Stock fact sheet · data as of
FLEX LNG Ltd (FLNG): fair value, margin of safety and Wheel Score
Industrials · Marine Shipping · Bermuda · High Yield Income
Is FLNG undervalued?
FLEX LNG Ltd (FLNG) closed at 28.64 on 16 Oct 2026. The GLS average fair value - the simple average of the 9 valuation models that produced a positive number - is 36.02, so the price sits 20% below it. 4 of the 9 models value the shares above the current price. A margin of safety between 10% and 30% is where most of the Sunday Scan candidates come from.
There is a wide gap between Lynch (2.59) and DCF (95.91). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files FLNG under High Yield Income: a dividend yield above 4%.
Nine valuation models for FLNG
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 95.91 | +235% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 23.56 | -18% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 20.84 | -27% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.59 | -91% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 5.56 | -81% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 56.43 | +97% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 54.06 | +89% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 44.14 | +54% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 21.10 | -26% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -25.91 | -190% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 25.00 | -13% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
FLEX LNG Ltd scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.6/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 2.9%, ROE 10.4%, ROA 2.9% - with debt at 2.57 times equity and a free-cash-flow yield of 9.8%. Debt of 2.57 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 10.47% (payout ratio 156%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 4/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 2.9% |
|---|---|---|---|
| GLS Moat | 3.6 / 10 | ROE | 10.4% |
| Debt / equity | 2.57 | ROA | 2.9% |
| Free-cash-flow yield | 9.8% | Payout ratio | 156% |
| Institutions | 4 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 69: Good
With a Wheel Score of 69 - the Good band - FLEX LNG Ltd falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 21/25, Health 13/20, Moat 5/15, Premium 16/20, Stability 13/20; Moat (5/15) scores lowest.
Implied volatility is 31% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (16 of 20 points). Chain open interest is 19,006 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 480k shares a day on a market cap of $1.5B, with a beta of 0.16 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 21 / 25 | 20% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 5 / 15 | moat 3.6/10 | |
| Premium | 16 / 20 | implied volatility 31% | |
| Stability | 13 / 20 | 480k shares/day, $1.5B cap, beta 0.16 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 27 Nov 2026 (before the open), 42 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Marine Shipping
The 12 companies below are the closest to FLEX LNG Ltd by market cap within the Marine Shipping industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| GSL Global Ship Lease, Inc. | 42.00 | 128.81 | +67% | 79Good | $1.5B |
| NAT Nordic American Tankers Limited | 7.82 | 6.67 | -17% | 58Fair | $1.7B |
| CMRE Costamare Inc. | 14.28 | 20.68 | +31% | 76Good | $1.7B |
| SFL SFL Corporation Ltd | 13.05 | 17.27 | +24% | 76Good | $1.7B |
| NVGS Navigator Holdings Ltd. | 21.92 | 57.76 | +62% | 86Prime | $1.3B |
| CCEC Capital Clean Energy Carriers Corp. | 20.25 | 17.09 | -18% | 50Fair | $1.2B |
| GNK Genco Shipping & Trading Limited | 24.93 | 12.01 | -108% | 47Weak | $1.1B |
| NMM Navios Maritime Partners L.P. | 89.19 | 158.69 | +44% | 82Prime | $2.5B |
| SB Safe Bulkers, Inc. | 8.22 | 9.29 | +11% | 73Good | $936M |
| DAC Danaos Corporation | 158.72 | 279.74 | +43% | 77Good | $2.9B |
| ECO Okeanis Eco Tankers Corp. | 89.18 | 94.88 | +6% | 70Good | $2.9B |
| ASC Ardmore Shipping Corporation | 18.98 | 22.71 | +16% | 71Good | $775M |
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Start free See the Sunday ScanQuestions about FLNG
Is FLNG undervalued right now?
By the GLS models, moderately: at 28.64 the stock trades 20% below the average fair value of 36.02 (data as of 16 Oct 2026).
What is the Wheel Score of FLNG and what does it mean?
FLNG scores 69 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for FLNG?
36.02 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does FLEX LNG Ltd report earnings next?
The next earnings report is due on 27 Nov 2026 (before the open), 42 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does FLNG have listed options, and how liquid are they?
Yes. The nightly snapshot found 192 listed contracts with 19,006 open interest across all expiries and implied volatility of 31% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.