Energy -
Oil & Gas Midstream - NYSE - BM
$ 25.09
-2.64 %
$ 1.35 B
Market Cap
14.85
P/E
1. INTRINSIC VALUE
Balance Sheet
FLEX LNG Ltd.
| Current Assets | 443 M |
| Cash & Short-Term Investments | 410 M |
| Receivables | 19.9 M |
| Other Current Assets | 12.7 M |
| Non-Current Assets | 2.27 B |
| Long-Term Investments | 48.8 M |
| PP&E | 2.22 B |
| Other Non-Current Assets | 0 |
| Current Liabilities | 153 M |
| Accounts Payable | 3.51 M |
| Short-Term Debt | 104 M |
| Other Current Liabilities | 45.9 M |
| Non-Current Liabilities | 1.71 B |
| Long-Term Debt | 1.71 B |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
FLEX LNG Ltd.
| Revenue | 371 M |
| Cost Of Revenue | 143 M |
| Gross Profit | 228 M |
| Operating Expenses | 10.5 M |
| Operating Income | 217 M |
| Other Expenses | 97.1 M |
| Net Income | 120 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
FLEX LNG Ltd.
| Net Income | 120 M |
| Depreciation & Amortization | 73.4 M |
| Capital Expenditures | -2 K |
| Stock-Based Compensation | 1.75 M |
| Change in Working Capital | -19.2 M |
| Others | -22 M |
| Free Cash Flow | 175 M |
Wall Street Analysts Price Targets
FLEX LNG Ltd.
Wall Street analysts predict an average 1-year price target for FLNG of $24.5 , with forecasts ranging from
a
low of
$24 to a high of $25 .
FLNG Lowest Price Target
Wall Street Target
24 USD
-4.34%
FLNG Average Price Target
Wall Street Target
24.5 USD
-2.35%
FLNG Highest Price Target
Wall Street Target
25 USD
-0.36%
4. DIVIDEND
ANALYSIS
2.95%
DIVIDEND YIELD
0.75 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
FLEX LNG Ltd.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|
7. News
Golar Acquires All Outstanding Minority Interests in the FLNG Hilli
Golar LNG Limited ("Golar" or "the Company") is pleased to announce that the company has acquired Seatrium's and Black & Veatch's minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A shares and 10.9% Series B shares. The transaction is equivalent to ~8% of the full FLNG capacity. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. The full economic interest of the increased ownership in FLNG Hilli will be effective from 1st of January 2025.
globenewswire.com
- 3 weeks ago
LNG Shipping Stocks: An Uncertain Future Amid Spot Rate Pressures
The LNG shipping sector faces challenges with declining UPI TCE rates and pressured spot rates, exacerbated by rising gas prices and market uncertainties. Tankers are being diverted to Europe and potentially used for floating storage, which may stabilize or reverse spot rate declines. Key players like Tsakos Energy Navigation and Flex LNG experienced significant losses, while New Fortress Energy and Awilco LNG saw gains, indicating a mixed industry outlook.
seekingalpha.com
- 1 month ago
Flex LNG - Announces 15-year Time Charter for Flex Constellation
HAMILTON, Bermuda , Nov. 29, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed a new Time Charter Agreement ("TC") for Flex Constellation for 15-years. Commencement of the charter will occur during the first or second quarter of 2026 with maturity in 2041.
prnewswire.com
- 1 month ago
Flex LNG - Ex Date Q3 2024
HAMILTON, Bermuda , Nov. 26, 2024 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) traded on Oslo Stock Exchange ("OSE") and registered with Euronext Securities Oslo will trade ex dividend of USD 0.75 per share as of today, November 26, 2024.
prnewswire.com
- 1 month ago
FLEX LNG: Great Company, Abysmal Market
FLEX LNG remains a reliable and shareholder-friendly LNG transportation company, despite market headwinds. The company reported stable earnings in line with guidance, declared its 13th consecutive dividend, and projected a 2024 EBITDA of $272 million, slightly down from $290 million in 2023. The global order book equivalent to 50% of the current fleet and the rise of a shadow fleet threaten asset prices and growth prospects in the LNG transportation sector.
seekingalpha.com
- 1 month ago
FLEX LNG: When A New Fleet And Appealing Yields Are Not Enough, Rating Downgrade
FLEX reported $90.5 million revenue in 3Q24, compared to $94.6 million in 3Q23. On the other hand, QoQ revenue increased by 6.4%. It declared $17.4 million net income and $0.32EPS. FLEX has a 208% Total Debt to Equity. The company reported $289 million cash and $330 million fully undrawn revolving tranches. For 3Q24, FLEX announced a $0.75/share dividend. The LTM yield is 11.85%. The payout ratio is 143%.
seekingalpha.com
- 1 month ago
Interim results for the period ended September 30, 2024
Highlights and subsequent events Final Investment Decision (“FID”) for MK II 3.5mtpa FLNG for delivery within 2027. Received reservation notice for FLNG Hilli under definitive agreements with Pan American Energy (“PAE”) for 20-year FLNG deployment in Argentina.
globenewswire.com
- 2 months ago
Flex LNG - Third Quarter 2024 Earnings Release
HAMILTON, Bermuda , Nov. 12, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the nine months ended September 30, 2024.
prnewswire.com
- 2 months ago
Flex LNG - Key information relating to the cash distribution for the third quarter 2024
HAMILTON, Bermuda , Nov. 12, 2024 /PRNewswire/ -- Key information relating to the cash distribution to be paid by Flex LNG Ltd. ("Company") for the third quarter 2024.
prnewswire.com
- 2 months ago
Flex LNG - Third Quarter 2024 Presentation
HAMILTON, Bermuda , Nov. 12, 2024 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s third quarter 2024 results which will be presented in a live video webcast today at 15:00 CET (09:00 a.m.
prnewswire.com
- 2 months ago
Flex LNG secures Time Charter extension for Flex Courageous and Flex Resolute by up to 10 years from 2029
HAMILTON, Bermuda , Nov. 7, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed with the Charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing Time Charter Agreements ("TC") for the two LNG carriers where the parties have agreed a new firm period from 2029 to 2032 which may be extended by an additional seven years in total until 2039. As communicated by the Company on November 1, 2021, Flex LNG and the Charterer then agreed TCs for the two ships with commencement during the first quarter of 2022 where the firm period was three years for each of the LNG carriers and where the Charterer could extend each ship by two additional two-year periods.
prnewswire.com
- 2 months ago
8. Profile
Summary
FLEX LNG Ltd. FLNG
COUNTRY
BM
INDUSTRY
Oil & Gas Midstream
MARKET CAP
$ 1.35 B
Dividend Yield
2.95%
Description
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.
Contact
Par-La-Ville Place, Hamilton, HM08
https://www.flexlng.com
IPO
Date
June 17, 2019
Employees
10
Officers
Mr. H. Marius Foss
Chief Commercial Officer of Flex LNG Management AS
Mr. James Ayers
Company Secretary
Mr. Oystein M. Kalleklev
Principal Executive Officer
Mr. Knut Traaholt
Principal Financial Officer
Mr. Lars Pedersen
Chief Technical Officer of Frontline Management & MD of Flex Fleet Management
Mr. Naren Senaratne
Chief Accounting Officer of Flex LNG Management Ltd
Ms. Jannicke Eilertsen
Compliance Officer