Flexsteel Industries, Inc. (FLXS) vs XMax Inc. (XMAX)

Flexsteel Industries, Inc. and XMax Inc. are both Furnishings Fixtures & Appliances companies. XMax Inc. is the larger, with a market value of $567.7M against $361.6M — 1.6× the size. Flexsteel Industries, Inc. trades at the lower P/E: 13.4× against 20.1×. XMax Inc. grew revenue faster over the last twelve months: 63.5% against 4.10%. XMax Inc. has the higher net margin (185.9% vs 7.21%) and the lower return on invested capital (−2.67% vs 22.8%). Across the 20 metrics below, Flexsteel Industries, Inc. leads on 13 and XMax Inc. on 7.

Valuation

Metric FLXS XMAX Furnishings Fixtures & Appliances median
P/E 13.45 20.06 14.03
P/S 1.00 33.11 0.52
P/B 3.43 5.00 1.06
Price to free cash flow 9.61 n/m 9.86
EV/EBITDA 9.74 n/m 7.67
EV/Sales 0.98 31.28 0.67
Earnings yield 7.44% 4.99% 3.50%
Free cash flow yield 10.40% (2.24%) 7.55%

Profitability

Metric FLXS XMAX Furnishings Fixtures & Appliances median
Gross margin 24.70% 22.86% 37.53%
Operating margin 9.27% (20.51%) 2.03%
Net margin 7.21% 185.87% 1.65%
Free cash flow margin 10.37% (28.07%) 3.92%
Return on equity 21.99% 52.87% 5.51%
Return on assets 12.35% 44.95% 1.69%
Return on invested capital 22.77% (2.67%) 3.55%

Growth

Metric FLXS XMAX Furnishings Fixtures & Appliances median
Revenue growth (TTM) 4.10% 63.54% 1.14%
EPS growth (last fiscal year) 70.99% 88.51% —
Revenue growth, 5-year CAGR (0.84%) 8.06% 0.64%
Net income growth, 5-year CAGR 7.53% 0.00% 0.00%

Health

Metric FLXS XMAX Furnishings Fixtures & Appliances median
Debt to equity 0.00 0.05 0.17
Current ratio 2.09 28.80 1.97
Net debt to EBITDA (0.36) 1.82 0.06

Dividend

Metric FLXS XMAX Furnishings Fixtures & Appliances median
Dividend yield 1.85% — 2.20%
Payout ratio 0.22 0.00 0.09

Size

Metric FLXS XMAX Furnishings Fixtures & Appliances median
Market cap 361.59m 567.66m 212.02m

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