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The L.S. Starrett CompanyNYSE:SCX Aktienübersicht

Marktkapitalisierung US$118.7m
Aktienkurs
n/a
US$15.9
k. A.intrinsischer Abschlag
1Y52.4%
7D0.1%
1D
Wert des Portfolios
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Siehe

The L.S. Starrett Company

NYSE:SCX Lagerbericht

Marktkapitalisierung: US$118.7m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

L.S. Starrett (SCX) Aktienübersicht

Die L.S. Starrett Company und ihre Tochtergesellschaften produzieren und vertreiben in Nordamerika, Brasilien und China Mess- und Schneidewerkzeuge für die Industrie, den professionellen Gebrauch und den Endverbraucher sowie verwandte Produkte. Mehr Details

SCX grundlegende Analyse
Schneeflocken-Punktzahl
Bewertung2/6
Künftiges Wachstum0/6
Vergangene Leistung2/6
Finanzielle Gesundheit6/6
Dividenden0/6

Belohnungen

Das Kurs-Gewinn-Verhältnis (9.7x) liegt unter dem US Markt (18.6x)

Risikoanalyse

Sehr volatiler Aktienkurs in den letzten 3 Monaten im Vergleich zum US -Markt


SCX Community Fair Values

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The L.S. Starrett Company Wettbewerber

Preisentwicklung & Leistung

Zusammenfassung der Höchst- und Tiefststände sowie der Veränderungen der Aktienkurse für L.S. Starrett
Historische Aktienkurse
Aktueller AktienkursUS$16.18
52-Wochen-HochUS$16.19
52-Wochen-TiefUS$8.55
Beta0.48
1 Monat Veränderung1.06%
3 Monate Veränderung64.26%
1 Jahr Veränderung52.35%
3 Jahre Veränderung74.92%
5 Jahre Veränderung113.46%
Veränderung seit IPO71.44%

Aktuelle Nachrichten und Updates

Analyseartikel • Jan 27

Is L.S. Starrett (NYSE:SCX) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Recent updates

Analyseartikel • Jan 27

Is L.S. Starrett (NYSE:SCX) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analyseartikel • Sep 16

L.S. Starrett (NYSE:SCX) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analyseartikel • May 27

The Return Trends At L.S. Starrett (NYSE:SCX) Look Promising

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Seeking Alpha • May 25

L.S. Starrett Company: Cheap But Declining Order Rate Is A Concern

Summary Order rate has been declining over the last few quarters, which should impact top-line growth in the coming quarters. Volume deleverage should impact margins. Despite cheap valuations, I have a neutral rating on the stock. Read the full article on Seeking Alpha
Seeking Alpha • Feb 03

L.S. Starrett: Lean Business, Pension Plan Issues Seem Resolved

Summary The company weathered the effects of the COVID-19 pandemic well and is currently trading at just 4.5x price /TTM earnings and 0.63x price/BV. In addition, rising interest rates have significantly diminished its pension plan funding issues. I think that the valuation of L.S. Starrett could improve to about 0.8 price/BV over the coming months and I rate the stock as a speculative buy. Introduction I like to write about companies that lack coverage on SA and today I'm taking a look at The L.S. Starrett Company (SCX). It's a precision tools maker that has been around for over a century and I think it looks undervalued at the moment as FY23 is off to a good start and TTM net income stands at $13.7 million. The gross margin improved by 70 basis points year on year to 33.4% in Q1 FY23 as it seems the company is successfully passing on increased costs to customers. In addition, the lingering pension plan funding issues seem much smaller than they used to be. Let’s review. Overview of the business and financials The L.S. Starrett Company was founded 1880 in a small town in Massachusetts named Athol by Laroy Starrett, who invented and patented the first combination square two years before that. The company was set up to manufacture this product and today it has a portfolio of over 5,000 precision tools, cutting equipment, and metrology systems products for the metalworking, automotive, aviation, marine, and farm industries and the do-it-yourselfers (DIY) sector. It’s also the largest manufacturer of saw blades in the world. L.S. Starrett is still based in Athol and it has a total of 9 manufacturing facilities across the USA, Brazil, China, and Scotland. The largest of those is in Athol and about half of the company’s sales come from outside the USA. L.S. Starrett Looking at the financial results for the past decade, L.S. Starrett started struggling with sales growth and low margins in the middle of the past decade due to recessions and stagnation across some of its main markets such as Brazil and the EU. The company responded by reducing its headcount and implementing saw plant consolidation and these measures helped it return to growth in FY18. In my view, this restructuring of the business positioned the company well to weather the effects of the COVID-19 pandemic as FY22 sales were the second highest in its history, just shy of the $260.1 million achieved in FY12. Yet, the cost structure was much better this time around thanks to optimized SG&A costs and net income came in at $14.9 million compared to just $0.9 million in FY12. Seeking Alpha The company has been implementing price increases over the past several months to counter pressure from inflation and supply chain disruptions and this allowed it to boost its gross margin to 33.4% in Q1 FY23. Net sales and net income were negatively impacted by foreign exchange losses as the U.S. dollar strengthened against the currencies of Brazil, the UK, and New Zealand, but the effects should be reversed in Q4 2022. I expect net income for the last quarter of the calendar year to be above $3 million once again. L.S. Starrett L.S. Starrett However, I find it concerning that L.S. Starrett complained about softened order intake in its foreign markets, particularly in Europe as a result of recession fears and the effects from the war in Ukraine. In my view, the impact should be limited considering that the major market of the company outside the USA is Brazil. L.S. Starrett On that note, it’s still unclear what direction the Brazilian economy will take with the election of Lula as president. During his previous stint ahead of the country, average annual GDP growth was 4.5% but there were headwinds for the economy from strong global demand commodities. I’d be surprised if GDP growth in 2023 surpasses 1% and it’s possible that some of his policies are already negatively affecting the sales of L.S. Starrett in the country. For example, Lula’s plans to reverse Amazon deforestation could be already putting pressure on local saw blade demand. Turning our attention to the cash flow picture, I don’t like the lack of free cash flow, but the situation should improve in the coming quarters. In Q1 FY23, L.S. Starrett increased inventories by $5 million due to global supply chain issues. They should decline over the coming months. L.S. Starrett In my view, the balance sheet looks strong as net debt stood at just $17.5 million as of September 2022. In addition, L.S. Starrett is trading at only 0.63 price/BV as of the time of writing. This is close to the levels from 2012 when profitability was an issue. L.S. Starrett In April 2022, fellow SA contributor Tomas Andrade Campanini pointed out that the company had underfunded pension obligations which require about $8 million in yearly funding. However, the situation looks better today thanks to rising interest rates around the world and L.S. Starrett revealed in its Q1 FY23 financial report that its two pension plans are expected to require contributions of just $2.2 million in FY23 (see page 13 here). Overall, I think that L.S. Starrett is in good shape from a financial standpoint and that its FY23 financial results should benefit from rising interest rates and a weakening US dollar. In my view, the company should be trading at somewhere around 0.8 P/BV to reflect the improved financial performance and diminished pension plan funding issues.
Analyseartikel • Nov 05

Here's Why L.S. Starrett (NYSE:SCX) Can Manage Its Debt Responsibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analyseartikel • May 11

These 4 Measures Indicate That L.S. Starrett (NYSE:SCX) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Apr 12

The Starrett Company Is Selling At A Discount Because Of Its Underfunded Pension Plan

SCX manufactures a gigantic array of tools that are sold to several industries and to consumers. The company does not suffer from ultra low margins but does not have a tremendous moat either. Although the company has suffered from volatile revenues, it has consistently increased gross margins and decreased operating expenses. With conservative financing, the company does not seem risky in terms of leverage. However, its underfunded pension obligations require an unaccounted cash expenditure of $8 million per year.
Analyseartikel • Jan 18

Is L.S. Starrett (NYSE:SCX) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analyseartikel • Nov 02

There's Been No Shortage Of Growth Recently For L.S. Starrett's (NYSE:SCX) Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
Analyseartikel • Oct 07

Why We Think The L.S. Starrett Company's (NYSE:SCX) CEO Compensation Is Not Excessive At All

The L.S. Starrett Company ( NYSE:SCX ) has exhibited strong share price growth in the past few years. However, its...
Seeking Alpha • Sep 08

L.S. Starrett Doubled As Predicted And May Double Again

L.S. Starrett is a microcap tool manufacturer that has rallied on strong and accelerating earnings over the past four quarters. Yet it still trades at a PE ratio of about 6. Earnings growth is being driven by a large permanent cost reduction, a much lower pension obligation, and revenue growth. Despite being solidly profitable and with an improved balance sheet, the stock trades at tangible book value and for 36% of revenues.
Analyseartikel • Sep 03

Is L.S. Starrett (NYSE:SCX) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analyseartikel • Feb 18

Health Check: How Prudently Does L.S. Starrett (NYSE:SCX) Use Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analyseartikel • Dec 10

Thomas Riordan Is The Lead Independent Director of The L.S. Starrett Company (NYSE:SCX) And They Just Picked Up 45% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the The L.S. Starrett Company ( NYSE:SCX ) Lead...
Analyseartikel • Nov 20

Is L.S. Starrett (NYSE:SCX) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Aktionärsrenditen

SCXUS MachineryUS Markt
7D0.1%-0.8%1.0%
1Y52.4%41.0%28.7%

Rendite im Vergleich zur Industrie: SCX übertraf die Branche US Machinery , die im vergangenen Jahr eine Rendite von 38.7 erzielte.

Rendite vs. Markt: SCX übertraf den Markt US, der im vergangenen Jahr eine Rendite von 27.1 erzielte.

Preisvolatilität

Is SCX's price volatile compared to industry and market?
SCX volatility
SCX Average Weekly Movement16.7%
Machinery Industry Average Movement6.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

Stabiler Aktienkurs: Der Aktienkurs von SCX war in den letzten 3 Monaten im Vergleich zum US -Markt volatil.

Volatilität im Zeitverlauf: SCXDie wöchentliche Volatilität der Aktie ist im vergangenen Jahr von 11% auf 17% gestiegen.

Über das Unternehmen

GegründetMitarbeiterCEOWebsite
18801,529Douglas Starrettwww.starrett.com

Die L.S. Starrett Company und ihre Tochtergesellschaften produzieren und vertreiben in Nordamerika, Brasilien und China Mess- und Schneidewerkzeuge für die Industrie, den professionellen Einsatz und den Endverbraucher sowie verwandte Produkte. Zu den Produkten des Unternehmens gehören Präzisionswerkzeuge, elektronische Messgeräte, Endmaße, optische Bildverarbeitungs- und Lasermessgeräte, kundenspezifische Granitlösungen, Maßbänder, Wasserwaagen, Kreideprodukte, Winkel, Bandsägeblätter, Lochsägen, Bügelsägeblätter, Stichsägeblätter und Säbelsägeblätter sowie M1-Schmiermittel und präzisionsgeschliffene Flachmaterialprodukte. Darüber hinaus bietet das Unternehmen Messwerkzeuge wie Mikrometer, Messschieber, Höhenverteiler, Tiefenmessgeräte, elektronische Messgeräte, Messuhren, Stahlmaßstäbe, Kombinationswinkel sowie kundenspezifische und berührungslose Messgeräte wie Sicht-, optische und Messsysteme.

The L.S. Starrett Company's Grundlagenzusammenfassung

Wie verhalten sich die Erträge und Einnahmen von L.S. Starrett im Vergleich zum Marktanteil des Unternehmens?
SCX grundlegende Statistiken
MarktanteilUS$118.69m
Gewinn(TTM)US$12.59m
Umsatz(TTM)US$250.75m
9.7x
Kurs-Gewinn-Verhältnis
0.5x
Kurs-Umsatz-Verhältnis

Ist SCX zu teuer?

Siehe Fair Value und Bewertungsanalyse

Erträge & Einnahmen

Wichtige Rentabilitätsstatistiken aus dem letzten Ergebnisbericht (TTM)
SCX Gewinn- und Verlustrechnung (TTM)
EinnahmenUS$250.75m
Kosten der EinnahmenUS$173.18m
BruttogewinnUS$77.57m
Sonstige AusgabenUS$64.98m
GewinnUS$12.59m

Zuletzt gemeldete Gewinne

Mar 31, 2024

Datum des nächsten Gewinnberichts

k.A.

Gewinn per Aktie (EPS)1.68
Bruttomarge30.94%
Nettogewinnspanne5.02%
Schulden/Eigenkapital-Verhältnis6.2%

Wie hat sich SCX auf lange Sicht entwickelt?

Historische Performance und Vergleiche

Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2024/05/23 01:58
Aktienkurs zum Tagesende2024/05/23 00:00
Gewinne2024/03/31
Jährliche Einnahmen2023/06/30

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Einzelheiten zu dem Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite. Außerdem bieten wir Leitfäden zur Verwendung unserer Berichte und Tutorials auf YouTube an.

Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

Metriken für Industrie und Sektor

Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.

Analysten-Quellen

The L.S. Starrett Company wird von 0 Analysten beobachtet. 0 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.