Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. More Details
High growth potential and slightly overvalued.
Share Price & News
How has Flex LNG's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FLNG's share price has been volatile over the past 3 months.
7 Day Return
NO Oil and Gas
1 Year Return
NO Oil and Gas
Return vs Industry: FLNG underperformed the Norwegian Oil and Gas industry which returned -24.2% over the past year.
Return vs Market: FLNG underperformed the Norwegian Market which returned -6.4% over the past year.
Price Volatility Vs. Market
How volatile is Flex LNG's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWe Like These Underlying Trends At Flex LNG (OB:FLNG)
1 month ago | Simply Wall StHow Much Of Flex LNG Ltd. (OB:FLNG) Do Institutions Own?
1 month ago | Simply Wall StPrincipal Executive Officer Øystein Kalleklev Just Bought 5.6% More Shares In Flex LNG Ltd. (OB:FLNG)
Is Flex LNG undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLNG (NOK65.3) is trading below our estimate of fair value (NOK432)
Significantly Below Fair Value: FLNG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FLNG is poor value based on its PE Ratio (136.6x) compared to the NO Oil and Gas industry average (4.6x).
PE vs Market: FLNG is poor value based on its PE Ratio (136.6x) compared to the Norwegian market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: FLNG is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: FLNG's PB Ratio (0.5x) is in line with the NO Oil and Gas industry average.
How is Flex LNG forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLNG's forecast earnings growth (112.9% per year) is above the savings rate (1.6%).
Earnings vs Market: FLNG's earnings (112.9% per year) are forecast to grow faster than the Norwegian market (33.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FLNG's revenue (29.8% per year) is forecast to grow faster than the Norwegian market (5.4% per year).
High Growth Revenue: FLNG's revenue (29.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLNG's Return on Equity is forecast to be low in 3 years time (6.9%).
How has Flex LNG performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLNG has high quality earnings.
Growing Profit Margin: FLNG's current net profit margins (1.9%) are lower than last year (9.7%).
Past Earnings Growth Analysis
Earnings Trend: FLNG has become profitable over the past 5 years, growing earnings by 44.2% per year.
Accelerating Growth: FLNG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FLNG had negative earnings growth (-69.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (699.5%).
Return on Equity
High ROE: FLNG's Return on Equity (0.3%) is considered low.
How is Flex LNG's financial position?
Financial Position Analysis
Short Term Liabilities: FLNG's short term assets ($136.3M) exceed its short term liabilities ($77.1M).
Long Term Liabilities: FLNG's short term assets ($136.3M) do not cover its long term liabilities ($726.3M).
Debt to Equity History and Analysis
Debt Level: FLNG's debt to equity ratio (43.1%) is considered high.
Reducing Debt: FLNG's debt to equity ratio has increased from 3.4% to 43.1% over the past 5 years.
Debt Coverage: FLNG's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: FLNG's interest payments on its debt are not well covered by EBIT (1.1x coverage).
What is Flex LNG current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FLNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FLNG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FLNG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FLNG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FLNG is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FLNG's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Øystein Kalleklev (40 yo)
Mr. Øystein M. Kalleklev has been Principal Executive Officer of Flex LNG Ltd since August 2018 and served as Chief Financial Officer since October 2, 2017. Mr. Kalleklev has extensive experience in the sh ...
|Principal Executive Officer||2.17yrs||no data||0.088% |
|Principal Financial Officer||1.75yrs||no data||0.031% |
|Compliance Officer||0.75yr||no data||no data|
|Senior Vice President of Business Development||3.67yrs||no data||no data|
|Head of Commercial & Operation Flex LNG Management AS||2.17yrs||no data||0% |
|Senior Vice President of Finance||no data||no data||no data|
|Chief Commercial Officer||0.75yr||no data||no data|
|Chief Technical Officer of Frontline Management & MD of Flex Fleet Management||no data||no data||no data|
|Company Secretary||no data||no data||no data|
Experienced Management: FLNG's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
|Independent Director||3.33yrs||US$40.00k||0.0059% |
|Independent Chairman of the Board||9.08yrs||US$100.00k||0.17% |
|Independent Director||3.08yrs||US$40.00k||0.045% |
|Independent Director||4.83yrs||US$40.00k||0.013% |
Experienced Board: FLNG's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FLNG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Flex LNG Ltd.'s company bio, 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
- Market Cap: kr3.533b
- Shares outstanding: 54.11m
- Website: https://www.flexlng.com
Number of Employees
- Flex LNG Ltd.
- Par-La-Ville Place
- 4th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|0RQ8||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Apr 2007|
|FLNG||NYSE (New York Stock Exchange)||Yes||Ordinary Shares||US||USD||Apr 2007|
|FLNG||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Apr 2007|
|FLNGO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Apr 2007|
|0QQA||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Apr 2007|
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of December 31, 2019, it owned and operated six LNG carriers. It also provides c ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/20 20:46|
|End of Day Share Price||2020/10/20 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.