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Flex LNG

DB:0QQA
Snowflake Description

Undervalued with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0QQA
DB
NOK3B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Flex LNG Ltd., through its subsidiaries, engages in the transportation of liquefied natural gas worldwide. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Flex LNG has significant price volatility in the past 3 months.
0QQA Share Price and Events
7 Day Returns
8.8%
DB:0QQA
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-61.5%
DB:0QQA
34.4%
DE Oil and Gas
-14.2%
DE Market
0QQA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Flex LNG (0QQA) 8.8% 5.9% -45.9% -61.5% - -
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • 0QQA underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • 0QQA underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
0QQA
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Flex LNG's competitors could be found in our database.

0QQA Value

 Is Flex LNG undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Flex LNG to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Flex LNG.

DB:0QQA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0QQA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.5%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 21%) (290.16%))
2.474
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.51%)
12.63%

Discounted Cash Flow Calculation for DB:0QQA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Flex LNG is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:0QQA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.63%)
2020 -595.33 Analyst x3 -528.57
2021 -111.67 Analyst x3 -88.03
2022 121.67 Analyst x3 85.15
2023 180.35 Est @ 48.23% 112.07
2024 241.02 Est @ 33.64% 132.98
2025 297.51 Est @ 23.43% 145.74
2026 345.96 Est @ 16.29% 150.47
2027 385.00 Est @ 11.28% 148.67
2028 414.96 Est @ 7.78% 142.27
2029 437.07 Est @ 5.33% 133.05
Present value of next 10 years cash flows $433.00
DB:0QQA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $437.07 × (1 + -0.39%) ÷ (12.63% – -0.39%)
$3,343.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,343.85 ÷ (1 + 12.63%)10
$1,017.90
DB:0QQA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $433.00 + $1,017.90
$1,450.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,450.90 / 54.11
$26.81
DB:0QQA Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:FLNG)
10.26
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $26.81 x 10.26
NOK275.11
Non-primary Listing Adjustment Factor 1 share in DB:0QQA represents 0.09383x of OB:FLNG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09383x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 275.11 x 0.09383
€25.81
Value per share (EUR) From above. €25.81
Current discount Discount to share price of €4.79
= -1 x (€4.79 - €25.81) / €25.81
81.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Flex LNG is available for.
Intrinsic value
>50%
Share price is €4.79 vs Future cash flow value of €25.81
Current Discount Checks
For Flex LNG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Flex LNG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Flex LNG's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Flex LNG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Flex LNG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0QQA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.31
OB:FLNG Share Price ** OB (2020-04-08) in NOK NOK51.05
OB:FLNG Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.097 $4.98
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Flex LNG.

DB:0QQA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:FLNG Share Price ÷ EPS (both in USD)

= 4.98 ÷ 0.31

15.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Flex LNG is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Flex LNG is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Flex LNG's expected growth come at a high price?
Raw Data
DB:0QQA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
29.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:0QQA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.87x ÷ 29.6%

0.54x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Flex LNG is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Flex LNG's assets?
Raw Data
DB:0QQA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $15.51
OB:FLNG Share Price * OB (2020-04-08) in NOK NOK51.05
OB:FLNG Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.097 $4.98
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:0QQA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:FLNG Share Price ÷ Book Value per Share (both in USD)

= 4.98 ÷ 15.51

0.32x

* Primary Listing of Flex LNG.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Flex LNG is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Flex LNG's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Flex LNG has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0QQA Future Performance

 How is Flex LNG expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Flex LNG expected to grow at an attractive rate?
  • Flex LNG's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Flex LNG's earnings growth is expected to exceed the Germany market average.
  • Flex LNG's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0QQA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0QQA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 29.6%
DB:0QQA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 25.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:0QQA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0QQA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 272 125 55 3
2021-12-31 284 141 69 4
2020-12-31 207 90 62 4
2020-04-08
DB:0QQA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 120 52 17
2019-09-30 104 38 8
2019-06-30 93 35 9
2019-03-31 81 33 10
2018-12-31 77 36 12
2018-09-30 49 11 -2
2018-06-30 40 1 -7
2018-03-31 41 -14 -11
2017-12-31 27 -18 -10
2017-09-30 19 -17 -12
2017-06-30 10 -12 -8
2017-03-31 2 -6 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Flex LNG's earnings are expected to grow significantly at over 20% yearly.
  • Flex LNG's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0QQA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Flex LNG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0QQA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.01 1.28 0.69 3.00
2021-12-31 1.27 1.53 1.06 4.00
2020-12-31 1.15 1.63 0.87 4.00
2020-04-08
DB:0QQA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.31
2019-09-30 0.16
2019-06-30 0.18
2019-03-31 0.22
2018-12-31 0.29
2018-09-30 -0.06
2018-06-30 -0.20
2018-03-31 -0.35
2017-12-31 -0.34
2017-09-30 -0.48
2017-06-30 -0.44
2017-03-31 -0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Flex LNG is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Flex LNG's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Flex LNG has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0QQA Past Performance

  How has Flex LNG performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Flex LNG's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Flex LNG has delivered over 20% year on year earnings growth in the past 5 years.
  • Flex LNG's 1-year earnings growth exceeds its 5-year average (44% vs 40.6%)
  • Flex LNG's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (44% vs 1.9%).
Earnings and Revenue History
Flex LNG's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Flex LNG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0QQA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 119.97 16.97 7.51
2019-09-30 104.07 8.35 7.44
2019-06-30 93.27 9.06 6.28
2019-03-31 81.30 10.12 5.71
2018-12-31 77.21 11.78 4.64
2018-09-30 48.97 -2.19 3.67
2018-06-30 39.72 -7.40 3.37
2018-03-31 40.68 -11.20 3.43
2017-12-31 27.33 -10.41 3.41
2017-09-30 19.47 -11.84 2.65
2017-06-30 9.71 -8.34 2.30
2017-03-31 1.70 -2.36 1.90
2016-12-31 -1.79 1.48
2016-09-30 -2.31 2.04
2016-06-30 -2.27 2.00
2016-03-31 -2.36 2.10
2015-12-31 -2.49 2.23
2015-09-30 -2.71 2.15
2015-06-30 -2.67 2.63
2015-03-31 -2.56 2.57
2014-12-31 -2.64 2.71
2014-09-30 -2.42 2.93
2014-06-30 206.91 3.13
2014-03-31 206.40 3.63
2013-12-31 205.46 4.56
2013-09-30 -85.91 -5.54
2013-06-30 -297.62 -3.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Flex LNG has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Flex LNG used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Flex LNG has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Flex LNG's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Flex LNG has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0QQA Health

 How is Flex LNG's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Flex LNG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Flex LNG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Flex LNG's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Flex LNG's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Flex LNG Company Filings, last reported 3 months ago.

DB:0QQA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 839.27 781.22 129.01
2019-09-30 820.76 740.68 56.50
2019-06-30 820.16 569.02 26.39
2019-03-31 824.01 449.13 45.56
2018-12-31 827.32 454.97 54.93
2018-09-30 516.75 460.81 16.57
2018-06-30 515.50 482.43 77.58
2018-03-31 518.36 270.00 38.98
2017-12-31 520.10 160.00 9.96
2017-09-30 518.84 160.00 11.88
2017-06-30 522.94 160.00 18.75
2017-03-31 205.94 7.00 1.44
2016-12-31 205.94 7.00 1.44
2016-09-30 206.08 7.00 2.43
2016-06-30 206.60 7.00 2.79
2016-03-31 207.24 7.00 3.18
2015-12-31 207.63 7.00 3.72
2015-09-30 208.29 7.00 4.40
2015-06-30 208.77 7.00 5.02
2015-03-31 209.50 7.00 5.59
2014-12-31 210.02 7.00 6.73
2014-09-30 210.82 0.00 0.26
2014-06-30 210.85 0.00 0.44
2014-03-31 211.33 0.00 0.88
2013-12-31 211.78 0.00 1.52
2013-09-30 212.21 0.00 3.22
2013-06-30 3.20 0.00 3.91
  • Flex LNG's level of debt (93.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.3% vs 93.1% today).
  • Debt is not well covered by operating cash flow (6.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Flex LNG's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Flex LNG has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0QQA Dividends

 What is Flex LNG's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.04%
Current annual income from Flex LNG dividends. Estimated to be 12.06% next year.
If you bought €2,000 of Flex LNG shares you are expected to receive €161 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Flex LNG's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Flex LNG's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:0QQA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0QQA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.77 2.00
2021-12-31 0.64 2.00
2020-12-31 0.40 2.00
2020-04-08
DB:0QQA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.400 8.306
2019-11-20 0.400 4.530

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Flex LNG has stable dividend payments.
  • Flex LNG only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Flex LNG's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Flex LNG's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Flex LNG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Flex LNG has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0QQA Management

 What is the CEO of Flex LNG's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Øystein Kalleklev
AGE 39
TENURE AS CEO 1.7 years
CEO Bio

Mr. Øystein M. Kalleklev has been Chief Executive Officer of Flex LNG Ltd since August 2018 and served as Chief Financial Officer since October 2, 2017. Mr. Kalleklev has extensive experience in the shipping and energy sectors and capital markets experience to FLEX LNG. He served as Chief Financial Officer of Knutsen NYK Offshore Tankers AS from 2013 and Chairman of the General Partner of NYSE-listed KNOT Offshore Partners LP until recently this year. Mr. Kalleklev also worked for industrial investment company Umoe Group from 2006 to 2011, acting as Chief Financial Officer beginning in 2008. At Umoe, he was also a Board Member of Umoe Gas Carriers as well as the Managing Director of the investment company Umoe Invest. In addition Mr. Kalleklev was Partner at investment bank Clarksons Platou from 2011 to 2013 and a business consultant for various energy companies while working for Accenture from 2005 to 2006. Mr. Kalleklev holds a MSc degree in Business Administration from Norwegian School of Economics (NHH) and a BA in Business and Finance from Heriot-Watt University.

CEO Compensation
  • Insufficient data for Øystein to compare compensation growth.
  • Insufficient data for Øystein to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Flex LNG management team in years:

1.7
Average Tenure
  • The average tenure for the Flex LNG management team is less than 2 years, this suggests a new team.
Management Team

Øystein Kalleklev

TITLE
Chief Executive Officer
AGE
39
TENURE
1.7 yrs

Harald Gurvin

TITLE
Chief Financial Officer
AGE
44
TENURE
1.3 yrs

Thomas Thorkildsen

TITLE
Senior Vice President of Business Development
TENURE
3.2 yrs

H. Foss

TITLE
Head of Commercial & Operation Flex LNG Management AS
TENURE
1.7 yrs

Thorolf Aurstad

TITLE
Senior Vice President of Finance

Ben Martin

TITLE
Chief Commercial Officer
TENURE
0.3 yrs

Lars Pedersen

TITLE
Chief Technical Officer of Frontline Management & MD of Flex Fleet Management

James Ayers

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Flex LNG board of directors in years:

2.8
Average Tenure
55.5
Average Age
  • The average tenure for the Flex LNG board of directors is less than 3 years, this suggests a new board.
Board of Directors

David McManus

TITLE
Chairman of the Board
COMPENSATION
$100K
AGE
66
TENURE
8.6 yrs

Nikolai Grigoriev

TITLE
Independent Director
COMPENSATION
$40K
AGE
45
TENURE
2.6 yrs

Marius Hermansen

TITLE
Independent Director
COMPENSATION
$40K
AGE
40
TENURE
4.3 yrs

Ola Lorentzon

TITLE
Independent Director
COMPENSATION
$40K
AGE
70
TENURE
2.8 yrs

Joao Saraiva e Silva

TITLE
Director
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Flex LNG individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Mar 20 Buy Nikolai Grigoriev Individual 23. Mar 20 23. Mar 20 16,400 €3.51 €57,568
10. Mar 20 Buy Greenwich Holdings Ltd. Company 10. Mar 20 10. Mar 20 135,000 €4.61 €622,549
09. Mar 20 Buy Greenwich Holdings Ltd. Company 09. Mar 20 09. Mar 20 310,000 €4.57 €1,415,490
06. Mar 20 Buy Greenwich Holdings Ltd. Company 06. Mar 20 06. Mar 20 100,000 €5.01 €501,086
26. Feb 20 Buy H. Foss Individual 26. Feb 20 26. Feb 20 5,000 €5.87 €29,373
26. Feb 20 Buy Øystein Kalleklev Individual 26. Feb 20 26. Feb 20 5,000 €5.88 €29,422
26. Feb 20 Buy Harald Gurvin Individual 26. Feb 20 26. Feb 20 5,000 €5.88 €29,422
27. Nov 19 Buy Harald Gurvin Individual 27. Nov 19 27. Nov 19 3,000 €8.47 €25,424
17. Sep 19 Buy Øystein Kalleklev Individual 17. Sep 19 17. Sep 19 5,000 €8.92 €44,579
12. Jul 19 Buy H. Foss Individual 12. Jul 19 12. Jul 19 1,014 €11.12 €11,277
14. Jun 19 Buy Øystein Kalleklev Individual 14. Jun 19 14. Jun 19 5,000 €9.74 €48,687
X
Management checks
We assess Flex LNG's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Flex LNG has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0QQA News

Simply Wall St News

0QQA Company Info

Description

Flex LNG Ltd., through its subsidiaries, engages in the transportation of liquefied natural gas worldwide. The company has a total fleet of four LNG carriers. It also provides chartering and management services. Flex LNG Ltd. was founded in 2006 and is based in Hamilton, Bermuda.

Details
Name: Flex LNG Ltd.
0QQA
Exchange: DB
Founded: 2006
NOK247,588,711
54,110,584
Website: http://www.flexlng.com
Address: Flex LNG Ltd.
Par-La-Ville Place,
4th Floor,
Hamilton,
1593,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB FLNG Ordinary Shares Oslo Bors NO NOK 09. Jun 2017
NYSE FLNG Ordinary Shares New York Stock Exchange US USD 09. Jun 2017
DB 0QQA Ordinary Shares Deutsche Boerse AG DE EUR 09. Jun 2017
LSE 0RQ8 Ordinary Shares London Stock Exchange GB NOK 09. Jun 2017
Number of employees
Current staff
Staff numbers
6
Flex LNG employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 23:19
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.