(FLNG) FLEX LNG - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 1.729m USD | Total Return: 53.9% in 12m
Avg Turnover: 13.4M
EPS Trend: -97.8%
Qual. Beats: -3
Rev. Trend: -95.5%
Qual. Beats: 0
Warnings
High Debt/EBITDA (10.4) with thin interest coverage (1.8)
Altman Z'' 0.84 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader, Confidence
FLEX LNG Ltd. is a Bermuda-based marine transportation company specializing in the global seaborne transit of liquefied natural gas (LNG). As of late 2025, the firm manages a fleet of 13 modern LNG carriers. The company’s business model focuses on securing long-term charter contracts with international energy majors and commodity traders to ensure stable cash flows.
The LNG shipping sector is characterized by high capital intensity and a reliance on specialized vessels equipped with cryogenic cooling systems to maintain gas in liquid form at -162°C. Demand in this industry is primarily driven by the global transition toward cleaner-burning fossil fuels and regional energy security requirements. For a deeper look at the companys valuation metrics and historical performance, consider reviewing the detailed data available on ValueRay.
- Long-term charter coverage provides predictable cash flow and high dividend stability
- Global LNG demand growth fluctuates based on European and Asian energy security
- Rechartering rates for expiring contracts impact future revenue and earnings potential
- Floating interest rate exposure on debt affects net profit margins and distributions
- New vessel supply in the global market influences spot rate volatility for carriers
| Net Income: 75.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -3.18 > 1.0 |
| NWC/Revenue: 87.47% < 20% (prev 82.97%; Δ 4.50% < -1%) |
| CFO/TA 0.04 > 3% & CFO 102.9m > Net Income 75.6m |
| Net Debt (2.47b) to EBITDA (238.2m): 10.37 < 3 |
| Current Ratio: 2.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (54.1m) vs 12m ago -0.00% < -2% |
| Gross Margin: 50.27% > 18% (prev 0.57%; Δ 4.97k% > 0.5%) |
| Asset Turnover: 13.03% > 50% (prev 13.49%; Δ -0.46% > 0%) |
| Interest Coverage Ratio: 1.78 > 6 (EBITDA TTM 238.2m / Interest Expense TTM 90.6m) |
| A: 0.11 (Total Current Assets 469.5m - Total Current Liabilities 172.4m) / Total Assets 2.58b |
| B: -0.07 (Retained Earnings -183.2m / Total Assets 2.58b) |
| C: 0.06 (EBIT TTM 160.9m / Avg Total Assets 2.61b) |
| D: -0.10 (Book Value of Equity -182.6m / Total Liabilities 1.89b) |
| Altman-Z'' = 0.84 = B |
| DSRI: 0.17 (Receivables 653k/4.03m, Revenue 339.7m/354.6m) |
| GMI: 1.14 (GM 50.27% / 57.23%) |
| AQI: 0.80 (AQ_t 0.01 / AQ_t-1 0.01) |
| SGI: 0.96 (Revenue 339.7m / 354.6m) |
| TATA: -0.01 (NI 75.6m - CFO 102.9m) / TA 2.58b) |
| Beneish M = -3.74 (Cap -4..+1) = AAA |
As of May 26, 2026, the stock is trading at USD 31.96 with a total of 424,300 shares traded.
Over the past week, the price has changed by -0.53%,
over one month by +1.72%,
over three months by +20.27% and
over the past year by +53.90%.
FLEX LNG has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold FLNG.
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 24.9 | -22% |
P/E Trailing = 22.9928
P/E Forward = 13.7174
P/S = 5.0898
P/B = 2.4761
Revenue TTM = 339.7m USD
EBIT TTM = 160.9m USD
EBITDA TTM = 238.2m USD
Long Term Debt = 733.4m USD (from longTermDebt, last quarter)
Short Term Debt = 110.2m USD (from shortTermDebt, last quarter)
Debt = 2.86b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.04b
Net Debt = 2.47b USD (calculated: Debt 2.86b - CCE 389.1m)
Enterprise Value = 4.20b USD (1.73b + Debt 2.86b - CCE 389.1m)
Interest Coverage Ratio = 1.78 (Ebit TTM 160.9m / Interest Expense TTM 90.6m)
EV/FCF = 40.82x (Enterprise Value 4.20b / FCF TTM 102.9m)
FCF Yield = 2.45% (FCF TTM 102.9m / Enterprise Value 4.20b)
FCF Margin = 30.28% (FCF TTM 102.9m / Revenue TTM 339.7m)
Net Margin = 22.26% (Net Income TTM 75.6m / Revenue TTM 339.7m)
Gross Margin = 50.27% ((Revenue TTM 339.7m - Cost of Revenue TTM 168.9m) / Revenue TTM)
Gross Margin QoQ = 45.68% (prev 50.61%)
Tobins Q-Ratio = 1.62 (Enterprise Value 4.20b / Total Assets 2.58b)
Interest Expense / Debt = 3.17% (Interest Expense 90.6m / Debt 2.86b)
Taxrate = 0.12% (23.0k / 19.5m)
NOPAT = 160.7m (EBIT 160.9m * (1 - 0.12%))
Current Ratio = 2.72 (Total Current Assets 469.5m / Total Current Liabilities 172.4m)
Debt / Equity = 4.09 (Debt 2.86b / totalStockholderEquity, last quarter 698.2m)
Debt / EBITDA = 10.37 (Net Debt 2.47b / EBITDA 238.2m)
Debt / FCF = 24.01 (Net Debt 2.47b / FCF TTM 102.9m)
Total Stockholder Equity = 729.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.90% (Net Income 75.6m / Total Assets 2.58b)
RoE = 8.28% (Net Income TTM 75.6m / Total Stockholder Equity 912.6m)
RoCE = 9.77% (EBIT 160.9m / Capital Employed (Equity 912.6m + L.T.Debt 733.4m))
RoIC = 6.37% (NOPAT 160.7m / Invested Capital 2.52b)
WACC = 4.34% (E(1.73b)/V(4.59b) * Re(6.28%) + D(2.86b)/V(4.59b) * Rd(3.17%) * (1-Tc(0.00)))
Discount Rate = 6.28% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 0.10%
[DCF] Terminal Value 73.10% ; FCFF base≈137.0m ; Y1≈120.1m ; Y5≈97.0m
[DCF] Fair Price = N/A (negative equity: EV 1.56b - Net Debt 2.47b = -911.9m; debt exceeds intrinsic value)
EPS Correlation: -97.80 | EPS CAGR: -17.52% | SUE: -0.96 | # QB: -3
Revenue Correlation: -95.48 | Revenue CAGR: -3.00% | SUE: 0.40 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.62 | Chg30d=+78.11% | Revisions=N/A | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.60 | Chg30d=+52.74% | Revisions=+33% | Analysts=2
EPS current Year (2026-12-31): EPS=2.13 | Chg30d=+33.96% | Revisions=+43% | GrowthEPS=+14.1% | GrowthRev=+5.3%
EPS next Year (2027-12-31): EPS=2.10 | Chg30d=+6.07% | Revisions=+43% | GrowthEPS=-1.4% | GrowthRev=-1.0%
[Analyst] Revisions Ratio: +43%