Flexsteel Industries, Inc.

Flexsteel Industries, Inc.

FLXSยทNASDAQ

$57.75

-2.4%
Consumer CyclicalFurnishings, Fixtures & Appliances

Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of upholstered and wooden furniture for residential and contract markets in the United States. It offers upholstered furniture, such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture. The company distributes its products through e-commerce channels and dealer network. Flexsteel Industries, Inc. was founded in 1893 and is based in Dubuque, Iowa.

At a Glance

Live Snapshot
Market Cap$309.28M
EPS3.8400
P/E Ratio15.04
Earnings Date08/17/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 15.0).

Valuation inputs: P/E 15.0, earnings yield +6.6%, momentum -2.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +12.0%, ROIC +8.7%).

Profitability stack: net margin +4.6%, ROE +12.0%, ROIC +8.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +40.6%, momentum -2.4%, net margin +4.6%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Flexsteel Industries, Inc. Market vs Earnings Trajectory

FLXS ยท NASDAQ

Loading price and EPS data...

Flexsteel Industries, Inc.

Flexsteel Industries, Inc. Fair Value Envelope

FLXS ยท NASDAQ

Our analysis suggests that FLXS has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $57.75, this represents a potential HIDDEN relative to our calculated worth for Flexsteel Industries, Inc..

Intrinsic Value
Current Price: $57.75
3Y+1224.0%
5Y-214.0%
10Y+20.0%
3Y-19.0%
5Y+20.0%
10Y-12.0%
3Y+988.0%
5Y-175.0%
10Y-17.0%
3Y+363.0%
5Y+102.0%
10Y-32.0%
3Y+715.0%
5Y+131.0%
10Y-28.0%
3Y+5.0%
5Y+19.0%
10Y+14.0%
Flexsteel Industries, Inc.

Flexsteel Industries, Inc. Profit Bridge

FLXS ยท NASDAQ
Revenue441.07M
Cost of Goods Sold (343.13M)
Gross Profit97.94M
Operating Expenses (71.33M)
Operating Income26.61M
Interest Expense (70.00K)
Other Income/Expense351.00K
Pretax Income26.97M
Income Tax (6.81M)
Net Income20.15M
Net Income
20.15M

Profitability Analysis

Gross Margin

22.2%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

6.0%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

4.6%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

25.3%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

22.21%
Gross Profit Margin
5%
3Y+66.0%
5Y+54.0%
10Y-2.0%
6.03%
Operating Profit Margin
46%
3Y+396.0%
5Y-164.0%
10Y-21.0%
4.57%
Net Profit Margin
79%
3Y+1242.0%
5Y-162.0%
10Y-6.0%
12.01%
Return on Equity
71%
3Y+752.0%
5Y-178.0%
10Y+4.0%
7.13%
Return on Assets
86%
3Y+935.0%
5Y-163.0%
10Y-27.0%
8.71%
Return on Invested Capital
67%
3Y+783.0%
5Y-160.0%
10Y-24.0%
FLXS

Flexsteel Industries, Inc. Cash Conversion Engine

FLXS ยท NASDAQ
Net Income20.15M
Depreciation & Amortization3.65M
Stock-Based Compensation3.87M
Change in Working Capital8.75M
Others4.39M
Capital Expenditures-3.26M
Free Cash Flow33.72M

Cash Flow Quality Analysis

FCF Conversion Rate

167.3%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

8.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+24.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$8.75M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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Flexsteel Industries, Inc. Funding & Solvency Profile

FLXS ยท NASDAQ
Cash & Cash Equivalents57.28M
Net Receivables41.45M
Inventory80.57M
Other Current Assets21.16M
Total Current Assets200 M
Property, Plant & Equipment73.77M
Goodwill & Intangible Assets0.00
Long-Term Investments0.00
Other Non-Current Assets15.94M
Total Non-Current Assets90 M
Total Assets
290.17M

Financial Health Analysis

Current Ratio

3.44x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.57x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

142 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

69% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Flexsteel Industries, Inc. Street Expectations Map

FLXS ยท NASDAQ

Wall Street analysts project that FLXS stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 54.00, with estimates ranging from a low of 54.00 to a high of 54.00.

Lowest Target
54.00
-6.49%
Consensus Target
54.00
-6.49%
Highest Target
54.00
-6.49%

The consensus 1-year price target stands at 54.00, with estimates ranging from a low of 54.00 to a high of 54.00.

Analyst Consensus Analysis

Upside Potential

-6.5%

Downside risk. Current price above analyst targets indicates potential overvaluation. Exercise caution and review catalysts.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Risk-Reward Profile

1.00x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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Flexsteel Industries, Inc. Insider Positioning

FLXS ยท NASDAQ

During the last 12 months, insiders have sold $960K worth of FLXS shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

21.7K

960.23K

Net Activity

-960K

-$960K

Top Buyers

No buying activity

Top Sellers

1
SDP

Schmidt Derek P

Director, Officer: President & Ceo

8.1K sharesโ€ข1 transactions

$356K

2
MMJ

Mcclaflin Michael Joseph

Officer: Chief Information Officer

6.9K sharesโ€ข2 transactions

$311K

3
CDE

Crimmins David Edward

Officer: Vp - Sales & Product Mgmt

3.8K sharesโ€ข1 transactions

$165K

4
KSM

Kammes Stacy Marie

Officer: Vp - Human Resources

2.6K sharesโ€ข1 transactions

$113K

5
RMJ

Ressler Michael J

Officer: Cfo

341 sharesโ€ข1 transactions

$15K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $960K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.45%
Dividend Yield
-12%
3Y-71.0%
5Y+1.0%
10Y-1.0%
ย 

flxs Dividend History

FLXS
10Y CAGR +1%
Latest $0.2
Annual $0.8
5 year growth trend
Last Period: +0%