Steelcase Stock Analysis

SCS Stock  USD 13.53  0.05  0.37%   
Steelcase is overvalued with Real Value of 11.98 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.
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 Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day. Steelcase Stock trading window is adjusted to America/New York timezone.
  
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 closely tied 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.

Steelcase Stock Analysis Notes

About 14.0% of the company outstanding shares are owned by corporate insiders. 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 3rd of July 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

727.3 Million

Steelcase Investment Alerts

Steelcase has a strong financial position based on the latest SEC filings
Over 97.0% of the company shares are owned by institutional investors
On 15th of July 2024 Steelcase paid $ 0.1 per share dividend to its current shareholders
Latest headline from zacks.com: Surging Earnings Estimates Signal Upside for Steelcase Stock

Steelcase Upcoming and Recent Events

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
2021-11-300.090.08-0.0111 
2005-06-20
2005-05-310.080.090.0112 
2005-03-30
2005-02-280.030.02-0.0133 
View All Earnings Estimates

Steelcase Environmental, Social, and Governance (ESG) Scores

Steelcase's ESG score is a quantitative measure that evaluates Steelcase's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Steelcase's operations that may have significant financial implications and affect Steelcase's stock price as well as guide investors towards more socially responsible investments.

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 Supplies Idea
Business Supplies
USA Equities from Business Supplies industry as classified by Fama & French

Steelcase Stock Institutional Investors

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 Partnership2024-03-31
1.8 M
Bank Of America Corp2024-03-31
1.8 M
Goldman Sachs Group Inc2024-03-31
1.7 M
Allianz Asset Management Ag2024-03-31
1.4 M
Globeflex Capital, L.p.2024-03-31
1.4 M
Morgan Stanley - Brokerage Accounts2024-03-31
1.1 M
Aqr Capital Management Llc2024-03-31
979.6 K
Northern Trust Corp2024-03-31
945.1 K
Bank Of New York Mellon Corp2024-03-31
934.1 K
Vanguard Group Inc2024-03-31
10.2 M
Blackrock Inc2024-03-31
8.6 M
Note, although Steelcase's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Steelcase Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 1.54 B.

Steelcase Profitablity

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 ReportedProjected 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 0.0391 % which means that on every $100 spent on assets, it made $0.0391 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1063 %, implying that it generated $0.1063 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 ReportedProjected for Next Year
Book Value Per Share 7.78  6.37 
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 Value2.4 B2.8 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
0.0297
Operating Margin
0.0326
Profit Margin
0.0289
Forward Dividend Yield
0.0297
Beta
1.332

Technical Drivers

As of the 16th of July 2024, Steelcase has the Risk Adjusted Performance of 0.0415, coefficient of variation of 1766.02, and Semi Deviation of 1.94. 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. Please validate Steelcase information ratio, as well as the relationship between the potential upside and kurtosis to decide if Steelcase is priced more or less accurately, providing market reflects its prevalent price of 13.53 per share. Given that Steelcase has jensen alpha of 0.0567, 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

Execute Study
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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.

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

8K
12th of July 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
11th of July 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
2nd of July 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
25th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
10Q
21st of June 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
8K
20th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
11th of June 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
29th of May 2024
Other Reports
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 ReportedProjected 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 PriceAdvice# of Analysts
10.88Strong Buy1Odds
Steelcase current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
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 Analyst Advice Details

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 Flow90.4 M
Long Term Debt446.3 M
Common Stock Shares Outstanding114.5 M
Total Stockholder Equity887.1 M
Tax Provision26 M
Quarterly Earnings Growth Y O Y8
Property Plant And Equipment Net521.5 M
Cash And Short Term Investments318.6 M
Cash318.6 M
Accounts Payable211.3 M
Net Debt311.4 M
50 Day M A12.956
Total Current Liabilities607.1 M
Other Operating ExpensesB
Non Current Assets Total1.3 B
Forward Price Earnings13.245
Non Currrent Assets Other207.6 M
Stock Based Compensation26 M

Additional 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.