Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Flex LNG's share price for the quarter that ended in Dec. 2023 was kr304.2. Flex LNG's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 54 Mil. Therefore, Flex LNG's market cap for the quarter that ended in Dec. 2023 was kr16,347 Mil.
Flex LNG's quarterly market cap
increased
from Jun. 2023 (kr17,028 Mil) to Sep. 2023 (kr17,325 Mil) but then
declined
from Sep. 2023 (kr17,325 Mil) to Dec. 2023 (kr16,347 Mil).
Flex LNG's annual market cap
increased
from Dec. 2021 (kr10,520 Mil) to Dec. 2022 (kr17,586 Mil) but then
declined
from Dec. 2022 (kr17,586 Mil) to Dec. 2023 (kr16,347 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Flex LNG's Enterprise Value for Today is kr32,011 Mil.
Flex LNG Market Cap Historical Data
The historical data trend for Flex LNG's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, Flex LNG's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Flex LNG's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flex LNG's Market Cap distribution charts can be found below:
* The bar in red indicates where Flex LNG's Market Cap falls into.
Flex LNG Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Flex LNG's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Flex LNG (OSTO:FLNGo) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Flex LNG Market Cap Related Terms
Thank you for viewing the detailed overview of Flex LNG's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.
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