STEEL PARTNERS HOLDINGS LP (SPLP) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:SPLP • US85814R1077
35.5 USD
+0.95 (+2.76%)
At close: May 1, 2025
35 USD
-0.5 (-1.41%)
After Hours: 5/1/2025, 9:31:30 PM
Taking everything into account, SPLP scores 6 out of 10 in our fundamental rating. SPLP was compared to 7 industry peers in the Industrial Conglomerates industry. SPLP has an excellent profitability rating, but there are some minor concerns on its financial health. SPLP has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year SPLP was profitable.
- In the past year SPLP had a positive cash flow from operations.
- SPLP had positive earnings in each of the past 5 years.
- SPLP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- SPLP has a better Return On Assets (7.31%) than 71.43% of its industry peers.
- SPLP has a better Return On Equity (23.10%) than 71.43% of its industry peers.
- SPLP's Return On Invested Capital of 14.54% is amongst the best of the industry. SPLP outperforms 100.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for SPLP is above the industry average of 7.65%.
- The 3 year average ROIC (11.57%) for SPLP is below the current ROIC(14.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.31% | ||
| ROE | 23.1% | ||
| ROIC | 14.54% |
ROA(3y)5.82%
ROA(5y)4.84%
ROE(3y)21.53%
ROE(5y)19.6%
ROIC(3y)11.57%
ROIC(5y)9.59%
1.3 Margins
- SPLP has a Profit Margin of 12.90%. This is in the better half of the industry: SPLP outperforms 71.43% of its industry peers.
- In the last couple of years the Profit Margin of SPLP has grown nicely.
- With a decent Operating Margin value of 15.99%, SPLP is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- In the last couple of years the Operating Margin of SPLP has grown nicely.
- SPLP has a Gross Margin of 43.17%. This is amongst the best in the industry. SPLP outperforms 100.00% of its industry peers.
- In the last couple of years the Gross Margin of SPLP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.99% | ||
| PM (TTM) | 12.9% | ||
| GM | 43.17% |
OM growth 3Y-0.4%
OM growth 5Y12.92%
PM growth 3Y14.39%
PM growth 5YN/A
GM growth 3Y8.13%
GM growth 5Y4.54%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPLP is destroying value.
- Compared to 1 year ago, SPLP has less shares outstanding
- The number of shares outstanding for SPLP has been reduced compared to 5 years ago.
- SPLP has a better debt/assets ratio than last year.
2.2 Solvency
- SPLP has a debt to FCF ratio of 0.93. This is a very positive value and a sign of high solvency as it would only need 0.93 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 0.93, SPLP belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- SPLP has a Debt/Equity ratio of 0.24. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of SPLP (0.24) is better than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 0.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.93
WACC15.59%
2.3 Liquidity
- SPLP has a Current Ratio of 1.34. This is a normal value and indicates that SPLP is financially healthy and should not expect problems in meeting its short term obligations.
- SPLP has a Current ratio (1.34) which is comparable to the rest of the industry.
- A Quick Ratio of 1.24 indicates that SPLP should not have too much problems paying its short term obligations.
- With a decent Quick ratio value of 1.24, SPLP is doing good in the industry, outperforming 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.24 |
3. Growth
3.1 Past
- SPLP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 83.61%, which is quite impressive.
- Measured over the past years, SPLP shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.78% on average per year.
- The Revenue has been growing slightly by 6.42% in the past year.
- Measured over the past years, SPLP shows a small growth in Revenue. The Revenue has been growing by 6.86% on average per year.
EPS 1Y (TTM)83.61%
EPS 3Y33.78%
EPS 5YN/A
EPS Q2Q%101.85%
Revenue 1Y (TTM)6.42%
Revenue growth 3Y9.97%
Revenue growth 5Y6.86%
Sales Q2Q%6.64%
3.2 Future
- No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
- No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
- No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 3.27, the valuation of SPLP can be described as very cheap.
- Based on the Price/Earnings ratio, SPLP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 28.39. SPLP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.27 | ||
| Fwd PE | N/A |
4.2 Price Multiples
- SPLP's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SPLP is cheaper than 100.00% of the companies in the same industry.
- SPLP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPLP is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.28 | ||
| EV/EBITDA | 1.44 |
4.3 Compensation for Growth
- The excellent profitability rating of SPLP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
- No dividends for SPLP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
STEEL PARTNERS HOLDINGS LP / SPLP FAQ
Can you provide the ChartMill fundamental rating for STEEL PARTNERS HOLDINGS LP?
ChartMill assigns a fundamental rating of 6 / 10 to SPLP.
Can you provide the valuation status for STEEL PARTNERS HOLDINGS LP?
ChartMill assigns a valuation rating of 6 / 10 to STEEL PARTNERS HOLDINGS LP (SPLP). This can be considered as Fairly Valued.
Can you provide the profitability details for STEEL PARTNERS HOLDINGS LP?
STEEL PARTNERS HOLDINGS LP (SPLP) has a profitability rating of 8 / 10.
What is the valuation of STEEL PARTNERS HOLDINGS LP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for STEEL PARTNERS HOLDINGS LP (SPLP) is 3.27 and the Price/Book (PB) ratio is 0.6.