Flexsteel Industries Stock Fair Value – Flexsteel Industries Reports Record Quarterly Earnings and Revenue
May 2, 2023
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FLEXSTEEL ($NASDAQ:FLXS): The company posted GAAP earnings per share of $0.28, exceeding expectations by $0.06, and revenue of $99.1M, which was higher than anticipated by $1.38M. The company is based in Dubuque, Iowa, and serves retail and contract customers throughout the United States. Their product lines include upholstered furniture; motion upholstery; stationary upholstery; home entertainment centers; dining room furniture; office furniture; home office furniture; benches; occasional tables; accent chairs; and home accents.
Share Price
At the open of trading, the stock was priced at $17.4, before closing at $16.9, a decrease of 2.3% from the previous close of 17.3. This marks one of the most successful quarters for the company, which has been able to maintain its profitability in spite of market conditions. The company has achieved these results through a combination of innovative strategies, cost-saving measures, and an overall focus on providing quality products and services to its customers.
Additionally, FLEXSTEEL INDUSTRIES has taken steps to reduce its operating costs and streamline operations in order to maximize efficiency and maximize profits. The impressive performance of FLEXSTEEL INDUSTRIES in this quarter demonstrates the strong management capabilities of the company and its commitment to delivering value to its shareholders. The stock was also buoyed by strong demand for the company’s products and services, as well as a favorable economic environment. As such, investors can expect FLEXSTEEL INDUSTRIES to continue to outperform the competition in the coming quarters and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Flexsteel Industries. More…
| Total Revenues | Net Income | Net Margin |
| 453.75 | 8.19 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Flexsteel Industries. More…
| Operations | Investing | Financing |
| 73.63 | -4.49 | -71.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Flexsteel Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 262 | 129.91 | 25.4 |
Key Ratios Snapshot
Some of the financial key ratios for Flexsteel Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.0% | 3.1% | 3.0% |
| FCF Margin | ROE | ROA |
| 15.2% | 6.5% | 3.2% |
Analysis – Flexsteel Industries Stock Fair Value
At GoodWhale, we have taken a deep dive into the financials of FLEXSTEEL INDUSTRIES, and our proprietary Valuation Line has calculated the fair value of their stock at around $25.1. However, the current market price for FLEXSTEEL INDUSTRIES stock is only $16.9, which means it is undervalued by 32.8%. This presents a great opportunity for investors to purchase the stock at a discounted price. We feel confident that our analysis of the financials and our Valuation Line have accurately determined the fair value of FLEXSTEEL INDUSTRIES stock, and urge investors to take advantage of this opportunity while they can. More…
Peers
Flexsteel Industries Inc is one of the leading furniture manufacturers in the world, and has been competing with other top industry players such as Hooker Furnishings Corp, Savimex Corp, and Shashwat Furnishing Solutions Ltd for market share and customer loyalty. These competitors are all vying for their share of the furniture market, providing customers with high-quality products, competitive prices, and innovative designs. Flexsteel Industries Inc has been able to stay ahead of the competition by consistently delivering quality products, offering value-added services, and capitalizing on new opportunities.
– Hooker Furnishings Corp ($NASDAQ:HOFT)
Hooker Furnishings Corp is a furniture manufacturer and retailer based in North Carolina. The company has a market capitalization of 202.73M as of 2022, reflecting the value of its outstanding common stock. The company’s Return on Equity (ROE) is 3.08%, which shows that it is making effective use of its shareholders’ equity in generating profits. Hooker Furnishings Corp produces a wide range of home furniture items, including bedroom furniture, dining room furniture, office furniture, and outdoor furniture. The company operates across the United States and Canada, with a network of retail stores, distributors, and e-commerce websites.
– Savimex Corp ($HOSE:SAV)
Shashwat Furnishing Solutions Ltd is a public limited company with a market capitalization of 80.39M as of 2022. The company specializes in providing innovative and high quality furnishing solutions for residential and commercial spaces. It offers a wide array of products such as curtains, upholstery, mattresses, cushions, rugs, and blinds, with an emphasis on quality, design, and affordability. The company’s market capitalization indicates that it has a considerable amount of financial strength and capital resources to fund its operations and expansion plans. With its strong presence in the Indian market and growing international presence, Shashwat Furnishing Solutions Ltd is well-positioned to capitalize on the growing demand for quality furnishing solutions.
Summary
Flexsteel Industries reported its fourth quarter earnings, beating Wall Street estimates. Analysts are encouraged by the strong fourth quarter performance and believe it is a sign that the company is on track for a successful year ahead. Investors should keep an eye on Flexsteel Industries as it continues to demonstrate its ability to generate strong results amidst challenging market conditions.
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