Steel Partners Gross Profit vs. Current Valuation
| SPLP Stock | USD 45.00 1.01 2.30% |
Gross Profit | First Reported 2011-03-31 | Previous Quarter 205.6 M | Current Value 224.8 M | Quarterly Volatility 47.7 M |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Operating Profit Margin | 0.0824 | 0.0867 |
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For Steel Partners profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Steel Partners to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Steel Partners Holdings utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Steel Partners's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Steel Partners Holdings over time as well as its relative position and ranking within its peers.
Steel |
Steel Partners' Revenue Breakdown by Earning Segment
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Is Industrial Conglomerates space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Steel Partners. If investors know Steel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Steel Partners listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.44 | Earnings Share 9.77 | Revenue Per Share 97.096 | Quarterly Revenue Growth 0.057 | Return On Assets 0.0337 |
The market value of Steel Partners Holdings is measured differently than its book value, which is the value of Steel that is recorded on the company's balance sheet. Investors also form their own opinion of Steel Partners' value that differs from its market value or its book value, called intrinsic value, which is Steel Partners' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Steel Partners' market value can be influenced by many factors that don't directly affect Steel Partners' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Steel Partners' value and its price as these two are different measures arrived at by different means. Investors typically determine if Steel Partners is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Steel Partners' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Steel Partners Holdings Current Valuation vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Steel Partners's current stock value. Our valuation model uses many indicators to compare Steel Partners value to that of its competitors to determine the firm's financial worth. Steel Partners Holdings is rated fifth in gross profit category among its peers. It is rated below average in current valuation category among its peers reporting about 1.13 of Current Valuation per Gross Profit. At this time, Steel Partners' Gross Profit is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Steel Partners by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Steel Current Valuation vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Steel Partners |
| = | 558.42 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Steel Partners |
| = | 630.11 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Steel Current Valuation vs Competition
Steel Partners Holdings is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Industrials industry is at this time estimated at about 73 Billion. Steel Partners maintains roughly 630.11 Million in current valuation contributing less than 1% to equities under Industrials industry.
Steel Partners Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Steel Partners, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Steel Partners will eventually generate negative long term returns. The profitability progress is the general direction of Steel Partners' change in net profit over the period of time. It can combine multiple indicators of Steel Partners, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -121.2 M | -115.2 M | |
| Operating Income | 165.2 M | 91.4 M | |
| Income Before Tax | 161.2 M | 169.3 M | |
| Total Other Income Expense Net | -4 M | -4.2 M | |
| Net Income | 150.8 M | 158.4 M | |
| Income Tax Expense | -1.7 M | -1.6 M | |
| Net Income Applicable To Common Shares | 236.9 M | 248.7 M | |
| Net Income From Continuing Ops | 184.4 M | 193.6 M | |
| Non Operating Income Net Other | 98.5 M | 103.5 M | |
| Interest Income | 10 M | 9.5 M | |
| Net Interest Income | -85.9 M | -81.6 M | |
| Change To Netincome | -56 M | -53.2 M | |
| Net Income Per Share | 7.04 | 7.39 | |
| Income Quality | 0.14 | 0.13 | |
| Net Income Per E B T | 0.94 | 1.45 |
Steel Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Steel Partners. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Steel Partners position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Steel Partners' important profitability drivers and their relationship over time.
Use Steel Partners in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Steel Partners position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Steel Partners will appreciate offsetting losses from the drop in the long position's value.Steel Partners Pair Trading
Steel Partners Holdings Pair Trading Analysis
The ability to find closely correlated positions to Steel Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Steel Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Steel Partners Holdings to buy it.
The correlation of Steel Partners is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steel Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Partners Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Steel Partners can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Steel Partners position
In addition to having Steel Partners in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for Steel Stock Analysis
When running Steel Partners' price analysis, check to measure Steel Partners' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Steel Partners is operating at the current time. Most of Steel Partners' value examination focuses on studying past and present price action to predict the probability of Steel Partners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Partners' price. Additionally, you may evaluate how the addition of Steel Partners to your portfolios can decrease your overall portfolio volatility.