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FLS - Flowserve Corporation

NYSE -> Industrials -> Specialty Industrial Machinery
Irving, United States
Type: Equity

FLS price evolution
FLS
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $545.68 $480.46 $422.84 $404.73
Short term investments
Net receivables $881.87 $1113.99 $1115.5 $1136.05
Inventory $879.94 $916.11 $914.29 $882.25
Total current assets $2703.78 $2638.53 $2579.38 $2542.24
Long term investments
Property, plant & equipment $662.59 $649.11 $664.47 $665.12
Goodwill & intangible assets $1304.47 $1286.94 $1302.35 $1301.98
Total noncurrent assets $2404.94 $2326.69 $2340.63 $2333.51
Total investments
Total assets $5108.72 $4965.21 $4920.02 $4875.75
Current liabilities
Accounts payable $547.82 $481.34 $492.62 $488.76
Deferred revenue $287.7 $270.73 $269.73 $291.64
Short long term debt $98.63 $92.91 $88.22 $86.01
Total current liabilities $1438.58 $1306.82 $1292.09 $1321.72
Long term debt $1305.97 $1405.33 $1391.51 $1359.7
Total noncurrent liabilities $1695.09 $1745.11 $1705.92 $1674.33
Total debt $1404.6 $1498.24 $1479.73 $1445.72
Total liabilities $3133.67 $3051.92 $2998.01 $2996.05
Shareholders' equity
Retained earnings $3854.72 $3818.39 $3798.98 $3774.38
Other shareholder equity -$639.6 -$659.65 -$623.69 -$631.53
Total shareholder equity $1936.1 $1874.11 $1884.45 $1846.32
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $545.68 $434.97 $658.45 $1095.27
Short term investments
Net receivables $881.87 $1102.09 $739.21 $753.46
Inventory $879.94 $803.2 $678.29 $667.23
Total current assets $2703.78 $2450.97 $2388.68 $2904.33
Long term investments
Property, plant & equipment $662.59 $675.92 $709.79 $765
Goodwill & intangible assets $1304.47 $1302.63 $1348.94 $1393.38
Total noncurrent assets $2404.94 $2339.66 $2361.09 $2410.34
Total investments
Total assets $5108.72 $4790.63 $4749.77 $5314.68
Current liabilities
Accounts payable $547.82 $476.75 $410.06 $440.2
Deferred revenue $287.7 $256.96 $202.97 $194.23
Short long term debt $98.63 $81.86 $73.69 $43.98
Total current liabilities $1438.58 $1243.15 $1131.81 $1141.63
Long term debt $1305.97 $1224.15 $1428.56 $1894.16
Total noncurrent liabilities $1695.09 $1688.88 $1780.62 $2410.24
Total debt $1404.6 $1461.21 $1502.24 $1938.14
Total liabilities $3133.67 $2965.64 $2912.42 $3551.88
Shareholders' equity
Retained earnings $3854.72 $3774.21 $3691.02 $3656.45
Other shareholder equity -$639.6 -$640.81 -$563.59 -$594.05
Total shareholder equity $1936.1 $1824.99 $1804.32 $1732.47
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1165.18 $1094.72 $1080.38 $980.3
Cost of revenue $825.63 $777.02 $757.62 $683.48
Gross Profit $339.54 $317.69 $322.76 $296.83
Operating activities
Research & development
Selling, general & administrative $234.75 $252.06 $230.08 $244.27
Total operating expenses $230.08 $247.44 $226.11 $239.64
Operating income $109.46 $70.26 $96.65 $57.19
Income from continuing operations
EBIT $83.5 $52.24 $89.06 $47.43
Income tax expense $3.99 -$11.19 $21.3 $4.45
Interest expense $16.89 $17.27 $16.55 $16.21
Net income
Net income $62.62 $46.16 $51.2 $26.77
Income (for common shares) $62.62 $46.16 $51.2 $26.77
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $4320.58 $3615.12 $3541.06 $3728.13
Cost of revenue $3043.75 $2620.82 $2491.34 $2611.36
Gross Profit $1276.83 $994.29 $1049.72 $1116.77
Operating activities
Research & development
Selling, general & administrative $961.17 $815.54 $797.08 $878.25
Total operating expenses $943.27 $797.08 $780.77 $866.49
Operating income $333.55 $197.22 $268.95 $250.28
Income from continuing operations
EBIT $272.23 $191.3 $180.97 $233.74
Income tax expense $18.56 -$43.64 -$2.59 $60.03
Interest expense $66.92 $46.25 $57.62 $57.39
Net income
Net income $186.74 $188.69 $125.95 $116.33
Income (for common shares) $186.74 $188.69 $125.95 $116.33
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $62.62 $46.16 $51.2 $26.77
Operating activities
Depreciation $20.67 $20.46 $21.02 $21.59
Business acquisitions & disposals -$3.28
Stock-based compensation $5.68 $6.25 $5.92 $9.95
Total cash flows from operations $194.63 $80.76 $23.8 $26.59
Investing activities
Capital expenditures -$17.76 -$15.65 -$16.57 -$15.32
Investments
Total cash flows from investing -$20.2 -$15.54 -$16.38 -$16.46
Financing activities
Dividends paid -$26.24 -$26.24 -$26.24 -$26.23
Sale and purchase of stock
Net borrowings -$94.63 $26.41 $38.18 -$11.44
Total cash flows from financing -$120.92 $0.2 $11.53 -$43.82
Effect of exchange rate $11.71 -$7.79 -$0.84 $3.44
Change in cash and equivalents $65.22 $57.62 $18.11 -$30.25
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $186.74 $188.69 $125.95 $116.33
Operating activities
Depreciation $83.75 $90.95 $99.82 $100.75
Business acquisitions & disposals -$3.28 -$0.23 -$7.2
Stock-based compensation $27.81 $25.53 $29.48 $27.25
Total cash flows from operations $325.77 -$40.01 $250.12 $310.54
Investing activities
Capital expenditures -$65.3 -$71.86 -$52.27 -$41.7
Investments
Total cash flows from investing -$68.58 -$6.09 -$59.48 -$41.7
Financing activities
Dividends paid -$104.95 -$104.55 -$104.6 -$104.16
Sale and purchase of stock -$17.53 -$32.11
Net borrowings -$41.49 -$32.56 -$458.57 $299.51
Total cash flows from financing -$153.01 -$150.01 -$599.71 $147.59
Effect of exchange rate $6.53 -$27.37 -$27.76 $7.87
Change in cash and equivalents $110.71 -$223.48 -$436.82 $424.29
Fundamentals
Market cap $5.98B
Enterprise value $6.84B
Shares outstanding 130.91M
Revenue $4.32B
EBITDA $355.98M
EBIT $272.23M
Net Income $186.74M
Revenue Q/Q 12.15%
Revenue Y/Y 19.51%
P/E ratio 32.02
EV/Sales 1.58
EV/EBITDA 19.21
EV/EBIT 25.12
P/S ratio 1.38
P/B ratio 2.32
Book/Share 19.68
Cash/Share 4.17
EPS $1.43
ROA 3.76%
ROE 9.91%
Debt/Equity 1.62
Net debt/EBITDA 7.27
Current ratio 1.88
Quick ratio 1.27