FLEX LNG Ltd.

FLEX LNG Ltd.

FLNGยทNYSE

$29.72

-2.0%
EnergyOil & Gas Midstream

Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.

At a Glance

Live Snapshot
Market Cap$1.61B
EPS1.3800
P/E Ratio21.54
Earnings Date08/28/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 21.5).

Valuation inputs: P/E 21.5, earnings yield +4.6%, momentum -2.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +10.4%, ROIC +6.8%).

Profitability stack: net margin +21.5%, ROE +10.4%, ROIC +6.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +72.6%, momentum -2.0%, net margin +21.5%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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FLEX LNG Ltd. Market vs Earnings Trajectory

FLNG ยท NYSE

Loading price and EPS data...

FLEX LNG Ltd.

FLEX LNG Ltd. Fair Value Envelope

FLNG ยท NYSE

Our analysis suggests that FLNG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $29.72, this represents a potential HIDDEN relative to our calculated worth for FLEX LNG Ltd..

Intrinsic Value
Current Price: $29.72
3Y-61.0%
5Y+820.0%
10Y-1086.0%
3Y-
5Y+111.0%
10Y-
3Y-60.0%
5Y+823.0%
10Y-4282.0%
3Y-35.0%
5Y+51.0%
10Y-12598.0%
3Y-35.0%
5Y-122.0%
10Y-6007.0%
3Y-2.0%
5Y+14.0%
10Y+1125.0%
FLEX LNG Ltd.

FLEX LNG Ltd. Profit Bridge

FLNG ยท NYSE
Revenue347.64M
Cost of Goods Sold (163.87M)
Gross Profit183.77M
Operating Expenses (7.97M)
Operating Income175.80M
Interest Expense (92.62M)
Other Income/Expense-100.91M
Pretax Income74.90M
Income Tax (82.00K)
Net Income74.81M
Net Income
74.81M

Profitability Analysis

Gross Margin

52.9%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

50.6%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

21.5%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

52.86%
Gross Profit Margin
-9%
3Y-12.0%
5Y+6.0%
10Y-
50.57%
Operating Profit Margin
-9%
3Y-12.0%
5Y+10.0%
10Y-
21.52%
Net Profit Margin
-35%
3Y-60.0%
5Y+337.0%
10Y-
10.40%
Return on Equity
-29%
3Y-50.0%
5Y+972.0%
10Y-1297.0%
2.85%
Return on Assets
-35%
3Y-59.0%
5Y+711.0%
10Y-441.0%
6.84%
Return on Invested Capital
-9%
3Y-11.0%
5Y+107.0%
10Y-1081.0%
FLNG

FLEX LNG Ltd. Cash Conversion Engine

FLNG ยท NYSE
Net Income74.81M
Depreciation & Amortization76.62M
Stock-Based Compensation0.00
Change in Working Capital-14.88M
Others-1.70M
Capital Expenditures0.00
Free Cash Flow134.85M

Cash Flow Quality Analysis

FCF Conversion Rate

180.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

-26.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$14.88M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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FLEX LNG Ltd. Funding & Solvency Profile

FLNG ยท NYSE
Cash & Cash Equivalents389.07M
Net Receivables653.00K
Inventory6.32M
Other Current Assets73.48M
Total Current Assets470 M
Property, Plant & Equipment2.09B
Goodwill & Intangible Assets0.00
Long-Term Investments19.97M
Other Non-Current Assets3.03M
Total Non-Current Assets2 B
Total Assets
2.58B

Financial Health Analysis

Current Ratio

2.72x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

2.70x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

297 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

18% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Mixed signals: Strong short-term liquidity provides comfort, but high overall leverage requires careful monitoring of debt servicing capabilities and refinancing risk.

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FLEX LNG Ltd. Street Expectations Map

FLNG ยท NYSE

Wall Street analysts project that FLNG stock may decline over the coming 12 months. The consensus 1-year price target stands at 25.00, with estimates ranging from a low of 25.00 to a high of 25.00.

Lowest Target
25.00
-15.88%
Consensus Target
25.00
-15.88%
Highest Target
25.00
-15.88%

The consensus 1-year price target stands at 25.00, with estimates ranging from a low of 25.00 to a high of 25.00.

Analyst Consensus Analysis

Upside Potential

-15.9%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

1.00x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.

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FLEX LNG Ltd. Insider Positioning

FLNG ยท NYSE

During the last 12 months, there has been no insider trading activity reported for FLNG.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

2.52%
Dividend Yield
-12%
3Y-15.0%
5Y-25.0%
10Y-
ย 

flng Dividend History

FLNG
10Y CAGR +22%
Latest $0.75
Annual $3.75
5 year growth trend
Last Period: +0%