Flowserve Corp
NYSE:FLS
Intrinsic Value
Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. [ Read More ]
The intrinsic value of one FLS stock under the Base Case scenario is 49.73 USD. Compared to the current market price of 44.55 USD, Flowserve Corp is Undervalued by 10%.
Valuation Backtest
Flowserve Corp
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Fundamental Analysis
Flowserve's Robust 2023 Results and Bright 2024 Outlook
2023-Q4 Earnings Call
Flowserve ended 2023 with a 20% revenue increase and over a 90% jump in adjusted EPS to $2.10, surpassing the revised October guidance range ($1.95-$2.05). Improved backlog conversion and operations boosted performance, resulting in a strong $4.25 billion in bookings. Margins expanded, and cash flow surged by over $360 million. The company, eyeing a 2027 margin target of 14-16%, forecasts a 4-6% revenue growth in 2024, with adjusted EPS between $2.40 and $2.60, up roughly 20% from last year.
Balance Sheet Decomposition
Flowserve Corp
Current Assets | 2.7B |
Cash & Short-Term Investments | 545.7m |
Receivables | 1.2B |
Other Current Assets | 996m |
Non-Current Assets | 2.4B |
PP&E | 662.6m |
Intangibles | 1.3B |
Other Non-Current Assets | 437.9m |
Current Liabilities | 1.4B |
Accounts Payable | 547.8m |
Accrued Liabilities | 536.8m |
Other Current Liabilities | 353.9m |
Non-Current Liabilities | 1.7B |
Long-Term Debt | 1.2B |
Other Non-Current Liabilities | 566.7m |
Earnings Waterfall
Flowserve Corp
Revenue
|
4.3B
USD
|
Cost of Revenue
|
-3B
USD
|
Gross Profit
|
1.3B
USD
|
Operating Expenses
|
-886.7m
USD
|
Operating Income
|
411.1m
USD
|
Other Expenses
|
-224.4m
USD
|
Net Income
|
186.7m
USD
|
Free Cash Flow Analysis
Flowserve Corp
What is Free Cash Flow?
FLS Profitability Score
Profitability Due Diligence
Flowserve Corp's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
Score
Flowserve Corp's profitability score is 52/100. The higher the profitability score, the more profitable the company is.
FLS Solvency Score
Solvency Due Diligence
Flowserve Corp's solvency score is 53/100. The higher the solvency score, the more solvent the company is.
Score
Flowserve Corp's solvency score is 53/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
FLS Price Targets Summary
Flowserve Corp
According to Wall Street analysts, the average 1-year price target for FLS is 49.16 USD with a low forecast of 41.41 USD and a high forecast of 53.55 USD.
Ownership
FLS Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
FLS Price
Flowserve Corp
Average Annual Return | -5.24% |
Standard Deviation of Annual Returns | 18.62% |
Max Drawdown | -64% |
Market Capitalization | 5.8B USD |
Shares Outstanding | 131 227 000 |
Percentage of Shares Shorted | 1.26% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Flowserve Corp. engages in the manufacture and provision of aftermarket service for comprehensive flow control systems. The company is headquartered in Irving, Texas and currently employs 16,000 full-time employees. The company develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials. The firm operates through two segments: Flowserve Pumps Division (FPD) and Flow Control Division (FCD). FPD designs, manufactures, pre-test, distributes, and services specialty and highly engineered custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and upgrades and related aftermarket services. FCD designs, manufactures, distributes, and services a portfolio of flow control solutions, including engineered and industrial valve and automation systems, isolation and control valves, actuation, controls and related equipment. The firm also offers an array of aftermarket equipment services, such as installation, advanced diagnostics, repair and retrofitting.
Contact
IPO
Employees
Officers
The intrinsic value of one FLS stock under the Base Case scenario is 49.73 USD.
Compared to the current market price of 44.55 USD, Flowserve Corp is Undervalued by 10%.