FLEX LNG (LSE:0RQ8) - Stock Price, News & Analysis

0RQ8 Stock Overview

Flex LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide.

About the company

0RQ8 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	2/6
Financial Health	1/6
Dividends	2/6

Rewards

Trading at 51.7% below our estimate of its fair value

Earnings are forecast to grow 7.64% per year

Risk Analysis

Dividend of 12.31% is not well covered by earnings or cash flows

Interest payments are not well covered by earnings

Profit margins (32.4%) are lower than last year (54%)

FLEX LNG Ltd. Competitors

NWF Group

AIM:NWF

UK£98.9m

Ithaca Energy

LSE:ITH

UK£1.2b

Seplat Energy

LSE:SEPL

UK£870.9m

Harbour Energy

LSE:HBR

UK£2.2b

Price History & Performance

Summary of all time highs, changes and price drops for FLEX LNG
Historical stock prices
Current Share Price	US$280.83
52 Week High	US$371.00
52 Week Low	US$251.20
Beta	0.69
1 Month Change	4.67%
3 Month Change	-9.21%
1 Year Change	-24.08%
3 Year Change	195.76%
5 Year Change	129.70%
Change since IPO	128.31%

Recent updates

Shareholder Returns

	0RQ8	GB Oil and Gas	GB Market
7D	1.7%	-0.9%	-0.7%
1Y	-24.1%	7.6%	-1.8%

Return vs Industry: 0RQ8 underperformed the UK Oil and Gas industry which returned 7.4% over the past year.

Return vs Market: 0RQ8 underperformed the UK Market which returned -2.4% over the past year.

Price Volatility

Is 0RQ8's price volatile compared to industry and market?
0RQ8 volatility
0RQ8 Average Weekly Movement	3.5%
Oil and Gas Industry Average Movement	8.1%
Market Average Movement	4.8%
10% most volatile stocks in GB Market	11.5%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0RQ8 has not had significant price volatility in the past 3 months.

Volatility Over Time: 0RQ8's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2006	10	Oystein Kalleklev	www.flexlng.com

Flex LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. Flex LNG Ltd.

FLEX LNG Ltd. Fundamentals Summary

How do FLEX LNG's earnings and revenue compare to its market cap?
0RQ8 fundamental statistics
Market cap	kr15.11b
Earnings (TTM)	kr1.33b
Revenue (TTM)	kr4.10b

11.4x

P/E Ratio

3.7x

P/S Ratio

Is 0RQ8 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0RQ8 income statement (TTM)
Revenue	US$371.02m
Cost of Revenue	US$70.04m
Gross Profit	US$300.99m
Other Expenses	US$180.95m
Earnings	US$120.04m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 30, 2024

Earnings per share (EPS)	2.23
Gross Margin	81.12%
Net Profit Margin	32.35%
Debt/Equity Ratio	105.2%

How did 0RQ8 perform over the long term?

See historical performance and comparison

Dividends

12.3%

Current Dividend Yield

134%

Payout Ratio

0RQ8 Stock Overview

Rewards

Risk Analysis

FLEX LNG Ltd. Competitors

AIM:NWF

UK£98.9m

LSE:ITH

UK£1.2b

LSE:SEPL

UK£870.9m

LSE:HBR

UK£2.2b

Price History & Performance

Recent News & Updates

Full year 2023 earnings released: EPS: US$2.24 (vs US$3.54 in FY 2022)

Upcoming dividend of US$0.75 per share at 12% yield

Fourth quarter dividend of US$0.75 announced

Full year 2023 earnings released: EPS: US$2.24 (vs US$3.54 in FY 2022)

New major risk - Revenue and earnings growth

Flex LNG Ltd. Declares Dividend for the Fourth Quarter of 2023, Payable On or About March 5, 2024

Recent updates

Full year 2023 earnings released: EPS: US$2.24 (vs US$3.54 in FY 2022)

Upcoming dividend of US$0.75 per share at 12% yield

Fourth quarter dividend of US$0.75 announced

Full year 2023 earnings released: EPS: US$2.24 (vs US$3.54 in FY 2022)

New major risk - Revenue and earnings growth

Flex LNG Ltd. Declares Dividend for the Fourth Quarter of 2023, Payable On or About March 5, 2024

FLEX LNG Ltd. to Report Q4, 2023 Results on Feb 07, 2024

Upcoming dividend of US$0.88 per share at 9.6% yield

Third quarter 2023 earnings released: EPS: US$0.84 (vs US$0.88 in 3Q 2022)

Flex Lng Ltd. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

FLEX LNG Ltd. Announces Cash Dividend for the Third Quarter of 2023, Payable on or About December 5, 2023

Upcoming dividend of US$0.75 per share at 9.6% yield

Flex LNG Announces Dividend for the Second Quarter of 2023, on or About September 5, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.73 (vs US$0.83 in 2Q 2022)

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.75 per share at 9.8% yield

First quarter 2023 earnings released: EPS: US$0.31 (vs US$1.05 in 1Q 2022)

Flex Lng Ltd. Approves Cash Dividend for the First Quarter 2023, Payable on or About June 13, 2023

FLEX LNG Ltd. Declares Special Dividend for the Fourth Quarter of 2022

Full year 2022 earnings released: EPS: US$3.53 (vs US$3.04 in FY 2021)

FLEX LNG Ltd. Approves Cash Dividend for the Fourth Quarter 2022, Payable on or About 7 March 2023

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

FLEX LNG Ltd. to Report Q3, 2023 Results on Nov 30, 2023

Upcoming dividend of US$0.75 per share

Third quarter 2022 earnings released: EPS: US$0.88 (vs US$0.62 in 3Q 2021)

FLEX LNG Ltd. Proposes Dividend, Payable on or About December 6, 2022

Flex LNG Ltd. Elects Susan Sakmar as Director

FLEX LNG Ltd. to Report Q4, 2022 Results on Feb 28, 2023

Upcoming dividend of US$1.25 per share

Second quarter 2022 earnings released: EPS: US$0.83 (vs US$0.24 in 2Q 2021)

FLEX LNG Ltd. Provides Financial Guidance for the Third and Fourth Quarter and Second Half of 2022

FLEX LNG Ltd. Provides Revenue Guidance for the Second Quarter, Third Quarter and Fourth Quarter 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Upcoming dividend of US$0.75 per share

First quarter 2022 earnings released: EPS: US$1.05 (vs US$0.88 in 1Q 2021)

Flex Lng Ltd. Declares First Quarter Dividend of 2022, Payable on or About June 07, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.75 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.75 per share

Third quarter 2021 earnings released: EPS US$0.62 (vs US$0.071 in 3Q 2020)

Upcoming dividend of US$0.40 per share

Second quarter 2021 earnings released: EPS US$0.24 (vs US$0.12 loss in 2Q 2020)

Upcoming dividend of US$0.40 per share

First quarter 2021 earnings released: EPS US$0.88 (vs US$0.28 loss in 1Q 2020)

FLEX LNG Ltd. Declares Cash Dividend for the First Quarter of 2021

Advisor has left the company

Investor sentiment improved over the past week

Independent Director has left the company

Full year 2020 earnings released: EPS US$0.15 (vs US$0.31 in FY 2019)

Flex LNG Ltd. Announces Board Changes

Full year 2020 earnings released: EPS US$0.15 (vs US$0.31 in FY 2019)

Revenue misses expectations

Flex LNG Ltd. Announces Executive Changes of Flex LNG Management AS