Steelcase Inc Intrinsic Value Calculation – Steelcase Shares Undervalued Despite Positive EPS Forecasts

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The company’s stock appears to be undervalued relative to its forward earnings per share estimates. This is despite the fact that the company has seen a consistent trend of positive earnings per share in recent years. Analysts have noted that Steelcase’s stock is trading well below its intrinsic value and has significant potential to offer investors a good return on their investments. This is largely due to the company’s strong financial performance, as evidenced by its increased sales and earnings growth. Moreover, the company has been able to maintain a steady cash flow and has a strong balance sheet in spite of the current economic uncertainty. Steelcase has also been successful in its focus on innovation.

The company has invested heavily in research and development, and its products have been well received by the market. This has allowed the company to increase its market share and gain a competitive edge in the industry. Overall, Steelcase Inc ($NYSE:SCS). shares appear to be undervalued and present an opportunity for investors looking to gain from long-term growth and capital appreciation. Given the company’s strong financials, competitive edge, and innovative products, it is likely that Steelcase’s stock will continue to be a good investment for those seeking to benefit from an undervalued asset.

Stock Price

Steelcase Inc., a leading office furniture manufacturer, has seen steady positive results recently, with analysts predicting continued growth. On Wednesday, the company’s stock opened at $8.4 and closed at $8.5, up by 1.3% from its prior closing price of $8.4. This moderate uptick in stock prices is despite the overwhelmingly positive forecasts for Steelcase Inc.’s earnings per share (EPS).

This suggests that the stock is currently undervalued, and may be worth further investigation by investors. With an increase in demand for office furniture and anticipated growth in the industry, investors may find it worth investing in a company that has already demonstrated positive returns. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Steelcase Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Steelcase Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Steelcase Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Steelcase Inc are shown below. More…

Analysis – Steelcase Inc Intrinsic Value Calculation

At GoodWhale, we have conducted an in-depth analysis of STEELCASE INC‘s financials. After carefully assessing numerous factors, we’ve determined that the intrinsic value of STEELCASE INC’s stock is around $13.0. This estimation was calculated through our proprietary Valuation Line. Currently, STEELCASE INC is trading at $8.5, which shows that the stock is undervalued by 34.6%. We encourage investors to take advantage of this opportunity and buy STEELCASE INC’s stock at a discounted price. 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 attractive investment opportunity based on its current forward earnings per share (EPS) estimates. Analysts forecast strong EPS growth over the next year, making the stock attractive to investors looking for long-term value. Steelcase also boasts a healthy balance sheet, with total assets exceeding total liabilities.

In addition, Steelcase is well-positioned to benefit from a recovering economy in the near future. These factors, combined with a discounted stock price, make Steelcase Inc a compelling investment opportunity today.