NYSE:SXI

Stock Analysis Report

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Executive Summary

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. More Details


Snowflake Analysis

Good value average dividend payer.


Similar Companies

Share Price & News

How has Standex International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SXI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.9%

SXI

-6.6%

US Machinery

-5.3%

US Market


1 Year Return

-21.2%

SXI

4.2%

US Machinery

10.4%

US Market

Return vs Industry: SXI underperformed the US Machinery industry which returned 4.9% over the past year.

Return vs Market: SXI underperformed the US Market which returned 12% over the past year.


Shareholder returns

SXIIndustryMarket
7 Day-5.9%-6.6%-5.3%
30 Day3.4%1.7%-2.1%
90 Day14.4%9.4%1.7%
1 Year-20.0%-21.2%7.0%4.2%12.9%10.4%
3 Year-39.2%-41.2%17.9%9.4%34.3%25.4%
5 Year-29.6%-32.7%92.6%70.9%73.7%54.3%

Price Volatility Vs. Market

How volatile is Standex International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Standex International undervalued compared to its fair value and its price relative to the market?

39.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SXI ($61.24) is trading below our estimate of fair value ($101.91)

Significantly Below Fair Value: SXI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SXI is good value based on its PE Ratio (18.4x) compared to the US Machinery industry average (25.5x).

PE vs Market: SXI is poor value based on its PE Ratio (18.4x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: SXI is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: SXI is good value based on its PB Ratio (1.6x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

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

12.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SXI's forecast earnings growth (12.9% per year) is above the savings rate (2.2%).

Earnings vs Market: SXI's earnings (12.9% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: SXI's earnings are forecast to grow, but not significantly.

Revenue vs Market: SXI's revenue (2.9% per year) is forecast to grow slower than the US market (10% per year).

High Growth Revenue: SXI's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SXI's Return on Equity is forecast to be low in 3 years time (9.4%).


Next Steps

Past Performance

How has Standex International performed over the past 5 years?

-6.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SXI has high quality earnings.

Growing Profit Margin: SXI's current net profit margins (6.8%) are lower than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: SXI's earnings have declined by 6% per year over the past 5 years.

Accelerating Growth: SXI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SXI had negative earnings growth (-15%) over the past year, making it difficult to compare to the Machinery industry average (-15%).


Return on Equity

High ROE: SXI's Return on Equity (8.9%) is considered low.


Next Steps

Financial Health

How is Standex International's financial position?


Financial Position Analysis

Short Term Liabilities: SXI's short term assets ($332.0M) exceed its short term liabilities ($122.9M).

Long Term Liabilities: SXI's short term assets ($332.0M) do not cover its long term liabilities ($346.4M).


Debt to Equity History and Analysis

Debt Level: SXI's debt to equity ratio (44.6%) is considered high.

Reducing Debt: SXI's debt to equity ratio has increased from 29.2% to 44.6% over the past 5 years.

Debt Coverage: SXI's debt is well covered by operating cash flow (23%).

Interest Coverage: SXI's interest payments on its debt are well covered by EBIT (9x coverage).


Balance Sheet


Next Steps

Dividend

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

1.57%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SXI's dividend (1.57%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: SXI's dividend (1.57%) is low compared to the top 25% of dividend payers in the US market (4.78%).


Stability and Growth of Payments

Stable Dividend: SXI's dividends per share have been stable in the past 10 years.

Growing Dividend: SXI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.8%), SXI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SXI's dividends in 3 years are forecast to be well covered by earnings (20% payout ratio).


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

David Dunbar (58 yo)

6.75yrs

Tenure

US$4,004,685

Compensation

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 U ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD4.00M) is above average for companies of similar size in the US market ($USD2.96M).

Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
David Dunbar
Chairman6.75yrsUS$4.00m0.81%
$ 6.1m
Ademir Sarcevic
VP, CFO & Treasurer1.08yrsUS$2.00m0.12%
$ 927.7k
James Hooven
Vice President of Operations & Supply Chain0.58yrUS$539.41k0.044%
$ 336.6k
Alan Glass
VP, Chief Legal Officer & Secretary4.5yrsUS$923.72k0.10%
$ 776.6k
Paul Burns
Vice President of Strategy & Business Development5.25yrsUS$958.18k0.15%
$ 1.1m
Sean Valashinas
VP, Chief Accounting Officer & Assistant Treasurer13yrsno data0.054%
$ 406.9k
Annemarie Bell
Vice President of Human Resources2yrsUS$265.80k0.018%
$ 139.2k
John Meeks
President of Electronics Products Groupno datano datano data
Flavio Maschera
President of Engravingno datano datano data
Leonard Paolillo
President of Engineering Technologies Groupno datano datano data
Richard Hiltunen
President of Hydraulics Products Groupno datano datano data
Stacey Constas
Corporate Governance Officer & Assistant Secretaryno datano datano data

4.5yrs

Average Tenure

49yo

Average Age

Experienced Management: SXI's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Dunbar
Chairman6.75yrsUS$4.00m0.81%
$ 6.1m
Charles Cannon
Independent Director16yrsUS$193.22k0.22%
$ 1.7m
Thomas Hansen
Lead Independent Director4.25yrsUS$251.89k0.090%
$ 679.2k
Thomas Chorman
Independent Director16yrsUS$200.95k0.10%
$ 781.8k
Jeffrey Edwards
Independent Director6yrsUS$194.65k0.079%
$ 596.0k
Michael Hickey
Independent Director3yrsUS$217.67k0.041%
$ 310.6k
Barbara Edwards
Independent Director2yrsUS$186.50k0.033%
$ 252.4k

4.3yrs

Average Tenure

64yo

Average Age

Experienced Board: SXI's board of directors are considered experienced (4.3 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

Standex International Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Standex International Corporation
  • Ticker: SXI
  • Exchange: NYSE
  • Founded: 1955
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$758.206m
  • Shares outstanding: 12.38m
  • Website: https://www.standex.com

Number of Employees


Location

  • Standex International Corporation
  • 23 Keewaydin Drive
  • Suite 300
  • Salem
  • New Hampshire
  • 3079
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SXINYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
9SIDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The compa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 03:58
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.