Flowserve Corp Stock Research

Market Summary

USD31.02-0.33

Market Closed

-1.05%

FLS Alerts

Big jump in Earnings (Y/Y)

FLS Stock Price

FLS RSI Chart

FLS Valuation

Market Cap

4.1B

Price/Earnings (Trailing)

21.49

Price/Sales (Trailing)

1.12

Price/Free Cashflow

-101.33

FLS Price/Sales (Trailing)

FLS Profitability

Return on Equity

10.15%

Return on Assets

3.94%

Free Cashflow Yield

-0.99%

FLS Fundamentals

FLS Revenue

Revenue (TTM)

3.6B

Revenue Y/Y

12.99%

Revenue Q/Q

19.03%

FLS Earnings

Earnings (TTM)

188.7M

Earnings Y/Y

626.53%

Earnings Q/Q

215.96%

Price Action

52 Week Range

23.8937.03

(Low)(High)

Last 7 days

-7.8%

Last 30 days

-13.4%

Last 90 days

4.1%

Trailing 12 Months

-3.2%

FLS Financial Health

Current Ratio

1.97

FLS Investor Care

Shares Dilution (1Y)

0.35%

Diluted EPS (TTM)

1.44

Peers (Alternatives to Flowserve)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ITW	70.3B	15.9B	-4.56%	11.77%	23.16	4.41	10.22%	12.62%
IR	21.7B	5.9B	-7.82%	9.45%	35.84	3.66	14.83%	7.50%
XYL	17.5B	5.5B	-9.89%	14.00%	49.32	3.17	6.29%	-16.86%
IEX	16.5B	3.2B	-4.80%	13.07%	28.15	5.19	15.09%	30.60%
GGG	11.4B	2.1B	-6.77%	-1.61%	24.78	5.33	7.84%	4.72%
MID-CAP
DCI	7.8B	3.4B	-1.96%	20.78%	21.96	2.29	10.23%	12.47%
ITT	6.8B	3.0B	-14.00%	4.81%	18.5	2.27	8.05%	16.03%
FLS	4.1B	3.6B	-13.45%	-3.25%	21.49	1.12	2.09%	49.85%
SMALL-CAP
ERII	1.2B	125.6M	-4.27%	16.06%	51.42	9.85	20.87%	68.54%
GRC	612.4M	521.0M	-16.41%	-33.72%	54.71	1.18	37.72%	-62.50%
TWIN	135.9M	254.5M	-11.06%	-31.43%	14.75	0.53	9.95%	139.59%
MNTX	106.4M	273.9M	-12.26%	-29.53%	-21.7	0.39	29.46%	-7.17%
NNBR	54.9M	491.1M	-41.74%	-56.95%	-4.02	0.11	1.00%	-108.69%

Financials for Flowserve

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	3.4%	3,615	3,496	3,489	3,505	3,541
Gross Profit	2.9%	994	966	980	1,008	1,050
S&GA Expenses	0.8%	816	809	789	805	797
EBITDA	-	346	-	-	-	-
EBITDA Margin	-	0.10*	-	-	-	-
EBT Margin	-	0.05*	-	-	-	-
Interest Expenses	2.5%	46.00	45.00	48.00	52.00	58.00
Net Income	124.5%	189	84.00	95.00	96.00	126
Net Income Margin	117.1%	0.05*	0.02*	0.03*	0.03*	-
Free Cahsflow	-282.0%	-40.01	-10.47	117	187	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	6.3%	4,791	4,506	4,583	4,703	4,750
Current Assets	10.2%	2,451	2,224	2,281	2,377	2,389
Cash Equivalents	23.6%	435	352	458	576	658
Inventory	3.0%	803	779	749	722	678
Net PPE	-2.9%	473	487	507	516	-
Goodwill	2.9%	1,168	1,136	1,163	1,186	1,196
Current Liabilities	13.9%	1,243	1,092	1,092	1,148	1,132
LT Debt, Current	3.6%	48.00	46.00	45.00	41.00	-
LT Debt, Non Current	-0.7%	1,224	1,232	1,242	1,252	1,262
Shareholder's Equity	12.2%	1,859	1,657	1,754	1,791	1,804
Retained Earnings	2.6%	3,774	3,679	3,667	3,649	3,691
Additional Paid-In Capital	0.1%	507	507	500	496	506
Accumulated Depreciation	-1.3%	1,135	1,151	1,161	1,192	-
Shares Outstanding	0.0%	131	131	130	-	-
Minority Interest	-2.9%	34.00	35.00	32.00	36.00	33.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-282.0%	-40.01	-10.47	117	187	250
Share Based Compensation	-13.8%	26.00	30.00	30.00	31.00	29.00
Cashflow From Investing	90.8%	-6.09	-66.41	-64.63	-62.21	-59.48
Cashflow From Financing	84.8%	-150	-983	-186	-188	-599
Dividend Payments	0.1%	105	104	105	104	105
Buy Backs	NaN%	0.00	0.00	0.00	12.00	18.00

Risks for FLS

What is the probability of a big loss on FLS?

78.8%

Probability that Flowserve stock will be more than 20% underwater in next one year

58.9%

Probability that Flowserve stock will be more than 30% underwater in next one year.

19.6%

Probability that Flowserve stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FLS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Flowserve was unfortunately bought at previous high price.

Drawdowns

Returns for FLS

Cumulative Returns on FLS

-3.9%

10-Year Cumulative Returns

-3.0%

7-Year Cumulative Returns

-4.8%

5-Year Cumulative Returns

9.4%

3-Year Cumulative Returns

What are the long-term rolling returns for FLS?

FIve years rolling returns for Flowserve.

Annualized Returns

Which funds bought or sold FLS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.02	183,602	882,602	-%
2023-03-06	Rockefeller Capital Management L.P.	added	1,032	279,000	300,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-4.33	2,687,000	15,614,000	0.02%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	126,000	605,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC	reduced	-35.92	-87,925	371,075	0.01%
2023-02-21	MACQUARIE GROUP LTD	added	22.26	-26,000	70,000	-%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	unchanged	-	11,998	58,998	-%
2023-02-17	TRUIST FINANCIAL CORP	reduced	-12.92	63,327	699,327	-%
2023-02-16	HARBOUR INVESTMENTS, INC.	added	79.46	23,505	48,505	-%
2023-02-15	Point72 Middle East FZE	new	-	424,857	424,857	0.02%

Latest Funds Activity

Are funds buying FLS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FLS

No. of Funds

FLS Alerts

Big jump in Earnings (Y/Y)

Flowserve News

Schedule 13G FIlings of Flowserve

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	edgepoint investment group inc.	0%	0	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	first eagle investment management, llc	8.42%	11,008,936	SC 13G/A
Feb 06, 2023	wellington management group llp	8.35%	10,907,736	SC 13G
Feb 03, 2023	blackrock inc.	8.6%	11,229,159	SC 13G/A
Jan 10, 2023	vanguard group inc	10.01%	13,078,791	SC 13G/A
Jul 11, 2022	fmr llc	-	0	SC 13G
Feb 14, 2022	caisse de depot et placement du quebec	3.5%	4,509,536	SC 13G/A
Feb 11, 2022	edgepoint investment group inc.	8.4%	10,972,988	SC 13G/A
Feb 10, 2022	vanguard group inc	9.48%	12,353,613	SC 13G/A

FLS Fair Value

Flowserve fair value in different scenarios

The table shows the Fair Value estimates for Flowserve for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	4.79 -84.56%	6.82 -78.01%	8.69 -71.99%	11.58 -62.67%	15.88 -48.81%
Current Inflation	9.24 -70.21%	13.49 -56.51%	17.51 -43.55%	21.92 -29.34%	24.89 -19.76%
Very High Inflation	4.27 -86.23%	5.95 -80.82%	7.39 -76.18%	9.12 -70.60%	12.09 -61.03%

Historical Flowserve Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Flowserve

View All Filings

Date Filed	Form Type	Document
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 09, 2023	4	Insider Trading
Mar 07, 2023	10-K	Annual Report
Mar 01, 2023	NT 10-K	NT 10-K
Feb 23, 2023	4/A	Insider Trading
Feb 23, 2023	4/A	Insider Trading
Feb 23, 2023	4/A	Insider Trading
Feb 23, 2023	4/A	Insider Trading
Feb 23, 2023	4/A	Insider Trading

Latest Insider Trading transactions for FLS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-20	Hudson Susan Claire	acquired	-	-	512	chief legal officer
2023-02-20	Rowe Robert Scott	acquired	-	-	21,787	president & ceo
2023-02-20	Burger Elizabeth	sold (taxes)	-39,048	35.89	-1,088	chief human resources officer
2023-02-20	Hudson Susan Claire	sold (taxes)	-5,060	35.89	-141	chief legal officer
2023-02-20	Wilson Kirk	sold (taxes)	-28,747	35.89	-801	president, fcd
2023-02-20	Wilson Kirk	acquired	-	-	2,388	president, fcd
2023-02-20	Gillespie Keith E.	acquired	-	-	2,274	svp, chief sales officer
2023-02-20	Gillespie Keith E.	sold (taxes)	-19,883	35.89	-554	svp, chief sales officer
2023-02-20	Burger Elizabeth	acquired	-	-	2,841	chief human resources officer
2023-02-20	Schwetz Amy B	sold (taxes)	-160,464	35.89	-4,471	chief financial officer

About Flowserve

Robert S. Rowe

www.flowserve.com

16000

Flowserve Corporation designs, develops, manufactures, distributes, and services industrial flow management equipment in the United States, Europe, the Middle East, Africa, Asia, and internationally. It operates in two segments, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines. The FCD segment provides engineered and industrial valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment, as well as equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs, and field machining capabilities. This segment's products are used to control, direct, and manage the flow of liquids, gases, and fluids. The company primarily serves oil and gas, chemical and pharmaceuticals, power generation, and water management markets, as well as general industries, including mining and ore processing, pulp and paper, food and beverage, and other smaller applications. The company distributes its products through direct sales, distributors, and sales representatives. Flowserve Corporation was incorporated in 1912 and is headquartered in Irving, Texas.

FLS Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Sales	$ 3,615,120	$ 3,541,060	$ 3,728,134
Cost of sales	(2,620,825)	(2,491,335)	(2,611,365)
Gross profit	994,295	1,049,725	1,116,769
Selling, general and administrative expense	(815,545)	(797,076)	(878,245)
Gain on sale of business	0	1,806	0
Net earnings from affiliates	18,469	16,304	11,753
Operating income	197,219	270,759	250,277
Interest expense	(46,247)	(57,617)	(56,185)
Loss on extinguishment of debt	0	(46,176)	(1,201)
Interest income	3,963	2,764	4,175
Other income (expense), net	(559)	(36,142)	5,226
Earnings before income taxes	154,376	133,588	202,292
(Provision for) benefit from income taxes	43,639	2,594	(61,417)
Net earnings, including noncontrolling interests	198,015	136,182	140,875
Less: Net earnings attributable to noncontrolling interests	(9,326)	(10,233)	(10,455)
Net earnings attributable to Flowserve Corporation	$ 188,689	$ 125,949	$ 130,420
Net earnings per share attributable to Flowserve Corporation common shareholders:
Basic (in dollars per share)	$ 1.44	$ 0.97	$ 1.00
Diluted (in dollars per share)	$ 1.44	$ 0.96	$ 1.00
Weighted average shares - basic (in shares)	130,630	130,305	130,395
Weighted average shares - diluted (in shares)	131,315	130,857	131,050

FLS Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 434,971	$ 658,452
Accounts receivable, net	868,632	739,210
Contract assets, net	233,457	195,598
Inventories, net	803,198	678,287
Prepaid expenses and other	110,714	117,130
Total current assets	2,450,972	2,388,677
Property, plant and equipment, net	500,945	515,927
Operating lease right-of-use assets, net	174,980	193,863
Goodwill	1,168,124	1,196,479
Deferred taxes	149,290	44,049
Other intangible assets, net	134,503	152,463
Other assets, net	211,820	258,310
Total assets	4,790,634	4,749,768
Current liabilities:
Accounts payable	476,747	410,062
Accrued liabilities	427,578	445,092
Contract liabilities	256,963	202,965
Debt due within one year	49,335	41,058
Operating lease liabilities	32,528	32,628
Total current liabilities	1,243,151	1,131,805
Long-term debt due after one year	1,224,151	1,261,770
Operating lease liabilities	155,196	166,786
Retirement obligations and other liabilities	309,529	352,062
Commitments and contingencies (See Note 15)
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793 and 176,793, respectively	220,991	220,991
Capital in excess of par value	507,484	506,386
Retained earnings	3,774,209	3,691,023
Treasury shares, at cost — 46,359 and 46,794 shares, respectively	(2,036,882)	(2,057,706)
Deferred compensation obligation	6,979	7,214
Accumulated other comprehensive loss	(647,788)	(563,589)
Total Flowserve Corporation shareholders’ equity	1,824,993	1,804,319
Noncontrolling interests	33,614	33,026
Total equity	1,858,607	1,837,345
Total liabilities and equity	$ 4,790,634	$ 4,749,768