SCS - Steelcase Inc Stock Price, Fair Value and News

12.05USD-0.24 (-1.95%)Delayed as of 30 Apr 2024, 01:06 pm ET

Market Summary

USD12.05-0.24

Delayedas of 30 Apr 2024, 01:06 pm

-1.95%

SCS Alerts

Big jump in Earnings (Y/Y)

SCS Stock Price

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SCS RSI Chart

SCS Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

17.31

Price/Sales (Trailing)

0.44

EV/EBITDA

7.04

Price/Free Cashflow

5.37

SCS Price/Sales (Trailing)

SCS Profitability

Operating Margin

32.18%

EBT Margin

3.39%

Return on Equity

9.14%

Return on Assets

3.63%

Free Cashflow Yield

18.63%

SCS Fundamentals

SCS Revenue

Revenue (TTM)

3.2B

Rev. Growth (Yr)

-3.31%

Rev. Growth (Qtr)

-0.35%

SCS Earnings

Earnings (TTM)

81.1M

Earnings Growth (Yr)

35.67%

Earnings Growth (Qtr)

-30.84%

Breaking Down SCS Revenue

52 Week Range

6.3912.24

(Low)(High)

Last 7 days

0.9%

Last 30 days

-6.0%

Last 90 days

-7.0%

Trailing 12 Months

53.6%

How does SCS drawdown profile look like?

SCS Financial Health

Current Ratio

1.58

Debt/Equity

0.5

Debt/Cashflow

0.69

SCS Investor Care

Dividend Yield

3.25%

Dividend/Share (TTM)

0.4

Shares Dilution (1Y)

1.10%

Diluted EPS (TTM)

0.68

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	3.2B	0	0	0
2023	3.2B	3.2B	3.2B	3.2B
2022	2.8B	3.0B	3.1B	3.2B
2021	2.6B	2.7B	2.6B	2.7B
2020	3.7B	3.4B	3.2B	2.9B
2019	3.5B	3.5B	3.7B	3.7B
2018	3.1B	3.1B	3.2B	3.3B
2017	3.0B	3.0B	3.1B	3.1B
2016	3.1B	3.1B	3.0B	3.0B
2015	3.1B	3.0B	3.1B	3.1B
2014	3.0B	3.0B	3.1B	3.1B
2013	2.9B	2.9B	2.9B	2.9B
2012	2.7B	2.8B	2.8B	2.8B
2011	2.4B	2.5B	2.6B	2.7B
2010	2.3B	0	2.3B	2.4B

Get all data in R, Python etc through our Historical Stock Data APIs

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Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Which funds bought or sold SCS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 26, 2024	First Horizon Advisors, Inc.	added	0.94	-1,107	46,158	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-0.17	-432,684	12,218,400	-%
Apr 25, 2024	Lindbrook Capital, LLC	unchanged	-	-18.00	523	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	unchanged	-	-8,492	252,444	-%
Apr 25, 2024	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	added	1.22	-2,000	110,000	-%
Apr 24, 2024	Robeco Institutional Asset Management B.V.	added	178	1,675,420	2,661,660	0.01%
Apr 24, 2024	DekaBank Deutsche Girozentrale	new	-	141,000	141,000	-%
Apr 24, 2024	CENTRAL TRUST Co	unchanged	-	-68.00	2,028	-%
Apr 24, 2024	First Pacific Financial	new	-	131	131	-%
Apr 24, 2024	RITHOLTZ WEALTH MANAGEMENT	added	117	410,225	783,039	0.03%

Are Funds Buying or Selling SCS?

Are funds buying SCS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SCS

No. of Funds

SCS Alerts

Big jump in Earnings (Y/Y)

Unveiling Steelcase Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	welch p craig jr	4.99%	4,684,328	SC 13G/A
Feb 13, 2024	fifth third bancorp	12.69%	12,973,100	SC 13G/A
Feb 13, 2024	vanguard group inc	10.40%	9,765,893	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.1%	4,752,105	SC 13G/A
Feb 08, 2024	pzena investment management llc	8.4%	7,843,245	SC 13G
Jan 25, 2024	pew robert c iii	5.1%	5,003,510	SC 13G/A
Jan 25, 2024	wolters kate p	6.0%	5,984,174	SC 13G/A
Jan 24, 2024	blackrock inc.	9.5%	8,873,221	SC 13G/A
Nov 13, 2023	vanguard group inc	10.16%	9,516,334	SC 13G/A
Jun 12, 2023	earnest partners llc	3.0%	2,797,625	SC 13G/A

Recent SEC filings of Steelcase Inc

View All Filings

Date Filed	Form Type	Document
Apr 24, 2024	4	Insider Trading
Apr 16, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading

Peers (Alternatives to Steelcase Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CARR	54.5B	23.0B	7.88%	49.95%	40.62	2.37	9.35%	-48.07%
BLDR	22.9B	17.1B	-10.11%	97.81%	14.84	1.34	-24.77%	-43.97%
HUBB	21.8B	5.4B	-1.89%	51.19%	28.74	4.06	8.59%	39.18%
CSL	19.1B	4.8B	1.31%	83.92%	22.22	4.01	-11.35%	3.11%
LECO	12.8B	4.1B	-11.87%	34.17%	23.43	3.1	6.67%	16.79%
MID-CAP
AYI	7.8B	3.9B	-5.48%	61.39%	20.71	2.03	-6.35%	-0.40%
AAON	7.7B	1.2B	6.53%	43.66%	43.11	6.55	31.47%	76.96%
ATKR	6.7B	3.5B	-3.78%	44.99%	10.28	1.93	-10.84%	-25.77%
AEIS	3.6B	1.7B	-4.28%	12.86%	28.4	2.2	-10.27%	-35.75%
PLUG	1.6B	891.3M	-30.23%	-73.42%	-1.2	1.84	27.07%	-89.06%
SMALL-CAP
APOG	1.4B	1.4B	5.29%	46.45%	13.78	0.97	-1.65%	-4.32%
ACTG	488.5M	130.3M	-8.26%	27.01%	7.28	3.75	54.06%	153.62%
ACCO	467.0M	1.8B	-12.30%	7.42%	-21.42	0.25	-5.89%	-65.15%
FCEL	420.2M	103.0M	-21.85%	-50.53%	-4.6	4.08	-24.12%	24.29%
APT	69.7M	61.2M	-1.60%	52.36%	16.64	1.14	-1.21%	27.64%

Steelcase Inc News

Latest updates

Steelcase Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.3%	775	778	855	752	802	827	863	741	753	738	725	557	677	618	819	483	946	955	998	824	946
Cost Of Revenue	1.2%	532	526	570	516	562	588	613	548	557	535	518	402	-	-	-	-	-	-	-	-	-
Gross Profit	-4.0%	242	252	283	235	239	238	251	192	196	204	207	155	193	178	270	123	307	316	334	258	307
Operating Expenses	3.4%	214	207	236	221	207	208	221	201	194	188	173	187	186	169	172	157	238	241	248	231	236
EBITDA Margin	0.5%	0.07*	0.07*	0.06*	0.06*	0.05*	0.04*	0.04*	0.04*	0.04*	0.04*	0.04*	0.06*	0.05*	0.07*	0.09*	0.08*	0.10*	0.09*	0.08*	0.08*	0.08*
Interest Expenses	-1.6%	6.00	6.00	7.00	7.00	7.00	8.00	7.00	6.00	6.00	7.00	6.00	6.00	6.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	24.00
Income Taxes	-45.9%	5.00	10.00	10.00	1.00	9.00	5.00	7.00	-4.40	1.00	2.00	5.00	-10.70	-4.50	-6.30	27.00	-16.70	-1.30	19.00	22.00	6.00	6.00
Earnings Before Taxes	-34.5%	27.00	41.00	37.00	3.00	24.00	17.00	26.00	-15.80	-1.00	12.00	29.00	-38.80	2.00	-4.20	83.00	-54.80	65.00	74.00	82.00	24.00	28.00
EBT Margin	3.0%	0.03*	0.03*	0.03*	0.02*	0.02*	0.01*	0.01*	0.01*	0.00*	0.00*	0.00*	0.02*	0.01*	0.03*	0.05*	0.05*	0.07*	0.06*	0.05*	0.05*	0.05*
Net Income	-30.8%	21.00	31.00	28.00	2.00	16.00	11.00	20.00	-11.40	-2.20	10.00	25.00	-28.10	7.00	2.00	56.00	-38.10	67.00	55.00	61.00	18.00	67.00
Net Income Margin	8.3%	0.03*	0.02*	0.02*	0.01*	0.01*	0.01*	0.01*	0.01*	0.00*	0.00*	0.00*	0.01*	0.01*	0.03*	0.04*	0.04*	0.05*	0.05*	0.05*	0.05*	0.05*
Free Cashflow	-55.4%	48.00	107	107	-0.40	72.00	62.00	-34.60	-68.70	-58.70	-11.00	-11.40	-82.00	93.00	-96.20	130	-102	118	159	96.00	-85.80	61.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.5%	2,237	2,247	2,199	2,126	2,203	2,268	2,303	2,187	2,261	2,319	2,314	2,290	2,354	2,385	2,440	2,540	2,565	2,524	2,395	2,256	2,142
Current Assets	-1.0%	959	969	901	816	884	915	953	918	959	1,004	1,030	992	1,045	1,085	1,133	1,230	1,189	1,132	1,013	866	949
Cash Equivalents	24.4%	326	262	154	40.00	90.00	62.00	59.00	123	207	282	367	403	496	492	522	643	547	373	234	158	265
Inventory	-11.1%	231	260	271	307	320	379	397	372	326	286	233	228	194	235	218	247	215	248	243	241	225
Net PPE	-2.6%	353	362	365	373	377	405	405	383	393	395	402	412	411	415	418	417	426	446	447	450	456
Goodwill	0.0%	275	275	277	277	277	278	277	242	243	243	218	218	218	215	215	215	234	241	240	240	241
Liabilities	-1.6%	1,350	1,371	1,346	1,296	1,377	1,459	1,503	1,373	1,409	1,462	1,412	1,359	1,394	1,438	1,492	1,659	1,595	1,592	1,506	1,404	1,293
Current Liabilities	-3.7%	607	631	590	534	603	679	725	587	567	591	548	498	515	569	620	790	691	707	645	551	595
Long Term Debt	0.0%	446	446	446	446	446	446	445	445	477	478	478	479	479	480	481	481	481	482	482	482	483
LT Debt, Non Current	-100.0%	-	446	446	446	446	446	445	445	477	478	478	479	479	480	481	481	481	482	482	482	483
Shareholder's Equity	1.3%	887	876	853	829	826	810	799	814	852	857	901	930	961	948	948	881	970	932	889	852	850
Retained Earnings	1.0%	913	903	884	869	879	875	876	873	901	920	952	948	988	993	1,003	959	1,011	962	925	881	881
Additional Paid-In Capital	10.5%	41.00	37.00	35.00	30.00	19.00	16.00	14.00	10.00	2.00	-	-	21.00	13.00	4.00	2.00	-	28.00	26.00	27.00	26.00	16.00
Accumulated Depreciation	0.2%	1,119	1,117	1,114	1,101	1,089	1,110	1,086	1,087	1,089	1,085	1,081	1,080	1,063	1,040	1,024	993	978	998	981	1,016	1,009
Shares Outstanding	0.0%	114	114	114	114	113	113	113	113	112	112	114	116	115	115	115	115	117	117	117	117	117
Float	-	-	-	728	-	-	-	1,000	-	-	-	1,000	-	-	-	1,000	-	-	-	1,300	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-52.2%	57,400	120,100	119,900	11,300	88,000	75,800	-19,300	-55,100	-43,500	2,500	2,000	-63,600	102,000	-82,100	138,300	-93,400	142,000	176,000	113,800	-71,000	85,100
Share Based Compensation	78.8%	5,900	3,300	800	14,000	4,100	2,100	3,100	12,200	2,800	-1,800	1,900	13,100	10,200	-	1,500	8,000	2,600	2,100	2,300	9,500	2,500
Cashflow From Investing	140.4%	11,300	4,700	1,300	-11,200	-7,300	-12,200	-108,000	-7,300	-14,200	-44,800	6,500	-13,000	-12,800	-11,800	-3,300	-2,700	50,600	-16,500	-15,900	-13,700	-24,100
Cashflow From Financing	27.0%	-11,900	-16,300	-7,400	-50,300	-46,300	-59,900	64,000	-20,700	-18,500	-41,600	-43,100	-16,800	-11,200	-12,800	-257,500	193,700	-17,800	-21,400	-20,900	-21,800	148,800
Dividend Payments	-100.0%	-	11,800	11,800	12,100	11,700	11,600	16,900	17,100	16,700	16,700	17,100	12,100	11,700	11,700	11,700	8,400	17,200	17,400	17,200	17,300	16,000
Buy Backs	-100.0%	-	900	-	3,300	-	500	-	3,400	25,900	-23,100	23,400	4,300	-	400	-	42,300	-	2,800	1,900	4,000	100

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SCS Income Statement

2024-02-23

Consolidated Statements Of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements Of Income - USD ($) $ in Millions	Feb. 23, 2024	Feb. 24, 2023	Feb. 25, 2022
Revenue	$ 3,159.6	$ 3,232.6	$ 2,772.7
Cost of sales	2,142.8	2,310.7	2,011.2
Gross profit	1,012.4	919.4	761.5
Operating expenses	876.5	837.2	741.4
Operating income	117.8	65.5	20.1
Interest expense	(25.9)	(28.4)	(25.7)
Investment income	6.5	1.0	0.6
Other income, net	8.7	13.5	6.6
Income before income tax expense (benefit)	107.1	51.6	1.6
Income tax expense (benefit)	26.0	16.3	(2.4)
Net income	$ 81.1	$ 35.3	$ 4.0
Earnings per share:
Basic	$ 0.68	$ 0.30	$ 0.03
Diluted	$ 0.68	$ 0.30	$ 0.03
Cost of Sales [Member]
Cost of Sales - Restructuring costs	$ 4.4	$ 2.5	$ 0.0
Operating Expense [Member]
Operating Expenses - Restructuring costs	$ 18.1	$ 16.7	$ 0.0

SCS Balance Sheet

2024-02-23

Consolidated Balance Sheets - USD ($)
$ in Millions

Feb. 23, 2024

Feb. 24, 2023

ASSETS

Cash and cash equivalents

$ 318.6

$ 90.4

Accounts receivable, net of allowance of $6.2 and $6.5

338.3

373.3

Inventories, net

231.0

319.7

Prepaid expenses

31.9

28.9

Assets held for sale

0.0

29.0

Other current assets

39.6

42.7

Total current assets

959.4

884.0

Property, plant and equipment, net of accumulated depreciation of $1,119.2 and $1,088.6

352.9

376.5

Company-owned life insurance ("COLI")

166.9

157.3

Deferred income taxes

115.8

117.3

Goodwill

274.8

276.8

Other intangible assets, net of accumulated amortization of $115.0 and $97.6

94.6

111.2

Investments in unconsolidated affiliates

55.7

51.1

Right-of-use operating lease assets

168.6

198.3

Other assets

48.0

30.3

Total assets

2,236.7

2,202.8

LIABILITIES AND SHAREHOLDERS' EQUITY

Accounts payable

211.3

203.5

Short-term borrowings and current portion of long-term debt

^[1]

0.0

35.7

Current operating lease obligations

45.1

44.7

Employee compensation

166.1

120.0

Employee benefit plan obligations

39.9

31.2

Accrued promotions

19.4

26.7

Customer deposits

44.8

50.8

Other current liabilities

80.5

90.7

Total current liabilities

607.1

603.3

Long-term liabilities:

Long-term debt less current maturities

446.3

445.5

Employee benefit plan obligations

104.5

103.0

Long-term operating lease obligations

138.6

169.9

Other long-term liabilities

53.1

54.9

Total long-term liabilities

742.5

773.3

Total liabilities

1,349.6

1,376.6

Shareholders' equity:

Additional Paid in Capital

41.2

19.4

Accumulated other comprehensive income (loss)

(66.9)

(72.5)

Retained Earnings (Accumulated Deficit)

912.8

879.3

Total shareholders’ equity

887.1

826.2

Total liabilities and shareholders’ equity

2,236.7

2,202.8

Preferred Stock [Member]

Shareholders' equity:

Preferred stock-no par value; 50,000,000 shares authorized, none issued and outstanding

0.0

Class A common stock-no par value; 475,000,000 shares authorized, 93,935,016 and 92,574,308 issued and outstanding

Shareholders' equity:

Common stock

0.0

Class B common stock-no par value, convertible into Class A common stock on a one-for-one basis; 475,000,000 shares authorized, 20,292,356 and 20,414,413 issued and outstanding

Shareholders' equity:

Common stock

$ 0.0

[1]	The weighted-average interest rate for short-term borrowings and the current portion of long-term debt was 6.0% as ofFebruary 24, 2023. There were no short-term borrowings outstanding as of February 23, 2024.

About Steelcase Inc

Steelcase Inc. provides a portfolio of furniture and architectural products in the United States and internationally. It operates through Americas, EMEA, and Other segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, and mobile power and screens. Its seating products comprise task chairs; seating for collaborative environments and casual settings; and specialty seating for specific vertical markets, including education and healthcare. The company's interior architectural products comprise full and partial height walls and architectural pods. It also provides textiles, wall coverings, and surface imaging solutions for architects and designers; and workplace strategy consulting, lease origination, and furniture and asset management services. The company markets and sells its products to corporate, government, healthcare, education, and retail customers under the Steelcase, AMQ, Coalesse, HALCON, Orangebox, Smith System, Designtex, and Viccarbe 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 incorporated in 1912 and is headquartered in Grand Rapids, Michigan.

CEO	Ms. Sara E. Armbruster
WEBSITE	steelcase.com
INDUSTRY	Communication Equipment
EMPLOYEES	12000

Steelcase Inc Frequently Asked Questions

What is the ticker symbol for Steelcase Inc? What does SCS stand for in stocks?

SCS is the stock ticker symbol of Steelcase Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Steelcase Inc (SCS)?

As of Mon Apr 29 2024, market cap of Steelcase Inc is 1.4 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SCS stock?

You can check SCS's fair value in chart for subscribers.

What is the fair value of SCS stock?

You can check SCS's fair value in chart for subscribers. The fair value of Steelcase Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Steelcase Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SCS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Steelcase Inc a good stock to buy?

The fair value guage provides a quick view whether SCS is over valued or under valued. Whether Steelcase Inc is cheap or expensive depends on the assumptions which impact Steelcase Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SCS.

What is Steelcase Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 29 2024, SCS's PE ratio (Price to Earnings) is 17.31 and Price to Sales (PS) ratio is 0.44. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SCS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Steelcase Inc's stock?

In the past 10 years, Steelcase Inc has provided -0.001 (multiply by 100 for percentage) rate of return.