FLEX LNG (FLNG) AI Stock Analysis

• Market Cap: $1.42B
• Dividend Yield: 12.31%
• Average Volume (3M): 300.92K
• Price to Earnings (P/E): 14.6
• Beta (1Y): 0.37
• Revenue Growth: -3.20%
• EPS Growth: 6.76%
• Country: US
• Employees: 9
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.43
• Shares Outstanding: 54,087,770
• 10 Day Avg. Volume: 270,933
• 30 Day Avg. Volume: 300,916
• PEG Ratio: -4.70
• Price to Book (P/B): 1.53
• Price to Sales (P/S): 3.47
• P/FCF Ratio: 6.76
• Enterprise Value/Market Cap: 2.00
• Enterprise Value/Revenue: 8.09
• Enterprise Value/Gross Profit: 14.79
• Enterprise Value/Ebitda: 11.52
• 1Y Price Target: $26.70
• Price Target Upside: 5.66% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): 2.13
• Revenue Forecast (FY): $350.62M

• Rating: 76 Outperform
• Price Target: $29.00 ▲(14.76% Upside)

The score is driven by strong valuation/income appeal (high dividend yield with moderate P/E) and a positive earnings outlook supported by backlog and high cash levels. These are tempered by balance-sheet leverage risk and only moderate technical upside given stretched momentum indicators.

Positive Factors

Strong Financial Performance

Consistent profitability and a high cash balance of $479 million highlight financial resilience, supporting long-term operational stability.

Solid Contract Backlog

A strong contract backlog ensures revenue visibility and stability, protecting against market fluctuations and supporting future growth.

Record Dividend Yield

A consistent dividend yield reflects robust cash generation and financial health, enhancing shareholder value and investment appeal.

Negative Factors

Spot Market Challenges

Challenges in the spot market can affect short-term revenue, highlighting the need for strategic adjustments to mitigate volatility.

Charter Non-Renewal

Non-renewal of charters may lead to temporary revenue gaps, requiring proactive management to secure new contracts and maintain fleet utilization.

Decline in Asian LNG Imports

A decline in Asian LNG imports could impact demand, necessitating strategic diversification to mitigate regional dependency risks.

FLEX LNG Business Overview & Revenue Model

Company 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.

How the Company Makes Money

FLEX LNG generates revenue primarily through long-term time charters and spot market operations for its LNG carriers. The company enters into contracts with major energy companies and utilities, which provide a stable income stream over extended periods. Additionally, FLEX LNG benefits from the spot market, where it can capitalize on fluctuating demand and pricing for LNG transportation services. The company may also engage in partnerships with LNG producers and terminal operators, enhancing its operational capabilities and market presence. Factors contributing to its earnings include the global demand for LNG, charter rates, and the utilization rates of its fleet.

FLEX LNG Financial Statement Overview

Summary

High profitability and solid cash generation support the score, but elevated and rising leverage (debt-to-equity ~2.30 in TTM) and softer recent revenue momentum constrain financial flexibility.

Income Statement

FLNG shows very strong profitability for the sector, with consistently high gross and operating margins across the period and a still-solid net margin in TTM (Trailing-Twelve-Months) (~28%). However, growth has softened: revenue has been slightly down in the last two periods (TTM and 2024), and net income is below the 2022 peak, suggesting earnings are strong but not clearly accelerating.

Balance Sheet

The balance sheet is the main constraint. Leverage is high and rising over time, with debt-to-equity moving from ~1.68 (2020) to ~2.30 in TTM (Trailing-Twelve-Months). Equity has drifted lower since 2022, while debt remains elevated, which reduces flexibility in a weaker rate or shipping environment. Returns on equity are healthy (low-to-mid teens in the last few years), but they are supported by significant leverage.

Cash Flow

Cash generation is generally strong and closely tracks reported earnings, with free cash flow roughly matching net income in most years and in TTM (Trailing-Twelve-Months). Operating cash flow coverage of net income is around ~1.0–1.15 recently, indicating decent earnings quality. The key weakness is volatility in free cash flow (notably negative in 2020 and 2021) and a modest decline in TTM free cash flow versus the prior year.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	351.03M	356.35M	371.02M	347.92M	343.45M	164.46M
Gross Profit	192.00M	207.58M	227.62M	209.76M	209.04M	81.92M
EBITDA	246.50M	298.89M	302.20M	336.96M	288.36M	91.84M
Net Income	98.48M	117.68M	120.04M	188.04M	162.21M	8.11M
Balance Sheet
Total Assets	2.68B	2.67B	2.71B	2.68B	2.57B	2.30B
Cash, Cash Equivalents and Short-Term Investments	478.73M	437.15M	410.43M	332.33M	200.65M	128.88M
Total Debt	1.87B	1.81B	1.81B	1.71B	1.64B	1.42B
Total Liabilities	1.94B	1.86B	1.86B	1.77B	1.68B	1.47B
Stockholders Equity	738.28M	806.63M	847.65M	907.09M	889.39M	835.17M
Cash Flow
Free Cash Flow	156.59M	182.79M	175.03M	208.86M	-51.09M	-602.09M
Operating Cash Flow	156.59M	182.80M	175.03M	208.87M	214.84M	89.30M
Investing Cash Flow	0.00	-4.00K	-2.00K	-5.00K	-265.93M	-691.39M
Financing Cash Flow	32.64M	-155.61M	-96.54M	-77.75M	123.10M	603.32M

FLEX LNG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.27
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FLNG, the sentiment is Positive. The current price of 25.27 is below the 20-day moving average (MA) of 26.20, below the 50-day MA of 25.67, and above the 200-day MA of 23.91, indicating a bullish trend. The MACD of 0.33 indicates Positive momentum. The RSI at 60.26 is Neutral, neither overbought nor oversold. The STOCH value of 45.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FLNG.

FLEX LNG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NVGS	79 Outperform	$1.21B	12.35	8.57%	1.27%	2.46%	33.89%
FLNG	76 Outperform	$1.42B	14.65	12.79%	12.31%	-3.20%	6.76%
TRGP	74 Outperform	$43.14B	27.02	61.18%	2.03%	7.79%	33.93%
DLNG	71 Outperform	$138.09M	2.44	12.11%	5.08%	4.34%	18.88%
LPG	66 Neutral	$1.27B	13.26	8.81%	13.08%	-27.21%	-62.22%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GLNG	56 Neutral	$4.25B	71.14	2.99%	2.68%	19.15%	329.74%

FLEX LNG Corporate Events

Flex LNG Appoints Marius Foss as CEO

On December 5, 2025, Flex LNG Ltd. announced the appointment of Mr. Marius Foss as the new Chief Executive Officer of Flex LNG Management AS. Mr. Foss, who has been with the company since 2018, previously served as Interim CEO and Chief Commercial Officer, and has over 35 years of experience in the shipping industry. His leadership is expected to strengthen the company’s development and position in the LNG market.

The most recent analyst rating on (FLNG) stock is a Buy with a $30.00 price target. To see the full list of analyst forecasts on FLEX LNG stock, see the FLNG Stock Forecast page.

Flex LNG Reports Q3 2025 Financial Results and Strategic Updates

Flex LNG Ltd. announced its unaudited financial results for the third quarter of 2025, reporting vessel operating revenues of $85.7 million and a net income of $16.8 million. The company achieved a Time Charter Equivalent rate of $70,921 per day and declared a dividend of $0.75 per share for the quarter. Key events included the completion of vessel refinancings, drydockings, and delisting from the Oslo Stock Exchange. Despite a challenging freight market, Flex LNG remains well-positioned with a strong balance sheet and a substantial charter backlog, supported by record-high FIDs for new liquefaction capacity and increased US LNG export volumes.

The most recent analyst rating on (FLNG) stock is a Buy with a $28.00 price target. To see the full list of analyst forecasts on FLEX LNG stock, see the FLNG Stock Forecast page.