Steelcase Inc. designs, manufactures, and distributes an integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. The company was founded in 1912 and is based in Grand Rapids, Michigan.
SCS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Steelcase Inc. To summarize, we found that Steelcase Inc ranked in the 94th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for SCS, they are:
Its compound free cash flow growth rate, as measured over the past 5.76 years, is 0.76% -- higher than 87.3% of stocks in our DCF forecasting set.
As a business, SCS is generating more cash flow than 67.4% of positive cash flow stocks in the Industrials.
Steelcase Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than just 5.66% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as SCS, try HEES, AZUL, RYI, XPO, and GOL.
Steelcase ([[SCS]] -14.7%) reports Q2 revenue $818.8M vs. $998M last year.Organic revenue decline segment-wise: Americas-15%, EMEA-20%, Other category-29%.Operating income of $88.6M vs. $85.3M last year.Gross margin of 32.9%, representing 50 basis point decline.Cash, cash equivalents and the cash surrender value of company-owned life insurance, aggregated to $683.7M.Total debt was $483.3M.Diluted EPS...
Steelcase Inc. (NYSE: SCS) Q2 2020 earnings call dated Sep. 23, 2020 Presentation: Operator Good day, everyone, and welcome to Steelcase’s Second Quarter Fiscal 2021 Conference Call. As a reminder, today’s call is being recorded. For opening remarks and introductions, I’d like to turn the call — conference call over to Mr. Michael O’Meara, Director […]
Hackett, 65, will hand over the job to Farley, 58, on October 1, but stay on as a special advisor through March 2021. Hackett joined Ford in 2017 from furniture company Steelcase and was known for his skills in turning around struggling organizations. Hackett has overseen some major shifts at the 117-year-old Detroit auto staple, including phasing out most sedan models and launching the Mustang Mach-E.