Is Flexsteel Industries Stock a Good Investment?
Flexsteel Industries Investment Advice | FLXS |
- Examine Flexsteel Industries' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Flexsteel Industries' leadership team and their track record. Good management can help Flexsteel Industries navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Household Durables space and any emerging trends that could impact Flexsteel Industries' business and its evolving consumer preferences.
- Compare Flexsteel Industries' performance and market position to its competitors. Analyze how Flexsteel Industries is positioned in terms of product offerings, innovation, and market share.
- Check if Flexsteel Industries pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Flexsteel Industries' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Flexsteel Industries stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Flexsteel Industries is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Flexsteel Industries Stock
Researching Flexsteel Industries' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 23.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.36. Some equities with similar Price to Book (P/B) outperform the market in the long run. Flexsteel Industries has Price/Earnings To Growth (PEG) ratio of 1.04. The entity last dividend was issued on the 25th of March 2024. The firm had 3:2 split on the 8th of December 1987.
To determine if Flexsteel Industries is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Flexsteel Industries' research are outlined below:
| About 23.0% of the company shares are held by company insiders | |
| On 4th of April 2024 Flexsteel Industries paid $ 0.15 per share dividend to its current shareholders | |
| Latest headline from MacroaxisInsider: Disposition of 1459 shares by Michael Ressler of Flexsteel Industries subject to Rule 16b-3 |
Flexsteel Industries uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Flexsteel Industries. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Flexsteel Industries' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 5th of February 2024 Upcoming Quarterly Report | View | |
| 6th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 19th of August 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of June 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Flexsteel Industries' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Flexsteel Industries' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2009-08-19 | 2009-06-30 | 0.1 | 0.12 | 0.02 | 20 | ||
1996-10-15 | 1996-09-30 | 0.19 | 0.21 | 0.02 | 10 | ||
1993-02-05 | 1992-12-31 | 0.19 | 0.17 | -0.02 | 10 | ||
2003-04-15 | 2003-03-31 | 0.19 | 0.22 | 0.03 | 15 | ||
2001-10-16 | 2001-09-30 | 0.06 | 0.03 | -0.03 | 50 | ||
1998-02-03 | 1997-12-31 | 0.23 | 0.2 | -0.03 | 13 | ||
1997-02-21 | 1996-12-31 | 0.2 | 0.17 | -0.03 | 15 | ||
1995-02-02 | 1994-12-31 | 0.24 | 0.21 | -0.03 | 12 |
Flexsteel Industries Analyst Ratings
Flexsteel Industries' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Flexsteel Industries stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Flexsteel Industries' financials, market performance, and future outlook by experienced professionals. Flexsteel Industries' historical ratings below, therefore, can serve as a valuable tool for investors.Know Flexsteel Industries' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Flexsteel Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Flexsteel Industries backward and forwards among themselves. Flexsteel Industries' institutional investor refers to the entity that pools money to purchase Flexsteel Industries' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Marion Wealth Management | 2023-12-31 | 27.9 K | Northern Trust Corp | 2023-12-31 | 24.4 K | Empowered Funds, Llc | 2023-12-31 | 18.1 K | U.s. Bancorp | 2023-12-31 | 16 K | State Street Corporation | 2023-12-31 | 14.3 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 13.9 K | Royal Bank Of Canada | 2023-12-31 | 13.4 K | T. Rowe Price Associates, Inc. | 2023-12-31 | 12.6 K | Jacobs Levy Equity Management, Inc. | 2023-09-30 | 12.4 K | Dimensional Fund Advisors, Inc. | 2023-12-31 | 403.4 K | Vanguard Group Inc | 2023-12-31 | 206.5 K |
Flexsteel Industries' market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 193.7 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Flexsteel Industries's market, we take the total number of its shares issued and multiply it by Flexsteel Industries's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Flexsteel Industries' profitablity analysis
Flexsteel Industries' profitability indicators refer to fundamental financial ratios that showcase Flexsteel Industries' ability to generate income relative to its revenue or operating costs. If, let's say, Flexsteel Industries is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Flexsteel Industries' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Flexsteel Industries' profitability requires more research than a typical breakdown of Flexsteel Industries' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.06 | 0.06 | |
| Return On Capital Employed | 0.05 | 0.05 | |
| Return On Assets | 0.06 | 0.06 | |
| Return On Equity | 0.12 | 0.08 |
Determining Flexsteel Industries' profitability involves analyzing its financial statements and using various financial metrics to determine if Flexsteel Industries is a good buy. For example, gross profit margin measures Flexsteel Industries' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Flexsteel Industries' profitability and make more informed investment decisions.
The data published in Flexsteel Industries' official financial statements usually reflect Flexsteel Industries' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Flexsteel Industries. For example, before you start analyzing numbers published by Flexsteel accountants, it's critical to develop an understanding of what Flexsteel Industries' liquidity, profitability, and earnings quality are in the context of the Household Durables space in which it operates.
Please note, the presentation of Flexsteel Industries' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Flexsteel Industries' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Flexsteel Industries' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Flexsteel Industries. Please utilize our Beneish M Score to check the likelihood of Flexsteel Industries' management manipulating its earnings.
Evaluate Flexsteel Industries' management efficiency
Flexsteel Industries has return on total asset (ROA) of 0.0301 % which means that it generated a profit of $0.0301 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.112 %, meaning that it created $0.112 on every $100 dollars invested by stockholders. Flexsteel Industries' management efficiency ratios could be used to measure how well Flexsteel Industries manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.06 in 2024. Return On Capital Employed is likely to drop to 0.05 in 2024. At this time, Flexsteel Industries' Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 7.4 M in 2024, whereas Total Current Assets are likely to drop slightly above 126.8 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 24.39 | 13.18 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 24.39 | 13.18 | |
| Enterprise Value Over EBITDA | 11.62 | 9.38 | |
| Price Book Value Ratio | 0.81 | 1.24 | |
| Enterprise Value Multiple | 11.62 | 9.38 | |
| Price Fair Value | 0.81 | 1.24 | |
| Enterprise Value | 108.1 M | 71.2 M |
The analysis of Flexsteel Industries' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Flexsteel Industries' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Flexsteel Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0155 | Forward Dividend Yield 0.0155 | Forward Dividend Rate 0.6 | Beta 0.564 |
Basic technical analysis of Flexsteel Stock
As of the 27th of April, Flexsteel Industries shows the Coefficient Of Variation of 461.66, mean deviation of 1.91, and Downside Deviation of 2.11. Flexsteel Industries technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Flexsteel Industries, which can be compared to its peers. Please confirm Flexsteel Industries mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Flexsteel Industries is priced favorably, providing market reflects its regular price of 37.61 per share. Given that Flexsteel Industries has jensen alpha of 0.5048, we urge you to verify Flexsteel Industries's prevailing market performance to make sure the company can sustain itself at a future point.Flexsteel Industries' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Flexsteel Industries insiders, such as employees or executives, is commonly permitted as long as it does not rely on Flexsteel Industries' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Flexsteel Industries insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand Flexsteel Industries' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Flexsteel Industries' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1426 | |||
| Market Risk Adjusted Performance | 1.61 | |||
| Mean Deviation | 1.91 | |||
| Semi Deviation | 1.76 | |||
| Downside Deviation | 2.11 | |||
| Coefficient Of Variation | 461.66 | |||
| Standard Deviation | 2.5 | |||
| Variance | 6.24 | |||
| Information Ratio | 0.1809 | |||
| Jensen Alpha | 0.5048 | |||
| Total Risk Alpha | 0.214 | |||
| Sortino Ratio | 0.2146 | |||
| Treynor Ratio | 1.6 | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.53 | |||
| Downside Variance | 4.44 | |||
| Semi Variance | 3.09 | |||
| Expected Short fall | (2.21) | |||
| Skewness | 0.5018 | |||
| Kurtosis | 0.6502 |
| Risk Adjusted Performance | 0.1426 | |||
| Market Risk Adjusted Performance | 1.61 | |||
| Mean Deviation | 1.91 | |||
| Semi Deviation | 1.76 | |||
| Downside Deviation | 2.11 | |||
| Coefficient Of Variation | 461.66 | |||
| Standard Deviation | 2.5 | |||
| Variance | 6.24 | |||
| Information Ratio | 0.1809 | |||
| Jensen Alpha | 0.5048 | |||
| Total Risk Alpha | 0.214 | |||
| Sortino Ratio | 0.2146 | |||
| Treynor Ratio | 1.6 | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.53 | |||
| Downside Variance | 4.44 | |||
| Semi Variance | 3.09 | |||
| Expected Short fall | (2.21) | |||
| Skewness | 0.5018 | |||
| Kurtosis | 0.6502 |
Consider Flexsteel Industries' intraday indicators
Flexsteel Industries intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Flexsteel Industries stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Flexsteel Industries Corporate Filings
8K | 18th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 11th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 9th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 7th of February 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Flexsteel Stock media impact
Far too much social signal, news, headlines, and media speculation about Flexsteel Industries that are available to investors today. That information is available publicly through Flexsteel media outlets and privately through word of mouth or via Flexsteel internal channels. However, regardless of the origin, that massive amount of Flexsteel data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Flexsteel Industries news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Flexsteel Industries relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Flexsteel Industries' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Flexsteel Industries alpha.
Flexsteel Industries Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Flexsteel Industries can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Flexsteel Industries without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Flexsteel Industries Corporate Directors
Flexsteel Industries corporate directors refer to members of a Flexsteel Industries board of directors. The board of directors generally takes responsibility for the Flexsteel Industries' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Flexsteel Industries' board members must vote for the resolution. The Flexsteel Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Nancy Uridil | Independent Director | Profile | |
| Thomas Levine | Independent Director | Profile | |
| Robert Deignan | Independent Director | Profile | |
| James Richardson | Sr. VP of Sales and Marketing and Director | Profile |
How to buy Flexsteel Stock?
To provide specific investment advice or recommendations on Flexsteel Industries stock, we recommend investors consider the following general factors when evaluating Flexsteel Industries. This will help you to make an informed decision on whether to include Flexsteel Industries in one of your diversified portfolios:- Examine Flexsteel Industries' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Flexsteel Industries' leadership team and their track record. Good management can help Flexsteel Industries navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Household Durables space and any emerging trends that could impact Flexsteel Industries' business and its evolving consumer preferences.
- Compare Flexsteel Industries' performance and market position to its competitors. Analyze how Flexsteel Industries is positioned in terms of product offerings, innovation, and market share.
- Check if Flexsteel Industries pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Flexsteel Industries' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Flexsteel Industries stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Flexsteel Industries is a good investment.
Already Invested in Flexsteel Industries?
The danger of trading Flexsteel Industries is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Flexsteel Industries is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Flexsteel Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Flexsteel Industries is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Flexsteel Industries is a strong investment it is important to analyze Flexsteel Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Flexsteel Industries' future performance. For an informed investment choice regarding Flexsteel Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Flexsteel Stock analysis
When running Flexsteel Industries' price analysis, check to measure Flexsteel Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.
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Is Flexsteel Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flexsteel Industries. If investors know Flexsteel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flexsteel Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.075 | Dividend Share 0.6 | Earnings Share 2.87 | Revenue Per Share 77.229 | Return On Assets 0.0301 |
The market value of Flexsteel Industries is measured differently than its book value, which is the value of Flexsteel that is recorded on the company's balance sheet. Investors also form their own opinion of Flexsteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Flexsteel Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flexsteel Industries' market value can be influenced by many factors that don't directly affect Flexsteel Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Flexsteel Industries' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Flexsteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flexsteel Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.