SCS Stock Overview
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$12.12|
|52 Week High||US$16.85|
|52 Week Low||US$10.96|
|1 Month Change||-3.04%|
|3 Month Change||-8.87%|
|1 Year Change||-10.75%|
|3 Year Change||-18.44%|
|5 Year Change||-22.56%|
|Change since IPO||-63.96%|
Recent News & Updates
Steelcase: When Returns Justify Trying To Catch A Falling Knife
Steelcase had a robust operating history in the years leading up to the COVID-19 pandemic, but the crisis proved to be painful for shareholders. This year, the picture is continuing to show signs of decline, but this doesn't mean the company is a bad prospect. Although uncertainty clouds the picture today, shares of the business are incredibly cheap if we assume an eventual turnaround in the business. The potential upside could well be worth the risk of buying in at this time.
Steelcase (NYSE:SCS) Has A Somewhat Strained Balance Sheet
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Steelcase (NYSE:SCS) Is Paying Out A Larger Dividend Than Last Year
Steelcase Inc. ( NYSE:SCS ) has announced that it will be increasing its dividend on the 15th of October to US$0.14...
|SCS||US Commercial Services||US Market|
Return vs Industry: SCS underperformed the US Commercial Services industry which returned 24.2% over the past year.
Return vs Market: SCS underperformed the US Market which returned 21.7% over the past year.
|SCS Average Weekly Movement||4.3%|
|Commercial Services Industry Average Movement||5.8%|
|Market Average Movement||6.3%|
|10% most volatile stocks in US Market||15.1%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: SCS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SCS's weekly volatility (4%) has been stable over the past year.
About the Company
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company’s furniture portfolio includes panels, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools 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$1.84b|
Last Reported Earnings
Aug 27, 2021
Next Earnings Date
Dec 16, 2021
|Earnings per share (EPS)||0.044|
|Net Profit Margin||0.19%|
How did SCS perform over the long term?See historical performance and comparison
4.8%Current Dividend Yield
Is Steelcase undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SCS ($12.12) is trading below our estimate of fair value ($50.16)
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 PE Ratio (275x) compared to the US Commercial Services industry average (28x).
PE vs Market: SCS is poor value based on its PE Ratio (275x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: SCS is poor value based on its PEG Ratio (4.7x)
Price to Book Ratio
PB vs Industry: SCS is good value based on its PB Ratio (1.5x) compared to the US Commercial Services industry average (2.2x).
How is Steelcase forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SCS's forecast earnings growth (58.3% per year) is above the savings rate (2%).
Earnings vs Market: SCS's earnings (58.3% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SCS's revenue (7.3% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: SCS's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SCS's Return on Equity is forecast to be high in 3 years time
How has Steelcase performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SCS has a large one-off loss of $6.3M impacting its August 27 2021 financial results.
Growing Profit Margin: SCS's current net profit margins (0.2%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: SCS's earnings have declined by 13.2% 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 (-96.3%) over the past year, making it difficult to compare to the Commercial Services industry average (35.3%).
Return on Equity
High ROE: SCS's Return on Equity (0.6%) is considered low.
How is Steelcase's financial position?
Financial Position Analysis
Short Term Liabilities: SCS's short term assets ($1.0B) exceed its short term liabilities ($547.7M).
Long Term Liabilities: SCS's short term assets ($1.0B) exceed its long term liabilities ($864.5M).
Debt to Equity History and Analysis
Debt Level: SCS's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: SCS's debt to equity ratio has increased from 39.9% to 53.8% over the past 5 years.
Debt Coverage: SCS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SCS's interest payments on its debt are not well covered by EBIT (0.6x coverage).
What is Steelcase current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SCS's dividend (4.79%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: SCS's dividend (4.79%) is in the top 25% of dividend payers in the US market (3.56%)
Stability and Growth of Payments
Stable Dividend: SCS's dividend payments have been volatile in the past 10 years.
Growing Dividend: SCS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (1023.5%), SCS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SCS's dividends in 3 years are forecast to be covered by earnings (70.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sara Armbruster (50 yo)
Ms. Sara E. Armbruster has been Executive Vice President and Director of at Steelcase Inc. since April 2021. She had been Vice President of Strategy, Research and Digital Transformation at Steelcase, Inc....
CEO Compensation Analysis
Compensation vs Market: Sara's total compensation ($USD1.34M) is below average for companies of similar size in the US market ($USD3.62M).
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 (7.8 years average tenure).
Experienced Board: SCS's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
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
- Market Cap: US$1.375b
- Shares outstanding: 113.42m
- 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||2021/12/09 00:00|
|End of Day Share Price||2021/12/08 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.