FLEX LNG (FLNG) is back in focus after its fourth quarter and full year 2025 results, which featured a combination of lower profits, an earnings miss, an unchanged dividend, and a leadership change at the management level.
See our latest analysis for FLEX LNG.
The shares now trade at US$25.99, with a year to date share price return of 5.35% and a 1 year total shareholder return of 17.81%. The 5 year total shareholder return is very large at over 4x, which suggests long term holders have seen much stronger gains than recent price moves imply.
If FLEX LNG’s earnings miss and leadership change have you reassessing opportunities in energy and infrastructure, it could be a good moment to widen your search with 25 power grid technology and infrastructure stocks.
With profits softer, an earnings miss, a long run of quarterly dividends and a fresh CEO, the big question now is simple: is FLEX LNG quietly undervalued, or is the market already pricing in everything from future growth to risk?
Most Popular Narrative: 0.8% Undervalued
At a last close of $25.99 against a most followed fair value of $26.20, FLEX LNG is framed as only slightly cheaper than that narrative suggests, with the small gap resting on a detailed set of long term LNG shipping assumptions.
The company’s multi-year contract backlog (56 years minimum, up to 85 years with options) and long-term charters secure steady revenue and earnings despite short-term market softness, positioning FLEX LNG to benefit as global LNG trade volumes are projected to rise due to new export capacity coming online, particularly from the US, Qatar, and Africa, boosting future cash flow visibility and net margin stability.
Curious what powers that near match between price and fair value? Revenue ticking up slowly, margins rebuilding, and a future earnings multiple that has to compress from today. The full narrative lays out how those moving pieces fit together and which assumptions matter most.
Result: Fair Value of $26.20 (ABOUT RIGHT)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, that story depends on LNG shipping staying tight enough. Any prolonged oversupply or higher drydocking and environmental compliance costs could potentially squeeze the margins analysts are banking on.
Find out about the key risks to this FLEX LNG narrative.
Build Your Own FLEX LNG Narrative
If you see FLEX LNG differently or prefer to weigh the numbers yourself, you can create a custom narrative in just a few minutes, starting with Do it your way.
A great starting point for your FLEX LNG research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.
Ready to hunt for your next idea?
If FLEX LNG has sharpened your thinking, do not stop here. The right watchlist starts with comparing different strengths, risks, and income profiles side by side.
This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com