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GLNG

Golar LNGNasdaqGS:GLNG Stock Report

Market Cap

US$1.5b

7D

-0.1%

1Y

63.1%

Updated

22 Oct, 2021

Data

Company Financials +
GLNG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

GLNG Overview

Golar LNG Limited provides infrastructure for the liquefaction, transportation, and regasification of LNG.

Golar LNG Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Golar LNG
Historical stock prices
Current Share PriceUS$13.52
52 Week HighUS$6.88
52 Week LowUS$15.12
Beta0.83
1 Month Change21.58%
3 Month Change18.29%
1 Year Change63.09%
3 Year Change-47.52%
5 Year Change-40.20%
Change since IPO157.52%

Recent News & Updates

Sep 05

Golar LNG: Still Far Too Much Debt Even After Their Asset Divestitures

Golar LNG started 2021 by announcing the divestitures of their Hygo Energy and Golar LNG Partners stakes to New Fortress Energy. Whilst this sounds transformational, sadly they still have far too much debt even after these asset divestitures for shareholders to expect any dividends after years of waiting. Their leverage remains very high since most of the proceeds were shares in New Fortress Energy and their free cash flow remains negative due to high capital expenditure. Even if these shares were liquidated to repay debt, their leverage would still be well into the very high territory. At least their previous crisis level liquidity has improved but risks still remain until their debt refinancing is completed, which means that I only believe upgrading to a neutral rating is appropriate.

Aug 12
Does Golar LNG (NASDAQ:GLNG) Have A Healthy Balance Sheet?

Does Golar LNG (NASDAQ:GLNG) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Jun 10
Are Investors Undervaluing Golar LNG Limited (NASDAQ:GLNG) By 38%?

Are Investors Undervaluing Golar LNG Limited (NASDAQ:GLNG) By 38%?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Golar LNG Limited...

Shareholder Returns

GLNGUS Oil and GasUS Market
7D-0.1%0.6%2.6%
1Y63.1%85.8%31.1%

Return vs Industry: GLNG underperformed the US Oil and Gas industry which returned 85.8% over the past year.

Return vs Market: GLNG exceeded the US Market which returned 31.1% over the past year.

Price Volatility

Is GLNG's price volatile compared to industry and market?
GLNG volatility
GLNG Beta0.83
Industry Beta1.74
Market Beta1

Stable Share Price: GLNG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GLNG's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19461,703Karl Staubohttps://www.golarlng.com

Golar LNG Limited provides infrastructure for the liquefaction, transportation, and regasification of LNG. It operates through Shipping, FLNG, and Power segments. The company engages in the acquisition, ownership, operation, and chartering of LNG carriers, Floating Liquefaction Natural Gas Vessel (FLNG), and floating storage regasification units (FSRUs), as well as operates external vessels.

Golar LNG Fundamentals Summary

How do Golar LNG's earnings and revenue compare to its market cap?
GLNG fundamental statistics
Market CapUS$1.46b
Earnings (TTM)-US$262.08m
Revenue (TTM)US$443.95m

3.3x

P/S Ratio

-5.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GLNG income statement (TTM)
RevenueUS$443.95m
Cost of RevenueUS$137.43m
Gross ProfitUS$306.53m
ExpensesUS$568.61m
Earnings-US$262.08m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.42
Gross Margin69.04%
Net Profit Margin-59.03%
Debt/Equity Ratio45.1%

How did GLNG perform over the long term?

See historical performance and comparison

Valuation

Is Golar LNG undervalued compared to its fair value and its price relative to the market?

40.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GLNG ($13.52) is trading below our estimate of fair value ($22.8)

Significantly Below Fair Value: GLNG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GLNG is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: GLNG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GLNG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLNG is good value based on its PB Ratio (0.8x) compared to the US Oil and Gas industry average (2x).


Future Growth

How is Golar LNG forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-59.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLNG's earnings are forecast to decline over the next 3 years (-59.6% per year).

Earnings vs Market: GLNG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GLNG's is expected to become profitable in the next 3 years.

Revenue vs Market: GLNG's revenue (14.4% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: GLNG's revenue (14.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GLNG's Return on Equity is forecast to be low in 3 years time (5.4%).


Past Performance

How has Golar LNG performed over the past 5 years?

-1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLNG is currently unprofitable.

Growing Profit Margin: GLNG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GLNG is unprofitable, and losses have increased over the past 5 years at a rate of 1.6% per year.

Accelerating Growth: Unable to compare GLNG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GLNG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18.6%).


Return on Equity

High ROE: GLNG has a negative Return on Equity (-5.78%), as it is currently unprofitable.


Financial Health

How is Golar LNG's financial position?


Financial Position Analysis

Short Term Liabilities: GLNG's short term assets ($961.2M) do not cover its short term liabilities ($1.6B).

Long Term Liabilities: GLNG's short term assets ($961.2M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: GLNG's debt to equity ratio (45.1%) is considered high.

Reducing Debt: GLNG's debt to equity ratio has reduced from 102.9% to 45.1% over the past 5 years.


Balance Sheet


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: GLNG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GLNG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Golar LNG current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GLNG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GLNG'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 GLNG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GLNG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GLNG is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GLNG's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Karl Staubo (34 yo)

0.42

Tenure

Mr. Karl Fredrik Staubo serves as the Chief Executive Officer at Golar LNG Limited since May 13, 2021. He had been the Chief Financial Officer at Golar LNG Limited since November 28, 2020 until May 13, 202...


Leadership Team

Experienced Management: GLNG's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: GLNG's board of directors are considered experienced (5.7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.5%.


Top Shareholders

Company Information

Golar LNG Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Golar LNG Limited
  • Ticker: GLNG
  • Exchange: NasdaqGS
  • Founded: 1946
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$1.463b
  • Shares outstanding: 108.20m
  • Website: https://www.golarlng.com

Number of Employees


Location

  • Golar LNG Limited
  • S.E. Pearman Building
  • 2nd Floor
  • Hamilton
  • HM 11
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 23:01
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.