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
|Historical stock prices|
|Current Share Price||US$18.79|
|52 Week High||US$51.13|
|52 Week Low||US$18.23|
|1 Month Change||-2.69%|
|3 Month Change||-18.34%|
|1 Year Change||-60.46%|
|3 Year Change||5.44%|
|5 Year Change||-63.00%|
|Change since IPO||56.58%|
Recent News & Updates
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.
|FLXS||US Consumer Durables||US Market|
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.
|FLXS Average Weekly Movement||8.7%|
|Consumer Durables Industry Average Movement||7.5%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||2.9%|
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
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
|FLXS fundamental statistics|
Is FLXS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FLXS income statement (TTM)|
|Cost of Revenue||US$474.47m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.43|
|Net Profit Margin||1.43%|
How did FLXS perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is Flexsteel Industries undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLXS ($18.79) is trading below our estimate of fair value ($80.09)
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 (13.1x) compared to the US Consumer Durables industry average (8.1x).
PE vs Market: FLXS is good value based on its PE Ratio (13.1x) compared to the US market (15.2x).
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).
How is Flexsteel Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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?
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 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.
How is Flexsteel Industries's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
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 ($78.1M).
Debt to Equity History and Analysis
Debt Level: FLXS's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FLXS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FLXS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FLXS's interest payments on its debt are well covered by EBIT (16.7x coverage).
What is Flexsteel Industries's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FLXS's dividend (3.19%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: FLXS's dividend (3.19%) is low compared to the top 25% of dividend payers in the US market (4.11%).
Stability and Growth of Payments
Stable Dividend: FLXS's dividend payments have been volatile in the past 10 years.
Growing Dividend: FLXS's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.3%), FLXS's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: FLXS is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jerry Dittmer (63 yo)
Mr. Jerald K. Dittmer, also known as Jerry, has been President, Chief Executive Officer and Director at Flexsteel Industries, Inc. since December 28, 2018. Mr. Dittmer served as President and Chief Executi...
CEO Compensation Analysis
Compensation vs Market: Jerry's total compensation ($USD2.77M) is above average for companies of similar size in the US market ($USD770.27K).
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 (2.8 years average tenure).
Experienced Board: FLXS's board of directors are considered experienced (3.4 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$104.526m
- Shares outstanding: 5.56m
- Website: https://www.flexsteel.com
Number of Employees
- Flexsteel Industries, Inc.
- 385 Bell Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/22 00:00|
|End of Day Share Price||2022/05/20 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.