Flex LNG Ltd. chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 6.68
Dividend & YieldN/A£ (N/A)
Beta 0.28
Market capitalization 156.61M
Operating cash flow 218.24M
ESG Scores unknown

Company description

Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.

Sector: - Industry:

Financial Ratios
Quick Ratio1.66
Working Capital1.74
Return On Equity0.18
Debt To Equity0.95
Fixed Asset Ratio0.76
Fixed Interest Cover5.15

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 472k 10.01M 15.56M 175k
Total Cashflows From Investing Activities -584.43M -291.54M -691.39M -265.93M
Net Borrowings 298.54M 324.42M 633.34M 233.16M
Total Cash From Financing Activities 593.86M 314M 603.32M 123.1M
Change To Operating Activities 6.22M -3.57M -6.92M 10.42M
Issuance Of Stock 295.31M
Net Income 11.78M 16.97M 8.11M 162.21M
Change In Cash 45.14M 74M -136k 72.21M
Effect Of Exchange Rate 19k 19k -1.37M 195k
Total Cash From Operating Activities 35.71M 51.53M 89.3M 214.84M
Depreciation 17.41M 28.75M 38.17M 63.56M
Change To Account Receivables -1.72M -5.42M 1.38M -1.22M
Other Cashflows From Financing Activities -5.01M -5.01M -17.54M -3.34M
Change To Netincome -435k 2.04M 27.91M -29.92M
Capital Expenditures -584.43M -291.54M -691.39M -265.93M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 11.77M 17.15M 8.19M 162.3M
Net Income 11.78M 16.97M 8.11M 162.21M
Selling General Administrative 4.64M 7.51M 6.3M 7.89M
Gross Profit 51.05M 91.26M 123.77M 278.88M
Ebit 29M 55.01M 75.62M 201.16M
Operating Income 29M 55.01M 75.62M 201.16M
Interest Expense -17.78M -38.82M -66.99M -39.03M
Income Tax Expense -10k 182k 84k 99k
Total Revenue 77.21M 119.97M 164.46M 343.45M
Cost Of Revenue 26.16M 28.71M 40.7M 64.57M
Total Other Income ExpenseNet -17.23M -37.86M -67.43M -38.85M
Net Income From Continuing Ops 11.78M 16.97M 8.11M 162.21M
Net Income Applicable To Common Shares 11.78M 16.97M 8.11M 162.21M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 467.06M 802.02M 1.47B 1.68B
Total Stockholder Equity 827.32M 839.26M 835.17M 889.39M
Other Current Liabilities 4.86M 13.29M 26.25M 30.41M
Total Assets 1.29B 1.64B 2.3B 2.57B
Common Stock 5.41M 5.41M 5.41M 5.41M
Other Current Assets 165k 93k 84k 518k
Retained Earnings -367.75M -356.19M -358.91M -295.63M
Treasury Stock -1.66M -9.45M
Cash 54.93M 129M 128.88M 200.65M
Total Current Liabilities 35.46M 57.73M 131.83M 131.59M
Other Stockholder Equity
Property, Plant, and Equipment 812.49M 1.15B 1.86B 2.34B
Total Current Assets 60.42M 143.89M 157.84M 224.89M
Net Tangible Assets 827.32M 839.26M 835.17M 889.39M
Net Receivables 3.9M 9.32M 13.88M 14.78M
Accounts Payable 592k 582k 3.37M 2.02M


Insider Transactions

Here are the insider transactions of stock shares related to Flex LNG Ltd.:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Flex LNG Ltd.. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Flex LNG Ltd.

Here is the result of two systematic investment strategies applied to Flex LNG Ltd.. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Flex LNG Ltd.

The following chart shows the equity curve of the two systematic investment strategies applied to Flex LNG Ltd.:

Flex LNG Ltd. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 0% on the backtest period.

Performance at glance

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

0.0 %
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Momentum strategy results on Flex LNG Ltd.

This is the result of two momentum investment strategies applied to Flex LNG Ltd.. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Flex LNG Ltd.

The following chart shows all the entries opened by the momentum investment system on Flex LNG Ltd.:

Flex LNG Ltd. momentum entries
  • The first momentum investment strategy would give 0.0% of return on Flex LNG Ltd.. That represents 0.0£ of latent gain with 318.66£ of employed capital.
  • The second momentum investment strategy would give 0% of return on Flex LNG Ltd.. That represents 0.0£ of latent gain with 0.0£ of employed capital.
Performance at glance (1Q Momentum)

Performance

0.0 %

Latent gain

0.0 £

Invested capital

318.66 £

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

-0.0 %

Momentum equity curve on Flex LNG Ltd.

The following chart shows the equity curve of the two momentum strategies applied to Flex LNG Ltd.:

Flex LNG Ltd. momentum equity

Note: the dividends potentially given by Flex LNG Ltd. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Flex LNG Ltd.

The following chart shows the employed capital evolution of the two momentum strategies on Flex LNG Ltd. since the beginning:

Flex LNG Ltd.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250£, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000£.


Buy the dip strategy result on Flex LNG Ltd.

Buy the dip entry openings on Flex LNG Ltd.

Flex LNG Ltd.

The performance achieved by the robo-advisor on Flex LNG Ltd. is 0%. That represents 0.0$ of latent gain with 0.0£ of employed capital. The following chart shows Flex LNG Ltd. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Flex LNG Ltd., and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 £

Invested capital

0.0 £

Annualized return

-0.0 %

Equity curve of the strategy applied to Flex LNG Ltd.

The following chart shows the result of the investment strategy applied to Flex LNG Ltd.:

Flex LNG Ltd.

Note: the dividends potentially given by Flex LNG Ltd. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Flex LNG Ltd.

The following chart shows the employed capital evolution since the beginning of the investment strategy on Flex LNG Ltd.:

Flex LNG Ltd.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Flex LNG Ltd.

In this section, I will compare the three previous investment strategies applied to Flex LNG Ltd..

Equity curve comparison on Flex LNG Ltd.

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Flex LNG Ltd. investment strategy comparison

Employed capital comparison on Flex LNG Ltd.

Flex LNG Ltd. investment comparison

Performance comparison on Flex LNG Ltd.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 0% 0.0£ 0.0£ 0.0%
Momentum 1 quarter 0.0% 0.0£ 318.66£ 0.0%
Momentum 2 quarters 0% 0.0£ 0.0£ -0.0%
Non-directional 0% 0.0£ 0.0£ -0.0%
Annualized return comparison

Automatic investment

0.0 %

Momentum 1Q

-0.0 %

Momentum 2Q

-0.0 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Flex LNG Ltd.:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Flex LNG Ltd. and the other stocks. There may be false positives or some missing correlated stocks. If the price of Flex LNG Ltd. does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Flex LNG Ltd.
Country Bermuda
City Hamilton
Address Par-La-Ville Place
Phone
Website www.flexlng.com
FullTime employees 8
Industry
Sector
Exchange XLON
Ticker 0RQ8.XLON
Market www.londonstockexchange.com

Flex LNG Ltd. ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown