OFLX - Omega Flex Inc Stock Price, Fair Value and News

66.12USD-1.02 (-1.52%)Delayed

Market Summary

USD66.12-1.02

Delayed

-1.52%

OFLX Alerts

Big fall in Revenue (Y/Y)

OFLX Stock Price

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OFLX RSI Chart

OFLX Valuation

Market Cap

667.4M

Price/Earnings (Trailing)

34.69

Price/Sales (Trailing)

6.26

EV/EBITDA

21.76

Price/Free Cashflow

29.01

OFLX Price/Sales (Trailing)

OFLX Profitability

EBT Margin

23.90%

Return on Equity

24.14%

Return on Assets

19.39%

Free Cashflow Yield

3.45%

OFLX Fundamentals

OFLX Revenue

Revenue (TTM)

106.7M

Rev. Growth (Yr)

-15.91%

Rev. Growth (Qtr)

-10.41%

OFLX Earnings

Earnings (TTM)

19.2M

Earnings Growth (Yr)

-26.52%

Earnings Growth (Qtr)

-13.7%

Breaking Down OFLX Revenue

Last 7 days

-1.3%

Last 30 days

-1.4%

Last 90 days

-8.5%

Trailing 12 Months

-36.3%

How does OFLX drawdown profile look like?

OFLX Financial Health

Current Ratio

5.37

OFLX Investor Care

Dividend Yield

Dividend/Share (TTM)

1.32

Diluted EPS (TTM)

1.91

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	106.7M	0	0	0
2023	124.2M	118.3M	114.1M	111.5M
2022	130.4M	130.2M	130.1M	125.5M
2021	111.4M	121.5M	126.2M	130.0M
2020	109.8M	104.8M	103.9M	105.8M
2019	109.7M	109.7M	110.5M	111.4M
2018	101.6M	104.6M	106.9M	108.3M
2017	99.0M	99.0M	100.0M	101.8M
2016	92.9M	95.1M	94.5M	94.1M
2015	89.6M	91.4M	92.1M	93.3M
2014	77.3M	78.3M	82.2M	85.2M
2013	65.8M	70.5M	73.7M	77.1M
2012	57.2M	58.1M	61.2M	64.0M
2011	48.7M	50.5M	52.4M	54.2M
2010	0	0	0	46.9M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Omega Flex Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	reed stewart b	sold	-	-	-2,079,010	-
Mar 22, 2024	reed stewart b	acquired	-	-	2,079,010	-
Mar 22, 2024	reed estate of john e	sold	-	-	-2,079,010	-
Feb 28, 2024	moran edwin b.	acquired	-	-	750	president
Feb 28, 2024	rivest dean w.	back to issuer	-52,942	70.59	-750	chief executive officer
Feb 28, 2024	rivest dean w.	acquired	-	-	750	chief executive officer
Feb 28, 2024	moran edwin b.	back to issuer	-52,942	70.59	-750	president
Dec 14, 2023	reed stewart b	gifted	-	-	-1,250	-
Jun 05, 2023	hoben kevin r	gifted	-	-	-850	chairman and ceo
Mar 27, 2023	reed stewart b	gifted	-	-	-1,000	-

Which funds bought or sold OFLX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	unchanged	-	10,443	1,763,670	0.01%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-4.86	-11,151	248,326	-%
May 15, 2024	AMERIPRISE FINANCIAL INC	unchanged	-	8,704	1,469,950	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-54.9	-140,050	116,324	-%
May 15, 2024	D. E. Shaw & Co., Inc.	reduced	-12.17	-47,236	358,197	-%
May 15, 2024	CITADEL ADVISORS LLC	reduced	-3.15	-16,354	619,858	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-0.61	-89.00	544,671	-%
May 15, 2024	Royal Bank of Canada	reduced	-0.27	5,000	1,739,000	-%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	reduced	-26.41	-138,679	395,293	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	sold off	-100	-233,529	-	-%

Are Funds Buying or Selling OFLX?

Are funds buying OFLX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OFLX

No. of Funds

OFLX Alerts

Big fall in Revenue (Y/Y)

Unveiling Omega Flex Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 26, 2024	reed stewart b	56.2%	5,672,678	SC 13D/A
Feb 13, 2024	kayne anderson rudnick investment management llc	10.68%	1,077,990	SC 13G/A
Feb 14, 2023	kayne anderson rudnick investment management llc	11.30%	1,140,174	SC 13G/A
Jan 18, 2023	conestoga capital advisors, llc	5.69%	574,055	SC 13G/A
Jul 11, 2022	kayne anderson rudnick investment management llc	10.72%	1,082,031	SC 13G/A
Feb 14, 2022	kayne anderson rudnick investment management llc	9.90%	999,762	SC 13G/A
Jan 10, 2022	conestoga capital advisors, llc	5.73%	578,683	SC 13G
Feb 16, 2021	kayne anderson rudnick investment management llc	11.93%	1,204,518	SC 13G/A
Feb 13, 2020	kayne anderson rudnick investment management llc	11.69%	1,180,265	SC 13G/A

Recent SEC filings of Omega Flex Inc

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 12, 2024	3	Insider Trading
Apr 09, 2024	8-K	Current Report
Apr 05, 2024	8-K	Current Report
Mar 28, 2024	8-K	Current Report
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	3	Insider Trading

Peers (Alternatives to Omega Flex Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CAT	176.0B	67.0B	-0.57%	65.92%	15.65	2.63	8.59%	58.17%
GE	175.0B	69.5B	2.71%	53.73%	49.85	2.52	16.04%	-60.91%
CMI	39.1B	34.0B	-1.97%	33.06%	18.95	1.15	12.85%	-19.64%
AME	38.6B	6.7B	-6.32%	12.86%	29.28	5.73	7.11%	10.53%
ACM	12.2B	15.3B	-3.16%	12.28%	-885.03	0.79	13.36%	-103.70%
MID-CAP
APG	9.8B	6.9B	-3.29%	52.06%	57.15	1.42	3.19%	62.26%
FLR	6.6B	15.5B	-3.16%	34.99%	21.56	0.42	7.53%	3145.00%
FLS	6.5B	4.4B	8.65%	40.81%	27.89	1.48	17.31%	1.26%
ACA	4.2B	2.4B	12.71%	24.81%	29.5	1.79	4.48%	-49.27%
ALG	2.3B	1.7B	-5.99%	7.81%	17.35	1.37	8.96%	15.52%
SMALL-CAP
AMRC	1.4B	1.4B	46.91%	-37.28%	24.47	1.02	-13.54%	-25.70%
AGX	872.9M	573.3M	9.79%	57.95%	26.98	1.52	26.00%	-2.24%
NKLA	732.5M	35.8M	-15.62%	-26.90%	-0.78	20.44	-27.93%	-18.06%
AMSC	430.6M	135.4M	17.93%	212.03%	-26.25	3.18	-25.90%	65.37%
ADES	247.8M	100.1M	1.25%	441.48%	-30.37	2.47	2.80%	39.07%

Omega Flex Inc News

Latest updates

Omega Flex Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
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	-10.4%	25.00	28.00	27.00	26.00	30.00	31.00	32.00	32.00	31.00	35.00	32.00	32.00	31.00	32.00	27.00	22.00	25.00	30.00	28.00	27.00	27.00
Gross Profit	-11.1%	15.00	17.00	17.00	16.00	19.00	19.00	20.00	21.00	19.00	22.00	20.00	20.00	20.00	20.00	17.00	13.00	16.00	19.00	18.00	17.00	17.00
S&GA Expenses	-0.2%	5.00	5.00	5.00	5.00	6.00	5.00	5.00	6.00	6.00	6.00	5.00	5.00	5.00	5.00	4.00	4.00	5.00	5.00	5.00	4.00	5.00
EBITDA Margin	-1.6%	0.27*	0.27*	0.27*	0.27*	0.26*	0.26*	0.26*	0.26*	0.27*	0.28*	0.28*	0.28*	0.27*	0.26*	-	-	-	-	-	-	-
Interest Expenses	4.8%	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.10	0.00	0.00	0.00	0.00	0.00
Income Taxes	-24.1%	1.00	2.00	2.00	1.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	2.00	1.00	1.00	1.00
Earnings Before Taxes	-16.4%	6.00	7.00	7.00	6.00	8.00	8.00	8.00	7.00	7.00	10.00	8.00	8.00	8.00	10.00	6.00	5.00	6.00	7.00	5.00	5.00	6.00
EBT Margin	-3.3%	0.24*	0.25*	0.25*	0.25*	0.25*	0.25*	0.25*	0.25*	0.26*	0.27*	0.28*	0.27*	0.26*	0.25*	-	-	-	-	-	-	-
Net Income	-13.7%	4.00	5.00	6.00	5.00	6.00	6.00	7.00	5.00	5.00	8.00	6.00	6.00	6.00	7.00	5.00	4.00	4.00	6.00	3.00	4.00	4.00
Net Income Margin	-3.2%	0.18*	0.19*	0.19*	0.19*	0.19*	0.19*	0.19*	0.19*	0.19*	0.20*	0.20*	0.20*	0.20*	0.19*	-	-	-	-	-	-	-
Free Cashflow	-80.9%	2.00	12.00	1.00	8.00	1.00	11.00	3.00	4.00	-3.95	12.00	2.00	9.00	2.00	8.00	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
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	-1.0%	99.00	100	96.00	94.00	94.00	98.00	93.00	89.00	84.00	89.00	83.00	77.00	70.00	72.00	63.00	60.00	57.00	61.00	93.00	88.00	85.00
Current Assets	-3.3%	78.00	80.00	75.00	73.00	73.00	76.00	76.00	72.00	67.00	72.00	66.00	60.00	56.00	57.00	49.00	46.00	42.00	46.00	78.00	74.00	71.00
Cash Equivalents	-2.3%	45.00	46.00	38.00	40.00	35.00	38.00	31.00	30.00	29.00	33.00	27.00	28.00	23.00	24.00	19.00	19.00	14.00	16.00	25.00	24.00	21.00
Inventory	-0.1%	16.00	16.00	16.00	17.00	18.00	18.00	22.00	22.00	18.00	16.00	13.00	12.00	12.00	12.00	11.00	11.00	11.00	11.00	10.00	9.00	9.00
Net PPE	1.9%	9.00	9.00	9.00	9.00	9.00	8.00	9.00	8.00	8.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00
Goodwill	0%	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00
Liabilities	-8.8%	20.00	21.00	18.00	19.00	21.00	27.00	25.00	24.00	22.00	28.00	27.00	24.00	20.00	25.00	22.00	20.00	18.00	23.00	23.00	19.00	14.00
Current Liabilities	-20.1%	14.00	18.00	15.00	16.00	17.00	22.00	21.00	20.00	17.00	23.00	21.00	19.00	18.00	22.00	18.00	18.00	15.00	20.00	20.00	16.00	11.00
Shareholder's Equity	1.3%	80.00	79.00	77.00	75.00	74.00	71.00	68.00	65.00	63.00	61.00	56.00	53.00	50.00	46.00	42.00	40.00	39.00	38.00	70.00	70.00	71.00
Retained Earnings	1.3%	69.00	68.00	67.00	65.00	63.00	61.00	58.00	55.00	52.00	50.00	45.00	42.00	39.00	36.00	31.00	29.00	29.00	27.00	60.00	59.00	60.00
Additional Paid-In Capital	0%	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00
Shares Outstanding	0%	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	-	-	-	-	-
Minority Interest	-12.3%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Float	-	-	-	-	344	-	-	-	348	-	-	-	451	-	-	-	304	-	-	-	221	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
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	-77.3%	2,704	11,926	2,039	7,987	1,470	10,677	3,696	4,749	-3,876	11,985	2,184	8,773	2,207	7,969	2,038	8,552	751	6,368	4,594	6,035	-956
Share Based Compensation	771.4%	61.00	7.00	-144	20.00	409	105	-81.00	-148	280	-73.00	102	36.00	441	47.00	1,264	609	-467	510	817	399	746
Cashflow From Investing	-146.5%	-461	-187	-638	-364	-453	-125	-313	-425	-79.00	-251	-203	-155	-362	-183	-194	-42.00	-145	22,662	-267	-561	-8,115
Cashflow From Financing	0.0%	-3,332	-3,331	-3,332	-3,229	-3,232	-3,231	-3,230	-	-	-6,058	-3,156	-2,827	-2,826	-2,827	-2,826	-2,827	-2,826	-38,221	-2,963	-2,422	-2,422
Dividend Payments	0.0%	3,332	3,331	3,332	3,229	3,232	3,231	3,230	-	-	6,058	3,156	2,827	2,826	2,827	2,826	2,827	2,826	38,221	2,963	2,422	2,422

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OFLX Income Statement

2024-03-31

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net Sales	$ 25,216	$ 29,987
Cost of Goods Sold	10,117	11,359
Gross Profit	15,099	18,628
Selling Expense	5,352	5,573
General and Administrative Expense	3,758	4,794
Engineering Expense	931	955
Operating Profit	5,058	7,306
Interest Income	546	281
Other (Expense) Income	(29)	31
Income Before Income Taxes	5,575	7,618
Income Tax Expense	1,375	1,877
Net Income	4,200	5,741
Net Loss - Noncontrolling Interest	19	1
Net Income attributable to Omega Flex, Inc.	$ 4,219	$ 5,742
Earnings per common share - Basic	$ 0.42	$ 0.57
Earnings per common share - Diluted	0.42	0.57
Cash Dividends Declared per Common Share	$ 0.33	$ 0.32
Weighted average shares outstanding - Basic	10,094	10,094
Weighted average shares 0utstanding - Diluted	10,094	10,094

OFLX Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and Cash Equivalents	$ 45,268	$ 46,356
Accounts Receivable - less allowances of $833 and $1,126, respectively	14,271	15,361
Inventories - Net	15,582	15,597
Other Current Assets	2,398	2,874
Total Current Assets	77,519	80,188
Right-Of-Use Assets - Operating	4,622	2,940
Property and Equipment - Net	9,125	8,951
Goodwill - Net	3,526	3,526
Deferred Taxes		189
Other Long Term Assets	4,418	4,440
Total Assets	99,210	100,234
Current Liabilities:
Accounts Payable	2,857	2,090
Accrued Compensation	600	3,198
Accrued Commissions and Sales Incentives	2,930	4,428
Dividends Payable	3,331	3,332
Taxes Payable	1,299	190
Lease Liability - Operating	387	454
Other Liabilities	3,036	4,390
Total Current Liabilities	14,440	18,082
Lease Liability - Operating, net of current portion	4,297	2,492
Deferred Taxes	21
Taxes Payable Long Term	205	205
Other Long Term Liabilities	542	603
Total Liabilities	19,505	21,382
Commitments and Contingencies (Note 6)
Omega Flex, Inc. Shareholders’ Equity:
Common Stock – par value $0.01 share: authorized 20,000,000 shares: 10,153,633 shares issued and 10,094,322 shares outstanding as of March 31, 2024 and December 31, 2023, respectively	102	102
Treasury Stock	(1)	(1)
Paid-in Capital	11,025	11,025
Retained Earnings	69,381	68,493
Accumulated Other Comprehensive Loss	(945)	(930)
Total Omega Flex, Inc. Shareholders’ Equity	79,562	78,689
Noncontrolling Interest	143	163
Total Shareholders’ Equity	79,705	78,852
Total Liabilities and Shareholders’ Equity	$ 99,210	$ 100,234

About Omega Flex Inc

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, fabricating distributors, wholesalers, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.

CEO	Mr. Kevin R. Hoben
WEBSITE	omegaflexcorp.com
INDUSTRY	Apparel Manufacturing
EMPLOYEES	177

Omega Flex Inc Frequently Asked Questions

What is the ticker symbol for Omega Flex Inc? What does OFLX stand for in stocks?

OFLX is the stock ticker symbol of Omega Flex Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Omega Flex Inc (OFLX)?

As of Fri May 17 2024, market cap of Omega Flex Inc is 667.44 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OFLX stock?

You can check OFLX's fair value in chart for subscribers.

What is the fair value of OFLX stock?

You can check OFLX's fair value in chart for subscribers. The fair value of Omega Flex Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Omega Flex Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OFLX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Omega Flex Inc a good stock to buy?

The fair value guage provides a quick view whether OFLX is over valued or under valued. Whether Omega Flex Inc is cheap or expensive depends on the assumptions which impact Omega Flex Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OFLX.

What is Omega Flex Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, OFLX's PE ratio (Price to Earnings) is 34.69 and Price to Sales (PS) ratio is 6.26. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OFLX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Omega Flex Inc's stock?

In the past 10 years, Omega Flex Inc has provided 0.145 (multiply by 100 for percentage) rate of return.