FLXS Stock Overview
Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered furniture for residential and contract markets in the United States.
Flexsteel Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$15.70|
|52 Week High||US$31.65|
|52 Week Low||US$14.88|
|1 Month Change||-10.23%|
|3 Month Change||-12.68%|
|1 Year Change||-48.74%|
|3 Year Change||12.46%|
|5 Year Change||-68.41%|
|Change since IPO||30.83%|
Recent News & Updates
Flexsteel declares $0.15 dividend
Flexsteel (NASDAQ:FLXS) declares $0.15/share quarterly dividend, in line with previous. Forward yield 3.58% Payable Oct. 10; for shareholders of record Sept. 28; ex-div Sept. 27. See FLXS Dividend Scorecard, Yield Chart, & Dividend Growth.
|FLXS||US Consumer Durables||US Market|
Return vs Industry: FLXS underperformed the US Consumer Durables industry which returned -32.6% over the past year.
Return vs Market: FLXS underperformed the US Market which returned -21.5% over the past year.
|FLXS Average Weekly Movement||6.6%|
|Consumer Durables Industry Average Movement||6.2%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: FLXS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FLXS's weekly volatility (7%) 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 furniture for residential and contract markets in the United States. It provides 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, kitchen storage, bedroom furniture, and outdoor furniture. The company distributes its products through e-commerce channels and dealer network.
Flexsteel Industries Fundamentals Summary
|FLXS fundamental statistics|
Is FLXS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FLXS income statement (TTM)|
|Cost of Revenue||US$471.60m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.35|
|Net Profit Margin||0.34%|
How did FLXS perform over the long term?See historical performance and comparison
3.8%Current Dividend Yield
Is FLXS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FLXS?
Other financial metrics that can be useful for relative valuation.
|What is FLXS's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FLXS's PE Ratio compare to its peers?
|FLXS PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
LIVE Live Ventures
BSET Bassett Furniture Industries
HOFT Hooker Furnishings
FLXS Flexsteel Industries
Price-To-Earnings vs Peers: FLXS is expensive based on its Price-To-Earnings Ratio (44.9x) compared to the peer average (15.2x).
Price to Earnings Ratio vs Industry
How does FLXS's PE Ratio compare vs other companies in the US Consumer Durables Industry?
Price-To-Earnings vs Industry: FLXS is expensive based on its Price-To-Earnings Ratio (44.9x) compared to the US Consumer Durables industry average (6.2x)
Price to Earnings Ratio vs Fair Ratio
What is FLXS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||44.9x|
|Fair PE Ratio||34.3x|
Price-To-Earnings vs Fair Ratio: FLXS is expensive based on its Price-To-Earnings Ratio (44.9x) compared to the estimated Fair Price-To-Earnings Ratio (34.3x).
Share Price vs Fair Value
What is the Fair Price of FLXS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FLXS ($15.7) is trading below our estimate of fair value ($70.46)
Significantly Below Fair Value: FLXS is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Flexsteel Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLXS's forecast earnings growth (85% per year) is above the savings rate (1.9%).
Earnings vs Market: FLXS's earnings (85% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: FLXS's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FLXS's revenue is expected to decline over the next 3 years (-7.8% per year).
High Growth Revenue: FLXS's revenue is forecast to decline over the next 3 years (-7.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLXS's Return on Equity is forecast to be low in 3 years time (11.3%).
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How has Flexsteel Industries performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLXS has high quality earnings.
Growing Profit Margin: FLXS's current net profit margins (0.3%) are lower than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: FLXS's earnings have declined by 19.9% per year over the past 5 years.
Accelerating Growth: FLXS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FLXS had negative earnings growth (-92%) over the past year, making it difficult to compare to the Consumer Durables industry average (29%).
Return on Equity
High ROE: FLXS's Return on Equity (1.4%) is considered low.
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How is Flexsteel Industries's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FLXS's short term assets ($190.1M) exceed its short term liabilities ($64.6M).
Long Term Liabilities: FLXS's short term assets ($190.1M) exceed its long term liabilities ($72.6M).
Debt to Equity History and Analysis
Debt Level: FLXS's net debt to equity ratio (27%) 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 debt is well covered by operating cash flow (21.2%).
Interest Coverage: FLXS's interest payments on its debt are well covered by EBIT (7.1x coverage).
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What is Flexsteel Industries's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Flexsteel Industries Dividend Yield vs Market|
|Company (Flexsteel Industries)||3.8%|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Consumer Durables)||2.9%|
|Analyst forecast in 3 Years (Flexsteel Industries)||n/a|
Notable Dividend: FLXS's dividend (3.82%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: FLXS's dividend (3.82%) is low compared to the top 25% of dividend payers in the US market (4.7%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (204.9%), FLXS's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (76.9%), FLXS's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jerry Dittmer (64 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
|Jerry Dittmer's Compensation vs Flexsteel Industries Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||US$3m||US$656k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||US$2m||US$664k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||US$3m||US$350k|
Compensation vs Market: Jerry's total compensation ($USD2.77M) is above average for companies of similar size in the US market ($USD772.00K).
Compensation vs Earnings: Jerry's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: FLXS's management team is considered experienced (3.1 years average tenure).
Experienced Board: FLXS's board of directors are considered experienced (3.7 years average tenure).
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
|11 Jul 22||BuyUS$153||Derek Schmidt||Individual||8.32||US$18.39|
|11 Jul 22||BuyUS$8,761||Derek Schmidt||Individual||469.53||US$18.66|
|04 Apr 22||BuyUS$8,653||Derek Schmidt||Individual||443.52||US$19.51|
|04 Apr 22||BuyUS$152||Derek Schmidt||Individual||7.71||US$19.71|
|01 Mar 22||BuyUS$20,480||Kathryn Dickson||Individual||1,000||US$20.48|
|14 Feb 22||BuyUS$22,520||Thomas Levine||Individual||1,000||US$22.52|
|14 Feb 22||BuyUS$382,859||Derek Schmidt||Individual||17,111||US$22.82|
|11 Feb 22||BuyUS$22,889||Jerald Dittmer||Individual||1,000||US$22.89|
|09 Feb 22||BuyUS$44,220||Kathryn Dickson||Individual||2,000||US$22.11|
|27 Jan 22||BuyUS$50,979||Kathryn Dickson||Individual||2,133||US$23.90|
|03 Jan 22||BuyUS$8,656||Derek Schmidt||Individual||319.35||US$27.11|
|24 Nov 21||BuyUS$257||William Creekmuir||Individual||9||US$28.50|
|23 Nov 21||BuyUS$49,730||William Creekmuir||Individual||1,724||US$28.90|
|27 Oct 21||BuyUS$82,200||Kathryn Dickson||Individual||3,000||US$27.60|
|05 Oct 21||BuyUS$3,347||Matthew Kaness||Individual||112.32||US$29.80|
|04 Oct 21||BuyUS$8,641||Derek Schmidt||Individual||282.24||US$31.09|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
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
- Implied Market Cap: US$83.265m
- Shares outstanding: 5.30m
- Website: https://www.flexsteel.com
Number of Employees
- Flexsteel Industries, Inc.
- 385 Bell Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FLXS||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Apr 1972|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 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.