FLEX LNG LTD (FLNG) Fundamental Analysis & Valuation

NYSE:FLNG • BMG359472021

Current stock price

31.89 USD
+0.22 (+0.69%)
Last:

This FLNG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

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.
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

  • FLNG's Return On Assets of 2.85% is in line compared to the rest of the industry. FLNG outperforms 47.85% of its industry peers.
  • FLNG has a better Return On Equity (10.40%) than 62.20% of its industry peers.
  • FLNG has a Return On Invested Capital (5.65%) which is in line with its industry peers.
  • FLNG had an Average Return On Invested Capital over the past 3 years of 6.20%. This is significantly below the industry average of 22.52%.
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 77.51% of its industry peers.
  • FLNG's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 50.57%, FLNG belongs to the best of the industry, outperforming 92.82% of the companies in the same industry.
  • In the last couple of years the Operating Margin of FLNG has grown nicely.
  • FLNG has a Gross Margin of 78.46%. This is amongst the best in the industry. FLNG outperforms 88.52% of its industry peers.
  • 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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4

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.
  • Compared to 1 year ago, FLNG has a worse debt to assets ratio.
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

  • Based on the Altman-Z score of 0.94, we must say that FLNG is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of FLNG (0.94) 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.
  • Looking at the Debt to FCF ratio, with a value of 13.13, FLNG is in line with its industry, outperforming 51.20% 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 has a worse Debt to Equity ratio (2.42) than 84.21% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.42
Debt/FCF 13.13
Altman-Z 0.94
ROIC/WACC0.88
WACC6.42%
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

  • 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.
  • The Current ratio of FLNG (3.03) is better than 82.30% of its industry peers.
  • 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.
  • With an excellent Quick ratio value of 2.98, FLNG belongs to the best of the industry, outperforming 82.78% 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. FLNG Growth Analysis

3.1 Past

  • The earnings per share for FLNG have decreased strongly by -21.19% in the last year.
  • The Earnings Per Share has been growing by 46.48% on average over the past years. This is a very strong growth
  • Looking at the last year, FLNG shows a decrease in Revenue. The Revenue has decreased by -2.44% in the last year.
  • The Revenue has been growing by 24.33% on average over the past years. This is a very strong growth!
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.
  • The Revenue is expected to decrease by -0.33% on average over the next years.
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

  • 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 2028 0 1 2 3

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3

4. FLNG Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 17.15, the valuation of FLNG can be described as rather expensive.
  • FLNG's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, FLNG is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 18.46 indicates a rather expensive valuation of FLNG.
  • FLNG's Price/Forward Earnings is on the same level as the industry average.
  • FLNG's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.99.
Industry RankSector Rank
PE 17.15
Fwd PE 18.46
FLNG Price Earnings VS Forward Price EarningsFLNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

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 78.47% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.26
EV/EBITDA 12.33
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.
  • A cheap valuation may be justified as FLNG's earnings are expected to decrease with -6.58% in the coming years.
PEG (NY)N/A
PEG (5Y)0.37
EPS Next 2Y-14.45%
EPS Next 3Y-6.58%

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

5

5. FLNG Dividend Analysis

5.1 Amount

  • FLNG has a Yearly Dividend Yield of 9.66%, which is a nice return.
  • FLNG's Dividend Yield is rather good when compared to the industry average which is at 3.22. FLNG pays more dividend than 93.30% of the companies in the same industry.
  • FLNG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 9.66%

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
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-14.45%
EPS Next 3Y-6.58%
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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FLNG Fundamentals: All Metrics, Ratios and Statistics

FLEX LNG LTD

NYSE:FLNG (4/29/2026, 12:03:05 PM)

31.89

+0.22 (+0.69%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-11
Earnings (Next)05-19
Inst Owners22.32%
Inst Owner Change1.7%
Ins Owners0.15%
Ins Owner Change0%
Market Cap1.72B
Revenue(TTM)347.64M
Net Income(TTM)74.81M
Analysts49.09
Price Target26.42 (-17.15%)
Short Float %13.3%
Short Ratio6.13
Dividend
Industry RankSector Rank
Dividend Yield 9.66%
Yearly Dividend3
Dividend Growth(5Y)71.82%
DP216.89%
Div Incr Years0
Div Non Decr Years2
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)2.78%
PT rev (3m)0.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20%
EPS NY rev (1m)4.66%
EPS NY rev (3m)-14.8%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.79%
Valuation
Industry RankSector Rank
PE 17.15
Fwd PE 18.46
P/S 4.96
P/FCF 12.26
P/OCF 12.26
P/B 2.4
P/tB 2.4
EV/EBITDA 12.33
EPS(TTM)1.86
EY5.83%
EPS(NY)1.73
Fwd EY5.42%
FCF(TTM)2.6
FCFY8.16%
OCF(TTM)2.6
OCFY8.16%
SpS6.43
BVpS13.3
TBVpS13.3
PEG (NY)N/A
PEG (5Y)0.37
Graham Number23.5902 (-26.03%)
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 1.89
Cash Conversion 55.75%
Profit Quality 188.11%
Current Ratio 3.03
Quick Ratio 2.98
Altman-Z 0.94
F-Score4
WACC6.42%
ROIC/WACC0.88
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 3 / 10 to FLEX LNG LTD (FLNG). This can be considered as Overvalued.


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 17.15 and the Price/Book (PB) ratio is 2.4.


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%.