FLEX LNG Ltd.

BATS-CHIXE:FLNGO Stock Report

Market Cap: NOK 14.3b

FLEX LNG Valuation

Is FLNGO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FLNGO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FLNGO (NOK272.4) is trading below our estimate of fair value (NOK650.59)

Significantly Below Fair Value: FLNGO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FLNGO?

Key metric: As FLNGO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FLNGO. This is calculated by dividing FLNGO's market cap by their current earnings.
What is FLNGO's PE Ratio?
PE Ratio14.1x
EarningsUS$91.86m
Market CapUS$1.30b

Price to Earnings Ratio vs Peers

How does FLNGO's PE Ratio compare to its peers?

The above table shows the PE ratio for FLNGO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.6x
NWF NWF Group
8.1x3.1%UK£73.4m
SEPL Seplat Energy
19.5x13.4%UK£1.2b
DEC Diversified Energy
5.6x1.1%UK£636.1m
ITH Ithaca Energy
13.3x-8.8%UK£1.7b
FLNGO FLEX LNG
14.1x17.1%NOK 1.3b

Price-To-Earnings vs Peers: FLNGO is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the peer average (11.6x).

Price to Earnings Ratio vs Industry

How does FLNGO's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ROSN Rosneft Oil
1.5xn/aUS$21.03b
INDI Indus Gas
0.9xn/aUS$17.76m
No more companies available in this PE range
No. of Companies5PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLNGO is expensive based on its Price-To-Earnings Ratio (14.1x) compared to the UK Oil and Gas industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is FLNGO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FLNGO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FLNGO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FLNGO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
NOK 299.01
0%
11.1%NOK 332.23NOK 265.79n/a2
Nov ’25NOK 266.80
NOK 296.59
+11.2%
11.1%NOK 329.54NOK 263.63n/a2
Oct ’25NOK 268.70
NOK 289.41
+7.7%
11.1%NOK 321.57NOK 257.26n/a2
Sep ’25n/a
NOK 289.41
0%
11.1%NOK 321.57NOK 257.26n/a2
Aug ’25n/a
NOK 290.59
0%
13.2%NOK 328.97NOK 252.21n/a2
Jul ’25NOK 293.40
NOK 288.81
-1.6%
9.1%NOK 315.07NOK 262.56n/a2
Jun ’25n/a
NOK 288.81
0%
9.1%NOK 315.07NOK 262.56n/a2
Feb ’25NOK 317.00
NOK 350.53
+10.6%
3.0%NOK 361.15NOK 339.91n/a2
Jan ’25n/a
NOK 350.53
0%
3.0%NOK 361.15NOK 339.91n/a2
Dec ’24n/a
NOK 350.53
0%
3.0%NOK 361.15NOK 339.91n/a2
Nov ’24n/a
NOK 350.53
0%
3.0%NOK 361.15NOK 339.91NOK 266.802
Oct ’24n/a
NOK 350.53
0%
3.0%NOK 361.15NOK 339.91NOK 268.702
Sep ’24n/a
NOK 350.53
0%
3.0%NOK 361.15NOK 339.91n/a2
Jun ’24NOK 328.40
NOK 358.23
+9.1%
5.9%NOK 379.30NOK 337.16n/a2
May ’24NOK 369.00
NOK 358.23
-2.9%
5.9%NOK 379.30NOK 337.16NOK 289.602
Apr ’24n/a
NOK 328.42
0%
5.9%NOK 347.74NOK 309.10NOK 270.202
Mar ’24NOK 363.20
NOK 328.42
-9.6%
5.9%NOK 347.74NOK 309.10NOK 268.202
Feb ’24NOK 313.80
NOK 328.42
+4.7%
5.9%NOK 347.74NOK 309.10NOK 317.002
Jan ’24NOK 337.00
NOK 328.42
-2.5%
5.9%NOK 347.74NOK 309.10n/a2
Dec ’23NOK 370.00
NOK 328.42
-11.2%
5.9%NOK 347.74NOK 309.10n/a2
Nov ’23NOK 324.80
NOK 328.42
+1.1%
5.9%NOK 347.74NOK 309.10n/a2

Analyst Forecast: Target price is less than 20% higher than the current share price.

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