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AFI

Armstrong FlooringNYSE:AFI Stock Report

Last Price

US$2.14

Market Cap

US$46.5m

7D

-7.0%

1Y

-49.2%

Updated

23 Jan, 2022

Data

Company Financials
AFI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

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

Masco

NYSE:MAS

US$15.7b

Caesarstone

NasdaqGS:CSTE

US$424.3m

Stanley Black & Decker

NYSE:SWK

US$28.6b

Mohawk Industries

NYSE:MHK

US$10.6b

Price History & Performance

Summary of all time highs, changes and price drops for Armstrong Flooring
Historical stock prices
Current Share PriceUS$2.14
52 Week HighUS$6.96
52 Week LowUS$1.68
Beta2.59
1 Month Change15.68%
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

Jan 04

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.

Sep 30

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.

Jun 04
Is Armstrong Flooring (NYSE:AFI) Using Too Much Debt?

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...

Shareholder Returns

AFIUS BuildingUS Market
7D-7.0%-6.5%-6.1%
1Y-49.2%15.0%4.2%

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.

Price Volatility

Is AFI's price volatile compared to industry and market?
AFI volatility
AFI Average Weekly Movement15.7%
Building Industry Average Movement5.3%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
18601,552Michel Vermettehttps://www.armstrongflooring.com

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

How do Armstrong Flooring's earnings and revenue compare to its market cap?
AFI fundamental statistics
Market CapUS$46.46m
Earnings (TTM)-US$54.40m
Revenue (TTM)US$629.40m

0.1x

P/S Ratio

-0.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AFI income statement (TTM)
RevenueUS$629.40m
Cost of RevenueUS$561.80m
Gross ProfitUS$67.60m
ExpensesUS$122.00m
Earnings-US$54.40m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.51
Gross Margin10.74%
Net Profit Margin-8.64%
Debt/Equity Ratio35.8%

How did AFI perform over the long term?

See historical performance and comparison

Valuation

Is Armstrong Flooring undervalued compared to its fair value and its price relative to the market?

0.23x

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).


Future Growth

How is Armstrong Flooring forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.0%

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.


Past Performance

How has Armstrong Flooring performed over the past 5 years?

-35.2%

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.


Financial Health

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.


Balance Sheet


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


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Michel Vermette (53 yo)

2.33yrs

Tenure

US$1,189,500

Compensation

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.


Leadership Team

Experienced Management: AFI's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: AFI's board of directors are considered experienced (5.8 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Armstrong Flooring, Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Armstrong Flooring, Inc.
  • 2500 Columbia Avenue
  • PO Box 3025
  • Lancaster
  • Pennsylvania
  • 17603
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:01
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.