Flexible Solutions International, Inc. (FSI) is a publicly traded company in the Basic Materials — Chemicals - Specialty industry listed on AMEX. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Flexible Solutions International, Inc., headquartered in Taber, Canada, operates as a global enterprise focused on the development, manufacturing, and distribution of specialized chemicals primarily aimed at reducing water evaporation. The company's operations are divided into two main areas: Energy and Water Conservation Products, and Biodegradable Polymers. Within its Biodegradable Polymers division, a significant offering includes thermal polyaspartates (TPAs).
Analysis Summary
Flexible Solutions International, Inc. reported revenue of $38.5M in the most recent fiscal year, growing at a 5-year CAGR of 4.2%. Net income reached $786894, with a -23.4% 5-year CAGR.
Trailing-twelve-month margins: gross margin 16.2%, operating margin -5.6%, net margin -8.8%.
At the current price of $5.80, FSI has negative trailing earnings (P/E not meaningful) and an ROE of -8.12%. Market capitalisation stands at $74M.
Balance sheet quality for FSI: current ratio of 3.1, net debt of $2.8M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is below average: free cash flow of -$591710 represents -75% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $5.80 |
| Market Cap | $74M |
| Exchange | AMEX |
| Country | CA |
Valuation Ratios
| Price / Book | 1.98 |
| EV / EBITDA | -248.05 |
| Dividend Yield | 0.00% |
Profitability
| Return on Equity | -8.12% |
| Return on Invested Capital | -3.89% |
| Return on Assets | -5.29% |
| Gross Margin | 16.24% |
| Operating Margin | -5.61% |
| Net Margin | -8.76% |
Financial Health
| Debt / Equity | 0.27 |
| Current Ratio | 2.82 |
What to look at in Basic Materials
Miners, chemicals, steel. 100% commodity-driven. Analysing them with pure P/E is a mistake — look at cost position and dividend sustainability.
- FCF yield — In commodities FCF is gold — EPS is very misleading
- Gross margin — 5y consistent gross margin = moat signal
- Net debt / EBITDA (trough) — Use EBITDA from the worst year of the cycle, not the current one
- Dividend coverage — Dividend covered by FCF in an average year, not at peak
- Capex / D&A — >1x = maintain/grow reserves. <0.7x = decapitalising
- Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
- P/B across cycles — Commodities: 0.8-1.2x at troughs, 2x+ at peaks. <2x still reasonable zone
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| FSI | Flexible Solutions International, Inc. | $74M | 1.98 | -8.1% | |
| LIN | Linde plc | $213.8B | 29.27 | 5.39 | 18.9% |
| 0L5V.L | The Sherwin-Williams Company | $79.8B | |||
| SHW | The Sherwin-Williams Company | $78.5B | 29.52 | 20.53 | 55.9% |
| ECL | Ecolab Inc. | $78.0B | 36.84 | 7.73 | 21.4% |
| 0IFA.L | Ecolab Inc. | $76.3B | |||
| APD | Air Products and Chemicals, Inc. | $63.9B | 4.62 | -0.3% | |
| 0HBH.L | Air Products and Chemicals, Inc. | $63.3B |
Price Performance
| 1 month | +10.48% |
| 3 months | -10.49% |
| Year-to-date | -13.82% |
| 1 year | -43.03% |
| 3 years | +118.87% |
52-Week Range
| 52-week High | $11.30 |
| 52-week Low | $4.85 |
| Avg Volume (90d) | 20K |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2025-05-19 | $0.1000 | 6.90% |
| 2024-04-29 | $0.1000 | 6.90% |
| 2023-04-27 | $0.0500 | 3.45% |
| 2019-09-30 | $0.0750 | 5.17% |
| 2019-03-05 | $0.0500 | 3.45% |
Related companies: ACNT · ALTO · BIOX · CMT · HLP · LOOP · MERC
Explore sector: Basic Materials · Chemicals - Specialty
More sections of FSI: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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