NasdaqGS:GLNG

Stock Analysis Report

Executive Summary

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG.

Snowflake

Fundamentals

Overvalued with weak fundamentals.


Similar Companies

Share Price & News

How has Golar LNG's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.1%

GLNG

-1.8%

US Oil and Gas

0.4%

US Market


1 Year Return

-47.4%

GLNG

-21.8%

US Oil and Gas

6.9%

US Market

Return vs Industry: GLNG underperformed the US Oil and Gas industry which returned -21.8% over the past year.

Return vs Market: GLNG underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

GLNGIndustryMarket
7 Day-2.1%-1.8%0.4%
30 Day10.1%-6.6%-1.2%
90 Day-17.4%-9.2%-0.4%
1 Year-46.3%-47.4%-18.9%-21.8%9.3%6.9%
3 Year-38.0%-40.4%-8.3%-16.5%45.8%36.4%
5 Year-70.5%-73.8%-24.8%-35.3%62.9%45.1%

Price Volatility Vs. Market

How volatile is Golar LNG's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.89x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: GLNG ($14.3) is trading above our estimate of fair value ($2.66)

Significantly Undervalued: GLNG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GLNG is unprofitable, so we can't compare its PE Ratio to the 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

Low 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 (0.9x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Golar LNG forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

92.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GLNG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GLNG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GLNG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GLNG's revenue (4.7% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: GLNG's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: GLNG's Return on Equity is forecast to be low in 3 years time (5.2%).


Next Steps

Past Performance

How has Golar LNG performed over the past 5 years?

-19.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GLNG is unprofitable, and losses have increased over the past 5 years at a rate of -19.2% 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 (22.6%).


Return on Equity

High ROE: GLNG has a negative Return on Equity (-18.11%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GLNG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GLNG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Golar LNG's financial position?


Financial Position Analysis

Short Term Liabilities: GLNG's short term assets ($454.4M) do not cover its short term liabilities ($1.1B)

Long Term Liabilities: GLNG's short term assets (454.4M) do not cover its long term liabilities (1.8B)


Debt to Equity History and Analysis

Debt Level: GLNG's debt to equity ratio (140.2%) is considered high

Reducing Debt: GLNG's debt to equity ratio has increased from 32.4% to 140.2% over the past 5 years.

Debt Coverage: GLNG's debt is not well covered by operating cash flow (3.2%).

Interest Coverage: GLNG is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: GLNG has a high level of physical assets or inventory.

Debt Coverage by Assets: GLNG's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

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

3.64%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years3.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of Golar LNG's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Graham Robjohns (54yo)

0yrs

Tenure

0

Mr. Graham Robjohns has been Chief Financial Officer of Golar Management Ltd. since March 19, 2018 and serves as its Chief Executive Officer since October 1, 2019 and served as its Deputy Chief Executive O ...


Management Age and Tenure

3.4yrs

Average Tenure

54yo

Average Age

Experienced Management: GLNG's management team is considered experienced (3.4 years average tenure).


Board Age and Tenure

3.9yrs

Average Tenure

56yo

Average Age

Experienced Board: GLNG's board of directors are considered experienced (3.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Graham Robjohns (54yo)

    CEO & CFO

    • Tenure: 0yrs
  • Doug Arnell (53yo)

    Senior Advisor

    • Tenure: 3.4yrs
  • Øistein Dahl (58yo)

    Chief Operating Officer of Golar Management Ltd.

    • Tenure: 7.5yrs
  • Stuart Buchanan

    Head of Investor Relations

    • Tenure: 0yrs
  • Olve Skjeggedal

    Chief Technical Officer of Golar Management Ltd

    • Tenure: 0.8yrs

Board Members

  • Tor Trøim (56yo)

    Chairman of the Board

    • Tenure: 2.1yrs
  • Georgina Sousa (68yo)

    Company Secretary & Director

    • Tenure: 0yrs
  • Niels Stolt-Nielsen (54yo)

    Director

    • Tenure: 4.1yrs
  • Dan Rabun (64yo)

    Independent Director

    • Tenure: 4.7yrs
  • Carl Steen (68yo)

    Independent Director

    • Tenure: 4.8yrs
  • Thorleif Egeli (55yo)

    Director

    • Tenure: 1.1yrs
  • Lori Naess (48yo)

    Independent Director

    • Tenure: 3.7yrs

Company Information

Golar LNG Limited's company bio, 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$1.406b
  • Shares outstanding: 98.30m
  • Website: https://www.golarlng.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLNGNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDJun 2001
GOLOTCNO (Norway OTC)YesCommon SharesNONOKJun 2001
G2ODB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2001
0HDYLSE (London Stock Exchange)YesCommon SharesGBUSDJun 2001
GLNG NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJun 2001

Biography

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. It operates through three segments: Vessel operations, Floating L ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:44
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.