Flexsteel Industries Inc. Common Stock (FLXS)

FairStock Score: 82/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Flexsteel is a long-lived residential furniture maker. In fiscal 2026, the year ended 2026-06-30, revenue was $459.2M, net income $33.1M, and diluted EPS $6.07. That compares with fiscal 2025, ended 2025-06-30, when revenue was $441.1M, net income $20.2M, and EPS $3.55, and fiscal 2024, ended 2024-06-30, when revenue was $412.8M, net income $10.5M, and EPS $1.91. The profit improvement is real, but this is a competitive, cyclical furnishings business, and I do not see a durable moat from the data provided. Financial health looks reasonable: debt/equity 0.39, Altman Z 4.04, Piotroski 7/9, and trailing free cash flow of $47.6M, a 13.4% FCF yield on the $356.3M market cap. ROE is 21.99%, while ROCE is 9.91%, so returns are good but not exceptional on capital employed. At the 2026-10-13 close of $87.09, FairStock calculations show P/E 14.35, P/B 2.68, PEG 0.76, and EV/EBITDA 8.21. The price is about 30% above the Graham Number of $66.88, so there is no margin of safety on that asset-based measure. FairStock's Lynch category is SLOW GROWER, based on 7.5% annual profit growth and -0.8% revenue growth over five years, which tempers the recent profit jump. The stock is not obviously expensive on earnings and cash flow, but it is not a classic Graham bargain. I would want evidence that recent margins persist through the housing and furniture cycle.

In plain English: Flexsteel makes and sells home furniture such as sofas, chairs, bedroom and dining pieces, mostly in the United States. The company has been profitable and financially solid, and its latest full-year sales and profits were higher than the year before. At the recent stock price, the market is paying a moderate amount for those earnings, but the price is not a clear bargain compared with a simple asset-based value check.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2026 10-Q (period ended 2025-12-31) · fiscal Q1 2026 10-Q (period ended 2025-09-30) · fiscal Q4 2025 10-K (period ended 2025-06-30) · FY2026 10-K (period ended 2026-06-30) · FY2025 10-K (period ended 2025-06-30) · FY2024 10-K (period ended 2024-06-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer