Flex Lng Ltd. - Understand $flng stock

$FLNG Market Cap: $14.3 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$366.8M

TTM

Gross Margin

80.91%

TTM

Net Earnings

$119.6M

TTM

Current Assets

$415.2M

Q2 2024

Current Liabilities

$161.6M

Q2 2024

Current Ratio

256.97%

Q2 2024

Total Assets

$2.642B

Q2 2024

Total Liabilities

$1.818B

Q2 2024

Book Value

$823.6M

Q2 2024

Cash

$370.2M

Q2 2024

P/E

119.6

Nov 29, 2024 EST

Free Cash Flow

$147.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$371.0M	$347.9M	$343.4M	$164.5M	$120.0M	$77.21M	$27.33M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	6.64%	1.3%	108.83%	37.09%	55.38%	182.52%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$371.0M	$347.9M	$343.4M	$164.5M	$120.0M	$77.21M	$27.33M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Cost Of Revenue	$68.36M	$63.41M	$61.24M	$37.00M	$22.42M	$26.16M	$36.53M
Gross Profit	$302.7M	$284.5M	$282.2M	$127.5M	$97.54M	$51.05M	-$9.203M
Gross Profit Margin	81.58%	81.77%	82.17%	77.5%	81.31%	66.12%	-33.67%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$10.47M	$9.147M	$7.887M	$6.302M	$7.506M	$4.639M	$3.409M	$1.498M	$2.231M	$2.410M	$4.200M	$8.700M	$13.29M	$10.00M	$10.41M	$10.17M	$810.0K
YoY Change	14.43%	15.98%	25.15%	-16.04%	61.8%	36.08%	127.57%	-32.86%	-7.43%	-42.62%	-51.72%	-34.54%	32.9%	-3.94%	2.36%	1155.56%
% of Gross Profit	3.46%	3.22%	2.79%	4.94%	7.69%	9.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$73.36M	$72.22M	$69.83M	$41.85M	$28.75M	$17.41M	$2.000K	$2.000K	$3.000K	$0.00	$30.00K	$120.0K	$150.0K	$210.0K	$250.0K
YoY Change	1.58%	3.42%	66.88%	45.57%	65.1%	870500.0%	0.0%	-33.33%		-100.0%	-75.0%	-20.0%	-28.57%	-16.0%
% of Gross Profit	24.24%	25.39%	24.74%	32.83%	29.47%	34.11%
Operating Expenses	$85.51M	$83.89M	$81.05M	$51.84M	$42.54M	$22.05M	$3.411M	$1.500M	$2.234M	$2.410M	$4.230M	$8.820M	$13.43M	$10.21M	$10.66M	$14.77M	$2.500M
YoY Change	1.93%	3.5%	56.34%	21.88%	92.9%	546.47%	127.4%	-32.86%	-7.3%	-43.03%	-52.04%	-34.33%	31.54%	-4.22%	-27.83%	490.8%
Operating Profit	$217.2M	$200.6M	$201.2M	$75.62M	$55.01M	$29.00M	-$12.61M
YoY Change	8.25%	-0.27%	166.01%	37.47%	89.7%	-329.88%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	-$85.93M	$76.60M	-$37.64M	-$67.43M	-$34.47M	-$17.18M	$2.223M	-$291.0K	-$243.0K	-$660.0K	-$260.0K	$11.46M	-$10.15M	$220.0K	$390.0K	$2.790M	$390.0K
YoY Change	-212.18%	-303.47%	-44.17%	95.62%	100.7%	-872.6%	-863.92%	19.75%	-63.18%	153.85%	-102.27%	-212.91%	-4713.64%	-43.59%	-86.02%	615.38%
% of Operating Profit	-39.57%	38.18%	-18.71%	-89.17%	-62.66%	-59.23%
Other Income/Expense, Net	-$877.0K	-$1.464M	$137.0K	-$771.0K	-$113.0K	-$53.00K	$0.00
YoY Change	-40.1%	-1168.61%	-117.77%	582.3%	113.21%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$120.1M	$188.1M	$162.3M	$8.189M	$17.15M	$11.77M	-$10.39M	-$1.790M	-$2.478M	-$2.620M	$205.5M	-$298.7M	-$135.9M	-$108.7M	-$10.27M	-$11.98M	-$2.110M
YoY Change	-36.16%	15.92%	1881.98%	-52.25%	45.71%	-213.26%	480.5%	-27.76%	-5.42%	-101.28%	-168.78%	119.87%	25.02%	958.23%	-14.27%	467.77%
Income Tax	$78.00K	$98.00K	$99.00K	$84.00K	$182.0K	-$10.00K	$17.00K	-$1.000K	$7.000K	$10.00K	$20.00K	$60.00K	$90.00K	$170.0K	$190.0K	$0.00	$0.00
% Of Pretax Income	0.06%	0.05%	0.06%	1.03%	1.06%	-0.08%					0.01%
Net Earnings	$120.0M	$188.0M	$162.2M	$8.105M	$16.97M	$11.78M	-$10.41M	-$1.789M	-$2.485M	-$2.640M	$205.5M	-$298.8M	-$136.0M	-$108.7M	-$10.17M	-$11.98M	-$2.110M
YoY Change	-36.16%	15.93%	1901.3%	-52.23%	44.04%	-213.17%	481.78%	-28.01%	-5.87%	-101.28%	-168.76%	119.77%	25.12%	968.44%	-15.11%	467.77%
Net Earnings / Revenue	32.35%	54.05%	47.23%	4.93%	14.14%	15.26%	-38.08%
Basic Earnings Per Share	$2.24	$3.53	$3.04	$0.15
Diluted Earnings Per Share	$2.22	$3.51	$3.041M	$149.3K	$312.8K	$290.2K	-$338.3K	-$139.9K	-$194.4K	-$208.5K	$16.13M	-$23.60M	-$11.31M	-$9.624M	-$902.4K	-$1.366M	-$649.2K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$410.4M	$332.3M	$200.7M	$128.9M	$129.0M	$54.93M	$9.961M	$1.439M	$3.722M	$6.700M	$1.500M	$6.200M	$14.80M	$9.900M	$25.70M	$49.50M	$14.30M
YoY Change	23.5%	65.62%	55.69%	-0.1%	134.84%	451.47%	592.22%	-61.34%	-44.45%	346.67%	-75.81%	-58.11%	49.49%	-61.48%	-48.08%	246.15%
Cash & Equivalents	$410.4M	$332.3M	$200.7M	$128.9M	$129.0M	$54.93M	$9.961M	$1.439M	$3.722M	$6.700M	$1.500M	$6.200M	$14.80M	$9.900M	$25.70M	$49.50M	$14.30M
Short-Term Investments
Other Short-Term Assets	$7.617M	$7.960M	$3.005M	$11.43M	$2.881M	$2.690M	$6.082M	$174.0K	$2.000K	$0.00	$100.0K	$200.0K	$300.0K	$1.900M		$100.0K	$0.00
YoY Change	-4.31%	164.89%	-73.7%	296.67%	7.1%	-55.77%	3395.4%	8600.0%		-100.0%	-50.0%	-33.33%	-84.21%
Inventory	$5.091M	$5.260M	$6.453M	$3.656M	$2.686M	$915.0K	$1.041M
Prepaid Expenses
Receivables	$12.56M	$7.011M	$12.28M	$10.07M	$7.959M
Other Receivables	$7.367M	$1.488M	$2.506M	$3.809M	$1.359M
Total Short-Term Assets	$443.1M	$354.0M	$224.9M	$157.8M	$143.9M	$60.43M	$17.57M	$1.659M	$3.974M	$6.800M	$1.700M	$6.700M	$15.80M	$12.30M	$26.60M	$50.80M	$14.50M
YoY Change	25.14%	57.43%	42.48%	9.7%	138.13%	243.91%	959.07%	-58.25%	-41.56%	300.0%	-74.63%	-57.59%	28.46%	-53.76%	-47.64%	250.34%
Property, Plant & Equipment	$2.217B	$2.270B	$2.342B	$1.856B	$1.147B	$812.5M	$594.9M	$212.5M	$211.3M	$211.1M	$210.5M	$100.0K	$342.6M	$431.5M	$516.8M	$494.0M	$193.3M
YoY Change	-2.32%	-3.08%	26.16%	61.81%	41.21%	36.57%	180.01%	0.57%	0.08%	0.29%	210400.0%	-99.97%	-20.6%	-16.51%	4.62%	155.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments													$0.00	$900.0K	$0.00
YoY Change													-100.0%
Other Assets	$48.83M	$55.52M	$5.862M	$289.7M	$350.1M	$421.5M	$72.00M
YoY Change	-12.04%	847.03%	-97.98%	-17.25%	-16.93%	485.38%
Total Long-Term Assets	$2.266B	$2.325B	$2.348B	$2.146B	$1.497B	$1.234B	$666.9M	$212.5M	$211.3M	$211.1M	$210.5M	$100.0K	$342.6M	$432.3M	$553.0M	$494.0M	$193.3M
YoY Change	-2.55%	-0.96%	9.41%	43.33%	21.35%	85.02%	213.89%	0.57%	0.08%	0.29%	210400.0%	-99.97%	-20.75%	-21.83%	11.94%	155.56%
Total Assets	$2.709B	$2.680B	$2.573B	$2.304B	$1.641B	$1.294B	$684.5M	$214.1M	$215.2M	$217.9M	$212.2M	$6.800M	$358.4M	$444.6M	$579.6M	$544.8M	$207.8M
YoY Change
Accounts Payable	$3.892M	$2.122M	$2.364M	$3.685M	$678.0K	$798.0K	$886.0K	$46.00K	$15.00K	$400.0K	$0.00	$100.0K	$200.0K	$600.0K	$400.0K	$7.700M	$200.0K
YoY Change	83.41%	-10.24%	-35.85%	443.51%	-15.04%	-9.93%	1826.09%	206.67%	-96.25%		-100.0%	-50.0%	-66.67%	50.0%	-94.81%	3750.0%
Accrued Expenses	$12.58M	$20.69M	$12.61M	$14.01M	$6.927M	$6.441M	$862.0K	$1.145M	$598.0K	$400.0K	$400.0K	$1.000M	$2.600M	$2.600M	$3.000M	$800.0K	$0.00
YoY Change	-39.18%	64.08%	-10.03%	102.3%	7.55%	647.22%	-24.72%	91.47%	49.5%	0.0%	-60.0%	-61.54%	0.0%	-13.33%	275.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$10.00M	$0.00	$0.00	$0.00	$0.00
YoY Change												-100.0%
Long-Term Debt Due	$103.9M	$95.51M	$81.47M	$64.47M	$34.57M	$23.37M	$0.00
YoY Change	8.76%	17.23%	26.38%	86.5%	47.94%
Total Short-Term Liabilities	$153.3M	$153.2M	$131.6M	$131.8M	$57.73M	$35.46M	$4.409M	$1.191M	$613.0K	$800.0K	$400.0K	$1.100M	$12.70M	$3.200M	$3.400M	$8.500M	$200.0K
YoY Change	0.05%	16.42%	-0.19%	128.35%	62.81%	704.26%	270.19%	94.29%	-23.38%	100.0%	-63.64%	-91.34%	296.88%	-5.88%	-60.0%	4150.0%
Long-Term Debt	$1.708B	$1.619B	$1.552B	$1.337B	$744.3M	$431.6M	$160.0M	$7.000M	$7.000M	$7.000M	$0.00	$0.00	$29.20M	$10.90M	$6.400M	$0.00	$0.00
YoY Change	5.5%	4.34%	16.08%	79.64%	72.45%	169.75%	2185.71%	0.0%	0.0%			-100.0%	167.89%	70.31%
Other Long-Term Liabilities				$0.00	$2.000K
YoY Change				-100.0%
Total Long-Term Liabilities	$1.708B	$1.619B	$1.552B	$1.337B	$744.3M	$431.6M	$160.0M	$7.000M	$7.000M	$7.000M	$0.00	$0.00	$29.20M	$10.90M	$6.400M	$0.00	$0.00
YoY Change	5.5%	4.34%	16.08%	79.64%	72.45%	169.75%	2185.71%	0.0%	0.0%			-100.0%	167.89%	70.31%
Total Liabilities	$1.862B	$1.772B	$1.684B	$1.469B	$802.0M	$467.1M	$164.4M	$8.191M	$7.613M	$7.800M	$400.0K	$1.100M	$42.00M	$14.10M	$43.00M	$8.500M	$200.0K
YoY Change	5.03%	5.28%	14.62%	83.14%	71.72%	184.09%	1907.19%	7.59%	-2.4%	1850.0%	-63.64%	-97.38%	197.87%	-67.21%	405.88%	4150.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding
Diluted Shares Outstanding	53.99M shares	53.52M shares	53.34M shares	54.27M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $14.304 Billion

About Flex LNG Ltd.

FLEX LNG Ltd. engages in the seaborne transportation of liquefied natural gas (LPG) through the ownership and operation of LNG carriers. The Company’s business is focused on the operation of its long-term charters for its fleet. The company owns and operates about nine M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers, of which four have partial re-liquefaction systems installed and three have full re-liquefaction systems installed, and four Generation X Dual Fuel (X-DF) LNG carriers. The Company’s operating vessels include Flex Endeavour, Flex Enterprise, Flex Ranger, Flex Rainbow, Flex Constellation, Flex Courageous, Flex Aurora, Flex Amber, Flex Artemis, Flex Resolute, Flex Freedom, Flex Volunteer, and Flex Vigilant. Its subsidiaries include Flex LNG Chartering Limited, Flex LNG Management AS, Flex LNG Bermuda Management Limited, Flex LNG Management Limited, Flex LNG Fleet Limited, Flex LNG Endeavour Limited, Flex LNG Enterprise Limited, Flex Vigilant Limited, and others.

Industry: Water Transportation Peers: Ardmore Shipping Corp DHT Holdings, Inc. GOLAR LNG LTD NORDIC AMERICAN TANKERS Ltd SFL Corp Ltd. TEEKAY CORP LTD