FLEX LNG Ltd.

NYSE:FLNG Stock Report

Market Cap: US$1.4b

FLEX LNG Valuation

Is FLNG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FLNG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FLNG ($26.15) is trading below our estimate of fair value ($58.61)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FLNG?

Key metric: As FLNG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FLNG. This is calculated by dividing FLNG's market cap by their current earnings.
What is FLNG's PE Ratio?
PE Ratio15.5x
EarningsUS$91.86m
Market CapUS$1.42b

Price to Earnings Ratio vs Peers

How does FLNG's PE Ratio compare to its peers?

The above table shows the PE ratio for FLNG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.8x
GLP Global Partners
15.7x-12.7%US$1.8b
SFL SFL
10.2x-20.0%US$1.5b
NVGS Navigator Holdings
13.5x17.2%US$1.1b
DKL Delek Logistics Partners
15.7x19.1%US$2.1b
FLNG FLEX LNG
15.4x17.1%US$1.4b

Price-To-Earnings vs Peers: FLNG is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the peer average (13.8x).

Price to Earnings Ratio vs Industry

How does FLNG's PE Ratio compare vs other companies in the US Oil and Gas Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
EVVA.Q Enviva
n/an/aUS$14.97k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
FLNG 15.5xIndustry Avg. 11.6xNo. of Companies18PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FLNG is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the US Oil and Gas industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is FLNG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FLNG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ratio11.5x

Price-To-Earnings vs Fair Ratio: FLNG is expensive based on its Price-To-Earnings Ratio (15.4x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FLNG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$26.15
US$27.00
+3.3%
11.1%US$30.00US$24.00n/a2
Nov ’25US$24.24
US$27.00
+11.4%
11.1%US$30.00US$24.00n/a2
Oct ’25US$25.54
US$27.00
+5.7%
11.1%US$30.00US$24.00n/a2
Sep ’25US$26.66
US$27.00
+1.3%
11.1%US$30.00US$24.00n/a2
Aug ’25US$26.53
US$26.50
-0.1%
13.2%US$30.00US$23.00n/a2
Jul ’25US$26.99
US$27.50
+1.9%
9.1%US$30.00US$25.00n/a2
Jun ’25US$28.74
US$27.50
-4.3%
9.1%US$30.00US$25.00n/a2
Feb ’25US$29.92
US$33.00
+10.3%
3.0%US$34.00US$32.00n/a2
Jan ’25US$29.06
US$33.00
+13.6%
3.0%US$34.00US$32.00n/a2
Dec ’24US$29.32
US$33.00
+12.6%
3.0%US$34.00US$32.00n/a2
Nov ’24US$30.76
US$33.00
+7.3%
3.0%US$34.00US$32.00US$24.242
Oct ’24US$30.16
US$33.00
+9.4%
3.0%US$34.00US$32.00US$25.542
Sep ’24US$30.70
US$33.00
+7.5%
3.0%US$34.00US$32.00US$26.662
Jun ’24US$30.17
US$34.00
+12.7%
5.9%US$36.00US$32.00US$28.742
May ’24US$34.08
US$34.00
-0.2%
5.9%US$36.00US$32.00US$26.092
Apr ’24US$33.58
US$34.00
+1.3%
5.9%US$36.00US$32.00US$25.682
Mar ’24US$34.59
US$34.00
-1.7%
5.9%US$36.00US$32.00US$25.412
Feb ’24US$31.54
US$34.00
+7.8%
5.9%US$36.00US$32.00US$29.922
Jan ’24US$32.69
US$34.00
+4.0%
5.9%US$36.00US$32.00US$29.062
Dec ’23US$37.20
US$34.00
-8.6%
5.9%US$36.00US$32.00US$29.322
Nov ’23US$31.85
US$34.00
+6.8%
5.9%US$36.00US$32.00US$30.762

Analyst Forecast: Target price is less than 20% higher than the current share price.

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