NasdaqGS:FLXS

Stock Analysis Report

Executive Summary

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products.


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Flexsteel Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FLXS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.5%

FLXS

6.5%

US Consumer Durables

5.3%

US Market


1 Year Return

-53.9%

FLXS

-20.6%

US Consumer Durables

-10.7%

US Market

Return vs Industry: FLXS underperformed the US Consumer Durables industry which returned -20.3% over the past year.

Return vs Market: FLXS underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

FLXSIndustryMarket
7 Day-6.5%6.5%5.3%
30 Day-21.0%-30.3%-13.6%
90 Day-44.5%-33.9%-19.8%
1 Year-51.2%-53.9%-19.5%-20.6%-8.9%-10.7%
3 Year-75.6%-78.1%-20.6%-24.2%15.5%8.0%
5 Year-61.3%-66.4%-15.7%-21.4%35.2%20.4%

Price Volatility Vs. Market

How volatile is Flexsteel Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Flexsteel Industries undervalued compared to its fair value and its price relative to the market?

31.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FLXS ($10.91) is trading below our estimate of fair value ($16)

Significantly Below Fair Value: FLXS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FLXS is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.

PE vs Market: FLXS 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 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 (0.4x) compared to the US Consumer Durables industry average (0.8x).


Next Steps

Future Growth

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

8.4%

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.


Next Steps

Past Performance

How has Flexsteel Industries performed over the past 5 years?

-41.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLXS is currently unprofitable.

Growing Profit Margin: FLXS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FLXS is unprofitable, and losses have increased over the past 5 years at a rate of -41.8% per year.

Accelerating Growth: Unable to compare FLXS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FLXS is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (9.8%).


Return on Equity

High ROE: FLXS has a negative Return on Equity (-14.96%), as it is currently unprofitable.


Next Steps

Financial Health

How is Flexsteel Industries's financial position?


Financial Position Analysis

Short Term Liabilities: FLXS's short term assets ($171.8M) exceed its short term liabilities ($50.8M).

Long Term Liabilities: FLXS's short term assets ($171.8M) exceed its long term liabilities ($9.7M).


Debt to Equity History and Analysis

Debt Level: FLXS is debt free.

Reducing Debt: FLXS has no debt compared to 5 years ago when its debt to equity ratio was 9.1%.


Balance Sheet

Inventory Level: FLXS has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FLXS's debt is covered by short term assets.


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: FLXS has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: FLXS has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Flexsteel Industries's current dividend yield, its reliability and sustainability?

8.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FLXS's dividend (8.07%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: FLXS's dividend (8.07%) is in the top 25% of dividend payers in the US market (5.4%)


Stability and Growth of Payments

Stable Dividend: FLXS's dividends per share have been stable in the past 10 years.

Growing Dividend: FLXS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: FLXS is paying a dividend but the company is unprofitable.


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.


Next Steps

Management

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

1.1yrs

Average management tenure


CEO

Jerry Dittmer (61yo)

1.33s

Tenure

US$2,561,622

Compensation

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 ($USD2.56M) is above average for companies of similar size in the US market ($USD602.37K).

Compensation vs Earnings: Insufficient data to compare Jerry's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Jerald Dittmer
President1.33yrsUS$2.56m0.51% $443.3k
Michael McClaflin
Chief Information Officer1.08yrsUS$174.92k0.10% $87.5k
Timothy Newlin
Vice President of Marketing & Product Management0.75yrUS$608.76k0.14% $123.4k
Terrence Willis
Vice President of Direct Commerce1.08yrsUS$233.94k0.072% $62.9k
C. Hayden
Vice President of Operations0.67yrno data0.090% $78.4k
Barbara Murphy
Director of Marketing & Communications2.25yrsno datano data
David Crimmins
Vice President of Sales0.58yrno data0.066% $58.2k
Stacy Kammes
Vice President of Human Resources6.25yrsno data0.065% $56.5k

1.1yrs

Average Tenure

48yo

Average Age

Experienced Management: FLXS's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jerald Dittmer
President1.33yrsUS$2.56m0.51% $443.3k
Michael Edwards
Independent Director3.33yrsUS$121.52k0.094% $82.5k
Thomas Levine
Independent Chair of the Boardno dataUS$137.02k0.19% $166.8k
Charles Eitel
Independent Director0.58yrno data0.020% $17.9k
William Creekmuir
Independent Director1.25yrsUS$50.74k0.079% $69.3k
Eric Rangen
Independent Director18.25yrsUS$115.02k0.25% $221.2k
Mary Bottie
Independent Director16.33yrsUS$121.52k0.18% $158.5k
Robert Maricich
Independent Director9.33yrsUS$101.52k0.27% $236.2k
Matthew Kaness
Independent Director0.58yrno data0.020% $17.9k

2.3yrs

Average Tenure

62yo

Average Age

Experienced Board: FLXS's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

Flexsteel Industries, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Flexsteel Industries, Inc.
  • Ticker: FLXS
  • Exchange: NasdaqGS
  • Founded: 1893
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: US$87.583m
  • Shares outstanding: 7.99m
  • Website: https://www.flexsteel.com

Number of Employees


Location

  • Flexsteel Industries, Inc.
  • 385 Bell Street
  • Dubuque
  • Iowa
  • 52001
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FLXSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1972

Biography

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products. Its products are used in home, healthcare, and recreational seating applications. The company distributes products through its sales force and independent representatives in the United States and Canada. Flexsteel Industries, Inc. was founded in 1893 and is headquartered in Dubuque, Iowa. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 03:02
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


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.