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FLEX LNG OB:FLNG Stock Report

Last Price

kr312.80

Market Cap

kr17.1b

7D

1.4%

1Y

-7.6%

Updated

22 May, 2024

Data

Company Financials +

FLEX LNG Ltd.

OB:FLNG Stock Report

Market Cap: kr17.1b

FLNG Stock Overview

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

About the company

FLNG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health1/6
Dividends2/6

Rewards

Trading at 48% below our estimate of its fair value
Earnings are forecast to grow 6.78% per year

Risk Analysis

Dividend of 10.76% 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

Avance Gas Holding

OB:AGAS

kr15.8b

Okeanis Eco Tankers

OB:OET

kr12.1b

BWG

OB:BWLPG

kr24.0b

Cool

OB:CLCO

kr6.9b

Price History & Performance

Summary of all time highs, changes and price drops for FLEX LNG
Historical stock prices
Current Share PriceUS$312.80
52 Week HighUS$360.00
52 Week LowUS$250.40
Beta0.68
1 Month Change10.84%
3 Month Change17.86%
1 Year Change-7.62%
3 Year Change163.97%
5 Year Change184.36%
Change since IPO101.81%

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

FLEX LNG's (OB:FLNG) Returns On Capital Are Heading Higher

Apr 15
FLEX LNG's (OB:FLNG) Returns On Capital Are Heading Higher

Did Flex LNG Ltd. (OB:FLNG) Insiders Buy Up More Shares?

Mar 04
Did Flex LNG Ltd. (OB:FLNG) Insiders Buy Up More Shares?

Flex LNG's(OB:FLNG) Share Price Is Down 35% Over The Past Three Years.

Feb 07
Flex LNG's(OB:FLNG) Share Price Is Down 35% Over The Past Three Years.

Are Flex LNG's (OB:FLNG) Statutory Earnings A Good Guide To Its Underlying Profitability?

Jan 22
Are Flex LNG's (OB:FLNG) Statutory Earnings A Good Guide To Its Underlying Profitability?

What Do The Returns At Flex LNG (OB:FLNG) Mean Going Forward?

Jan 04
What Do The Returns At Flex LNG (OB:FLNG) Mean Going Forward?

Shareholder Returns

FLNGNO Oil and GasNO Market
7D1.4%1.4%0.3%
1Y-7.6%4.5%7.7%

Return vs Industry: FLNG underperformed the Norwegian Oil and Gas industry which returned 6.2% over the past year.

Return vs Market: FLNG underperformed the Norwegian Market which returned 7.7% over the past year.

Price Volatility

Is FLNG's price volatile compared to industry and market?
FLNG volatility
FLNG Average Weekly Movement3.4%
Oil and Gas Industry Average Movement4.8%
Market Average Movement5.0%
10% most volatile stocks in NO Market10.6%
10% least volatile stocks in NO Market3.1%

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

Volatility Over Time: FLNG's weekly volatility (3%) 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 capkr17.12b
Earnings (TTM)kr1.29b
Revenue (TTM)kr3.98b

13.0x

P/E Ratio

4.2x

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$371.02m
Cost of RevenueUS$70.04m
Gross ProfitUS$300.99m
Other ExpensesUS$180.95m
EarningsUS$120.04m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 23, 2024

Earnings per share (EPS)2.23
Gross Margin81.12%
Net Profit Margin32.35%
Debt/Equity Ratio105.2%

How did FLNG perform over the long term?

See historical performance and comparison

Dividends

10.8%

Current Dividend Yield

134%

Payout Ratio
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