Stocktoria

Flex LNG Ltd. FLNG

NYSE · stock · Water Transportation · website · IPO 2009-10-30 · LEI

Flex LNG Ltd. statistics & valuation

Market cap$1.6B
P / E20.9×
P / S4.5×
P / B2.2×
Dividend yield10.36%
Net margin21.5%
Return on equity10.4%
Net debt$1.4B
Net debt / EBITDA5.6×
Enterprise value USD$3.0B
EV / EBITDA11.8×
Earnings yield EBIT/EV5.9%
Return on capital7.2%
Graham number -31.1%$20.32

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($20.32); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
15.30% 14.10% 4.90% 47.20% 54.00% 32.40% 33.00% 21.50% 20182019202020212022202320242025
Gross margin (%)
20182019202020212022202320242025
Operating margin (%)
37.60% 45.90% 46.00% 58.60% 57.70% 58.50% 55.50% 50.60% 20182019202020212022202320242025
Return on equity (%)
1.40% 2.00% 1.00% 18.20% 20.70% 14.20% 14.60% 10.40% 20182019202020212022202320242025
Shares outstanding
54.1M 54.2M 54.3M 53.3M 53.7M 54.0M 54.1M 54.1M 20182019202020212022202320242025
Net debt ($)
$376.7M $656.9M $1.29B $1.45B $1.40B $1.42B $1.39B $1.41B 20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
0.90% 1.00% 0.40% 6.30% 7.00% 4.40% 4.40% 2.90% 20182019202020212022202320242025
Free cash flow margin (%)
20182019202020212022202320242025
Debt / equity (×)
0.52× 0.94× 1.70× 1.86× 1.91× 2.15× 2.26× 2.59× 20182019202020212022202320242025
EPS ($)
$0.31 $0.15 $3.04 $3.51 $2.22 $2.18 $1.38 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Flex LNG Ltd. trades at about 21.4× earnings — above its 10-year norm (10-year range 6.5×–53.8×, median 13.5×).

6.5× 53.8×

Shaded band = 10-year range (6.5×–53.8×); dot = today's 21.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating margin50.6%55.5%58.5%57.7%58.6%46.0%45.9%37.6%
Net margin21.5%33.0%32.4%54.0%47.2%4.9%14.1%15.3%
Return on assets2.9%4.4%4.4%7.0%6.3%0.4%1.0%0.9%
Return on equity10.4%14.6%14.2%20.7%18.2%1.0%2.0%1.4%
Debt / equity2.59×2.26×2.15×1.91×1.86×1.70×0.94×0.52×
Current ratio3.032.992.892.311.711.202.491.70

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.