FLEX LNG Ltd (FLNG) - Net Assets

Latest as of June 2025: Nkr762.02 Million NOK ≈ $80.19 Million USD

Based on the latest financial reports, FLEX LNG Ltd (FLNG) has net assets worth Nkr762.02 Million NOK (≈ $80.19 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.63 Billion ≈ $276.50 Million USD) and total liabilities (Nkr1.87 Billion ≈ $196.31 Million 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. Check FLNG asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr762.02 Million
% of Total Assets	29.0%
Annual Growth Rate	8.31%
5-Year Change	-3.42%
10-Year Change	288.49%
Growth Volatility	851.8

FLEX LNG Ltd - Net Assets Trend (2007–2024)

This chart illustrates how FLEX LNG Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of FLEX LNG Ltd for the complete picture of this company's asset base.

Annual Net Assets for FLEX LNG Ltd (2007–2024)

The table below shows the annual net assets of FLEX LNG Ltd from 2007 to 2024. For live valuation and market cap data, see how much is FLEX LNG Ltd worth.

Year	Net Assets	Change
2024-12-31	Nkr806.63 Million ≈ $84.88 Million	-4.84%
2023-12-31	Nkr847.65 Million ≈ $89.20 Million	-6.55%
2022-12-31	Nkr907.09 Million ≈ $95.45 Million	+1.99%
2021-12-31	Nkr889.39 Million ≈ $93.59 Million	+6.49%
2020-12-31	Nkr835.17 Million ≈ $87.88 Million	-0.49%
2019-12-31	Nkr839.26 Million ≈ $88.31 Million	+1.44%
2018-12-31	Nkr827.32 Million ≈ $87.06 Million	+59.07%
2017-12-31	Nkr520.10 Million ≈ $54.73 Million	+152.55%
2016-12-31	Nkr205.94 Million ≈ $21.67 Million	-0.81%
2015-12-31	Nkr207.63 Million ≈ $21.85 Million	-1.14%
2014-12-31	Nkr210.02 Million ≈ $22.10 Million	-0.83%
2013-12-31	Nkr211.78 Million ≈ $22.29 Million	+3625.26%
2012-12-31	Nkr5.68 Million ≈ $598.23K	-98.20%
2011-12-31	Nkr316.41 Million ≈ $33.30 Million	-26.50%
2010-12-31	Nkr430.50 Million ≈ $45.30 Million	-24.45%
2009-12-31	Nkr569.79 Million ≈ $59.96 Million	+6.25%
2008-12-31	Nkr536.29 Million ≈ $56.43 Million	+158.29%
2007-12-31	Nkr207.63 Million ≈ $21.85 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 27749100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	Nkr545.00K	0.07%
Other Components	Nkr1.08 Billion	134.33%
Total Equity	Nkr806.63 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
O-I Glass Inc NYSE:OI	$1.45 Billion
Beijing Winsunny Pharmaceutical CO.LTD SHG:601089	$1.45 Billion
TBO Tek Ltd NSE:TBOTEK	$1.45 Billion
Selcuk Ecza Deposu Ticaret ve Sanayi AS IS:SELEC	$1.45 Billion
Radiant Opto-Electronics Corp TW:6176	$1.45 Billion
Edifier Technology Co Ltd SHE:002351	$1.45 Billion
Custom Truck One Source Inc NYSE:CTOS	$1.45 Billion
IGNITIS GRUPE SP.GDR/1 F:IGV	$1.45 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.
Share repurchases of 1,909,000 reduced equity.
New share issuances of 1,909,000 increased equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Nkr117.68 Million	+14.59%
Dividends Paid	Nkr161.67 Million	-20.04%
Share Repurchases	Nkr1.91 Million	-0.24%
Share Issuances	Nkr1.91 Million	+0.24%
Other Changes	Nkr2.97 Million	+0.37%
Total Change	Nkr-	-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: 17.03x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 4.15x to 17.03x 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	Nkr61.14	Nkr254.00	x
2009-12-31	Nkr47.51	Nkr254.00	x
2010-12-31	Nkr38.11	Nkr254.00	x
2011-12-31	Nkr26.31	Nkr254.00	x
2012-12-31	Nkr0.45	Nkr254.00	x
2013-12-31	Nkr16.80	Nkr254.00	x
2014-12-31	Nkr16.59	Nkr254.00	x
2015-12-31	Nkr16.24	Nkr254.00	x
2016-12-31	Nkr16.10	Nkr254.00	x
2017-12-31	Nkr16.91	Nkr254.00	x
2018-12-31	Nkr20.38	Nkr254.00	x
2019-12-31	Nkr15.47	Nkr254.00	x
2020-12-31	Nkr15.38	Nkr254.00	x
2021-12-31	Nkr16.67	Nkr254.00	x
2022-12-31	Nkr16.95	Nkr254.00	x
2023-12-31	Nkr15.70	Nkr254.00	x
2024-12-31	Nkr14.91	Nkr254.00	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 (-303.79%), 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	Nkr-65.61 Million
2009	-1.89%	0.00%	0.00x	1.08x	Nkr-63.83 Million
2010	-25.24%	0.00%	0.00x	1.03x	Nkr-151.71 Million
2011	-42.97%	0.00%	0.00x	1.13x	Nkr-167.60 Million
2012	-5255.90%	0.00%	0.00x	1.20x	Nkr-299.37 Million
2013	97.02%	0.00%	0.00x	1.00x	Nkr184.28 Million
2014	-1.25%	0.00%	0.00x	1.04x	Nkr-23.64 Million
2015	-1.20%	0.00%	0.00x	1.04x	Nkr-23.25 Million
2016	-0.87%	0.00%	0.00x	1.04x	Nkr-22.38 Million
2017	-2.00%	-38.08%	0.04x	1.32x	Nkr-62.42 Million
2018	1.42%	15.26%	0.06x	1.56x	Nkr-70.95 Million
2019	2.02%	14.14%	0.07x	1.96x	Nkr-66.96 Million
2020	0.97%	4.93%	0.07x	2.76x	Nkr-75.41 Million
2021	18.24%	47.23%	0.13x	2.89x	Nkr73.27 Million
2022	20.73%	54.05%	0.13x	2.95x	Nkr97.33 Million
2023	14.16%	32.35%	0.14x	3.20x	Nkr35.27 Million
2024	14.59%	33.02%	0.13x	3.31x	Nkr37.02 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: $515,806,048
Average return on equity (ROE) among peers: 4.49%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
FLEX LNG Ltd (FLNG)	Nkr762.02 Million	-2.23%	2.45x	$1.45 Billion
Awilco LNG ASA (ALNG)	$127.03 Million	-25.04%	2.15x	$57.05 Million
Frontline Ltd (FRO)	$1.21 Billion	42.66%	2.79x	$7.89 Billion
Hoegh LNG Partners LP (HLNG)	$696.09 Million	1.16%	2.74x	$187.76 Million
Hunter Group ASA (HUNT)	$30.43 Million	-0.81%	0.09x	$83.27 Million

About FLEX LNG Ltd

OL:FLNG Norway Oil & Gas Midstream

Market Cap

$1.45 Billion

Nkr13.74 Billion NOK

Market Cap Rank

#7531 Global

#60 in Norway

Share Price

Nkr254.00

Change (1 day)

+1.60%

52-Week Range

Nkr220.50 - Nkr277.00

All Time High

Nkr359.63