FLEX LNG LTD (FLNG) Stock Fundamental Analysis
USA - NYSE:FLNG - BMG359472021 - Common Stock
25.92 USD
-0.05 (-0.19%)
25.92 USD
0 (0%)
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 has a great profitability rating, there are some minor concerns on its financial health. FLNG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year FLNG was profitable.
FLNG had a positive operating cash flow in the past year.
Each year in the past 5 years FLNG has been profitable.
In the past 5 years FLNG always reported a positive cash flow from operatings.
1.2 Ratios
FLNG has a Return On Assets (3.77%) which is in line with its industry peers.
With a decent Return On Equity value of 13.00%, FLNG is doing good in the industry, outperforming 70.48% of the companies in the same industry.
FLNG has a Return On Invested Capital (6.18%) which is comparable to the rest of the industry.
FLNG had an Average Return On Invested Capital over the past 3 years of 6.40%. This is significantly below the industry average of 21.75%.
| 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
With an excellent Profit Margin value of 27.84%, FLNG belongs to the best of the industry, outperforming 84.76% of the companies in the same industry.
FLNG's Profit Margin has improved in the last couple of years.
FLNG has a better Operating Margin (54.11%) than 92.38% of its industry peers.
In the last couple of years the Operating Margin of FLNG has grown nicely.
Looking at the Gross Margin, with a value of 79.84%, FLNG belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
In the last couple of years the Gross Margin of FLNG has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FLNG 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.
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.
With a Altman-Z score value of 0.84, FLNG perfoms like the industry average, outperforming 43.33% of the companies in the same industry.
FLNG has a debt to FCF ratio of 10.76. This is a negative value and a sign of low solvency as FLNG would need 10.76 years to pay back of 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.
Looking at the Debt to Equity ratio, with a value of 2.23, FLNG is doing worse than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.23 | ||
| Debt/FCF | 10.76 | ||
| Altman-Z | 0.84 |
ROIC/WACC0.76
WACC8.08%
2.3 Liquidity
A Current Ratio of 2.84 indicates that FLNG has no problem at all paying 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.
A Quick Ratio of 2.81 indicates that FLNG has no problem at all paying its short term obligations.
The Quick ratio of FLNG (2.81) is better than 84.29% of its industry peers.
| 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.
The Revenue has decreased by -2.98% in the past year.
The Revenue has been growing by 24.33% on average over the past years. This is a very strong growth!
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
Based on estimates for the next years, FLNG will show a decrease in Earnings Per Share. The EPS will decrease by -0.27% on average per year.
FLNG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.51% yearly.
EPS Next Y-13.78%
EPS Next 2Y-3.83%
EPS Next 3Y-0.27%
EPS Next 5YN/A
Revenue Next Year-2.56%
Revenue Next 2Y-0.07%
Revenue Next 3Y0.51%
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
A Price/Earnings ratio of 12.34 indicates a correct valuation of FLNG.
Based on the Price/Earnings ratio, FLNG is valued a bit cheaper than the industry average as 62.38% 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 26.51.
With a Price/Forward Earnings ratio of 11.87, the valuation of FLNG can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FLNG indicates a somewhat cheap valuation: FLNG is cheaper than 60.48% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.53. FLNG is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.34 | ||
| Fwd PE | 11.87 |
4.2 Price Multiples
FLNG's Enterprise Value to EBITDA ratio is in line with the industry average.
82.38% of the companies in the same industry are more expensive than FLNG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.44 | ||
| EV/EBITDA | 10.46 |
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-3.83%
EPS Next 3Y-0.27%
5. Dividend
5.1 Amount
FLNG has a Yearly Dividend Yield of 11.63%, which is a nice return.
FLNG's Dividend Yield is rather good when compared to the industry average which is at 6.82. FLNG pays more dividend than 92.86% of the companies in the same industry.
FLNG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.63% |
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 declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP163.62%
EPS Next 2Y-3.83%
EPS Next 3Y-0.27%
25.92
-0.05 (-0.19%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners20.56%
Inst Owner Change-0.48%
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap1.41B
Revenue(TTM)355.84M
Net Income(TTM)99.07M
Analysts73.85
Price Target24.48 (-5.56%)
Short Float %6.75%
Short Ratio4.84
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 11.63% |
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)-12.65%
PT rev (3m)-13.11%
EPS NQ rev (1m)5.99%
EPS NQ rev (3m)3.6%
EPS NY rev (1m)3.1%
EPS NY rev (3m)5.88%
Revenue NQ rev (1m)2.72%
Revenue NQ rev (3m)0.22%
Revenue NY rev (1m)1.25%
Revenue NY rev (3m)1.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.34 | ||
| Fwd PE | 11.87 | ||
| P/S | 3.97 | ||
| P/FCF | 8.44 | ||
| P/OCF | 8.44 | ||
| P/B | 1.85 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | 10.46 |
EPS(TTM)2.1
EY8.1%
EPS(NY)2.18
Fwd EY8.42%
FCF(TTM)3.07
FCFY11.85%
OCF(TTM)3.07
OCFY11.85%
SpS6.53
BVpS13.98
TBVpS13.98
PEG (NY)N/A
PEG (5Y)0.27
Graham Number25.7
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%
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-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 | 0.84 |
F-Score4
WACC8.08%
ROIC/WACC0.76
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-13.78%
EPS Next 2Y-3.83%
EPS Next 3Y-0.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.98%
Revenue growth 3Y1.24%
Revenue growth 5Y24.33%
Sales Q2Q%1.52%
Revenue Next Year-2.56%
Revenue Next 2Y-0.07%
Revenue Next 3Y0.51%
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%
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 6 / 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 -13.78% 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 163.62%.