FLEX LNG LTD (FLNG) Stock Fundamental Analysis
USA - NYSE:FLNG - BMG359472021 - Common Stock
24.9 USD
-0.03 (-0.12%)
We assign a fundamental rating of 5 out of 10 to FLNG. FLNG was compared to 210 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 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.
FLNG had positive earnings in each of the past 5 years.
In the past 5 years FLNG always reported a positive cash flow from operatings.
1.2 Ratios
FLNG has a Return On Assets of 3.77%. This is comparable to the rest of the industry: FLNG outperforms 53.33% of its industry peers.
Looking at the Return On Equity, with a value of 13.00%, FLNG is in the better half of the industry, outperforming 69.52% of the companies in the same industry.
FLNG has a Return On Invested Capital (6.18%) 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 21.76%.
| 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 84.29% 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 54.11%, FLNG belongs to the top of the industry, outperforming 92.38% of the companies in the same industry.
FLNG's Operating Margin has improved in the last couple of years.
The Gross Margin of FLNG (79.84%) is better than 90.48% 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
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.
FLNG has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for FLNG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.82, we must say that FLNG is in the distress zone and has some risk of bankruptcy.
FLNG has a Altman-Z score of 0.82. This is comparable to the rest of the industry: FLNG outperforms 42.38% 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.
The Debt to FCF ratio of FLNG (10.76) 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.
FLNG has a Debt to Equity ratio of 2.23. This is amonst the worse of the industry: FLNG underperforms 82.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.23 | ||
| Debt/FCF | 10.76 | ||
| Altman-Z | 0.82 |
ROIC/WACC0.75
WACC8.2%
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.
With an excellent Current ratio value of 2.84, FLNG belongs to the best of the industry, outperforming 83.81% of the companies in the same industry.
FLNG has a Quick Ratio of 2.81. This indicates that FLNG is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.81, FLNG belongs to the top of the industry, outperforming 84.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.84 | ||
| Quick Ratio | 2.81 |
3. Growth
3.1 Past
The earnings per share for FLNG have decreased strongly by -16.13% in the last year.
Measured over the past years, FLNG shows a very strong growth in Earnings Per Share. The EPS has been growing by 46.48% on average per year.
Looking at the last year, FLNG shows a decrease in Revenue. The Revenue has decreased by -2.98% in the last year.
FLNG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.33% yearly.
EPS 1Y (TTM)-16.13%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-17.86%
Revenue 1Y (TTM)-2.98%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%1.52%
3.2 Future
The Earnings Per Share is expected to grow by 0.97% 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 0.47% on average per year.
EPS Next Y-16.37%
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
EPS Next 5YN/A
Revenue Next Year-3.76%
Revenue Next 2Y-0.16%
Revenue Next 3Y0.47%
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
Based on the Price/Earnings ratio of 11.86, the valuation of FLNG can be described as reasonable.
69.52% of the companies in the same industry are more expensive than FLNG, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FLNG to the average of the S&P500 Index (27.20), we can say FLNG is valued rather cheaply.
The Price/Forward Earnings ratio is 11.13, which indicates a very decent valuation of FLNG.
Based on the Price/Forward Earnings ratio, FLNG is valued a bit cheaper than the industry average as 63.81% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of FLNG to the average of the S&P500 Index (22.70), we can say FLNG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.86 | ||
| Fwd PE | 11.13 |
4.2 Price Multiples
FLNG's Enterprise Value to EBITDA ratio is in line with the industry average.
FLNG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FLNG is cheaper than 82.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.1 | ||
| EV/EBITDA | 10.25 |
4.3 Compensation for Growth
The decent profitability rating of FLNG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
5. Dividend
5.1 Amount
FLNG has a Yearly Dividend Yield of 11.78%, which is a nice return.
Compared to an average industry Dividend Yield of 6.18, FLNG pays a better dividend. On top of this FLNG pays more dividend than 93.81% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, FLNG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.78% |
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.
The dividend of FLNG decreased recently.
Dividend Growth(5Y)97.42%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
163.62% 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.
DP163.62%
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
NYSE:FLNG (9/18/2025, 11:52:15 AM)
24.9
-0.03 (-0.12%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners24.72%
Inst Owner Change-13.4%
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap1.36B
Analysts73.85
Price Target28.03 (12.57%)
Short Float %7.13%
Short Ratio4.59
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.78% |
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)4.4%
PT rev (3m)0.33%
EPS NQ rev (1m)-2.84%
EPS NQ rev (3m)-20%
EPS NY rev (1m)2.69%
EPS NY rev (3m)2.69%
Revenue NQ rev (1m)-2.81%
Revenue NQ rev (3m)-6.82%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-0.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.86 | ||
| Fwd PE | 11.13 | ||
| P/S | 3.82 | ||
| P/FCF | 8.1 | ||
| P/OCF | 8.1 | ||
| P/B | 1.78 | ||
| P/tB | 1.78 | ||
| EV/EBITDA | 10.25 |
EPS(TTM)2.1
EY8.43%
EPS(NY)2.24
Fwd EY8.98%
FCF(TTM)3.07
FCFY12.34%
OCF(TTM)3.07
OCFY12.34%
SpS6.53
BVpS13.98
TBVpS13.98
PEG (NY)N/A
PEG (5Y)0.26
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%
ROICexcg growth 3Y2.05%
ROICexcg 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 | 0.82 |
F-Score4
WACC8.2%
ROIC/WACC0.75
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)-16.13%
EPS 3Y-4.38%
EPS 5Y46.48%
EPS Q2Q%-17.86%
EPS Next Y-16.37%
EPS Next 2Y-2.64%
EPS Next 3Y0.97%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.98%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%1.52%
Revenue Next Year-3.76%
Revenue Next 2Y-0.16%
Revenue Next 3Y0.47%
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%