Flushing Financial Corporation
Find Ratings ReportsFLUSHING FINANCIAL CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 1.08% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 115.47 | 81.33 |
EBITDA ($mil) | 24.74 | 24.4 |
EBIT ($mil) | 24.74 | 22.73 |
Net Income ($mil) | 8.1 | 10.25 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 172.16 | 151.75 |
Total Assets ($mil) | 8537.24 | 8422.95 |
Total Debt ($mil) | 882.1 | 1099.1 |
Equity ($mil) | 669.84 | 677.16 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 44.85 | 56.9 |
EBITDA Margin | 21.42 | 29.99 |
Operating Margin | 21.42 | 27.95 |
Sales Turnover | 0.05 | 0.04 |
Return on Assets | 0.33 | 0.91 |
Return on Equity | 4.28 | 11.36 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.57 | 0.62 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 28.87 | 29.48 |
Div / share | 0.22 | 0.22 |
EPS | 0.27 | 0.34 |
Book value / share | 23.21 | 22.97 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 184654.0 | 92870.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 17.75 for the Credit Intermediation and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.50 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 8.64. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, FLUSHING FINANCIAL CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FFIC 12.24 | Peers 17.75 | FFIC NA | Peers 20.18 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. FFIC is trading at a significant discount to its peers. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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FFIC 9.38 | Peers 13.86 | FFIC NM | Peers 1.78 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. FFIC is trading at a valuation on par with its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. FFIC's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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FFIC 0.50 | Peers 8.64 | FFIC -61.85 | Peers 24.72 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. FFIC is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, FFIC is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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FFIC 0.79 | Peers 4.87 | FFIC 30.16 | Peers 44.87 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. FFIC is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. FFIC significantly trails its peers on the basis of sales growth. |
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