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STEELCASE INC-CL A (SCS) Stock Fundamental Analysis

NYSE:SCS - New York Stock Exchange, Inc. - US8581552036 - Common Stock - Currency: USD

11.37  +0.35 (+3.18%)

Fundamental Rating

5

Taking everything into account, SCS scores 5 out of 10 in our fundamental rating. SCS was compared to 83 industry peers in the Commercial Services & Supplies industry. Both the profitability and the financial health of SCS get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on SCS. This makes SCS very considerable for value investing!


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

In the past year SCS was profitable.
In the past year SCS had a positive cash flow from operations.
SCS had positive earnings in each of the past 5 years.
Of the past 5 years SCS 4 years had a positive operating cash flow.
SCS Yearly Net Income VS EBIT VS OCF VS FCFSCS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M 300M

1.2 Ratios

Looking at the Return On Assets, with a value of 5.01%, SCS is in the better half of the industry, outperforming 65.06% of the companies in the same industry.
SCS has a better Return On Equity (12.27%) than 69.88% of its industry peers.
SCS has a better Return On Invested Capital (8.42%) than 66.27% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SCS is significantly below the industry average of 11.67%.
The last Return On Invested Capital (8.42%) for SCS is above the 3 year average (6.65%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 5.01%
ROE 12.27%
ROIC 8.42%
ROA(3y)3.35%
ROA(5y)2.26%
ROE(3y)8.39%
ROE(5y)5.66%
ROIC(3y)6.65%
ROIC(5y)4.99%
SCS Yearly ROA, ROE, ROICSCS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

SCS's Profit Margin of 3.69% is in line compared to the rest of the industry. SCS outperforms 57.83% of its industry peers.
In the last couple of years the Profit Margin of SCS has declined.
SCS has a Operating Margin of 5.33%. This is comparable to the rest of the industry: SCS outperforms 48.19% of its industry peers.
SCS's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 33.38%, SCS is in line with its industry, outperforming 51.81% of the companies in the same industry.
In the last couple of years the Gross Margin of SCS has remained more or less at the same level.
Industry RankSector Rank
OM 5.33%
PM (TTM) 3.69%
GM 33.38%
OM growth 3Y94.51%
OM growth 5Y-5.06%
PM growth 3Y197.03%
PM growth 5Y-6.86%
GM growth 3Y6.72%
GM growth 5Y0.45%
SCS Yearly Profit, Operating, Gross MarginsSCS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SCS is destroying value.
SCS has less shares outstanding than it did 1 year ago.
SCS has less shares outstanding than it did 5 years ago.
The debt/assets ratio for SCS has been reduced compared to a year ago.
SCS Yearly Shares OutstandingSCS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
SCS Yearly Total Debt VS Total AssetsSCS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

SCS has an Altman-Z score of 2.93. This is not the best score and indicates that SCS is in the grey zone with still only limited risk for bankruptcy at the moment.
SCS's Altman-Z score of 2.93 is in line compared to the rest of the industry. SCS outperforms 59.04% of its industry peers.
SCS has a debt to FCF ratio of 4.41. This is a neutral value as SCS would need 4.41 years to pay back of all of its debts.
SCS has a better Debt to FCF ratio (4.41) than 68.67% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that SCS is not too dependend on debt financing.
The Debt to Equity ratio of SCS (0.47) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 4.41
Altman-Z 2.93
ROIC/WACC0.86
WACC9.84%
SCS Yearly LT Debt VS Equity VS FCFSCS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

2.3 Liquidity

SCS has a Current Ratio of 1.54. This is a normal value and indicates that SCS is financially healthy and should not expect problems in meeting its short term obligations.
SCS has a Current ratio (1.54) which is comparable to the rest of the industry.
A Quick Ratio of 1.17 indicates that SCS should not have too much problems paying its short term obligations.
SCS has a Quick ratio of 1.17. This is in the lower half of the industry: SCS underperforms 61.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.54
Quick Ratio 1.17
SCS Yearly Current Assets VS Current LiabilitesSCS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 15.00% over the past year.
Measured over the past years, SCS shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.84% on average per year.
The Revenue has been growing slightly by 0.20% in the past year.
The Revenue has been decreasing by -3.19% on average over the past years.
EPS 1Y (TTM)15%
EPS 3Y233.22%
EPS 5Y-5.84%
EPS Q2Q%25%
Revenue 1Y (TTM)0.2%
Revenue growth 3Y4.52%
Revenue growth 5Y-3.19%
Sales Q2Q%7.11%

3.2 Future

The Earnings Per Share is expected to grow by 7.78% on average over the next years.
SCS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.74% yearly.
EPS Next Y-3.25%
EPS Next 2Y7.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year3.38%
Revenue Next 2Y3.74%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SCS Yearly Revenue VS EstimatesSCS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
SCS Yearly EPS VS EstimatesSCS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1

7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 9.89, the valuation of SCS can be described as very reasonable.
Based on the Price/Earnings ratio, SCS is valued cheaper than 87.95% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.21, SCS is valued rather cheaply.
With a Price/Forward Earnings ratio of 8.82, the valuation of SCS can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SCS indicates a rather cheap valuation: SCS is cheaper than 92.77% of the companies listed in the same industry.
SCS is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.70, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.89
Fwd PE 8.82
SCS Price Earnings VS Forward Price EarningsSCS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SCS is valued cheaply inside the industry as 91.57% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, SCS is valued cheaply inside the industry as 81.93% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.85
EV/EBITDA 5.13
SCS Per share dataSCS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.78%
EPS Next 3YN/A

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.84%, SCS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.46, SCS pays a better dividend. On top of this SCS pays more dividend than 89.16% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, SCS pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.84%

5.2 History

The dividend of SCS decreases each year by -6.70%.
SCS has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of SCS decreased recently.
Dividend Growth(5Y)-6.7%
Div Incr Years1
Div Non Decr Years1
SCS Yearly Dividends per shareSCS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

SCS pays out 40.75% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP40.75%
EPS Next 2Y7.78%
EPS Next 3YN/A
SCS Yearly Income VS Free CF VS DividendSCS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M
SCS Dividend Payout.SCS Dividend Payout, showing the Payout Ratio.SCS Dividend Payout.PayoutRetained Earnings

STEELCASE INC-CL A

NYSE:SCS (7/2/2025, 2:24:06 PM)

11.37

+0.35 (+3.18%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)06-25 2025-06-25/amc
Earnings (Next)09-16 2025-09-16/amc
Inst Owners97.08%
Inst Owner Change4.49%
Ins Owners2.29%
Ins Owner Change9.41%
Market Cap1.30B
Analysts80
Price Target16.83 (48.02%)
Short Float %3.11%
Short Ratio3.24
Dividend
Industry RankSector Rank
Dividend Yield 3.84%
Yearly Dividend0.42
Dividend Growth(5Y)-6.7%
DP40.75%
Div Incr Years1
Div Non Decr Years1
Ex-Date07-07 2025-07-07 (0.1)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)30.29%
Min EPS beat(2)25.57%
Max EPS beat(2)35.01%
EPS beat(4)4
Avg EPS beat(4)30.67%
Min EPS beat(4)3.66%
Max EPS beat(4)58.42%
EPS beat(8)8
Avg EPS beat(8)104.09%
EPS beat(12)12
Avg EPS beat(12)87.47%
EPS beat(16)13
Avg EPS beat(16)28.53%
Revenue beat(2)0
Avg Revenue beat(2)-0.94%
Min Revenue beat(2)-1.69%
Max Revenue beat(2)-0.18%
Revenue beat(4)0
Avg Revenue beat(4)-1.26%
Min Revenue beat(4)-1.94%
Max Revenue beat(4)-0.18%
Revenue beat(8)2
Avg Revenue beat(8)-0.53%
Revenue beat(12)4
Avg Revenue beat(12)0.19%
Revenue beat(16)4
Avg Revenue beat(16)-0.62%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)24.03%
EPS NY rev (1m)0%
EPS NY rev (3m)-2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.17%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.17%
Valuation
Industry RankSector Rank
PE 9.89
Fwd PE 8.82
P/S 0.41
P/FCF 12.85
P/OCF 8.78
P/B 1.37
P/tB 2.17
EV/EBITDA 5.13
EPS(TTM)1.15
EY10.11%
EPS(NY)1.29
Fwd EY11.34%
FCF(TTM)0.88
FCFY7.78%
OCF(TTM)1.3
OCFY11.39%
SpS27.62
BVpS8.3
TBVpS5.24
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.01%
ROE 12.27%
ROCE 10.17%
ROIC 8.42%
ROICexc 10.99%
ROICexgc 15.16%
OM 5.33%
PM (TTM) 3.69%
GM 33.38%
FCFM 3.2%
ROA(3y)3.35%
ROA(5y)2.26%
ROE(3y)8.39%
ROE(5y)5.66%
ROIC(3y)6.65%
ROIC(5y)4.99%
ROICexc(3y)8.17%
ROICexc(5y)6.22%
ROICexgc(3y)11.25%
ROICexgc(5y)8.46%
ROCE(3y)8.02%
ROCE(5y)6.02%
ROICexcg growth 3Y119.71%
ROICexcg growth 5Y-6.65%
ROICexc growth 3Y114.39%
ROICexc growth 5Y-7.23%
OM growth 3Y94.51%
OM growth 5Y-5.06%
PM growth 3Y197.03%
PM growth 5Y-6.86%
GM growth 3Y6.72%
GM growth 5Y0.45%
F-Score7
Asset Turnover1.36
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 4.41
Debt/EBITDA 1.79
Cap/Depr 58.29%
Cap/Sales 1.49%
Interest Coverage 7.31
Cash Conversion 59.47%
Profit Quality 86.82%
Current Ratio 1.54
Quick Ratio 1.17
Altman-Z 2.93
F-Score7
WACC9.84%
ROIC/WACC0.86
Cap/Depr(3y)60.1%
Cap/Depr(5y)60.3%
Cap/Sales(3y)1.6%
Cap/Sales(5y)1.72%
Profit Quality(3y)170.46%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15%
EPS 3Y233.22%
EPS 5Y-5.84%
EPS Q2Q%25%
EPS Next Y-3.25%
EPS Next 2Y7.78%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.2%
Revenue growth 3Y4.52%
Revenue growth 5Y-3.19%
Sales Q2Q%7.11%
Revenue Next Year3.38%
Revenue Next 2Y3.74%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y20.38%
EBIT growth 3Y103.3%
EBIT growth 5Y-8.09%
EBIT Next Year55.88%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-61.24%
FCF growth 3YN/A
FCF growth 5Y-18.81%
OCF growth 1Y-51.89%
OCF growth 3YN/A
OCF growth 5Y-16.27%