(FLNGO) Flex LNG - Ratings and Ratios

Flex LNG Ltd (ST:FLNGO) is a shipping company that transports liquefied natural gas (LNG) and provides related services, operating primarily in the British Virgin Islands. As a subsidiary of Geveran Trading Co. Ltd, the company was founded in 2006 and is headquartered in Road Town. Despite being listed on the Stockholm stock exchange (ST), the companys country of origin is Sweden, and it is classified under the Real Estate Operating Companies sub-industry by GICS, which may be an anomaly given its actual business operations.

To evaluate the companys performance, we can look at key performance indicators (KPIs) such as revenue growth, EBITDA margins, and dividend yield. Although the provided data does not include these metrics, we can infer from the given information that the company has a significant market capitalization of 14,070.03M NOK. The forward P/E ratio of 10.81 suggests that the company is expected to grow its earnings. The Return on Equity (RoE) of 12.83% indicates a relatively healthy profitability. Further analysis could involve examining the companys fleet utilization, contract coverage, and average day rates to gauge its operational efficiency.

From a valuation perspective, the absence of a trailing P/E ratio may indicate that the company has not been profitable in the past year or has reported negative earnings. However, with a forward P/E ratio of 10.81, investors are pricing in expected future earnings growth. To assess the companys valuation, we could compare its P/E ratio to that of its peers in the shipping industry, as well as examine its enterprise value-to-EBITDA (EV/EBITDA) ratio. Additionally, analyzing the companys debt-to-equity ratio and interest coverage ratio could provide insights into its capital structure and ability to meet its financial obligations.