Steel Partners Holdings LP LTD PARTNERSHIP UNIT (SPLP) Company Bio
Steel Partners Holdings, L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management and logistics, banking, food products and services, sports, training, education, and the entertainment and lifestyle businesses. The company was founded in 1992 and is based in New York, New York.
SPLP 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 Steel Partners Holdings Lp. To summarize, we found that Steel Partners Holdings Lp ranked in the 83th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 777% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Steel Partners Holdings Lp, consider:
15% of the company's capital comes from equity, which is greater than merely 4.5% of stocks in our cash flow based forecasting set.
Steel Partners Holdings Lp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.34. This coverage rate is greater than that of merely 24.32% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 17. This value is greater than 96.76% stocks in the Industrials sector that generate free cash flow.
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 SPLP, try SWBI, TRTN, DAC, ACY, and IIIN.
LAS VEGAS , May 27, 2020 /PRNewswire/ -- GA Global Partners, LLC today announced that it will conduct a live virtual public auction of the assets of Steel Partners on June 4, 2020 . The auction will feature Steel Partners' metal fabrication equipment, material handling, powder coating booth, steel inventory, trucks and trailers located in Las Vegas, NV. Steel Partners, a full-service steel contractor and major structural metals fabricator, shuttered its operations after serving the Las Vegas area … Full story available on Benzinga.com
Steel Partners Holdings L.P. (NYSE: SPLP) (the "Company" or "SPLP"), a diversified global holding company, today announced that the board of directors of its general partner has declared a regular quarterly distribution equal to $0.375 per unit, payable June 15, 2020, to unitholders of record as of June 1, 2020, on its 6% Series A Preferred Units, no par value ("Series A Preferred").
Steel Partners Holdings L.P. (NYSE: SPLP) today announced the appointment of Rich Ballenger as the President of Lucas-Milhaupt, succeeding John Ashe who will become CEO of IWCO Direct and Chairman of Lucas-Milhaupt.