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Golar LNG

DB:G2O
Snowflake Description

Reasonable growth potential unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
G2O
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. The last earnings update was 21 days ago. More info.


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G2O Share Price and Events
7 Day Returns
-0.2%
DB:G2O
1.8%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-13.4%
DB:G2O
2.6%
DE Oil and Gas
-7.6%
DE Market
G2O Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Golar LNG (G2O) -0.2% -3.3% 5.8% -13.4% 6.7% -36.7%
DE Oil and Gas 1.8% 2.3% 14.1% 2.6% 8.3% 40.5%
DE Market 2.1% 3.6% 8.1% -7.6% 9.8% 12.4%
1 Year Return vs Industry and Market
  • G2O underperformed the Oil and Gas industry which returned 2.6% over the past year.
  • G2O underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
G2O
Industry
5yr Volatility vs Market
Related Companies

G2O Value

 Is Golar LNG undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Golar LNG to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Golar LNG.

DB:G2O Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:G2O
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.942 (1 + (1- 21%) (119.11%))
1.555
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.56
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.555 * 5.96%)
9.5%

Discounted Cash Flow Calculation for DB:G2O using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Golar LNG is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:G2O DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.5%)
2019 76.20 Analyst x4 69.59
2020 183.56 Analyst x6 153.10
2021 203.99 Analyst x3 155.38
2022 219.20 Est @ 7.45% 152.48
2023 230.79 Est @ 5.29% 146.62
2024 239.48 Est @ 3.77% 138.95
2025 245.97 Est @ 2.71% 130.33
2026 250.79 Est @ 1.96% 121.36
2027 254.41 Est @ 1.44% 112.43
2028 257.16 Est @ 1.08% 103.79
Present value of next 10 years cash flows $1,284.04
DB:G2O DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $257.16 × (1 + 0.23%) ÷ (9.5% – 0.23%)
$2,780.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,780.54 ÷ (1 + 9.5%)10
$1,122.25
DB:G2O Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,284.04 + $1,122.25
$2,406.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,406.28 / 98.30
$24.48
DB:G2O Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:G2O represents 0.86536x of NasdaqGS:GLNG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86536x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 24.48 x 0.86536
€21.18
Value per share (EUR) From above. €21.18
Current discount Discount to share price of €18.96
= -1 x (€18.96 - €21.18) / €21.18
10.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Golar LNG is available for.
Intrinsic value
10%
Share price is €18.96 vs Future cash flow value of €21.18
Current Discount Checks
For Golar LNG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Golar LNG's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Golar LNG's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Golar LNG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Golar LNG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:G2O PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-2.35
NasdaqGS:GLNG Share Price ** NasdaqGS (2019-03-20) in USD $21.91
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 16.47x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.91x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Golar LNG.

DB:G2O PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GLNG Share Price ÷ EPS (both in USD)

= 21.91 ÷ -2.35

-9.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Golar LNG is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Golar LNG is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Golar LNG's expected growth come at a high price?
Raw Data
DB:G2O PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -9.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
97.1%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.85x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Golar LNG, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Golar LNG's assets?
Raw Data
DB:G2O PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $17.75
NasdaqGS:GLNG Share Price * NasdaqGS (2019-03-20) in USD $21.91
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.99x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.79x
DB:G2O PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GLNG Share Price ÷ Book Value per Share (both in USD)

= 21.91 ÷ 17.75

1.23x

* Primary Listing of Golar LNG.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Golar LNG is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Golar LNG's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Golar LNG has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

G2O Future Performance

 How is Golar LNG expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
97.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Golar LNG expected to grow at an attractive rate?
  • Golar LNG's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Golar LNG's earnings growth is expected to exceed the Germany market average.
  • Golar LNG's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:G2O Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:G2O Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 97.1%
DB:G2O Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 11.8%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:G2O Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:G2O Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 888
2021-12-31 559 434 204 2
2020-12-31 597 315 148 8
2019-12-31 542 214 27 7
DB:G2O Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 431 117 -231
2018-09-30 306 163 85
2018-06-30 216 130 -25
2018-03-31 185 93 -135
2017-12-31 144 47 -180
2017-09-30 109 -46 -175
2017-06-30 99 -13 -155
2017-03-31 89 -58 -172
2016-12-31 80 -39 -187
2016-09-30 80 -300 -263
2016-06-30 85 -328 -390
2016-03-31 87 -285 -300

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Golar LNG's earnings are expected to grow significantly at over 20% yearly.
  • Golar LNG's revenue is expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:G2O Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Golar LNG Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G2O Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 2.01 2.90 1.32 6.00
2020-12-31 1.32 2.36 0.19 10.00
2019-12-31 0.32 0.53 0.13 7.00
DB:G2O Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -2.35
2018-09-30 0.85
2018-06-30 -0.25
2018-03-31 -1.34
2017-12-31 -1.79
2017-09-30 -1.76
2017-06-30 -1.59
2017-03-31 -1.80
2016-12-31 -1.99
2016-09-30 -2.82
2016-06-30 -4.18
2016-03-31 -3.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Golar LNG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Golar LNG's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Golar LNG has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

G2O Past Performance

  How has Golar LNG performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Golar LNG's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Golar LNG does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Golar LNG's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Golar LNG's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Golar LNG's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Golar LNG Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:G2O Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 430.60 -231.43 51.54
2018-09-30 306.25 85.35 62.01
2018-06-30 215.58 -24.74 56.16
2018-03-31 184.62 -134.86 52.91
2017-12-31 143.54 -179.70 50.33
2017-09-30 109.01 -174.90 42.08
2017-06-30 98.85 -154.97 42.96
2017-03-31 88.81 -172.29 45.83
2016-12-31 80.26 -186.53 45.96
2016-09-30 80.19 -262.76 41.09
2016-06-30 85.30 -389.93 38.63
2016-03-31 87.07 -299.67 38.15
2015-12-31 102.67 -171.15 33.53
2015-09-30 114.95 -148.08 27.77
2015-06-30 116.41 10.79 26.06
2015-03-31 117.35 -34.19 21.36
2014-12-31 106.16 -48.02 19.27
2014-09-30 90.64 0.84 22.48
2014-06-30 77.44 -20.06 21.05
2014-03-31 84.98 63.14 22.83
2013-12-31 99.83 109.56 22.95
2013-09-30 179.23 1,007.39 22.38
2013-06-30 284.72 1,065.24 23.11
2013-03-31 363.09 1,041.69 23.49
2012-12-31 410.35 971.30 25.01
2012-09-30 391.81 112.50 28.00
2012-06-30 348.45 81.52 29.24
2012-03-31 315.43 45.48 31.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Golar LNG has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Golar LNG has efficiently used its assets last year compared to the DE Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Golar LNG improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Golar LNG's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Golar LNG has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

G2O Health

 How is Golar LNG's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Golar LNG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Golar LNG's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Golar LNG's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Golar LNG's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Golar LNG Company Filings, last reported 2 months ago.

DB:G2O Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,825.79 2,565.36 217.84
2018-09-30 2,146.40 2,619.58 306.39
2018-06-30 1,842.70 2,724.69 375.07
2018-03-31 1,780.59 2,466.61 172.38
2017-12-31 1,796.30 2,410.85 214.86
2017-09-30 1,784.43 2,303.10 286.56
2017-06-30 1,822.65 2,324.59 343.23
2017-03-31 1,890.15 2,271.82 456.71
2016-12-31 1,909.83 1,978.67 224.19
2016-09-30 1,723.97 1,818.26 137.90
2016-06-30 1,743.93 1,794.21 64.72
2016-03-31 1,808.14 1,945.44 92.92
2015-12-31 1,916.18 1,840.50 105.24
2015-09-30 2,005.46 1,831.15 222.84
2015-06-30 2,205.44 1,819.63 374.83
2015-03-31 2,247.25 1,846.93 376.09
2014-12-31 2,237.42 1,357.02 191.41
2014-09-30 2,393.81 1,066.05 390.00
2014-06-30 2,442.17 788.92 484.68
2014-03-31 1,779.42 792.57 158.58
2013-12-31 1,804.14 728.43 125.35
2013-09-30 1,860.15 411.81 56.05
2013-06-30 1,927.98 413.01 191.46
2013-03-31 1,890.57 414.18 373.97
2012-12-31 1,764.32 531.38 424.71
2012-09-30 992.21 1,286.64 118.46
2012-06-30 786.77 1,434.22 77.49
2012-03-31 775.23 1,461.37 107.87
  • Golar LNG's level of debt (140.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.4% vs 140.5% today).
  • Debt is not well covered by operating cash flow (4.5%, less than 20% of total debt).
  • Golar LNG is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Golar LNG's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Golar LNG has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

G2O Dividends

 What is Golar LNG's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.74%
Current annual income from Golar LNG dividends. Estimated to be 2.91% next year.
If you bought €2,000 of Golar LNG shares you are expected to receive €55 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Golar LNG's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • Golar LNG's dividend is below the markets top 25% of dividend payers in Germany (3.83%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:G2O Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:G2O Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.66 8.00
2020-12-31 0.66 13.00
2019-12-31 0.61 12.00
DB:G2O Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-27 0.600 2.811
2018-11-05 0.600 2.548
2018-08-23 0.500 1.879
2018-05-31 0.200 0.743
2018-02-28 0.200 0.664
2017-11-30 0.200 0.720
2017-08-30 0.200 0.905
2017-05-31 0.200 0.904
2017-02-28 0.200 0.742
2016-11-30 0.200 0.793
2016-08-31 0.200 0.893
2016-06-03 0.200 1.151
2016-05-02 0.200 1.172
2016-02-29 0.200 1.046
2015-12-24 1.800 11.442
2015-11-30 1.800 10.036
2015-08-26 1.800 5.787
2015-05-27 1.800 4.134
2015-02-25 1.800 4.913
2014-11-26 1.800 5.387
2014-09-04 1.800 3.183
2014-08-26 1.800 2.880
2014-05-28 1.800 3.135
2014-04-30 1.800 4.062
2014-02-28 1.800 4.330
2013-12-02 1.800 5.115
2013-08-29 1.800 4.802
2013-06-03 1.800 5.158
2013-05-01 1.700 4.829
2013-03-04 1.700 4.832
2012-11-28 1.700 4.413
2012-08-23 1.600 4.077
2012-05-30 1.400 3.755
2012-02-21 1.300 3.451
2011-11-17 1.200 2.791
2011-08-18 1.100 3.187
2011-05-31 1.000 2.936
2011-03-01 1.000 3.887
2010-11-26 1.000 6.160
2010-08-27 0.600 4.684
2010-05-27 0.200 1.913
2010-04-26 0.000 0.000
2010-02-18 0.000 0.000
2009-08-28 0.000 0.000
2009-05-29 0.000 0.000
2009-03-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Golar LNG has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Golar LNG only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Golar LNG's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Golar LNG's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Golar LNG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Golar LNG has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

G2O Management

 What is the CEO of Golar LNG's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Iain Ross
COMPENSATION $0
AGE 56
TENURE AS CEO 1.5 years
CEO Bio

Mr. Iain Ross has been Chief Executive Officer of Golar Management Ltd at Golar LNG Limited since September 21, 2017. Mr. Ross served as Group Managing Director of Development at WorleyParsons Limited until May 1, 2015. Between 2002 and joining Golar, Mr. Ross held various executive level positions with project delivery firm WorleyParsons Limited. His Positions included Group Managing Director, Development, an ExCo position with responsibility for leadership of the Global Hydrocarbons, Power, Infrastructure and Mining Sectors, the development of the group Strategy, Mergers & Acquisitions (including integration of acquired companies) and, finally, as leader of their Digital Technology start-up. Mr. Ross served as Managing Director of M&A Strategy & CSGs at WorleyParsons Ltd. and served as its Managing Director of Hydrocarbons. Mr. Ross served as the Head of Hydrocarbons of Australia, Asia & Middle East of WorleyParsons Ltd. He has a broad technical and geographical skill base. With responsibility for Worley Group Limited’s Hydrocarbons group, Mr. Ross began his career in the UK North Sea working for Conoco (UK) in 1983. He worked for international oil and gas companies including Mcdermott International Inc., John Brown and Amec Engineering prior to joining Worley in 1994 as a Manager of the Brunei office. He has been 34 years of broad industry and geographic experience. Mr. Ross serves as Member of Industry Advisory Group of Western Australian Energy Research Alliance. He served as Executive Director of WorleyParsons Limited. Mr. Ross has a Bachelor Degree in Mechanical Engineering from Heriot-Watt University and is a Fellow of Engineers Australia and certified International Director from INSEAD.

CEO Compensation
  • Insufficient data for Iain to compare compensation growth.
  • Iain's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Golar LNG management team in years:

2
Average Tenure
56
Average Age
  • The average tenure for the Golar LNG management team is less than 2 years, this suggests a new team.
Management Team

Iain Ross

TITLE
Chief Executive Officer of Golar Management Ltd
AGE
56
TENURE
1.5 yrs

Graham Robjohns

TITLE
Deputy CEO & CFO of Golar Management Ltd.
AGE
53
TENURE
1 yrs

Øistein Dahl

TITLE
Chief Operating Officer of Golar Management Ltd.
AGE
57
TENURE
6.9 yrs

Michael Ashford

TITLE
Company Secretary & Director
AGE
71
TENURE
2.4 yrs

Morten Daviknes

TITLE
Chief Technical Officer of Golar Management Ltd.
TENURE
1.2 yrs

Stuart Buchanan

TITLE
Head of Investor Relations

Doug Arnell

TITLE
Senior Advisor
AGE
52
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Golar LNG board of directors in years:

3.1
Average Tenure
55
Average Age
  • The tenure for the Golar LNG board of directors is about average.
Board of Directors

Tor Trøim

TITLE
Chairman of the Board
AGE
55
TENURE
1.5 yrs

Michael Ashford

TITLE
Company Secretary & Director
AGE
71
TENURE
1.5 yrs

Lori Naess

TITLE
Independent Director
AGE
47
TENURE
3.1 yrs

Dan Rabun

TITLE
Independent Director
AGE
63
TENURE
4.1 yrs

Carl Steen

TITLE
Independent Director
AGE
67
TENURE
4.2 yrs

Niels Stolt-Nielsen

TITLE
Director
AGE
53
TENURE
3.5 yrs

Thorleif Egeli

TITLE
Director
AGE
54
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Golar LNG's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Golar LNG has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

G2O News

Simply Wall St News

G2O Company Info

Description

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating Liquefaction Natural Gas Vessel (FLNG), and Power. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers and floating storage regasification units (FSRUs); and the development of LNG projects. As of April 6, 2018, Golar LNG Limited, together with Golar LNG Partners LP and Golar Power Limited, owned and operated a fleet of 26 vessels, including 18 LNG carriers, 7 FSRUs, and 1 FLNG. The company was founded in 1946 and is headquartered in Hamilton, Bermuda.

Details
Name: Golar LNG Limited
G2O
Exchange: DB
Founded: 1946
$1,896,810,267
98,300,000
Website: http://www.golarlng.com
Address: Golar LNG Limited
S.E. Pearman Building,
2nd Floor,
Hamilton,
HM 11,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GLNG Common Shares Nasdaq Global Select US USD 21. Jun 2001
DB G2O Common Shares Deutsche Boerse AG DE EUR 21. Jun 2001
LSE 0HDY Common Shares London Stock Exchange GB USD 21. Jun 2001
OTCNO GOL Common Shares Norway OTC NO NOK 21. Jun 2001
Number of employees
Current staff
Staff numbers
180
Golar LNG employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 20:57
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.