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
Flawless balance sheet and overvalued.
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.
7 Day Return
US Consumer Durables
1 Year Return
US Consumer Durables
Return vs Industry: FLXS exceeded the US Consumer Durables industry which returned 122.3% over the past year.
Return vs Market: FLXS exceeded the US Market which returned 51.8% over the past year.
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
1 week ago | Simply Wall StDo Insiders Own Lots Of Shares In Flexsteel Industries, Inc. (NASDAQ:FLXS)?
1 month ago | Simply Wall StBe Wary Of Flexsteel Industries (NASDAQ:FLXS) And Its Returns On Capital
1 month ago | Simply Wall StIt Might Not Be A Great Idea To Buy Flexsteel Industries, Inc. (NASDAQ:FLXS) For Its Next Dividend
Is Flexsteel Industries 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: FLXS ($48.87) 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 (2.1x) compared to the US Consumer Durables industry average (2.3x).
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 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.
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 ($27.7M).
Debt to Equity History and Analysis
Debt Level: FLXS is debt free.
Reducing Debt: FLXS had no debt 5 years ago.
Debt Coverage: FLXS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FLXS has no debt, therefore coverage of interest payments is not a concern.
What is Flexsteel Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FLXS's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: FLXS's dividend (1.23%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: FLXS's dividend payments have been volatile in the past 10 years.
Growing Dividend: FLXS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: FLXS is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jerry Dittmer (62 yo)
Mr. Jerald K. Dittmer, also known as Jerry, has been President, Chief Executive Officer and Director at Flexsteel Industries, Inc. since December 28, 2018. Mr. Dittmer served as President and Chief Executi...
CEO Compensation Analysis
Compensation vs Market: Jerry's total compensation ($USD1.59M) is about average for companies of similar size in the US market ($USD1.73M).
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 (2.2 years average tenure).
Experienced Board: FLXS's board of directors are not considered experienced ( 2.4 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 company bio, 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$334.935m
- Shares outstanding: 6.85m
- Website: https://www.flexsteel.com
Number of Employees
- Flexsteel Industries, Inc.
- 385 Bell Street
- United States
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/08 23:13|
|End of Day Share Price||2021/05/07 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.