HAMILTON, Bermuda, Nov. 29, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed a new Time Charter Agreement ("TC") for Flex Constellation for 15-years. Commencement of the charter will occur during the first or second quarter of 2026 with maturity in 2041. The TC also include an extension option for the charterer until 2043.Flex Constellation, built 2019, is a advanced 173,400 cbm LNG carrier with ME-GI two stroke propulsion and part ...

HAMILTON, Bermuda, Nov. 26, 2024 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) traded on Oslo Stock Exchange ("OSE") and registered with Euronext Securities Oslo will trade ex dividend of USD 0.75 per share as of today, November 26, 2024. The dividend will be paid to shareholders on OSE on or about December 16, 2024.The shares traded on the New York Stock Exchange ("NYSE") will be traded ex dividend of USD 0.75 per share on November 27, 2024. The dividend will be paid to shareholders on NYSE on ...

Core Insights - The article discusses the investment strategy of focusing on building a solid dividend portfolio within sectors such as oil and gas, shipping, energy, and minerals [1]. Group 1 - The individual investor is primarily income-oriented, aiming to generate steady returns through dividends [1]. - The investor has a formal qualification of an MSc in Business with a major in Finance, indicating a strong educational background in financial matters [1].

Group 1 - Flex announced the appointment of Kevin S. Krumm as Chief Financial Officer (CFO), effective January 6, 2025, succeeding interim CFO Jaime Martinez [1] - Mr. Krumm brings over 20 years of experience in industrial, chemical, and healthcare industries, previously serving as CFO of APi Group and holding various roles at Ecolab Inc. [2] - CEO Revathi Advaithi expressed confidence in Mr. Krumm's leadership aligning with Flex's strategy to enhance shareholder value and long-term financial success [3] Group 2 - Mr. Krumm emphasized Flex's unique position at the intersection of innovation and operational excellence, aiming to build on the company's financial performance [3] - Flex operates as a manufacturing partner across 30 countries, providing technology innovation, supply chain, and manufacturing solutions to diverse industries [4]

Group 1 - The article emphasizes the author's investment philosophy, focusing on overlooked companies that provide asymmetric risk rewards and attractive dividend yields [1] - The author has a preference for shipping and mining sectors but is open to exploring other industries if they align with the investment style [1] - The analytical approach combines fundamental analysis with technical analysis to optimize market timing [1] Group 2 - The author expresses excitement about contributing to the Seeking Alpha community and sharing investment insights [1]

Core Viewpoint - Flex has shown strong stock performance, with a 16.8% increase over the past month and a 30.8% rise since the beginning of the year, outperforming both the Zacks Computer and Technology sector and the Zacks Electronics - Miscellaneous Products industry [1] Financial Performance - Flex reported an EPS of $0.64 in its last earnings report, exceeding the consensus estimate of $0.56, and beat the revenue estimate by 0.44% [2] - For the current fiscal year, Flex is projected to achieve earnings of $2.42 per share on revenues of $25.22 billion, reflecting a 12.56% increase in EPS but a 10.16% decrease in revenues. For the next fiscal year, earnings are expected to rise to $2.77 per share on $26.79 billion in revenues, indicating a year-over-year change of 14.3% in EPS and 6.22% in revenues [3] Valuation Metrics - Flex has a Value Score of A, a Growth Score of B, and a Momentum Score of D, resulting in a combined VGM Score of A [6] - The stock trades at 16.5 times the current fiscal year EPS estimates, below the peer industry average of 19.9 times. On a trailing cash flow basis, it trades at 12.2 times compared to the peer group's average of 10.3 times, with a PEG ratio of 2.24 [7] Zacks Rank - Flex holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts, indicating potential for further gains [8]

Core Viewpoint - Flex has completed a $325 million all-cash acquisition of Crown Technical Systems, enhancing its power distribution and protection systems portfolio [1][2]. Group 1: Acquisition Details - The acquisition increases Flex's exposure to high-growth markets such as modular data centers and medium voltage power distribution, while also expanding its presence in the utility power market [2]. - Crown Technical Systems is projected to generate approximately $120 million in revenue with a high-teens EBITDA margin for fiscal 2025 [3]. Group 2: Strategic Implications - The acquisition is expected to strengthen Flex's critical power portfolio and support growth in the U.S. data center market, driving long-term value for customers and shareholders [2][3]. - The integration of Crown Technical Systems will be reported under Flex's Industrial Business unit within the Reliability Solutions segment [3].

Core Insights - Investors in the Electronics - Miscellaneous Products sector may consider Flex (FLEX) and Rockwell Automation (ROK) as potential undervalued stocks [1] Valuation Metrics - FLEX has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while ROK has a Zacks Rank of 3 (Hold) [3] - FLEX's forward P/E ratio is 15.37, significantly lower than ROK's forward P/E of 29.72 [5] - FLEX has a PEG ratio of 2.09, compared to ROK's PEG ratio of 2.92, suggesting FLEX may offer better value relative to its expected earnings growth [5] - FLEX's P/B ratio is 2.88, while ROK's P/B ratio is 8.83, indicating that FLEX is more attractively valued in terms of market value versus book value [6] Value Grades - FLEX holds a Value grade of A, whereas ROK has a Value grade of C, reflecting FLEX's stronger estimate revision activity and more attractive valuation metrics [7]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation m ...

Core Insights - Flex has acquired JetCool Technologies to enhance its data center and power portfolio, addressing the growing challenges of power, heat, and scale in AI workloads and high-performance computing [1][2] - The acquisition combines JetCool's advanced liquid cooling technologies with Flex's expertise in IT and power infrastructure, enabling customers to deploy AI servers at scale [1][2] Company Overview - Flex is a global manufacturing partner that provides technology innovation, supply chain, and manufacturing solutions across diverse industries [5] - The company operates in 30 countries and focuses on responsible and sustainable operations [5] JetCool Technologies - Founded in 2019, JetCool specializes in liquid cooling solutions for hyperscale, enterprise, colocation, and semiconductor customers [2] - JetCool's products include microconvective cooling systems, fully sealed cold plates, and a recently announced Coolant Distribution Unit (CDU) capable of cooling racks up to 300kW, scalable to over 2MW [2] Industry Context - The acquisition is positioned to meet the increasing demands for cooling solutions in the AI and high-performance computing sectors, which require greater performance, efficiency, and sustainability [2] - Flex's manufacturing capabilities support the mass deployment of vertically integrated data center racks, addressing industry-wide challenges with power, heat, and scale [4]