AFI Stock Overview
Armstrong Flooring, Inc., together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products in North America and the Pacific Rim.
Armstrong Flooring Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.14|
|52 Week High||US$6.96|
|52 Week Low||US$1.68|
|1 Month Change||15.68%|
|3 Month Change||-26.96%|
|1 Year Change||-49.17%|
|3 Year Change||-83.86%|
|5 Year Change||-89.90%|
|Change since IPO||-82.17%|
Recent News & Updates
Armstrong Flooring: Turnaround Investing Is Much Harder Than It Looks
This piece provides a fairly detailed look at one of my biggest turnaround investing mis-adventures. Despite selling its L.A. land for a tidy $65.4 million, something I anticipated well in advance, Armstrong's turnaround and go-to-market strategy, ultimately, failed. This piece discusses Armstrong's recently refinanced ABL/ Term Loan, albeit on very short terms, and the company is hanging a 'For Sale' sign for the business.
Armstrong Flooring: A Turnaround In The Making
New CEO is a "floor" guy with a clear vision for the company. Long-term transformation strategy benefits will start to appear in 2022. The 50% decline in the stock price in the last three months makes a good entry point.
Is Armstrong Flooring (NYSE:AFI) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|AFI||US Building||US Market|
Return vs Industry: AFI underperformed the US Building industry which returned 15% over the past year.
Return vs Market: AFI underperformed the US Market which returned 4.2% over the past year.
|AFI Average Weekly Movement||15.7%|
|Building Industry Average Movement||5.3%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: AFI is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: AFI's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Armstrong Flooring, Inc., together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products in North America and the Pacific Rim. Its products are used in the construction and renovation of commercial, residential, and institutional buildings. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.
Armstrong Flooring Fundamentals Summary
|AFI fundamental statistics|
Is AFI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AFI income statement (TTM)|
|Cost of Revenue||US$561.80m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-2.51|
|Net Profit Margin||-8.64%|
How did AFI perform over the long term?See historical performance and comparison
Is Armstrong Flooring undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate AFI's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate AFI's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: AFI is unprofitable, so we can't compare its PE Ratio to the US Building industry average.
PE vs Market: AFI is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AFI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AFI is good value based on its PB Ratio (0.2x) compared to the US Building industry average (2.6x).
How is Armstrong Flooring 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 Armstrong Flooring 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.
How has Armstrong Flooring performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AFI is currently unprofitable.
Growing Profit Margin: AFI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AFI is unprofitable, and losses have increased over the past 5 years at a rate of 35.2% per year.
Accelerating Growth: Unable to compare AFI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AFI is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (45%).
Return on Equity
High ROE: AFI has a negative Return on Equity (-26.75%), as it is currently unprofitable.
How is Armstrong Flooring's financial position?
Financial Position Analysis
Short Term Liabilities: AFI's short term assets ($211.4M) exceed its short term liabilities ($204.5M).
Long Term Liabilities: AFI's short term assets ($211.4M) exceed its long term liabilities ($86.0M).
Debt to Equity History and Analysis
Debt Level: AFI's net debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: AFI's debt to equity ratio has increased from 1.6% to 35.8% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: AFI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: AFI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 36.5% each year
What is Armstrong Flooring current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AFI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AFI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AFI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AFI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AFI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michel Vermette (53 yo)
Mr. Michel S. Vermette has been the President, Chief Executive Officer and Director of Armstrong Flooring, Inc. since September 11, 2019. He served as President, Residential Carpet at Mohawk Industries sin...
CEO Compensation Analysis
Compensation vs Market: Michel's total compensation ($USD1.19M) is above average for companies of similar size in the US market ($USD584.00K).
Compensation vs Earnings: Michel's compensation has been consistent with company performance over the past year.
Experienced Management: AFI's management team is considered experienced (2 years average tenure).
Experienced Board: AFI's board of directors are considered experienced (5.8 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Armstrong Flooring, Inc.'s employee growth, exchange listings and data sources
- Name: Armstrong Flooring, Inc.
- Ticker: AFI
- Exchange: NYSE
- Founded: 1860
- Industry: Building Products
- Sector: Capital Goods
- Implied Market Cap: US$46.458m
- Shares outstanding: 21.71m
- Website: https://www.armstrongflooring.com
Number of Employees
- Armstrong Flooring, Inc.
- 2500 Columbia Avenue
- PO Box 3025
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/23 23:01|
|End of Day Share Price||2022/01/21 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.