Steelcase (SCS) AI Stock Analysis

• Market Cap: $1.22B
• Dividend Yield: 3.77%
• Average Volume (3M): 715.13K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 0.69
• Revenue Growth: 2.64%
• EPS Growth: 37.55%
• Country: US
• Employees: 11,300
• Sector: Industrials
• Sector Strength: 84
• Industry: Business Equipment & Supplies
• EPS (TTM): 0.20
• Shares Outstanding: 95,425,950
• 10 Day Avg. Volume: 968,401
• 30 Day Avg. Volume: 715,128
• PEG Ratio: 0.03
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 29.22
• Enterprise Value/Market Cap: 1.22
• Enterprise Value/Revenue: 0.12
• Enterprise Value/Gross Profit: 1.42
• Enterprise Value/Ebitda: 1.55
• 1Y Price Target: $17.00
• Price Target Upside: 56.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 75 Outperform
• Price Target: $12.00 ▲(10.19%Upside)

Steelcase's overall stock score is driven by strong financial performance and attractive valuation, supported by positive earnings call outcomes. The company's strategic initiatives and operational efficiencies contribute to its robust position, although technical indicators suggest potential caution due to market volatility.

Steelcase Business Overview & Revenue Model

Company Description

Steelcase Inc. (SCS) is a leading provider in the furniture industry, specializing in the design and manufacture of innovative workplace solutions. The company offers a wide range of products including office furniture, architectural and technology products designed to create high-performance work environments. Steelcase operates across various sectors, providing solutions for offices, education, and healthcare settings, aiming to enhance productivity and well-being through highly adaptable and sustainable designs.

How the Company Makes Money

Steelcase makes money primarily through the sale of its furniture and workplace solutions, which include seating, desks, storage, and collaborative tools. The company generates revenue from direct sales to businesses and institutions, as well as through a network of dealers and retail partners. Additionally, Steelcase earns income from its architectural and technology products, which integrate furniture with technology to create smart office environments. The company's earnings are augmented by significant partnerships with design firms and technology companies, which help Steelcase to innovate and expand its product offerings. Steelcase's focus on sustainable and ergonomic designs also appeals to the growing market demand for environmentally friendly and user-centric office solutions.

Steelcase Financial Statement Overview

Summary

Steelcase shows solid financial health with consistent revenue growth and improved profitability margins. The balance sheet reflects sound financial management with decreasing leverage and a strong equity position. However, the decline in free cash flow and significant total liabilities require attention.

Income Statement

Steelcase has demonstrated consistent revenue growth with a recent increase from $3,159.6M to $3,166M. The company's gross profit margin is strong at approximately 33%, and net profit margin has improved to 3.8% from the previous year's 2.6%. EBIT and EBITDA margins show steady performance, indicating operational efficiency. However, the revenue growth rate is modest, and historical fluctuations in net income need attention for sustained profitability.

Balance Sheet

The balance sheet shows a stable equity ratio of 40.8%, indicating strong equity backing. The debt-to-equity ratio has decreased, highlighting improved financial leverage management. Return on Equity (ROE) has increased to 12.7%, reflecting enhanced profitability relative to equity. However, total liabilities remain significant, and continued focus on debt reduction would be beneficial to mitigate financial risk.

Cash Flow

Operating cash flow remains positive at $148.5M, though it decreased from the previous year. Free cash flow is positive at $101.4M, yet it has declined from the prior period, indicating potential challenges in cash generation. The operating cash flow to net income ratio is strong, suggesting good conversion of earnings into cash. Attention to improving free cash flow growth is advisable to ensure liquidity.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.17B	3.16B	3.23B	2.77B	2.60B
Gross Profit	1.05B	1.01B	919.40M	761.50M	762.80M
EBITDA	240.70M	216.60M	165.30M	87.20M	174.20M
Net Income	120.70M	81.10M	35.30M	4.00M	26.10M
Balance Sheet
Total Assets	2.33B	2.24B	2.20B	2.26B	2.35B
Cash, Cash Equivalents and Short-Term Investments	387.90M	318.60M	90.40M	200.90M	489.80M
Total Debt	600.70M	630.00M	695.80M	708.90M	727.20M
Total Liabilities	1.38B	1.35B	1.38B	1.41B	1.39B
Stockholders Equity	951.70M	887.10M	826.20M	852.20M	960.50M
Cash Flow
Free Cash Flow	101.40M	261.60M	30.30M	-163.10M	23.50M
Operating Cash Flow	148.50M	308.70M	89.40M	-102.60M	64.80M
Investing Cash Flow	-34.80M	6.10M	-134.80M	-65.50M	-30.60M
Financing Cash Flow	-84.00M	-85.90M	-62.90M	-120.00M	-87.80M

Steelcase Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.89
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SCS, the sentiment is Positive. The current price of 10.89 is above the 20-day moving average (MA) of 10.44, above the 50-day MA of 10.24, and below the 200-day MA of 11.60, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 59.85 is Neutral, neither overbought nor oversold. The STOCH value of 85.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SCS.

Steelcase Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SCS	75 Outperform	$1.22B	10.29	12.91%	3.77%	2.64%	37.55%
HNI	73 Outperform	$2.24B	17.18	17.23%	2.83%	-0.18%	107.68%
AVY	72 Outperform	$13.81B	20.32	31.95%	2.14%	3.57%	26.92%
CDRE	71 Outperform	$1.29B	33.65	13.07%	1.20%	10.06%	-7.56%
Sector *	65 Neutral	$10.36B	15.10	5.28%	2.01%	2.70%	-26.16%
XMTR	59 Neutral	$1.66B	―	-15.50%	―	19.35%	27.83%
ACCO	56 Neutral	$313.54M	―	-15.90%	8.62%	-9.19%	-337.72%

Steelcase Corporate Events

Steelcase Reports Strong Start to Fiscal 2026

Steelcase reported a strong start to fiscal 2026 with a 7% increase in first-quarter revenue compared to the previous year, driven by 9% growth in the Americas. The company’s operating income rose by 45%, and its gross margin improved by 170 basis points. Despite a slight decline in orders, Steelcase remains confident in its strategy, focusing on restructuring efforts and cost reduction initiatives to enhance profitability, especially in response to challenges in the international market. The company anticipates flat to 4% revenue growth in the second quarter of fiscal 2026, with continued emphasis on strategic investments and customer engagement.

The most recent analyst rating on (SCS) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Steelcase stock, see the SCS Stock Forecast page.