FLNG Stock Overview
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide.
Flex LNG Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr281.20|
|52 Week High||kr305.00|
|52 Week Low||kr111.60|
|1 Month Change||9.59%|
|3 Month Change||17.36%|
|1 Year Change||125.50%|
|3 Year Change||179.52%|
|5 Year Change||167.81%|
|Change since IPO||81.42%|
Recent News & Updates
FLEX LNG Ltd.'s (OB:FLNG) Intrinsic Value Is Potentially 63% Above Its Share Price
In this article we are going to estimate the intrinsic value of FLEX LNG Ltd. ( OB:FLNG ) by taking the expected future...
Does FLEX LNG (OB:FLNG) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
|FLNG||NO Oil and Gas||NO Market|
Return vs Industry: FLNG exceeded the Norwegian Oil and Gas industry which returned 64.4% over the past year.
Return vs Market: FLNG exceeded the Norwegian Market which returned 3.2% over the past year.
|FLNG Average Weekly Movement||9.2%|
|Oil and Gas Industry Average Movement||7.6%|
|Market Average Movement||7.2%|
|10% most volatile stocks in NO Market||12.7%|
|10% least volatile stocks in NO Market||4.0%|
Stable Share Price: FLNG is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: FLNG's weekly volatility (9%) has been stable over the past year.
About the Company
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services.
Flex LNG Fundamentals Summary
|FLNG fundamental statistics|
Is FLNG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FLNG income statement (TTM)|
|Cost of Revenue||US$64.73m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 31, 2022
|Earnings per share (EPS)||3.21|
|Net Profit Margin||50.70%|
How did FLNG perform over the long term?See historical performance and comparison
10.5%Current Dividend Yield
Is FLNG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FLNG?
Other financial metrics that can be useful for relative valuation.
|What is FLNG's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FLNG's PE Ratio compare to its peers?
|FLNG PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: FLNG is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (141.7x).
Price to Earnings Ratio vs Industry
How does FLNG's PE Ratio compare vs other companies in the Oil and Gas Industry?
Price-To-Earnings vs Industry: FLNG is good value based on its Price-To-Earnings Ratio (8.9x) compared to the Norwegian Oil and Gas industry average (9x)
Price to Earnings Ratio vs Fair Ratio
What is FLNG'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.
|Current PE Ratio||8.9x|
|Fair PE Ratio||10.6x|
Price-To-Earnings vs Fair Ratio: FLNG is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (10.6x).
Share Price vs Fair Value
What is the Fair Price of FLNG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FLNG (NOK281.2) is trading below our estimate of fair value (NOK487.93)
Significantly Below Fair Value: FLNG is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: FLNG is poor value based on its PEG Ratio (3.3x)
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How is Flex LNG forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLNG's forecast earnings growth (2.7% per year) is above the savings rate (1.1%).
Earnings vs Market: FLNG's earnings (2.7% per year) are forecast to grow faster than the Norwegian market (1.6% per year).
High Growth Earnings: FLNG's earnings are forecast to grow, but not significantly.
Revenue vs Market: FLNG's revenue (4.7% per year) is forecast to grow faster than the Norwegian market (0.3% per year).
High Growth Revenue: FLNG's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLNG's Return on Equity is forecast to be high in 3 years time (20%)
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How has Flex LNG performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLNG has high quality earnings.
Growing Profit Margin: FLNG's current net profit margins (50.7%) are higher than last year (33.8%).
Past Earnings Growth Analysis
Earnings Trend: FLNG has become profitable over the past 5 years, growing earnings by 81.8% per year.
Accelerating Growth: FLNG's earnings growth over the past year (143.2%) exceeds its 5-year average (81.8% per year).
Earnings vs Industry: FLNG earnings growth over the past year (143.2%) exceeded the Oil and Gas industry -27.5%.
Return on Equity
High ROE: FLNG's Return on Equity (18.9%) is considered low.
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How is Flex LNG's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FLNG's short term assets ($193.8M) exceed its short term liabilities ($123.8M).
Long Term Liabilities: FLNG's short term assets ($193.8M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: FLNG's net debt to equity ratio (158.1%) is considered high.
Reducing Debt: FLNG's debt to equity ratio has increased from 4.1% to 177.3% over the past 5 years.
Debt Coverage: FLNG's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: FLNG's interest payments on its debt are well covered by EBIT (9.1x coverage).
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What is Flex LNG current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FLNG's dividend (10.53%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.74%).
High Dividend: FLNG's dividend (10.53%) is in the top 25% of dividend payers in the Norwegian market (6.94%)
Stability and Growth of Payments
Stable Dividend: FLNG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: FLNG's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (82.5%), FLNG's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (189.1%), FLNG's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Oystein Kalleklev (41 yo)
Mr. Oystein M. Kalleklev is Chief Executive Officer and Principal Executive Officer of Flex LNG Management and FLEX LNG Ltd since August 2018. He serves as Chief Financial Officer since October 2, 2017 unt...
Experienced Management: FLNG's management team is considered experienced (3.8 years average tenure).
Experienced Board: FLNG's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Flex LNG Ltd.'s employee growth, exchange listings and data sources
- Name: Flex LNG Ltd.
- Ticker: FLNG
- Exchange: OB
- Founded: 2006
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: kr14.940b
- Shares outstanding: 53.13m
- Website: https://www.flexlng.com
Number of Employees
- Flex LNG Ltd.
- Par-La-Ville Place
- 14 Par-La-Ville Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/26 00:00|
|End of Day Share Price||2022/06/24 00:00|
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.