLNG has a Altman-Z score (0.84) which is in line with its industry peers.
The Debt to FCF ratio of FLNG is 11.97, which is on the high side as it means it would take FLNG, 11.97 years of fcf income to pay off all of its debts.
FLNG's Debt to FCF ratio of 11.97 is in line compared 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.
FLNG's Debt to Equity ratio of 2.39 is on the low side compared to the rest of the industry. FLNG is outperformed by 83.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.39 | ||
| Debt/FCF | 11.97 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.72
WACC8%
2.3 Liquidity
A Current Ratio of 3.10 indicates that FLNG has no problem at all paying its short term obligations.
FLNG's Current ratio of 3.10 is amongst the best of the industry. FLNG outperforms 84.13% 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 better Quick ratio (3.05) than 84.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.1 | ||
| Quick Ratio | 3.05 |
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%.
FLNG shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 46.48% yearly.
FLNG shows a decrease in Revenue. In the last year, the revenue decreased by -3.20%.
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)-3.2%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%-5.29%
3.2 Future
FLNG is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.19% yearly.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.90, the valuation of FLNG can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of FLNG indicates a somewhat cheap valuation: FLNG is cheaper than 63.94% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.19, FLNG is valued rather cheaply.
FLNG is valuated correctly with a Price/Forward Earnings ratio of 13.06.
FLNG's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.92, FLNG is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.91 | ||
| Fwd PE | 13.06 |
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.
Based on the Price/Free Cash Flow ratio, FLNG is valued cheaply inside the industry as 82.21% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.99 | ||
| EV/EBITDA | 10.82 |
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)0.28
EPS Next 2Y-8.48%
EPS Next 3Y0.19%
5. Dividend
5.1 Amount
FLNG has a Yearly Dividend Yield of 11.66%, which is a nice return.
FLNG's Dividend Yield is rather good when compared to the industry average which is at 3.91. FLNG pays more dividend than 94.23% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, FLNG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.66% |
5.2 History
On average, the dividend of FLNG grows each year by 97.42%, 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 recently.
Dividend Growth(5Y)97.42%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
FLNG pays out 164.77% of its income as dividend. This is not a sustainable payout ratio.
The dividend of FLNG is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP164.77%
EPS Next 2Y-8.48%
EPS Next 3Y0.19%
25.81
+0.09 (+0.35%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.18%
Inst Owner Change0.02%
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap1.41B
Revenue(TTM)351.03M
Net Income(TTM)98.48M
Analysts50
Price Target25.83 (0.08%)
Short Float %7.53%
Short Ratio6.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.66% |
Yearly Dividend3
Dividend Growth(5Y)97.42%
DP164.77%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)0%
PT rev (3m)-7.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.09%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.36%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.91 | ||
| Fwd PE | 13.06 | ||
| P/S | 4.01 | ||
| P/FCF | 8.99 | ||
| P/OCF | 8.99 | ||
| P/B | 1.91 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | 10.82 |
EPS(TTM)2
EY7.75%
EPS(NY)1.98
Fwd EY7.66%
FCF(TTM)2.87
FCFY11.13%
OCF(TTM)2.87
OCFY11.13%
SpS6.44
BVpS13.54
TBVpS13.54
PEG (NY)N/A
PEG (5Y)0.28
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 | 0.84 |
F-Score5
WACC8%
ROIC/WACC0.72
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.
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 12.91 and the Price/Book (PB) ratio is 1.91.
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 -17.51% in the next year.