Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States.
Flexsteel Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$33.01|
|52 Week High||US$22.80|
|52 Week Low||US$51.13|
|1 Month Change||-9.34%|
|3 Month Change||-23.54%|
|1 Year Change||36.29%|
|3 Year Change||8.55%|
|5 Year Change||-38.55%|
|Change since IPO||175.08%|
Recent News & Updates
Flexsteel: Record EPS And Retail Backlog Equal 44% Upside
Very strong fourth quarter with record full-year adjusted earnings per share of $2.99. Record retail home furnishings backlog of $152 million. Flexsteel stock has gone up 50% since our initiation, yet it is trading -37% below 5-year highs: our analysis leads to 44% more upside based on attractive fundamentals and valuations. Temporary setbacks in the supply chain labelled by management as near-term, and Flexsteel looks ahead – light very visible at the end of the tunnel. Lumber prices down close to -46% YTD and mortgage rates dipped down to 2.78% levels.
Flexsteel: 33% Revenue Growth, Backlog Doubles, 8x P/E Makes This Stock Very Attractive
Stellar 3Q: Backlog Doubled, 33% Organic Sales, and 3% Buyback Photo by imaginima/E+ via Getty Images Flexsteel (FLXS) reported stellar results for the third quarter ended March. These numbers smashed past our expectations, with GAAP EPS of $0.67 versus -$0.66 in the prior year. The company reported organic sales [excluding
|FLXS||US Consumer Durables||US Market|
Return vs Industry: FLXS matched the US Consumer Durables industry which returned 36.1% over the past year.
Return vs Market: FLXS exceeded the US Market which returned 33% over the past year.
Stable Share Price: FLXS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FLXS's weekly volatility (6%) has been stable over the past year.
About the Company
Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It offers upholstered furniture, such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. The company distributes its products through e-commerce channels and dealer network.
Is Flexsteel Industries 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: FLXS ($33.01) is trading above our estimate of fair value ($2.88)
Significantly Below Fair Value: FLXS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FLXS is good value based on its PE Ratio (9.8x) compared to the US Consumer Durables industry average (10.8x).
PE vs Market: FLXS is good value based on its PE Ratio (9.8x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FLXS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FLXS is good value based on its PB Ratio (1.3x) compared to the US Consumer Durables industry average (2x).
How is Flexsteel Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Consumer Durables 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 Flexsteel Industries 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 Flexsteel Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLXS has a high level of non-cash earnings.
Growing Profit Margin: FLXS became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FLXS's earnings have declined by 48.8% per year over the past 5 years.
Accelerating Growth: FLXS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FLXS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (71.4%).
Return on Equity
High ROE: FLXS's Return on Equity (13.7%) is considered low.
How is Flexsteel Industries's financial position?
Financial Position Analysis
Short Term Liabilities: FLXS's short term assets ($228.5M) exceed its short term liabilities ($99.8M).
Long Term Liabilities: FLXS's short term assets ($228.5M) exceed its long term liabilities ($29.1M).
Debt to Equity History and Analysis
Debt Level: FLXS's debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FLXS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FLXS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FLXS's interest payments on its debt are well covered by EBIT (2879.8x coverage).
What is Flexsteel Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FLXS's dividend (1.82%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: FLXS's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (3.65%).
Stability and Growth of Payments
Stable Dividend: FLXS's dividend payments have been volatile in the past 10 years.
Growing Dividend: FLXS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.1%), FLXS's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jerry Dittmer (63 yo)
Mr. Jerald K. Dittmer, also known as Jerry, has been President, Chief Executive Officer and Director at Flexsteel Industries, Inc. since December 28, 2018. Mr. Dittmer served as President and Chief Executi...
CEO Compensation Analysis
Compensation vs Market: Jerry's total compensation ($USD1.59M) is above average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.
Experienced Management: FLXS's management team is considered experienced (2.5 years average tenure).
Experienced Board: FLXS's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FLXS 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.
Flexsteel Industries, Inc.'s employee growth, exchange listings and data sources
- Name: Flexsteel Industries, Inc.
- Ticker: FLXS
- Exchange: NasdaqGS
- Founded: 1893
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: US$225.196m
- Shares outstanding: 6.82m
- Website: https://www.flexsteel.com
Number of Employees
- Flexsteel Industries, Inc.
- 385 Bell Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 00:11|
|End of Day Share Price||2021/09/21 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.