FLEX LNG Ltd. Ordinary Shares (FLNG)

FairStock Score: 34/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach a shipping company by asking what it owns, what it earns, and what I must pay. Flex LNG runs 13 LNG carriers with only 9 employees, so it is a hard-asset, capital-intensive operation. In fiscal Q2 2026, revenue was $106.8 million and net income was $44.9 million, a 42% net margin. The supplied figures also show revenue growth of 24.21% and profit growth of 153.12%, so current results are strong. But the balance sheet is not conservative: debt-to-equity is 2.55 and the Altman Z-score is 0.72, while ROCE is only 4.29%, a reminder that ships and debt can cut both ways. FairStock's calculation gives a Piotroski F-score of 8/9, which is a good sign for recent fundamentals. The stock closed at $30.51 on 2026-10-13. On that price, FairStock shows a P/E of 16.06, P/B of 2.35, FCF yield of 9.5%, dividend yield of 9.25%, and EV/EBITDA of 11.57. The Graham Number is $23.57, so the price is about 29.44% above that asset-earnings yardstick. PEG of 0.10 and beta of 0.16 look attractive if the growth and low volatility persist, but a negative margin of safety and high leverage demand caution. Flex LNG is not a wide-moat business I can see from these facts, and there is no Lynch category because only 0 years of filed annual results are available, not the three needed. I would want charter coverage, debt maturities, and through-cycle cash flow before calling it a bargain.

In plain English: Flex LNG runs a fleet of 13 ships that carry liquefied natural gas across the sea. The latest quarter showed a healthy profit, and the business produces a lot of cash while paying a big dividend. At the recent price of $30.51, the shares look a little expensive compared with the value suggested by its assets and earnings, so they are not an obvious bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer