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Flexsteel Industries

Nasdaq:FLXS
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLXS
Nasdaq
$84M
Market Cap
  1. Home
  2. US
  3. Consumer Durables
Company description

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
  • Flexsteel Industries has significant price volatility in the past 3 months.
FLXS Share Price and Events
7 Day Returns
-6.3%
NasdaqGS:FLXS
-13.1%
US Consumer Durables
-4.1%
US Market
1 Year Returns
-58.4%
NasdaqGS:FLXS
-31.2%
US Consumer Durables
-14.9%
US Market
FLXS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Flexsteel Industries (FLXS) -6.3% -26.5% -47.2% -58.4% -79.9% -67.5%
US Consumer Durables -13.1% -41.1% -41.3% -31.2% -32.9% -30.8%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • FLXS underperformed the Consumer Durables industry which returned -31.2% over the past year.
  • FLXS underperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
FLXS
Industry
5yr Volatility vs Market

FLXS Value

 Is Flexsteel Industries 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 Flexsteel Industries 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 Flexsteel Industries.

NasdaqGS:FLXS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ .880000
Payout Ratio Company Filings (2019-12-31) 2461.4%
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqGS:FLXS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.721 (1 + (1- 21%) (16.86%))
1.014
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.014 * 5.44%)
7.26%

Discounted Cash Flow Calculation for NasdaqGS:FLXS using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Flexsteel Industries is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

NasdaqGS:FLXS Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.88 / (7.26% - 1.74%)
$15.95
NasdaqGS:FLXS Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.95
Current discount Discount to share price of $10.50
= -1 x ($10.50 - $15.95) / $15.95
34.2%

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

Current Discount
Amount off the current price Flexsteel Industries is available for.
Intrinsic value
34%
Share price is $10.5 vs Future cash flow value of $15.95
Current Discount Checks
For Flexsteel Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Flexsteel Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Flexsteel Industries's share price is below the future cash flow value, but not 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 Flexsteel Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Flexsteel Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:FLXS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-3.95
NasdaqGS:FLXS Share Price ** NasdaqGS (2020-04-02) in USD $10.5
United States of America Consumer Durables Industry PE Ratio Median Figure of 44 Publicly-Listed Consumer Durables Companies 6.73x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

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

** Primary Listing of Flexsteel Industries.

NasdaqGS:FLXS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FLXS Share Price ÷ EPS (both in USD)

= 10.5 ÷ -3.95

-2.66x

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

  • Flexsteel Industries is loss making, we can't compare its value to the US Consumer Durables industry average.
  • Flexsteel Industries 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 Flexsteel Industries's expected growth come at a high price?
Raw Data
NasdaqGS:FLXS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.66x
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 Consumer Durables Industry PEG Ratio Median Figure of 35 Publicly-Listed Consumer Durables Companies 0.63x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*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 Flexsteel Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Flexsteel Industries's assets?
Raw Data
NasdaqGS:FLXS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $26.32
NasdaqGS:FLXS Share Price * NasdaqGS (2020-04-02) in USD $10.5
United States of America Consumer Durables Industry PB Ratio Median Figure of 69 Publicly-Listed Consumer Durables Companies 0.7x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqGS:FLXS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FLXS Share Price ÷ Book Value per Share (both in USD)

= 10.5 ÷ 26.32

0.4x

* Primary Listing of Flexsteel Industries.

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

  • Flexsteel Industries is good value based on assets compared to the US Consumer Durables industry average.
X
Value checks
We assess Flexsteel Industries'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Flexsteel Industries 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.

FLXS Future Performance

 How is Flexsteel Industries 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 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 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
7.1%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Flexsteel Industries expected to grow at an attractive rate?
  • Unable to compare Flexsteel Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Flexsteel Industries's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Flexsteel Industries's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:FLXS Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
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
NasdaqGS:FLXS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
NasdaqGS:FLXS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 415 -3 -31
2019-09-30 430 -7 -24
2019-06-30 444 7 -33
2019-03-31 456 26 -11
2018-12-31 472 37 8
2018-09-30 483 36 13
2018-06-30 489 27 18
2018-03-31 494 17 22
2017-12-31 487 16 26
2017-09-30 477 17 25
2017-06-30 469 26 24
2017-03-31 474 46 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Flexsteel Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Flexsteel Industries 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
NasdaqGS:FLXS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Flexsteel Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FLXS Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -3.95
2019-09-30 -3.08
2019-06-30 -4.13
2019-03-31 -1.33
2018-12-31 1.03
2018-09-30 1.63
2018-06-30 2.25
2018-03-31 2.74
2017-12-31 3.33
2017-09-30 3.23
2017-06-30 3.06
2017-03-31 3.09

*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 Flexsteel Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Flexsteel Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Flexsteel Industries'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 Consumer Durables companies here
  3. Flexsteel Industries'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 Flexsteel Industries'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.
Flexsteel Industries 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.

FLXS Past Performance

  How has Flexsteel Industries 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 Flexsteel Industries's growth in the last year to its industry (Consumer Durables).
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.
  • Flexsteel Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Flexsteel Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Flexsteel Industries's 1-year growth to the US Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
Flexsteel Industries'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 Flexsteel Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FLXS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 415.05 -31.30 70.89 4.40
2019-09-30 430.45 -24.35 73.48 4.40
2019-06-30 443.59 -32.61 74.90 4.40
2019-03-31 456.47 -10.50 70.44 3.90
2018-12-31 471.79 8.13 69.70 3.90
2018-09-30 482.83 12.78 68.71 3.90
2018-06-30 489.18 17.67 68.05 3.90
2018-03-31 493.52 21.50 71.61 3.70
2017-12-31 487.41 26.05 70.42 3.70
2017-09-30 476.55 25.21 69.07 3.70
2017-06-30 468.76 23.79 70.96 3.70
2017-03-31 474.09 23.93 71.82 4.20
2016-12-31 478.74 23.25 73.38 4.20
2016-09-30 485.63 23.23 74.45 4.20
2016-06-30 500.11 24.24 73.91 4.20
2016-03-31 498.67 23.85 72.53 4.10
2015-12-31 495.79 23.87 71.30 4.10
2015-09-30 484.77 23.18 71.29 4.10
2015-06-30 466.90 22.30 71.19 4.10
2015-03-31 456.71 22.15 71.00 2.80
2014-12-31 444.71 19.61 70.75 2.80
2014-09-30 442.86 16.10 70.61 2.80
2014-06-30 438.54 14.99 69.63 2.80
2014-03-31 429.43 13.60 69.38 2.50
2013-12-31 417.24 12.30 68.00 2.50
2013-09-30 399.30 14.05 65.80 2.50
2013-06-30 386.19 13.15 65.40 2.50

*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 Flexsteel Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Flexsteel Industries has efficiently used its assets last year compared to the US Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Flexsteel Industries 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 Flexsteel Industries'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 Consumer Durables 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.
Flexsteel Industries 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.

FLXS Health

 How is Flexsteel Industries'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 Flexsteel Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Flexsteel Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Flexsteel Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Flexsteel Industries'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.
  • Flexsteel Industries has no debt, it does not need to be covered by short term assets.
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 Flexsteel Industries Company Filings, last reported 3 months ago.

NasdaqGS:FLXS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 209.24 0.00 37.33
2019-09-30 214.52 0.00 36.24
2019-06-30 205.43 0.00 22.25
2019-03-31 226.63 0.00 28.59
2018-12-31 241.79 0.00 33.57
2018-09-30 241.66 0.00 41.30
2018-06-30 241.70 0.00 43.70
2018-03-31 241.47 0.00 41.57
2017-12-31 239.80 0.00 37.52
2017-09-30 235.10 0.00 47.41
2017-06-30 230.76 0.00 46.83
2017-03-31 225.49 0.00 47.59
2016-12-31 218.46 0.00 40.82
2016-09-30 214.03 0.00 42.67
2016-06-30 209.65 0.00 36.78
2016-03-31 204.26 0.00 15.37
2015-12-31 197.62 5.95 0.33
2015-09-30 191.88 6.81 1.87
2015-06-30 186.75 11.90 1.28
2015-03-31 181.24 14.75 5.73
2014-12-31 175.21 16.00 0.16
2014-09-30 170.45 12.00 10.31
2014-06-30 166.74 0.00 22.18
2014-03-31 160.20 0.00 17.31
2013-12-31 155.84 0.00 8.88
2013-09-30 154.40 0.00 10.63
2013-06-30 151.24 0.00 10.93
  • Flexsteel Industries has no debt.
  • Flexsteel Industries has no debt compared to 5 years ago when it was 9.1%.
  • Flexsteel Industries has no debt, it does not need to be covered by operating cash flow.
  • Flexsteel Industries has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Flexsteel Industries'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. Flexsteel Industries has a total score of 6/6, 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.

FLXS Dividends

 What is Flexsteel Industries'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
8.38%
Current annual income from Flexsteel Industries dividends.
If you bought $2,000 of Flexsteel Industries shares you are expected to receive $168 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?
  • Flexsteel Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.04%).
  • Flexsteel Industries's dividend is above the markets top 25% of dividend payers in United States of America (5.7%).
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
NasdaqGS:FLXS 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 Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

NasdaqGS:FLXS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-09 0.880 7.728
2019-12-10 0.880 5.081
2019-09-09 0.880 5.396
2019-06-04 0.880 5.299
2019-03-05 0.880 3.974
2018-12-11 0.880 3.678
2018-09-11 0.880 3.252
2018-06-05 0.880 2.355
2018-03-06 0.880 2.305
2017-12-05 0.880 1.985
2017-09-12 0.880 1.800
2017-06-06 0.800 1.543
2017-03-07 0.800 1.570
2016-12-07 0.800 1.450
2016-09-13 0.800 1.633
2016-06-14 0.720 1.681
2016-03-08 0.720 1.722
2015-12-08 0.720 1.705
2015-09-15 0.720 1.870
2015-06-09 0.720 1.912
2015-03-10 0.720 2.128
2014-12-09 0.720 2.320
2014-09-09 0.720 2.131
2014-06-10 0.600 1.803
2014-03-11 0.600 1.701
2013-12-10 0.600 1.930
2013-09-10 0.600 2.320
2013-06-11 0.600 2.509
2013-03-12 0.600 2.685
2012-11-30 0.600 2.703
2012-09-11 0.600 3.032
2012-06-05 0.600 2.871
2012-03-13 0.400 2.077
2011-12-13 0.400 2.678
2011-09-12 0.400 2.845
2011-06-07 0.300 2.031
2011-03-14 0.300 2.011
2010-09-09 0.300 1.879
2010-06-08 0.200 1.702
2010-03-09 0.200 1.443
2009-12-08 0.200 1.885
2009-09-11 0.200 2.424
2009-06-09 0.200 2.520

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Flexsteel Industries's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Flexsteel Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Flexsteel Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Flexsteel Industries has a total score of 4/6, see the detailed checks below.


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

FLXS Management

 What is the CEO of Flexsteel Industries'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
Jerry Dittmer
COMPENSATION $2,561,622
AGE 61
TENURE AS CEO 1.3 years
CEO Bio

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 Executive Officer at Austin Business Furniture since April 2018, a contract furniture dealership in Austin, Texas. He served as the President of the HON Company at HNI Corp. since March 10, 2008. From 1991 to 2018, Mr. Dittmer held various roles with HNI Corporation. Mr. Dittmer served as Senior Vice President of Strategic Development at HNI Corporation since November 6, 2017 until February 16, 2018. Mr. Dittmer served as an Executive Vice President of HNI Corp. since March 10, 2008 until November 6, 2017. He served as Vice President and Chief Financial Officer of HNI Corp. (formerly, Hon Industries Inc.) from 2001 to March 2008 and also served as its Principal Accounting Officer. He joined HNI in 1991 and served in multiple senior-level financial and operational positions within multiple HNI companies. Mr. Dittmer served as Vice President of Finance of HNI Corp. from 2000 to 2001 and its Group Vice President of Seating and Wood from 1999 to 2000, Vice President of Strategic Planning since 1999, Vice President and General Manager of Oak Steel and Mt. Pleasant Plants from 1998 to 1999, Vice President of Information Technology of The HON Company from 1997 to 1998. Mr. Dittmer held several management positions with PricewaterhouseCoopers, Crown Zellerbach, Perlman & Rocque and Arthur Andersen & Co. He is a Certified Public Accountant and Certified Management Accountant. He holds an Industrial Administration and Accounting degree from Iowa State University and completed the Executive Program at the University of Michigan.

CEO Compensation
  • Insufficient data for Jerry to compare compensation growth.
  • Jerry's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Flexsteel Industries management team in years:

1.1
Average Tenure
48
Average Age
  • The average tenure for the Flexsteel Industries management team is less than 2 years, this suggests a new team.
Management Team

Jerry Dittmer

TITLE
President
COMPENSATION
$3M
AGE
61
TENURE
1.3 yrs

Michael McClaflin

TITLE
Chief Information Officer
COMPENSATION
$175K
AGE
56
TENURE
1.1 yrs

Tim Newlin

TITLE
Vice President of Marketing & Product Management
COMPENSATION
$609K
AGE
48
TENURE
0.8 yrs

Terrence Willis

TITLE
Vice President of Direct Commerce
COMPENSATION
$234K
AGE
45
TENURE
1.1 yrs

C. Hayden

TITLE
Vice President of Operations
AGE
57
TENURE
0.7 yrs

Barb Murphy

TITLE
Director of Marketing & Communications
TENURE
2.3 yrs

David Crimmins

TITLE
Vice President of Sales
AGE
38
TENURE
0.6 yrs

Stacy Kammes

TITLE
Vice President of Human Resources
AGE
39
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Flexsteel Industries board of directors in years:

2.3
Average Tenure
62
Average Age
  • The average tenure for the Flexsteel Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tom Levine

TITLE
Independent Chair of the Board
COMPENSATION
$137K
AGE
70

Jerry Dittmer

TITLE
President
COMPENSATION
$3M
AGE
61
TENURE
1.3 yrs

Eric Rangen

TITLE
Independent Director
COMPENSATION
$115K
AGE
62
TENURE
18.3 yrs

Mary Bottie

TITLE
Independent Director
COMPENSATION
$122K
AGE
61
TENURE
16.3 yrs

Bob Maricich

TITLE
Independent Director
COMPENSATION
$102K
AGE
69
TENURE
9.3 yrs

Mike Edwards

TITLE
Independent Director
COMPENSATION
$122K
AGE
58
TENURE
3.3 yrs

Bill Creekmuir

TITLE
Independent Director
COMPENSATION
$51K
AGE
63
TENURE
1.3 yrs

Matt Kaness

TITLE
Independent Director
AGE
46
TENURE
0.6 yrs

Charlie Eitel

TITLE
Independent Director
AGE
69
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Nov 19 Buy William Creekmuir Individual 08. Nov 19 08. Nov 19 2,750 $17.78 $48,895
12. Nov 19 Buy Jerald Dittmer Individual 08. Nov 19 08. Nov 19 5,000 $17.97 $89,850
06. Nov 19 Buy Timothy Newlin Individual 01. Nov 19 01. Nov 19 130 $17.91 $2,328
29. Aug 19 Buy Michael McClaflin Individual 29. Aug 19 29. Aug 19 2,350 $13.52 $31,772
29. Aug 19 Buy C. Hayden Individual 29. Aug 19 29. Aug 19 2,000 $13.58 $27,160
01. Nov 19 Buy Marcus Hamilton Individual 01. Nov 19 01. Nov 19 2,000 $16.83 $33,660
29. Aug 19 Buy Jerald Dittmer Individual 29. Aug 19 29. Aug 19 5,000 $13.39 $66,950
29. Aug 19 Buy Marcus Hamilton Individual 29. Aug 19 29. Aug 19 2,300 $13.52 $31,096
X
Management checks
We assess Flexsteel Industries'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. Flexsteel Industries 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.

FLXS News

Simply Wall St News

Does Flexsteel Industries, Inc. (NASDAQ:FLXS) Have A Particularly Volatile Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Here’s why Flexsteel Industries, Inc.’s (NASDAQ:FLXS) Returns On Capital Matters So Much

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Is Flexsteel Industries, Inc. (NASDAQ:FLXS) A Smart Pick For Income Investors?

Historically, Flexsteel Industries, Inc. … Let's take a look at Flexsteel Industries in more detail. … See our latest analysis for Flexsteel Industries

Simply Wall St -

Why Flexsteel Industries, Inc.'s (NASDAQ:FLXS) High P/E Ratio Isn't Necessarily A Bad Thing

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Based on the last twelve months, Flexsteel Industries's P/E ratio is 24.35. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What Investors Should Know About Flexsteel Industries, Inc.'s (NASDAQ:FLXS) Financial Strength

(NASDAQ:FLXS), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is FLXS right in choosing financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

What Percentage Of Flexsteel Industries, Inc. (NASDAQ:FLXS) Shares Do Insiders Own?

(NASDAQ:FLXS), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … institutions are noticeable on the share registry.

Simply Wall St -

How Do Flexsteel Industries, Inc.’s (NASDAQ:FLXS) Returns Compare To Its Industry?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Does The Flexsteel Industries, Inc. (NASDAQ:FLXS) Share Price Tend To Follow The Market?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Does Flexsteel Industries Inc's (NASDAQ:FLXS) P/E Ratio Tell You?

We'll show how you can use Flexsteel Industries Inc's (NASDAQ:FLXS) P/E ratio to inform your assessment of the investment opportunity. … Flexsteel Industries has a P/E ratio of 14.86, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Flexsteel Industries Inc's (NASDAQ:FLXS) Balance Sheet Strong Enough To Weather A Storm?

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does FLXS's growth rate justify its decision for financial flexibility over lower cost of capital. … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt

Simply Wall St -

FLXS Company Info

Description

Flexsteel Industries, Inc., together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products. Its products are used in home, healthcare, and recreational seating applications. The company distributes products through its sales force and independent representatives in the United States and Canada. Flexsteel Industries, Inc. was founded in 1893 and is headquartered in Dubuque, Iowa.

Details
Name: Flexsteel Industries, Inc.
FLXS
Exchange: NasdaqGS
Founded: 1893
$83,907,421
7,991,183
Website: http://www.flexsteel.com
Address: Flexsteel Industries, Inc.
385 Bell Street,
Dubuque,
Iowa, 52001,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FLXS Common Stock Nasdaq Global Select US USD 03. Apr 1972
Number of employees
Current staff
Staff numbers
1,295
Flexsteel Industries employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 05:52
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/01/31
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.