Flex LNG Ltd. (FLNG) vs Genesis Energy, L.P. (GEL)

Flex LNG Ltd. and Genesis Energy, L.P. are both Oil & Gas Midstream companies. Flex LNG Ltd. and Genesis Energy, L.P. are of similar size ($1.8B and $1.7B). Flex LNG Ltd. trades at the lower P/E: 16.3× against 74.6×. Genesis Energy, L.P. grew revenue faster over the last twelve months: 16.6% against 1.30%. Flex LNG Ltd. has the higher net margin (28.5% vs 1.34%) and the lower return on invested capital (5.31% vs 6.66%). Both pay a dividend; Flex LNG Ltd. yields more (11.5% vs 5.37%). Across the 23 metrics below, Flex LNG Ltd. leads on 15 and Genesis Energy, L.P. on 8.

Valuation

Metric FLNG GEL Oil & Gas Midstream median
P/E 16.26 74.58 13.19
P/S 4.63 0.95 2.60
P/B 2.38 13.59 2.08
Price to free cash flow 10.43 4.97 10.14
EV/EBITDA 11.86 8.07 8.11
EV/Sales 8.51 2.67 3.89
Earnings yield 6.15% 1.34% 6.83%
Free cash flow yield 9.59% 20.11% 6.94%

Profitability

Metric FLNG GEL Oil & Gas Midstream median
Gross margin 73.34% 35.08% 58.81%
Operating margin 49.46% 19.12% 32.14%
Net margin 28.50% 1.34% 21.16%
Free cash flow margin 44.42% 19.03% 10.15%
Return on equity 14.03% 16.81% 11.30%
Return on assets 3.96% 0.48% 5.00%
Return on invested capital 5.31% 6.66% 6.13%

Growth

Metric FLNG GEL Oil & Gas Midstream median
Revenue growth (TTM) 1.30% 16.63% 15.44%
EPS growth (last fiscal year) (36.70%) (237.90%) —
Revenue growth, 5-year CAGR 16.15% (2.23%) 8.96%
Net income growth, 5-year CAGR 55.97% 0.00% 0.00%

Health

Metric FLNG GEL Oil & Gas Midstream median
Debt to equity 2.55 25.09 0.78
Current ratio 2.69 0.93 1.19
Net debt to EBITDA 5.50 5.82 3.42

Dividend

Metric FLNG GEL Oil & Gas Midstream median
Dividend yield 11.51% 5.37% 7.29%
Payout ratio 1.12 — 0.64

Size

Metric FLNG GEL Oil & Gas Midstream median
Market cap 1.65b 1.75b 3.61b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack