Steelcase Stock Buy Hold or Sell Recommendation

SCS Stock  USD 13.08  0.21  1.63%   
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Steelcase is 'Cautious Hold'. Macroaxis provides Steelcase buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding SCS positions. The advice algorithm takes into account all of Steelcase's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Steelcase's buy or sell advice are summarized below:
Real Value
13.01
Target Price
10.88
Hype Value
13.08
Market Value
13.08
Naive Value
12.91
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Steelcase given historical horizon and risk tolerance towards Steelcase. When Macroaxis issues a 'buy' or 'sell' recommendation for Steelcase, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Steelcase Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.
In addition, we conduct extensive research on individual companies such as Steelcase and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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.

Execute Steelcase Buy or Sell Advice

The Steelcase recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Steelcase. Macroaxis does not own or have any residual interests in Steelcase or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Steelcase's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell SteelcaseBuy Steelcase
Cautious Hold

Market Performance

Very WeakDetails

Volatility

Not too volatileDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Actively responds to the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

HoldDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Steelcase has a Mean Deviation of 1.48, Standard Deviation of 2.01 and Variance of 4.04
Our advice tool can cross-verify current analyst consensus on Steelcase and to analyze the firm potential to grow in the current economic cycle. To make sure Steelcase is not overpriced, please validate all Steelcase fundamentals, including its number of shares shorted, total debt, beta, as well as the relationship between the gross profit and short ratio . Given that Steelcase has a price to book of 1.68 X, we advise you to double-check Steelcase market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your current risk tolerance and investing horizon.

Steelcase Trading Alerts and Improvement Suggestions

Over 95.0% of the company shares are owned by institutional investors
Latest headline from finance.yahoo.com: Steelcase Inc. Is About To Go Ex-Dividend, And It Pays A 3.1 percent Yield

Steelcase Returns Distribution Density

The distribution of Steelcase's historical returns is an attempt to chart the uncertainty of Steelcase's future price movements. The chart of the probability distribution of Steelcase daily returns describes the distribution of returns around its average expected value. We use Steelcase price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Steelcase returns is essential to provide solid investment advice for Steelcase.
Mean Return
-0.06
Value At Risk
-4.01
Potential Upside
3.37
Standard Deviation
2.01
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Steelcase historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

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 originates 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 Partnership2023-12-31
1.8 M
Bank Of America Corp2023-12-31
1.8 M
American Century Companies Inc2023-12-31
1.5 M
Globeflex Capital, L.p.2023-12-31
1.4 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.2 M
Acadian Asset Management Llc2023-12-31
M
Jacobs Levy Equity Management, Inc.2023-09-30
966.5 K
Northern Trust Corp2023-12-31
958.5 K
Parkwood Llc2023-12-31
954.5 K
Vanguard Group Inc2023-12-31
9.8 M
Blackrock Inc2023-12-31
8.9 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 Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Steelcase or Commercial Services & Supplies sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Steelcase's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Steelcase stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
-0.3
β
Beta against NYSE Composite1.84
σ
Overall volatility
2.07
Ir
Information ratio -0.1

Steelcase Volatility Alert

Steelcase exhibits very low volatility with skewness of -0.04 and kurtosis of 1.15. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Steelcase's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Steelcase's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Steelcase Fundamentals Vs Peers

Comparing Steelcase's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Steelcase's direct or indirect competition across all of the common fundamentals between Steelcase and the related equities. This way, we can detect undervalued stocks with similar characteristics as Steelcase or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Steelcase's fundamental indicators could also be used in its relative valuation, which is a method of valuing Steelcase by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Steelcase to competition
FundamentalsSteelcasePeer Average
Return On Equity0.0947-0.31
Return On Asset0.0395-0.14
Profit Margin0.03 %(1.27) %
Operating Margin0.04 %(5.51) %
Current Valuation1.84 B16.62 B
Shares Outstanding93.87 M571.82 M
Shares Owned By Insiders11.80 %10.09 %
Shares Owned By Institutions94.52 %39.21 %
Number Of Shares Shorted3.16 M4.71 M
Price To Earning38.64 X28.72 X
Price To Book1.68 X9.51 X
Price To Sales0.47 X11.42 X
Revenue3.16 B9.43 B
Gross Profit921.9 M27.38 B
EBITDA223.9 M3.9 B
Net Income81.1 M570.98 M
Cash And Equivalents90.4 M2.7 B
Cash Per Share0.46 X5.01 X
Total Debt630 M5.32 B
Debt To Equity0.97 %48.70 %
Current Ratio1.31 X2.16 X
Book Value Per Share7.46 X1.93 K
Cash Flow From Operations308.7 M971.22 M
Short Ratio4.54 X4.00 X
Earnings Per Share0.63 X3.12 X
Price To Earnings To Growth1.41 X4.89 X
Target Price15.59
Number Of Employees11.3 K18.84 K
Beta1.33-0.15
Market Capitalization1.47 B19.03 B
Total Asset2.24 B29.47 B
Retained Earnings912.8 M9.33 B
Working Capital280.7 M1.48 B
Note: Acquisition by Linda Williams of 2573 shares of Steelcase subject to Rule 16b-3 [view details]

Steelcase Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Steelcase . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Steelcase Buy or Sell Advice

When is the right time to buy or sell Steelcase? Buying financial instruments such as Steelcase Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2021 2022 2023 2024 (projected)
Other Current Liabilities220.9M268.6M350.7M260.4M
Total Assets2.3B2.2B2.2B1.7B

Use Investing Ideas to Build Portfolios

In addition to having Steelcase in your portfolios, you can quickly 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 investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Cigarettes Thematic Idea Now

Cigarettes
Cigarettes Theme
Tobacco makers and distributors across globe. The Cigarettes theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Cigarettes Theme or any other thematic opportunities.
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When determining whether Steelcase is a strong investment it is important to analyze Steelcase's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Steelcase's future performance. For an informed investment choice regarding Steelcase Stock, refer to the following important reports:
Check out Steelcase Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
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 Money Managers module to screen money managers from public funds and ETFs managed around the world.

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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
0.431
Dividend Share
0.4
Earnings Share
0.63
Revenue Per Share
26.641
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.