Steelcase Stock Today

SCS Stock  USD 13.08  0.21  1.63%   

Performance

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Odds Of Distress

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Steelcase is selling for under 13.08 as of the 28th of March 2024; that is 1.63 percent up since the beginning of the trading day. The stock's lowest day price was 12.55. Steelcase has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Steelcase are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Commercial & Professional Services
IPO Date
19th of February 1998
Category
Industrials
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. The company has 93.87 M outstanding shares of which 3.16 M shares are at this time shorted by investors with about 4.54 days to cover. More on Steelcase

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Steelcase Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Steelcase's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Steelcase or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOJames Keane
Thematic IdeaBusiness Supplies (View all Themes)
Old Names[GPO SOARES DA COSTA, GPO SOARES DA COSTA, SDC Investimentos S.A, GPO SOARES DA COSTA - Frankfurt Stock Exchang]
Business ConcentrationCommercial Services & Supplies, Commercial & Professional Services, Industrials, NYSE Composite, Business Supplies, Industrials, Commercial Services & Supplies, Business Equipment & Supplies, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Steelcase report their recommendations after researching Steelcase's financial statements, talking to executives and customers, or listening in on Steelcase's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Steelcase. The Steelcase consensus assessment is calculated by taking the average forecast from all of the analysts covering Steelcase.
Financial Strength
Based on the measurements of operating efficiency obtained from Steelcase's historical financial statements, Steelcase may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Steelcase is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.02620.0363
Way Down
Pretty Stable
Asset Turnover1.121.4126
Significantly Down
Slightly volatile
Gross Profit Margin0.350.3218
Significantly Up
Very volatile
Total Current Liabilities471.9 M607.1 M
Significantly Down
Slightly volatile
Non Current Liabilities Total615.6 M742.5 M
Significantly Down
Slightly volatile
Total Assets1.7 B2.2 B
Significantly Down
Slightly volatile
Total Current AssetsB959.4 M
Notably Up
Slightly volatile
Steelcase's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Steelcase's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Steelcase's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Steelcase's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Steelcase's financial leverage. It provides some insight into what part of Steelcase's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Steelcase's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Steelcase deploys its capital and how much of that capital is borrowed.
Liquidity
Steelcase cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 630 M in debt with debt to equity (D/E) ratio of 0.97, which is OK given its current industry classification. Steelcase has a current ratio of 1.28, demonstrating that it may have difficulties to pay its financial commitments when the payables are due. Debt can assist Steelcase until it has trouble settling it off, either with new capital or with free cash flow. So, Steelcase's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Steelcase sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Steelcase to invest in growth at high rates of return. When we think about Steelcase's use of debt, we should always consider it together with cash and equity.

Dividends Paid

(45.22 Million)
Steelcase (SCS) is traded on New York Stock Exchange in USA. It is located in 901 44th Street SE, Grand Rapids, MI, United States, 49508 and employs 11,300 people. Steelcase is listed under Commercial Services & Supplies category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.45 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 runs under Commercial Services & Supplies sector within Industrials industry. The entity has 93.87 M outstanding shares of which 3.16 M shares are at this time shorted by investors with about 4.54 days to cover. Steelcase has about 90.4 M in cash with 308.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.46.
Check Steelcase Probability Of Bankruptcy
Ownership Allocation
Steelcase maintains a total of 93.87 Million outstanding shares. The majority of Steelcase outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Steelcase to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Steelcase. Please pay attention to any change in the institutional holdings of Steelcase as this could imply that something significant has changed or is about to change at the company. Also note that roughly five million six hundred thirty-two thousand thirty-eight invesors are currently shorting Steelcase expressing very little confidence in its future performance.
Check Steelcase Ownership Details

Steelcase Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Steelcase jumping above the current price in 90 days from now is about 32.73%. The Steelcase probability density function shows the probability of Steelcase stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.8163. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Steelcase will likely underperform. Additionally, steelcase has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 13.08HorizonTargetOdds Above 13.08
66.92%90 days
 13.08 
32.73%
Based on a normal probability distribution, the odds of Steelcase to move above the current price in 90 days from now is about 32.73 (This Steelcase probability density function shows the probability of Steelcase Stock to fall within a particular range of prices over 90 days) .

Steelcase Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Steelcase that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Steelcase's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Steelcase's value.
InstituionRecorded OnShares
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
View Steelcase Diagnostics

Steelcase Historical Income Statement

Steelcase Income Statement is one of the three primary financial statements used for reporting Steelcase's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Steelcase revenue and expense. Steelcase Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Steelcase's Interest Income is comparatively stable compared to the past year. Reconciled Depreciation is likely to gain to about 90.1 M in 2024, whereas Interest Expense is likely to drop slightly above 19.3 M in 2024. View More Fundamentals

Steelcase Stock Against Markets

Picking the right benchmark for Steelcase stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Steelcase stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Steelcase is critical whether you are bullish or bearish towards Steelcase at a given time. Please also check how Steelcase's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Steelcase without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Steelcase Corporate Directors

Steelcase corporate directors refer to members of a Steelcase board of directors. The board of directors generally takes responsibility for the Steelcase's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Steelcase's board members must vote for the resolution. The Steelcase board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Todd KelseyIndependent DirectorProfile
Peter WegeIndependent DirectorProfile
Catherine SchmetlerIndependent DirectorProfile
Craig WelchIndependent DirectorProfile

How to buy Steelcase Stock?

Before investing in Steelcase, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Steelcase. To buy Steelcase stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Steelcase. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Steelcase stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Steelcase stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Steelcase stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Steelcase, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.

Already Invested in Steelcase?

The danger of trading Steelcase is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Steelcase is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Steelcase. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Steelcase is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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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
0.431
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.