Flex LNG Ltd. FLNG
Last close
—
Market cap
—
52-week range
— - —
No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS1.38
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $347.6M | $356.3M | $371.0M | $347.9M | $343.4M | $164.5M | $120.0M | $77.2M | $27.3M | — |
| SG&A | $8.0M | $9.8M | $10.5M | $9.1M | $7.9M | $6.3M | $7.5M | $4.6M | $3.4M | — |
| Operating income | $175.8M | $197.8M | $217.2M | $200.6M | $201.2M | $75.6M | $55.0M | $29.0M | -$12.6M | — |
| Interest expense | $92.6M | $105.6M | $108.7M | $76.6M | $56.2M | $41.8M | $33.9M | $17.8M | $234.0K | — |
| Pre-tax income | $74.9M | $117.8M | $120.1M | $188.1M | $162.3M | $8.2M | $17.1M | $11.8M | -$10.4M | — |
| Income tax | $82.0K | $132.0K | $78.0K | $98.0K | $99.0K | $84.0K | $182.0K | $10.0K | $17.0K | — |
| Net income | $74.8M | $117.7M | $120.0M | $188.0M | $162.2M | $8.1M | $17.0M | $11.8M | -$10.4M | — |
| EPS, basic | 1.38 | 2.19 | 2.24 | 3.53 | 3.04 | 0.15 | 0.31 | — | — | — |
| EPS, diluted | 1.38 | 2.18 | 2.22 | 3.51 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | — |
| Shares, diluted (wtd. avg.) | 54.1M | 54.0M | 54.0M | 53.5M | 53.3M | 54.3M | 54.2M | 40.6M | 30.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $447.6M | $437.2M | $410.5M | $332.4M | $201.2M | $129.0M | $129.1M | $55.1M | $10.0M | $1.4M |
| Receivables | $392.0K | $1.4M | $447.0K | $4.9M | $5.3M | $4.0M | $5.4M | $0 | — | — |
| Inventory | $9.0M | $4.8M | $5.1M | $5.3M | $6.5M | $3.7M | $2.7M | $915.0K | — | — |
| Total current assets | $503.3M | $474.4M | $443.1M | $354.0M | $224.9M | $157.8M | $143.9M | $60.4M | — | — |
| Property, plant and equipment | $2.10B | $2.15B | $2.22B | $2.27B | $2.34B | $1.86B | $1.15B | $812.5M | — | — |
| Total assets | $2.62B | $2.67B | $2.71B | $2.68B | $2.57B | $2.30B | $1.64B | $1.29B | — | — |
| Accounts payable | $10.5M | $2.0M | $3.5M | $1.8M | $2.0M | $3.4M | $582.0K | $592.0K | — | — |
| Short-term debt | $109.6M | $106.7M | $103.9M | $95.5M | $81.5M | $64.5M | $34.6M | $23.4M | — | — |
| Total current liabilities | $165.8M | $158.8M | $153.3M | $153.2M | $131.6M | $131.8M | $57.7M | $35.5M | — | — |
| Long-term debt | $1.74B | $1.70B | $1.71B | $1.62B | $1.55B | $1.34B | $744.3M | $431.6M | — | — |
| Total liabilities | $1.90B | $1.86B | $1.86B | $1.77B | $1.68B | $1.47B | $802.0M | $467.1M | — | — |
| Retained earnings | -$202.7M | -$277.5M | -$354.9M | -$293.7M | -$295.6M | -$358.9M | $356.2M | -$367.8M | — | — |
| Total equity | $719.3M | $806.6M | $847.7M | $907.1M | $889.4M | $835.2M | $839.3M | $827.3M | $520.2M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $140.7M | $182.8M | $175.0M | $219.9M | $214.8M | $89.3M | $51.5M | $35.7M | -$17.8M | — |
| Depreciation and amortisation | $76.6M | $75.5M | $73.4M | $72.2M | $69.8M | $41.8M | $28.7M | $17.4M | $2.0K | — |
| Stock-based compensation | $76.0K | $1.1M | $1.7M | $331.0K | -$1.3M | $284.0K | $324.0K | $202.0K | $115.0K | — |
| Capital expenditure | — | — | — | — | — | $0 | $0 | $232.5M | $3.8M | — |
| Investing cash flow | $0 | -$4.0K | -$2.0K | -$5.0K | -$265.9M | -$691.4M | -$291.5M | -$584.4M | -$77.7M | — |
| Financing cash flow | -$130.7M | -$155.6M | -$96.5M | -$88.8M | $123.1M | $603.3M | $314.0M | $593.9M | $104.0M | — |
| Dividends paid | $162.3M | $161.7M | $181.2M | $186.1M | $98.9M | $10.8M | $5.4M | $0 | $0 | — |
| Buybacks | — | — | $0 | $0 | $7.8M | $1.7M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012574.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $27.3M | $77.2M | $120.0M | $164.5M | $343.4M | $347.9M | $371.0M | $356.3M | $347.6M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | — | -$10.4M | $11.8M | $17.0M | $8.1M | $162.2M | $188.0M | $120.0M | $117.7M | $74.8M |
Others in SIC 4400
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| RCL | ROYAL CARIBBEAN CRUISES LTD | $73.95B | 17.7x | 8.8% |
| CCL | Carnival Corp Ltd. | $35.76B | 12.9x | 6.4% |
| KEX | KIRBY CORP | $7.03B | 21.0x | 3.0% |
| NCLH | Norwegian Cruise Line Holdings Ltd. | $6.93B | 16.4x | 3.7% |
| MATX | Matson, Inc. | $6.84B | 16.6x | -2.3% |
| INSW | International Seaways, Inc. | $5.49B | 17.8x | -11.4% |
| TDW | TIDEWATER INC | $4.28B | 13.0x | 0.5% |
| OMEX | ODYSSEY MARINE EXPLORATION INC | $32.6M | — | -54.0% |