Flexsteel Industries, Inc. manufactures, imports, and markets residential and commercial upholstered and wood furniture products in the United States. The company was founded in 1929 and is based in Dubuque, Iowa.
FLXS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Flexsteel Industries Inc. To summarize, we found that Flexsteel Industries Inc ranked in the 72th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 225.33% on a DCF basis. The most interesting components of our discounted cash flow analysis for Flexsteel Industries Inc ended up being:
Flexsteel Industries Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -1,803.62. This coverage rate is greater than that of only 0.19% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Flexsteel Industries Inc experienced a tax rate of about 21% over the past twelve months; relative to its sector (Consumer Cyclical), this tax rate is higher than 84.59% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Flexsteel Industries Inc. announced Monday a stock repurchase program worth about 7% of its market capitalization, even as the residential furniture maker slashed its dividend and extended executive salary cuts as it looked to preserve cash amid the financial and business concerns created by the COVID-19 pandemic.
Flexsteel (FLXS) declares $0.05/share quarterly dividend, -77.3% decrease from prior dividend of $0.22.Forward yield 2.01%Payable July 6; for shareholders of record June 19; ex-div June 18.See FLXS Dividend Scorecard, Yield Chart, & Dividend Growth....
Flexsteel (FLXS) extends 25% salary reductions for the CEO and CFO/COO and 50% cash compensation reduction for the Board through October 1, 2020.Evaluate and renegotiate Company lease obligations where feasible.Adds new $45M credit facility with a two-year term. Repurchase up to $6M of its outstanding common shares through June 9,...
Flexsteel Industries, Inc. (NASDAQ:FLXS) ("Flexsteel" or the "Company"), one of the largest manufacturers, importers and online marketers of furniture products in the United States, today announced its quarterly dividend and provided a business update. In light of the continued economic uncertainty and dampened demand for furniture related to COVID-19, the Company and its Board of Directors (the "Board") have implemented conservative cash strategies to ensure the viability of the Company and to maximize its financial flexibility until economic conditions stabilize.