Flowserve Corp

FLS

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Industrials
USA
Mid Cap

Flowserve Corp is Shariah Compliant. It passes 5/5 Shariah standards we screen against.

0.2%

Impure Income*

$0.014

Purification*

$0.194

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Mid Cap
BUY
$93.50
12
3.54%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
13.25%
7.82%
1.50
2.03
13.94%

Shariah Compliance

Debt
16.16%
Non-Compliant Assets
Impure Income
0.2%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
24.14%
Impure Income
0.2%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
21.29%
Impure Income
0.2%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
27.59%
Cash
13.32%
Cash & AR
32.64%
Impure Income
0.2%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
27.59%
Cash
13.32%
Cash & AR
32.64%
Impure Income
0.2%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.2%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Flowserve Corporation is a provider of fluid motion and control products and services. The Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. Its Flowserve Pumps Division segment designs, manufactures, pretests, distributes and services highly custom-engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals and auxiliary systems (original equipment) and related services. Its products and services are used by companies that operate in the energy, power generation, chemical, and general industries. Its Flowserve Pumps Division segment designs, manufactures, and distributes a portfolio of engineered-to-order and configured-to-order isolation valves, control valves, valve automation products and related equipment. Its products are used to control, direct and manage the flow of liquids, gases and multiphase fluids. It also provides aftermarket products and services for industrial gas turbines.