SCS
Steelcase Inc. [SCS] Stock Forecast
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In the News
Why Steelcase Stock Popped 21.3% This Week
Steelcase delivered better-than-expected revenue and strong earnings growth with its latest quarter. Management credited the beat to pricing power and improved fulfillment patterns.
Steelcase (SCS) Is Up 4.25% in One Week: What You Should Know
Does Steelcase (SCS) have what it takes to be a top stock pick for momentum investors? Let's find out.
Why Steelcase (SCS) Might be Well Poised for a Surge
Steelcase (SCS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Why Steelcase Stock Jumped Today
Steelcase beat estimates on the top and bottom lines. Revenue growth is still challenged, but it's raising prices and expanding margins.
Here Is Why Bargain Hunters Would Love Fast-paced Mover Steelcase (SCS)
Steelcase (SCS) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Steelcase stocks gains on office furniture brand positive guidance
Steelcase Inc (NYSE:SCS) stock was up around 4% in Wednesday's early deals after the office furniture firm gave more upbeat outlook amidst the trend for ‘back to office' mandates across many business sectors in 2023. As more employers revert, either to full-time or hybrid office work, the company said it was “optimistic” of improving demand for its chairs, desk and office storage products.
Steelcase (SCS) Q2 Earnings and Revenues Beat Estimates
Steelcase (SCS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.21 per share a year ago.
Steelcase expects ‘significantly improved' profit, as more employees return to offices
Shares of Steelcase Inc. rallied after hours on Tuesday, after the office-furniture maker said it expects “significantly improved” profit as more employers order their workers back to the office.
3 Stocks to Avoid This Week
There are near-term concerns for Stitch Fix, Steelcase, and Carvana this week. Revenue declines continue at Stitch Fix, and it's still far from turning the corner of profitability.
Steelcase to Webcast Second Quarter Fiscal 2024 Conference Call
GRAND RAPIDS, Mich., Aug. 29, 2023 (GLOBE NEWSWIRE) -- Steelcase Inc. (NYSE: SCS) will webcast a discussion of its second quarter fiscal year 2024 financial results on Wednesday, September 20, 2023 at 8:30 a.m. ET. A link to the webcast will be available at http://ir.steelcase.com and a replay of the webcast will be available shortly after the call concludes. The news release detailing the financial results will be issued the previous day, September 19, 2023, after the market closes.
SCS Financial details
SCS Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-02-24
| Metric | History | 2019-02-22 | 2020-02-28 | 2021-02-26 | 2022-02-25 | 2023-02-24 |
|---|---|---|---|---|---|---|
| Revenue per share | 28.91 | 31.13 | 22.6 | 24.36 | 27.61 | |
| Net income per share | 1.06 | 1.67 | 0.23 | 0.04 | 0.3 | |
| Operating cash flow per share | 1.1 | 3.02 | 0.56 | -0.9 | 0.76 | |
| Free cash flow per share | 0.42 | 2.4 | 0.2 | -1.43 | 0.26 | |
| Cash per share | 2.19 | 4.52 | 4.26 | 1.77 | 0.77 | |
| Book value per share | 7.11 | 8.11 | 8.36 | 7.49 | 7.06 | |
| Tangible book value per share | 4.08 | 5.3 | 5.67 | 4.6 | 3.74 | |
| Share holders equity per share | 7.11 | 8.11 | 8.36 | 7.49 | 7.06 | |
| Interest debt per share | 4.4 | 6.43 | 6.56 | 6.46 | 6.18 | |
| Market cap | 2.09B | 1.94B | 1.6B | 1.41B | 919.24M | |
| Enterprise value | 2.32B | 2.14B | 1.84B | 1.92B | 1.52B | |
| P/E ratio | 16.59 | 9.71 | 61.37 | 352.5 | 26.04 | |
| Price to sales ratio | 0.61 | 0.52 | 0.62 | 0.51 | 0.28 | |
| POCF ratio | 15.93 | 5.38 | 24.72 | -13.74 | 10.28 | |
| PFCF ratio | 41.97 | 6.75 | 68.16 | -8.64 | 30.34 | |
| P/B Ratio | 2.47 | 2 | 1.67 | 1.65 | 1.11 | |
| PTB ratio | 2.47 | 2 | 1.67 | 1.65 | 1.11 | |
| EV to sales | 0.67 | 0.57 | 0.71 | 0.69 | 0.47 | |
| Enterprise value over EBITDA | 8.27 | 6.07 | 10.67 | 17.45 | 8.21 | |
| EV to operating cash flow | 17.65 | 5.93 | 28.38 | -18.69 | 17.05 | |
| EV to free cash flow | 46.5 | 7.45 | 78.26 | -11.76 | 50.32 | |
| Earnings yield | 0.06 | 0.1 | 0.02 | 0 | 0.04 | |
| Free cash flow yield | 0.02 | 0.15 | 0.01 | -0.12 | 0.03 | |
| Debt to equity | 0.58 | 0.76 | 0.76 | 0.83 | 0.84 | |
| Debt to assets | 0.23 | 0.29 | 0.31 | 0.31 | 0.32 | |
| Net debt to EBITDA | 0.81 | 0.57 | 1.38 | 4.62 | 3.26 | |
| Current ratio | 1.59 | 1.72 | 2.03 | 1.69 | 1.47 | |
| Interest coverage | 4.9 | 9.41 | 3.22 | 0.78 | 3.37 | |
| Income quality | 1.04 | 1.81 | 2.48 | -25.65 | 2.53 | |
| Dividend Yield | 0.03 | 0.04 | 0.03 | 0.04 | 0.06 | |
| Payout ratio | 0.51 | 0.35 | 1.67 | 15.65 | 1.62 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.17 | 0.13 | 0.13 | 0.15 | 0.18 | |
| Capex to operating cash flow | -0.62 | -0.2 | -0.64 | 0.59 | -0.66 | |
| Capex to revenue | -0.02 | -0.02 | -0.02 | -0.02 | -0.02 | |
| Capex to depreciation | -1 | -0.86 | -0.48 | -0.73 | -0.66 | |
| Stock based compensation to revenue | 0.01 | 0 | 0.01 | 0.01 | 0.01 | |
| Graham number | 13.01 | 17.46 | 6.54 | 2.43 | 6.92 | |
| ROIC | 0.11 | 0.11 | 0.05 | 0.03 | 0.04 | |
| Return on tangible assets | 0.07 | 0.09 | 0.01 | 0 | 0.02 | |
| Graham Net | -5.26 | -5.58 | -5.26 | -6.66 | -7.19 | |
| Working capital | 353.4M | 497.9M | 530.4M | 392M | 280.7M | |
| Tangible asset value | 486.4M | 633.9M | 652M | 523.9M | 438.2M | |
| Net current asset value | -344.1M | -406.2M | -348.1M | -449.6M | -492.6M | |
| Invested capital | 0.58 | 0.76 | 0.76 | 0.83 | 0.84 | |
| Average receivables | 345.3M | 381.35M | 321.35M | 326.2M | 380.35M | |
| Average payables | 232.15M | 242.75M | 212.8M | 212.45M | 223.55M | |
| Average inventory | 204.7M | 219.9M | 204.25M | 259.85M | 322.95M | |
| Days sales outstanding | 41.37 | 36.5 | 38 | 50.3 | 42.75 | |
| Days payables outstanding | 37.38 | 35.55 | 36.09 | 44.21 | 32.11 | |
| Days of inventory on hand | 34.84 | 31.28 | 38.52 | 59.2 | 50.45 | |
| Receivables turnover | 8.82 | 10 | 9.6 | 7.26 | 8.54 | |
| Payables turnover | 9.76 | 10.27 | 10.11 | 8.26 | 11.37 | |
| Inventory turnover | 10.48 | 11.67 | 9.47 | 6.17 | 7.24 | |
| ROE | 0.15 | 0.21 | 0.03 | 0 | 0.04 | |
| Capex per share | -0.68 | -0.61 | -0.36 | -0.53 | -0.5 |
Quarterly Fundamentals Overview
Last date of statement is 2023-08-31 for Q2
| Metric | History | 2022-08-26 | 2022-11-25 | 2023-02-24 | 2023-05-26 | 2023-08-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 7.37 | 7.33 | 6.83 | 6.38 | 7.19 | |
| Net income per share | 0.17 | 0.1 | 0.13 | 0.01 | 0.23 | |
| Operating cash flow per share | -0.16 | 0.67 | 0.75 | 0.1 | 0.41 | |
| Free cash flow per share | -0.3 | 0.55 | 0.61 | 0 | 0.3 | |
| Cash per share | 0.45 | 0.49 | 0.77 | 0.34 | 1.29 | |
| Book value per share | 6.82 | 7.18 | 7.04 | 7.03 | 7.18 | |
| Tangible book value per share | 3.41 | 3.67 | 3.73 | 3.77 | 14.86 | |
| Share holders equity per share | 6.82 | 7.18 | 7.04 | 7.03 | 7.18 | |
| Interest debt per share | 6.66 | 6.52 | 5.99 | 5.62 | 5.54 | |
| Market cap | 1.37B | 954.29M | 921.59M | 838.27M | 1.08B | |
| Enterprise value | 2.09B | 1.63B | 1.53B | 1.45B | 1.58B | |
| P/E ratio | 17.42 | 20.93 | 14.68 | 139.71 | 9.8 | |
| Price to sales ratio | 1.58 | 1.15 | 1.15 | 1.11 | 1.26 | |
| POCF ratio | -70.75 | 12.59 | 10.47 | 74.18 | 22.08 | |
| PFCF ratio | -39.46 | 15.42 | 12.85 | -2.1K | 29.77 | |
| P/B Ratio | 1.71 | 1.18 | 1.12 | 1.01 | 1.26 | |
| PTB ratio | 1.71 | 1.18 | 1.12 | 1.01 | 1.26 | |
| EV to sales | 2.42 | 1.97 | 1.9 | 1.93 | 1.84 | |
| Enterprise value over EBITDA | 36.41 | 28.74 | 26.42 | 40.28 | 38.42 | |
| EV to operating cash flow | -108.09 | 21.46 | 17.35 | 128.68 | 32.28 | |
| EV to free cash flow | -60.29 | 26.28 | 21.3 | -3.64K | 43.52 | |
| Earnings yield | 0.01 | 0.01 | 0.02 | 0 | 0.03 | |
| Free cash flow yield | -0.03 | 0.06 | 0.08 | 0 | 0.03 | |
| Debt to equity | 0.97 | 0.9 | 0.84 | 0.79 | 0.76 | |
| Debt to assets | 0.34 | 0.32 | 0.32 | 0.31 | 0.3 | |
| Net debt to EBITDA | 12.58 | 11.88 | 10.47 | 17.06 | 12.14 | |
| Current ratio | 1.31 | 1.35 | 1.47 | 1.53 | 2.93 | |
| Interest coverage | 4.01 | 4.36 | 3.99 | 2.38 | 6.21 | |
| Income quality | -0.98 | 6.65 | 5.61 | 7.53 | 1.77 | |
| Dividend Yield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Payout ratio | 0.86 | 1.02 | 0.75 | 8.07 | 0.43 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.17 | 0.17 | 0.18 | 0.18 | 0.17 | |
| Capex to operating cash flow | 0.79 | -0.18 | -0.19 | -1.04 | -0.26 | |
| Capex to revenue | -0.02 | -0.02 | -0.02 | -0.02 | -0.01 | |
| Capex to depreciation | -0.65 | -0.59 | -0.71 | -0.57 | -0.59 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0.02 | 0.01 | |
| Graham number | 5.07 | 4.04 | 4.6 | 1.42 | 6.12 | |
| ROIC | 0.01 | 0.01 | 0.01 | 0 | 0.02 | |
| Return on tangible assets | 0.01 | 0.01 | 0.01 | 0 | 0.02 | |
| Graham Net | -7.92 | -8 | -7.18 | -7.04 | 4.35 | |
| Working capital | 227.8M | 235.4M | 280.7M | 282.3M | 101.1M | |
| Tangible asset value | 399.4M | 414.4M | 438.2M | 444.6M | 1.77B | |
| Net current asset value | -550.3M | -544.3M | -492.6M | -480.5M | 101.1M | |
| Invested capital | 0.97 | 0.9 | 0.84 | 0.79 | 0.76 | |
| Average receivables | 399.1M | 424.6M | 397.5M | 370.95M | 368.1M | |
| Average payables | 265.55M | 262.1M | 226.75M | 209.4M | 221.15M | |
| Average inventory | 384.35M | 387.6M | 349.1M | 313.5M | 289.15M | |
| Days sales outstanding | 45.12 | 45.32 | 42.5 | 43.49 | 39.27 | |
| Days payables outstanding | 40.29 | 38.19 | 32.56 | 37.46 | 35.77 | |
| Days of inventory on hand | 58.29 | 57.83 | 51.15 | 53.46 | 42.7 | |
| Receivables turnover | 1.99 | 1.99 | 2.12 | 2.07 | 2.29 | |
| Payables turnover | 2.23 | 2.36 | 2.76 | 2.4 | 2.52 | |
| Inventory turnover | 1.54 | 1.56 | 1.76 | 1.68 | 2.11 | |
| ROE | 0.02 | 0.01 | 0.02 | 0 | 0.03 | |
| Capex per share | -0.13 | -0.12 | -0.14 | -0.1 | -0.11 |
SCS Frequently Asked Questions
What is Steelcase Inc. stock symbol ?
Steelcase Inc. is a US stock , located in Grand rapids of Mi and trading under the symbol SCS
What is Steelcase Inc. stock quote today ?
Steelcase Inc. stock price is $11.265 today.
Is Steelcase Inc. stock public?
Yes, Steelcase Inc. is a publicly traded company.
Company Profile
- Volume Average 823.58K
- Market Capitalization 1.26B
- Employee 12K
- CEO Ms. Sara E. Armbruster
- Headquarters Grand Rapids,MI,US
- IPO Date 1998-02-18
-
Website
https://www.steelcase.com 
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, Designtex, Coalesse, AMQ, Smith System, Orangebox, 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 founded in 1912 and is headquartered in Grand Rapids, Michigan.
