STEEL PARTNERS HOLDINGS LP (SPLP) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPLP - US85814R1077
35.5 USD
+0.95 (+2.76%)
35 USD
-0.5 (-1.41%)
SPLP gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 7 industry peers in the Industrial Conglomerates industry. While SPLP belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. SPLP is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- SPLP had positive earnings in the past year.
- SPLP had a positive operating cash flow in the past year.
- 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 Return On Assets of 7.31%. This is in the better half of the industry: SPLP outperforms 71.43% of its industry peers.
- The Return On Equity of SPLP (23.10%) is better than 71.43% of its industry peers.
- SPLP has a better Return On Invested Capital (14.54%) than 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 last Return On Invested Capital (14.54%) for SPLP is above the 3 year average (11.57%), which is a sign of increasing profitability.
| 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.
- SPLP's Operating Margin of 15.99% is fine compared to the rest of the industry. SPLP outperforms 71.43% of its industry peers.
- In the last couple of years the Operating Margin of SPLP has grown nicely.
- Looking at the Gross Margin, with a value of 43.17%, SPLP belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- SPLP's Gross Margin has improved in the last couple of years.
| 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
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPLP is destroying value.
- Compared to 1 year ago, SPLP has less shares outstanding
- Compared to 5 years ago, SPLP has less shares outstanding
- Compared to 1 year ago, SPLP has an improved debt to assets ratio.
2.2 Solvency
- The Debt to FCF ratio of SPLP is 0.93, which is an excellent value as it means it would take SPLP, only 0.93 years of fcf income to pay off all of its debts.
- SPLP has a Debt to FCF ratio of 0.93. This is amongst the best in the industry. SPLP outperforms 100.00% of its industry peers.
- A Debt/Equity ratio of 0.24 indicates that SPLP is not too dependend on debt financing.
- SPLP has a Debt to Equity ratio of 0.24. This is amongst the best in the industry. SPLP outperforms 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
- A Current Ratio of 1.34 indicates that SPLP should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.34, SPLP is in line with its industry, outperforming 57.14% of the companies in the same 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
- The Earnings Per Share has grown by an impressive 83.61% over the past year.
- SPLP shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.78% yearly.
- SPLP shows a small growth in Revenue. In the last year, the Revenue has grown by 6.42%.
- SPLP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.86% yearly.
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
- The Price/Earnings ratio is 3.27, which indicates a rather cheap valuation of SPLP.
- SPLP's Price/Earnings ratio is rather cheap when compared to the industry. SPLP is cheaper than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.32, SPLP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.27 | ||
| Fwd PE | N/A |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SPLP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
- 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.