FLEX LNG Ltd.

NYSE:FLNG Stock Report

Market Cap: US$1.4b

FLEX LNG Management

Management criteria checks 4/4

FLEX LNG's CEO is Oystein Kalleklev, appointed in Aug 2018, has a tenure of 6.42 years. total yearly compensation is $729.18K, comprised of 48% salary and 52% bonuses, including company stock and options. directly owns 0.093% of the company’s shares, worth $1.29M. The average tenure of the management team and the board of directors is 5.7 years and 5.6 years respectively.

Key information

Oystein Kalleklev

Chief executive officer

US$729.2k

Total compensation

CEO salary percentage48.0%
CEO tenure6.4yrs
CEO ownership0.09%
Management average tenure5.7yrs
Board average tenure5.6yrs

Recent management updates

Recent updates

Flex LNG: Market Gears Turning In Its Favor

Jan 04

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

Dec 21
We Like These Underlying Return On Capital Trends At FLEX LNG (NYSE:FLNG)

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

Dec 03
FLEX LNG (NYSE:FLNG) Has A Somewhat Strained Balance Sheet

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

Nov 22

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

Oct 26
FLEX LNG Ltd.'s (NYSE:FLNG) Prospects Need A Boost To Lift Shares

FLEX LNG: 12% Yield, Tailwinds

Oct 04

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

Sep 09

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

Sep 06
FLEX LNG (NYSE:FLNG) Shareholders Will Want The ROCE Trajectory To Continue

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

Aug 21

FLEX LNG: 11% Yield On LNG Shipping

Jul 14

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

Jul 12
Is FLEX LNG (NYSE:FLNG) A Risky Investment?

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

May 23

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

May 08
FLEX LNG Ltd. (NYSE:FLNG) Could Be Riskier Than It Looks

FLEX LNG: Bet On Resilient Demand For LNG Carriers

Apr 17

FLEX LNG Q4: Bankable Dividend In Turbulent Waters

Mar 13

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

Feb 23
Here's Why FLEX LNG (NYSE:FLNG) Has A Meaningful Debt Burden

FLEX LNG: LNG Terminal Pause Adds Some Risk

Feb 09

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

Jan 27
FLEX LNG (NYSE:FLNG) Is Experiencing Growth In Returns On Capital

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

Jan 08
Investors Aren't Entirely Convinced By FLEX LNG Ltd.'s (NYSE:FLNG) Earnings

FLEX LNG: Consistency Is Key

Dec 12

FLEX LNG: 10% Yield, Special Dividend Declared

Nov 24

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

Nov 07
Is There An Opportunity With FLEX LNG Ltd.'s (NYSE:FLNG) 25% Undervaluation?

FLEX LNG: Lower Spot Freight Rates Weigh On Share Price

Oct 10

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

Oct 03
Not Many Are Piling Into FLEX LNG Ltd. (NYSE:FLNG) Just Yet

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

Sep 27

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

Sep 05
FLEX LNG (NYSE:FLNG) Is Doing The Right Things To Multiply Its Share Price

FLEX LNG: 10% Yield, Industry Tailwinds

Aug 20

FLEX LNG: A Promising LNG Shipper

Jun 20

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

Jun 16
FLEX LNG Ltd. (NYSE:FLNG) Shares Could Be 24% Above Their Intrinsic Value Estimate

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

CEO Compensation Analysis

How has Oystein Kalleklev's remuneration changed compared to FLEX LNG's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$92m

Jun 30 2024n/an/a

US$120m

Mar 31 2024n/an/a

US$137m

Dec 31 2023US$729kUS$350k

US$120m

Sep 30 2023n/an/a

US$142m

Jun 30 2023n/an/a

US$144m

Mar 31 2023n/an/a

US$149m

Dec 31 2022US$741kUS$391k

US$188m

Sep 30 2022n/an/a

US$216m

Jun 30 2022n/an/a

US$202m

Mar 31 2022n/an/a

US$171m

Dec 31 2021US$961kUS$409k

US$162m

Compensation vs Market: Oystein's total compensation ($USD729.18K) is below average for companies of similar size in the US market ($USD5.35M).

Compensation vs Earnings: Oystein's compensation has been consistent with company performance over the past year.

CEO

Oystein Kalleklev (44 yo)

6.4yrs

Tenure

US$729,175

Compensation

Mr. Oystein M. Kalleklev is Chief Executive Officer and Principal Executive Officer of Flex LNG Management and FLEX LNG Ltd since August 2018. He serves as Chief Financial Officer since October 2, 2017 unt...

Leadership Team

NamePositionTenureCompensationOwnership
Oystein Kalleklev
Principal Executive Officer6.4yrsUS$729.18k0.093%
$ 1.3m
Knut Traaholt
Principal Financial Officerno dataUS$403.35kno data
Jannicke Eilertsen
Compliance Officer5yrsno datano data
H. Foss
Chief Commercial Officer of Flex LNG Management AS6.4yrsno datano data
Lars Pedersen
Chief Technical Officer of Frontline Management & MD of Flex Fleet Managementno datano datano data
Naren Senaratne
Chief Accounting Officer of Flex LNG Management Ltdless than a yearno datano data
James Ayers
Company Secretaryno datano datano data

5.7yrs

Average Tenure

44yo

Average Age

Experienced Management: FLNG's management team is seasoned and experienced (5.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Ola Lorentzon
Independent Chairman7.6yrsUS$50.00k0.0059%
$ 82.1k
Steen Jakobsen
Director3.8yrsUS$40.00kno data
Nikolai Grigoriev
Independent Director7.3yrsUS$50.00k0.045%
$ 631.7k
Susan Sakmar
Director2.3yrsUS$50.00k0.019%
$ 267.5k

5.6yrs

Average Tenure

58.5yo

Average Age

Experienced Board: FLNG's board of directors are considered experienced (5.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 06:46
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kristoffer IdenArctic Securities ASA
Gregory LewisBTIG
Marius FurulyCarnegie Investment Bank AB