STEEL PARTNERS HOLDINGS LP (SPLP) Stock Fundamental Analysis
USA - NYSE:SPLP - US85814R1077
35.5 USD
+0.95 (+2.76%)
35 USD
-0.5 (-1.41%)
We assign a fundamental rating of 6 out of 10 to SPLP. SPLP was compared to 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
In the past year SPLP was profitable.
In the past year SPLP had a positive cash flow from operations.
Each year in the past 5 years SPLP has been profitable.
SPLP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
SPLP's Return On Assets of 7.31% is fine compared to the rest of the industry. SPLP outperforms 71.43% of its industry peers.
Looking at the Return On Equity, with a value of 23.10%, SPLP is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
With an excellent Return On Invested Capital value of 14.54%, SPLP belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
SPLP had an Average Return On Invested Capital over the past 3 years of 11.57%. This is above the industry average of 8.05%.
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
The Profit Margin of SPLP (12.90%) is better than 71.43% of its industry peers.
SPLP's Profit Margin has improved in the last couple of years.
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's Gross Margin of 43.17% is amongst the best of 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
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.
The Debt to FCF ratio of SPLP (0.93) is better than 100.00% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that SPLP is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.24, SPLP belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
| 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.
With a Current ratio value of 1.34, SPLP perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
SPLP has a Quick Ratio of 1.24. 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 better Quick ratio (1.24) than 71.43% of its industry peers.
| 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.
SPLP shows a small growth in Revenue. In the last year, the Revenue has grown by 6.42%.
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
A Price/Earnings ratio of 3.27 indicates a rather cheap valuation of SPLP.
Based on the Price/Earnings ratio, SPLP is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of SPLP to the average of the S&P500 Index (27.20), we can say 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 cheaper than 100.00% of the companies in the same industry.
100.00% of the companies in the same industry are more expensive than SPLP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.28 | ||
| EV/EBITDA | 1.44 |
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
5. Dividend
5.1 Amount
SPLP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
35.5
+0.95 (+2.76%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)
Earnings (Next)
Inst Owners39.73%
Inst Owner Change-16.4%
Ins Owners47.43%
Ins Owner Change1%
Market Cap679.83M
Analysts0
Price TargetN/A
Short Float %0%
Short Ratio0.03
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.27 | ||
| Fwd PE | N/A | ||
| P/S | 0.34 | ||
| P/FCF | 2.28 | ||
| P/OCF | 1.87 | ||
| P/B | 0.6 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | 1.44 |
EPS(TTM)10.87
EY30.62%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)15.58
FCFY43.88%
OCF(TTM)18.97
OCFY53.44%
SpS105.89
BVpS59.13
TBVpS46.45
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.31% | ||
| ROE | 23.1% | ||
| ROCE | 18.4% | ||
| ROIC | 14.54% | ||
| ROICexc | 18.87% | ||
| ROICexgc | 22.98% | ||
| OM | 15.99% | ||
| PM (TTM) | 12.9% | ||
| GM | 43.17% | ||
| FCFM | 14.71% |
ROA(3y)5.82%
ROA(5y)4.84%
ROE(3y)21.53%
ROE(5y)19.6%
ROIC(3y)11.57%
ROIC(5y)9.59%
ROICexc(3y)15.06%
ROICexc(5y)12.11%
ROICexgc(3y)18.38%
ROICexgc(5y)14.63%
ROCE(3y)14.64%
ROCE(5y)12.14%
ROICexcg growth 3Y17.24%
ROICexcg growth 5Y16.92%
ROICexc growth 3Y16.53%
ROICexc growth 5Y18.89%
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%
F-Score9
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 0.93 | ||
| Debt/EBITDA | 0.72 | ||
| Cap/Depr | 109.53% | ||
| Cap/Sales | 3.2% | ||
| Interest Coverage | 2.69 | ||
| Cash Conversion | 94.71% | ||
| Profit Quality | 114.05% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.24 | ||
| Altman-Z | N/A |
F-Score9
WACC15.59%
ROIC/WACC0.93
Cap/Depr(3y)96.26%
Cap/Depr(5y)82.15%
Cap/Sales(3y)2.9%
Cap/Sales(5y)2.78%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)83.61%
EPS 3Y33.78%
EPS 5YN/A
EPS Q2Q%101.85%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.42%
Revenue growth 3Y9.97%
Revenue growth 5Y6.86%
Sales Q2Q%6.64%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y27.75%
EBIT growth 3Y9.52%
EBIT growth 5Y20.68%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1086.86%
FCF growth 3Y127.01%
FCF growth 5Y33.48%
OCF growth 1Y1611.82%
OCF growth 3Y67.14%
OCF growth 5Y26.94%