# FLEX LNG Ltd. (FLNG) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Energy / Oil, Gas & Fuels. Price $27.32, market value $1.5 billion.

## Valuation
- **P/E (trailing): 14.4×** (5-yr avg 9.2×, 3-yr avg 11.8×). FLEX LNG Ltd. trades at 14.4× 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 12.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.1×**. Each dollar of revenue is priced at 4.1×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.8×**. Enterprise value is 10.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 10.8%**. Free cash flow equals 10.8% of the market value. Above 5% is generally attractive.
- **Earnings yield: 7.0%**. The inverse of the P/E: 7.0% 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.
- **Current ratio: 3.03** (quick 3.03). Current assets cover the next year's liabilities 3.03 times.
- **Altman Z-score: 1.36**. A Z-score of 1.36 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 10.98%** ($3.00 per share, trailing). FLEX LNG Ltd. yields 10.98%, 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** (4 analysts). 4 analysts cover FLEX LNG Ltd.; the consensus is underperform, with an average price target of $26.13 (-4% 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): 14.3%** (YTD 15.4%, 3-mo -10.5%). The shares are up 14.3% over twelve months including dividends.
- **From 52-week high: -18.2%** (13.2% above the low). Trading 18% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 30**. An RSI of 30 is neutral.
- **Beta (1 yr): -0.09** (volatility 27%). Beta of -0.09 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.