Steelcase Stock Analysis
SCS Stock | USD 12.42 0.24 1.97% |
Steelcase is overvalued with Real Value of 10.67 and Target Price of 10.88. The main objective of Steelcase stock analysis is to determine its intrinsic value, which is an estimate of what Steelcase is worth, separate from its market price. There are two main types of Steelcase's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Steelcase's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Steelcase's stock to identify patterns and trends that may indicate its future price movements.
The Steelcase stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Steelcase is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Steelcase Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Steelcase's ongoing operational relationships across important fundamental and technical indicators.
Steelcase |
Steelcase Stock Analysis Notes
About 94.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.58. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Steelcase has Price/Earnings To Growth (PEG) ratio of 1.32. The entity last dividend was issued on the 2nd of April 2024. The firm had 1:5 split on the 11th of August 2006. Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. The company was founded in 1912 and is headquartered in Grand Rapids, Michigan. Steelcase operates under Business Equipment Supplies classification in the United States and is traded on New York Stock Exchange. It employs 11600 people. To find out more about Steelcase contact James Keane at 616 247 2710 or learn more at https://www.steelcase.com.Steelcase Quarterly Total Revenue |
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Steelcase Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Steelcase's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Steelcase or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Steelcase generated a negative expected return over the last 90 days | |
Steelcase has a strong financial position based on the latest SEC filings | |
Over 94.0% of the company shares are owned by institutional investors | |
On 15th of April 2024 Steelcase paid $ 0.1 per share dividend to its current shareholders | |
Latest headline from finance.yahoo.com: UBQ Materials Launches World of UBQ Consumer Marketing Campaign, Empowering Consumers to Push for Sustainability in Top Brands |
Steelcase Upcoming and Recent Events
Earnings reports are used by Steelcase to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Steelcase previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
27th of March 2024 Upcoming Quarterly Report | View | |
19th of June 2024 Next Financial Report | View | |
29th of February 2024 Next Fiscal Quarter End | View | |
27th of March 2024 Next Fiscal Year End | View | |
30th of November 2023 Last Quarter Report | View | |
28th of February 2023 Last Financial Announcement | View |
Steelcase Largest EPS Surprises
Earnings surprises can significantly impact Steelcase's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2021-12-16 | 2021-11-30 | 0.09 | 0.08 | -0.01 | 11 | ||
2005-06-20 | 2005-05-31 | 0.08 | 0.09 | 0.01 | 12 | ||
2005-03-30 | 2005-02-28 | 0.03 | 0.02 | -0.01 | 33 |
Steelcase Thematic Classifications
In addition to having Steelcase stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Business SuppliesUSA Equities from Business Supplies industry as classified by Fama & French |
Steelcase Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Steelcase is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Steelcase backward and forwards among themselves. Steelcase's institutional investor refers to the entity that pools money to purchase Steelcase's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Arrowstreet Capital Limited Partnership | 2023-12-31 | 1.8 M | Bank Of America Corp | 2023-12-31 | 1.8 M | American Century Companies Inc | 2023-12-31 | 1.5 M | Globeflex Capital, L.p. | 2023-12-31 | 1.4 M | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 M | Acadian Asset Management Llc | 2023-12-31 | 1 M | Jacobs Levy Equity Management, Inc. | 2023-09-30 | 966.5 K | Northern Trust Corp | 2023-12-31 | 958.5 K | Parkwood Llc | 2023-12-31 | 954.5 K | Vanguard Group Inc | 2023-12-31 | 9.8 M | Blackrock Inc | 2023-12-31 | 8.9 M |
Steelcase Market Capitalization
The company currently falls under 'Mid-Cap' category with a total capitalization of 1.4 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Steelcase's market, we take the total number of its shares issued and multiply it by Steelcase's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Steelcase Profitablity
Steelcase's profitability indicators refer to fundamental financial ratios that showcase Steelcase's ability to generate income relative to its revenue or operating costs. If, let's say, Steelcase is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Steelcase's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Steelcase's profitability requires more research than a typical breakdown of Steelcase's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.03 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.03 %, which entails that for every 100 dollars of revenue, it generated $0.03 of operating income. Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.04 | 0.07 | |
Return On Capital Employed | 0.08 | 0.14 | |
Return On Assets | 0.04 | 0.06 | |
Return On Equity | 0.09 | 0.15 |
Management Efficiency
Steelcase has Return on Asset of 0.0351 % which means that on every $100 spent on assets, it made $0.0351 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0947 %, implying that it generated $0.0947 on every 100 dollars invested. Steelcase's management efficiency ratios could be used to measure how well Steelcase manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.07 in 2024. Return On Capital Employed is likely to gain to 0.14 in 2024. At this time, Steelcase's Non Currrent Assets Other are comparatively stable compared to the past year. Total Current Assets is likely to gain to about 1 B in 2024, whereas Non Current Assets Total are likely to drop slightly above 995.9 M in 2024.Last Reported | Projected for Next Year | ||
Book Value Per Share | 7.78 | 6.37 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 4.54 | 4.51 | |
Enterprise Value Over EBITDA | 8.06 | 7.08 | |
Price Book Value Ratio | 1.64 | 2.23 | |
Enterprise Value Multiple | 8.06 | 7.08 | |
Price Fair Value | 1.64 | 2.23 | |
Enterprise Value | 2.4 B | 2.8 B |
The analysis of Steelcase's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Steelcase's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Steelcase Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0328 | Forward Dividend Yield 0.0328 | Forward Dividend Rate 0.4 | Beta 1.304 |
Technical Drivers
As of the 23rd of April, Steelcase has the Variance of 4.34, risk adjusted performance of 0.005, and Coefficient Of Variation of (30,172). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Steelcase, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down thirteen technical drivers for Steelcase, which can be compared to its competition. Please validate Steelcase coefficient of variation and maximum drawdown to decide if Steelcase is priced more or less accurately, providing market reflects its prevalent price of 12.42 per share. Given that Steelcase has information ratio of (0.05), we advise you to double-check Steelcase's current market performance to make sure the company can sustain itself at a future point.Steelcase Price Movement Analysis
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Steelcase middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Steelcase. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Steelcase Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Steelcase insiders, such as employees or executives, is commonly permitted as long as it does not rely on Steelcase's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Steelcase insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Linda Williams over three months ago Acquisition by Linda Williams of 2573 shares of Steelcase subject to Rule 16b-3 | ||
Linda Williams over six months ago Acquisition by Linda Williams of 3803 shares of Steelcase subject to Rule 16b-3 | ||
Linda Williams over six months ago Acquisition by Linda Williams of 4448 shares of Steelcase subject to Rule 16b-3 | ||
Linda Williams over a year ago Acquisition by Linda Williams of 4300 shares of Steelcase subject to Rule 16b-3 | ||
Robin Zondervan over a year ago Acquisition by Robin Zondervan of 3020 shares of Steelcase subject to Rule 16b-3 |
Steelcase Outstanding Bonds
Steelcase issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Steelcase uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Steelcase bonds can be classified according to their maturity, which is the date when Steelcase has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Steelcase Predictive Daily Indicators
Steelcase intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Steelcase stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Steelcase Corporate Filings
F4 | 16th of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 12th of April 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
F4 | 26th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 21st of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 20th of March 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 12th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F4 | 27th of February 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 21st of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Steelcase Forecast Models
Steelcase's time-series forecasting models are one of many Steelcase's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Steelcase's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Steelcase Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Steelcase prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Steelcase shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Steelcase. By using and applying Steelcase Stock analysis, traders can create a robust methodology for identifying Steelcase entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.03 | 0.06 | |
Operating Profit Margin | 0.04 | 0.06 | |
Net Profit Margin | 0.03 | 0.04 | |
Gross Profit Margin | 0.32 | 0.33 |
Current Steelcase Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Steelcase analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Steelcase analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
10.88 | Hold | 1 | Odds |
Most Steelcase analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Steelcase stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Steelcase, talking to its executives and customers, or listening to Steelcase conference calls.
Steelcase Stock Analysis Indicators
Steelcase stock analysis indicators help investors evaluate how Steelcase stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Steelcase shares will generate the highest return on investment. By understating and applying Steelcase stock analysis, traders can identify Steelcase position entry and exit signals to maximize returns.
Begin Period Cash Flow | 90.4 M | |
Long Term Debt | 446.3 M | |
Common Stock Shares Outstanding | 114.5 M | |
Total Stockholder Equity | 887.1 M | |
Tax Provision | 26 M | |
Quarterly Earnings Growth Y O Y | 0.371 | |
Property Plant And Equipment Net | 521.5 M | |
Cash And Short Term Investments | 318.6 M | |
Cash | 318.6 M | |
Accounts Payable | 211.3 M | |
Net Debt | 311.4 M | |
50 Day M A | 12.739 | |
Total Current Liabilities | 607.1 M | |
Other Operating Expenses | 3 B | |
Non Current Assets Total | 1.3 B | |
Forward Price Earnings | 13.245 | |
Non Currrent Assets Other | 207.6 M | |
Stock Based Compensation | 26 M |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Steelcase. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.Note that the Steelcase information on this page should be used as a complementary analysis to other Steelcase's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for Steelcase Stock analysis
When running Steelcase's price analysis, check to measure Steelcase's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steelcase is operating at the current time. Most of Steelcase's value examination focuses on studying past and present price action to predict the probability of Steelcase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steelcase's price. Additionally, you may evaluate how the addition of Steelcase to your portfolios can decrease your overall portfolio volatility.
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Is Steelcase's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steelcase. If investors know Steelcase will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steelcase listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.371 | Dividend Share 0.4 | Earnings Share 0.68 | Revenue Per Share 27.716 | Quarterly Revenue Growth (0.03) |
The market value of Steelcase is measured differently than its book value, which is the value of Steelcase that is recorded on the company's balance sheet. Investors also form their own opinion of Steelcase's value that differs from its market value or its book value, called intrinsic value, which is Steelcase's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steelcase's market value can be influenced by many factors that don't directly affect Steelcase's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steelcase's value and its price as these two are different measures arrived at by different means. Investors typically determine if Steelcase is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steelcase's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.