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Flexible Solutions International Inc

Basic Materials US FSI

3.39USD
0.17(5.12%)

Last update at 2024-09-13T20:10:00Z

Day Range

3.233.39
LowHigh

52 Week Range

1.363.44
LowHigh

Fundamentals

  • Previous Close 3.23
  • Market Cap19.65M
  • Volume15707
  • P/E Ratio5.27
  • Dividend Yield9.04%
  • EBITDA5.51M
  • Revenue TTM41.11M
  • Revenue Per Share TTM3.31
  • Gross Profit TTM 11.40M
  • Diluted EPS TTM0.30

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 7.86M 6.65M 5.19M 2.31M 3.05M
Minority interest -0.69163M -0.84510M 2.56M 0.38M -0.06855M
Net income 7.02M 3.45M 2.98M 1.91M 2.49M
Selling general administrative 6.20M 5.39M 5.12M 5.58M 4.48M
Selling and marketing expenses 0.18M 0.17M 0.20M 0.16M 0.07M
Gross profit 13.87M 11.40M 9.77M 8.62M 5.64M
Reconciled depreciation 1.33M 1.23M 1.18M 0.62M 0.34M
Ebit 7.05M 5.48M 4.12M 2.84M 0.99M
Ebitda 9.18M 7.03M 5.74M 3.46M 1.33M
Depreciation and amortization 2.13M 1.54M 1.62M 0.62M 0.34M
Non operating income net other - - 0.94M 0.41M 1.75M
Operating income 7.05M 5.48M 4.12M 2.84M 1.31M
Other operating expenses 38.46M 28.70M 27.03M 24.69M 16.87M
Interest expense 0.29M 0.20M 0.26M 0.43M 0.09M
Tax provision 0.15M 2.36M 1.61M 0.02M 0.63M
Interest income 0.47M 0.08M 0.05M 0.08M 0.04M
Net interest income -0.16072M -0.12193M -0.20756M -0.34764M -0.05681M
Extraordinary items - - - - -
Non recurring - - 0.26M 0.66M 0.09M
Other items - - - - -
Income tax expense 0.15M 2.36M 1.61M 0.02M 0.63M
Total revenue 45.84M 34.42M 31.41M 27.44M 17.83M
Total operating expenses 6.48M 5.68M 5.39M 5.87M 4.68M
Cost of revenue 31.97M 23.02M 21.64M 18.82M 12.19M
Total other income expense net 0.81M 1.17M 1.07M -0.52118M 2.16M
Discontinued operations - - - - -
Net income from continuing ops 7.71M 4.29M 3.58M 1.91M 4.35M
Net income applicable to common shares 7.02M 3.45M 2.98M 1.91M 2.49M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 51.59M 39.55M 35.09M 32.38M 31.20M
Intangible assets 2.44M 2.61M 2.81M 3.00M 3.19M
Earning assets - - - - -
Other current assets 1.01M 0.44M 0.30M 0.22M 0.20M
Total liab 16.35M 11.85M 11.32M 11.92M 11.67M
Total stockholder equity 32.63M 25.10M 21.21M 17.91M 17.06M
Deferred long term liab - - 0.23M 1.06M 0.99M
Other current liab 5.45M 5.02M 3.77M 1.95M 1.36M
Common stock 0.01M 0.01M 0.01M 0.01M 0.01M
Capital stock 0.01M 0.01M 0.01M 0.01M 0.01M
Retained earnings 15.90M 8.88M 5.43M 2.46M 2.94M
Other liab - 0.31M 0.23M 1.06M 0.99M
Good will 2.53M 2.53M 2.53M 2.53M 2.53M
Other assets 0.27M 0.02M 5.60M 2.63M 0.92M
Cash 6.12M 5.71M 3.47M 3.63M 7.86M
Cash and equivalents 6.12M 5.71M 3.47M 3.63M 7.86M
Total current liabilities 10.30M 9.82M 7.89M 6.79M 6.10M
Current deferred revenue 0.39M 0.35M 0.31M 0.21M 0.13M
Net debt 3.02M -0.82554M 2.97M 4.42M 0.29M
Short term debt 3.59M 3.17M 3.25M 3.99M 3.57M
Short long term debt 3.54M 3.09M 2.96M 3.59M 3.57M
Short long term debt total 9.14M 4.88M 6.45M 8.06M 8.15M
Other stockholder equity 17.52M 16.98M 16.63M 16.44M 15.33M
Property plant equipment 9.88M 5.15M 5.63M 4.01M 2.56M
Total current assets 30.99M 23.81M 19.04M 17.51M 21.21M
Long term investments 5.46M 5.42M 4.78M 1.92M 0.78M
Net tangible assets - 19.95M 15.87M 12.38M 11.33M
Short term investments 0.70M 1.03M 1.00M - -
Net receivables 9.45M 7.13M 5.89M 4.47M 4.42M
Long term debt 5.44M 1.57M 3.00M 3.68M 4.58M
Inventory 14.42M 9.50M 8.37M 9.18M 8.73M
Accounts payable 0.87M 1.28M 0.56M 0.64M 1.05M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - 2.56M 2.55M 2.46M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -0.80580M -0.77573M -0.87212M -0.99461M -1.22257M
Additional paid in capital - - - - -
Common stock total equity - - 0.01M 0.01M 0.01M
Preferred stock total equity - - - - -
Retained earnings total equity - - 5.43M 2.46M 2.94M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 0.00854M 0.00854M 0.00854M 1.03M 0.03M
Deferred long term asset charges - - - - 0.89M
Non current assets total 20.59M 15.74M 16.05M 14.87M 9.99M
Capital lease obligations 0.17M 0.22M 0.48M 0.79M -
Long term debt total 5.44M 1.57M 3.00M 3.68M 4.58M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -2.21563M -0.14070M -2.17973M -0.83546M 1.74M
Change to liabilities - 0.14M 0.65M 0.25M -0.10823M
Total cashflows from investing activities -2.21564M -0.65954M -3.21533M -2.66663M -2.55750M
Net borrowings - -1.04624M -1.75666M -0.37950M 6.26M
Total cash from financing activities 0.85M -1.70980M -2.69734M -3.08792M -6.12831M
Change to operating activities - -0.13971M -0.08381M -0.01833M 0.05M
Net income 7.71M 4.29M 3.58M 2.30M 2.49M
Change in cash 0.08M 2.26M -0.16189M -3.22327M 0.95M
Begin period cash flow 6.74M 4.47M 4.63M 7.86M 6.91M
End period cash flow 6.82M 6.74M 4.47M 4.63M 7.86M
Total cash from operating activities 1.48M 4.54M 5.71M 2.37M -2.16160M
Issuance of capital stock 0.14M 0.14M 0.04M 0.36M 0.10M
Depreciation 1.33M 1.23M 1.18M 0.62M 0.34M
Other cashflows from investing activities -0.23433M 0.12M 0.02M 0.00015M -4.11181M
Dividends paid - - 0.00000M -2.39813M 0.23M
Change to inventory -4.12402M -1.27575M 1.28M -0.47834M -2.18546M
Change to account receivables -2.33840M -1.24649M -1.42061M -0.31984M -1.04829M
Sale purchase of stock 0.14M 0.14M 0.04M 1.10M 0.10M
Other cashflows from financing activities 3.06M -0.61926M 2.82M -0.29688M -6.23067M
Change to netincome - 0.36M 0.34M -0.44810M -1.59979M
Capital expenditures 1.98M 0.78M 1.07M 1.83M 0.18M
Change receivables - - -1.42061M -0.31984M -1.04829M
Cash flows other operating - - 0.40M 0.44M -0.05266M
Exchange rate changes - - - - -0.46341M
Cash and cash equivalents changes - - -0.20722M -3.38460M 0.95M
Change in working capital -7.24162M -0.50332M 1.20M -0.47607M -3.49464M
Stock based compensation 0.40M 0.21M 0.16M 0.25M 0.11M
Other non cash items -0.65004M -1.06040M -0.83206M 0.28M -1.71098M
Free cash flow -0.50440M 3.75M 4.63M 0.54M -2.34243M

Peer Comparison

Sector: Basic Materials Industry: Specialty Chemicals

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FSI
Flexible Solutions International Inc
0.17 5.12% 3.39 5.27 4.94 0.48 0.58 0.43 2.97
LIN
Linde plc Ordinary Shares
1.47 0.31% 468.81 33.77 28.90 6.56 5.42 7.03 18.92
AIQUY
Air Liquide SA ADR
0.01 0.03% 37.63 29.34 24.57 3.42 3.95 3.87 15.91
AIQUF
L'Air Liquide S.A
- -% 188.05 29.39 24.69 3.41 3.97 3.87 15.91
SHW
Sherwin-Williams Co
1.43 0.38% 375.40 33.33 27.40 3.38 20.60 3.88 21.36

Reports Covered

Stock Research & News

Profile

Flexible Solutions International, Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers. The company offers thermal polyaspartates (TPAs) for oilfields to reduce scale and corrosion in various water systems; and for the agricultural industry to reduce fertilizer crystallization before, during, and after application, as well as to prevent crystal formation between fertilizer and minerals present in the soil. It also provides TPAs for irrigation to prevent early plugging of drip irrigation ports, reduce maintenance costs, and lengthen the life of equipment; TPAs for cleaning products to prevents the re-deposition of dirt onto the surfaces; and TPAs as additives for household laundry detergents, consumer care products, and pesticides. In addition, the company offers nitrogen conservation products for agriculture that slow down nitrogen loss from fields. Further, it provides HEATSAVR, a chemical product for use in swimming pools and spas that forms a thin and transparent layer on the water's surface; and WATERSAVR to reduce water evaporation in reservoirs, potable water storage tanks, livestock watering ponds, aqueducts, canals, and irrigation ditches, as well as for lawn and turf care, and potted and bedding plants. Flexible Solutions International, Inc. was incorporated in 1991 and is headquartered in Taber, Canada.

Flexible Solutions International Inc

6001 54th Avenue, Taber, AB, Canada, T1G 1X4

Key Executives

Name Title Year Born
Mr. Daniel B. O'Brien Pres, CEO, Principal Financial & Accounting Officer and Director 1957

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