FLEX LNG Financials

FLNG Stock  USD 26.32  0.14  0.53%   
Based on the key indicators obtained from FLEX LNG's historical financial statements, FLEX LNG is performing exceptionally good at this time. It has a great risk to report excellent financial results in December. At this time, FLEX LNG's Property Plant And Equipment Net is most likely to increase significantly in the upcoming years. The FLEX LNG's current Net Debt is estimated to increase to about 1.5 B, while Total Stockholder Equity is projected to decrease to roughly 572.5 M. Key indicators impacting FLEX LNG's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio2.242.1378
Sufficiently Up
Slightly volatile
Current Ratio4.22.8908
Way Up
Slightly volatile
The financial analysis of FLEX LNG is a critical element in measuring its lifeblood. Investors should not minimize FLEX LNG's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

126.04 Million

  
Understanding current and past FLEX LNG Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of FLEX LNG's financial statements are interrelated, with each one affecting the others. For example, an increase in FLEX LNG's assets may result in an increase in income on the income statement.

FLEX LNG Stock Summary

FLEX LNG competes with Frontline, Torm PLC, Navigator Holdings, Teekay Tankers, and Scorpio Tankers. Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas worldwide. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda. Flex Lng operates under Oil Gas Midstream classification in the United States and is traded on New York Stock Exchange. It employs 8 people.
Foreign Associate
  Norway
Specialization
Industrials, Oil & Gas Midstream
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINBMG359472021
CUSIPG35947202
LocationBermuda
Business AddressPar-La-Ville Place, Hamilton,
SectorMarine Transportation
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.flexlng.com
Phone441 295 6935
CurrencyUSD - US Dollar

FLEX LNG Key Financial Ratios

FLEX LNG Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets1.6B2.3B2.6B2.7B2.7B2.8B
Other Current Liab10.0M38.7M21.2M22.9M13.4M9.8M
Net Debt649.8M1.3B1.4B1.4B1.4B1.5B
Accounts Payable582K3.4M2.0M1.8M3.5M3.7M
Cash129.0M128.9M200.7M332.3M410.5M431.1M
Other Current Assets11.8M11.3M3.0M11.6M7.5M3.9M
Total Liab802.0M1.5B1.7B1.8B1.9B2.0B
Total Current Assets143.9M157.8M224.9M354.0M443.1M465.2M
Common Stock3.7M5.4M5.4M5.5M6.3M3.2M
Net Receivables315K13.9M14.8M4.9M19.9M20.9M
Inventory2.7M3.7M6.5M5.3M5.1M3.4M
Net Tangible Assets839.3M835.2M889.4M907.1M1.0B719.4M
Retained Earnings(356.2M)(358.9M)(295.6M)(293.7M)(354.9M)(372.6M)
Other Assets421.5M349.5M289.6M5.9M5.3M5.0M
Long Term Debt744.3M1.3B1.6B1.6B1.7B924.8M
Net Invested Capital1.6B2.2B2.5B2.6B2.7B2.1B
Net Working Capital86.2M26.0M93.3M200.9M289.8M304.3M
Short Long Term Debt34.6M64.5M81.5M95.5M103.9M73.9M
Short Term Debt34.6M64.5M81.5M95.5M103.9M73.9M

FLEX LNG Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense33.9M41.8M56.2M76.6M108.7M114.2M
Operating Income55.0M75.6M201.2M200.6M217.2M228.0M
Ebit55.0M75.6M201.2M264.7M217.2M228.0M
Ebitda84.7M117.5M271.0M337.0M290.5M305.0M
Income Before Tax17.1M8.2M162.3M188.1M120.1M126.1M
Net Income17.0M8.1M162.2M188.0M120.0M126.0M
Income Tax Expense182K84K99K98K78K57.9K
Gross Profit62.5M81.9M209.0M209.8M227.6M239.0M
Cost Of Revenue57.5M82.5M134.4M138.2M143.4M150.6M
Tax Provision182K84K99K98K118K72.6K
Interest Income1.1M327K41K2.0M5.0M5.2M
Net Interest Income(32.9M)(41.6M)(56.4M)(75.1M)(102.4M)(97.2M)
Total Revenue120.0M164.5M343.4M347.9M371.0M199.6M

FLEX LNG Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash74.0M(136K)72.2M131.2M78.1M82.1M
Free Cash Flow(240.0M)(602.1M)(51.1M)219.9M175.0M183.8M
Other Non Cash Items4.5M7.2M1.7M(55.1M)146.4M153.7M
Capital Expenditures291.5M691.4M265.9M5K2K1.9K
Net Income17.0M8.1M162.2M188.0M120.0M126.0M
End Period Cash Flow129.1M129.0M201.2M332.4M410.5M431.1M
Depreciation28.7M41.8M69.8M72.2M73.4M77.0M
Change To Inventory(1.8M)(970K)(2.8M)1.2M169K177.5K
Net Borrowings324.4M633.3M233.2M80.3M92.3M167.6M
Change To Netincome2.0M27.9M(29.9M)(58.9M)(53.0M)(50.3M)
Investments(291.5M)(691.4M)(265.9M)(5K)(2K)(2.1K)

FLEX Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining FLEX LNG's current stock value. Our valuation model uses many indicators to compare FLEX LNG value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across FLEX LNG competition to find correlations between indicators driving FLEX LNG's intrinsic value. More Info.
FLEX LNG is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about  0.44  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for FLEX LNG is roughly  2.26 . At this time, FLEX LNG's Return On Equity is most likely to increase in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value FLEX LNG by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

FLEX LNG Systematic Risk

FLEX LNG's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. FLEX LNG volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on FLEX LNG correlated with the market. If Beta is less than 0 FLEX LNG generally moves in the opposite direction as compared to the market. If FLEX LNG Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one FLEX LNG is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of FLEX LNG is generally in the same direction as the market. If Beta > 1 FLEX LNG moves generally in the same direction as, but more than the movement of the benchmark.

FLEX LNG Thematic Clasifications

FLEX LNG is part of Transportation investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
TransportationView
This theme covers USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in FLEX LNG Stock are looking for potential investment opportunities by analyzing not only static indicators but also various FLEX LNG's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of FLEX LNG growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.34)

At this time, FLEX LNG's Price Earnings To Growth Ratio is most likely to slightly decrease in the upcoming years.

FLEX LNG November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of FLEX LNG help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of FLEX LNG. We use our internally-developed statistical techniques to arrive at the intrinsic value of FLEX LNG based on widely used predictive technical indicators. In general, we focus on analyzing FLEX Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build FLEX LNG's daily price indicators and compare them against related drivers.

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When running FLEX LNG's price analysis, check to measure FLEX LNG's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FLEX LNG is operating at the current time. Most of FLEX LNG's value examination focuses on studying past and present price action to predict the probability of FLEX LNG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FLEX LNG's price. Additionally, you may evaluate how the addition of FLEX LNG to your portfolios can decrease your overall portfolio volatility.
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