Steelcase Inc. manufactures and sells integrated furniture settings, user-centered technologies, and interior architectural products in the United States and internationally. More Details
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Fair value with moderate growth potential.
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 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.
7 Day Return
US Commercial Services
1 Year Return
US Commercial Services
Return vs Industry: SCS underperformed the US Commercial Services industry which returned 35.8% over the past year.
Return vs Market: SCS underperformed the US Market which returned 38.2% over the past year.
Long-Term 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
3 days ago | Simply Wall StIs Steelcase Inc. (NYSE:SCS) Potentially Undervalued?
2 weeks ago | Simply Wall StInvestors Could Be Concerned With Steelcase's (NYSE:SCS) Returns On Capital
1 month ago | Simply Wall StAre Investors Undervaluing Steelcase Inc. (NYSE:SCS) By 49%?
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 ($13.86) is trading below our estimate of fair value ($28.17)
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 (62.5x) compared to the US Commercial Services industry average (33.3x).
PE vs Market: SCS is poor value based on its PE Ratio (62.5x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: SCS is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: SCS is good value based on its PB Ratio (1.7x) compared to the US Commercial Services industry average (2.4x).
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 (37.5% per year) is above the savings rate (2%).
Earnings vs Market: SCS's earnings (37.5% per year) are forecast to grow faster than the US market (15.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SCS's revenue (5.7% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: SCS's revenue (5.7% 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 (7.2%).
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 $36.7M impacting its February 26 2021 financial results.
Growing Profit Margin: SCS's current net profit margins (1%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: SCS's earnings have declined by 7.5% 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 (-86.9%) over the past year, making it difficult to compare to the Commercial Services industry average (3.2%).
Return on Equity
High ROE: SCS's Return on Equity (2.7%) 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 ($515.0M).
Long Term Liabilities: SCS's short term assets ($1.0B) exceed its long term liabilities ($878.5M).
Debt to Equity History and Analysis
Debt Level: SCS's debt to equity ratio (50.4%) is considered high.
Reducing Debt: SCS's debt to equity ratio has increased from 40.6% to 50.4% over the past 5 years.
Debt Coverage: SCS's debt is not well covered by operating cash flow (13.4%).
Interest Coverage: SCS's interest payments on its debt are well covered by EBIT (3.2x coverage).
What is Steelcase current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SCS's dividend (2.89%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: SCS's dividend (2.89%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: SCS's dividend payments have been volatile in the past 10 years.
Growing Dividend: SCS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (166.7%), SCS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SCS's dividends in 3 years are forecast to be covered by earnings (55.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jim Keane (61 yo)
Mr. James P. Keane, also known as Jim, had been the Chief Executive Officer of Steelcase Inc. since March 2014. Mr. Keane serves as the President of Steelcase Incorporated from March 2014. He served as Chi...
CEO Compensation Analysis
Compensation vs Market: Jim's total compensation ($USD7.41M) is above average for companies of similar size in the US market ($USD3.73M).
Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.
Experienced Management: SCS's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: SCS's board of directors are considered experienced (8.5 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 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$1.603b
- Shares outstanding: 115.66m
- Website: https://www.steelcase.com
Number of Employees
- Steelcase Inc.
- 901 44th Street SE
- Grand Rapids
- United States
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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/20 22:17|
|End of Day Share Price||2021/06/18 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.