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FLNG
Flex LNG Ltd.
NYSE· Energy· Oil & Gas Midstream· CUSIP G35947202
$27.94+0.04%Price as of Oct 23, 00:54 UTC · updated once a day, after the close
At a glance
Flex LNG Ltd. (FLNG) is listed on NYSE and classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in Hamilton, Bermuda and has 9 employees. The company is worth $1.51B and trades at 14.7x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $347.64M in fiscal 2025, down 2.4% from the year before. Net income was $74.82M. The share price is 16.3% below its 52-week high of $33.40. It pays a dividend yielding 10.74%. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Renaissance Technologies, at $24.56M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $1.51B
- P/E
- 14.7x
- Forward P/E
- 13.0x
- P/B
- 2.2x
- Dividend yield
- 10.74%
- Payout
- 157.89%
- EPS
- $1.90
- ROE
- 14.03%
- Profit margin
- 28.50%
- Revenue growth
- +24.20%
- Beta
- 0.24
- 52-week high
- $33.40
- 52-week low
- $24.14
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Renaissance TechnologiesReducedRenaissance Technologies · Q2 2026$24.56M875.4K shares · 0.0% of portfolio
- Two SigmaReducedTwo Sigma Investments · Q2 2026$17.72M631.55K shares · 0.0% of portfolio
Ken GriffinReducedCitadel Advisors · Q2 2026$9M320.89K shares · 0.0% of portfolio- Steve CohenAddedPoint72 Asset Management · Q2 2026$7.38M263.03K shares · 0.0% of portfolio
- Cliff AsnessAddedAQR Capital Management · Q2 2026$3.39M120.93K shares · 0.0% of portfolio
Price over time
▲ +16.7% over 5Y.
today you would have $2,509.20▲ +150.9%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 7 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Year-end price | $24.95 | $22.94 | $29.06 | $32.69 | $23.49 | $8.75 | $10.90 | |
| P/E | 13.1x | 18.1x | 10.5x | 13.1x | 9.3x | 7.7x | 58.3x | 35.2x |
| P/S | 3.9x | 3.9x | 3.5x | 4.2x | 5.0x | 3.6x | 2.9x | 4.9x |
| P/B | 1.5x | 1.9x | 1.5x | 1.9x | 1.9x | 1.4x | 0.6x | 0.7x |
| EPS | $1.38 | $2.18 | $2.22 | $3.51 | $3.04 | $0.15 | $0.31 | |
| Dividend yield | 10.71% | 15.03% | 13.08% | 11.61% | 10.71% | 7.88% | 2.29% | 0.92% |
| Payout | 133.33% | 271.74% | 137.61% | 152.03% | 99.72% | 60.86% | 133.33% | 32.26% |
| Profit margin | 32.35% | 21.52% | 33.02% | 32.35% | 54.05% | 47.23% | 4.93% | 14.14% |
| ROE | 14.16% | 10.40% | 14.59% | 14.16% | 20.73% | 18.24% | 0.97% | 2.02% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$23.56
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$67.90
Earnings growing 25.0% a year plus a 10.7% dividend yield. Growth capped at 25%.
Earnings
$28.01
Median P/E of 14.7 among peers in the sector.
Earnings
$24.87
Median P/E of 13.1 across this company’s own years on record.
Cash flow
$62.84
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$12.13
Sector median of 8.2x operating profit, less net debt. Banks have no EBITDA.
Dividends
$263.75
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $36.09 (avg. of 4)+Cash flow $62.84+Operating $12.13+Dividends $263.75÷ 4 =$93.70
$93.70
7 methods answered, across 4 families.
$70.28
Room for errors in the reported numbers.
$27.94
+235.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| DMLPDorchester Minerals L.p | $30.43 | 17.4x | 4.8x | 10.48% | 28.02% | $1.49B |
| PBTPermian Basin Royalty Trust | $33.14 | 94.7x | 11046.7x | 0.72% | 9976.58% | $1.54B |
| TENTsakos Energy Navigation Ltd | $51.65 | 5.2x | 0.8x | 3.87% | 17.22% | $1.56B |
| NEXTNextDecade Corp | $5.91 | — | — | 0.00% | -15.76% | $1.57B |
| GFRGreenfire Resources Ltd. | $6.57 | — | 1.0x | 0.00% | -3.63% | $1.58B |
| NATNORDIC AMERICAN TANKERS Ltd | $7.54 | 12.8x | 3.3x | 14.32% | 25.66% | $1.6B |
About the company
- 9
- Hamilton, Bermuda