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FLUSHING FINANCIAL CORP (FFIC) Stock Fundamental Analysis

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

12.21  -0.1 (-0.81%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to FFIC. FFIC was compared to 398 industry peers in the Banks industry. FFIC has a bad profitability rating. Also its financial health evaluation is rather negative. FFIC is valued correctly, but it does not seem to be growing. 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.
FFIC had a positive operating cash flow in 4 of the past 5 years.
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

Looking at the Return On Assets, with a value of 0.28%, FFIC is doing worse than 83.92% of the companies in the same industry.
FFIC has a worse Return On Equity (3.90%) than 83.17% 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: 78.64% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of FFIC has declined.
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.
FFIC has a Debt to FCF ratio of 8.16. This is in the lower half of the industry: FFIC underperforms 76.63% of its industry peers.
FFIC has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
FFIC has a Debt to Equity ratio of 0.35. This is in the lower half of the industry: FFIC underperforms 71.61% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 8.16
Altman-Z N/A
ROIC/WACCN/A
WACC15.48%
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

FFIC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 49.52%, which is quite impressive.
Measured over the past years, FFIC shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.13% on average per year.
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

The Earnings Per Share is expected to decrease by -2.14% on average over the next years.
Based on estimates for the next years, FFIC will show a very strong growth in Revenue. The Revenue will grow by 25.05% on average per year.
EPS Next Y-21.75%
EPS Next 2Y-2.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year43.19%
Revenue Next 2Y25.05%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.78, the valuation of FFIC can be described as very cheap.
FFIC's Price/Earnings ratio is rather cheap when compared to the industry. FFIC is cheaper than 91.21% of the companies in the same industry.
When comparing the Price/Earnings ratio of FFIC to the average of the S&P500 Index (28.92), we can say FFIC is valued rather cheaply.
FFIC is valuated reasonably with a Price/Forward Earnings ratio of 9.94.
FFIC's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of FFIC to the average of the S&P500 Index (21.65), we can say FFIC is valued rather cheaply.
Industry RankSector Rank
PE 7.78
Fwd PE 9.94
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

Compared to the rest of the industry, the Price/Free Cash Flow ratio of FFIC is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 14.26
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 7.65%, which is a nice return.
FFIC's Dividend Yield is rather good when compared to the industry average which is at 3.63. FFIC pays more dividend than 97.74% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.51, FFIC pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.65%

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 (4/25/2025, 10:03:34 AM)

12.21

-0.1 (-0.81%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-28 2025-01-28/amc
Earnings (Next)04-29 2025-04-29/amc
Inst Owners70.88%
Inst Owner Change-0.24%
Ins Owners4.74%
Ins Owner Change2.88%
Market Cap412.45M
Analysts76
Price Target16.45 (34.73%)
Short Float %1.24%
Short Ratio1.23
Dividend
Industry RankSector Rank
Dividend Yield 7.65%
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)-0.77%
PT rev (3m)-7.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.42%
EPS NY rev (1m)0%
EPS NY rev (3m)1.07%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-61.72%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.01%
Valuation
Industry RankSector Rank
PE 7.78
Fwd PE 9.94
P/S 2.08
P/FCF 14.26
P/OCF 12.89
P/B 0.62
P/tB 0.64
EV/EBITDA N/A
EPS(TTM)1.57
EY12.86%
EPS(NY)1.23
Fwd EY10.06%
FCF(TTM)0.86
FCFY7.01%
OCF(TTM)0.95
OCFY7.76%
SpS5.86
BVpS19.74
TBVpS19.18
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
WACC15.48%
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 Year43.19%
Revenue Next 2Y25.05%
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%