A Business at a Glance
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FLEXSTEEL INDUSTRIES INC
FLXS
$427M
Mkt Cap
$75.20
+0.01%
FLEXSTEEL INDUSTRIES INC (FLXS) has a current P/E ratio of 20.5, compared to its historical median P/E of 11.1. The stock is currently considered Fair based on its historical valuation range.
FLEXSTEEL INDUSTRIES INC (FLXS) has a 5-year average return on invested capital (ROIC) of 9.1%. This is below average and may indicate limited pricing power.
FLEXSTEEL INDUSTRIES INC (FLXS) has a market capitalization of $402M. It is classified as a small-cap stock.
Yes, FLEXSTEEL INDUSTRIES INC (FLXS) pays a dividend with a trailing twelve-month yield of 1.00%.
Based on historical P/E analysis, FLEXSTEEL INDUSTRIES INC (FLXS) appears fair. The current P/E of 20.5 is 86% above its historical median of 11.1. The estimated fair value CAGR (P/E method) is 15.0%.
FLEXSTEEL INDUSTRIES INC (FLXS) operates in the Household Furniture industry, within the Consumer Cyclical sector.
FLEXSTEEL INDUSTRIES INC (FLXS) reported annual revenue of $441 million in its most recent fiscal year, based on SEC EDGAR filings.
Flexsteel Industries, Inc., and Subsidiaries (the “Company”) is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States. Product offerings include a wide variety of furniture such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name “Flexsteel” is derived. The Company distributes its products throughout the United States through its e-commerce channel and direct sales force. The Company operates in one reportable segment, furniture products. The Company’s furniture products business involves the distribution of manufactured and imported products consisting of a broad line of furniture for the residential market.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 457M | 441M | 413M | 394M | 544M | 479M |
| Net Income | 21M | 20M | 11M | 15M | 1.9M | 23M |
| EPS | $3.80 | $3.55 | $1.91 | $2.74 | $0.28 | $3.09 |
| Free Cash Flow | 28M | 34M | 27M | 18M | 4.1M | -35M |
| ROIC | 19.1% | 14.3% | 7.3% | 6.3% | 2.4% | 15.4% |
| Gross Margin | 23.1% | 22.2% | 21.1% | 18.0% | 13.4% | 20.2% |
| Debt/Equity | 0.00 | 0.68 | 0.03 | 0.20 | 0.29 | 0.02 |
| Dividends/Share | $0.75 | $0.71 | $0.60 | $0.60 | $0.60 | $0.45 |
| Operating Income | 27M | 27M | 17M | 11M | 6.6M | 31M |
| Operating Margin | 5.9% | 6.0% | 4.1% | 2.7% | 1.2% | 6.5% |
| ROE | 11.7% | 12.7% | 7.2% | 10.8% | 1.2% | 13.4% |
| Shares Outstanding | 5M | 6M | 6M | 5M | 7M | 7M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 439M | 467M | 500M | 469M | 489M | 444M | 367M | 479M | 544M | 394M | 413M | 441M | 457M |
| Gross Margin | 22.9% | 23.5% | 22.7% | 23.2% | 20.1% | 15.8% | 14.5% | 20.2% | 13.4% | 18.0% | 21.1% | 22.2% | 23.1% |
| R&D | 2.8M | 4.1M | 4.2M | 3.7M | 3.9M | 4.4M | 4.0M | 1.9M | 2.9M | 2.1M | 2.1M | 2.1M | 2.1M |
| SG&A | 72M | 76M | 78M | 73M | 72M | 81M | 72M | 68M | 67M | 63M | 70M | 67M | 69M |
| EBIT | 22M | 34M | 38M | 37M | 25M | -43M | -34M | 31M | 6.6M | 11M | 17M | 27M | 27M |
| Op. Margin | 5.1% | 7.4% | 7.6% | 7.9% | 5.0% | -9.7% | -9.4% | 6.5% | 1.2% | 2.7% | 4.1% | 6.0% | 5.9% |
| Net Income | 15M | 22M | 24M | 24M | 18M | -33M | -27M | 23M | 1.9M | 15M | 11M | 20M | 21M |
| Net Margin | 3.4% | 4.8% | 4.8% | 5.1% | 3.6% | -7.4% | -7.3% | 4.8% | 0.3% | 3.8% | 2.6% | 4.6% | 4.6% |
| Non-Recurring | 90K | 119K | 34K | 512K | 1.8M | 31M | 71M | 9.4M | 2.5M | 313K | 5.8M | 24M | 24M |
| Returns on Capital | |||||||||||||
| ROIC | 9.9% | 13.1% | 13.6% | 12.6% | 8.4% | -14.6% | -14.1% | 15.4% | 2.4% | 6.3% | 7.3% | 14.3% | 19.1% |
| ROE | 9.4% | 12.6% | 12.2% | 10.8% | 7.5% | -14.6% | -14.1% | 13.4% | 1.2% | 10.8% | 7.2% | 12.7% | 11.7% |
| ROA | 7.4% | 9.8% | 9.9% | 9.2% | 6.4% | -12.1% | -10.9% | 8.6% | 0.7% | 5.3% | 3.7% | 7.2% | 7.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 16M | 3.3M | 54M | 26M | 27M | 6.7M | 18M | -33M | 8.0M | 23M | 32M | 37M | 33M |
| Free Cash Flow | 12M | -34M | 47M | 13M | -2.2M | -15M | 15M | -35M | 4.1M | 18M | 27M | 34M | 28M |
| Owner Earnings | 11M | -3.6M | 45M | 17M | 19M | -2.1M | 5.0M | -42M | 1.8M | 15M | 23M | 29M | -15M |
| CapEx | 4.2M | 37M | 7.4M | 13M | 29M | 21M | 3.7M | 2.6M | 3.9M | 4.8M | 4.8M | 3.3M | 5.0M |
| Maint. CapEx | 4.2M | 4.9M | 7.6M | 7.9M | 7.4M | 7.4M | 8.4M | 5.2M | 5.2M | 4.6M | 4.0M | 3.7M | 44M |
| Growth CapEx | 0 | 32M | 0 | 5.5M | 22M | 14M | 0 | 0 | 0 | 218K | 775K | 0 | 0 |
| D&A | 4.2M | 4.9M | 7.6M | 7.9M | 7.4M | 7.4M | 8.4M | 5.2M | 5.2M | 4.6M | 4.0M | 3.7M | 44M |
| CapEx/OCF | 25.8% | 1144.8% | 13.6% | N/A | N/A | 317.9% | 20.2% | N/A | 48.2% | 20.8% | 15.0% | 8.8% | 15.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 4.3M | 5.1M | 5.5M | 6.1M | 6.7M | 6.9M | 7.0M | 2.6M | 3.9M | 3.2M | 3.2M | 3.6M | 4.0M |
| Dividend Yield | 2.6% | 2.6% | 2.2% | N/A | N/A | 4.0% | 6.9% | 1.3% | 2.4% | 3.7% | 2.3% | 1.5% | 1.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.3M | 1.9M | 1.5M | 1.6M | 501K | 1.4M | 4.9M | 3.7M | 1.0M | 3.2M | 4.6M | 3.9M | 4.0M |
| Debt Repayment | 0 | 12M | 12M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.2M | 36M | 25M | 61K | N/A | -74M |
| Cash & Equiv. | 22M | 1.3M | 37M | 29M | 28M | 22M | 48M | 1.3M | 2.2M | 3.4M | 4.8M | 40M | 74M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.5M | 38M | 28M | 4.8M | N/A | N/A |
| Debt/Equity | 0.26 | 0.31 | 0.18 | 0.17 | 0.18 | 0.24 | 0.35 | 0.02 | 0.29 | 0.20 | 0.03 | 0.68 | 0.00 |
| Interest Coverage | N/A | 264.8 | 551.7 | N/A | N/A | N/A | -419.5 | 3120.0 | 7.9 | 7.9 | 11.0 | 380.2 | 192.1 |
| Equity | 167M | 187M | 210M | 231M | 242M | 205M | 176M | 168M | 132M | 142M | 150M | 168M | 179M |
| Total Assets | 210M | 245M | 247M | 270M | 284M | 254M | 237M | 297M | 269M | 291M | 274M | 282M | 290M |
| Total Liabilities | 43M | 58M | 37M | 39M | 43M | 49M | 62M | 129M | 137M | 149M | 124M | 115M | 111M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 145M | 162M | 181M | 198M | 210M | 170M | 137M | 157M | 155M | 167M | 174M | 190M | 202M |
| Working Capital | 129M | 116M | 143M | 158M | 149M | 118M | 128M | 129M | 125M | 116M | 95M | 110M | 126M |
| Current Assets | 165M | 167M | 176M | 195M | 190M | 166M | 182M | 229M | 190M | 171M | 155M | 172M | 189M |
| Current Liabilities | 37M | 51M | 33M | 37M | 41M | 48M | 53M | 100M | 65M | 55M | 60M | 62M | 63M |
| Per Share Data | |||||||||||||
| EPS | 2.00 | 2.89 | 3.12 | 3.02 | 2.23 | -4.13 | -3.37 | 3.09 | 0.28 | 2.74 | 1.91 | 3.55 | 3.80 |
| Owner EPS | 1.43 | -0.47 | 5.84 | 2.14 | 2.45 | -0.26 | 0.63 | -5.58 | 0.27 | 2.82 | 4.22 | 5.19 | -2.89 |
| Book Value | 22.25 | 24.20 | 26.99 | 29.30 | 30.51 | 26.02 | 22.03 | 22.52 | 19.88 | 26.26 | 27.28 | 29.57 | 33.46 |
| Cash Flow/Share | 2.17 | 0.42 | 7.00 | 3.35 | 3.45 | 0.85 | 2.30 | -4.38 | 1.21 | 4.26 | 5.78 | 6.51 | 12.23 |
| Dividends/Share | 0.60 | 0.72 | 0.72 | 0.80 | 0.88 | 0.88 | 0.71 | 0.45 | 0.60 | 0.60 | 0.60 | 0.71 | 0.75 |
| Shares Out. | 7.5M | 7.7M | 7.8M | 7.9M | 7.9M | 7.9M | 8.0M | 7.5M | 6.6M | 5.4M | 5.5M | 5.7M | 5.3M |
| Valuation | |||||||||||||
| P/E Ratio | 12.3 | 11.0 | 9.8 | N/A | N/A | N/A | N/A | 11.9 | 61.2 | 6.6 | 15.9 | 10.2 | 19.8 |
| P/FCF | 15.2 | N/A | 5.1 | N/A | N/A | N/A | 6.3 | N/A | 27.4 | 5.4 | 6.2 | 6.1 | 14.4 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.9 | 22.5 | 11.6 | 9.8 | N/A | 12.2 |
| Price/Book | 1.1 | 1.3 | 1.1 | N/A | N/A | 0.6 | 0.5 | 1.6 | 0.9 | 0.7 | 1.1 | 1.2 | 2.2 |
| Price/Sales | 0.4 | 0.4 | 0.5 | N/A | N/A | 0.4 | 0.3 | 0.4 | 0.3 | 0.2 | 0.3 | 0.5 | 0.9 |
| FCF Yield | 6.6% | -13.9% | 19.8% | N/A | N/A | -12.9% | 15.9% | -12.8% | 3.6% | 18.7% | 16.2% | 16.4% | 7.0% |
| Market Cap | 184M | 246M | 238M | 0 | 0 | 113M | 92M | 275M | 113M | 97M | 167M | 206M | 402M |
| Avg. Price | 22.12 | 25.40 | 31.40 | 0.00 | 0.00 | 21.82 | 12.76 | 27.81 | 24.49 | 16.29 | 25.29 | 42.38 | 75.20 |
| Year-End Price | 24.50 | 31.89 | 30.59 | 0.00 | 0.00 | 14.37 | 11.52 | 36.87 | 17.15 | 18.07 | 30.27 | 36.25 | 75.20 |
FLEXSTEEL INDUSTRIES INC passes 1 of 9 quality checks, indicating weak fundamentals.
FLEXSTEEL INDUSTRIES INC trades at 20.5x trailing earnings, compared to its 15-year median P/E of 11.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 14.4x vs a median of 6.1x. The company's 5-year average ROIC is 9.1% with a gross margin of 19.0%. Total shareholder yield (dividends) is 1.0%. At current prices, the estimated annualized return to fair value is +48.3%.
FLEXSTEEL INDUSTRIES INC (FLXS) has a net profit margin of 4.6%. This is a modest margin.
FLEXSTEEL INDUSTRIES INC (FLXS) generated $34 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FLEXSTEEL INDUSTRIES INC (FLXS) has a debt-to-equity ratio of 0.68. This indicates moderate leverage.
FLEXSTEEL INDUSTRIES INC (FLXS) reported earnings per share (EPS) of $3.55 in its most recent fiscal year.
FLEXSTEEL INDUSTRIES INC (FLXS) has a return on equity (ROE) of 12.7%. This indicates moderate shareholder returns.
FLEXSTEEL INDUSTRIES INC (FLXS) has a 5-year average gross margin of 19.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for FLEXSTEEL INDUSTRIES INC (FLXS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FLEXSTEEL INDUSTRIES INC (FLXS) has a book value per share of $29.57, based on its most recent annual SEC filing.