Pricing Log in Create free account

Flex LNG Ltd. (FLNG) vs NGL Energy Partners LP (NGL)

Flex LNG Ltd. and NGL Energy Partners LP are both Oil & Gas Midstream companies. NGL Energy Partners LP is the larger, with a market value of $1.8B against $1.4B — 1.3× the size. NGL Energy Partners LP has negative trailing earnings, so its P/E is not meaningful; Flex LNG Ltd. trades at 13.7×. NGL Energy Partners LP grew revenue faster over the last twelve months: 5.76% against 1.30%. Flex LNG Ltd. has the higher net margin (28.5% vs −9.96%) and the higher return on invested capital (5.31% vs 2.94%). Across the 20 metrics below, Flex LNG Ltd. leads on 15 and NGL Energy Partners LP on 5.

Valuation

Metric FLNG NGL Oil & Gas Midstream median
P/E 13.71 n/m 11.68
P/S 3.90 0.52 2.39
P/B 2.00 n/m 1.68
Price to free cash flow 8.79 18.15 8.52
EV/EBITDA 10.84 12.54 9.03
EV/Sales 7.78 1.45 3.43
Earnings yield 7.30% (19.16%) 7.78%
Free cash flow yield 11.38% 5.51% 7.11%

Profitability

Metric FLNG NGL Oil & Gas Midstream median
Gross margin 73.34% 29.52% 54.87%
Operating margin 49.46% 4.05% 34.73%
Net margin 28.50% (9.96%) 20.12%
Free cash flow margin 44.42% 2.89% 14.43%
Return on equity 14.03% 88.77% 11.73%
Return on assets 3.96% (8.39%) 4.43%
Return on invested capital 5.31% 2.94% 6.10%

Growth

Metric FLNG NGL Oil & Gas Midstream median
Revenue growth (TTM) 1.30% 5.76% 14.88%
EPS growth (last fiscal year) (36.70%) (431.67%) (7.78%)
Revenue growth, 5-year CAGR 16.15% (9.60%) 10.05%
Net income growth, 5-year CAGR 55.97% 0.00% 0.00%

Health

Metric FLNG NGL Oil & Gas Midstream median
Debt to equity 2.55 (13.85) 0.77
Current ratio 2.69 1.14 1.19
Net debt to EBITDA 5.50 8.88 3.46

Dividend

Metric FLNG NGL Oil & Gas Midstream median
Dividend yield 11.52% — 4.94%
Payout ratio 1.58 — 0.73

Size

Metric FLNG NGL Oil & Gas Midstream median
Market cap 1.38b 1.84b 3.56b

Compare with another peer

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