Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products.
+ 1 more risk
Outstanding track record with adequate balance sheet and pays a dividend.
Share Price & News
How has Steelcase's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SCS's share price has been volatile over the past 3 months.
7 Day Return
US Commercial Services
1 Year Return
US Commercial Services
Return vs Industry: SCS underperformed the US Commercial Services industry which returned -11.6% over the past year.
Return vs Market: SCS underperformed the US Market which returned -6.8% over the past year.
Price Volatility Vs. Market
How volatile is Steelcase's share price compared to the market and industry in the last 5 years?
Simply Wall St News
19 hours ago | Simply Wall StAre Steelcase Inc.'s (NYSE:SCS) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
1 week ago | Simply Wall StDowngrade: Here's How Analysts See Steelcase Inc. (NYSE:SCS) Performing In The Near Term
1 week ago | Simply Wall StShould You Buy Steelcase Inc. (NYSE:SCS) For Its Upcoming Dividend In 4 Days?
Is Steelcase undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SCS ($10.45) is trading above our estimate of fair value ($5.47)
Significantly Below Fair Value: SCS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SCS is good value based on its PE Ratio (6.3x) compared to the Commercial Services industry average (22.8x).
PE vs Market: SCS is good value based on its PE Ratio (6.3x) compared to the US market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: SCS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SCS is overvalued based on its PB Ratio (1.3x) compared to the US Commercial Services industry average (1.2x).
How is Steelcase forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SCS's earnings are forecast to decline over the next 3 years (-81.2% per year).
Earnings vs Market: SCS's earnings are forecast to decline over the next 3 years (-81.2% per year).
High Growth Earnings: SCS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SCS's revenue is expected to decline over the next 3 years (-10.4% per year).
High Growth Revenue: SCS's revenue is forecast to decline over the next 3 years (-10.4% 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 (5.4%).
How has Steelcase performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SCS has high quality earnings.
Growing Profit Margin: SCS's current net profit margins (5.4%) are higher than last year (3.6%).
Past Earnings Growth Analysis
Earnings Trend: SCS's earnings have grown by 4% per year over the past 5 years.
Accelerating Growth: SCS's earnings growth over the past year (61.6%) exceeds its 5-year average (4% per year).
Earnings vs Industry: SCS earnings growth over the past year (61.6%) exceeded the Commercial Services industry 2.5%.
Return on Equity
High ROE: SCS's Return on Equity (20.6%) is considered high.
How is Steelcase's financial position?
Financial Position Analysis
Short Term Liabilities: SCS's short term assets ($1.2B) exceed its short term liabilities ($690.9M).
Long Term Liabilities: SCS's short term assets ($1.2B) exceed its long term liabilities ($904.1M).
Debt to Equity History and Analysis
Debt Level: SCS's debt to equity ratio (49.9%) is considered high.
Reducing Debt: SCS's debt to equity ratio has increased from 42.5% to 49.9% over the past 5 years.
Debt Coverage: SCS's debt is well covered by operating cash flow (74.5%).
Interest Coverage: SCS's interest payments on its debt are well covered by EBIT (10.8x coverage).
What is Steelcase's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SCS's dividend (2.68%) is higher than the bottom 25% of dividend payers in the US market (1.87%).
High Dividend: SCS's dividend (2.68%) is low compared to the top 25% of dividend payers in the US market (5.12%).
Stability and Growth of Payments
Stable Dividend: SCS's dividend payments have been volatile in the past 10 years.
Growing Dividend: SCS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.7%), SCS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SCS's dividends in 3 years are forecast to be covered by earnings (68.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Keane (60yo)
Mr. James P. Keane, also known as Jim, has been the Chief Executive Officer of Steelcase Inc. since March 2014. Mr. Keane served as the President of Steelcase Inc. from April 22, 2013 to March 2014. He ser ...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD6.44M) is above average for companies of similar size in the US market ($USD4.68M).
Compensation vs Earnings: Jim's compensation has increased by more than 20% in the past year.
|CFO & Senior VP||9yrs||US$2.37m||0.35% $4.3m|
|Vice President of Strategy of Research & Digital Transformation||6.25yrs||US$1.40m||0.042% $514.9k|
|Chief Administrative Officer||5.83yrs||US$1.57m||0.18% $2.3m|
|Vice President of Global Marketing||6.58yrs||US$1.30m||0.029% $349.2k|
|Vice President of Global Operations||5.17yrs||US$1.15m||0.035% $434.5k|
|Corporate Controller & Chief Accounting Officer||12yrs||no data||no data|
|Director of Investor Relations & Financial Planning and Analysis||no data||no data||no data|
|Vice President of Communications||6.08yrs||no data||no data|
|Senior Vice President of EMEA||6.08yrs||no data||0.053% $646.6k|
Experienced Management: SCS's management team is seasoned and experienced (6.1 years average tenure).
|Independent Director||7.58yrs||US$220.00k||no data|
|Chair of the Board||16.83yrs||US$300.00k||4.34% $53.2m|
|Independent Director||41.25yrs||US$200.00k||0.19% $2.4m|
|Independent Director||19.25yrs||US$200.00k||5.05% $61.8m|
|Independent Director||3.33yrs||US$210.00k||0.00023% $2.8k|
|Independent Director||10.08yrs||US$210.00k||0.058% $710.1k|
|Independent Director||14.08yrs||US$220.00k||0.0031% $37.7k|
|Independent Director||3.08yrs||US$205.00k||no data|
Experienced Board: SCS's board of directors are considered experienced (8.8 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 been diluted in the past year, with total shares outstanding growing by 2.5%.
Steelcase Inc.'s company bio, 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$1.225b
- Shares outstanding: 117.20m
- Website: https://www.steelcase.com
Number of Employees
- Steelcase Inc.
- 901 44th Street SE
- Grand Rapids
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SCS||NYSE (New York Stock Exchange)||Yes||Class A Common Stock||US||USD||Feb 1998|
|GJB||DB (Deutsche Boerse AG)||Yes||Class A Common Stock||DE||EUR||Feb 1998|
Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products. It operates through Americas, EMEA, and Other Category segments. The company’s furniture portfolio includes panel, fence and beam-based furniture systems, storage products, fixed and height-adjustable desks, benches, and tables, as well as complementary products, including worktools. Its seating products comprise ergonomic task chairs; seating for collaborative or casual settings; and specialty seating for specific vertical markets, such as healthcare and education. The company’s interior architectural products include full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and ceramic steel surfaces for use in various applications, including static whiteboards and chalkboards through third party fabricators and distributors, as well as workplace strategy consulting, data-driven space measurement, lease origination, furniture and asset management, and hosted event services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, Coalesse, Turnstone, Smith System, AMQ, Orangebox, Designtex, and PolyVision brands. It distributes its products and services through a network of independent and company-owned dealers, as well as directly to end-use customers. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 03:12|
|End of Day Share Price||2020/04/09 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.