# FLEX LNG Ltd. (FLNG) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $31.51, market value $1.7 billion.

## Valuation
- **P/E (trailing): 16.6×** (5-yr avg 9.2×, 3-yr avg 11.8×). FLEX LNG Ltd. trades at 16.6× trailing earnings, well above its own five-year average of 9.2×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 14.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.7×**. Each dollar of revenue is priced at 4.7×.
- **Price / book: 2.4×**. The shares trade at 2.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.6×**. Enterprise value is 11.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 9.4%**. Free cash flow equals 9.4% of the market value. Above 5% is generally attractive.
- **Earnings yield: 6.0%**. The inverse of the P/E: 6.0% of the price is earned each year.

## Profitability
- **Gross margin: 51.7%**. FLEX LNG Ltd. keeps 51.7% of revenue after the direct cost of what it sells.
- **Operating margin: 49.5%**. 49.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 21.5%**. 21.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.4%**. 10.4% on shareholders' equity is solid.
- **Return on invested capital: 8.4%**. Return on all capital, debt included, is 8.4%.
- **Return on assets: 3.9%**. Each dollar of assets produces 3.9% of profit.

## Growth
- **Revenue growth (1 yr): -2.4%** (3-yr -0.0%/yr, 5-yr 16.1%/yr). Revenue fell 2.4% over the last year, against 16.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -36.7%** (3-yr -26.7%/yr, 5-yr 55.9%/yr). Earnings per share fell 36.7%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 2.57**. Debt is 2.57 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 5.3×**. It would take 5.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 2.1×**. Operating profit covers interest 2.1×, thin but manageable.
- **Altman Z-score: 1.27**. A Z-score of 1.27 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 9.52%** ($3.00 per share, trailing). FLEX LNG Ltd. yields 9.52%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 217%** (101% of free cash flow). The dividend exceeds earnings (217% payout), which is rarely sustainable outside REITs and one-off years.
- **Dividend growth (5 yr): 86.4%/yr** (1-yr -14.3%). The dividend has compounded at 86.4% a year over five years, doubling roughly every 1 years at that pace.

## Analyst view
- **Analyst consensus: underperform** (5 analysts). 5 analysts cover FLEX LNG Ltd.; the consensus is underperform, with an average price target of $25.90 (-18% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 29.7%** (YTD 33.1%, 3-mo 5.8%). The shares are up 29.7% over twelve months including dividends.
- **From 52-week high: -5.7%** (31.3% above the low). Trading 6% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): -0.11** (volatility 27%). Beta of -0.11 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FLNG · Page: https://foliofundamentals.com/stocks/flng

Not investment advice.