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

67.30USD-2.37 (-3.40%)Market Closed

Market Summary

USD67.30-2.37

Market Closed

-3.40%

OFLX Stock Price

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OFLX RSI Chart

OFLX Valuation

Market Cap

679.3M

Price/Earnings (Trailing)

32.72

Price/Sales (Trailing)

6.09

EV/EBITDA

20.86

Price/Free Cashflow

31.19

OFLX Price/Sales (Trailing)

OFLX Profitability

EBT Margin

24.71%

Return on Equity

26.33%

Return on Assets

20.71%

Free Cashflow Yield

3.21%

OFLX Fundamentals

OFLX Revenue

Revenue (TTM)

111.5M

Rev. Growth (Yr)

-8.66%

Rev. Growth (Qtr)

2.37%

OFLX Earnings

Earnings (TTM)

20.8M

Earnings Growth (Yr)

-20.9%

Earnings Growth (Qtr)

-12.32%

Breaking Down OFLX Revenue

Last 7 days

-3.9%

Last 30 days

-6.4%

Last 90 days

-4.7%

Trailing 12 Months

-34.4%

How does OFLX drawdown profile look like?

OFLX Financial Health

Current Ratio

4.43

OFLX Investor Care

Dividend Yield

1.95%

Dividend/Share (TTM)

1.31

Diluted EPS (TTM)

2.1

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
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
Apr 15, 2024	Sunbelt Securities, Inc.	unchanged	-	3.00	497	-%
Apr 11, 2024	BENNETT SELBY INVESTMENTS LP	added	99.44	543,678	1,087,170	0.26%
Apr 10, 2024	Founders Capital Management	new	-	14,186	14,186	0.01%
Apr 05, 2024	CWM, LLC	new	-	3,000	3,000	-%
Apr 05, 2024	GAMMA Investing LLC	unchanged	-	9.00	497	-%
Apr 03, 2024	WealthCollab, LLC	new	-	1,763	1,763	-%
Apr 01, 2024	AZZAD ASSET MANAGEMENT INC /ADV	added	1.23	-78,387	760,506	0.10%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	unchanged	-	-7,834	67,196	-%
Mar 11, 2024	VANGUARD GROUP INC	added	1.76	-1,094,050	11,244,400	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	99.18	478,733	1,089,520	-%

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

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
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	3	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	SC 13D/A	13D - Major Acquisition
Mar 21, 2024	4	Insider Trading
Mar 21, 2024	4	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	182.9B	67.1B	1.81%	59.09%	17.71	2.73	12.84%	54.12%
GE	169.4B	68.0B	-8.37%	58.11%	17.87	2.49	16.96%	2688.24%
CMI	41.3B	34.1B	1.77%	23.41%	49.18	1.21	21.34%	-61.52%
AME	41.1B	6.6B	-2.20%	27.88%	31.33	6.24	7.26%	13.25%
ACM	12.6B	14.9B	0.99%	11.51%	203.51	0.84	12.31%	-81.65%
MID-CAP
APG	9.0B	6.9B	-1.93%	72.73%	59.12	1.31	5.64%	109.59%
FLR	6.7B	15.5B	-1.44%	29.52%	48.7	0.44	12.59%	-4.48%
FLS	6.0B	4.3B	2.54%	35.35%	32.1	1.39	19.51%	-1.03%
ACA	3.7B	2.3B	-4.75%	28.63%	23.48	1.62	2.90%	-35.23%
ALG	2.5B	1.7B	2.14%	15.15%	18.22	1.47	11.63%	33.59%
SMALL-CAP
AMRC	970.3M	1.4B	-11.42%	-60.02%	15.53	0.71	-24.65%	-34.19%
NKLA	854.8M	35.8M	6.67%	-34.56%	-0.88	23.85	-27.93%	-23.21%
AGX	795.2M	573.3M	21.48%	54.20%	24.58	1.39	26.00%	-2.24%
AMSC	365.1M	135.4M	-10.74%	179.53%	-22.26	2.7	-25.90%	65.37%
ADES	240.0M	99.2M	24.27%	262.81%	-19.59	2.42	-3.69%	-37.37%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.4%	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	29.00
Gross Profit	0.3%	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	18.00
S&GA Expenses	6.0%	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	4.00
EBITDA Margin	-1.8%	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	3.8%	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	0.00
Income Taxes	3.7%	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	2.00
Earnings Before Taxes	-8.9%	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	8.00
EBT Margin	-2.2%	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	-12.3%	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	6.00
Net Income Margin	-3.6%	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	737.9%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	4.9%	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	87.00
Current Assets	7.1%	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	74.00
Cash Equivalents	22.1%	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	32.00
Inventory	-3.4%	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	8.00
Net PPE	-1.2%	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	8.00
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	16.1%	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	21.00
Current Liabilities	20.0%	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	18.00
Shareholder's Equity	2.2%	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	66.00
Retained Earnings	2.3%	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	56.00
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	-13.3%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	484.9%	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	9,342
Share Based Compensation	104.9%	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	-327
Cashflow From Investing	70.7%	-187	-638	-364	-453	-125	-313	-425	-79.00	-251	-203	-155	-362	-183	-194	-42.00	-145	22,662	-267	-561	-8,115	19,075
Cashflow From Financing	0.0%	-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	-2,422
Dividend Payments	0.0%	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	2,422

OFLX Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net Sales	$ 111,465	$ 125,487	$ 130,011
Cost of Goods Sold	43,100	47,182	48,480
Gross Profit	68,365	78,305	81,531
Selling Expense	20,993	21,931	20,429
General and Administrative Expense	17,705	20,625	21,430
Engineering Expense	3,868	4,733	4,610
Operating Profit	25,799	31,016	35,062
Interest Income	1,700	174	35
Other Income (Expense)	46	(211)	21
Income Before Income Taxes	27,545	30,979	35,118
Income Tax Expense	6,825	7,327	8,862
Net Income	20,720	23,652	26,256
Less: Net Loss (Income) – Noncontrolling Interest	43	(30)	(61)
Net Income attributable to Omega Flex, Inc.	$ 20,763	$ 23,622	$ 26,195
Earnings per common share - Basic	$ 2.06	$ 2.34	$ 2.60
Earnings per common share - Diluted	2.06	2.34	2.60
Cash Dividends Declared per Common Share	$ 1.31	$ 1.26	$ 1.18
Weighted average shares outstanding - Basic	10,094	10,094	10,094
Weighted average shares outstanding - Diluted	10,094	10,094	10,094

OFLX Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 46,356	$ 37,703
Accounts Receivable - less allowances of $1,126 and $1,111, respectively	15,361	17,503
Inventories - Net	15,597	17,764
Other Current Assets	2,874	2,785
Total Current Assets	80,188	75,755
Right-Of-Use Assets - Operating	2,940	3,205
Property and Equipment - Net	8,951	8,404
Goodwill - Net	3,526	3,526
Deferred Taxes	189	923
Other Long Term Assets	4,440	5,871
Total Assets	100,234	97,684
Current Liabilities:
Accounts Payable	2,090	2,290
Accrued Compensation	3,198	3,782
Accrued Commissions and Sales Incentives	4,428	4,996
Dividends Payable	3,332	3,232
Taxes Payable	190	109
Lease Liability - Operating	454	447
Other Liabilities	4,390	7,530
Total Current Liabilities	18,082	22,386
Lease Liability - Operating, net of current portion	2,492	2,763
Deferred Taxes		6
Tax Payable Long Term	205	370
Other Long Term Liabilities	603	986
Total Liabilities	21,382	26,511
Commitments and Contingencies (Note 7)
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 December 31, 2023 and December 31, 2022, respectively	102	102
Treasury Stock	(1)	(1)
Paid-in Capital	11,025	11,025
Retained Earnings	68,493	60,954
Accumulated Other Comprehensive Loss	(930)	(1,103)
Total Omega Flex, Inc. Shareholders’ Equity	78,689	70,977
Noncontrolling Interest	163	196
Total Shareholders’ Equity	78,852	71,173
Total Liabilities and Shareholders’ Equity	$ 100,234	$ 97,684

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 Wed Apr 17 2024, market cap of Omega Flex Inc is 679.35 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 Wed Apr 17 2024, OFLX's PE ratio (Price to Earnings) is 32.72 and Price to Sales (PS) ratio is 6.09. 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 0.139 (multiply by 100 for percentage) rate of return.