SCX

L.S. StarrettNYSE:SCX Stock Report

Market Cap

US$93.6m

7D

7.7%

1Y

310.0%

Updated

16 Sep, 2021

Data

Company Financials
SCX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends0/6

SCX Overview

The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexico, Brazil, China, the United Kingdom, Australia, and New Zealand.

Share Price & News

How has L.S. Starrett's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SCX is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: SCX's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

7.7%

SCX

-1.1%

US Machinery

-0.6%

US Market


1 Year Return

310.0%

SCX

31.5%

US Machinery

33.6%

US Market

Return vs Industry: SCX exceeded the US Machinery industry which returned 32.8% over the past year.

Return vs Market: SCX exceeded the US Market which returned 33.7% over the past year.


Shareholder returns

SCXIndustryMarket
7 Day7.7%-1.1%-0.6%
30 Day81.2%-2.7%1.3%
90 Day46.2%3.1%5.3%
1 Year310.0%310.0%34.3%31.5%35.6%33.6%
3 Year112.4%112.4%47.4%38.7%60.9%51.0%
5 Year38.4%30.9%126.1%102.9%123.4%99.1%

Long-Term Price Volatility Vs. Market

How volatile is L.S. Starrett's share price compared to the market and industry in the last 5 years?


Simply Wall St News

L.S. Starrett Fundamentals Summary

How do L.S. Starrett's earnings and revenue compare to its market cap?
SCX fundamental statistics
Market CapUS$93.57m
Earnings (TTM)US$15.53m
Revenue (TTM)US$219.64m

6.0x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCX income statement (TTM)
RevenueUS$219.64m
Cost of RevenueUS$146.30m
Gross ProfitUS$73.34m
ExpensesUS$57.81m
EarningsUS$15.53m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.20
Gross Margin33.39%
Net Profit Margin7.07%
Debt/Equity Ratio26.3%

How did SCX perform over the long term?

See historical performance and comparison

Valuation

Is L.S. Starrett undervalued compared to its fair value and its price relative to the market?

6.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SCX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SCX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SCX is good value based on its PE Ratio (6x) compared to the US Machinery industry average (29.7x).

PE vs Market: SCX is good value based on its PE Ratio (6x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SCX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SCX is good value based on its PB Ratio (1.1x) compared to the US Machinery industry average (2.8x).


Future Growth

How is L.S. Starrett forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.9%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as L.S. Starrett has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has L.S. Starrett performed over the past 5 years?

12.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCX has a high level of non-cash earnings.

Growing Profit Margin: SCX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SCX has become profitable over the past 5 years, growing earnings by 12.9% per year.

Accelerating Growth: SCX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SCX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (22.1%).


Return on Equity

High ROE: SCX's Return on Equity (18.6%) is considered low.


Financial Health

How is L.S. Starrett's financial position?


Financial Position Analysis

Short Term Liabilities: SCX's short term assets ($119.2M) exceed its short term liabilities ($51.7M).

Long Term Liabilities: SCX's short term assets ($119.2M) exceed its long term liabilities ($49.3M).


Debt to Equity History and Analysis

Debt Level: SCX's debt to equity ratio (26.3%) is considered satisfactory.

Reducing Debt: SCX's debt to equity ratio has increased from 18.9% to 26.3% over the past 5 years.

Debt Coverage: SCX's debt is well covered by operating cash flow (20.8%).

Interest Coverage: SCX's interest payments on its debt are well covered by EBIT (25.2x coverage).


Balance Sheet


Dividend

What is L.S. Starrett current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SCX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SCX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SCX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SCX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SCX is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SCX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Douglas Starrett (69 yo)

20yrs

Tenure

US$669,096

Compensation

Mr. Douglas A. Starrett has been the Chief Executive Officer at The L.S. Starrett Company since September 9, 2001, President since 1995 and serves as its Chairman of the board. Mr. Starrett has been a Dire...


CEO Compensation Analysis

Compensation vs Market: Douglas's total compensation ($USD669.10K) is about average for companies of similar size in the US market ($USD548.10K).

Compensation vs Earnings: Douglas's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SCX's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: SCX's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The L.S. Starrett Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The L.S. Starrett Company
  • Ticker: SCX
  • Exchange: NYSE
  • Founded: 1880
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$93.565m
  • Shares outstanding: 7.11m
  • Website: https://www.starrett.com

Number of Employees


Location

  • The L.S. Starrett Company
  • 121 Crescent Street
  • Athol
  • Massachusetts
  • 01331-1915
  • United States

Listings


Biography

The L.S. Starrett Company, together with its subsidiaries, manufactures and sells industrial, professional, and consumer measuring and cutting tools, and related products in the United States, Canada, Mexi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:49
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.