Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

How to buy Steelcase stock | 12.16

Own Steelcase stock in just a few minutes.

Posted

Fact checked

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$3.2 billion.

How to buy shares in Steelcase

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Steelcase. Find the stock by name or ticker symbol: SCS. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Steelcase reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$12.16, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Steelcase, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Steelcase. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Steelcase's share price?

Since the stock market crash in March caused by coronavirus, Steelcase's share price has had significant negative movement.

Its last market close was USD$12.16, which is 35.35% down on its pre-crash value of USD$18.81 and 73.22% up on the lowest point reached during the March crash when the shares fell as low as USD$7.02.

If you had bought USD$1,000 worth of Steelcase shares at the start of February 2020, those shares would have been worth USD$504.50 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$648.49.

Steelcase share price

Use our graph to track the performance of SCS stocks over time.

Steelcase shares at a glance

Information last updated 2020-10-21.
Latest market closeUSD$12.16
52-week rangeUSD$7.02 - USD$23.02
50-day moving average USD$10.8546
200-day moving average USD$10.9501
Wall St. target priceUSD$12
PE ratio 10.4828
Dividend yield USD$0.4 (3.37%)
Earnings per share (TTM) USD$1.16

Compare trading platforms

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee
Vanguard
$0
Stocks, Mutual funds, ETFs, Forex
$1
$20 per year
Get a personal advisor when you open an account with at least $50,000.
Robinhood
$0
Stocks, Options, ETFs, Cryptocurrency
$0
0%
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, Index funds, ETFs, Futures, Cash
$0 + $0.65/contract, $1 minimum
0%
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
Sofi Invest
$0
Stocks
N/A
0%
A free way to invest in stocks, ETFs and crypto.
TD Ameritrade
$0
or $25 broker-assisted
Stocks
$0 + $0.65/contract,
or $25 broker-assisted
TD Ameritrade features $0 commission for online stock, but watch out for high short-term ETF and broker-assisted trading fees.
Tastyworks
$0
Stocks, Options, ETFs, Futures
Stocks & ETFs: $1/contract to open, $0 to close, $10 max/leg
Futures: $2.50/contract to open, $0 to close
0%
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
loading

Compare up to 4 providers

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Steelcase stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Steelcase price performance over time

Historical closes compared with the close of $12.16 from 2020-10-16

1 week (2020-10-19) 2.44%
1 month (2020-09-25) 25.23%
3 months (2020-07-24) 8.86%
6 months (2020-04-24) 27.20%
1 year (2019-10-25) -30.99%
2 years (2018-10-26) -25.49%
3 years (2017-10-26) -17.84%
5 years (2015-10-26) -38.27%

Is Steelcase under- or over-valued?

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 P/E ratio

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 10x. In other words, Steelcase shares trade at around 10x 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 PEG ratio

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

Steelcase's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$280.5 million.

The EBITDA is a measure of a Steelcase's overall financial performance and is widely used to measure a its profitability.

Steelcase financials

Revenue TTM USD$3.2 billion
Operating margin TTM 6.03%
Gross profit TTM USD$1.2 billion
Return on assets TTM 4.99%
Return on equity TTM 15.11%
Profit margin 4.33%
Book value $8.062
Market capitalisation USD$1.4 billion

TTM: trailing 12 months

Shorting Steelcase shares

There are currently 2.2 million Steelcase shares held short by investors – that's known as Steelcase's "short interest". This figure is 22.3% down from 2.8 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)

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 1.6 million). Steelcase's SIR currently stands at 1.38. In other words for every 100,000 Steelcase shares traded daily on the market, roughly 1380 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 0.0283% of the tradable shares (for every 100,000 tradable Steelcase shares, roughly 28 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.

Steelcase share dividends

12%

Dividend payout ratio: 12.22% of net profits

Recently Steelcase has paid out, on average, around 12.22% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.37% 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 3.37% return on their shares, in the form of dividend payments. In Steelcase's case, that would currently equate to about $0.4 per share.

While Steelcase's payout ratio might seem low, this can signify that Steelcase is investing more in its future growth.

Steelcase's most recent dividend payout was on 15 October 2020. The latest dividend was paid out to all shareholders who bought their shares by 1 October 2020 (the "ex-dividend date").

Have Steelcase's shares ever split?

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.

Steelcase share price volatility

Over the last 12 months, Steelcase's shares have ranged in value from as little as $7.02 up to $23.02. A popular way to gauge a stock's volatility is its "beta".

SCS.US volatility(beta: 1.58)Avg. volatility(beta: 1.00)LowHigh

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 1.5769. 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 overview

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.

Frequently asked questions

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site