| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡ |
|
| 2027 | ‡‡‡ |
|
| 2026 | 3.00 |
—
—
—
|
| 2025 | 3.00 |
—
—
—
—
|
| 2024 | 3.00 |
—
—
—
—
|
| 2023 | 2.25 |
—
—
—
—
|
| 2022 | 2.25 |
—
—
—
—
|
| 2021 | 1.85 |
—
—
—
—
|
| 2020 | 0.20 |
—
—
|
| 2019 | 0.10 |
—
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 410.54 | 437.20 | 447.70 | 397.38 |
| Receivables | 0.79 | 0.69 | 0.34 | 0.49 |
| Inventory | 5.09 | 4.82 | 9.00 | 7.47 |
| Other | 26.64 | 31.67 | 46.23 | 50.11 |
| 443.06 | 474.38 | 503.28 | 455.45 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 3.51 | 2.00 | 10.51 | 6.12 |
| ST’ Debt | 103.87 | 106.71 | 109.63 | 110.82 |
| Other | 45.51 | 49.54 | 45.02 | 51.47 |
| 153.27 | 158.78 | 165.83 | 169.60 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 80.46 | 106.80 | — | — |
—
|
| ’25 | 88.44 | 85.98 | 85.68 | 87.54 |
347.64
|
| ’24 | 90.24 | 84.70 | 90.48 | 90.93 |
356.35
|
| ’23 | 92.48 | 86.73 | 94.58 | 97.23 |
371.02
|
| ’22 | 74.57 | 84.16 | 91.26 | 97.93 |
347.92
|
| ’21 | 81.26 | 65.84 | 81.76 | 114.59 |
343.45
|
| ’20 | 38.19 | 25.75 | 33.15 | 67.37 |
164.46
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 9.68 | 76.79 | — | — |
—
|
| ’25 | 40.18 | 26.89 | 37.24 | 36.43 |
140.74
|
| ’24 | 34.87 | 47.48 | 48.17 | 52.28 |
182.80
|
| ’23 | 33.75 | 40.87 | 46.16 | 54.26 |
175.03
|
| ’22 | 42.45 | 52.15 | 71.93 | 53.35 |
219.88
|
| ’21 | 43.90 | 47.30 | 44.29 | 79.36 |
214.84
|
| ’20 | 14.12 | 3.86 | 19.70 | 51.62 |
89.30
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 9.68 | 76.79 | — | — |
—
|
| ’25 | 40.18 | 26.89 | 37.24 | 36.43 |
140.74
|
| ’24 | 34.87 | 47.48 | 48.16 | 52.28 |
182.80
|
| ’23 | 29.21 | 40.87 | 46.16 | 54.26 |
175.03
|
| ’22 | 42.45 | 52.14 | 71.93 | 53.35 |
219.88
|
| ’21 | (92.95) | (82.02) | 44.55 | 79.34 |
(51.09)
|
| ’20 | 14.14 | 3.95 | (394.93) | (99.45) |
(476.29)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.36 | 0.83 | — | — |
—
|
| ’25 | 0.35 | 0.33 | 0.31 | 0.40 |
1.38
|
| ’24 | 0.62 | 0.40 | 0.32 | 0.84 |
2.18
|
| ’23 | 0.31 | 0.72 | 0.84 | 0.36 |
2.22
|
| ’22 | 1.05 | 0.83 | 0.87 | 0.77 |
3.51
|
| ’21 | 0.88 | 0.24 | 0.62 | 1.30 |
3.04
|
| ’20 | (0.27) | (0.12) | 0.07 | 0.48 |
0.15
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡ | 16.65 | 27.76 | 20.85 | 19.46 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.24 | 35.97 | 31.41 | 27.67 | — | — | — |
High Price
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 9 | 10 | 9 | 9 | — | — | — |
Employees
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.66 | 37.10 | 39.59 | 38.63 | — | — | — |
Revenue/Emp
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 347.92 | 371.02 | 356.35 | 347.64 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 81.05% | 81.12% | 79.43% | 74.90% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 188.14 | 120.12 | 117.82 | 74.90 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 54.08% | 32.37% | 33.06% | 21.54% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 188.04 | 120.04 | 117.68 | 74.82 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 76.29 | 75.85 | 77.99 | 78.92 | — | — | — |
Depreciation
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 6.54 | 6.91 | 6.62 | 6.43 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.53 | 2.24 | 2.19 | 1.38 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.13 | 3.26 | 3.39 | 2.60 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.13 | 3.26 | 3.39 | 2.60 | — | — | — |
Free CF/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.05 | 15.79 | 14.98 | 13.30 | — | — | — |
Book Value/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 53.20 | 53.70 | 53.85 | 54.09 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.67 | 13.40 | 10.47 | 17.95 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.69 | 4.34 | 3.47 | 3.88 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.80 | 1.90 | 1.53 | 1.88 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.67 | 8.12 | 7.32 | 7.91 | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.71 | 17.68 | 14.27 | 19.54 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 219.88 | 175.03 | 182.80 | 140.74 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | — | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 219.88 | 175.03 | 182.80 | 140.74 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 200.85 | 289.79 | 315.60 | 337.45 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,714.73 | 1,812.14 | 1,810.24 | 1,848.21 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,382.33 | 1,401.60 | 1,373.03 | 1,400.51 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 907.09 | 847.65 | 806.63 | 719.26 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.16% | 4.46% | 4.38% | 2.83% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.48% | 6.03% | 5.67% | 5.18% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.93% | 13.68% | 14.23% | 9.81% | ‡‡‡‡‡ | — | — |
ROE
|
Flex LNG Ltd. (FLNG), a leading LNG carrier operator with a modern fleet, has ridden the industry’s wild cycles—from post-2016 recovery and COVID resilience to a explosive 2021-2022 boom driven by Europe’s post-Ukraine energy scramble, where revenue tripled to $348 million, EPS soared 2,253% to $3.53, and ROE hit 20.9%. Yet, 2023-2024 saw softening with revenue dipping 4% and EPS retreating to $2.19 amid cooling charter rates, mirroring historical tanker busts. Trading near analyst consensus with tight price targets (±4%), the stock reflects stabilizing post-boom dynamics but boasts resilient 75%+ gross margins, exceptional revenue per employee ($37M+), and robust free cash flow ($183M in 2024) supporting dividends and deleveraging.
A pristine balance sheet—net debt at 3.8x EBITDA, ample working capital, and EV/Sales at an attractive 7.3x—positions FLNG to weather downturns, much like peers in past cycles. Cash flow per share holds steady at $3.39 (2024), with ROIC above cost of capital, while PE at 10.5x and PS at 3.5x suggest undervaluation if forecasts pan out.
Analysts eye a mild 2025-2026 trough (revenue -2%, EPS -27%) before a V-shaped rebound to 2027 (+55% net income), fueled by new U.S. LNG exports and Asian demand, though 100+ new carriers risk oversupply. With eco-fleet advantages, steady charters, and 10%+ yield potential, FLNG offers 10-15% total returns for patient cyclical investors—dive deeper to assess if history repeats for the steadfast.
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