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STEEL PARTNERS HOLDINGS LP (SPLP) Stock Fundamental Analysis

NYSE:SPLP - New York Stock Exchange, Inc. - US85814R1077 - Currency: USD

42.3122  +0.2 (+0.49%)

Fundamental Rating

6

Taking everything into account, SPLP scores 6 out of 10 in our fundamental rating. SPLP was compared to 8 industry peers in the Industrial Conglomerates industry. Both the health and profitability get an excellent rating, making SPLP a very profitable company, without any liquidiy or solvency issues. SPLP has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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8

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.
Of the past 5 years SPLP 4 years were profitable.
Of the past 5 years SPLP 4 years had a positive operating cash flow.
SPLP Yearly Net Income VS EBIT VS OCF VS FCFSPLP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M -200M 300M

1.2 Ratios

Looking at the Return On Assets, with a value of 6.28%, SPLP is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
SPLP's Return On Equity of 21.89% is fine compared to the rest of the industry. SPLP outperforms 62.50% of its industry peers.
The Return On Invested Capital of SPLP (12.29%) is better than 87.50% of its industry peers.
SPLP had an Average Return On Invested Capital over the past 3 years of 9.29%. This is in line with the industry average of 9.46%.
The 3 year average ROIC (9.29%) for SPLP is below the current ROIC(12.29%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.28%
ROE 21.89%
ROIC 12.29%
ROA(3y)5.02%
ROA(5y)3.37%
ROE(3y)20.43%
ROE(5y)14.91%
ROIC(3y)9.29%
ROIC(5y)7.51%
SPLP Yearly ROA, ROE, ROICSPLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20

1.3 Margins

The Profit Margin of SPLP (11.43%) is better than 75.00% of its industry peers.
In the last couple of years the Profit Margin of SPLP has grown nicely.
SPLP has a Operating Margin of 15.26%. This is in the better half of the industry: SPLP outperforms 75.00% of its industry peers.
SPLP's Operating Margin has improved in the last couple of years.
The Gross Margin of SPLP (42.81%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of SPLP has grown nicely.
Industry RankSector Rank
OM 15.26%
PM (TTM) 11.43%
GM 42.81%
OM growth 3Y6.95%
OM growth 5Y13.53%
PM growth 3Y12.58%
PM growth 5YN/A
GM growth 3Y6.98%
GM growth 5Y7.04%
SPLP Yearly Profit, Operating, Gross MarginsSPLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40

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7

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPLP is still creating some value.
SPLP has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, SPLP has less shares outstanding
SPLP has a better debt/assets ratio than last year.
SPLP Yearly Shares OutstandingSPLP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M 25M
SPLP Yearly Total Debt VS Total AssetsSPLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B

2.2 Solvency

The Debt to FCF ratio of SPLP is 0.90, which is an excellent value as it means it would take SPLP, only 0.90 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.90, SPLP belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
SPLP has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.27, SPLP belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.9
Altman-Z N/A
ROIC/WACC1.05
WACC11.7%
SPLP Yearly LT Debt VS Equity VS FCFSPLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

SPLP has a Current Ratio of 1.27. 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 of 1.27. This is in the better half of the industry: SPLP outperforms 62.50% of its industry peers.
A Quick Ratio of 1.16 indicates that SPLP should not have too much problems paying its short term obligations.
SPLP has a better Quick ratio (1.16) than 87.50% of its industry peers.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.16
SPLP Yearly Current Assets VS Current LiabilitesSPLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 30.59% over the past year.
Measured over the past years, SPLP shows a very strong growth in Earnings Per Share. The EPS has been growing by 61.51% on average per year.
The Revenue has been growing slightly by 7.29% in the past year.
SPLP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.76% yearly.
EPS 1Y (TTM)30.59%
EPS 3Y61.51%
EPS 5YN/A
EPS Q2Q%49.5%
Revenue 1Y (TTM)7.29%
Revenue growth 3Y13.29%
Revenue growth 5Y3.76%
Sales Q2Q%5.72%

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.
SPLP Yearly Revenue VS EstimatesSPLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B
SPLP Yearly EPS VS EstimatesSPLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

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6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 4.59 indicates a rather cheap valuation of SPLP.
Compared to the rest of the industry, the Price/Earnings ratio of SPLP indicates a rather cheap valuation: SPLP is cheaper than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 30.30, SPLP is valued rather cheaply.
Industry RankSector Rank
PE 4.59
Fwd PE N/A
SPLP Price Earnings VS Forward Price EarningsSPLP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

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.
Based on the Price/Free Cash Flow ratio, SPLP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.64
EV/EBITDA 1.93
SPLP Per share dataSPLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80 100

4.3 Compensation for Growth

SPLP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for SPLP!.
Industry RankSector Rank
Dividend Yield N/A

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STEEL PARTNERS HOLDINGS LP

NYSE:SPLP (2/19/2025, 8:22:39 PM)

42.3122

+0.2 (+0.49%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)11-07 2024-11-07/bmo
Earnings (Next)03-06 2025-03-06
Inst Owners37.68%
Inst Owner Change-8%
Ins Owners44.45%
Ins Owner Change0.1%
Market Cap811.97M
Analysts0
Price TargetN/A
Short Float %0.01%
Short Ratio0.2
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 4.59
Fwd PE N/A
P/S 0.41
P/FCF 2.64
P/OCF 2.15
P/B 0.78
P/tB 1.02
EV/EBITDA 1.93
EPS(TTM)9.22
EY21.79%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)16.01
FCFY37.84%
OCF(TTM)19.68
OCFY46.52%
SpS104.06
BVpS54.34
TBVpS41.45
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 6.28%
ROE 21.89%
ROCE 16.8%
ROIC 12.29%
ROICexc 15.64%
ROICexgc 18.93%
OM 15.26%
PM (TTM) 11.43%
GM 42.81%
FCFM 15.39%
ROA(3y)5.02%
ROA(5y)3.37%
ROE(3y)20.43%
ROE(5y)14.91%
ROIC(3y)9.29%
ROIC(5y)7.51%
ROICexc(3y)11.81%
ROICexc(5y)9.19%
ROICexgc(3y)14.33%
ROICexgc(5y)11.24%
ROCE(3y)12.7%
ROCE(5y)10.27%
ROICexcg growth 3Y69.94%
ROICexcg growth 5Y14.93%
ROICexc growth 3Y63.01%
ROICexc growth 5Y17.42%
OM growth 3Y6.95%
OM growth 5Y13.53%
PM growth 3Y12.58%
PM growth 5YN/A
GM growth 3Y6.98%
GM growth 5Y7.04%
F-Score9
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.9
Debt/EBITDA 0.76
Cap/Depr 119.42%
Cap/Sales 3.53%
Interest Coverage 2.44
Cash Conversion 103.86%
Profit Quality 134.61%
Current Ratio 1.27
Quick Ratio 1.16
Altman-Z N/A
F-Score9
WACC11.7%
ROIC/WACC1.05
Cap/Depr(3y)88.57%
Cap/Depr(5y)72.27%
Cap/Sales(3y)2.98%
Cap/Sales(5y)2.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)30.59%
EPS 3Y61.51%
EPS 5YN/A
EPS Q2Q%49.5%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)7.29%
Revenue growth 3Y13.29%
Revenue growth 5Y3.76%
Sales Q2Q%5.72%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y33.15%
EBIT growth 3Y21.15%
EBIT growth 5Y17.79%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y399.45%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1051.37%
OCF growth 3Y-59.69%
OCF growth 5Y-16.66%