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GOLAR LNG LTD (GLNG) Stock Fundamental Analysis

NASDAQ:GLNG - Nasdaq - BMG9456A1009 - Common Stock - Currency: USD

40.75  +0.14 (+0.34%)

After market: 40.75 0 (0%)

Fundamental Rating

3

Overall GLNG gets a fundamental rating of 3 out of 10. We evaluated GLNG against 210 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of GLNG while its profitability can be described as average. GLNG does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

GLNG had positive earnings in the past year.
In the past year GLNG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: GLNG reported negative net income in multiple years.
GLNG had a positive operating cash flow in each of the past 5 years.
GLNG Yearly Net Income VS EBIT VS OCF VS FCFGLNG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M -1B

1.2 Ratios

Looking at the Return On Assets, with a value of 0.31%, GLNG is doing worse than 75.73% of the companies in the same industry.
GLNG has a worse Return On Equity (0.66%) than 72.33% of its industry peers.
GLNG has a Return On Invested Capital of 1.73%. This is in the lower half of the industry: GLNG underperforms 77.18% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GLNG is significantly below the industry average of 28.71%.
Industry RankSector Rank
ROA 0.31%
ROE 0.66%
ROIC 1.73%
ROA(3y)8.54%
ROA(5y)2.94%
ROE(3y)17.72%
ROE(5y)3.57%
ROIC(3y)2.06%
ROIC(5y)2.4%
GLNG Yearly ROA, ROE, ROICGLNG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 20 -20 30

1.3 Margins

Looking at the Profit Margin, with a value of 4.92%, GLNG is doing worse than 64.08% of the companies in the same industry.
GLNG has a Operating Margin of 29.84%. This is in the better half of the industry: GLNG outperforms 65.05% of its industry peers.
GLNG's Operating Margin has improved in the last couple of years.
The Gross Margin of GLNG (57.12%) is better than 64.56% of its industry peers.
In the last couple of years the Gross Margin of GLNG has grown nicely.
Industry RankSector Rank
OM 29.84%
PM (TTM) 4.92%
GM 57.12%
OM growth 3Y-3.75%
OM growth 5Y9.29%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.93%
GM growth 5Y5.36%
GLNG Yearly Profit, Operating, Gross MarginsGLNG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100 -100 200 -200

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so GLNG is destroying value.
GLNG has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, GLNG has more shares outstanding
GLNG has a worse debt/assets ratio than last year.
GLNG Yearly Shares OutstandingGLNG Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
GLNG Yearly Total Debt VS Total AssetsGLNG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

Based on the Altman-Z score of 1.33, we must say that GLNG is in the distress zone and has some risk of bankruptcy.
GLNG has a Altman-Z score (1.33) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.53 indicates that GLNG is somewhat dependend on debt financing.
The Debt to Equity ratio of GLNG (0.53) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF N/A
Altman-Z 1.33
ROIC/WACC0.21
WACC8.13%
GLNG Yearly LT Debt VS Equity VS FCFGLNG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B -1B 2B

2.3 Liquidity

GLNG has a Current Ratio of 1.55. This is a normal value and indicates that GLNG is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.55, GLNG is in the better half of the industry, outperforming 61.16% of the companies in the same industry.
GLNG has a Quick Ratio of 1.55. This is a normal value and indicates that GLNG is financially healthy and should not expect problems in meeting its short term obligations.
GLNG's Quick ratio of 1.55 is fine compared to the rest of the industry. GLNG outperforms 68.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.55
Quick Ratio 1.55
GLNG Yearly Current Assets VS Current LiabilitesGLNG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B

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3

3. Growth

3.1 Past

GLNG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.62%, which is quite good.
GLNG shows a decrease in Revenue. In the last year, the revenue decreased by -1.27%.
GLNG shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -7.07% yearly.
EPS 1Y (TTM)16.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5.31%
Revenue 1Y (TTM)-1.27%
Revenue growth 3Y4.51%
Revenue growth 5Y-7.07%
Sales Q2Q%-3.64%

3.2 Future

Based on estimates for the next years, GLNG will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.86% on average per year.
Based on estimates for the next years, GLNG will show a quite strong growth in Revenue. The Revenue will grow by 11.76% on average per year.
EPS Next Y-36.6%
EPS Next 2Y-20.72%
EPS Next 3Y-27.82%
EPS Next 5Y-17.86%
Revenue Next Year-9.75%
Revenue Next 2Y20%
Revenue Next 3Y11.76%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
GLNG Yearly Revenue VS EstimatesGLNG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
GLNG Yearly EPS VS EstimatesGLNG Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 2 -2

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 17.87, GLNG is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of GLNG is on the same level as its industry peers.
GLNG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.46.
With a Price/Forward Earnings ratio of 27.30, GLNG can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GLNG indicates a slightly more expensive valuation: GLNG is more expensive than 68.93% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of GLNG to the average of the S&P500 Index (92.56), we can say GLNG is valued rather cheaply.
Industry RankSector Rank
PE 17.87
Fwd PE 27.3
GLNG Price Earnings VS Forward Price EarningsGLNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

77.67% of the companies in the same industry are cheaper than GLNG, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 36.66
GLNG Per share dataGLNG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

GLNG's earnings are expected to decrease with -27.82% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-20.72%
EPS Next 3Y-27.82%

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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.47%, GLNG has a reasonable but not impressive dividend return.
GLNG's Dividend Yield is comparable with the industry average which is at 6.54.
GLNG's Dividend Yield is comparable with the S&P500 average which is at 2.27.
Industry RankSector Rank
Dividend Yield 2.47%

5.2 History

The dividend of GLNG decreases each year by -10.40%.
GLNG has been paying a dividend for at least 10 years, so it has a reliable track record.
GLNG has decreased its dividend recently.
Dividend Growth(5Y)-10.4%
Div Incr Years1
Div Non Decr Years1
GLNG Yearly Dividends per shareGLNG Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2023 2024 0.5 1 1.5

5.3 Sustainability

1225.20% of the earnings are spent on dividend by GLNG. This is not a sustainable payout ratio.
The Dividend Rate of GLNG has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP1225.2%
EPS Next 2Y-20.72%
EPS Next 3Y-27.82%
GLNG Yearly Income VS Free CF VS DividendGLNG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M -500M -1B
GLNG Dividend Payout.GLNG Dividend Payout, showing the Payout Ratio.GLNG Dividend Payout.PayoutRetained Earnings

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GOLAR LNG LTD

NASDAQ:GLNG (1/31/2025, 8:00:00 PM)

After market: 40.75 0 (0%)

40.75

+0.14 (+0.34%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-12 2024-11-12/bmo
Earnings (Next)N/A N/A
Inst Owners75.55%
Inst Owner Change0.1%
Ins Owners2.66%
Ins Owner ChangeN/A
Market Cap4.25B
Analysts84.29
Price Target46.85 (14.97%)
Short Float %4.01%
Short Ratio2.72
Dividend
Industry RankSector Rank
Dividend Yield 2.47%
Yearly Dividend0.75
Dividend Growth(5Y)-10.4%
DP1225.2%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.44%
Min EPS beat(2)-35.5%
Max EPS beat(2)28.62%
EPS beat(4)3
Avg EPS beat(4)32.4%
Min EPS beat(4)-35.5%
Max EPS beat(4)121.18%
EPS beat(8)6
Avg EPS beat(8)12.11%
EPS beat(12)9
Avg EPS beat(12)1.79%
EPS beat(16)11
Avg EPS beat(16)1349.78%
Revenue beat(2)0
Avg Revenue beat(2)-15.73%
Min Revenue beat(2)-18.14%
Max Revenue beat(2)-13.31%
Revenue beat(4)0
Avg Revenue beat(4)-12.39%
Min Revenue beat(4)-18.14%
Max Revenue beat(4)-1.34%
Revenue beat(8)0
Avg Revenue beat(8)-12.72%
Revenue beat(12)0
Avg Revenue beat(12)-19.14%
Revenue beat(16)0
Avg Revenue beat(16)-31.23%
PT rev (1m)0%
PT rev (3m)-0.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-21.75%
EPS NY rev (1m)0%
EPS NY rev (3m)-16.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-10.91%
Valuation
Industry RankSector Rank
PE 17.87
Fwd PE 27.3
P/S 15.52
P/FCF N/A
P/OCF 23.09
P/B 2.1
P/tB 2.1
EV/EBITDA 36.66
EPS(TTM)2.28
EY5.6%
EPS(NY)1.49
Fwd EY3.66%
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)1.76
OCFY4.33%
SpS2.63
BVpS19.45
TBVpS19.43
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.31%
ROE 0.66%
ROCE 2.19%
ROIC 1.73%
ROICexc 2.15%
ROICexgc 2.15%
OM 29.84%
PM (TTM) 4.92%
GM 57.12%
FCFM N/A
ROA(3y)8.54%
ROA(5y)2.94%
ROE(3y)17.72%
ROE(5y)3.57%
ROIC(3y)2.06%
ROIC(5y)2.4%
ROICexc(3y)2.59%
ROICexc(5y)2.79%
ROICexgc(3y)2.59%
ROICexgc(5y)2.79%
ROCE(3y)2.61%
ROCE(5y)3.04%
ROICexcg growth 3Y2.3%
ROICexcg growth 5Y6.29%
ROICexc growth 3Y2.3%
ROICexc growth 5Y6.29%
OM growth 3Y-3.75%
OM growth 5Y9.29%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.93%
GM growth 5Y5.36%
F-Score4
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF N/A
Debt/EBITDA 8
Cap/Depr 686.19%
Cap/Sales 131.86%
Interest Coverage 250
Cash Conversion 137.02%
Profit Quality N/A
Current Ratio 1.55
Quick Ratio 1.55
Altman-Z 1.33
F-Score4
WACC8.13%
ROIC/WACC0.21
Cap/Depr(3y)506.68%
Cap/Depr(5y)483.05%
Cap/Sales(3y)95.35%
Cap/Sales(5y)98.19%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.62%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%5.31%
EPS Next Y-36.6%
EPS Next 2Y-20.72%
EPS Next 3Y-27.82%
EPS Next 5Y-17.86%
Revenue 1Y (TTM)-1.27%
Revenue growth 3Y4.51%
Revenue growth 5Y-7.07%
Sales Q2Q%-3.64%
Revenue Next Year-9.75%
Revenue Next 2Y20%
Revenue Next 3Y11.76%
Revenue Next 5YN/A
EBIT growth 1Y48.45%
EBIT growth 3Y0.6%
EBIT growth 5Y1.56%
EBIT Next Year3.69%
EBIT Next 3Y4.87%
EBIT Next 5Y11.71%
FCF growth 1Y-1690.07%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-23.74%
OCF growth 3Y-2.85%
OCF growth 5Y2.99%