Added to YB: 2026-03-31
Pitch date: 2026-02-08
FLXS [bullish]
Flexsteel Industries, Inc.
-21.8%
current return
Author Info
No bio for this author
Company Info
Flexsteel Industries, Inc., together with its subsidiaries, manufactures, distributes, imports, and markets residential furniture products in the United States.
Market Cap
$245.0M
Pitch Price
$57.28
Price Target
88.00 (+92%)
Dividend
1.75%
EV/EBITDA
5.33
P/E
12.50
EV/Sales
0.58
Sector
Household Durables
Category
turnaround
Flexsteel Industries, Inc. - $FLXS
FLXS: Debt-free furniture manufacturer w/ 9 consecutive qtrs of revenue growth vs industry declines. Restructured 2019-24: exited Commercial biz, sold $40M real estate above book, cut SG&A from 18-19% to 15%, moved sourcing from China (60% in 2020) to Vietnam/Mexico (de minimis China today). New CEO owns 6%+, insiders 40%; bought back $65M stock FY21-22. LTM op income $36.5M adj. Base: $88 PT by FYE28 (53% upside, 21% IRR) at 8x EV/EBIT. Risks: stock +25% Friday, tariffs on Vietnam/Mexico, cyclical demand.
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