Steelcase Price To Book vs. Shares Owned By Institutions

SCS Stock  USD 13.10  0.06  0.46%   
Based on the measurements of profitability obtained from Steelcase's financial statements, Steelcase is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Steelcase's ability to earn profits and add value for shareholders. At this time, Steelcase's Price To Sales Ratio is comparatively stable compared to the past year. Days Sales Outstanding is likely to gain to 44.96 in 2024, whereas Operating Cash Flow Sales Ratio is likely to drop 0.07 in 2024. At this time, Steelcase's Income Tax Expense is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 209.7 M in 2024, whereas Operating Income is likely to drop slightly above 101.3 M in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.330.3204
Fairly Up
Slightly volatile
Net Profit Margin0.03890.0257
Way Up
Slightly volatile
Operating Profit Margin0.05930.0373
Way Up
Slightly volatile
Return On Assets0.06270.0363
Way Up
Slightly volatile
Return On Equity0.150.0914
Way Up
Slightly volatile
For Steelcase profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Steelcase to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Steelcase utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Steelcase's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Steelcase over time as well as its relative position and ranking within its peers.
  
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For more information on how to buy Steelcase Stock please use our How to Invest in Steelcase guide.
Is Commercial Services & Supplies space 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
1.304
Dividend Share
0.4
Earnings Share
1.06
Revenue Per Share
27.462
Quarterly Revenue Growth
0.001
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.

Steelcase Shares Owned By Institutions vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Steelcase's current stock value. Our valuation model uses many indicators to compare Steelcase value to that of its competitors to determine the firm's financial worth.
Steelcase is rated second in price to book category among its peers. It is currently regarded as top stock in shares owned by institutions category among its peers producing about  58.46  of Shares Owned By Institutions per Price To Book. Comparative valuation analysis is a catch-all technique that is used if you cannot value Steelcase by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Steelcase Shares Owned By Institutions vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Steelcase

P/B

 = 

MV Per Share

BV Per Share

 = 
1.64 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.

Steelcase

Shares Held by Institutions

 = 

Funds and Banks

+

Firms

 = 
96.12 %
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.

Steelcase Shares Owned By Institutions Comparison

Steelcase is currently under evaluation in shares owned by institutions category among its peers.

Steelcase Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Steelcase, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Steelcase will eventually generate negative long term returns. The profitability progress is the general direction of Steelcase's change in net profit over the period of time. It can combine multiple indicators of Steelcase, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-66.9 M-70.2 M
Operating Income117.8 M101.3 M
Income Before Tax107.1 M90.7 M
Total Other Income Expense Net-10.7 M-11.2 M
Net Income81.1 M56.6 M
Income Tax Expense26 M28.5 M
Net Income Applicable To Common Shares199.7 M209.7 M
Net Income From Continuing Ops81.1 M68.7 M
Non Operating Income Net Other10.1 M11.6 M
Interest Income6.2 M10.7 M
Net Interest Income-25.9 M-27.2 M
Change To Netincome9.3 M8.8 M
Net Income Per Share 0.71  0.93 
Income Quality 3.81  1.87 
Net Income Per E B T 0.76  0.63 

Steelcase Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Steelcase. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Steelcase position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Steelcase's important profitability drivers and their relationship over time.

Use Steelcase in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steelcase position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steelcase will appreciate offsetting losses from the drop in the long position's value.

Steelcase Pair Trading

Steelcase Pair Trading Analysis

The ability to find closely correlated positions to Steelcase could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steelcase when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steelcase - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steelcase to buy it.
The correlation of Steelcase is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steelcase moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steelcase moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Steelcase can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Steelcase position

In addition to having Steelcase in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Manufacturing Thematic Idea Now

Manufacturing
Manufacturing Theme
Companies that provide goods across residential, commercial and industrial construction such as machinery, tools, or lumber production. The Manufacturing theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Manufacturing Theme or any other thematic opportunities.
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Additional Tools for Steelcase Stock Analysis

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.