Flexsteel's FY24 Was Great, But The Stock Is At Best Fairly Valued [Seeking Alpha]
Flexsteel Industries, Inc. (FLXS)
US:NASDAQ Investor Relations:
flexsteel.com/content/investors
Company Research
Source: Seeking Alpha
Summary Flexsteel's 4Q24 results showed mid-single-digit topline growth and modest gross margin improvements, aligning with expectations and leveraging operating margins. Despite new management's growth initiatives, SG&A improvements are needed for better operating margins, and the stock price already reflects most upside potential. FY25 guidance remains steady with 2-6% sales growth and 6% operating margins, but muted growth expectations limit the stock's attractiveness. Current valuation is fair but not opportunistic, with an 8% earnings yield insufficient to meet my required return of 12-15%. Flexsteel remains a Hold. 10'000 Hours/DigitalVision via Getty Images Flexsteel Industries ( NASDAQ: FLXS ) 4Q24 results aligned with expectations, posting mid-single digits topline growth with slower improvements in gross margins as raw material prices normalized. Sales growth is leveraging the company's operating margins. My thesis has not meaningfully changed after these earn
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FLXS
News
- Flexsteel Industries, Inc. to Participate in Lytham Partners Fall 2024 Investor ConferenceBusiness Wire
- Flexsteel Industries (NASDAQ:FLXS) shareholders have earned a 28% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Flexsteel Selects 3D Cloud for 3D Digital Asset Management and 3D Product ConfigurationPR Newswire
- Flexsteel (FLXS) Increases Dividend by 13% to Reward Investors [Yahoo! Finance]Yahoo! Finance
- Flexsteel Industries, Inc. Announces Double-Digit Increase to Quarterly DividendBusiness Wire
FLXS
Earnings
- 8/19/24 - Beat
FLXS
Sec Filings
- 9/13/24 - Form 4
- 9/13/24 - Form 4
- 9/13/24 - Form 4
- FLXS's page on the SEC website