FLEX LNG Ltd. (FLNG) AI Stock Analysis

Flex LNG Ltd., operating through its subsidiaries, specializes in the global transportation of liquefied natural gas by sea. Headquartered in Hamilton, Bermuda, the company was established in 2006. The company owns and operates a fleet that includes nine M-type electronically controlled gas injection LNG carriers and four vessels equipped with generation X dual fuel propulsion systems as of February 16, 2022. In addition to core shipping operations, Flex LNG Ltd. offers comprehensive chartering and management services, encompassing the leasing and operational oversight of LNG carriers to provide flexible solutions for international energy markets.

Annual revenue grew at a five-year CAGR of 16.1% from FY2020 to FY2025. In FY2021, revenue expanded 108.8% to $343.4M, followed by $347.9M in FY2022 and $371.0M in FY2023. Top-line results subsequently declined 4.0% to $356.3M in FY2024 and fell 2.4% to $347.6M in FY2025. Net income decreased from $188.0M in FY2022 to $120.0M in FY2023, $117.7M in FY2024, and $74.8M in FY2025, bringing net margin to 21.5% and EPS to $1.86. Operating margin stood at 50.6% in FY2025. For the latest quarter ended June 30, 2026, quarterly revenue growth was 24.2% year-over-year, while quarterly earnings growth reached 159.1%.

As of June 30, 2026, FLEX LNG held $397.4M in cash and short-term investments and $2.56B in total assets. Total debt stood at $1.79B, resulting in net debt of $1.40B and a debt-to-equity ratio of 2.55 against shareholders' equity of $702.5M. The current ratio was 2.69. In FY2025, the company generated operating cash flow of $134.9M and free cash flow of $134.9M, while paying $162.3M in dividends. Over five years, the share count changed by 1.5%.

At a last close of $28.23 on October 16, 2026, FLEX LNG carries a market cap of $1.53B and an enterprise value of $3.07B. Its trailing P/E of 15.2x compares to 15.0x for the median of its US-listed Energy peers. Forward P/E is 12.4x against the peer median of 12.7x, while EV to EBITDA is 11.5x versus the peer median of 8.0x. Over the past year, FLNG returned 27.1%, outperforming the S&P 500 (SPY) return of 16.8%. Over five years, FLNG gained 161.0% compared to 83.0% for SPY.

FLEX LNG pays a quarterly dividend with an annual forward dividend of $3.00, resulting in a dividend yield of 10.63%. The payout ratio is 1.5%. The company has paid dividends for 8 consecutive years, delivering a five-year annualized dividend growth rate of 71.9%. Its last ex-dividend date was September 3, 2026.

Wall Street coverage consists of 2 Hold ratings, 3 Strong Sell ratings, and 0 Buy or Strong Buy ratings. The mean price target is $26.12, which sits 7.5% below the last close of $28.23. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $358.2M and EPS of $2.37. For the next fiscal year, 5 analysts project revenue of $352.7M and EPS of $2.15. The company beat EPS estimates in 1 of the last 4 quarters, and the next earnings date is November 11, 2026.

This page is an AI-written research summary of FLEX LNG Ltd. (FLNG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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