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FlexShopper

Nasdaq:FPAY
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FPAY
Nasdaq
$21M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC operates as an online lease-to-own (LTO) retailer and LTO payment solution provider. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • FlexShopper has significant price volatility in the past 3 months.
FPAY Share Price and Events
7 Day Returns
-24.8%
NasdaqCM:FPAY
-0.4%
US Diversified Financial
-2%
US Market
1 Year Returns
17.6%
NasdaqCM:FPAY
-14.1%
US Diversified Financial
-15.1%
US Market
FPAY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FlexShopper (FPAY) -24.8% -56% -58.5% 17.6% -78.3% -88.2%
US Diversified Financial -0.4% -18.7% -22% -14.1% 5.5% 21.4%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • FPAY outperformed the Diversified Financial industry which returned -14.1% over the past year.
  • FPAY outperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
FPAY
Industry
5yr Volatility vs Market
Related Companies

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 * -87.5%
$1.43
Book Value of Equity per Share Median Book Value from the past 5 years. $-1.63
Discount Rate (Cost of Equity) See below 9.6%
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 NasdaqCM:FPAY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.711 (1 + (1- 21%) (167.68%))
1.438
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.44
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.438 * 5.44%)
9.56%

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)
= (-87.5% – 9.56%) * $-1.63)
$1.59
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.59 / (9.56% - 1.74%)
$20.29
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $-1.63 + $20.29
$18.65
NasdaqCM:FPAY Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.65
Current discount Discount to share price of $1.00
= -1 x ($1.00 - $18.65) / $18.65
94.6%

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 $1 vs Future cash flow value of $18.65
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 (2019-12-31) in USD $-0.11
NasdaqCM:FPAY Share Price ** NasdaqCM (2020-04-03) in USD $1
United States of America Diversified Financial Industry PE Ratio Median Figure of 15 Publicly-Listed Diversified Financial Companies 3.81x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

* 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)

= 1 ÷ -0.11

-9.5x

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 -9.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
112.4%per year
United States of America Diversified Financial Industry PEG Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies -0.32x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*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 (2019-12-31) in USD $-0.72
NasdaqCM:FPAY Share Price * NasdaqCM (2020-04-03) in USD $1
United States of America Diversified Financial Industry PB Ratio Median Figure of 21 Publicly-Listed Diversified Financial Companies 0.49x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
NasdaqCM:FPAY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1 ÷ -0.72

-1.38x

* 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 2 analysts?

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
112.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FlexShopper expected to grow at an attractive rate?
  • FlexShopper's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • FlexShopper's earnings growth is expected to exceed the United States of America market average.
  • FlexShopper's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:FPAY Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:FPAY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 112.4%
NasdaqCM:FPAY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 25.6%
United States of America Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
United States of America Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
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 (3 months ago) See Below
Future Estimates Average of up to 2 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
2024-12-31
2023-12-31
2022-12-31
2021-12-31 155 10 1
2020-12-31 107 4 2
2020-04-05
NasdaqCM:FPAY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 89 0 -2
2019-09-30 108 -10 -3
2019-06-30 100 -13 -7
2019-03-31 93 -17 -9
2018-12-31 61 -18 -12
2018-09-30 60 -13 -13
2018-06-30 61 -11 -12
2018-03-31 64 -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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FlexShopper's earnings are expected to grow significantly at over 20% yearly.
  • FlexShopper's revenue is expected to grow significantly at over 20% yearly.
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 (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from FlexShopper Company Filings, last reported 3 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
2024-12-31 0.60 0.60 0.60 1.00
2023-12-31 0.50 0.50 0.50 1.00
2022-12-31 0.40 0.40 0.40 1.00
2021-12-31 0.38 0.45 0.30 2.00
2020-12-31 0.19 0.19 0.18 2.00
2020-04-05
NasdaqCM:FPAY Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.11
2019-09-30 -0.19
2019-06-30 -0.51
2019-03-31 -0.78
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

*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.
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 5/6, 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 3 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
2019-12-31 88.79 -1.86 14.99
2019-09-30 107.59 -3.34 30.81
2019-06-30 99.76 -7.44 31.02
2019-03-31 92.68 -9.10 31.05
2018-12-31 61.49 -11.89 15.81
2018-09-30 59.88 -13.39 13.62
2018-06-30 61.29 -12.39 17.21
2018-03-31 64.38 -11.93 23.13
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

*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.
  • FlexShopper has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FlexShopper used its assets more efficiently than the US Diversified Financial industry average last year based on Return on Assets.
  • 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 1/6, 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 1.4x 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 3 months ago.

NasdaqCM:FPAY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 9.97 33.70 6.87
2019-09-30 10.63 25.02 3.17
2019-06-30 9.08 25.25 2.79
2019-03-31 9.05 27.83 2.65
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
  • FlexShopper's level of debt (338%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.6% vs 338% 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 sufficient cash runway for 2.5 years based on current free cash flow.
  • FlexShopper has sufficient cash runway for 1.7 years if free cash flow continues to grow at historical rates of 16.5% 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 4/6, 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 2 Analyst Estimates (S&P Global) See Below
United States of America Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 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 2.1%
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.

NasdaqCM:FPAY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-04-05

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 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 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
Richard House
AGE 55
TENURE AS CEO 0.5 years
CEO Bio

Mr. Richard R. House, Jr. has been Chief Executive Officer of FlexShopper, Inc. since October 7, 2019. Mr. House served as the President of Atlanticus Holdings Corporation (Formerly, CompuCredit Corp.) from October 2000 to March 31, 2014. Mr. House served as Chief Credit Officer from the time he joined CompuCredit Corp. in April 1997 until being named President. Mr. House was a co-founder of Atlanticus Holdings (formerly Compucredit Corp.), which has been a significant lender in the prime and non-prime markets in both the United States and the United Kingdom. Mr. House was the Chief Executive Officer of Veta Finance, Ltd., a provider of technology solutions to lenders in the United States and the United Kingdom. He has years' experience in the consumer credit industry. From 1993 until 1997, he managed and directed Equifax's Decision Solutions division and Equifax's quantitative analysis and modeling group. Prior to joining Equifax in 1991, he was employed by the JC Penney Company, where he held various positions in credit operations and credit policy. He serves as Director of Purpose Financial Holdings, Inc., and MEM Capital Limited. He served as a Director of Atlanticus Holdings Corporation from May 2002 to March 31, 2014. Mr. House earned a BA in Economics from the Georgia Institute of Technology and an MA in Economics from Southern Methodist University.

CEO Compensation
  • Insufficient data for Richard to compare compensation growth.
  • Insufficient data for Richard to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

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

4.3
Average Tenure
54
Average Age
  • The tenure for the FlexShopper management team is about average.
Management Team

Brad Bernstein

TITLE
Co-Founder
COMPENSATION
$453K
AGE
54
TENURE
13.3 yrs

Russ Heiser

TITLE
Chief Financial Officer
COMPENSATION
$348K
AGE
44
TENURE
4.3 yrs

Ravi Radhakrishnan

TITLE
Chief Risk Officer
COMPENSATION
$318K
AGE
39
TENURE
4.2 yrs

Richard House

TITLE
Chief Executive Officer
AGE
55
TENURE
0.5 yrs

Frank Matasavage

TITLE
Controller
COMPENSATION
$149K
AGE
63
TENURE
6.3 yrs
Board of Directors Tenure

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

5.4
Average Tenure
54
Average Age
  • The tenure for the FlexShopper board of directors is about average.
Board of Directors

Howard Dvorkin

TITLE
Chairman of the Board
AGE
54

Brad Bernstein

TITLE
Co-Founder
COMPENSATION
$453K
AGE
54
TENURE
13.3 yrs

Carl Pradelli

TITLE
Independent Director
COMPENSATION
$49K
AGE
52
TENURE
5.8 yrs

T. King

TITLE
Independent Director
COMPENSATION
$49K
AGE
67
TENURE
5.4 yrs

Jim Allen

TITLE
Independent Director
COMPENSATION
$51K
AGE
59
TENURE
4.2 yrs

Sean Hinze

TITLE
Independent Director
AGE
40
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by FlexShopper individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Mar 20 Buy NRNS Capital Holdings, LLC Company 18. Mar 20 19. Mar 20 38,866 $1.19 $45,921
01. Apr 20 Buy Pita Holdings LLC Company 31. Mar 20 31. Mar 20 85,856 $1.28 $109,896
27. Mar 20 Buy Pita Holdings LLC Company 26. Mar 20 26. Mar 20 7,798 $1.18 $9,202
18. Mar 20 Buy NRNS Capital Holdings, LLC Company 17. Mar 20 17. Mar 20 20,000 $1.30 $26,000
16. Mar 20 Buy NRNS Capital Holdings, LLC Company 13. Mar 20 13. Mar 20 25,000 $1.78 $44,500
16. Mar 20 Buy T. King Individual 13. Mar 20 13. Mar 20 25,000 $1.76 $44,000
13. Mar 20 Buy Richard House Individual 12. Mar 20 12. Mar 20 55,200 $1.81 $99,912
12. Mar 20 Buy NRNS Capital Holdings, LLC Company 11. Mar 20 11. Mar 20 25,000 $1.86 $46,500
12. Mar 20 Buy Pita Holdings LLC Company 12. Mar 20 12. Mar 20 27,400 $1.52 $41,648
12. Mar 20 Buy Richard House Individual 10. Mar 20 10. Mar 20 48,201 $2.18 $105,078
09. Mar 20 Buy NRNS Capital Holdings, LLC Company 05. Mar 20 09. Mar 20 43,555 $2.30 $93,927
09. Mar 20 Buy Pita Holdings LLC Company 06. Mar 20 09. Mar 20 151,467 $2.30 $328,619
25. Nov 19 Buy NRNS Capital Holdings, LLC Company 21. Nov 19 22. Nov 19 15,000 $1.55 $23,175
25. Nov 19 Buy Pita Holdings LLC Company 21. Nov 19 22. Nov 19 26,200 $1.56 $40,672
30. Sep 19 Buy Pita Holdings LLC Company 26. Sep 19 27. Sep 19 132,045 $1.53 $201,561
20. Aug 19 Buy Pita Holdings LLC Company 16. Aug 19 20. Aug 19 19,238 $1.62 $31,073
11. Jul 19 Buy Howard Dvorkin Individual 17. Jun 19 19. Jun 19 1,500 $1.08 $1,550
26. Jun 19 Buy NRNS Capital Holdings, LLC Company 25. Jun 19 25. Jun 19 5,225 $1.01 $5,277
26. Jun 19 Buy Pita Holdings LLC Company 24. Jun 19 24. Jun 19 55,894 $1.05 $58,689
14. Jun 19 Buy Pita Holdings LLC Company 12. Jun 19 14. Jun 19 32,100 $0.95 $30,095
14. May 19 Buy NRNS Capital Holdings, LLC Company 10. May 19 14. May 19 130,000 $0.85 $108,488
14. May 19 Buy Pita Holdings LLC Company 10. May 19 10. May 19 36,305 $0.84 $30,496
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

Introducing FlexShopper (NASDAQ:FPAY), The Stock That Tanked 79%

Check out our latest analysis for FlexShopper Given that FlexShopper didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … It is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at. … You probably do not want to miss this free list of growing companies that insiders are buying.

Simply Wall St -

Here's What We Think About FlexShopper, Inc.'s (NASDAQ:FPAY) CEO Pay

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for FlexShopper How Does Brad Bernstein's Compensation Compare With Similar Sized Companies? … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at FlexShopper.

Simply Wall St -

Do Institutions Own FlexShopper, Inc. (NASDAQ:FPAY) Shares?

See our latest analysis for FlexShopper NasdaqCM:FPAY Ownership Summary, June 26th 2019 What Does The Institutional Ownership Tell Us About FlexShopper? … Private Company Ownership It seems that Private Companies own 18%, of the FPAY stock. … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

Simply Wall St -

Have Insiders Been Buying FlexShopper, Inc. (NASDAQ:FPAY) Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for FlexShopper The Last 12 Months Of Insider Transactions At FlexShopper Over the last year, we can see that the biggest insider purchase was by John Emerson for US$690k worth of shares, at about US$0.87 per share. … Insider Ownership of FlexShopper Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term.

Simply Wall St -

Some FlexShopper (NASDAQ:FPAY) Shareholders Have Taken A Painful 89% Share Price Drop

While it may not be enough for some shareholders, we think it is good to see the FlexShopper, Inc. … Check out our latest analysis for FlexShopper FlexShopper isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … So on the face of it we're really surprised to see the share price has averaged a fall of 36% each year, in the same time period.

Simply Wall St -

Should You Worry About FlexShopper, Inc.'s (NASDAQ:FPAY) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Brad Bernstein's Compensation Compare With Similar Sized Companies?

Simply Wall St -

FlexShopper, Inc. (NASDAQ:FPAY): When Will It Breakeven?

FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC operates as an online lease-to-own (LTO) retailer and LTO payment solution provider. … The US$15m market-cap company announced a latest loss of -US$11.9m on 31 December 2018 for its most recent financial year result? … View our latest analysis for FlexShopper

Simply Wall St -

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 -

FPAY Company Info

Description

FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC operates as an online lease-to-own (LTO) retailer and LTO payment solution provider. The company provides residential furniture, consumer electronics, computers, appliances, household accessories, and various other durable goods to consumers on a LTO basis 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 patented 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
$21,345,188
21,351,594
Website: http://www.flexshopper.com
Address: FlexShopper, Inc.
901 Yamato Road,
Suite 260,
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
179
FlexShopper employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 02:26
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/09
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.