Is Investing in Steelcase Inc the Right Move for Your Portfolio?
October 27, 2023
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When it comes to investing, it is important to consider all available options before making a decision. Steelcase Inc ($NYSE:SCS) is one such company that could be a great addition to any portfolio. It designs and manufactures furniture for offices, hospitals, classrooms, and other environments. As the leading manufacturer of office furniture in North America, it is a well-known and respected brand in the industry. In terms of investing in the stock, Steelcase Inc is a safe bet with a solid track record. It has strong financials with healthy cash flow and return on equity. Additionally, analysts have stated that Steelcase Inc is well-positioned to benefit from the ongoing shift to remote work and digital transformation.
However, it is important to note that there are risks involved when investing in Steelcase Inc stock. The stock could be affected by economic downturns or external factors such as the pandemic.
Additionally, the company may face stiff competition from other players in the industry. As such, investors should do their due diligence before investing in Steelcase Inc stock. Overall, investing in Steelcase Inc stock could be a good option for those looking to diversify their portfolio and exposure to the office furniture industry. Its strong track record combined with its potential to benefit from the current shift to remote work make it a viable option for any investor.
Price History
On Monday, Steelcase Inc‘s stock opened at $10.5 and closed at $10.4, down by 0.7% from its previous closing price of $10.5. Steelcase Inc is a well established company with a long history of success, but like any other investment, there are always risks associated. The stock market can be volatile and unpredictable, so it’s important for investors to assess the potential risks and rewards before making an investment. There are many factors to consider such as financial statements, market trends, and industry conditions. Investing in Steelcase Inc can potentially be a lucrative move, but it’s important to do your research and consider all of the risks before investing. Investing in a company like Steelcase Inc can help diversify your portfolio and provide steady returns over time.
However, it is important to remember that past performance is not indicative of future success and that no stock is a guaranteed investment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Steelcase Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.24k | 54.8 | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Steelcase Inc. More…
| Operations | Investing | Financing |
| 295 | -29.4 | -163.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Steelcase Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.2k | 1.35k | 7.48 |
Key Ratios Snapshot
Some of the financial key ratios for Steelcase Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.3% | -15.8% | 3.4% |
| FCF Margin | ROE | ROA |
| 7.4% | 8.1% | 3.1% |
Analysis
At GoodWhale we have been analyzing the financials of STEELCASE INC. Our Star Chart classification puts them into the ‘rhino’ category, a type of company that has achieved moderate revenue or earnings growth. Therefore, this company may attract investors who are interested in a more stable and reliable investment. Looking at the overall health score of STEELCASE INC, we can see that they scored 8/10. This is a sign of robustness in their cashflows and debt, indicating that the company is capable of sustaining operations in the future, even during times of economic crisis. On a deeper level, we can see that STEELCASE INC is strong in dividend, medium in asset, profitability and weak in growth. However, this could also be an attractive offering for certain investors who are looking for long-term and reliable investments such as this one. More…
Peers
Founded in 1912, Steelcase Inc. has grown to become one of the largest and most successful office furniture manufacturers in the world. The company’s main competitors include Okamura Corp, AHB Holdings Bhd, and Kokuyo Co Ltd, all of which are global leaders in office furniture manufacturing. Steelcase Inc. offers a broad selection of products and services that meet the needs of businesses and organizations around the world.
– Okamura Corp ($TSE:7994)
Okamura Corp is a Japanese office furniture manufacturer and supplier. It has a market cap of 132.04B as of 2022, which places it among the largest companies in Japan and the world. Additionally, Okamura Corp has a Return on Equity (ROE) of 10.02%, indicating that it is a profitable and efficient company. This high ROE demonstrates that Okamura Corp is capable of generating a healthy return on its equity while providing quality products and services to its customers.
– AHB Holdings Bhd ($KLSE:7315)
AHB Holdings Bhd is a Malaysian-based investment holding company that provides a range of services including money lending, corporate finance, investment banking, and stockbroking. The company has a market cap of 52.61M as of 2022, making it a small-cap company. The Return on Equity (ROE) of AHB Holdings stands at -11.97%, indicating that the company is not generating enough profit to cover its cost of equity. This means that the company is not achieving the adequate return on its shareholders’ investments.
– Kokuyo Co Ltd ($TSE:7984)
Kokuyo Co Ltd is a Japanese stationery and office products company based in Tokyo, Japan. It has a market capitalization of 214.96B as of 2022 and a Return on Equity of 5.94%. This suggests that the company has been able to effectively utilize its assets and equity to generate profit. The company manufactures a wide range of office supplies, including stationery, paper products, desks, and furniture. It also produces environmental-friendly products such as recycle paper and eco-friendly ink. The company has a strong presence in Japan and other parts of Asia, with products being sold in more than 100 countries around the world.
Summary
Steelcase Inc. is an international office furniture manufacturer headquartered in Michigan, USA. It offers a range of furniture products, including seating, desks, tables, and storage. The company has a strong financial position, with a solid balance sheet and healthy cash flow. Its profitability has been increasing steadily over the past few years, and is expected to continue in the future.
Steelcase Inc. is currently trading at a discount to its peers, making it attractive for investors looking for value. Its dividend yield is above the industry average and has been growing steadily. Analysts believe Steelcase Inc. is a solid long term investment, offering strong returns and growth potential.
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