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Market Cap

US$342.7m

Last Updated

2021/05/06 23:38 UTC

Data Sources

Company Financials

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet unattractive 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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FLXS's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

12.9%

FLXS

1.3%

US Consumer Durables

-1.7%

US Market


1 Year Return

475.9%

FLXS

122.3%

US Consumer Durables

51.8%

US Market

Return vs Industry: FLXS exceeded the US Consumer Durables industry which returned 122.8% over the past year.

Return vs Market: FLXS exceeded the US Market which returned 52.8% over the past year.


Shareholder returns

FLXSIndustryMarket
7 Day12.9%1.3%-1.7%
30 Day18.9%5.8%1.5%
90 Day39.3%19.9%3.1%
1 Year483.7%475.9%124.8%122.3%54.4%51.8%
3 Year41.0%27.2%83.5%76.4%63.0%52.8%
5 Year35.2%17.9%118.2%102.6%127.2%101.9%

Long-Term 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?

2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: FLXS ($47.63) is trading above our estimate of fair value ($2.83)

Significantly Below Fair Value: FLXS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FLXS is unprofitable, so we can't compare its PE Ratio to the US 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 (2x) compared to the US Consumer Durables industry average (2.3x).


Future Growth

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

11.2%

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.


Past Performance

How has Flexsteel Industries performed over the past 5 years?

-59.3%

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 59.3% 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 (56.9%).


Return on Equity

High ROE: FLXS has a negative Return on Equity (-5.22%), as it is currently unprofitable.


Financial Health

How is Flexsteel Industries's financial position?


Financial Position Analysis

Short Term Liabilities: FLXS's short term assets ($181.5M) exceed its short term liabilities ($60.5M).

Long Term Liabilities: FLXS's short term assets ($181.5M) exceed its long term liabilities ($27.7M).


Debt to Equity History and Analysis

Debt Level: FLXS is debt free.

Reducing Debt: FLXS had no debt 5 years ago.

Debt Coverage: FLXS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FLXS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

1.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FLXS's dividend (1.26%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: FLXS's dividend (1.26%) is low compared to the top 25% of dividend payers in the US market (3.42%).


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: 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?

2.2yrs

Average management tenure


CEO

Jerry Dittmer (62 yo)

2.42yrs

Tenure

US$1,590,214

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 ($USD1.59M) is about average for companies of similar size in the US market ($USD1.71M).

Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FLXS's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: FLXS's board of directors are not considered experienced ( 2.4 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: FLXS 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$342.680m
  • Shares outstanding: 6.85m
  • Website: https://www.flexsteel.com

Number of Employees


Location

  • Flexsteel Industries, Inc.
  • 385 Bell Street
  • Dubuque
  • Iowa
  • 52001-0877
  • United States

Listings


Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 23:38
End of Day Share Price2021/05/06 00:00
Earnings2021/03/31
Annual Earnings2020/06/30


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.