FLNG
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 10.47 | 12.97 | ||
| Price to Sales | 3.47 | 4.21 | ||
| Book Value Per Common Share | 14.91 | 15.77 | 16.90 | 16.74 |
| Price to Book | 1.54 | 1.84 | ||
| Price to Operating Cash Flow | 6.76 | 8.92 | ||
| Price to Free Cash Flow | 6.76 | 8.92 | ||
| Enterprise Value to EBITDA | 41517.86 | 51677.59 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 81.29 | 66.61 | 65.69 | 27.31 | 79.50 |
| Price to Sales | 15.91 | 13.83 | 14.06 | 13.61 | 15.15 |
| Book Value Per Common Share | 13.65 | 14.09 | 14.51 | 14.91 | 14.83 |
| Price to Book | 1.85 | 1.56 | 1.58 | 1.54 | 1.72 |
| Price to Operating Cash Flow | 36.60 | 44.21 | 30.95 | 23.67 | 28.46 |
| Price to Free Cash Flow | 36.60 | 44.21 | 30.95 | 23.67 | 28.46 |
| Enterprise Value to EBITDA | 228893.33 | 194836.23 | 209204.34 | 138247.63 | 219289.79 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -2.23 | -36.54 | 16.12 | |
| Revenue YoY | -3.95 | 6.64 | 1.30 | |
| EBITDA YoY | -1.10 | -10.31 | 16.85 | |
| Net Profit YoY | -1.96 | -36.16 | 15.93 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | -6.06 | -5.71 | -58.33 | 162.50 | |
| Revenue YoY | -0.35 | -2.77 | -2.75 | 0.50 | |
| EBITDA YoY | -2.41 | 2.66 | -33.77 | 43.03 | |
| Net Profit YoY | -5.08 | -5.39 | -58.58 | 159.75 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 8.12 | 7.64 | 6.25 | 3.76 |
| Quick Ratio | 2.91 | 2.81 | 2.24 | 1.64 |
| Current Ratio | 2.99 | 2.89 | 2.31 | 1.71 |
| Debt to Equity | 2.31 | 2.20 | 1.95 | 1.89 |
| Long-Term Debt to Equity | 2.11 | 2.02 | 1.79 | 1.75 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 8.85 | 7.63 | 7.57 | 8.10 | 5.37 |
| Quick Ratio | 2.75 | 2.75 | 2.67 | 2.91 | 2.12 |
| Current Ratio | 3.10 | 2.84 | 2.77 | 2.99 | 2.21 |
| Debt to Equity | 2.63 | 2.45 | 2.35 | 2.31 | 2.15 |
| Long-Term Debt to Equity | 2.39 | 2.23 | 2.14 | 2.11 | 1.97 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 4.41 | 4.43 | 7.02 | 6.30 |
| ROE | 14.59 | 14.16 | 20.73 | 18.24 |
| Gross Margin | 58.25 | 61.35 | 60.29 | 60.87 |
| Operating Margin | 62.69 | 61.68 | 76.09 | 63.63 |
| EBITDA Margin | 83.87 | 81.45 | 96.85 | 83.96 |
| Net Profit Margin | 33.02 | 32.35 | 54.05 | 47.23 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 0.63 | 0.67 | 0.71 | 1.69 | 0.69 |
| ROE | 2.28 | 2.33 | 2.39 | 5.61 | 2.17 |
| Gross Margin | 51.16 | 53.33 | 56.29 | 57.77 | 58.97 |
| Operating Margin | 46.82 | 48.89 | 46.23 | 77.80 | 48.34 |
| EBITDA Margin | 69.51 | 70.97 | 67.22 | 98.71 | 69.35 |
| Net Profit Margin | 19.63 | 20.61 | 21.18 | 49.73 | 19.24 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | ||
| Dividend Payout Ratio | 137.38 | 150.97 | 98.96 | 60.99 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividend Payout Ratio | 241.21 | 228.94 | 216.61 | 89.71 | 232.09 |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 2,668,939.00 | 2,709,193.00 | 2,679,512.00 | 2,572,921.00 |
| Current Assets | 474,379.00 | 443,061.00 | 354,048.00 | 224,891.00 |
| Cash and Short-Term Investments | 437,154.00 | 410,425.00 | 332,329.00 | 200,652.00 |
| Cash and Cash Equivalents | 437,154.00 | 410,425.00 | 332,329.00 | 200,652.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 25,610.00 | 19,928.00 | 10,447.00 | 14,781.00 |
| Inventory | 4,824.00 | 5,091.00 | 5,260.00 | 6,453.00 |
| Other Current Assets | 6,791.00 | 7,617.00 | 6,012.00 | 3,005.00 |
| Non-Current Assets | 2,194,560.00 | 2,266,132.00 | 2,325,464.00 | 2,348,030.00 |
| Property, Plant, Equipment Net | 2,154,469.00 | 2,217,303.00 | 2,269,949.00 | 2,342,168.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 40,091.00 | 48,829.00 | 55,515.00 | 5,862.00 |
| Liabilities | 1,862,306.00 | 1,861,540.00 | 1,772,422.00 | 1,683,534.00 |
| Current Liabilities | 158,777.00 | 153,267.00 | 153,198.00 | 131,587.00 |
| Payables and Expenses | 13,363.00 | 16,474.00 | 22,808.00 | 14,971.00 |
| Account Payables | 2,002.00 | 3,508.00 | 1,794.00 | 2,016.00 |
| Current Accrued Liabilities | 10,838.00 | 12,582.00 | 20,686.00 | 12,607.00 |
| Short-Term Debt | 106,708.00 | 103,870.00 | 95,507.00 | 81,472.00 |
| Other Current Liabilities | 38,706.00 | 32,923.00 | 34,883.00 | 35,144.00 |
| Non-Current Liabilities | 1,703,529.00 | 1,708,273.00 | 1,619,224.00 | 1,551,947.00 |
| Long-Term Debt | 1,703,529.00 | 1,708,273.00 | 1,619,224.00 | 1,551,947.00 |
| Other Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity | 806,633.00 | 847,653.00 | 907,090.00 | 889,387.00 |
| Shareholders Equity | 806,633.00 | 847,653.00 | 907,090.00 | 889,387.00 |
| Capital Stock | 545.00 | 5,452.00 | 5,452.00 | 5,411.00 |
| Share Premium | 1,087,803.00 | 1,204,634.00 | 1,203,407.00 | 1,189,060.00 |
| Retained Earnings | -277,491.00 | -354,873.00 | -293,687.00 | -295,635.00 |
| Treasury Shares | 4,224.00 | 7,560.00 | 8,082.00 | 9,449.00 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 1,810,237.00 | 1,812,143.00 | 1,714,731.00 | 1,633,419.00 |
| Net Debt | 1,373,083.00 | 1,401,718.00 | 1,382,402.00 | 1,432,767.00 |
| Common Shares Outstanding | 54,087.77 | 53,736.32 | 53,682.14 | 53,130.58 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 356,349.00 | 371,022.00 | 347,917.00 | 343,448.00 |
| Cost Of Revenue | 148,768.00 | 143,398.00 | 138,155.00 | 134,404.00 |
| Interest Income | 4,467.00 | 4,868.00 | 2,005.00 | 41.00 |
| Interest Expense | 105,588.00 | 108,724.00 | 76,596.00 | 56,221.00 |
| Non-Interest Expense | 9,788.00 | 10,467.00 | 9,147.00 | 7,887.00 |
| Gross Profit | 207,581.00 | 227,624.00 | 209,762.00 | 209,044.00 |
| Operating Expenses | 9,788.00 | 10,467.00 | 9,147.00 | 7,887.00 |
| Selling, General and Administrative Expenses | 9,788.00 | 10,467.00 | 9,147.00 | 7,887.00 |
| Operating Income | 197,793.00 | 217,157.00 | 200,615.00 | 201,157.00 |
| Net Non-Operating Income | 0 | 0 | 0 | -1,209.00 |
| EBT | 117,816.00 | 120,117.00 | 188,140.00 | 162,304.00 |
| Income Tax | 132.00 | 78.00 | 98.00 | 99.00 |
| Net Income Including Non-Controlling Interests | 117,684.00 | 120,039.00 | 188,042.00 | 162,205.00 |
| Net Income | 117,684.00 | 120,039.00 | 188,042.00 | 162,205.00 |
| EBIT | 223,404.00 | 228,841.00 | 264,736.00 | 218,525.00 |
| Deprecation and Amortization | 75,482.00 | 73,363.00 | 72,224.00 | 69,833.00 |
| EBITDA | 298,886.00 | 302,204.00 | 336,960.00 | 288,358.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 53,851.30 | 53,697.59 | 53,198.01 | 53,319.41 |
| Average Shares Outstanding Diluted | 54,028.95 | 53,985.69 | 53,523.87 | 53,340.29 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 182,799.00 | 175,034.00 | 219,882.00 | 214,844.00 |
| Operating Net Income | 117,684.00 | 120,039.00 | 188,042.00 | 162,205.00 |
| Deprecation and Amortization | 75,482.00 | 73,363.00 | 72,224.00 | 69,833.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 1,063.00 | 1,749.00 | 331.00 | -1,273.00 |
| Change in Working Capital | -664.00 | -19,164.00 | 14,414.00 | 6,581.00 |
| Other Operating Activities | -10,766.00 | -953.00 | -55,129.00 | -22,502.00 |
| Investing Cash Flow | -4.00 | -2.00 | -5.00 | -265,934.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -4.00 | -2.00 | -5.00 | -265,934.00 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -155,606.00 | -96,541.00 | -88,761.00 | 123,103.00 |
| Net Issuance/Repayment of Debt | -3,209.00 | 93,829.00 | 80,258.00 | 233,162.00 |
| Net Issuance/Repurchase of Equity | 1,909.00 | 0 | 15,424.00 | -7,788.00 |
| Dividends Paid | -161,674.00 | -181,225.00 | -186,094.00 | -98,932.00 |
| Other Financing Activities | 7,368.00 | -9,145.00 | 1,651.00 | -3,339.00 |
| Net Change in Cash | 27,189.00 | 78,491.00 | 131,116.00 | 72,013.00 |
| Cash at Beginning of Period | 410,544.00 | 332,401.00 | 201,170.00 | 128,962.00 |
| Cash at End of Period | 437,203.00 | 410,544.00 | 332,401.00 | 201,170.00 |
| Free Cash Flow | 182,795.00 | 175,032.00 | 219,877.00 | -51,090.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 2,679,057.00 | 2,627,563.00 | 2,627,858.00 | 2,668,939.00 | 2,529,744.00 |
| Current Assets | 540,292.00 | 469,980.00 | 460,255.00 | 474,379.00 | 332,490.00 |
| Cash and Short-Term Investments | 478,726.00 | 412,681.00 | 409,618.00 | 437,154.00 | 289,519.00 |
| Cash and Cash Equivalents | 478,726.00 | 412,681.00 | 409,618.00 | 437,154.00 | 289,519.00 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 158.00 | 42,479.00 | 34,014.00 | 25,610.00 | 28,124.00 |
| Inventory | 7,784.00 | 4,805.00 | 5,029.00 | 4,824.00 | 4,968.00 |
| Other Current Assets | 53,624.00 | 10,015.00 | 11,594.00 | 6,791.00 | 9,879.00 |
| Non-Current Assets | 2,138,765.00 | 2,157,583.00 | 2,167,603.00 | 2,194,560.00 | 2,197,254.00 |
| Property, Plant, Equipment Net | 2,119,184.00 | 2,130,428.00 | 2,138,525.00 | 2,154,469.00 | 2,171,739.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 19,581.00 | 27,155.00 | 29,078.00 | 40,091.00 | 25,515.00 |
| Liabilities | 1,940,781.00 | 1,865,539.00 | 1,843,010.00 | 1,862,306.00 | 1,727,816.00 |
| Current Liabilities | 174,324.00 | 165,768.00 | 166,086.00 | 158,777.00 | 150,124.00 |
| Payables and Expenses | 10,379.00 | 28,821.00 | 26,678.00 | 13,363.00 | 17,043.00 |
| Account Payables | 9,238.00 | 2,465.00 | 3,720.00 | 2,002.00 | 2,381.00 |
| Current Accrued Liabilities | 0 | 25,530.00 | 22,659.00 | 10,838.00 | 14,293.00 |
| Short-Term Debt | 108,181.00 | 105,914.00 | 106,855.00 | 106,708.00 | 95,361.00 |
| Other Current Liabilities | 55,764.00 | 31,033.00 | 32,553.00 | 38,706.00 | 37,720.00 |
| Non-Current Liabilities | 1,766,457.00 | 1,699,771.00 | 1,676,924.00 | 1,703,529.00 | 1,577,692.00 |
| Long-Term Debt | 1,766,373.00 | 1,696,278.00 | 1,676,924.00 | 1,703,529.00 | 1,577,692.00 |
| Other Non-Current Liabilities | 84.00 | 3,493.00 | 0.00 | 0.00 | 0.00 |
| Equity | 738,276.00 | 762,024.00 | 784,848.00 | 806,633.00 | 801,928.00 |
| Shareholders Equity | 738,276.00 | 762,024.00 | 784,848.00 | 806,633.00 | 801,928.00 |
| Capital Stock | 545.00 | 545.00 | 545.00 | 545.00 | 545.00 |
| Share Premium | 966,181.00 | 1,006,747.00 | 1,047,290.00 | 1,087,803.00 | 1,128,315.00 |
| Retained Earnings | -224,226.00 | -241,044.00 | -258,763.00 | -277,491.00 | -322,708.00 |
| Treasury Shares | 4,224.00 | 4,224.00 | 4,224.00 | 4,224.00 | 4,224.00 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,874,554.00 | 1,802,192.00 | 1,783,779.00 | 1,810,237.00 | 1,673,053.00 |
| Net Debt | 279,790.00 | 309,126.00 | 323,988.00 | 1,373,083.00 | 466,344.00 |
| Common Shares Outstanding | 54,087.77 | 54,087.77 | 54,087.77 | 54,087.77 | 54,087.77 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 85,680.00 | 85,983.00 | 88,437.00 | 90,934.00 | 90,483.00 |
| Cost Of Revenue | 41,849.00 | 40,130.00 | 38,655.00 | 38,405.00 | 37,121.00 |
| Interest Income | 975.00 | 1,263.00 | 869.00 | 1,471.00 | 937.00 |
| Interest Expense | 23,279.00 | 24,306.00 | 22,127.00 | 25,466.00 | 26,316.00 |
| Non-Interest Expense | 1,825.00 | 1,924.00 | 2,530.00 | 2,651.00 | 1,876.00 |
| Gross Profit | 43,831.00 | 45,853.00 | 49,782.00 | 52,529.00 | 53,362.00 |
| Operating Expenses | 1,825.00 | 1,924.00 | 2,530.00 | 2,651.00 | 1,876.00 |
| Selling, General and Administrative Expenses | 1,825.00 | 1,924.00 | 2,530.00 | 2,651.00 | 1,876.00 |
| Operating Income | 42,006.00 | 43,929.00 | 47,252.00 | 49,878.00 | 51,486.00 |
| EBT | 16,836.00 | 17,735.00 | 18,761.00 | 45,279.00 | 17,426.00 |
| Income Tax | 18.00 | 16.00 | 33.00 | 62.00 | 18.00 |
| Net Income Including Non-Controlling Interests | 16,818.00 | 17,719.00 | 18,728.00 | 45,217.00 | 17,408.00 |
| Net Income | 16,818.00 | 17,719.00 | 18,728.00 | 45,217.00 | 17,408.00 |
| EBIT | 40,115.00 | 42,041.00 | 40,888.00 | 70,745.00 | 43,742.00 |
| Deprecation and Amortization | 19,439.00 | 18,984.00 | 18,557.00 | 19,015.00 | 19,012.00 |
| EBITDA | 59,554.00 | 61,025.00 | 59,445.00 | 89,760.00 | 62,754.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 54,087.77 | 54,087.77 | 54,087.77 | 53,939.77 | 53,881.49 |
| Average Shares Outstanding Diluted | 54,095.71 | 54,095.51 | 54,094.15 | 53,956.02 | 54,036.14 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 37,238.00 | 26,890.00 | 40,179.00 | 52,283.00 | 48,166.00 | 0 |
| Operating Net Income | 16,818.00 | 17,719.00 | 18,728.00 | 45,217.00 | 17,408.00 | 0 |
| Deprecation and Amortization | 19,439.00 | 18,984.00 | 18,557.00 | 19,015.00 | 19,012.00 | 0 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 0 | 23.00 | 53.00 | 54.00 | 288.00 | 0 |
| Change in Working Capital | 1,955.00 | -6,661.00 | -5,865.00 | 3,592.00 | 566.00 | 0 |
| Other Operating Activities | -974.00 | -3,175.00 | 8,706.00 | -15,595.00 | 10,892.00 | 0 |
| Investing Cash Flow | 0 | 0 | 0 | 0 | -4.00 | 0 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | 0 | 0 | 0 | 0 | -4.00 | 0 |
| Net Purchase/Sale of Investments Net | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0.00 | 0 |
| Financing Cash Flow | 28,840.00 | -24,369.00 | -67,664.00 | 95,833.00 | -129,000.00 | 0 |
| Net Issuance/Repayment of Debt | 72,341.00 | 18,196.00 | -27,098.00 | 137,086.00 | -87,334.00 | 0 |
| Net Issuance/Repurchase of Equity | 0 | 0 | 0 | 0 | 0 | 884.00 |
| Dividends Paid | -40,566.00 | -40,566.00 | -40,566.00 | -40,566.00 | -40,403.00 | 0 |
| Other Financing Activities | 0 | -1,999.00 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 66,078.00 | 2,521.00 | -27,485.00 | 0 | -80,838.00 | -13,175.00 |
| Cash at Beginning of Period | 412,737.00 | 410,052.00 | 437,203.00 | 0 | 370,255.00 | 383,339.00 |
| Cash at End of Period | 478,802.00 | 412,737.00 | 410,052.00 | 0 | 289,573.00 | 370,255.00 |
| Free Cash Flow | 37,238.00 | 26,890.00 | 40,179.00 | 52,283.00 | 48,166.00 | 0 |