Flex LNG Ltd., through its subsidiaries, engages in the transportation of liquefied natural gas worldwide.
High growth potential and good value.
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 -25.4% over the past year.
Return vs Market: FLNG underperformed the Norwegian Market which returned -9.4% 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 Wouldn't Rely On Flex LNG's (OB:FLNG) Statutory Earnings As A Guide
1 month ago | Simply Wall StCould The Flex LNG Ltd. (OB:FLNG) Ownership Structure Tell Us Something Useful?
1 month ago | Simply Wall StIs Flex LNG Ltd. (OB:FLNG) Investing Your Capital Efficiently?
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 (NOK59.5) is trading below our estimate of fair value (NOK260.28)
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 (20.4x) compared to the Oil and Gas industry average (14.5x).
PE vs Market: FLNG is poor value based on its PE Ratio (20.4x) compared to the Norwegian market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: FLNG is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: FLNG is good value based on its PB Ratio (0.4x) compared to the NO Oil and Gas industry average (0.7x).
How is Flex LNG forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLNG's forecast earnings growth (39.3% per year) is above the savings rate (0.7%).
Earnings vs Market: FLNG's earnings (39.3% per year) are forecast to grow faster than the Norwegian market (18.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FLNG's revenue (27.9% per year) is forecast to grow faster than the Norwegian market (3.2% per year).
High Growth Revenue: FLNG's revenue (27.9% 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 (7%).
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 (14.1%) are lower than last year (15.3%).
Past Earnings Growth Analysis
Earnings Trend: FLNG has become profitable over the past 5 years, growing earnings by 40.6% per year.
Accelerating Growth: FLNG's earnings growth over the past year (44%) exceeds its 5-year average (40.6% per year).
Earnings vs Industry: FLNG earnings growth over the past year (44%) exceeded the Oil and Gas industry 34.4%.
Return on Equity
High ROE: FLNG's Return on Equity (2%) is considered low.
Return on Assets
Return on Capital Employed
How is Flex LNG's financial position?
Financial Position Analysis
Short Term Liabilities: FLNG's short term assets ($143.9M) exceed its short term liabilities ($57.7M).
Long Term Liabilities: FLNG's short term assets ($143.9M) do not cover its long term liabilities ($744.3M).
Debt to Equity History and Analysis
Debt Level: FLNG's debt to equity ratio (93.1%) is considered high.
Reducing Debt: FLNG's debt to equity ratio has increased from 3.3% to 93.1% over the past 5 years.
Inventory Level: FLNG has a high level of physical assets or inventory.
Debt Coverage by Assets: FLNG's debt is not covered by short term assets (assets are 0.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: FLNG is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: FLNG is profitable, therefore cash runway is not a concern.
What is Flex LNG's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FLNG's dividend (6.32%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.03%).
High Dividend: FLNG's dividend (6.32%) is low compared to the top 25% of dividend payers in the Norwegian market (6.52%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether FLNG's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if FLNG's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.3%), FLNG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FLNG's dividends in 3 years are forecast to be covered by earnings (68.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Øystein Kalleklev (39yo)
Mr. Øystein M. Kalleklev has been Chief 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 shippi ...
|Chief Executive Officer||1.5yrs||no data||0.065% $2.1m|
|Chief Financial Officer||1.1yrs||no data||0.018% $595.0k|
|Senior Vice President of Business Development||3yrs||no data||no data|
|Head of Commercial||1.5yrs||no data||0.0023% $75.3k|
|Senior Vice President of Finance||0yrs||no data||no data|
|Company Secretary||0yrs||no data||no data|
Experienced Management: FLNG's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
|Independent Director||2.7yrs||US$40.00k||0.0040% $128.5k|
|Chairman of the Board||8.4yrs||US$100.00k||0.17% $5.4m|
|Independent Director||2.4yrs||US$40.00k||0.011% $356.7k|
|Independent Director||4.2yrs||US$40.00k||0.011% $367.0k|
|Director||0.4yrs||no data||no data|
Experienced Board: FLNG's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.3%.
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: kr3.220b
- 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||Jun 2017|
|FLNG||NYSE (New York Stock Exchange)||Yes||Ordinary Shares||US||USD||Jun 2017|
|FLNG||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jun 2017|
|0QQA||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2017|
Flex LNG Ltd., through its subsidiaries, engages in the transportation of liquefied natural gas worldwide. The company has a total fleet of four LNG carriers. It also provides chartering and management services. Flex LNG Ltd. was founded in 2006 and is based in Hamilton, Bermuda.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 23:21|
|End of Day Share Price||2020/02/27 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.