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FlexShopper

Nasdaq:FPAY
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FPAY
Nasdaq
$15M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC, provides various types of durable goods to consumers on a lease-to-own basis (LTO) to consumers of third party retailers and e-tailers. The last earnings update was 10 days ago. More info.


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FPAY Share Price and Events
7 Day Returns
-4.3%
NasdaqCM:FPAY
1.3%
US Diversified Financial
1.2%
US Market
1 Year Returns
-71%
NasdaqCM:FPAY
-0.4%
US Diversified Financial
3%
US Market
FPAY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FlexShopper (FPAY) -4.3% 3.3% 26.4% -71% -83% -87.5%
US Diversified Financial 1.3% 0.1% 6% -0.4% 43.8% 60%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • FPAY underperformed the Diversified Financial industry which returned -0.4% over the past year.
  • FPAY underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
FPAY
Industry
5yr Volatility vs Market

FPAY Value

 Is FlexShopper undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FlexShopper to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FlexShopper.

NasdaqCM:FPAY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $-1.63 * -97.2%
$1.59
Book Value of Equity per Share Median Book Value from the past 5 years. $-1.63
Discount Rate (Cost of Equity) See below 11.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:FPAY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.679 (1 + (1- 21%) (201.38%))
1.508
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.51
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.508 * 5.96%)
11.72%

Discounted Cash Flow Calculation for NasdaqCM:FPAY using Excess Returns Model Model

The calculations below outline how an intrinsic value for FlexShopper is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:FPAY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (-97.2% – 11.72%) * $-1.63)
$1.78
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.78 / (11.72% - 2.73%)
$19.80
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $-1.63 + $19.80
$18.17
NasdaqCM:FPAY Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.17
Current discount Discount to share price of $0.85
= -1 x ($0.85 - $18.17) / $18.17
95.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price FlexShopper is available for.
Intrinsic value
>50%
Share price is $0.85 vs Future cash flow value of $18.17
Current Discount Checks
For FlexShopper to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FlexShopper's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FlexShopper's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FlexShopper's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FlexShopper's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:FPAY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-1.39
NasdaqCM:FPAY Share Price ** NasdaqCM (2019-03-20) in USD $0.85
United States of America Diversified Financial Industry PE Ratio Median Figure of 10 Publicly-Listed Diversified Financial Companies 17.87x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FlexShopper.

NasdaqCM:FPAY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:FPAY Share Price ÷ EPS (both in USD)

= 0.85 ÷ -1.39

-0.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FlexShopper is loss making, we can't compare its value to the US Diversified Financial industry average.
  • FlexShopper is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does FlexShopper's expected growth come at a high price?
Raw Data
NasdaqCM:FPAY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Diversified Financial Industry PEG Ratio Median Figure of 7 Publicly-Listed Diversified Financial Companies 1.03x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for FlexShopper, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FlexShopper's assets?
Raw Data
NasdaqCM:FPAY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-0.83
NasdaqCM:FPAY Share Price * NasdaqCM (2019-03-20) in USD $0.85
United States of America Diversified Financial Industry PB Ratio Median Figure of 21 Publicly-Listed Diversified Financial Companies 0.93x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqCM:FPAY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:FPAY Share Price ÷ Book Value per Share (both in USD)

= 0.85 ÷ -0.83

-1.02x

* Primary Listing of FlexShopper.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FlexShopper has negative assets, we can't compare the value of its assets to the US Diversified Financial industry average.
X
Value checks
We assess FlexShopper's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. FlexShopper has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FPAY Future Performance

 How is FlexShopper expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 FlexShopper 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
59.1%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FlexShopper expected to grow at an attractive rate?
  • Unable to compare FlexShopper's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare FlexShopper's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare FlexShopper's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:FPAY Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 59.1%
United States of America Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:FPAY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:FPAY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqCM:FPAY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 85 -18 -12
2018-09-30 76 -13 -13
2018-06-30 72 -11 -12
2018-03-31 70 -9 -12
2017-12-31 67 -7 -11
2017-09-30 65 -8 -10
2017-06-30 61 -13 -11
2017-03-31 55 -16 -12
2016-12-31 48 -17 -13
2016-09-30 40 -15 -13
2016-06-30 33 -14 -12
2016-03-31 27 -14 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if FlexShopper is high growth as no earnings estimate data is available.
  • Unable to determine if FlexShopper is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:FPAY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from FlexShopper Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:FPAY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqCM:FPAY Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -1.39
2018-09-30 -2.44
2018-06-30 -2.33
2018-03-31 -2.25
2017-12-31 -2.01
2017-09-30 -1.91
2017-06-30 -2.07
2017-03-31 -2.36
2016-12-31 -2.57
2016-09-30 -2.46
2016-06-30 -2.27
2016-03-31 -1.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if FlexShopper will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of FPAY’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. FlexShopper's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. FlexShopper's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess FlexShopper's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FlexShopper has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FPAY Past Performance

  How has FlexShopper performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FlexShopper's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FlexShopper does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare FlexShopper's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare FlexShopper's 1-year growth to the US Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
FlexShopper's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FlexShopper Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:FPAY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 84.73 -11.89 30.81
2018-09-30 76.45 -13.39 30.18
2018-06-30 71.95 -12.39 27.87
2018-03-31 69.56 -11.93 26.32
2017-12-31 67.05 -10.65 25.68
2017-09-30 64.96 -10.10 27.14
2017-06-30 60.78 -10.93 27.03
2017-03-31 54.83 -12.46 25.60
2016-12-31 47.58 -13.47 23.88
2016-09-30 40.41 -12.86 21.34
2016-06-30 33.49 -11.85 15.60
2016-03-31 27.10 -10.06 11.68
2015-12-31 20.68 -8.92 10.56
2015-09-30 16.13 -7.08 10.83
2015-06-30 12.33 -6.02 10.93
2015-03-31 8.68 -4.78 8.22
2014-12-31 5.01 -4.42 6.55
2014-09-30 2.41 -3.47 4.59
2014-06-30 0.79 -2.38 2.93
2014-03-31 0.10 -1.76 1.91
2013-12-31 0.00 -0.66 0.66
2013-09-30 0.59 0.06 0.42
2013-06-30 1.27 0.17 0.81
2013-03-31 1.98 0.34 1.22
2012-12-31 2.53 0.38 1.64
2012-09-30 2.46 0.34 1.60
2012-06-30 2.40 0.29 1.60
2012-03-31 2.36 0.29 1.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if FlexShopper has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if FlexShopper has efficiently used its assets last year compared to the US Diversified Financial industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if FlexShopper improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess FlexShopper's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FlexShopper has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FPAY Health

 How is FlexShopper's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up FlexShopper's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FlexShopper is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FlexShopper's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FlexShopper's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FlexShopper Company Filings, last reported 2 months ago.

NasdaqCM:FPAY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8.49 30.09 6.14
2018-09-30 11.04 15.95 7.28
2018-06-30 2.66 19.21 2.06
2018-03-31 4.09 18.08 1.80
2017-12-31 6.32 18.79 4.97
2017-09-30 10.26 8.22 3.83
2017-06-30 11.97 9.61 5.53
2017-03-31 13.49 10.28 5.14
2016-12-31 14.53 10.16 5.41
2016-09-30 18.01 7.04 13.09
2016-06-30 20.55 6.92 17.82
2016-03-31 3.57 8.03 1.64
2015-12-31 6.17 8.79 3.40
2015-09-30 9.59 1.79 4.67
2015-06-30 11.71 1.32 7.79
2015-03-31 13.50 0.90 10.18
2014-12-31 6.33 1.00 2.88
2014-09-30 6.94 0.00 4.50
2014-06-30 5.82 0.00 4.69
2014-03-31 2.34 0.15 0.96
2013-12-31 3.06 0.00 0.96
2013-09-30 2.53 3.69 1.26
2013-06-30 2.79 5.42 0.75
2013-03-31 2.76 5.97 0.70
2012-12-31 2.70 4.98 0.61
2012-09-30 2.63 5.19 1.42
2012-06-30 2.51 7.77 0.82
2012-03-31 2.33 5.41 0.52
  • FlexShopper's level of debt (354.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 354.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • FlexShopper has less than a year of cash runway based on current free cash flow.
  • FlexShopper has less than a year of cash runway if free cash flow continues to reduce at historical rates of -4.7% each year.
X
Financial health checks
We assess FlexShopper's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FlexShopper has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FPAY Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from FlexShopper dividends.
If you bought $2,000 of FlexShopper shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate FlexShopper's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FlexShopper's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:FPAY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:FPAY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as FlexShopper has not reported any payouts.
  • Unable to verify if FlexShopper's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FlexShopper's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FlexShopper has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess FlexShopper's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FlexShopper afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FlexShopper has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FPAY Management

 What is the CEO of FlexShopper's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brad Bernstein
COMPENSATION $391,674
AGE 53
TENURE AS CEO 4.3 years
CEO Bio

Mr. Brad Mitchell Bernstein is a Co-Founder of Anchor Funding Services, Inc., (also known as Flexshopper, Inc) and has been its President since January 31, 2007 also Chief Executive Officer since December 29, 2014 also serves as its Secretary. Mr. Bernstein served as Chief Financial Officer at Flexshopper, Inc., from January 2007 to December 29, 2014. He served as President and Chief Financial Officer of Anchor Funding Services, LLC since its formation in 2003. Previously, he was employed by Preferred Labor LLC from March 1999 to January 2007 and served as its Chief Financial Officer and President. Before joining Preferred Labor LLC, he was a Partner of Miller, Ellin Consulting Group, LLP. Mr. Bernstein advised companies in many areas to improve their operations and increase their profitability. His clients also included major commercial and investment banks, asset based lenders and factoring companies. These institutions relied on his ability to oversee due diligence engagements and evaluate a Company's financial performance, its internal control structure and the quality of its assets before making investments or loans. He has used his banking relationships to raise debt and negotiate and structure financing for companies. He has been the Chairman of Flexshopper, Inc. since February 8, 2016. He has been a Director of Anchor Funding Services, Inc., since January 31, 2007. He received Bachelor of Arts degree from Columbia University.

CEO Compensation
  • Brad's compensation has increased whilst company is loss making.
  • Brad's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the FlexShopper management team in years:

3.8
Average Tenure
48
Average Age
  • The tenure for the FlexShopper management team is about average.
Management Team

Brad Bernstein

TITLE
Co-Founder
COMPENSATION
$392K
AGE
53
TENURE
4.3 yrs

Russ Heiser

TITLE
Chief Financial Officer
COMPENSATION
$298K
AGE
43
TENURE
3.3 yrs

Ravi Radhakrishnan

TITLE
Chief Risk Officer
AGE
38
TENURE
3.1 yrs

Frank Matasavage

TITLE
Controller
COMPENSATION
$149K
AGE
62
TENURE
5.2 yrs
Board of Directors Tenure

Average tenure and age of the FlexShopper board of directors in years:

3.1
Average Tenure
53
Average Age
  • The tenure for the FlexShopper board of directors is about average.
Board of Directors

Howard Dvorkin

TITLE
Chairman of the Board

Brad Bernstein

TITLE
Co-Founder
COMPENSATION
$392K
AGE
53
TENURE
3.1 yrs

Carl Pradelli

TITLE
Independent Director
COMPENSATION
$49K
AGE
51
TENURE
4.7 yrs

T. King

TITLE
Independent Director
COMPENSATION
$49K
AGE
66
TENURE
4.3 yrs

James Allen

TITLE
Director
COMPENSATION
$62K
AGE
58
TENURE
3.1 yrs

Daniel Ballen

TITLE
Independent Director
AGE
35
TENURE
2.3 yrs

Sean Hinze

TITLE
Independent Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by FlexShopper insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Mar 19 Buy Pita Holdings LLC Company 14. Mar 19 18. Mar 19 59,140 $0.84 $49,562
31. Dec 18 Buy Howard Dvorkin Individual 27. Dec 18 27. Dec 18 51,640 $0.72 $37,181
27. Dec 18 Buy Howard Dvorkin Individual 24. Dec 18 24. Dec 18 42,538 $0.69 $29,139
21. Dec 18 Buy Howard Dvorkin Individual 20. Dec 18 20. Dec 18 33,420 $0.71 $23,661
20. Dec 18 Buy Howard Dvorkin Individual 19. Dec 18 19. Dec 18 24,000 $0.71 $17,112
19. Dec 18 Buy Howard Dvorkin Individual 18. Dec 18 18. Dec 18 30,000 $0.71 $21,390
17. Dec 18 Buy Howard Dvorkin Individual 14. Dec 18 14. Dec 18 167,007 $0.72 $120,913
09. Nov 18 Buy Howard Dvorkin Individual 07. Nov 18 08. Nov 18 90,114 $0.75 $66,098
31. Oct 18 Buy Howard Dvorkin Individual 26. Oct 18 31. Oct 18 68,599 $0.82 $53,983
24. Oct 18 Buy Howard Dvorkin Individual 23. Oct 18 23. Oct 18 20,000 $0.78 $15,600
19. Oct 18 Buy Howard Dvorkin Individual 17. Oct 18 17. Oct 18 50,883 $0.79 $40,198
01. Oct 18 Buy Ravi Radhakrishnan Individual 28. Sep 18 28. Sep 18 90,000 $1.00 $90,000
01. Oct 18 Buy Carl Pradelli Individual 28. Sep 18 28. Sep 18 75,000 $1.00 $75,000
01. Oct 18 Buy Brad Bernstein Individual 28. Sep 18 28. Sep 18 50,000 $1.00 $50,000
01. Oct 18 Buy T. King Individual 28. Sep 18 28. Sep 18 200,000 $1.00 $200,000
01. Oct 18 Buy James Allen Individual 28. Sep 18 28. Sep 18 100,000 $1.00 $100,000
X
Management checks
We assess FlexShopper's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FlexShopper has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FPAY News

Simply Wall St News

Do Insiders Own Lots Of Shares In FlexShopper, Inc. (NASDAQ:FPAY)?

So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … It has a market capitalization of US$15m, which means it wouldn't have the attention of many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

Are Insiders Buying FlexShopper, Inc. (NASDAQ:FPAY) Stock?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So we'll take a look at whether insiders have been buying or selling shares in FlexShopper, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Is FlexShopper Inc's (NASDAQ:FPAY) CEO Overpaid Relative To Its Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Brad Bernstein's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that FlexShopper Inc has a market cap of US$13m, and is paying total annual CEO compensation of US$392k.

Simply Wall St -

Is FlexShopper Inc's (NASDAQ:FPAY) CEO Paid At A Competitive Rate?

Brad Bernstein is the CEO of FlexShopper Inc (NASDAQ:FPAY), which has recently grown to a market capitalization of US$17.02m. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor.

Simply Wall St -

Is FlexShopper Inc's (NASDAQ:FPAY) CEO Paid At A Competitive Rate?

Earnings is a powerful indication of FPAY's ability to invest shareholders' funds and generate returns. … Therefore I will use earnings as a proxy of Bernstein's performance in the past year. … Usually I'd use market cap and profit as factors determining performance, however, FPAY's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Where FlexShopper Inc (NASDAQ:FPAY) Stands In Earnings Growth Against Its Industry

Assessing FlexShopper Inc's (NASDAQ:FPAY) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how FlexShopper is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its diversified financial industry peers. … Check out our latest analysis for FlexShopper Were FPAY's earnings stronger than its past performances and the industry?

Simply Wall St -

Who Are The Top Investors In Flexshopper Inc (NASDAQ:FPAY)?

Check out our latest analysis for Flexshopper NasdaqCM:FPAY Ownership_summary Mar 15th 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … But investors should also check whether hedge funds, mostly active investors with a short-term horizon, have a significant stake. … Next Steps: Although FPAY has a low level of overall institutional ownership, active hedge funds still have a significant stake in the company.

Simply Wall St -

Should You Be Holding Flexshopper Inc (NASDAQ:FPAY) Right Now?

Based on this beta value, FPAY appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … FPAY, with its market capitalisation of US$15.61M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … However, this is the opposite to what FPAY’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

Is Flexshopper Inc's (NASDAQ:FPAY) CEO Pay Fair?

Check out our latest analysis for Flexshopper What has FPAY's performance been like? … Performance can be measured based on factors such as earnings and total shareholder return (TSR). … Normally I would use earnings and market cap to account for variations in performance, however, FPAY's negative earnings lower the usefulness of my formula.

Simply Wall St -

Flexshopper Inc (NASDAQ:FPAY): How Much Growth Is Left In Financials?

Flexshopper Inc (NASDAQ:FPAY), a USD$22.49M small-cap, is a financial services company operating in an industry, which tends to be appealing to risk-averse investors attracted to steady revenues, low volatility and high dividend yields. … Financial services analysts are forecasting for the entire industry, a fairly unexciting growth rate of 8.07% in the upcoming year , and an overall negative growth rate in the next couple of years. … NasdaqCM:FPAY PE PEG Gauge Jan 10th 18 Financial services companies are typically trading at a PE of 14x, lower than the rest of the US stock market PE of 20x.

Simply Wall St -

FPAY Company Info

Description

FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC, provides various types of durable goods to consumers on a lease-to-own basis (LTO) to consumers of third party retailers and e-tailers. It offers products through FlexShopper.com, an LTO e-commerce marketplace; e-commerce sites and in-store terminals by utilizing FlexShopper’s LTO payment method; and facilitation of LTO transactions with retailers. The company was formerly known as Anchor Funding Services, Inc. and changed its name to FlexShopper, Inc. in October 2013. FlexShopper, Inc. was founded in 2003 and is based in Boca Raton, Florida.

Details
Name: FlexShopper, Inc.
FPAY
Exchange: NasdaqCM
Founded: 2003
$14,941,131
17,579,870
Website: http://www.flexshopper.com
Address: FlexShopper, Inc.
2700 North Military Trail,
Suite 200,
Boca Raton,
Florida, 33431,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM FPAY Common Stock Nasdaq Capital Market US USD 12. Dec 2007
Number of employees
Current staff
Staff numbers
135
FlexShopper employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:13
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2019/03/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.