Discounted Cash Flow

Flex LNG Ltd. Foreign

FLNG · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $27.3m $-10.4m $-17.8m -38.1% $-0.34
2018 $77.2m (182.5%) $11.8m (213.2%) $35.7m (301.2%) 15.3% (140.1%) $0.29 (185.3%)
2019 $120.0m (55.4%) $17.0m (44.0%) $51.5m (44.3%) 14.1% (-7.3%) $0.31 (6.9%)
2020 $164.5m (37.1%) $8.1m (-52.2%) $8.1m (-84.3%) 4.9% (-65.2%) $0.15 (-51.6%)
2021 $343.4m (108.8%) $162.2m (1901.3%) $-51.1m (-730.4%) 47.2% (858.3%) $3.04 (1926.7%)
2022 $347.9m (1.3%) $188.0m (15.9%) $219.9m (530.4%) 54.0% (14.4%) $3.53 (16.1%)
2023 $371.0m (6.6%) $120.0m (-36.2%) $175.0m (-20.4%) 32.4% (-40.1%) $2.24 (-36.5%)
2024 $356.3m (-4.0%) $117.7m (-2.0%) $182.8m (4.4%) 33.0% (2.1%) $2.19 (-2.2%)
2025 $347.6m (-2.4%) $74.8m (-36.4%) $140.7m (-23.0%) 21.5% (-34.8%) $1.38 (-37.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model