Last 7 days
4.4%
Last 30 days
3.5%
Last 90 days
18.9%
Trailing 12 Months
38.3%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2024 | 4.4B | 0 | 0 | 0 |
2023 | 3.8B | 4.0B | 4.2B | 4.3B |
2022 | 3.5B | 3.5B | 3.5B | 3.6B |
2021 | 3.7B | 3.7B | 3.6B | 3.5B |
2020 | 3.9B | 3.9B | 3.8B | 3.7B |
2019 | 3.8B | 3.8B | 3.9B | 3.9B |
2018 | 3.7B | 3.8B | 3.9B | 3.8B |
2017 | 3.9B | 3.8B | 3.7B | 3.7B |
2016 | 4.5B | 4.4B | 4.2B | 4.0B |
2015 | 4.8B | 4.8B | 4.7B | 4.6B |
2014 | 4.9B | 4.9B | 4.9B | 4.9B |
2013 | 4.8B | 4.8B | 4.9B | 5.0B |
2012 | 4.6B | 4.6B | 4.7B | 4.8B |
2011 | 4.1B | 4.2B | 4.4B | 4.5B |
2010 | 4.3B | 4.2B | 4.1B | 4.0B |
2009 | 4.5B | 4.4B | 4.3B | 4.4B |
2008 | 0 | 4.0B | 4.2B | 4.5B |
2007 | 0 | 0 | 0 | 3.8B |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Feb 26, 2024 | wilson kirk | sold | -842,460 | 42.123 | -20,000 | president, fcd |
Feb 17, 2024 | burger elizabeth | sold (taxes) | -62,205 | 42.9 | -1,450 | chief human resources officer |
Feb 17, 2024 | schwetz amy b | sold (taxes) | -149,292 | 42.9 | -3,480 | chief financial officer |
Feb 17, 2024 | rowe robert scott | acquired | - | - | 28,245 | president & ceo |
Feb 17, 2024 | wilson kirk | sold (taxes) | -49,163 | 42.9 | -1,146 | president, fcd |
Feb 17, 2024 | wilson kirk | acquired | - | - | 3,096 | president, fcd |
Feb 17, 2024 | rowe robert scott | sold (taxes) | -476,834 | 42.9 | -11,115 | president & ceo |
Feb 17, 2024 | vopni scott k | sold (taxes) | -47,962 | 42.9 | -1,118 | chief accounting officer |
Feb 17, 2024 | burger elizabeth | acquired | - | - | 3,684 | chief human resources officer |
Feb 17, 2024 | schwetz amy b | acquired | - | - | 8,842 | chief financial officer |
Which funds bought or sold FLS recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
May 10, 2024 | CHESAPEAKE CAPITAL CORP /IL/ | reduced | -19.94 | -118,543 | 932,649 | 0.69% |
May 10, 2024 | DIMENSIONAL FUND ADVISORS LP | added | 3.8 | 12,410,100 | 95,004,900 | 0.03% |
May 10, 2024 | CITIGROUP INC | added | 49.47 | 1,214,090 | 3,063,710 | -% |
May 10, 2024 | JPMORGAN CHASE & CO | added | 28.22 | 5,199,270 | 17,550,400 | -% |
May 10, 2024 | VANGUARD GROUP INC | added | 0.16 | 60,743,600 | 613,317,000 | 0.01% |
May 10, 2024 | Mitsubishi UFJ Trust & Banking Corp | sold off | -100 | -25,635 | - | -% |
May 10, 2024 | PNC Financial Services Group, Inc. | added | 27.99 | 368,687 | 1,249,900 | -% |
May 10, 2024 | VisionPoint Advisory Group, LLC | unchanged | - | 473 | 4,842 | -% |
May 10, 2024 | OSAIC HOLDINGS, INC. | reduced | -94.44 | -628,432 | 41,258 | -% |
May 10, 2024 | CIBC Private Wealth Group, LLC | new | - | 128,100 | 128,100 | -% |
Unveiling Flowserve Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Flowserve Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
GE | 183.3B | 69.5B | 52.22 | 2.64 | ||||
CAT | 173.7B | 67.0B | 15.45 | 2.59 | ||||
CMI | 40.3B | 34.0B | 19.54 | 1.18 | ||||
AME | 39.3B | 6.7B | 29.83 | 5.84 | ||||
ACM | 12.6B | 15.3B | -915.55 | 0.82 | ||||
MID-CAP | ||||||||
APG | 10.3B | 6.9B | 59.94 | 1.49 | ||||
FLR | 6.7B | 15.5B | 21.94 | 0.43 | ||||
FLS | 6.5B | 4.4B | 27.74 | 1.47 | ||||
ACA | 4.3B | 2.4B | 30.01 | 1.82 | ||||
ALG | 2.4B | 1.7B | 17.71 | 1.4 | ||||
SMALL-CAP | ||||||||
AMRC | 1.5B | 1.4B | 25.02 | 1.04 | ||||
AGX | 894.9M | 573.3M | 27.66 | 1.56 | ||||
NKLA | 786.8M | 35.8M | -0.83 | 21.95 | ||||
AMSC | 424.5M | 135.4M | -25.88 | 3.14 | ||||
ADES | 257.3M | 100.1M | -31.53 | 2.57 |
Flowserve Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Revenue | -6.7% | 1,087 | 1,165 | 1,095 | 1,080 | 980 | 1,039 | 873 | 882 | 821 | 920 | 866 | 898 | 857 | 985 | 924 | 925 | 894 | 1,068 | 996 | 990 | 886 |
Gross Profit | -0.2% | 339 | 340 | 318 | 323 | 297 | 295 | 240 | 250 | 210 | 267 | 253 | 278 | 251 | 295 | 285 | 270 | 267 | 350 | 333 | 318 | 289 |
S&GA Expenses | -2.7% | 228 | 235 | 252 | 230 | 244 | 194 | 221 | 195 | 206 | 187 | 201 | 211 | 198 | 203 | 201 | 229 | 245 | 251 | 230 | 224 | 205 |
EBITDA Margin | - | - | - | - | - | - | - | - | - | - | 0.10* | 0.10* | 0.10* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* | 0.09* |
Interest Expenses | -9.3% | 15.00 | 17.00 | 17.00 | 17.00 | 16.00 | 13.00 | 12.00 | 11.00 | 11.00 | 12.00 | 15.00 | 14.00 | 17.00 | 17.00 | 14.00 | 13.00 | 13.00 | 13.00 | 14.00 | 14.00 | 14.00 |
Income Taxes | 408.5% | 20.00 | 4.00 | -11.19 | 21.00 | 5.00 | -60.27 | 2.00 | 12.00 | 3.00 | 1.00 | -10.43 | 3.00 | 4.00 | 1.00 | 19.00 | 4.00 | 37.00 | 15.00 | 22.00 | 22.00 | 17.00 |
EBT Margin | - | - | - | - | - | - | - | - | - | - | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.05* | 0.04* | 0.04* | 0.05* | 0.05* | 0.05* |
Net Income | 18.5% | 74.00 | 63.00 | 46.00 | 51.00 | 27.00 | 121 | 38.00 | 45.00 | -15.82 | 17.00 | 50.00 | 45.00 | 14.00 | 56.00 | 56.00 | 6.00 | 12.00 | 73.00 | 60.00 | 54.00 | 52.00 |
Net Income Margin | 22.4% | 0.05* | 0.04* | 0.06* | 0.06* | 0.06* | 0.05* | 0.02* | 0.03* | 0.03* | 0.04* | 0.05* | 0.05* | - | - | - | - | - | - | - | - | - |
Free Cashflow | -68.0% | 62.00 | 195 | 81.00 | 24.00 | 27.00 | 69.00 | -38.12 | -44.59 | -26.77 | 99.00 | 90.00 | 25.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Assets | 0.8% | 5,150 | 5,109 | 4,965 | 4,920 | 4,876 | 4,791 | 4,506 | 4,583 | 4,703 | 4,750 | 5,596 | 4,819 | 4,810 | 5,315 | 5,174 | 4,778 | 4,762 | 4,938 | 4,764 | 4,821 | 4,846 |
Current Assets | 2.3% | 2,767 | 2,704 | 2,639 | 2,579 | 2,542 | 2,451 | 2,224 | 2,281 | 2,377 | 2,389 | 3,223 | 2,441 | 2,449 | 2,904 | 2,806 | 2,431 | 2,426 | 2,507 | 2,396 | 2,409 | 2,437 |
Cash Equivalents | -2.5% | 532 | 546 | 480 | 423 | 405 | 435 | 352 | 458 | 576 | 658 | 1,457 | 630 | 659 | 1,095 | 921 | 562 | 622 | 671 | 546 | 596 | 638 |
Inventory | 0.4% | 883 | 880 | 916 | 914 | 882 | 803 | 779 | 749 | 722 | 678 | 698 | 690 | 672 | 667 | 714 | 684 | 684 | 661 | 687 | 681 | 680 |
Net PPE | -1.3% | 499 | 506 | 492 | 500 | 496 | 501 | 473 | 487 | 507 | 516 | 513 | 526 | 535 | 557 | 551 | 547 | 551 | 564 | 576 | 590 | 588 |
Goodwill | -0.7% | 1,173 | 1,182 | 1,164 | 1,177 | 1,174 | 1,168 | 1,136 | 1,163 | 1,186 | 1,196 | 1,203 | 1,213 | 1,209 | 1,225 | 1,205 | 1,188 | 1,180 | 1,193 | 1,178 | 1,195 | 1,192 |
Current Liabilities | 2.5% | 1,474 | 1,439 | 1,307 | 1,292 | 1,322 | 1,243 | 1,092 | 1,092 | 1,148 | 1,132 | 1,909 | 1,070 | 1,084 | 1,142 | 1,094 | 1,090 | 1,106 | 1,117 | 1,048 | 1,059 | 1,121 |
Long Term Debt | -1.3% | 1,152 | 1,167 | 1,266 | 1,245 | 1,209 | 1,224 | 1,232 | 1,242 | 1,252 | 1,262 | 1,272 | 1,307 | 1,308 | 1,718 | 1,701 | 1,373 | 1,357 | 1,366 | 1,350 | 1,386 | 1,392 |
LT Debt, Current | 0.3% | 66.00 | 66.00 | 61.00 | 56.00 | 53.00 | 49.00 | 48.00 | 46.00 | 45.00 | 41.00 | 837 | 10.00 | 8.00 | 9.00 | 9.00 | 9.00 | 9.00 | 11.00 | - | - | - |
LT Debt, Non Current | -1.3% | 1,152 | 1,167 | 1,266 | 1,245 | 1,209 | 1,224 | 1,232 | 1,242 | 1,252 | 1,262 | 1,272 | 1,307 | 1,308 | 1,718 | 1,701 | 1,373 | 1,357 | 1,366 | 1,350 | 1,386 | 1,392 |
Shareholder's Equity | 0.9% | 1,954 | 1,936 | 1,874 | 1,922 | 1,880 | 1,859 | 1,692 | 1,754 | 1,791 | 1,837 | 1,791 | 1,771 | 1,742 | 1,761 | 1,672 | 1,646 | 1,640 | 1,772 | 1,723 | 1,712 | 1,708 |
Retained Earnings | 1.2% | 3,901 | 3,855 | 3,818 | 3,799 | 3,774 | 3,774 | 3,679 | 3,667 | 3,649 | 3,691 | 3,701 | 3,677 | 3,658 | 3,671 | 3,640 | 3,610 | 3,662 | 3,652 | 3,651 | 3,608 | 3,575 |
Additional Paid-In Capital | -4.5% | 484 | 507 | 501 | 495 | 492 | 507 | 507 | 500 | 496 | 506 | 501 | 494 | 489 | 502 | 500 | 499 | 498 | 501 | 500 | 493 | 488 |
Accumulated Depreciation | 0.4% | 1,163 | 1,158 | 1,134 | 1,139 | 1,184 | 1,173 | 1,135 | 1,151 | 1,161 | 1,192 | 1,117 | 1,108 | 1,088 | 1,093 | 1,069 | 1,035 | 1,007 | 1,013 | 989 | 992 | 968 |
Shares Outstanding | 0.3% | 132 | 131 | 131 | 131 | 131 | 131 | 131 | 131 | 130 | 130 | 130 | 130 | - | - | - | - | - | - | - | - | - |
Minority Interest | 8.4% | 42.00 | 39.00 | 39.00 | 38.00 | 33.00 | 34.00 | 35.00 | 32.00 | 36.00 | 33.00 | 32.00 | 30.00 | 30.00 | 30.00 | 30.00 | 28.00 | 26.00 | 26.00 | 25.00 | 23.00 | 21.00 |
Float | - | - | - | - | 2,638 | - | - | - | 2,415 | - | - | - | 2,545 | - | - | - | 3,070 | - | - | - | 3,070 | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2024Q1 | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 |
Cashflow From Operations | -68.0% | 62,257 | 194,632 | 80,756 | 23,796 | 26,588 | 69,475 | -38,118 | -44,594 | -26,773 | 99,012 | 89,801 | 24,928 | 36,378 | 196,286 | 94,068 | -27,320 | 47,503 | 180,874 | 93,873 | 10,831 | 38,519 |
Share Based Compensation | 52.4% | 8,657 | 5,681 | 6,249 | 5,925 | 9,953 | 1,773 | 6,861 | 5,885 | 11,011 | 5,868 | 7,138 | 6,712 | 9,760 | 3,148 | 5,629 | 4,164 | 14,311 | 1,375 | 7,153 | 7,745 | 7,609 |
Cashflow From Investing | 32.8% | -13,586 | -20,203 | -15,543 | -16,378 | -16,456 | 39,561 | -16,650 | -16,779 | -12,218 | -20,764 | -14,873 | -14,352 | -9,488 | -9,035 | -14,403 | -13,044 | -5,218 | -28,880 | -19,538 | -13,538 | 28,573 |
Cashflow From Financing | 55.2% | -54,214 | -120,923 | 196 | 11,532 | -43,819 | -38,234 | -34,068 | -39,319 | -38,391 | -872,051 | 763,438 | -41,171 | -449,923 | -31,268 | 272,587 | -28,251 | -65,481 | -35,919 | -108,717 | -43,042 | -43,786 |
Dividend Payments | 5.4% | 27,654 | 26,243 | 26,241 | 26,242 | 26,229 | 26,143 | 26,139 | 26,139 | 26,128 | 26,053 | 26,383 | 25,703 | 26,465 | 26,053 | 26,052 | 26,031 | 26,023 | 24,862 | 24,923 | 24,863 | 24,909 |
Buy Backs | - | 2,549 | - | - | - | - | - | - | - | - | - | 500* | 12,449 | 5,081 | - | - | - | 32,112 | 9,568 | 5,432 | - | - |
Condensed Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2024 | Mar. 31, 2023 | |
Income Statement [Abstract] | ||
Sales | $ 1,087,479 | $ 980,305 |
Cost of sales | (748,511) | (683,475) |
Gross profit | 338,968 | 296,830 |
Selling, general and administrative expense | (228,418) | (244,268) |
Net earnings from affiliates | 2,529 | 4,624 |
Operating income | 113,079 | 57,186 |
Interest expense | (15,317) | (16,211) |
Interest income | 1,169 | 1,494 |
Other income (expense), net | (874) | (8,020) |
Earnings before income taxes | 98,057 | 34,449 |
Provision for income taxes | (20,142) | (4,453) |
Net earnings (loss), including noncontrolling interests | 77,915 | 29,996 |
Less: Net earnings attributable to noncontrolling interests | (3,695) | (3,230) |
Net earnings (loss) attributable to Flowserve Corporation | $ 74,220 | $ 26,766 |
Net earnings per share attributable to Flowserve Corporation common shareholders: | ||
Basic (in dollars per share) | $ 0.56 | $ 0.20 |
Diluted (in dollars per share) | $ 0.56 | $ 0.20 |
Weighted average shares - basic (in shares) | 131,510,000 | 130,930,000 |
Weighted average shares - diluted (in shares) | 132,368,000 | 131,754,000 |
Condensed Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 531,981 | $ 545,678 |
Accounts receivable, net of allowance for expected credit losses of $78,305 and $80,013, respectively | 914,357 | 881,869 |
Contract assets, net of allowance for expected credit losses of $4,986 and $4,993, respectively | 287,058 | 280,228 |
Inventories | 883,341 | 879,937 |
Prepaid expenses and other | 149,840 | 116,065 |
Total current assets | 2,766,577 | 2,703,777 |
Property, plant and equipment, net of accumulated depreciation of $1,162,548 and $1,158,451, respectively | 499,499 | 506,158 |
Operating lease right-of-use assets, net | 163,183 | 156,430 |
Goodwill | 1,173,368 | 1,182,225 |
Deferred taxes | 215,216 | 218,358 |
Other intangible assets, net | 119,355 | 122,248 |
Other assets, net of allowance for expected credit losses of $66,357 and $66,864, respectively | 212,727 | 219,523 |
Total assets | 5,149,925 | 5,108,719 |
Current liabilities: | ||
Accounts payable | 549,515 | 547,824 |
Accrued liabilities | 547,382 | 504,430 |
Contract liabilities | 279,216 | 287,697 |
Debt due within one year | 66,428 | 66,243 |
Operating lease liabilities | 31,635 | 32,382 |
Total current liabilities | 1,474,176 | 1,438,576 |
Long-term debt due after one year | 1,152,336 | 1,167,307 |
Operating lease liabilities | 144,740 | 138,665 |
Retirement obligations and other liabilities | 382,461 | 389,120 |
Contingencies (See Note 10) | ||
Shareholders’ equity: | ||
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793 | 220,991 | 220,991 |
Capital in excess of par value | 483,963 | 506,525 |
Retained earnings | 3,900,922 | 3,854,717 |
Treasury shares, at cost – 45,372 and 45,885 shares, respectively | (1,992,404) | (2,014,474) |
Deferred compensation obligation | 6,767 | 7,942 |
Accumulated other comprehensive loss | (666,259) | (639,601) |
Total Flowserve Corporation shareholders’ equity | 1,953,980 | 1,936,100 |
Noncontrolling interests | 42,232 | 38,951 |
Total equity | 1,996,212 | 1,975,051 |
Total liabilities and equity | $ 5,149,925 | $ 5,108,719 |
Common shares, shares issued (in shares) | 176,793 | 176,793 |