STEEL PARTNERS HOLDINGS LP (SPLP) Fundamental Analysis & Valuation

NYSE:SPLP • US85814R1077

Current stock price

35.5 USD
+0.95 (+2.76%)
At close:
35 USD
-0.5 (-1.41%)
After Hours:

This SPLP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. SPLP Profitability Analysis

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.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M

1.2 Ratios

  • SPLP has a better Return On Assets (7.31%) than 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.
  • Measured over the past 3 years, the Average Return On Invested Capital for SPLP is above the industry average of 8.00%.
  • 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 RankSector 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%
SPLP Yearly ROA, ROE, ROICSPLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 12.90%, SPLP is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • 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.
  • SPLP's Operating Margin has improved in the last couple of years.
  • SPLP has a better Gross Margin (43.17%) 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 15.99%
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%
SPLP Yearly Profit, Operating, Gross MarginsSPLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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6

2. SPLP Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPLP is destroying value.
  • The number of shares outstanding for SPLP has been reduced compared to 1 year ago.
  • SPLP has less shares outstanding than it did 5 years ago.
  • SPLP has a better debt/assets ratio than last year.
SPLP Yearly Shares OutstandingSPLP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
SPLP Yearly Total Debt VS Total AssetsSPLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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.
  • The Debt to FCF ratio of SPLP (0.93) is better than 100.00% of its industry peers.
  • 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 RankSector Rank
Debt/Equity 0.24
Debt/FCF 0.93
Altman-Z N/A
ROIC/WACC0.93
WACC15.59%
SPLP Yearly LT Debt VS Equity VS FCFSPLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B 2.5B

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.
  • 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 RankSector Rank
Current Ratio 1.34
Quick Ratio 1.24
SPLP Yearly Current Assets VS Current LiabilitesSPLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

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3

3. SPLP Growth Analysis

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.
  • 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%.
  • The Revenue has been growing slightly by 6.86% on average over the past years.
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.
SPLP Yearly Revenue VS EstimatesSPLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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6

4. SPLP Valuation Analysis

4.1 Price/Earnings Ratio

  • With a 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.
  • When comparing the Price/Earnings ratio of SPLP to the average of the S&P500 Index (25.96), we can say SPLP is valued rather cheaply.
Industry RankSector Rank
PE 3.27
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

  • 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.
  • 100.00% of the companies in the same industry are more expensive than SPLP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 2.28
EV/EBITDA 1.44
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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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. SPLP Dividend Analysis

5.1 Amount

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

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SPLP Fundamentals: All Metrics, Ratios and Statistics

STEEL PARTNERS HOLDINGS LP

NYSE:SPLP (5/1/2025, 9:31:30 PM)

After market: 35 -0.5 (-1.41%)

35.5

+0.95 (+2.76%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)05-06
Earnings (Next)08-05
Inst Owners39.73%
Inst Owner Change0%
Ins Owners47.43%
Ins Owner Change0%
Market Cap679.83M
Revenue(TTM)2.03B
Net Income(TTM)261.56M
Analysts0
Price TargetN/A
Short Float %N/A
Short RatioN/A
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 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
Graham NumberN/A
Profitability
Industry RankSector 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%
ROICexgc growth 3Y17.24%
ROICexgc 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 RankSector 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%

STEEL PARTNERS HOLDINGS LP / SPLP Fundamental Analysis 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.