The Return Trends At FLEX LNG (NYSE:FLNG) Look Promising [Yahoo! Finance]
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: Yahoo! Finance
One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, we've noticed some promising trends at FLEX LNG NYSE:FLNG ) so let's look a bit deeper. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for FLEX LNG: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.085 = US$214m ÷ (US$2.7b - US$154m) (Based on the trailing twelve months to March 2024) Therefore, FLEX LNG has an ROCE of 8.5%. In absolute terms, that's a low return and it also under-performs the Oil and Gas industry aver
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FLNG
News
- Flex LNG - Company presentation October 2024 [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Company presentation October 2024PR Newswire
- FLEX LNG: LNG Shipping Idea For Income-Minded Investors; Rating Unchanged [Seeking Alpha]Seeking Alpha
- FLEX LNG: 12% Yield, Tailwinds [Seeking Alpha]Seeking Alpha
- Flex LNG finalizes $430M in financing [Seeking Alpha]Seeking Alpha
FLNG
Earnings
- 8/14/24 - Beat
FLNG
Sec Filings
- 10/2/24 - Form F-3ASR
- 9/23/24 - Form 6-K
- 8/15/24 - Form 6-K
- FLNG's page on the SEC website