SCS Stock Overview
Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$11.73|
|52 Week High||US$15.84|
|52 Week Low||US$10.66|
|1 Month Change||-1.92%|
|3 Month Change||-2.98%|
|1 Year Change||-18.94%|
|3 Year Change||-30.01%|
|5 Year Change||-29.55%|
|Change since IPO||-65.12%|
Recent News & Updates
Steelcase (NYSE:SCS) Will Be Hoping To Turn Its Returns On Capital Around
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Steelcase: A Recovery Will Push Shares Higher
Steelcase has struggled since the pandemic began, but the picture for the business is showing signs of improvement. The process may take time, but it's probable that financial results will revert back to where they were in prior years. If this comes to pass, shares could offer a nice bit of upside for long-term investors.
Is Steelcase (NYSE:SCS) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Be Wary Of Steelcase (NYSE:SCS) And Its Returns On Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
|SCS||US Commercial Services||US Market|
Return vs Industry: SCS underperformed the US Commercial Services industry which returned -5.3% over the past year.
Return vs Market: SCS underperformed the US Market which returned -12.3% over the past year.
|SCS Average Weekly Movement||5.3%|
|Commercial Services Industry Average Movement||7.4%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: SCS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SCS's weekly volatility (5%) has been stable over the past year.
About the Company
Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company’s furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, and mobile power and screens.
Steelcase Fundamentals Summary
|SCS fundamental statistics|
Is SCS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SCS income statement (TTM)|
|Cost of Revenue||US$2.01b|
Last Reported Earnings
Feb 25, 2022
Next Earnings Date
|Earnings per share (EPS)||0.035|
|Net Profit Margin||0.14%|
How did SCS perform over the long term?See historical performance and comparison
4.9%Current Dividend Yield
Is Steelcase undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SCS ($11.73) is trading below our estimate of fair value ($26.88)
Significantly Below Fair Value: SCS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SCS is poor value based on its Price-To-Earnings Ratio (339.1x) compared to the US Commercial Services industry average (21.9x).
PE vs Market: SCS is poor value based on its Price-To-Earnings Ratio (339.1x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: SCS is poor value based on its PEG Ratio (8x)
Price to Book Ratio
PB vs Industry: SCS is good value based on its Price-To-Book Ratio (1.6x) compared to the US Commercial Services industry average (1.8x).
How is Steelcase forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SCS's forecast earnings growth (42.4% per year) is above the savings rate (1.9%).
Earnings vs Market: SCS's earnings (42.4% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SCS's revenue (6.2% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: SCS's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SCS's Return on Equity is forecast to be low in 3 years time (12.6%).
How has Steelcase performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SCS has a large one-off gain of $1.3M impacting its February 25 2022 financial results.
Growing Profit Margin: SCS's current net profit margins (0.1%) are lower than last year (1%).
Past Earnings Growth Analysis
Earnings Trend: SCS's earnings have declined by 18.5% per year over the past 5 years.
Accelerating Growth: SCS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SCS had negative earnings growth (-85.1%) over the past year, making it difficult to compare to the Commercial Services industry average (30.2%).
Return on Equity
High ROE: SCS's Return on Equity (0.5%) is considered low.
How is Steelcase's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SCS's short term assets ($959.2M) exceed its short term liabilities ($567.2M).
Long Term Liabilities: SCS's short term assets ($959.2M) exceed its long term liabilities ($841.6M).
Debt to Equity History and Analysis
Debt Level: SCS's net debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: SCS's debt to equity ratio has increased from 38.8% to 56.6% over the past 5 years.
Debt Coverage: SCS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SCS's interest payments on its debt are not well covered by EBIT (0.7x coverage).
What is Steelcase current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SCS's dividend (4.94%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: SCS's dividend (4.94%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: SCS's dividend payments have been volatile in the past 10 years.
Growing Dividend: SCS's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (1561.1%), SCS's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: SCS is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sara Armbruster (50 yo)
Ms. Sara E. Armbruster has been an Executive Vice President and Director of at Steelcase Inc. since April 2021. She had been Vice President of Strategy, Research and Digital Transformation at Steelcase, In...
CEO Compensation Analysis
Compensation vs Market: Sara's total compensation ($USD1.34M) is below average for companies of similar size in the US market ($USD5.43M).
Compensation vs Earnings: Sara's compensation has been consistent with company performance over the past year.
Experienced Management: SCS's management team is seasoned and experienced (8.2 years average tenure).
Experienced Board: SCS's board of directors are considered experienced (5.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SCS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Steelcase Inc.'s employee growth, exchange listings and data sources
- Name: Steelcase Inc.
- Ticker: SCS
- Exchange: NYSE
- Founded: 1912
- Industry: Office Services and Supplies
- Sector: Commercial Services
- Implied Market Cap: US$1.322b
- Shares outstanding: 112.73m
- Website: https://www.steelcase.com
Number of Employees
- Steelcase Inc.
- 901 44th Street SE
- Grand Rapids
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/24 00:00|
|End of Day Share Price||2022/05/24 00:00|
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.