Steel Partners Holdings (SPLP) AI Stock Analysis

• Market Cap: $813.90M
• Dividend Yield: N/A
• Average Volume (3M): 366.00
• Price to Earnings (P/E): 3.8
• Beta (1Y): -0.33
• Revenue Growth: 5.83%
• EPS Growth: 72.33%
• Country: US
• Employees: 5,200
• Sector: Industrials
• Sector Strength: 78
• Industry: Conglomerates
• EPS (TTM): 1.41
• Shares Outstanding: 19,150,620
• 10 Day Avg. Volume: 483
• 30 Day Avg. Volume: 366
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 0.37
• Enterprise Value/Gross Profit: 0.88
• Enterprise Value/Ebitda: 2.20
• 1Y Price Target: $46.00
• Price Target Upside: 8.67% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: $46.00 ▲(8.67% Upside)

Steel Partners Holdings demonstrates strong financial performance with consistent revenue growth and efficient profitability metrics, contributing significantly to its overall score. The stock's undervaluation, as indicated by its low P/E ratio, further enhances its attractiveness. Technical indicators suggest stable price trends, though they are less influential than the financial and valuation aspects.

Steel Partners Holdings Business Overview & Revenue Model

Company Description

Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and youth sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and woven substrates of fiberglass, quartz, carbon, and aramid materials for specialty applications. It also designs, manufactures, and markets power electronics and protection, motion control, power quality electromagnetic equipment, custom ball-screws, and gears and gearboxes used in medical, commercial and military aerospace, computer, datacom, industrial, specialty LED lighting, test and measurement, and telecom applications. In addition, the company provides meat-room blade products, repair services, and distributed products for the meat and deli departments of supermarkets, restaurants, and meat and fish processing plants, as well as for electrical saws and cutting equipment distributors; cutting blades for bakeries; and wood cutting blade products for the pallet manufacturing, pallet recycler, and portable saw mill industries. Further, it manufactures and distributes coated, laminated and metallized films for imaging, aerospace, insulation and solar photo-voltaic markets; originates and funds consumer and small business loans; issues credit cards; takes deposits; participates in syndicated commercial and industrial, and asset based credit facilities and securitizations; and offers drilling and production services to the oil and gas industry. Steel Partners Holdings GP Inc. serves as the general partner of the company. The company was founded in 1990 and is based in New York, New York.

How the Company Makes Money

Steel Partners Holdings generates revenue through a multi-faceted business model that includes income from its subsidiaries, investments, and management fees. Key revenue streams come from its industrial segment, which manufactures and sells products to various sectors, including aerospace and defense, as well as its financial services segment, which provides consulting and investment management. The company also earns revenue through real estate investments, both in property management and leasing. Strategic partnerships with other firms and a focus on acquiring undervalued businesses further enhance SPLP's earnings potential by driving operational efficiencies and expanding its market reach.

Steel Partners Holdings Financial Statement Overview

Summary

Steel Partners Holdings exhibits revenue growth and improved operating efficiency. However, historical volatility in net income and profit margins, combined with past negative equity, suggests underlying challenges. Improved cash flow and leverage management are positive, but caution is advised due to past financial instability.

Income Statement

Steel Partners Holdings has shown consistent revenue growth over the years, with a notable increase from 2023 to 2024. However, the gross profit margin is at 100% in 2024 due to an error in gross profit equaling total revenue, which should be reconsidered. Net profit margins have been volatile, showing a significant drop in 2024. The EBIT margin improved significantly in 2024, indicating better operational efficiency. Overall, while there is revenue growth, the profitability ratios indicate instability.

Balance Sheet

The company's debt-to-equity ratio improved significantly in 2024, indicating better leverage management. Return on equity has been inconsistent, with a drastic drop in 2024. The equity ratio has improved, suggesting a stronger equity base relative to total assets. Despite improvements, prior negative equity indicates historical financial challenges.

Cash Flow

Free cash flow turned positive in 2024, showing strong growth from the previous negative figure. Operating cash flow has significantly increased, highlighting improved cash generation from operations. The ratios of operating and free cash flow to net income are favorable in 2024, indicating efficient cash utilization despite previous years of volatility.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.03B	1.91B	1.70B	1.52B	1.31B
Gross Profit	875.49M	670.18M	581.60M	513.11M	439.04M
EBITDA	379.91M	221.79M	232.59M	307.68M	130.98M
Net Income	261.56M	150.83M	205.97M	131.41M	72.67M
Balance Sheet
Total Assets	3.58B	3.99B	3.24B	2.68B	3.93B
Cash, Cash Equivalents and Short-Term Investments	404.44M	577.93M	234.45M	325.36M	135.89M
Total Debt	174.35M	445.64M	257.52M	632.50M	2.45B
Total Liabilities	2.41B	2.99B	2.43B	2.01B	3.40B
Stockholders Equity	1.17B	958.63M	801.46M	-131.80M	-172.65M
Cash Flow
Free Cash Flow	298.32M	-30.23M	-257.77M	25.45M	300.86M
Operating Cash Flow	363.28M	21.22M	-210.23M	77.77M	324.09M
Investing Cash Flow	111.16M	-142.20M	-176.56M	1.52B	-1.90B
Financing Cash Flow	-646.31M	464.56M	297.17M	-1.40B	1.57B

Steel Partners Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 42.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPLP, the sentiment is Positive. The current price of 42.33 is above the 20-day moving average (MA) of 41.09, above the 50-day MA of 40.84, and above the 200-day MA of 40.30, indicating a bullish trend. The MACD of 0.42 indicates Negative momentum. The RSI at 57.34 is Neutral, neither overbought nor oversold. The STOCH value of 87.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SPLP.

Steel Partners Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SEB	72 Outperform	$3.37B	24.49	2.92%	0.25%	4.70%	-44.60%
SPLP	71 Outperform	$813.90M	3.80	24.14%	―	5.83%	72.33%
Sector *	65 Neutral	$2.67B	15.36	15.18%	3.45%	-0.30%	27.34%
MATW	61 Neutral	$746.68M	―	-12.81%	4.12%	-11.13%	-351.71%
CODI	58 Neutral	$560.51M	―	-4.98%	13.62%	6.77%	9.95%
FBYD	45 Neutral	$826.15M	90.52	635.79%	―	9.17%	-91.26%
FIP	44 Neutral	$544.37M	―	-9.32%	1.91%	16.07%	32.11%

Steel Partners Holdings Corporate Events

Steel Partners Holdings Reflects on 2024 Success and Growth

On March 11, 2025, Steel Partners Holdings L.P. published an annual letter reflecting on its growth and strategic achievements. The company highlighted its successful acquisition of Steel Connect, now a wholly-owned subsidiary, and reported strong financial performance for 2024, with increased revenue and net income. The Steel Business System has been pivotal in enhancing operational efficiency, contributing to significant profitability improvements across its business units. Notably, Dunmore and HandyTube achieved record profitability, while Indiana Tube Corporation maintained good EBITDA margins despite market challenges. The company’s strategic focus and operational improvements have positioned it for continued growth in 2025.