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steelcase inc. - SCS

SCS

Close Chg Chg %
13.06 0.16 1.19%

Open Market

13.22

+0.16 (1.19%)

Volume: 207.89K

Last Updated:

Nov 21, 2024, 1:26 PM EDT

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Company Overview: steelcase inc. - SCS

SCS Key Data

Open

$13.11

 Day Range

12.95 - 13.24

52 Week Range

11.56 - 14.73

 Market Cap

$1.49B

Shares Outstanding

113.97M

 Public Float

84.66M

Beta

1.33

 Rev. Per Employee

N/A

P/E Ratio

12.43

 EPS

$1.06

Yield

306.04%

 Dividend

$0.10

EX-DIVIDEND DATE

Sep 30, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

476.25K

  

SCS Performance

1 Week
 
 -1.21%
 
1 Month
 
 4.48%
 
3 Months
 
 -6.24%
 
1 Year
 
 8.74%
 
5 Years
 
 -27.11%
 

SCS Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 2
Full Ratings ➔

About steelcase inc. - SCS

Steelcase, Inc. engages in the manufacture and distribution of office environments. It operates through the following segments: Americas, EMEA, and Other. The Americas segment serves customers in the US, Canada, the Caribbean Islands, and Latin America through the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System, and Viccarbe brands. The EMEA segment provides service to customers in Europe, the Middle East, and Africa under the Steelcase, Coalesse, Orangebox and Viccarbe brands. The Other segment includes Asia Pacific and Designtex. The company was founded by Peter Martin Wege, Walter D. Idema, and David Hunting on March 14, 1912 and is headquartered in Grand Rapids, MI.

SCS At a Glance

Steelcase, Inc.
901 44th Street South East
Grand Rapids, Michigan 49508-7594
Phone 1-616-247-2710 Revenue 3.16B
Industry Office Equipment/Supplies Net Income 78.00M
Sector Producer Manufacturing Employees 11,300
Fiscal Year-end 02 / 2025
View SEC Filings

SCS Valuation

P/E Current 12.425
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 18.79
Price to Sales Ratio 0.464
Price to Book Ratio 1.648
Price to Cash Flow Ratio 4.748
Enterprise Value to EBITDA 8.092
Enterprise Value to Sales 0.562
Total Debt to Enterprise Value 0.355

SCS Efficiency

Revenue/Employee 279,610.619
Income Per Employee 6,902.655
Receivables Turnover 9.033
Total Asset Turnover 1.423

SCS Liquidity

Current Ratio 1.58
Quick Ratio 1.20
Cash Ratio 0.525

SCS Profitability

Gross Margin 32.074
Operating Margin 4.304
Pretax Margin 3.39
Net Margin 2.469
Return on Assets 3.514
Return on Equity 9.105
Return on Total Capital 5.141
Return on Invested Capital 5.354

SCS Capital Structure

Total Debt to Total Equity 71.018
Total Debt to Total Capital 41.527
Total Debt to Total Assets 28.166
Long-Term Debt to Equity 65.934
Long-Term Debt to Total Capital 38.554
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Steelcase Inc. - SCS

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
2.60B 2.77B 3.23B 3.16B
Sales Growth
-30.28% +6.80% +16.59% -2.26%
Cost of Goods Sold (COGS) incl D&A
1.82B 2.01B 2.31B 2.15B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
85.20M 83.20M 90.00M 83.60M
Depreciation
68.90M 68.40M 67.20M 66.40M
Amortization of Intangibles
16.30M 14.80M 22.80M 17.20M
COGS Growth
-27.38% +10.36% +14.99% -7.22%
Gross Income
773.30M 760.90M 919.30M 1.01B
Gross Income Growth
-36.27% -1.60% +20.82% +10.24%
Gross Profit Margin
+29.79% +27.44% +28.44% +32.07%
2021 2022 2023 2024 5-year trend
SG&A Expense
684.10M 757.10M 850.70M 877.40M
Research & Development
48.10M 45.40M 44.40M 48.20M
Other SG&A
636.00M 711.70M 806.30M 829.20M
SGA Growth
-28.69% +10.67% +12.36% +3.14%
Other Operating Expense
- - - -
-
Unusual Expense
45.40M (700.00K) 17.10M 18.70M
EBIT after Unusual Expense
43.80M 4.50M 51.50M 117.30M
Non Operating Income/Expense
9.20M 21.50M 27.20M 15.70M
Non-Operating Interest Income
1.40M 600.00K 1.00M 6.50M
Equity in Earnings of Affiliates
9.30M 8.00M 12.50M 13.50M
Interest Expense
27.10M 24.40M 27.10M 25.90M
Interest Expense Growth
+4.23% -9.96% +11.07% -4.43%
Gross Interest Expense
27.10M 24.40M 27.10M 25.90M
Interest Capitalized
- - - -
-
Pretax Income
25.90M 1.60M 51.60M 107.10M
Pretax Income Growth
-89.44% -93.82% +3,125.00% +107.56%
Pretax Margin
+1.00% +0.06% +1.60% +3.39%
Income Tax
(200.00K) (2.40M) 16.30M 26.00M
Income Tax - Current - Domestic
(28.50M) 1.00M 2.10M 10.10M
Income Tax - Current - Foreign
12.90M 10.00M 14.90M 14.90M
Income Tax - Deferred - Domestic
12.60M (15.30M) (900.00K) (1.90M)
Income Tax - Deferred - Foreign
2.80M 1.90M 200.00K 2.90M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
9.30M 8.00M 12.50M 13.50M
Other After Tax Income (Expense)
(600.00K) (100.00K) (1.30M) (3.10M)
Consolidated Net Income
25.50M 3.90M 34.00M 78.00M
Minority Interest Expense
- - - -
-
Net Income
25.50M 3.90M 34.00M 78.00M
Net Income Growth
-86.98% -84.71% +771.79% +129.41%
Net Margin Growth
+0.98% +0.14% +1.05% +2.47%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
25.50M 3.90M 34.00M 78.00M
Preferred Dividends
- - - -
-
Net Income Available to Common
25.50M 3.90M 34.00M 78.00M
EPS (Basic)
0.2219 0.0343 0.3014 0.6842
EPS (Basic) Growth
-86.71% -84.54% +778.72% +127.01%
Basic Shares Outstanding
114.90M 113.80M 112.80M 114.00M
EPS (Diluted)
0.2214 0.0342 0.3004 0.6812
EPS (Diluted) Growth
-86.67% -84.55% +778.36% +126.76%
Diluted Shares Outstanding
115.20M 114.20M 113.20M 114.50M
EBITDA
174.40M 87.00M 158.60M 219.60M
EBITDA Growth
-48.66% -50.11% +82.30% +38.46%
EBITDA Margin
+6.72% +3.14% +4.91% +6.95%

Snapshot

Average Recommendation BUY Average Target Price 17.00
Number of Ratings 2 Current Quarters Estimate 0.224
FY Report Date 11 / 2024 Current Year's Estimate 0.992
Last Quarter’s Earnings 0.39 Median PE on CY Estimate N/A
Year Ago Earnings 0.93 Next Fiscal Year Estimate 1.132
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 5 5 5 5
Mean Estimate 0.22 0.22 0.99 1.13
High Estimates 0.23 0.24 1.02 1.19
Low Estimate 0.22 0.20 0.97 1.10
Coefficient of Variance 2.45 8.06 1.94 3.33

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 2 2 1
OVERWEIGHT 0 0 0
HOLD 0 0 0
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Buy Buy Buy

Insider Actions for Steelcase Inc. - SCS

Date Name Shares Transaction Value
Nov 8, 2024 Robert C. Pew Director 290,025 Conversion of derivative security 0.00
Sep 13, 2024 Linda K. Williams Director 50,170 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Connie Kadrovach Duckworth Director 122,838 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Jennifer C. Niemann Director 54,555 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Sanjay Gupta Director 31,604 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Sep 13, 2024 Todd P. Kelsey Director 38,987 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jul 26, 2024 David C. Sylvester SVP, Chief Financial Officer 551,592 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $13.84 per share 7,634,033.28
Jul 26, 2024 David C. Sylvester SVP, Chief Financial Officer 549,776 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $13.76 per share 7,564,917.76
Jul 23, 2024 Nicole Cherie McGrath VP, Corp Controller and CAO 34,202 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $13.93 per share 476,433.86
Jul 3, 2024 Donna K. Flynn VP, Chief People Officer 73,733 Bona fide gift 0.00
Jun 12, 2024 Peter M. Wege Director 191,730 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 12, 2024 Kate Pew Wolters Director 232,883 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 17, 2024 Sara E. Armbruster President and CEO; Director 770,773 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $11.99 per share 9,241,568.27
Apr 12, 2024 Robert G. Krestakos VP, Chief Operations Officer 123,481 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 12, 2024 Allan W. Smith SVP, Pres, Americas and CPO 255,187 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 12, 2024 Lizbeth S. O'Shaughnessy SVP, CAO, GC and Secretary 339,475 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Apr 12, 2024 Steven Douglas Miller VP, Chief Technology Officer 80,501 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00

Steelcase Inc. in the News