FLEX LNG Future Growth

Future criteria checks 2/6

FLEX LNG is forecast to grow earnings and revenue by 17.1% and 2.4% per annum respectively. EPS is expected to grow by 11.2% per annum. Return on equity is forecast to be 18.3% in 3 years.

Key information

17.1%

Earnings growth rate

11.2%

EPS growth rate

Oil and Gas earnings growth	8.4%
Revenue growth rate	2.4%
Future return on equity	18.3%
Analyst coverage	Low
Last updated	02 Dec 2024

Recent future growth updates

Recent updates

We Like These Underlying Return On Capital Trends At FLEX LNG (NYSE:FLNG)

Dec 21

FLEX LNG (NYSE:FLNG) Has A Somewhat Strained Balance Sheet

Dec 03

FLEX LNG: When A New Fleet And Appealing Yields Are Not Enough, Rating Downgrade

Nov 22

FLEX LNG Ltd. (NYSE:FLNG) Shares Could Be 24% Above Their Intrinsic Value Estimate

Jun 16

FLEX LNG: 9% Yield, Strong Q1 Earnings, Tailwinds

May 26

Flex LNG Q4 2022 Earnings Preview

Feb 13

FLEX LNG: A High Yield Floating Pipeline

Feb 01

Flex LNG Q3 2022 Earnings Preview

Nov 14

FLEX LNG: Energy Crisis Likely Not Fully Baked In

Sep 22

Flex LNG reports Q2 earnings miss; sees Q3 revenue of ~$90M below estimates

Aug 24

Flex LNG: 10% Yield, Benefits From Supply Chain Disruption, 54-Year Contract Backlog

Jun 26

Shipping And Oil Sector Selloffs? Buy Flex LNG

Jun 09

Flex LNG: An 11% Yield To Sail Through Rough Markets

May 16

Earnings and Revenue Growth Forecasts

NYSE:FLNG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	374	139	216	214	4
12/31/2025	361	117	185	196	5
12/31/2024	355	103	178	181	5
9/30/2024	363	92	185	185	N/A
6/30/2024	367	120	183	183	N/A
3/31/2024	369	137	176	176	N/A
12/31/2023	371	120	175	175	N/A
9/30/2023	372	142	174	174	N/A
6/30/2023	368	144	200	200	N/A
3/31/2023	366	149	211	211	N/A
12/31/2022	348	188	220	220	N/A
9/30/2022	365	216	246	246	N/A
6/30/2022	355	202	218	218	N/A
3/31/2022	337	171	84	213	N/A
12/31/2021	343	162	-51	215	N/A
9/30/2021	296	119	-338	187	N/A
6/30/2021	248	90	-795	163	N/A
3/31/2021	208	70	-709	119	N/A
12/31/2020	164	8	-602	89	N/A
9/30/2020	149	6	-357	75	N/A
6/30/2020	146	3	-82	64	N/A
3/31/2020	139	6	-222	69	N/A
12/31/2019	120	17	-240	52	N/A
9/30/2019	104	8	-528	38	N/A
6/30/2019	93	9	-431	35	N/A
3/31/2019	81	10	-471	33	N/A
12/31/2018	77	12	-549	36	N/A
9/30/2018	49	-2	-300	11	N/A
6/30/2018	40	-7	N/A	1	N/A
3/31/2018	41	-11	N/A	-14	N/A
12/31/2017	27	-10	N/A	-18	N/A
9/30/2017	19	-12	N/A	-17	N/A
6/30/2017	10	-8	N/A	-12	N/A
3/31/2017	2	-2	N/A	-6	N/A
12/31/2016	N/A	-2	N/A	-1	N/A
9/30/2016	N/A	-2	N/A	-1	N/A
6/30/2016	N/A	-2	N/A	-2	N/A
3/31/2016	N/A	-2	N/A	-2	N/A
12/31/2015	N/A	-2	N/A	-3	N/A
9/30/2015	N/A	-3	N/A	-2	N/A
6/30/2015	N/A	-3	N/A	-2	N/A
3/31/2015	N/A	-3	N/A	-2	N/A
12/31/2014	N/A	-3	N/A	-1	N/A
9/30/2014	N/A	-2	N/A	-2	N/A
6/30/2014	N/A	207	N/A	-3	N/A
3/31/2014	N/A	206	N/A	-3	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLNG's forecast earnings growth (17.1% per year) is above the savings rate (2.6%).

Earnings vs Market: FLNG's earnings (17.1% per year) are forecast to grow faster than the US market (15.2% per year).

High Growth Earnings: FLNG's earnings are forecast to grow, but not significantly.

Revenue vs Market: FLNG's revenue (2.4% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: FLNG's revenue (2.4% per year) is forecast to grow slower 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 (18.3%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 02:52
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

FLEX LNG Ltd. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kristoffer Iden	Arctic Securities ASA
Gregory Lewis	BTIG
Marius Furuly	Carnegie Investment Bank AB

FLEX LNG Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%

FLEX LNG Ltd. Provides Revenue Guidance for the Third Quarter and Second Half of 2024

Flex Lng Ltd. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Price target decreased by 8.3% to US$33.00

Price target increased to US$34.00

FLEX LNG Ltd. Provides Financial Guidance for the Third and Fourth Quarter and Second Half of 2022

Recent updates

We Like These Underlying Return On Capital Trends At FLEX LNG (NYSE:FLNG)

FLEX LNG (NYSE:FLNG) Has A Somewhat Strained Balance Sheet

FLEX LNG: When A New Fleet And Appealing Yields Are Not Enough, Rating Downgrade

Consensus EPS estimates fall by 13%

Third quarter dividend of US$0.75 announced

Third quarter 2024 earnings: EPS misses analyst expectations

FLEX LNG Ltd. Declares Cash Distribution for the Third Quarter 2024, Payable on or About December 11, 2024 and December 16, 2024

FLEX LNG Ltd.'s (NYSE:FLNG) Prospects Need A Boost To Lift Shares

FLEX LNG: 12% Yield, Tailwinds

Principal Executive Officer exercised options and sold US$2.0m worth of stock

FLEX LNG: A Bond-Like 11.9% Yield To Lock Before Rate Cuts

FLEX LNG (NYSE:FLNG) Shareholders Will Want The ROCE Trajectory To Continue

Flex LNG: Trade The Yield, Don't Marry It

Second quarter dividend of US$0.75 announced

Second quarter 2024 earnings released: EPS: US$0.41 (vs US$0.73 in 2Q 2023)

FLEX LNG Ltd. Provides Revenue Guidance for the Third Quarter and Second Half of 2024

FLEX LNG Ltd. to Report Q2, 2024 Results on Aug 14, 2024

FLEX LNG: 11% Yield On LNG Shipping

Is FLEX LNG (NYSE:FLNG) A Risky Investment?

First quarter dividend of US$0.75 announced

First quarter 2024 earnings released: EPS: US$0.62 (vs US$0.31 in 1Q 2023)

FLEX LNG Ltd. Declares Dividend for the First Quarter of 2024. for NYSE and OSE Shareholders, Payable on or About June 21, 2024 and on or About June 26, 2024 Respectively

FLEX LNG: Steady Amid Market Uncertainty, But Not A Buy

FLEX LNG Ltd. (NYSE:FLNG) Could Be Riskier Than It Looks

FLEX LNG Ltd. Appoints Ola Lorentzon as the New Chairman of the Board

FLEX LNG: Bet On Resilient Demand For LNG Carriers

FLEX LNG Q4: Bankable Dividend In Turbulent Waters

Here's Why FLEX LNG (NYSE:FLNG) Has A Meaningful Debt Burden

Upcoming dividend of US$0.75 per share at 12% yield

Fourth quarter dividend of US$0.75 announced

FLEX LNG: LNG Terminal Pause Adds Some Risk

Full year 2023 earnings released: EPS: US$2.24 (vs US$3.54 in FY 2022)

New major risk - Revenue and earnings growth

Flex LNG Ltd. Declares Dividend for the Fourth Quarter of 2023, Payable On or About March 5, 2024

FLEX LNG (NYSE:FLNG) Is Experiencing Growth In Returns On Capital

FLEX LNG Ltd. to Report Q4, 2023 Results on Feb 07, 2024

Investors Aren't Entirely Convinced By FLEX LNG Ltd.'s (NYSE:FLNG) Earnings

FLEX LNG: Consistency Is Key

FLEX LNG: 10% Yield, Special Dividend Declared

Upcoming dividend of US$0.88 per share at 9.5% yield

Third quarter 2023 earnings released: EPS: US$0.84 (vs US$0.88 in 3Q 2022)

Flex Lng Ltd. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

FLEX LNG Ltd. Announces Cash Dividend for the Third Quarter of 2023, Payable on or About December 5, 2023

Is There An Opportunity With FLEX LNG Ltd.'s (NYSE:FLNG) 25% Undervaluation?

FLEX LNG: Lower Spot Freight Rates Weigh On Share Price

Not Many Are Piling Into FLEX LNG Ltd. (NYSE:FLNG) Just Yet

FLEX LNG: Upgrading To 'Buy' As Vessel Values Increase

FLEX LNG (NYSE:FLNG) Is Doing The Right Things To Multiply Its Share Price

Upcoming dividend of US$0.75 per share at 9.6% yield

FLEX LNG: 10% Yield, Industry Tailwinds

Flex LNG Announces Dividend for the Second Quarter of 2023, on or About September 5, 2023

New minor risk - Profit margin trend

Price target decreased by 8.3% to US$33.00

New major risk - Revenue and earnings growth

FLEX LNG: A Promising LNG Shipper

FLEX LNG Ltd. (NYSE:FLNG) Shares Could Be 24% Above Their Intrinsic Value Estimate

FLEX LNG: 9% Yield, Strong Q1 Earnings, Tailwinds

Upcoming dividend of US$0.75 per share at 9.6% yield

First quarter 2023 earnings released: EPS: US$0.31 (vs US$1.05 in 1Q 2022)

Flex Lng Ltd. Approves Cash Dividend for the First Quarter 2023, Payable on or About June 13, 2023

FLEX LNG Ltd. Declares Special Dividend for the Fourth Quarter of 2022

Full year 2022 earnings released: EPS: US$3.53 (vs US$3.04 in FY 2021)

FLEX LNG Ltd. Approves Cash Dividend for the Fourth Quarter 2022, Payable on or About 7 March 2023

Flex LNG Q4 2022 Earnings Preview

FLEX LNG: A High Yield Floating Pipeline

Now 21% undervalued after recent price drop

FLEX LNG Ltd. to Report Q3, 2023 Results on Nov 30, 2023

Now 20% undervalued

Upcoming dividend of US$0.75 per share