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FLUSHING FINANCIAL CORP (FFIC) Stock Fundamental Analysis

NASDAQ:FFIC - Nasdaq - US3438731057 - Common Stock - Currency: USD

13.54  -0.09 (-0.66%)

After market: 13.6 +0.06 (+0.44%)

Fundamental Rating

3

Overall FFIC gets a fundamental rating of 3 out of 10. We evaluated FFIC against 402 industry peers in the Banks industry. Both the profitability and financial health of FFIC have multiple concerns. FFIC has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally FFIC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

FFIC had positive earnings in the past year.
In the past year FFIC had a positive cash flow from operations.
Of the past 5 years FFIC 4 years were profitable.
Of the past 5 years FFIC 4 years had a positive operating cash flow.
FFIC Yearly Net Income VS EBIT VS OCF VS FCFFFIC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M

1.2 Ratios

FFIC's Return On Assets of 0.28% is on the low side compared to the rest of the industry. FFIC is outperformed by 82.09% of its industry peers.
The Return On Equity of FFIC (3.90%) is worse than 80.60% of its industry peers.
Industry RankSector Rank
ROA 0.28%
ROE 3.9%
ROIC N/A
ROA(3y)0.76%
ROA(5y)0.66%
ROE(3y)9.22%
ROE(5y)8.08%
ROIC(3y)N/A
ROIC(5y)N/A
FFIC Yearly ROA, ROE, ROICFFIC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

1.3 Margins

With a Profit Margin value of 13.15%, FFIC is not doing good in the industry: 77.61% of the companies in the same industry are doing better.
FFIC's Profit Margin has declined in the last couple of years.
FFIC does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 13.15%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.48%
PM growth 5Y-14.45%
GM growth 3YN/A
GM growth 5YN/A
FFIC Yearly Profit, Operating, Gross MarginsFFIC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

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1

2. Health

2.1 Basic Checks

FFIC does not have a ROIC to compare to the WACC, probably because it is not profitable.
FFIC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
FFIC Yearly Shares OutstandingFFIC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
FFIC Yearly Total Debt VS Total AssetsFFIC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.2 Solvency

The Debt to FCF ratio of FFIC is 8.16, which is on the high side as it means it would take FFIC, 8.16 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 8.16, FFIC is not doing good in the industry: 73.38% of the companies in the same industry are doing better.
FFIC has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.35, FFIC is not doing good in the industry: 70.15% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 8.16
Altman-Z N/A
ROIC/WACCN/A
WACC15.14%
FFIC Yearly LT Debt VS Equity VS FCFFFIC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FFIC Yearly Current Assets VS Current LiabilitesFFIC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 49.52% over the past year.
FFIC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.13% yearly.
EPS 1Y (TTM)49.52%
EPS 3Y-14.82%
EPS 5Y-0.13%
EPS Q2Q%259.26%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-136.99%

3.2 Future

Based on estimates for the next years, FFIC will show a decrease in Earnings Per Share. The EPS will decrease by -2.14% on average per year.
The Revenue is expected to grow by 25.06% on average over the next years. This is a very strong growth
EPS Next Y-21.75%
EPS Next 2Y-2.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year43.21%
Revenue Next 2Y25.06%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FFIC Yearly Revenue VS EstimatesFFIC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
FFIC Yearly EPS VS EstimatesFFIC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 8.62 indicates a reasonable valuation of FFIC.
Based on the Price/Earnings ratio, FFIC is valued cheaply inside the industry as 89.55% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 29.35, FFIC is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.02, the valuation of FFIC can be described as reasonable.
FFIC's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.10. FFIC is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.62
Fwd PE 11.02
FFIC Price Earnings VS Forward Price EarningsFFIC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

61.94% of the companies in the same industry are cheaper than FFIC, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 15.76
EV/EBITDA N/A
FFIC Per share dataFFIC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

A cheap valuation may be justified as FFIC's earnings are expected to decrease with -2.14% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-2.14%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

FFIC has a Yearly Dividend Yield of 6.46%, which is a nice return.
In the last 3 months the price of FFIC has falen by -21.23%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
FFIC's Dividend Yield is rather good when compared to the industry average which is at 3.37. FFIC pays more dividend than 94.78% of the companies in the same industry.
FFIC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
Industry RankSector Rank
Dividend Yield 6.46%

5.2 History

The dividend of FFIC has a limited annual growth rate of 2.12%.
FFIC has paid a dividend for at least 10 years, which is a reliable track record.
FFIC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.12%
Div Incr Years0
Div Non Decr Years27
FFIC Yearly Dividends per shareFFIC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

FFIC pays out 100.16% of its income as dividend. This is not a sustainable payout ratio.
FFIC's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP100.16%
EPS Next 2Y-2.14%
EPS Next 3YN/A
FFIC Yearly Income VS Free CF VS DividendFFIC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M
FFIC Dividend Payout.FFIC Dividend Payout, showing the Payout Ratio.FFIC Dividend Payout.PayoutRetained Earnings

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FLUSHING FINANCIAL CORP

NASDAQ:FFIC (3/7/2025, 8:25:21 PM)

After market: 13.6 +0.06 (+0.44%)

13.54

-0.09 (-0.66%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-28 2025-01-28/amc
Earnings (Next)04-21 2025-04-21/amc
Inst Owners70.88%
Inst Owner Change27.08%
Ins Owners4.74%
Ins Owner Change3.45%
Market Cap455.76M
Analysts76
Price Target16.58 (22.45%)
Short Float %1.77%
Short Ratio1.63
Dividend
Industry RankSector Rank
Dividend Yield 6.46%
Yearly Dividend0.9
Dividend Growth(5Y)2.12%
DP100.16%
Div Incr Years0
Div Non Decr Years27
Ex-Date03-14 2025-03-14 (0.22)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)28.27%
Min EPS beat(2)-2.23%
Max EPS beat(2)58.77%
EPS beat(4)2
Avg EPS beat(4)13.7%
Min EPS beat(4)-17.61%
Max EPS beat(4)58.77%
EPS beat(8)4
Avg EPS beat(8)6.29%
EPS beat(12)7
Avg EPS beat(12)7%
EPS beat(16)10
Avg EPS beat(16)9.33%
Revenue beat(2)1
Avg Revenue beat(2)1.88%
Min Revenue beat(2)-2.31%
Max Revenue beat(2)6.08%
Revenue beat(4)2
Avg Revenue beat(4)1.27%
Min Revenue beat(4)-7.65%
Max Revenue beat(4)8.97%
Revenue beat(8)4
Avg Revenue beat(8)-2.73%
Revenue beat(12)6
Avg Revenue beat(12)-1.46%
Revenue beat(16)7
Avg Revenue beat(16)-1.66%
PT rev (1m)-6.47%
PT rev (3m)-0.76%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.42%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-61.72%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-16.06%
Valuation
Industry RankSector Rank
PE 8.62
Fwd PE 11.02
P/S 2.3
P/FCF 15.76
P/OCF 14.24
P/B 0.68
P/tB 0.7
EV/EBITDA N/A
EPS(TTM)1.57
EY11.6%
EPS(NY)1.23
Fwd EY9.07%
FCF(TTM)0.86
FCFY6.35%
OCF(TTM)0.95
OCFY7.02%
SpS5.88
BVpS19.81
TBVpS19.25
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.28%
ROE 3.9%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 13.15%
GM N/A
FCFM 14.62%
ROA(3y)0.76%
ROA(5y)0.66%
ROE(3y)9.22%
ROE(5y)8.08%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.48%
PM growth 5Y-14.45%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 8.16
Debt/EBITDA N/A
Cap/Depr 49.33%
Cap/Sales 1.56%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 111.19%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC15.14%
ROIC/WACCN/A
Cap/Depr(3y)68.13%
Cap/Depr(5y)63.02%
Cap/Sales(3y)1.96%
Cap/Sales(5y)1.91%
Profit Quality(3y)103.73%
Profit Quality(5y)130.72%
High Growth Momentum
Growth
EPS 1Y (TTM)49.52%
EPS 3Y-14.82%
EPS 5Y-0.13%
EPS Q2Q%259.26%
EPS Next Y-21.75%
EPS Next 2Y-2.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-136.99%
Revenue Next Year43.21%
Revenue Next 2Y25.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-67.65%
FCF growth 3Y-24.93%
FCF growth 5Y-16.55%
OCF growth 1Y-65.84%
OCF growth 3Y-21.42%
OCF growth 5Y-14.86%