Financials FLEX LNG Ltd. Oslo Bors

Equities

FLNG

BMG359472021

Oil & Gas Transportation Services

Market Closed - Oslo Bors 10:45:00 2024-05-03 am EDT 5-day change 1st Jan Change
286.4 NOK -2.19% Intraday chart for FLEX LNG Ltd. -1.17% -4.02%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 589.7 471.7 1,248 1,741 1,562 1,433 - -
Enterprise Value (EV) 1 1,242 1,744 2,681 3,124 2,963 2,791 2,757 2,709
P/E ratio - - - - - - - -
Yield - - - - 10.8% 11.3% 11.3% -
Capitalization / Revenue 4.92 x 2.87 x 3.63 x 5.01 x 4.21 x 3.87 x 3.9 x 3.82 x
EV / Revenue 10.4 x 10.6 x 7.81 x 8.98 x 7.99 x 7.55 x 7.51 x 7.23 x
EV / EBITDA 14.8 x 14.9 x 9.9 x 11.5 x 10.2 x 9.68 x 9.59 x 9.12 x
EV / FCF -5.17 x -2.9 x -52.5 x 14.2 x 16.9 x 13.2 x 13.8 x 12 x
FCF Yield -19.3% -34.5% -1.91% 7.04% 5.91% 7.58% 7.23% 8.36%
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 54,111 53,908 53,131 53,272 53,736 53,866 - -
Reference price 2 10.90 8.750 23.49 32.69 29.06 26.60 26.60 26.60
Announcement Date 2/26/20 2/17/21 2/16/22 2/14/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 120 164.5 343.4 347.9 371 369.9 367.1 374.8
EBITDA 1 83.93 117.4 270.8 272.3 289.6 288.5 287.5 297.1
EBIT 1 55.01 75.62 201.2 200.6 217.2 216.2 214.1 221
Operating Margin 45.85% 45.98% 58.57% 57.66% 58.53% 58.46% 58.32% 58.98%
Earnings before Tax (EBT) 1 17.15 8.189 162.3 188.1 120.1 140.8 138.9 145.7
Net income 1 17.04 8.105 162.2 188 120 139.9 142.1 154
Net margin 14.21% 4.93% 47.23% 54.05% 32.35% 37.81% 38.72% 41.09%
EPS - - - - - - - -
Free Cash Flow 1 -240 -602.1 -51.09 219.9 175 211.5 199.5 226.5
FCF margin -200.08% -366.09% -14.88% 63.2% 47.18% 57.18% 54.35% 60.43%
FCF Conversion (EBITDA) - - - 80.74% 60.43% 73.31% 69.4% 76.23%
FCF Conversion (Net income) - - - 116.93% 145.81% 151.22% 140.35% 147.08%
Dividend per Share 2 - - - - 3.125 3.000 3.000 -
Announcement Date 2/26/20 2/17/21 2/16/22 2/14/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 81.8 114.6 74.57 84.16 91.3 97.93 92.48 86.7 94.6 97.23 90.3 87.25 92.6 96.72 90.75
EBITDA 1 64.5 95.52 56.26 66.1 70.9 79.08 72.49 66.2 74.7 76.22 70.71 67.64 73.04 77.56 70.82
EBIT 1 46.38 77.28 38.36 48.45 52.8 61.01 55.01 48.22 56.2 57.72 52.15 49.35 53.85 57.98 52.15
Operating Margin 56.69% 67.44% 51.44% 57.57% 57.83% 62.3% 59.49% 55.62% 59.41% 59.37% 57.75% 56.56% 58.15% 59.94% 57.47%
Earnings before Tax (EBT) 1 32.8 69.5 55.78 44.27 46.61 41.48 16.57 39.02 45.13 19.4 31.67 28.33 34.33 40 35
Net income 1 32.8 69.43 55.76 44.26 46.6 41.43 16.53 39 45.1 19.39 31.67 28.33 34.33 40 35
Net margin 40.1% 60.59% 74.78% 52.59% 51.04% 42.31% 17.88% 44.98% 47.67% 19.94% 35.07% 32.47% 37.08% 41.35% 38.57%
EPS - - - 0.8300 0.8800 - - - - - - - - - -
Dividend per Share - - - 0.7500 0.7500 - - 0.7500 0.7500 0.7500 - - - - -
Announcement Date 11/16/21 2/16/22 5/11/22 8/24/22 11/15/22 2/14/23 5/16/23 8/16/23 11/8/23 2/7/24 - - - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 652 1,273 1,433 1,382 1,402 1,359 1,325 1,276
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.77 x 10.84 x 5.29 x 5.076 x 4.839 x 4.709 x 4.608 x 4.294 x
Free Cash Flow 1 -240 -602 -51.1 220 175 212 200 227
ROE (net income / shareholders' equity) 2.04% 0.97% 18.8% 20.9% 13.7% 16.8% 17.4% 19.1%
ROA (Net income/ Total Assets) 1.16% 0.41% 6.7% - 4.46% 5.5% 5.6% 6.7%
Assets 1 1,474 1,972 2,421 - 2,691 2,543 2,538 2,299
Book Value Per Share - - - - - - - -
Cash Flow per Share 2 - - - 4.130 - 3.500 - -
Capex 1 292 691 266 0.01 0 8.67 16.3 10.3
Capex / Sales 243.03% 420.39% 77.43% 0% 0% 2.34% 4.45% 2.76%
Announcement Date 2/26/20 2/17/21 2/16/22 2/14/23 2/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
2
Last Close Price
26.6 USD
Average target price
23 USD
Spread / Average Target
-13.53%
Consensus

Quarterly revenue - Rate of surprise