AMEX:FSI

Stock Analysis Report

Flexible Solutions International

Executive Summary

Flexible Solutions International Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and inetrnationally.

Snowflake

Fundamentals

High growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Flexible Solutions International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

FSI

3.6%

US Chemicals

3.4%

US Market


1 Year Return

73.6%

FSI

-7.3%

US Chemicals

5.4%

US Market

Return vs Industry: FSI exceeded the US Chemicals industry which returned -7.3% over the past year.

Return vs Market: FSI exceeded the US Market which returned 5.4% over the past year.


Shareholder returns

FSIIndustryMarket
7 Day2.0%3.6%3.4%
30 Day0.8%-2.6%-1.0%
90 Day-36.9%-1.7%-0.4%
1 Year90.3%73.6%6.4%-7.3%7.7%5.4%
3 Year25.7%14.7%41.2%15.5%46.2%36.8%
5 Year119.2%100.0%43.3%12.6%65.6%47.5%

Price Volatility Vs. Market

How volatile is Flexible Solutions International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Flexible Solutions International undervalued compared to its fair value and its price relative to the market?

46.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FSI ($2.5) is trading above our estimate of fair value ($1.15)

Significantly Undervalued: FSI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FSI is poor value based on its PE Ratio (46.1x) compared to the Chemicals industry average (19x).

PE vs Market: FSI is poor value based on its PE Ratio (46.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: FSI is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: FSI is good value based on its PB Ratio (1.7x) compared to the US Chemicals industry average (2x).


Next Steps

Future Growth

How is Flexible Solutions International forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

89.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSI's forecast earnings growth (89.5% per year) is above the savings rate (2.7%).

Earnings vs Market: FSI's earnings (89.5% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FSI's revenue (21.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: FSI's revenue (21.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if FSI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Flexible Solutions International performed over the past 5 years?

2.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FSI's earnings have grown by 2.6% per year over the past 5 years.

Accelerating Growth: FSI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FSI had negative earnings growth (-40.6%) over the past year, making it difficult to compare to the Chemicals industry average (-2%).


Return on Equity

High ROE: FSI's Return on Equity (4%) is considered low.


Return on Assets

ROA vs Industry: FSI's Return on Assets is below or equal to the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: FSI's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Flexible Solutions International's financial position?


Financial Position Analysis

Short Term Liabilities: FSI's short term assets ($18.2M) exceeds its short term liabilities ($6.5M)

Long Term Liabilities: FSI's short term assets (18.2M) exceeds its long term liabilities (5.6M)


Debt to Equity History and Analysis

Debt Level: FSI's debt to equity ratio (36.7%) is considered satisfactory

Reducing Debt: FSI's debt to equity ratio has increased from 19.1% to 36.7% over the past 5 years.

Debt Coverage: FSI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: FSI's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet

Inventory Level: FSI has a high level of physical assets or inventory.

Debt Coverage by Assets: FSI's debt is covered by short term assets (assets are 2.461440x debt).


Next Steps

Dividend

What is Flexible Solutions International's current dividend yield, its reliability and sustainability?

6.00%

Current Dividend Yield


Dividend Yield vs Market

company6.0%marketbottom25%1.5%markettop25%3.8%industryaverage2.2%forecastin3Years7.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FSI's dividend (6%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: FSI's dividend (6%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: Too early to tell whether FSI's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FSI's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (276.4%), FSI's dividend payments are not well covered by earnings.


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.


Next Steps

Management

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

7.6yrs

Average board tenure


CEO

Dan O’Brien (62yo)

21.3yrs

Tenure

US$898,166

Compensation

Mr. Daniel B. O’Brien, also known as Dan, has been the Chief Executive Officer and President of Flexible Solutions International Inc. since June 1998, has been its Principal Financial Officer and Accountin ...


CEO Compensation Analysis

Compensation vs. Market: Dan's total compensation ($USD898.17K) is about average for companies of similar size in the US market ($USD493.02K).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Board Age and Tenure

7.6yrs

Average Tenure

61.5yo

Average Age

Experienced Board: FSI's board of directors are considered experienced (7.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Dan O’Brien (62yo)

    President

    • Tenure: 21.3yrs
    • Compensation: US$898.17k

Board Members

  • John Bientjes (66yo)

    Independent Director

    • Tenure: 19.7yrs
    • Compensation: US$5.00k
  • Dan O’Brien (62yo)

    President

    • Tenure: 21.3yrs
    • Compensation: US$898.17k
  • David Fynn (61yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$5.00k
  • Rob Helina (53yo)

    Director

    • Tenure: 8yrs
    • Compensation: US$5.00k
  • Tom Fyles (67yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: US$5.00k
  • Ben Seaman (39yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$5.00k

Company Information

Flexible Solutions International Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Flexible Solutions International Inc.
  • Ticker: FSI
  • Exchange: AMEX
  • Founded: 1991
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: US$30.286m
  • Shares outstanding: 12.11m
  • Website: https://www.flexiblesolutions.com

Number of Employees


Location

  • Flexible Solutions International Inc.
  • 6001 54 Avenue
  • Taber
  • Alberta
  • T1G 1X4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FSIAMEX (NYSE MKT LLC)YesCommon SharesUSUSDNov 1999
FXTDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 1999

Biography

Flexible Solutions International Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and inetrnati ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 23:46
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.