Apr. 10 at 3:41 PM
$FSI Maintaining Rating & Target. The Company continues to make significant strides in overhauling its business to capture faster growth and greater profits. The new food contract looks to be more profitable and faster growing than previously expected, and the unexpected addition of a Panama plant should yield better margins to avoid the ongoing tariff issues, while opening up capacity in the Peru, IL plant for food product growth. We continue to believe the pending growth is not priced in to the stock and are reiterating our Buy rating and
$9.00 target price on Flexible Solutions International. Our target price is based on a mix of an EV/EBITDA multiple of approximately 8 times our 2026 EBITDA estimate of
$15.9 million, discounted 10%, and a P/E multiple of 16 times our 2026 diluted EPS estimate of
$0.76, discounted 20%.
