FLEX LNG Ltd (FLNG) - Net Assets
Based on the latest financial reports, FLEX LNG Ltd (FLNG) has net assets worth $698.20 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.58 Billion) and total liabilities ($1.89 Billion). 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. Check FLNG strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $698.20 Million |
| % of Total Assets | 27.02% |
| Annual Growth Rate | 1.74% |
| 5-Year Change | -19.13% |
| 10-Year Change | 249.25% |
| Growth Volatility | 853.52 |
FLEX LNG Ltd - Net Assets Trend (2008–2025)
This chart illustrates how FLEX LNG Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see FLEX LNG Ltd (FLNG) total market value.
Annual Net Assets for FLEX LNG Ltd (2008–2025)
The table below shows the annual net assets of FLEX LNG Ltd from 2008 to 2025. Also explore FLEX LNG Ltd (FLNG) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $719.26 Million | -10.83% |
| 2024-12-31 | $806.63 Million | -4.84% |
| 2023-12-31 | $847.65 Million | -6.55% |
| 2022-12-31 | $907.09 Million | +1.99% |
| 2021-12-31 | $889.39 Million | +6.49% |
| 2020-12-31 | $835.17 Million | -0.49% |
| 2019-12-31 | $839.26 Million | +1.44% |
| 2018-12-31 | $827.32 Million | +59.07% |
| 2017-12-31 | $520.10 Million | +152.55% |
| 2016-12-31 | $205.94 Million | -0.81% |
| 2015-12-31 | $207.63 Million | -1.14% |
| 2014-12-31 | $210.02 Million | -0.83% |
| 2013-12-31 | $211.78 Million | +3625.26% |
| 2012-12-31 | $5.68 Million | -98.20% |
| 2011-12-31 | $316.41 Million | -26.50% |
| 2010-12-31 | $430.50 Million | -24.45% |
| 2009-12-31 | $569.79 Million | +6.25% |
| 2008-12-31 | $536.29 Million | -- |
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 decreased by 20267600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $545.00K | 0.08% |
| Other Comprehensive Income | $221.27 Million | 30.76% |
| Other Components | $700.12 Million | 97.34% |
| Total Equity | $719.26 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 |
|---|---|
|
Pebblebrook Hotel Trust
NYSE:PEB
|
$1.67 Billion |
|
CITIC Guoan Information Industry Co Ltd
SHE:000839
|
$1.67 Billion |
|
CETC Digital Technology Co Ltd
SHG:600850
|
$1.67 Billion |
|
Forvia SE
PA:FRVIA
|
$1.67 Billion |
|
PHARVARIS N.V. EO -12
F:9EN
|
$1.67 Billion |
|
Dampskibsselskabet Norden AS
CO:DNORD
|
$1.67 Billion |
|
Zotye Automobile Co Ltd
SHE:000980
|
$1.67 Billion |
|
Molymet
SN:MOLYMET
|
$1.67 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 2024 to 2025, total equity changed from 806,633,000 to 719,257,000, a change of -87,376,000 (-10.8%).
- Net income of 74,815,000 contributed positively to equity growth.
- Dividend payments of 162,267,000 reduced retained earnings.
- Other comprehensive income increased equity by 221,268,000.
- Other factors decreased equity by 221,192,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $74.81 Million | +10.4% |
| Dividends Paid | $162.27 Million | -22.56% |
| Other Comprehensive Income | $221.27 Million | +30.76% |
| Other Changes | $-221.19 Million | -30.75% |
| Total Change | $- | -10.83% |
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: 2.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.52x to 2.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $61.14 | $31.92 | x |
| 2009-12-31 | $47.51 | $31.92 | x |
| 2010-12-31 | $38.11 | $31.92 | x |
| 2011-12-31 | $26.31 | $31.92 | x |
| 2012-12-31 | $0.45 | $31.92 | x |
| 2013-12-31 | $16.80 | $31.92 | x |
| 2014-12-31 | $16.59 | $31.92 | x |
| 2015-12-31 | $16.24 | $31.92 | x |
| 2016-12-31 | $16.10 | $31.92 | x |
| 2017-12-31 | $16.91 | $31.92 | x |
| 2018-12-31 | $20.38 | $31.92 | x |
| 2019-12-31 | $15.47 | $31.92 | x |
| 2020-12-31 | $15.39 | $31.92 | x |
| 2021-12-31 | $16.67 | $31.92 | x |
| 2022-12-31 | $16.95 | $31.92 | x |
| 2023-12-31 | $15.70 | $31.92 | x |
| 2024-12-31 | $14.93 | $31.92 | x |
| 2025-12-31 | $13.30 | $31.92 | 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): 10.40%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.52%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.65x
- Recent ROE (10.40%) is above the historical average (-286.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -2.23% | 0.00% | 0.00x | 1.02x | $-65.61 Million |
| 2009 | -1.89% | 0.00% | 0.00x | 1.08x | $-63.83 Million |
| 2010 | -25.24% | 0.00% | 0.00x | 1.03x | $-151.71 Million |
| 2011 | -42.97% | 0.00% | 0.00x | 1.13x | $-167.60 Million |
| 2012 | -5255.90% | 0.00% | 0.00x | 1.20x | $-299.37 Million |
| 2013 | 97.02% | 0.00% | 0.00x | 1.00x | $184.28 Million |
| 2014 | -1.25% | 0.00% | 0.00x | 1.04x | $-23.64 Million |
| 2015 | -1.20% | 0.00% | 0.00x | 1.04x | $-23.25 Million |
| 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 |
| 2025 | 10.40% | 21.52% | 0.13x | 3.65x | $2.89 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: $818,501,958
- Average return on equity (ROE) among peers: 177.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FLEX LNG Ltd (FLNG) | $698.20 Million | -2.23% | 2.70x | $1.67 Billion |
| Antero Midstream Partners LP (AM) | $30.86 Million | 1435.59% | 0.55x | $10.12 Billion |
| CBL International Limited Ordinary Shares (BANL) | $25.29 Million | 4.50% | 1.11x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $25.01 Million | 58.25% | 0.00x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $284.93 Million |
| BW LPG Limited (BWLP) | $983.62 Million | -6.82% | 1.30x | $3.30 Billion |
| Cheniere Energy Partners LP (CQP) | $715.00 Million | 164.34% | 26.11x | $29.93 Billion |
| Cheniere Energy Partners LP (CQP) | $639.00 Million | 76.68% | 26.47x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $1.13 Billion | 18.63% | 0.41x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $326.49 Million | 1.11% | 2.26x | $136.80 Million |
| DT Midstream Inc (DTM) | $4.23 Billion | 7.38% | 0.97x | $12.24 Billion |
About FLEX LNG Ltd
FLEX LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of December 31, 2025, its fleet consists of 13 LNG carriers in operation. The company was incorporated in 2006 and is based in Hamilton, Bermuda.