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FLEX LNG OB:FLNG Stock Report

Last Price

NOK 272.80

Market Cap

NOK 14.1b

7D

10.2%

1Y

-14.7%

Updated

02 Jan, 2025

Data

Company Financials +

FLEX LNG Ltd.

OB:FLNG Stock Report

Market Cap: NOK 14.1b

FLNG Stock Overview

Engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. More details

FLNG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health2/6
Dividends3/6

Rewards

Trading at 59.6% below our estimate of its fair value

Earnings are forecast to grow 17.15% per year

Risk Analysis

Interest payments are not well covered by earnings

Profit margins (25.3%) are lower than last year (38.2%)

Dividend of 13.08% is not well covered by earnings


My Notes

Capture your thoughts, links and company narrative

FLEX LNG Ltd. Competitors

Avance Gas Holding

OB:AGAS

NOK 6.9b

BWG

OB:BWLPG

NOK 20.3b

Okeanis Eco Tankers

OB:OET

NOK 8.0b

BW Epic Kosan

OB:BWEK

NOK 3.9b

Price History & Performance

Summary of share price highs, lows and changes for FLEX LNG
Historical stock prices
Current Share PriceUS$272.80
52 Week HighUS$323.40
52 Week LowUS$234.00
Beta0.70
1 Month Change3.88%
3 Month Change-3.54%
1 Year Change-14.70%
3 Year Change45.26%
5 Year Change205.83%
Change since IPO76.00%

Recent News & Updates

Recent updates

Is Now The Time To Put FLEX LNG (OB:FLNG) On Your Watchlist?

May 09
Is Now The Time To Put FLEX LNG (OB:FLNG) On Your Watchlist?

Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Apr 08
Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Is FLEX LNG Ltd. (OB:FLNG) Worth kr368 Based On Its Intrinsic Value?

Mar 05
Is FLEX LNG Ltd. (OB:FLNG) Worth kr368 Based On Its Intrinsic Value?

We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt

Feb 12
We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt

With EPS Growth And More, FLEX LNG (OB:FLNG) Makes An Interesting Case

Jan 29
With EPS Growth And More, FLEX LNG (OB:FLNG) Makes An Interesting Case

Returns Are Gaining Momentum At FLEX LNG (OB:FLNG)

Jan 02
Returns Are Gaining Momentum At FLEX LNG (OB:FLNG)

A Look At The Intrinsic Value Of FLEX LNG Ltd. (OB:FLNG)

Nov 17
A Look At The Intrinsic Value Of FLEX LNG Ltd. (OB:FLNG)

We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt

Nov 01
We Think FLEX LNG (OB:FLNG) Is Taking Some Risk With Its Debt

Here's Why FLEX LNG (OB:FLNG) Has Caught The Eye Of Investors

Oct 18
Here's Why FLEX LNG (OB:FLNG) Has Caught The Eye Of Investors

Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Oct 01
Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Are Investors Undervaluing FLEX LNG Ltd. (OB:FLNG) By 37%?

Aug 12
Are Investors Undervaluing FLEX LNG Ltd. (OB:FLNG) By 37%?

These 4 Measures Indicate That FLEX LNG (OB:FLNG) Is Using Debt Extensively

Jul 11
These 4 Measures Indicate That FLEX LNG (OB:FLNG) Is Using Debt Extensively

Is Now The Time To Put Flex LNG (OB:FLNG) On Your Watchlist?

Jun 27
Is Now The Time To Put Flex LNG (OB:FLNG) On Your Watchlist?

FLEX LNG Ltd.'s (OB:FLNG) Intrinsic Value Is Potentially 63% Above Its Share Price

May 04
FLEX LNG Ltd.'s (OB:FLNG) Intrinsic Value Is Potentially 63% Above Its Share Price

Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?

Mar 30
Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?

Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Mar 15
Returns On Capital Are Showing Encouraging Signs At FLEX LNG (OB:FLNG)

Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today

Feb 22
Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today

Is FLEX LNG (OB:FLNG) Using Too Much Debt?

Dec 22
Is FLEX LNG (OB:FLNG) Using Too Much Debt?

Is There An Opportunity With FLEX LNG Ltd.'s (OB:FLNG) 47% Undervaluation?

Nov 16
Is There An Opportunity With FLEX LNG Ltd.'s (OB:FLNG) 47% Undervaluation?

Returns At FLEX LNG (OB:FLNG) Are On The Way Up

Sep 16
Returns At FLEX LNG (OB:FLNG) Are On The Way Up

Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today

Aug 09
Here's Why I Think FLEX LNG (OB:FLNG) Might Deserve Your Attention Today

Read This Before Buying FLEX LNG Ltd. (OB:FLNG) For Its Dividend

May 06
Read This Before Buying FLEX LNG Ltd. (OB:FLNG) For Its Dividend

Shareholder Returns

FLNGNO Oil and GasNO Market
7D10.2%9.1%3.9%
1Y-14.7%-15.7%1.4%

Return vs Industry: FLNG exceeded the Norwegian Oil and Gas industry which returned -19.8% over the past year.

Return vs Market: FLNG underperformed the Norwegian Market which returned -0.9% over the past year.

Price Volatility

Is FLNG's price volatile compared to industry and market?
FLNG volatility
FLNG Average Weekly Movement4.7%
Oil and Gas Industry Average Movement5.1%
Market Average Movement5.1%
10% most volatile stocks in NO Market11.6%
10% least volatile stocks in NO Market2.6%

Stable Share Price: FLNG has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: FLNG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200610Oystein Kalleklevwww.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?
FLNG fundamental statistics
Market capNOK 14.07b
Earnings (TTM)NOK 1.04b
Revenue (TTM)NOK 4.12b

13.5x

P/E Ratio

3.4x

P/S Ratio

Is FLNG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FLNG income statement (TTM)
RevenueUS$362.65m
Cost of RevenueUS$72.54m
Gross ProfitUS$290.11m
Other ExpensesUS$198.25m
EarningsUS$91.86m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 28, 2025

Earnings per share (EPS)1.70
Gross Margin80.00%
Net Profit Margin25.33%
Debt/Equity Ratio99.8%

How did FLNG perform over the long term?

See historical performance and comparison

Dividends

13.1%

Current Dividend Yield

176%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 00:32
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

FLEX LNG Ltd. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristoffer IdenArctic Securities ASA
Gregory LewisBTIG
Marius FurulyCarnegie Investment Bank AB