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Standex International

NYSE:SXI
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SXI
NYSE
$862M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The last earnings update was 46 days ago. More info.


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SXI Share Price and Events
7 Day Returns
-1.4%
NYSE:SXI
0.3%
US Machinery
0.5%
US Market
1 Year Returns
-35.3%
NYSE:SXI
-2%
US Machinery
0.8%
US Market
SXI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Standex International (SXI) -1.4% -4.3% -8.7% -35.3% -20.7% -9.8%
US Machinery 0.3% -0% 0.5% -2% 42.5% 20.2%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • SXI underperformed the Machinery industry which returned -2% over the past year.
  • SXI underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
SXI
Industry
5yr Volatility vs Market

Value

 Is Standex International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Standex International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Standex International.

NYSE:SXI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:SXI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.063 (1 + (1- 21%) (33.91%))
1.233
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.233 * 5.96%)
10.08%

Discounted Cash Flow Calculation for NYSE:SXI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Standex International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:SXI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.08%)
2019 21.55 Analyst x2 19.58
2020 68.45 Analyst x2 56.49
2021 80.80 Analyst x1 60.58
2022 90.83 Est @ 12.41% 61.86
2023 99.46 Est @ 9.51% 61.54
2024 106.90 Est @ 7.47% 60.08
2025 113.36 Est @ 6.05% 57.88
2026 119.09 Est @ 5.05% 55.24
2027 124.28 Est @ 4.36% 52.37
2028 129.09 Est @ 3.87% 49.42
Present value of next 10 years cash flows $535.03
NYSE:SXI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $129.09 × (1 + 2.73%) ÷ (10.08% – 2.73%)
$1,804.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,804.61 ÷ (1 + 10.08%)10
$690.79
NYSE:SXI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $535.03 + $690.79
$1,225.83
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,225.83 / 12.65
$96.89
NYSE:SXI Discount to Share Price
Calculation Result
Value per share (USD) From above. $96.89
Current discount Discount to share price of $68.16
= -1 x ($68.16 - $96.89) / $96.89
29.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Standex International is available for.
Intrinsic value
30%
Share price is $68.16 vs Future cash flow value of $96.89
Current Discount Checks
For Standex International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Standex International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Standex International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Standex International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Standex International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:SXI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.01
NYSE:SXI Share Price ** NYSE (2019-06-14) in USD $68.16
United States of America Machinery Industry PE Ratio Median Figure of 99 Publicly-Listed Machinery Companies 20.41x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Standex International.

NYSE:SXI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SXI Share Price ÷ EPS (both in USD)

= 68.16 ÷ 4.01

17.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Standex International is good value based on earnings compared to the US Machinery industry average.
  • Standex International is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Standex International's expected growth come at a high price?
Raw Data
NYSE:SXI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
22.6%per year
United States of America Machinery Industry PEG Ratio Median Figure of 80 Publicly-Listed Machinery Companies 1.45x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:SXI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.02x ÷ 22.6%

0.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Standex International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Standex International's assets?
Raw Data
NYSE:SXI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $38.27
NYSE:SXI Share Price * NYSE (2019-06-14) in USD $68.16
United States of America Machinery Industry PB Ratio Median Figure of 127 Publicly-Listed Machinery Companies 2.23x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:SXI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SXI Share Price ÷ Book Value per Share (both in USD)

= 68.16 ÷ 38.27

1.78x

* Primary Listing of Standex International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Standex International is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess Standex International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Standex International has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Standex International expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Standex International expected to grow at an attractive rate?
  • Standex International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Standex International's earnings growth is expected to exceed the United States of America market average.
  • Standex International's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:SXI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:SXI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 22.6%
NYSE:SXI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.3%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:SXI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:SXI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 862 106 76 1
2020-06-30 830 97 63 4
2019-06-30 790 57 48 4
NYSE:SXI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 884 62 51
2018-12-31 882 59 55
2018-09-30 872 71 38
2018-06-30 868 65 37
2018-03-31 784 61 34
2017-12-31 777 68 30
2017-09-30 765 57 45
2017-06-30 755 63 47
2017-03-31 732 65 45
2016-12-31 725 71 48
2016-09-30 733 74 50
2016-06-30 752 80 52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Standex International's earnings are expected to grow significantly at over 20% yearly.
  • Standex International's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:SXI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Standex International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SXI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 6.02 6.02 6.02 1.00
2020-06-30 5.02 5.35 4.52 4.00
2019-06-30 3.76 3.90 3.57 4.00
NYSE:SXI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.01
2018-12-31 4.35
2018-09-30 3.01
2018-06-30 2.88
2018-03-31 2.69
2017-12-31 2.37
2017-09-30 3.55
2017-06-30 3.68
2017-03-31 3.51
2016-12-31 3.82
2016-09-30 3.98
2016-06-30 4.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Standex International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Standex International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Standex International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Standex International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Standex International's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Standex International's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Standex International's 1-year earnings growth exceeds its 5-year average (48.2% vs -5.3%)
  • Standex International's earnings growth has exceeded the US Machinery industry average in the past year (48.2% vs 28.5%).
Earnings and Revenue History
Standex International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Standex International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:SXI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 883.78 50.65 211.14
2018-12-31 882.16 55.17 210.30
2018-09-30 872.32 38.29 208.62
2018-06-30 868.38 36.63 206.42
2018-03-31 784.07 34.19 180.31
2017-12-31 776.64 30.02 179.92
2017-09-30 764.80 44.93 176.06
2017-06-30 755.26 46.58 174.06
2017-03-31 731.94 44.52 170.08
2016-12-31 724.69 48.43 167.70
2016-09-30 732.79 50.43 167.90
2016-06-30 751.59 52.23 170.22
2016-03-31 757.59 56.45 166.71
2015-12-31 761.12 57.64 164.66
2015-09-30 768.51 56.46 165.81
2015-06-30 772.14 55.24 165.84
2015-03-31 769.70 52.60 166.97
2014-12-31 762.86 53.10 168.29
2014-09-30 740.07 52.33 166.31
2014-06-30 716.18 49.75 161.89
2014-03-31 674.25 47.54 136.61
2013-12-31 666.06 43.94 131.02
2013-09-30 668.14 44.48 125.18
2013-06-30 673.39 44.05 153.63
2013-03-31 687.79 46.11 122.92
2012-12-31 672.48 47.96 125.31
2012-09-30 658.72 47.01 151.47
2012-06-30 610.59 45.90 121.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Standex International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Standex International used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • Standex International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Standex International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Standex International has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Standex International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Standex International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Standex International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Standex International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Standex International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Standex International Company Filings, last reported 2 months ago.

NYSE:SXI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 479.62 292.45 96.04
2018-12-31 452.83 315.12 118.17
2018-09-30 460.03 299.44 109.27
2018-06-30 450.80 193.77 109.60
2018-03-31 446.41 204.73 96.33
2017-12-31 420.93 216.17 109.39
2017-09-30 426.42 205.90 75.27
2017-06-30 408.66 192.16 88.57
2017-03-31 388.21 215.52 87.95
2016-12-31 378.70 124.58 121.30
2016-09-30 378.66 104.96 121.25
2016-06-30 369.96 93.15 121.99
2016-03-31 382.30 106.97 113.40
2015-12-31 366.09 109.46 104.21
2015-09-30 358.60 105.32 95.33
2015-06-30 348.57 101.75 96.13
2015-03-31 346.31 130.64 83.99
2014-12-31 346.41 126.50 82.57
2014-09-30 342.97 125.85 71.98
2014-06-30 340.73 46.12 74.26
2014-03-31 329.08 46.35 57.49
2013-12-31 314.31 47.55 48.06
2013-09-30 304.26 51.78 46.06
2013-06-30 290.99 51.95 51.06
2013-03-31 273.04 73.10 30.21
2012-12-31 265.83 64.50 33.13
2012-09-30 255.19 69.50 31.80
2012-06-30 242.91 52.73 54.75
  • Standex International's level of debt (61%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.1% vs 61% today).
  • Debt is well covered by operating cash flow (21.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.6x coverage).
X
Financial health checks
We assess Standex International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Standex International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Standex International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.17%
Current annual income from Standex International dividends. Estimated to be 1.17% next year.
If you bought $2,000 of Standex International shares you are expected to receive $23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Standex International's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Standex International's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:SXI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:SXI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.80 1.00
2020-06-30 0.80 1.00
2019-06-30 0.80 1.00
NYSE:SXI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-24 0.800 1.160
2018-10-25 0.800 1.060
2018-07-26 0.720 0.680
2018-04-25 0.720 0.713
2018-01-25 0.720 0.728
2017-10-26 0.720 0.702
2017-07-27 0.640 0.649
2017-04-25 0.640 0.706
2017-01-26 0.640 0.675
2016-10-27 0.640 0.733
2016-07-28 0.560 0.637
2016-01-29 0.560 0.712
2015-10-28 0.560 0.680
2015-07-29 0.480 0.627
2015-04-29 0.480 0.598
2015-01-30 0.480 0.623
2014-10-29 0.480 0.637
2014-07-30 0.400 0.547
2014-04-29 0.400 0.549
2014-01-31 0.400 0.720
2013-10-30 0.400 0.660
2013-07-31 0.320 0.546
2013-04-24 0.320 0.590
2013-01-30 0.320 0.590
2012-10-31 0.320 0.639
2012-07-25 0.280 0.631
2012-04-24 0.280 0.664
2012-01-25 0.280 0.696
2011-10-26 0.280 0.801
2011-07-27 0.240 0.765
2011-04-27 0.240 0.739
2011-01-26 0.240 0.687
2010-10-27 0.240 0.807
2010-07-28 0.200 0.788
2010-04-28 0.200 0.752
2010-01-26 0.200 0.773
2009-10-28 0.200 1.009
2009-07-29 0.200 1.144

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Standex International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7.2x coverage).
X
Income/ dividend checks
We assess Standex International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Standex International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Standex International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Standex International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Dunbar
COMPENSATION $3,428,368
AGE 56
TENURE AS CEO 5.4 years
CEO Bio

Mr. David A. Dunbar has been the Chief Executive Officer and President of Standex International Corporation since January 20, 2014. Mr. Dunbar served as the President of Valves & Controls Global Business Unit at Pentair plc from 2009 through 2013. He served as the President of Tyco Valves & Controls at Tyco Flow Control, Inc. since August 2012. He joined Tyco Flow Control in October 2009. Mr. Dunbar spent 12 years at Emerson Electric, where he held many position including President of Europe for Emerson Process Management; Machinery Health Management and Emerson Climate Technologies Refrigeration. Prior to joining Emerson, he served as Vice President of marketing for Fisher Controls and spent 10 years at Honeywell working in the Industrial Automation and Controls business unit. He has been the Chairman at Standex International Corporation since October 27, 2016 and has been its Director since January 20, 2014. He has been Director of Watts Water Technologies, Inc. since February 8, 2017. Mr. Dunbar holds a Bachelor's degree and a Master's of Science degree in Electrical Engineering from Stanford University.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Standex International management team in years:

5.4
Average Tenure
54
Average Age
  • The average tenure for the Standex International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Dunbar

TITLE
Chairman
COMPENSATION
$3M
AGE
56
TENURE
5.4 yrs

Tom DeByle

TITLE
VP, CFO & Treasurer
COMPENSATION
$1M
AGE
58
TENURE
11.3 yrs

Alan Glass

TITLE
VP, Chief Legal Officer & Secretary
COMPENSATION
$888K
AGE
54
TENURE
3.2 yrs

Paul Burns

TITLE
Vice President of Strategy & Business Development
COMPENSATION
$955K
AGE
45
TENURE
3.9 yrs

Sean Valashinas

TITLE
Chief Accounting Officer & Assistant Treasurer
AGE
47
TENURE
11.7 yrs

John Meeks

TITLE
President of Electronics Products Group

Flavio Maschera

TITLE
President of Engraving

Len Paolillo

TITLE
President of Engineering Technologies Group

Rick Hiltunen

TITLE
President of Hydraulics Products Group

Stacey Constas

TITLE
Corporate Governance Officer & Assistant Secretary
Board of Directors Tenure

Average tenure and age of the Standex International board of directors in years:

3.8
Average Tenure
63
Average Age
  • The tenure for the Standex International board of directors is about average.
Board of Directors

David Dunbar

TITLE
Chairman
COMPENSATION
$3M
AGE
56
TENURE
2.7 yrs

Thomas Chorman

TITLE
Independent Director
COMPENSATION
$183K
AGE
64
TENURE
14.7 yrs

Tom Hansen

TITLE
Lead Independent Director
COMPENSATION
$221K
AGE
69
TENURE
2.9 yrs

Jeff Edwards

TITLE
Independent Director
COMPENSATION
$171K
AGE
56
TENURE
4.7 yrs

Daniel Hogan

TITLE
Independent Director
COMPENSATION
$184K
AGE
75
TENURE
36.4 yrs

Charlie Cannon

TITLE
Independent Director
COMPENSATION
$178K
AGE
66
TENURE
14.7 yrs

Mike Hickey

TITLE
Independent Director
COMPENSATION
$146K
AGE
57
TENURE
1.7 yrs

Barbara Edwards

TITLE
Director
AGE
62
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Sep 18 Sell Thomas DeByle Individual 10. Sep 18 10. Sep 18 -2,000 $110.10 $-220,200
X
Management checks
We assess Standex International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Standex International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Standex International Corporation's (NYSE:SXI) CEO Being Overpaid?

View our latest analysis for Standex International How Does David Dunbar's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Standex International Corporation has a market cap of US$878m, and is paying total annual CEO compensation of US$3.4m. … Since shareholders would have lost about 19% over three years, some Standex International Corporation shareholders would surely be feeling negative emotions.

Simply Wall St -

Is Standex International Corporation (NYSE:SXI) Investing Effectively In Its Business?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Standex International: 0.11 = US$94m ÷ (US$1.0b - US$130m) (Based on the trailing twelve months to March 2019.) So, Standex International has an ROCE of 11%. … Standex International's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Want To Invest In Standex International Corporation (NYSE:SXI)? Here's How It Performed Lately

After looking at Standex International Corporation's (NYSE:SXI) latest earnings announcement (31 March 2019), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Standex International Did SXI's recent earnings growth beat the long-term trend and the industry? … You should continue to research Standex International to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SXI’s future growth?

Simply Wall St -

Standex International Corporation (NYSE:SXI): Time For A Financial Health Check

Additionally, SXI has produced US$62m in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 21%, signalling that SXI’s debt is appropriately covered by operating cash. … Looking at SXI’s US$130m in current liabilities, it appears that the company has been able to meet these commitments with a current assets level of US$453m, leading to a 3.49x current account ratio. … The current ratio is calculated by dividing current assets by current liabilities.

Simply Wall St -

What To Know Before Buying Standex International Corporation (NYSE:SXI) For Its Dividend

Is Standex International Corporation (NYSE:SXI) a good dividend stock? … While Standex International's 1.1% dividend yield is not the highest, we think its lengthy payment history is quite interesting. … For the purpose of this article, we only scrutinise the last decade of Standex International's dividend payments.

Simply Wall St -

Is Standex International Corporation's (NYSE:SXI) ROE Of 11% Impressive?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Standex International has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is It Time To Consider Buying Standex International Corporation (NYSE:SXI)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $82.56 at one point, and dropping to the lows of $70.16. … A question to answer is whether Standex International's current trading price of $74.9 reflective of the actual value of the? … Let’s take a look at Standex International’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

How Many Insiders Sold Standex International Corporation (NYSE:SXI) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Standex International Corporation (NYSE:SXI). … Standex International Insider Transactions Over The Last Year. … In total, Standex International insiders sold more than they bought over the last year.

Simply Wall St -

Standex International (NYSE:SXI) Shareholders Have Enjoyed A 40% Share Price Gain

Unfortunately for shareholders, while the Standex International Corporation (NYSE:SXI) share price is up 40% in the last five years, that's less than the market return. … During five years of share price growth, Standex International achieved compound earnings per share (EPS) growth of 4.5% per year. … This EPS growth is slower than the share price growth of 6.9% per year, over the same period.

Simply Wall St -

Our Take On Standex International Corporation's (NYSE:SXI) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does David Dunbar's Compensation Compare With Similar Sized Companies. … According to our data, Standex International Corporation has a market capitalization of US$963m, and pays its CEO total annual compensation worth US$3.4m.

Simply Wall St -

Company Info

Description

Standex International Corporation manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The Food Service Equipment segment offers refrigerated cabinets, cases, display units, walk-in coolers, and freezers; commercial ovens, char broilers, ranges, griddles, toasters, warmers, roller grills, and countertop merchandisers; commercial cook and hold units, rotisseries, pressure fryers, and baking equipment; commercial deep fryers; merchandizing display cases; pump systems; and cold storage equipment. Its Engraving segment provides mold texturizing products and slush molding tools; and roll engraving, hygiene product tooling, low observation vents for stealth aircraft, and process machineries, as well as project management and design, and chemical and laser texturing services to original equipment manufacturers, product designers, tier one suppliers, and toolmakers. The company’s Engineering Technologies segment offers customized solutions used in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. Its Electronics segment offers reed relays, fluid level, proximity, motion, flow, HVAC condensate, hydraulic pressure differential, and custom electronics sensors; and current sense and advanced planar transformer technologies, value added assemblies, and mechanical packaging, as well as custom wound transformers and inductors for low and high frequency applications. The company’s Hydraulics segment offers telescopic and piston rod hydraulic cylinders, and pneumatic cylinders for use in construction equipment, refuse, airline support, mining, oil and gas, and other material handling applications. Standex International Corporation was founded in 1955 and is headquartered in Salem, New Hampshire.

Details
Name: Standex International Corporation
SXI
Exchange: NYSE
Founded: 1955
$862,299,044
12,651,101
Website: http://www.standex.com
Address: Standex International Corporation
11 Keewaydin Drive,
Suite 300,
Salem,
New Hampshire, 03079,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SXI Common Stock New York Stock Exchange US USD 02. Jan 1968
DB 9SI Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
5,600
Standex International employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 23:46
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.