Intrinsiqq
Flex LNG Ltd. logoFlex LNG Ltd.FLNG
$28.52+2.06%
Flex LNG Ltd. logo

Flex LNG Ltd.

FLNG

$28.52

+$0.57 (+2.06%)

⊜ Compare
ProfitabilityStrong marginsGrowthDecliningCash FlowStrong conversionValuationFairly valued
What stands out

50.57% operating margin is above average. ROIC at 6.78%. Capital returns lag the margin, which points to a capital-intensive business.

What's changing

Revenue declined 2.4% in the fiscal year ended Dec 2025. Margins deteriorated 4.9pp alongside, both lines moving the wrong way.

What deserves caution

Free cash flow declined 23% in the fiscal year ended Dec 2025 versus the year before, cash generation momentum has weakened. Net debt of $1.40B represents 10.0x FCF, leverage limits flexibility.

Valuation context

20.66x earnings, 10.96x FCF. A middle-of-the-range multiple: the price assumes roughly the current trajectory.

Price History

+12.8%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$1.54B
EPS$1.38
P/E20.66
P/FCF10.96
EV/EBITDA16.74
FCF Yield9.1%
Div. Yield10.52%
Net Debt/FCF10.0x
52-Week Range
$24.34$33.27

Profitability & Returns

Revenue (TTM)

$348M

▼ -2.4% YoY

Net Income (TTM)

$75M

▼ -36.4% YoY

Op. Margin

50.57%

▼ -4.9pp YoY

ROIC

6.78%

▼ -0.7pp YoY

Cash Flow & Balance Sheet

FCF (TTM)

$141M

▼ -23.0% YoY

Op. Cash Flow (TTM)

$141M

▼ -23.0% YoY

Net Debt

$1.40B

Cash & Equiv.

$448M

5Y CAGR: +16.1%

5Y CAGR: +9.5%

Continue Research

SourceComputed from the 10-K filed 27 Feb 2026, covering the period ending 31 Dec 2025, as reported to the SEC. Data last refreshed 17 Apr 2026. How this is calculated.

Price from market data, live as of 23 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is Flex LNG (FLNG) overvalued?

At a P/E of 20.7 and a price-to-free-cash-flow of 11.0, Flex LNG (FLNG) trades above a two-stage DCF intrinsic value of about $19.20 per share, so at $28.52 the stock looks overvalued (32.7% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, Flex LNG scores 28/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 10.5%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is Flex LNG's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $19.20 per share for FLNG, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $14.40. At today's $28.52, that puts the stock about 32.7% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is Flex LNG a high-quality business?+

Flex LNG scores 28 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 50.6% operating margin and a 6.8% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does Flex LNG (FLNG) pay a dividend, and how much?+

Yes, Flex LNG pays a regular dividend of about $3.00 per share per year (typically in quarterly installments), a yield of roughly 10.5% at the current price. That is a payout ratio of about 216.9% of earnings, so the dividend is stretched at this level. Flex LNG has grown the dividend at roughly 13.2% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FLNG's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is Flex LNG a good stock to buy right now?+

That depends on valuation and quality together, not either alone. FLNG currently trades above its estimated intrinsic value and scores 28/100 on quality (lower-quality). It also yields about 10.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Water Transportation

Spot a number that looks wrong? Check it in FLNG's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.