FLEX LNG LTD (FLNG) Stock Fundamental Analysis
NYSE:FLNG • BMG359472021
27.49 USD
+0.43 (+1.59%)
At close: Feb 20, 2026
27.54 USD
+0.05 (+0.18%)
After Hours: 2/20/2026, 8:04:00 PM
We assign a fundamental rating of 5 out of 10 to FLNG. FLNG was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. While FLNG belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FLNG is valued correctly, but it does not seem to be growing.
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.
- In the past 5 years FLNG has always been profitable.
- Each year in the past 5 years FLNG had a positive operating cash flow.
1.2 Ratios
- FLNG has a Return On Assets of 2.85%. This is comparable to the rest of the industry: FLNG outperforms 47.57% of its industry peers.
- Looking at the Return On Equity, with a value of 10.40%, FLNG is in the better half of the industry, outperforming 62.62% of the companies in the same industry.
- 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 21.97%.
| 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
- Looking at the Profit Margin, with a value of 21.52%, FLNG is in the better half of the industry, outperforming 79.61% of the companies in the same industry.
- In the last couple of years the Profit Margin of FLNG has grown nicely.
- FLNG has a Operating Margin of 50.57%. This is amongst the best in the industry. FLNG outperforms 92.72% of its industry peers.
- FLNG's Operating Margin has improved in the last couple of years.
- FLNG has a Gross Margin of 78.46%. This is amongst the best in the industry. FLNG outperforms 89.32% of its industry peers.
- FLNG's Gross Margin has been stable in the last couple of years.
| 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. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLNG is destroying value.
- FLNG has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, FLNG has more shares outstanding
- The debt/assets ratio for FLNG is higher compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.86, we must say that FLNG is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.86, FLNG is in line with its industry, outperforming 43.20% of the companies in the same 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.
- The Debt to FCF ratio of FLNG (13.13) is comparable to the rest of the industry.
- 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: 83.98% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.42 | ||
| Debt/FCF | 13.13 | ||
| Altman-Z | 0.86 |
ROIC/WACC0.84
WACC6.75%
2.3 Liquidity
- A Current Ratio of 3.03 indicates that FLNG has no problem at all paying its short term obligations.
- FLNG's Current ratio of 3.03 is amongst the best of the industry. FLNG outperforms 82.52% 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.
- FLNG has a Quick ratio of 2.98. This is amongst the best in the industry. FLNG outperforms 83.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.03 | ||
| Quick Ratio | 2.98 |
3. Growth
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.
- Looking at the last year, FLNG shows a decrease in Revenue. The Revenue has decreased by -2.44% in the last 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 -0.40% on average over the next years.
- FLNG is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.22% yearly.
EPS Next Y-17.54%
EPS Next 2Y-8.2%
EPS Next 3Y-0.4%
EPS Next 5YN/A
Revenue Next Year-5.18%
Revenue Next 2Y-2.07%
Revenue Next 3Y-0.36%
Revenue Next 5Y-1.22%
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
- The Price/Earnings ratio is 14.78, which indicates a correct valuation of FLNG.
- Based on the Price/Earnings ratio, FLNG is valued a bit cheaper than 65.05% of the companies in the same industry.
- FLNG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.99.
- A Price/Forward Earnings ratio of 13.82 indicates a correct valuation of FLNG.
- Based on the Price/Forward Earnings ratio, FLNG is valued a bit cheaper than 66.50% of the companies in the same industry.
- FLNG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 13.82 |
4.2 Price Multiples
- FLNG's Enterprise Value to EBITDA is on the same level as the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of FLNG indicates a rather cheap valuation: FLNG is cheaper than 82.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.65 | ||
| EV/EBITDA | 11.39 |
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)0.32
EPS Next 2Y-8.2%
EPS Next 3Y-0.4%
5. Dividend
5.1 Amount
- FLNG has a Yearly Dividend Yield of 11.09%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.55, FLNG pays a better dividend. On top of this FLNG pays more dividend than 95.63% 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 1.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.09% |
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.
- FLNG has decreased its dividend recently.
Dividend Growth(5Y)71.82%
Div Incr Years1
Div Non Decr Years1
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-8.2%
EPS Next 3Y-0.4%
27.49
+0.43 (+1.59%)
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 Owners22.18%
Inst Owner Change-0.62%
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap1.50B
Revenue(TTM)347.64M
Net Income(TTM)74.81M
Analysts50.91
Price Target26.23 (-4.58%)
Short Float %9.54%
Short Ratio8.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.09% |
Yearly Dividend3
Dividend Growth(5Y)71.82%
DP216.89%
Div Incr Years1
Div Non Decr Years1
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)1.58%
PT rev (3m)7.17%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.77%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)-1.98%
Revenue NQ rev (1m)0.47%
Revenue NQ rev (3m)-3.98%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-2.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.78 | ||
| Fwd PE | 13.82 | ||
| P/S | 4.31 | ||
| P/FCF | 10.65 | ||
| P/OCF | 10.65 | ||
| P/B | 2.08 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 11.39 |
EPS(TTM)1.86
EY6.77%
EPS(NY)1.99
Fwd EY7.24%
FCF(TTM)2.58
FCFY9.39%
OCF(TTM)2.58
OCFY9.39%
SpS6.38
BVpS13.19
TBVpS13.19
PEG (NY)N/A
PEG (5Y)0.32
Graham Number23.5
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 | 250 | ||
| Cash Conversion | 55.75% | ||
| Profit Quality | 188.11% | ||
| Current Ratio | 3.03 | ||
| Quick Ratio | 2.98 | ||
| Altman-Z | 0.86 |
F-Score4
WACC6.75%
ROIC/WACC0.84
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-8.2%
EPS Next 3Y-0.4%
EPS Next 5YN/A
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-2.07%
Revenue Next 3Y-0.36%
Revenue Next 5Y-1.22%
EBIT growth 1Y-11.12%
EBIT growth 3Y-4.31%
EBIT growth 5Y18.38%
EBIT Next Year50.06%
EBIT Next 3YN/A
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 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 14.78 and the Price/Book (PB) ratio is 2.08.
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 -17.54% in the next year.