STANDEX INTERNATIONAL CORP (SXI) Stock Fundamental Analysis
NYSE:SXI - New York Stock Exchange, Inc. - US8542311076 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to SXI. SXI was compared to 129 industry peers in the Machinery industry. SXI has an excellent financial health rating, but there are some minor concerns on its profitability. While showing a medium growth rate, SXI is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
SXI had positive earnings in the past year.
SXI had a positive operating cash flow in the past year.
SXI had positive earnings in each of the past 5 years.
In the past 5 years SXI always reported a positive cash flow from operatings.
1.2 Ratios
SXI has a Return On Assets (3.67%) which is comparable to the rest of the industry.
SXI has a Return On Equity (8.30%) which is comparable to the rest of the industry.
The Return On Invested Capital of SXI (6.49%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for SXI is in line with the industry average of 11.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.67% | ||
| ROE | 8.3% | ||
| ROIC | 6.49% |
ROA(3y)9.13%
ROA(5y)6.67%
ROE(3y)15.64%
ROE(5y)11.7%
ROIC(3y)10.38%
ROIC(5y)9.12%
1.3 Margins
With a Profit Margin value of 7.59%, SXI perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
SXI's Profit Margin has been stable in the last couple of years.
SXI has a Operating Margin of 15.00%. This is in the better half of the industry: SXI outperforms 73.60% of its industry peers.
SXI's Operating Margin has improved in the last couple of years.
SXI has a better Gross Margin (38.90%) than 70.40% of its industry peers.
In the last couple of years the Gross Margin of SXI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15% | ||
| PM (TTM) | 7.59% | ||
| GM | 38.9% |
OM growth 3Y9.35%
OM growth 5Y3.51%
PM growth 3Y22.19%
PM growth 5Y-0.9%
GM growth 3Y2.1%
GM growth 5Y1.3%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SXI is still creating some value.
Compared to 1 year ago, SXI has about the same amount of shares outstanding.
Compared to 5 years ago, SXI has less shares outstanding
SXI has a better debt/assets ratio than last year.
2.2 Solvency
SXI has an Altman-Z score of 3.66. This indicates that SXI is financially healthy and has little risk of bankruptcy at the moment.
SXI has a better Altman-Z score (3.66) than 60.80% of its industry peers.
The Debt to FCF ratio of SXI is 9.87, which is on the high side as it means it would take SXI, 9.87 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 9.87, SXI perfoms like the industry average, outperforming 41.60% of the companies in the same industry.
SXI has a Debt/Equity ratio of 0.81. This is a neutral value indicating SXI is somewhat dependend on debt financing.
SXI's Debt to Equity ratio of 0.81 is on the low side compared to the rest of the industry. SXI is outperformed by 76.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 9.87 | ||
| Altman-Z | 3.66 |
ROIC/WACC0.63
WACC10.37%
2.3 Liquidity
A Current Ratio of 3.37 indicates that SXI has no problem at all paying its short term obligations.
SXI's Current ratio of 3.37 is amongst the best of the industry. SXI outperforms 81.60% of its industry peers.
A Quick Ratio of 2.61 indicates that SXI has no problem at all paying its short term obligations.
SXI has a better Quick ratio (2.61) than 84.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.37 | ||
| Quick Ratio | 2.61 |
3. Growth
3.1 Past
SXI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.89%.
The Earnings Per Share has been growing by 11.94% on average over the past years. This is quite good.
Looking at the last year, SXI shows a decrease in Revenue. The Revenue has decreased by -2.46% in the last year.
The Revenue has been growing slightly by 2.40% on average over the past years.
EPS 1Y (TTM)2.89%
EPS 3Y15.19%
EPS 5Y11.94%
EPS Q2Q%7.3%
Revenue 1Y (TTM)-2.46%
Revenue growth 3Y3.17%
Revenue growth 5Y2.4%
Sales Q2Q%6.4%
3.2 Future
Based on estimates for the next years, SXI will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.47% on average per year.
Based on estimates for the next years, SXI will show a quite strong growth in Revenue. The Revenue will grow by 10.89% on average per year.
EPS Next Y13.64%
EPS Next 2Y17.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year8.56%
Revenue Next 2Y10.89%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 26.61, SXI can be considered very expensive at the moment.
Based on the Price/Earnings ratio, SXI is valued a bit more expensive than 60.80% of the companies in the same industry.
SXI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 29.63.
The Price/Forward Earnings ratio is 19.56, which indicates a rather expensive current valuation of SXI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SXI is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of SXI to the average of the S&P500 Index (22.68), we can say SXI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.61 | ||
| Fwd PE | 19.56 |
4.2 Price Multiples
SXI's Enterprise Value to EBITDA is on the same level as the industry average.
SXI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.71 | ||
| EV/EBITDA | 19.44 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SXI does not grow enough to justify the current Price/Earnings ratio.
SXI has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SXI's earnings are expected to grow with 17.47% in the coming years.
PEG (NY)1.95
PEG (5Y)2.23
EPS Next 2Y17.47%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.69%, SXI is not a good candidate for dividend investing.
SXI's Dividend Yield is comparable with the industry average which is at 1.65.
With a Dividend Yield of 0.69, SXI pays less dividend than the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
5.2 History
The dividend of SXI is nicely growing with an annual growth rate of 8.51%!
SXI has been paying a dividend for at least 10 years, so it has a reliable track record.
SXI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.51%
Div Incr Years14
Div Non Decr Years14
5.3 Sustainability
26.49% of the earnings are spent on dividend by SXI. This is a low number and sustainable payout ratio.
The dividend of SXI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP26.49%
EPS Next 2Y17.47%
EPS Next 3YN/A
189.75
+2.95 (+1.58%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners97.08%
Inst Owner Change-87.73%
Ins Owners1.63%
Ins Owner Change-8.89%
Market Cap2.26B
Analysts84.44
Price Target226.7 (19.47%)
Short Float %1.77%
Short Ratio3.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
Yearly Dividend1.18
Dividend Growth(5Y)8.51%
DP26.49%
Div Incr Years14
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.44%
Min EPS beat(2)-0.7%
Max EPS beat(2)13.58%
EPS beat(4)3
Avg EPS beat(4)4.46%
Min EPS beat(4)-0.7%
Max EPS beat(4)13.58%
EPS beat(8)7
Avg EPS beat(8)4.09%
EPS beat(12)11
Avg EPS beat(12)3.76%
EPS beat(16)15
Avg EPS beat(16)4.39%
Revenue beat(2)0
Avg Revenue beat(2)-3.88%
Min Revenue beat(2)-6.95%
Max Revenue beat(2)-0.81%
Revenue beat(4)0
Avg Revenue beat(4)-2.98%
Min Revenue beat(4)-6.95%
Max Revenue beat(4)-0.81%
Revenue beat(8)2
Avg Revenue beat(8)-1.63%
Revenue beat(12)5
Avg Revenue beat(12)-1.2%
Revenue beat(16)9
Avg Revenue beat(16)-0.08%
PT rev (1m)0.79%
PT rev (3m)1.95%
EPS NQ rev (1m)-7.68%
EPS NQ rev (3m)0.3%
EPS NY rev (1m)-0.63%
EPS NY rev (3m)-0.92%
Revenue NQ rev (1m)-3.08%
Revenue NQ rev (3m)7.3%
Revenue NY rev (1m)-2.28%
Revenue NY rev (3m)-0.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.61 | ||
| Fwd PE | 19.56 | ||
| P/S | 3.15 | ||
| P/FCF | 41.71 | ||
| P/OCF | 28.39 | ||
| P/B | 3.44 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.44 |
EPS(TTM)7.13
EY3.76%
EPS(NY)9.7
Fwd EY5.11%
FCF(TTM)4.55
FCFY2.4%
OCF(TTM)6.68
OCFY3.52%
SpS60.31
BVpS55.13
TBVpS-11.61
PEG (NY)1.95
PEG (5Y)2.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.67% | ||
| ROE | 8.3% | ||
| ROCE | 8.01% | ||
| ROIC | 6.49% | ||
| ROICexc | 7.14% | ||
| ROICexgc | 20.34% | ||
| OM | 15% | ||
| PM (TTM) | 7.59% | ||
| GM | 38.9% | ||
| FCFM | 7.54% |
ROA(3y)9.13%
ROA(5y)6.67%
ROE(3y)15.64%
ROE(5y)11.7%
ROIC(3y)10.38%
ROIC(5y)9.12%
ROICexc(3y)12.64%
ROICexc(5y)11.02%
ROICexgc(3y)25.49%
ROICexgc(5y)22.94%
ROCE(3y)12.8%
ROCE(5y)11.24%
ROICexcg growth 3Y6.45%
ROICexcg growth 5Y1.12%
ROICexc growth 3Y10.64%
ROICexc growth 5Y4.92%
OM growth 3Y9.35%
OM growth 5Y3.51%
PM growth 3Y22.19%
PM growth 5Y-0.9%
GM growth 3Y2.1%
GM growth 5Y1.3%
F-Score5
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | 9.87 | ||
| Debt/EBITDA | 3.89 | ||
| Cap/Depr | 85.42% | ||
| Cap/Sales | 3.54% | ||
| Interest Coverage | 19.86 | ||
| Cash Conversion | 57.89% | ||
| Profit Quality | 99.45% | ||
| Current Ratio | 3.37 | ||
| Quick Ratio | 2.61 | ||
| Altman-Z | 3.66 |
F-Score5
WACC10.37%
ROIC/WACC0.63
Cap/Depr(3y)79.27%
Cap/Depr(5y)73.98%
Cap/Sales(3y)3.11%
Cap/Sales(5y)3.24%
Profit Quality(3y)78.19%
Profit Quality(5y)106.28%
High Growth Momentum
Growth
EPS 1Y (TTM)2.89%
EPS 3Y15.19%
EPS 5Y11.94%
EPS Q2Q%7.3%
EPS Next Y13.64%
EPS Next 2Y17.47%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.46%
Revenue growth 3Y3.17%
Revenue growth 5Y2.4%
Sales Q2Q%6.4%
Revenue Next Year8.56%
Revenue Next 2Y10.89%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-6.51%
EBIT growth 3Y12.82%
EBIT growth 5Y6%
EBIT Next Year52%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y25.26%
FCF growth 3Y5.38%
FCF growth 5Y13.17%
OCF growth 1Y16.25%
OCF growth 3Y3.5%
OCF growth 5Y4.78%