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Steelcase Inc is a business equipment & supplies business based in the US. Steelcase shares (SCS) are listed on the NYSE and all prices are listed in US Dollars. Steelcase employs 12,700 staff and has a trailing 12-month revenue of around USD$2.9 billion.
|52-week range||USD$6.7801 - USD$15.569|
|50-day moving average||USD$13.6294|
|200-day moving average||USD$12.2152|
|Wall St. target price||USD$15|
|Dividend yield||USD$0.415 (2.9%)|
|Earnings per share (TTM)||USD$0.729|
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Valuing Steelcase stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Steelcase's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Steelcase's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 19x. In other words, Steelcase shares trade at around 19x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Steelcase's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.35. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Steelcase's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Steelcase's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$215.3 million.
The EBITDA is a measure of a Steelcase's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.9 billion|
|Operating margin TTM||4.49%|
|Gross profit TTM||USD$1.2 billion|
|Return on assets TTM||3.27%|
|Return on equity TTM||9.15%|
|Market capitalisation||USD$1.6 billion|
TTM: trailing 12 months
There are currently 1.7 million Steelcase shares held short by investors – that's known as Steelcase's "short interest". This figure is 26.8% down from 2.4 million last month.
There are a few different ways that this level of interest in shorting Steelcase shares can be evaluated.
Steelcase's "short interest ratio" (SIR) is the quantity of Steelcase shares currently shorted divided by the average quantity of Steelcase shares traded daily (recently around 586861.95286195). Steelcase's SIR currently stands at 2.97. In other words for every 100,000 Steelcase shares traded daily on the market, roughly 2970 shares are currently held short.
However Steelcase's short interest can also be evaluated against the total number of Steelcase shares, or, against the total number of tradable Steelcase shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Steelcase's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Steelcase shares in existence, roughly 20 shares are currently held short) or 0.0226% of the tradable shares (for every 100,000 tradable Steelcase shares, roughly 23 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Steelcase.
Find out more about how you can short Steelcase stock.
Dividend payout ratio: 44.05% of net profits
Recently Steelcase has paid out, on average, around 44.05% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.79% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Steelcase shareholders could enjoy a 2.79% return on their shares, in the form of dividend payments. In Steelcase's case, that would currently equate to about $0.415 per share.
While Steelcase's payout ratio might seem fairly standard, it's worth remembering that Steelcase may be investing much of the rest of its net profits in future growth.
Steelcase's most recent dividend payout was on 11 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 24 December 2020 (the "ex-dividend date").
Steelcase's shares were split on a 1:5 basis on 11 August 2006. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Steelcase shares – just the quantity. However, indirectly, the new 400% higher share price could have impacted the market appetite for Steelcase shares which in turn could have impacted Steelcase's share price.
Over the last 12 months, Steelcase's shares have ranged in value from as little as $6.7801 up to $15.569. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Steelcase's is 1.5352. This would suggest that Steelcase's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools and screens. Its seating products comprise task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The company's interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, data-driven space measurement, lease origination, furniture `and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Smith System, AMQ, Turnstone, Orangebox, and Designtex brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.
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