Flexsteel Industries Financials

FLXS Stock  USD 60.24  0.25  0.42%   
Based on the key indicators related to Flexsteel Industries' liquidity, profitability, solvency, and operating efficiency, Flexsteel Industries is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in December. At this time, Flexsteel Industries' Property Plant Equipment is comparatively stable compared to the past year. Long Term Debt is likely to gain to about 8.4 M in 2024, whereas Other Current Liabilities is likely to drop slightly above 20.1 M in 2024. Key indicators impacting Flexsteel Industries' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.0880.0821
Notably Up
Slightly volatile
Current Ratio4.172.5723
Way Up
Slightly volatile
The financial analysis of Flexsteel Industries is a critical element in measuring its lifeblood. Investors should not minimize Flexsteel Industries' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

8.15 Million

  
Understanding current and past Flexsteel Industries Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Flexsteel Industries' financial statements are interrelated, with each one affecting the others. For example, an increase in Flexsteel Industries' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Flexsteel Industries' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Flexsteel Industries. Check Flexsteel Industries' Beneish M Score to see the likelihood of Flexsteel Industries' management manipulating its earnings.

Flexsteel Industries Stock Summary

Flexsteel Industries competes with Hooker Furniture, Bassett Furniture, Willis Lease, Rocky Brands, and First Business. 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, Inc. was founded in 1893 and is based in Dubuque, Iowa. Flexsteel Inds is traded on NASDAQ Exchange in the United States.
Specialization
Consumer Discretionary, Furnishings, Fixtures & Appliances
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3393821034
CUSIP339382103
LocationIowa; U.S.A
Business Address385 Bell Street,
SectorHousehold Durables
IndustryConsumer Discretionary
BenchmarkDow Jones Industrial
Websitewww.flexsteel.com
Phone563 556 7730
CurrencyUSD - US Dollar

Flexsteel Industries Key Financial Ratios

Flexsteel Industries Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets237.3M296.8M268.7M290.6M274.5M178.4M
Other Current Liab21.3M26.1M26.1M23.2M34.6M20.1M
Net Debt(36.2M)32.3M41.9M24.9M65.7M68.9M
Retained Earnings137.3M157.1M155.3M166.8M174.1M116.0M
Cash48.2M1.3M2.2M3.4M4.8M4.5M
Net Receivables32.2M56.0M41.1M38.2M44.2M37.2M
Inventory70.6M161.1M141.2M122.1M96.6M68.4M
Other Current Assets18.5M9.4M5.0M6.4M9.8M7.7M
Total Liab61.8M128.8M137.2M148.9M124.1M130.3M
Total Current Assets181.8M228.5M190.1M170.6M155.4M127.9M
Accounts Payable27.7M67.8M32.1M24.7M25.8M14.8M
Common Stock8.0M8.1M8.2M8.3M8.4M7.8M
Other Liab685K29.1M823K577K663.6K630.4K
Other Assets3.4M1.4M1.9M1.00.90.86
Net Tangible Assets175.5M168.0M131.6M141.6M127.5M143.2M
Net Invested Capital175.5M171.5M37.7M28.3M155.2M124.6M
Net Working Capital128.4M128.8M125.4M115.5M95.0M101.8M

Flexsteel Industries Key Income Statement Accounts

The reason investors look at the income statement is to determine what Flexsteel Industries' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense82K10K835K1.3M1.6M1.5M
Total Revenue366.9M478.9M544.3M393.7M412.8M354.1M
Gross Profit53.1M96.7M72.7M70.9M87.2M76.1M
Operating Income(19.4M)31.2M6.6M10.5M16.8M14.6M
Ebit(18.7M)29.0M6.1M7.8M16.8M14.1M
Ebitda(10.3M)34.2M11.2M12.3M20.8M19.4M
Cost Of Revenue313.9M382.2M471.6M322.7M325.5M278.1M
Income Before Tax(33.8M)31.5M5.9M9.2M15.6M12.9M
Net Income(26.8M)23.0M1.9M14.8M10.5M8.2M
Income Tax Expense(6.9M)8.4M4.1M(5.6M)5.0M4.8M
Research Development4M1.9M2.9M2.1M2.4M3.2M
Non Recurring3.6M31.8M(2.4M)(670K)(770.5K)(732.0K)
Tax Provision(6.9M)8.4M4.1M(5.6M)5.0M3.5M
Net Interest Income(82K)(10K)(835K)(1.3M)(1.6M)(1.5M)

Flexsteel Industries Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory23.1M(90.6M)19.9M19.1M25.5M26.8M
Change In Cash26.0M(46.9M)842K1.2M1.4M1.5M
Free Cash Flow14.6M(35.3M)4.1M18.2M27.1M28.5M
Depreciation8.4M5.2M5.2M4.6M4.0M5.4M
Other Non Cash Items2.8M(4.5M)(2.0M)(693K)(11.3M)(11.9M)
Dividends Paid7.0M2.6M3.9M3.2M3.2M4.1M
Capital Expenditures3.7M2.6M3.9M4.8M4.8M7.5M
Net Income(26.8M)23.0M1.9M14.8M10.5M8.2M
End Period Cash Flow48.2M1.3M2.2M3.4M4.8M4.5M
Investments16.8M(1K)(1.9M)(4.5M)(593K)(563.4K)
Change To Netincome11.2M1.1M(1.0M)(4.7M)(5.4M)(5.1M)

Flexsteel Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Flexsteel Industries's current stock value. Our valuation model uses many indicators to compare Flexsteel Industries value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Flexsteel Industries competition to find correlations between indicators driving Flexsteel Industries's intrinsic value. More Info.
Flexsteel Industries is one of the top stocks in return on equity category among its peers. It is rated # 3 in return on asset category among its peers reporting about  0.50  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Flexsteel Industries is roughly  1.99 . At this time, Flexsteel Industries' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Flexsteel Industries by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Flexsteel Industries Systematic Risk

Flexsteel Industries' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Flexsteel Industries volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Beta measures systematic risk based on how returns on Flexsteel Industries correlated with the market. If Beta is less than 0 Flexsteel Industries generally moves in the opposite direction as compared to the market. If Flexsteel Industries Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Flexsteel Industries is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Flexsteel Industries is generally in the same direction as the market. If Beta > 1 Flexsteel Industries moves generally in the same direction as, but more than the movement of the benchmark.

Flexsteel Industries Thematic Clasifications

Flexsteel Industries is part of Consumer Goods investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Consumer Goods industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Consumer GoodsView
This theme covers USA Equities from Consumer Goods industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Flexsteel Industries Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Flexsteel Industries' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Flexsteel Industries growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.61)

At this time, Flexsteel Industries' Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Flexsteel Industries November 11, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Flexsteel Industries help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Flexsteel Industries. We use our internally-developed statistical techniques to arrive at the intrinsic value of Flexsteel Industries based on widely used predictive technical indicators. In general, we focus on analyzing Flexsteel Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Flexsteel Industries's daily price indicators and compare them against related drivers.

Additional Tools for Flexsteel Stock Analysis

When running Flexsteel Industries' price analysis, check to measure Flexsteel Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.