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SIFCO Industries

AMEX:SIF
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIF
AMEX
$16M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

SIFCO Industries, Inc. produces and sells forgings and machined components primarily for the aerospace and energy markets in the United States and Europe. The last earnings update was 44 days ago. More info.


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SIF Share Price and Events
7 Day Returns
-5.7%
AMEX:SIF
3.3%
US Aerospace & Defense
2.2%
US Market
1 Year Returns
-47.6%
AMEX:SIF
6.6%
US Aerospace & Defense
3.8%
US Market
SIF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SIFCO Industries (SIF) -5.7% -2.8% -1.1% -47.6% -69.6% -91.3%
US Aerospace & Defense 3.3% 4.2% 11% 6.6% 47.2% 65.8%
US Market 2.2% 4.2% 4.4% 3.8% 43% 40.9%
1 Year Return vs Industry and Market
  • SIF underperformed the Aerospace & Defense industry which returned 6.6% over the past year.
  • SIF underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
SIF
Industry
5yr Volatility vs Market

Value

 Is SIFCO Industries 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 SIFCO Industries 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 SIFCO Industries.

AMEX:SIF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.6%
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 AMEX:SIF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.88 (1 + (1- 21%) (159.18%))
1.661
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.66
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.661 * 5.96%)
12.63%

Discounted Cash Flow Calculation for AMEX:SIF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SIFCO Industries 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.

AMEX:SIF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.63%)
2019 1.48 Est @ -6.43% 1.32
2020 1.43 Est @ -3.68% 1.13
2021 1.40 Est @ -1.76% 0.98
2022 1.40 Est @ -0.41% 0.87
2023 1.41 Est @ 0.53% 0.78
2024 1.42 Est @ 1.19% 0.70
2025 1.45 Est @ 1.65% 0.63
2026 1.48 Est @ 1.98% 0.57
2027 1.51 Est @ 2.2% 0.52
2028 1.54 Est @ 2.36% 0.47
Present value of next 10 years cash flows $7.96
AMEX:SIF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1.54 × (1 + 2.73%) ÷ (12.63% – 2.73%)
$16.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $16.02 ÷ (1 + 12.63%)10
$4.88
AMEX:SIF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7.96 + $4.88
$12.84
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $12.84 / 5.77
$2.22
AMEX:SIF Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.22
Current discount Discount to share price of $2.85
= -1 x ($2.85 - $2.22) / $2.22
-28.4%

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

  • The current share price of SIFCO Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 SIFCO Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SIFCO Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:SIF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.22
AMEX:SIF Share Price ** AMEX (2019-06-20) in USD $2.85
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 38 Publicly-Listed Aerospace & Defense Companies 23.05x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.87x

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

** Primary Listing of SIFCO Industries.

AMEX:SIF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:SIF Share Price ÷ EPS (both in USD)

= 2.85 ÷ -1.22

-2.34x

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

  • SIFCO Industries is loss making, we can't compare its value to the US Aerospace & Defense industry average.
  • SIFCO Industries is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does SIFCO Industries's expected growth come at a high price?
Raw Data
AMEX:SIF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 33 Publicly-Listed Aerospace & Defense Companies 1.99x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for SIFCO Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SIFCO Industries's assets?
Raw Data
AMEX:SIF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $7.84
AMEX:SIF Share Price * AMEX (2019-06-20) in USD $2.85
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 55 Publicly-Listed Aerospace & Defense Companies 2.66x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.81x
AMEX:SIF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:SIF Share Price ÷ Book Value per Share (both in USD)

= 2.85 ÷ 7.84

0.36x

* Primary Listing of SIFCO Industries.

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

  • SIFCO Industries is good value based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess SIFCO Industries'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. SIFCO Industries has a total score of 1/6, 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 SIFCO Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 SIFCO Industries 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
10.6%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SIFCO Industries expected to grow at an attractive rate?
  • Unable to compare SIFCO Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare SIFCO Industries's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare SIFCO Industries's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:SIF Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
AMEX:SIF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:SIF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30
2019-09-30
AMEX:SIF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 116 5 -7
2018-12-31 116 1 -8
2018-09-30 111 1 -7
2018-06-30 109 5 -8
2018-03-31 111 8 -13
2017-12-31 114 13 -13
2017-09-30 121 12 -14
2017-06-30 125 9 -18
2017-03-31 126 6 -13
2016-12-31 123 3 -11
2016-09-30 119 12 -11
2016-06-30 123 13 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if SIFCO Industries is high growth as no earnings estimate data is available.
  • Unable to determine if SIFCO Industries is high growth as no revenue estimate data is available.
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
AMEX:SIF 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 0 Analyst Estimates (S&P Global) See Below

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

AMEX:SIF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30
2019-09-30
AMEX:SIF Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.22
2018-12-31 -1.36
2018-09-30 -1.30
2018-06-30 -1.49
2018-03-31 -2.34
2017-12-31 -2.28
2017-09-30 -2.59
2017-06-30 -3.25
2017-03-31 -2.32
2016-12-31 -2.07
2016-09-30 -2.07
2016-06-30 -0.79

*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.
  • Unable to establish if SIFCO Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine SIFCO Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. SIFCO Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. SIFCO Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess SIFCO Industries'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.
SIFCO Industries has a total score of 0/6, 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 SIFCO Industries 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 SIFCO Industries's growth in the last year to its industry (Aerospace & Defense).
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.
  • SIFCO Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare SIFCO Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare SIFCO Industries's 1-year growth to the US Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
SIFCO Industries'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 SIFCO Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:SIF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 115.63 -6.76 15.18
2018-12-31 116.03 -7.54 15.26
2018-09-30 111.21 -7.17 15.22
2018-06-30 109.24 -8.22 15.69
2018-03-31 110.73 -12.89 13.55
2017-12-31 114.24 -12.51 14.08
2017-09-30 121.46 -14.21 15.31
2017-06-30 124.82 -17.86 18.07
2017-03-31 125.66 -12.70 18.31
2016-12-31 123.43 -11.35 17.04
2016-09-30 119.12 -11.34 17.36
2016-06-30 123.13 -4.32 17.30
2016-03-31 120.84 -4.27 17.21
2015-12-31 116.38 -4.83 16.70
2015-09-30 109.30 -3.58 15.52
2015-06-30 106.37 -2.26 15.14
2015-03-31 108.65 0.73 14.73
2014-12-31 113.08 3.10 15.51
2014-09-30 119.65 5.60 14.52
2014-06-30 118.58 8.60 13.21
2014-03-31 116.25 9.48 12.62
2013-12-31 115.21 9.74 12.18
2013-09-30 116.00 9.76 10.79
2013-06-30 104.87 7.73 10.31
2013-03-31 103.48 6.97 9.91
2012-12-31 105.62 6.65 9.74
2012-09-30 102.90 6.31 9.91
2012-06-30 112.43 6.57 11.79

*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.
  • It is difficult to establish if SIFCO Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if SIFCO Industries has efficiently used its assets last year compared to the US Aerospace & Defense industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if SIFCO Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess SIFCO Industries'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 Aerospace & Defense 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.
SIFCO Industries has a total score of 0/6, 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 SIFCO Industries'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 SIFCO Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SIFCO Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SIFCO Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SIFCO Industries'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 1.7x 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 SIFCO Industries Company Filings, last reported 2 months ago.

AMEX:SIF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 45.24 26.23 1.90
2018-12-31 46.42 29.16 0.92
2018-09-30 44.19 29.53 1.25
2018-06-30 46.36 29.83 1.68
2018-03-31 48.60 28.32 0.89
2017-12-31 49.89 31.35 1.13
2017-09-30 50.13 31.27 1.40
2017-06-30 51.38 34.17 1.10
2017-03-31 56.10 35.63 1.36
2016-12-31 57.11 40.67 1.02
2016-09-30 60.37 38.63 0.47
2016-06-30 68.93 39.41 0.82
2016-03-31 70.25 38.87 0.95
2015-12-31 70.54 41.69 1.34
2015-09-30 73.07 48.93 0.67
2015-06-30 75.30 38.87 22.77
2015-03-31 75.78 17.58 4.69
2014-12-31 75.69 16.95 4.98
2014-09-30 76.62 10.43 4.60
2014-06-30 77.45 6.50 4.59
2014-03-31 75.00 6.63 4.51
2013-12-31 73.36 9.14 4.71
2013-09-30 72.01 11.77 4.51
2013-06-30 68.30 11.51 4.61
2013-03-31 65.33 14.46 5.64
2012-12-31 63.54 10.55 5.55
2012-09-30 60.14 21.68 7.18
2012-06-30 59.96 25.14 7.12
  • SIFCO Industries's level of debt (58%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.8% vs 58% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • SIFCO Industries has sufficient cash runway for more than 3 years based on current free cash flow.
  • SIFCO Industries has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 55.1% each year.
X
Financial health checks
We assess SIFCO Industries'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. SIFCO Industries 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 SIFCO Industries'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
0%
Current annual income from SIFCO Industries dividends.
If you bought $2,000 of SIFCO Industries shares you are expected to receive $0 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?
  • Unable to evaluate SIFCO Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SIFCO Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
AMEX:SIF 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 0 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
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.

AMEX:SIF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30
AMEX:SIF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-05-17 0.000 0.000
2016-02-16 0.000 0.000
2016-01-29 0.000 0.000
2014-09-24 0.200 1.267
2013-09-27 0.200 0.722
2012-09-26 0.200 1.186
2012-08-09 0.200 1.020
2011-10-03 0.200 1.012
2010-10-01 0.150 0.937

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

  • Unable to perform a dividend volatility check as SIFCO Industries has not reported any payouts.
  • Unable to verify if SIFCO Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SIFCO Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SIFCO Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SIFCO Industries'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 SIFCO Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SIFCO Industries has a total score of 0/6, 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 SIFCO Industries'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
Pete Knapper
COMPENSATION $932,390
AGE 57
TENURE AS CEO 3 years
CEO Bio

Mr. Peter William Knapper, also known as Pete, has been the Chief Executive Officer and President of SIFCO Industries Inc. since June 29, 2016. Prior to his appointment, Mr. Knapper worked for the TECT Corporation from 2007 to 2016, and was the Director of Strategy and Site Development. TECT offers the aerospace, power-generation, transportation, marine, and medical industries a combination of capabilities unique among metal component manufacturers. He served as the President of TECT Aerospace, Inc. from September 8, 2010 to May 2014. He joined TECT family of businesses in 2007. He served as Vice President of Operations at both TECT Power from 2007 to 2009 and TECT Aerospace from 2009 to 2010. Prior to joining TECT family of businesses, he served in a series of positions of increasing responsibility with GE Aircraft Engines, Burns Aerospace, Honeywell International, Sermatech International, General Electric and Rolls-Royce Energy Systems. He has been a Director of SIFCO Industries Inc. since June 29, 2016. Mr. Knapper spent five years at Rolls Royce Energy Systems, Inc., a subsidiary of Rolls-Royce Holdings plc, as the Director of Component Manufacturing and Assembly. Mr. Knapper earned his undergraduate degree in Mechanical Engineering Technology from the University of Cincinnati and his MBA from Ohio University.

CEO Compensation
  • Pete's compensation has increased whilst company is loss making.
  • Pete's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the SIFCO Industries management team in years:

2.6
Average Tenure
  • The tenure for the SIFCO Industries management team is about average.
Management Team

Pete Knapper

TITLE
President
COMPENSATION
$932K
AGE
57
TENURE
3 yrs

Tom Kubera

TITLE
Chief Financial Officer
COMPENSATION
$296K
AGE
58
TENURE
0.8 yrs

John Glover

TITLE
Corporate Vice President of Sales
TENURE
2.6 yrs

Wendy Worthington

TITLE
Director of Human Resources

Megan Mehalko

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the SIFCO Industries board of directors in years:

5.3
Average Tenure
61
Average Age
  • The tenure for the SIFCO Industries board of directors is about average.
Board of Directors

Norman Wells

TITLE
Chairman
COMPENSATION
$125K
AGE
70
TENURE
2.9 yrs

Pete Knapper

TITLE
President
COMPENSATION
$932K
AGE
57
TENURE
3 yrs

Jeff Gotschall

TITLE
Chairman Emeritus
COMPENSATION
$85K
AGE
69
TENURE
4.3 yrs

Alayne Reitman

TITLE
Independent Director
COMPENSATION
$92K
AGE
54
TENURE
17.4 yrs

Donald Molten

TITLE
Independent Director
COMPENSATION
$85K
AGE
61
TENURE
9.2 yrs

Hudson Smith

TITLE
Director
COMPENSATION
$228K
AGE
67
TENURE
31.4 yrs

Mark Silk

TITLE
Independent Director
COMPENSATION
$79K
AGE
52
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Dec 18 Buy Thomas Kubera Individual 17. Dec 18 17. Dec 18 1,000 $3.50 $3,500
18. Dec 18 Buy Hudson Smith Individual 17. Dec 18 17. Dec 18 2,000 $3.45 $6,897
17. Dec 18 Buy Donald Molten Individual 13. Dec 18 14. Dec 18 5,000 $3.97 $19,509
27. Aug 18 Buy Peter Knapper Individual 23. Aug 18 24. Aug 18 2,000 $5.20 $10,398
X
Management checks
We assess SIFCO Industries'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. SIFCO Industries 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

How Does SIFCO Industries, Inc. (NYSEMKT:SIF) Affect Your Portfolio Volatility?

A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one. … This suggests that including it in your portfolio will reduce volatility arising from broader market movements, assuming your portfolio's weighted average beta is higher than 0.86. … What this means for you: One potential advantage of owning low beta stocks like SIFCO Industries is that your overall portfolio won't be too sensitive to overall market movements.

Simply Wall St -

Do Directors Own SIFCO Industries, Inc. (NYSEMKT:SIF) Shares?

The big shareholder groups in SIFCO Industries, Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … SIFCO Industries is a smaller company with a market capitalization of US$19m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Does SIFCO Industries Inc's (NYSEMKT:SIF) CEO Salary Reflect Performance?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Pete Knapper's Compensation Compare With Similar Sized Companies. … Our data indicates that SIFCO Industries Inc is worth US$26m, and total annual CEO compensation is US$704k.

Simply Wall St -

Should You Be Holding SIFCO Industries Inc (NYSEMKT:SIF) Right Now?

The first risk to consider is company-specific, which can be diversified away when you invest in other companies in the same industry as SIF, because it is rare that an entire industry collapses at once. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

Should You Be Holding SIFCO Industries Inc (NYSEMKT:SIF) Right Now?

The first risk to consider is company-specific, which can be diversified away when you invest in other companies in the same industry as SIF, because it is rare that an entire industry collapses at once. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

How Financially Strong Is SIFCO Industries Inc (NYSEMKT:SIF)?

While small-cap stocks, such as SIFCO Industries Inc (NYSEMKT:SIF) with its market cap of US$30.45m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Want To Invest In SIFCO Industries Inc (NYSEMKT:SIF)? Here's How It Performed Lately

Measuring SIFCO Industries Inc's (AMEX:SIF) track record of past performance is a valuable exercise for investors. … View our latest analysis for SIFCO Industries Was SIF's recent earnings decline worse than the long-term trend and the industry? … For SIFCO Industries, its most recent earnings (trailing twelve month) is -US$12.51M, which, against the prior year's figure, has become more negative.

Simply Wall St -

Should You Be Concerned About SIFCO Industries Inc's (NYSEMKT:SIF) Investors?

Check out our latest analysis for SIFCO Industries AMEX:SIF Ownership_summary Mar 27th 18 Institutional Ownership SIF's 25.80% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … Insider ownership has been linked to better alignment between management and shareholders. … Next Steps: SIF's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Should You Be Concerned About SIFCO Industries Inc's (NYSEMKT:SIF) Risks?

SIF's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … How SIF's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … However, this is the opposite to what SIF’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St -

What does SIFCO Industries Inc's (NYSEMKT:SIF) Balance Sheet Tell Us About Its Future?

Additionally, SIF has produced $12.0M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 38.36%, indicating that SIF’s current level of operating cash is high enough to cover debt. … In SIF’s case, it is able to generate 0.38x cash from its debt capital. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: Although SIF’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Company Info

Description

SIFCO Industries, Inc. produces and sells forgings and machined components primarily for the aerospace and energy markets in the United States and Europe. The company’s processes and services include forging, heat-treating, and machining. It offers original equipment manufacturers and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; rotating components for helicopters; and commercial/industrial products. The company also provides heat-treatment, surface-treatment, non-destructive testing, and select machining and sub-assembly of forged components. SIFCO Industries, Inc. was founded in 1916 and is headquartered in Cleveland, Ohio.

Details
Name: SIFCO Industries, Inc.
SIF
Exchange: AMEX
Founded: 1916
$16,478,204
5,773,318
Website: http://www.sifco.com
Address: SIFCO Industries, Inc.
970 East 64th Street,
Cleveland,
Ohio, 44103,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX SIF Common Shares NYSE MKT LLC US USD 02. Sep 1969
Number of employees
Current staff
Staff numbers
453
SIFCO Industries employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 23:44
End of day share price update: 2019/06/20 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.