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Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with tonnage offering advantages in form of reduced fuel consumption and lowered boil-off rates.
2006
9
LTM Revenue $3.9B
LTM EBITDA $3.0B
$2.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Flex LNG has a last 12-month revenue of $3.9B and a last 12-month EBITDA of $3.0B.
In the most recent fiscal year, Flex LNG achieved revenue of $33.7M and an EBITDA of $28.3M.
Flex LNG expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Flex LNG valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $35.1M | $33.7M | XXX | XXX | XXX |
| Gross Profit | $19.8M | $21.5M | XXX | XXX | XXX |
| Gross Margin | 57% | 64% | XXX | XXX | XXX |
| EBITDA | $28.6M | $28.3M | XXX | XXX | XXX |
| EBITDA Margin | 81% | 84% | XXX | XXX | XXX |
| Net Profit | $17.8M | $11.3M | XXX | XXX | XXX |
| Net Margin | 51% | 34% | XXX | XXX | XXX |
| Net Debt | $131M | $133M | XXX | XXX | XXX |
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As of April 15, 2025, Flex LNG's stock price is NOK 235 (or $22).
Flex LNG has current market cap of NOK 12.7B (or $1.2B), and EV of NOK 27.3B (or $2.6B).
See Flex LNG trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.6B | $1.2B | XXX | XXX | XXX | XXX | $2.28 |
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Sign UpAs of April 15, 2025, Flex LNG has market cap of $1.2B and EV of $2.6B.
Flex LNG's trades at 7.0x LTM EV/Revenue multiple, and 9.2x LTM EBITDA.
Analysts estimate Flex LNG's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Flex LNG and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $2.6B | XXX | XXX | XXX |
| EV/Revenue | 76.7x | XXX | XXX | XXX |
| EV/EBITDA | 91.5x | XXX | XXX | XXX |
| P/E | 107.8x | XXX | XXX | XXX |
| P/E/Growth | 0.5x | XXX | XXX | XXX |
| EV/FCF | 149.5x | XXX | XXX | XXX |
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Sign UpFlex LNG's NTM/LTM revenue growth is -5%
Flex LNG's revenue per employee for the last fiscal year averaged $3.7M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Flex LNG's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Flex LNG's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Flex LNG and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 84% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -1% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 78% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $3.7M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 3% | XXX | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Fugro | XXX | XXX | XXX | XXX | XXX | XXX |
| SBM Offshore | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Flex LNG acquired XXX companies to date.
Last acquisition by Flex LNG was XXXXXXXX, XXXXX XXXXX XXXXXX . Flex LNG acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Flex LNG founded? | Flex LNG was founded in 2006. |
| Where is Flex LNG headquartered? | Flex LNG is headquartered in Norway. |
| How many employees does Flex LNG have? | As of today, Flex LNG has 9 employees. |
| Who is the CEO of Flex LNG? | Flex LNG's CEO is Mr. Oystein M. Kalleklev. |
| Is Flex LNG publicy listed? | Yes, Flex LNG is a public company listed on OSL. |
| What is the stock symbol of Flex LNG? | Flex LNG trades under FLNG ticker. |
| When did Flex LNG go public? | Flex LNG went public in 2010. |
| Who are competitors of Flex LNG? | Similar companies to Flex LNG include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, Fugro. |
| What is the current market cap of Flex LNG? | Flex LNG's current market cap is $1.2B |
| What is the current revenue of Flex LNG? | Flex LNG's last 12-month revenue is $3.9B. |
| What is the current EBITDA of Flex LNG? | Flex LNG's last 12-month EBITDA is $3.0B. |
| What is the current EV/Revenue multiple of Flex LNG? | Current revenue multiple of Flex LNG is 7.0x. |
| What is the current EV/EBITDA multiple of Flex LNG? | Current EBITDA multiple of Flex LNG is 9.2x. |
| What is the current revenue growth of Flex LNG? | Flex LNG revenue growth between 2023 and 2024 was -4%. |
| Is Flex LNG profitable? | Yes, Flex LNG is EBITDA-positive (as of the last 12 months). |
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