FLEX LNG Ltd

Company Profile

FLEX LNG Ltd had its IPO on 2019-06-17 under the ticker symbol FLNG.

The company operates in the Energy sector and Oil & Gas Midstream industry. FLEX LNG Ltd has a staff strength of 9 employees.

Stock update

Shares of FLEX LNG Ltd opened at $30.01 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $29.85 - $30.35, and closed at $30.14.

This is a -0.53% slip from the previous day's closing price.

A total volume of 311,151 shares were traded at the close of the day’s session.

In the last one week, shares of FLEX LNG Ltd have slipped by -1.82%.

FLEX LNG Ltd's Key Ratios

FLEX LNG Ltd has a market cap of $1.64 billion, indicating a price to book ratio of 2.0931 and a price to sales ratio of 5.254.

In the last 12-months FLEX LNG Ltd’s revenue was $365.82 million with a gross profit of $281.99 million and an EBITDA of $281.39 million. The EBITDA ratio measures FLEX LNG Ltd's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, FLEX LNG Ltd’s operating margin was 59.39% while its return on assets stood at 5.06% with a return of equity of 16.76%.

In Q1, FLEX LNG Ltd’s quarterly earnings growth was a negative -70.7% while revenue growth was a positive 24%.

FLEX LNG Ltd’s PE and PEG Ratio

Forward PE

12.1212

Trailing PE

10.9603

PEG

Its diluted EPS in the last 12-months stands at $2.77 per share while it has a forward price to earnings multiple of 12.1212 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into FLEX LNG Ltd’s profitability.

FLEX LNG Ltd stock is trading at a EV to sales ratio of 9.0035 and a EV to EBITDA ratio of 9.2496. Its price to sales ratio in the trailing 12-months stood at 5.254.

FLEX LNG Ltd stock pays annual dividends of $3 per share, indicating a yield of 9.88% and a payout ratio of 121.48%.

Balance sheet and cash flow metrics

Total Assets

$2.82 billion

Total Liabilities

$157.82 million

Operating Cash Flow

$0

Capital Expenditure

$4.53 million

Dividend Payout Ratio

121.48%

FLEX LNG Ltd ended 2024 with $2.82 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.82 billion while shareholder equity stood at $870.63 million.

FLEX LNG Ltd ended 2024 with $0 in deferred long-term liabilities, $157.82 million in other current liabilities, 5452000.00 in common stock, $-330838000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $474.95 million and cash and short-term investments were $474.95 million. The company’s total short-term debt was $101,959,000 while long-term debt stood at $1.79 billion.

FLEX LNG Ltd’s total current assets stands at $510.20 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $16.13 million compared to accounts payable of $4.24 million and inventory worth $5.18 million.

In 2024, FLEX LNG Ltd's operating cash flow was $0 while its capital expenditure stood at $4.53 million.

Comparatively, FLEX LNG Ltd paid $1.21 in dividends in 2024.

Other key metrics

Current Trading Price

$30.14

52-Week High

$36.2235

52-Week Low

$20.7823

Analyst Target Price

$

FLEX LNG Ltd stock is currently trading at $30.14 per share. It touched a 52-week high of $36.2235 and a 52-week low of $36.2235. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $30.47 and 200-day moving average was $30.83 The short ratio stood at 4.44 indicating a short percent outstanding of 0%.

Around 4565.9% of the company’s stock are held by insiders while 2165.4% are held by institutions.