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FLXS

Flexsteel Industries NasdaqGS:FLXS Stock Report

Last Price

US$18.59

Market Cap

US$103.4m

7D

-3.1%

1Y

-60.1%

Updated

23 May, 2022

Data

Company Financials
FLXS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health4/6
Dividends3/6

FLXS Stock Overview

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

Summary of all time highs, changes and price drops for Flexsteel Industries
Historical stock prices
Current Share PriceUS$18.59
52 Week HighUS$51.13
52 Week LowUS$18.23
Beta0.68
1 Month Change-3.73%
3 Month Change-14.76%
1 Year Change-60.12%
3 Year Change4.32%
5 Year Change-63.39%
Change since IPO54.92%

Recent News & Updates

Apr 27

Flexsteel: Strong Quarter, +22% EPS On +18% Revenue, Estimates Beat, 14% Buyback During Quarter

Record Q3 EPS of $0.81, up 22% YoY, and revenue of $140mn both beat market expectations. Strong cash from operations $5.70 per share for the quarter, aggressive 14% share buyback during quarter. Stock trading at 7.6x P/E and 0.98x price-to-book. Housing/furniture demand remains strong, although rising rates, inflation and economy are concerns. The stock has 72% potential upside from the current market price.

Shareholder Returns

FLXSUS Consumer DurablesUS Market
7D-3.1%-2.4%-0.5%
1Y-60.1%-28.1%-12.3%

Return vs Industry: FLXS underperformed the US Consumer Durables industry which returned -27.5% over the past year.

Return vs Market: FLXS underperformed the US Market which returned -12.9% over the past year.

Price Volatility

Is FLXS's price volatile compared to industry and market?
FLXS volatility
FLXS Average Weekly Movement8.7%
Consumer Durables Industry Average Movement7.5%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: FLXS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: FLXS's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1893665Jerry Dittmerhttps://www.flexsteel.com

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.

Flexsteel Industries Fundamentals Summary

How do Flexsteel Industries's earnings and revenue compare to its market cap?
FLXS fundamental statistics
Market CapUS$103.41m
Earnings (TTM)US$7.97m
Revenue (TTM)US$555.94m

13.0x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLXS income statement (TTM)
RevenueUS$555.94m
Cost of RevenueUS$474.47m
Gross ProfitUS$81.47m
Other ExpensesUS$73.50m
EarningsUS$7.97m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.43
Gross Margin14.65%
Net Profit Margin1.43%
Debt/Equity Ratio29.6%

How did FLXS perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

50%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FLXS ($18.59) is trading below our estimate of fair value ($79.84)

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


Price To Earnings Ratio

PE vs Industry: FLXS is poor value based on its PE Ratio (13x) compared to the US Consumer Durables industry average (8.1x).

PE vs Market: FLXS is good value based on its PE Ratio (13x) compared to the US market (15.1x).


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 (0.7x) compared to the US Consumer Durables industry average (1.2x).


Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


6.6%

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?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-25.7%

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 25.7% 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 (45.1%).


Return on Equity

High ROE: FLXS's Return on Equity (5.7%) is considered low.


Financial Health

How is Flexsteel Industries's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FLXS's short term assets ($209.5M) exceed its short term liabilities ($71.1M).

Long Term Liabilities: FLXS's short term assets ($209.5M) exceed its long term liabilities ($78.1M).


Debt to Equity History and Analysis

Debt Level: FLXS's net debt to equity ratio (27.2%) 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 (16.7x coverage).


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.23%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FLXS's dividend (3.23%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: FLXS's dividend (3.23%) is low compared to the top 25% of dividend payers in the US market (4.11%).


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 reasonable payout ratio (50.3%), FLXS's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: FLXS is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Jerry Dittmer (63 yo)

3.42yrs

Tenure

US$2,773,181

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 ($USD2.77M) is above average for companies of similar size in the US market ($USD770.21K).

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 (2.8 years average tenure).


Board Members

Experienced Board: FLXS's board of directors are considered experienced (3.4 years average tenure).


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 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
  • Implied Market Cap: US$103.414m
  • Shares outstanding: 5.56m
  • Website: https://www.flexsteel.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.