FLEX LNG Ltd (0QQA) - Net Assets
Based on the latest financial reports, FLEX LNG Ltd (0QQA) has net assets worth €738.28 Million EUR (≈ $863.12 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.68 Billion ≈ $3.13 Billion USD) and total liabilities (€1.94 Billion ≈ $2.27 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore how efficiently does FLEX LNG Ltd generate cash to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €738.28 Million |
| % of Total Assets | 27.56% |
| Annual Growth Rate | 18.61% |
| 5-Year Change | -3.42% |
| 10-Year Change | N/A |
| Growth Volatility | 51.7 |
FLEX LNG Ltd - Net Assets Trend (2016–2024)
This chart illustrates how FLEX LNG Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see 0QQA market cap.
Annual Net Assets for FLEX LNG Ltd (2016–2024)
The table below shows the annual net assets of FLEX LNG Ltd from 2016 to 2024. Read 0QQA total liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €806.63 Million ≈ $943.04 Million |
-4.84% |
| 2023-12-31 | €847.65 Million ≈ $991.00 Million |
-6.55% |
| 2022-12-31 | €907.09 Million ≈ $1.06 Billion |
+1.99% |
| 2021-12-31 | €889.39 Million ≈ $1.04 Billion |
+6.49% |
| 2020-12-31 | €835.17 Million ≈ $976.41 Million |
-0.49% |
| 2019-12-31 | €839.26 Million ≈ $981.19 Million |
+1.44% |
| 2018-12-31 | €827.32 Million ≈ $967.23 Million |
+59.07% |
| 2017-12-31 | €520.10 Million ≈ $608.05 Million |
+152.55% |
| 2016-12-31 | €205.94 Million ≈ $240.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to FLEX LNG Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9163100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.08 Billion | 134.40% |
| Total Equity | €806.63 Million | 100.00% |
FLEX LNG Ltd Competitors by Market Cap
The table below lists competitors of FLEX LNG Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanjing Panda Electronics Co Ltd
SHG:600775
|
$1.26 Billion |
|
Fujian Aonong Biological Technology Group Incorporation Ltd
SHG:603363
|
$1.26 Billion |
|
Perenti Ltd
AU:PRN
|
$1.26 Billion |
|
Sansteel MinGuang Co Ltd Fujian
SHE:002110
|
$1.26 Billion |
|
Mainstreet Equity Corp.
TO:MEQ
|
$1.26 Billion |
|
ATRESM.C.D.M.ADR/1/EO-75
F:YT2
|
$1.26 Billion |
|
ProAssurance Corporation
NYSE:PRA
|
$1.26 Billion |
|
Hiecise Precision Equipment Co Ltd
SHE:300809
|
$1.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FLEX LNG Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 847,653,000 to 806,633,000, a change of -41,020,000 (-4.8%).
- Net income of 117,684,000 contributed positively to equity growth.
- Dividend payments of 161,674,000 reduced retained earnings.
- New share issuances of 1,909,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €117.68 Million | +14.59% |
| Dividends Paid | €161.67 Million | -20.04% |
| Share Issuances | €1.91 Million | +0.24% |
| Other Changes | €1.06 Million | +0.13% |
| Total Change | €- | -4.84% |
Book Value vs Market Value Analysis
This analysis compares FLEX LNG Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €14.13 | €25.95 | x |
| 2018-12-31 | €15.29 | €25.95 | x |
| 2019-12-31 | €15.51 | €25.95 | x |
| 2020-12-31 | €15.49 | €25.95 | x |
| 2021-12-31 | €16.74 | €25.95 | x |
| 2022-12-31 | €16.90 | €25.95 | x |
| 2023-12-31 | €15.77 | €25.95 | x |
| 2024-12-31 | €14.91 | €25.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FLEX LNG Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.59%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.02%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.31x
- Recent ROE (14.59%) is above the historical average (7.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.87% | 0.00% | 0.00x | 1.04x | €-22.38 Million |
| 2017 | -2.00% | -38.08% | 0.04x | 1.32x | €-62.42 Million |
| 2018 | 1.42% | 15.26% | 0.06x | 1.56x | €-70.95 Million |
| 2019 | 2.02% | 14.14% | 0.07x | 1.96x | €-66.96 Million |
| 2020 | 0.97% | 4.93% | 0.07x | 2.76x | €-75.41 Million |
| 2021 | 18.24% | 47.23% | 0.13x | 2.89x | €73.27 Million |
| 2022 | 20.73% | 54.05% | 0.13x | 2.95x | €97.33 Million |
| 2023 | 14.16% | 32.35% | 0.14x | 3.20x | €35.27 Million |
| 2024 | 14.59% | 33.02% | 0.13x | 3.31x | €37.02 Million |
Industry Comparison
This section compares FLEX LNG Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $6,763,422,714
- Average return on equity (ROE) among peers: 7.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FLEX LNG Ltd (0QQA) | €738.28 Million | -0.87% | 2.63x | $1.26 Billion |
| HENGYANG PETROCHEM (5HY.SG) (5HY) | $549.50 Million | 0.08% | 0.00x | $14.27 Million |
| Nordic American Tankers Limited (B3O) | $888.91 Million | -1.48% | 0.32x | $1.08 Billion |
| Golar LNG Limited (G2O) | $2.90 Billion | 27.16% | 0.48x | $3.88 Billion |
| COSCO SHIPPING Energy Transportation Co. Ltd (HIFH) | $38.99 Billion | 10.36% | 1.08x | $2.84 Billion |
| Scorpio Tankers Inc. (S0QA) | $2.55 Billion | 21.42% | 0.66x | $2.68 Billion |
| Tsakos Energy Navigation Limited (TK41) | $1.29 Billion | -11.72% | 1.24x | $648.35 Million |
| AB Klaipedos nafta (XIC) | $174.72 Million | 5.30% | 0.27x | $130.27 Million |
About FLEX LNG Ltd
FLEX LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. It owns and operates vessels with M-type electronically controlled gas injection LNG carriers, and vessels with generation X dual fuel propulsion systems. The company was incorporated in 2006 and is based in Hamilton, Bermuda.