Flex Lng Ltd. (FLNG) intrinsic value & 10-year financials
Flex Lng Ltd. (FLNG) has a Graham intrinsic value of $45.84 per share. Over the last 10 fiscal years revenue grew 37.4% a year to $347.6M, with an average return on invested capital of 5.8%.
- Graham intrinsic value
- $45.84
- Revenue (FY2025)
- $347.6M
- Revenue growth (10-yr CAGR)
- 37.4%
- ROIC (10-yr avg)
- 5.8%
- Free cash flow (FY2025)
- —
FLNG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $347.6M | $74.8M | $1.38 | — | 50.6% | 8.2% |
| FY2024 | $356.3M | $117.7M | $2.18 | $182.8M | 55.5% | 8.9% |
| FY2023 | $371.0M | $120.0M | $2.22 | $175.0M | 58.5% | 9.6% |
| FY2022 | $347.9M | $188.0M | $3.51 | $219.9M | 57.7% | 8.7% |
| FY2021 | $343.4M | $162.2M | $3.04 | $214.8M | 58.6% | 9.1% |
| FY2020 | $164.5M | $8.1M | $0.15 | $89.3M | 46.0% | 4.2% |
| FY2019 | $120.0M | $17.0M | $0.31 | $51.5M | 45.9% | 4.0% |
| FY2018 | $77.2M | $11.8M | — | $35.7M | 37.6% | 2.4% |
| FY2017 | $27.3M | -$10.4M | — | -$17.8M | -46.2% | -2.4% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Flex LNG Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Flex LNG Ltd. has historically struggled to out-earn its cost of capital, averaging just 6.9% ROIC.
Flex LNG Ltd. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Flex LNG Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $45.84 per share.