Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally.
No risks detected for OFLX from our risk checks.
Flawless balance sheet with acceptable track record.
Share Price & News
How has Omega Flex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OFLX has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: OFLX exceeded the US Machinery industry which returned -5.2% over the past year.
Return vs Market: OFLX exceeded the US Market which returned 7.4% over the past year.
Price Volatility Vs. Market
How volatile is Omega Flex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StShould You Buy Omega Flex, Inc. (NASDAQ:OFLX) For Its Dividend?
1 month ago | Simply Wall StWhat Is Omega Flex's (NASDAQ:OFLX) P/E Ratio After Its Share Price Rocketed?
1 month ago | Simply Wall StWhy We Like Omega Flex, Inc.’s (NASDAQ:OFLX) 53% Return On Capital Employed
Is Omega Flex undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: OFLX ($101.01) is trading above our estimate of fair value ($26.14)
Significantly Below Fair Value: OFLX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: OFLX is poor value based on its PE Ratio (59.1x) compared to the Machinery industry average (19.4x).
PE vs Market: OFLX is poor value based on its PE Ratio (59.1x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OFLX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OFLX is overvalued based on its PB Ratio (26.3x) compared to the US Machinery industry average (2x).
How is Omega Flex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Omega Flex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Omega Flex's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Capital Goods industry.
How has Omega Flex performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OFLX has high quality earnings.
Growing Profit Margin: OFLX's current net profit margins (15.7%) are lower than last year (18.5%).
Past Earnings Growth Analysis
Earnings Trend: OFLX's earnings have grown by 5.4% per year over the past 5 years.
Accelerating Growth: OFLX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: OFLX had negative earnings growth (-15.2%) over the past year, making it difficult to compare to the Machinery industry average (-5.4%).
Return on Equity
High ROE: OFLX's Return on Equity (44.6%) is considered outstanding.
How is Omega Flex's financial position?
Financial Position Analysis
Short Term Liabilities: OFLX's short term assets ($42.1M) exceed its short term liabilities ($14.9M).
Long Term Liabilities: OFLX's short term assets ($42.1M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: OFLX is debt free.
Reducing Debt: OFLX has not had any debt for past 5 years.
Debt Coverage: OFLX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: OFLX has no debt, therefore coverage of interest payments is not a concern.
What is Omega Flex current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OFLX's dividend (1.11%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: OFLX's dividend (1.11%) is low compared to the top 25% of dividend payers in the US market (4.49%).
Stability and Growth of Payments
Stable Dividend: OFLX's dividends per share have been stable in the past 10 years.
Growing Dividend: OFLX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.5%), OFLX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Hoben (73yo)
Mr. Kevin R. Hoben has been the Chief Executive Officer and Chairman of Omega Flex, Inc. since 2005 and December 13, 2018 respectively. Prior to joining Omega Flex Inc, Mr. Hoben served in a number of seni ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD2.00M) is below average for companies of similar size in the US market ($USD3.13M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
|CEO & Chairman||15.5yrs||US$2.00m||9.96% $101.5m|
|VP of Finance||12.17yrs||US$384.93k||0.00050% $5.1k|
|General Counsel & Corporate Secretary||14.5yrs||US$459.76k||0.0025% $25.3k|
|Senior Vice President of Corporate Development & Facilities Management||14.5yrs||US$645.77k||no data|
|Financial Controller||no data||no data||no data|
Experienced Management: OFLX's management team is seasoned and experienced (14.5 years average tenure).
|CEO & Chairman||15.5yrs||US$2.00m||9.96% $101.5m|
|Independent Vice Chairman||1.58yrs||US$41.00k||30.93% $315.3m|
|Independent Director||1.5yrs||US$95.05k||0.0050% $50.5k|
|Lead Independent Director||no data||US$106.54k||0.018% $186.9k|
|Independent Director||3.5yrs||US$90.54k||0.035% $353.5k|
|Independent Director||24.5yrs||US$94.54k||0.021% $217.2k|
|Independent Director||24.5yrs||US$94.54k||0.018% $184.5k|
Experienced Board: OFLX's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Omega Flex, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Omega Flex, Inc.
- Ticker: OFLX
- Exchange: NasdaqGM
- Founded: 1975
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$1.020b
- Shares outstanding: 10.09m
- Website: https://www.omegaflexcorp.com
Number of Employees
- Omega Flex, Inc.
- 451 Creamery Way
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OFLX||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Aug 2005|
Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its Website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was founded in 1975 and is based in Exton, Pennsylvania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/07 23:58|
|End of Day Share Price||2020/07/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.