Definitive Analysis
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Steelcase Inc. (SCS)

Company Dividend Discount ModelIndustry: Business Equipment & SuppliesSector: Industrials

Valuation Snapshot

Stable Growth$4.29 - $5.89$5.10
Multi-Stage$8.20 - $9.01$8.59
Blended Fair Value$6.84
Current Price$16.74
Upside-59.11%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-7.18%-0.98%0.400.400.490.530.370.590.550.520.500.48
YoY Growth--0.00%-16.93%-8.47%43.91%-37.05%7.47%5.41%4.27%2.63%8.57%
Dividend Yield--3.91%3.06%6.83%4.30%2.55%5.06%3.26%3.67%2.96%3.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)95.30
(-) Cash Dividends Paid (M)47.70
(=) Cash Retained (M)47.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)19.0611.917.15
Cash Retained (M)47.6047.6047.60
(-) Cash Required (M)-19.06-11.91-7.15
(=) Excess Retained (M)28.5435.6940.45
(/) Shares Outstanding (M)117.98117.98117.98
(=) Excess Retained per Share0.240.300.34
LTM Dividend per Share0.400.400.40
(+) Excess Retained per Share0.240.300.34
(=) Adjusted Dividend0.650.710.75
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-5.19%-4.19%-3.19%
Fair Value$4.29$5.10$5.89
Upside / Downside-74.39%-69.56%-64.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)95.3091.3087.4883.8180.2976.9379.24
Payout Ratio50.05%58.04%66.03%74.02%82.01%90.00%92.50%
Projected Dividends (M)47.7052.9957.7662.0465.8569.2373.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-5.19%-4.19%-3.19%
Year 1 PV (M)48.0748.5849.08
Year 2 PV (M)47.5248.5349.55
Year 3 PV (M)46.2947.7749.29
Year 4 PV (M)44.5746.4848.45
Year 5 PV (M)42.5144.8047.18
PV of Terminal Value (M)737.91777.66819.10
Equity Value (M)966.871,013.821,062.65
Shares Outstanding (M)117.98117.98117.98
Fair Value$8.20$8.59$9.01
Upside / Downside-51.04%-48.66%-46.19%

High-Yield Dividend Screener

« Prev Page 10 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ESPEspey Mfg. & Electronics Corp.3.53%$1.6554.01%
F-PCFord Motor Company 6% Notes due3.53%$0.7463.45%
TECTPTectonic Financial, Inc.3.53%$0.3879.28%
AMFCXAmerican Funds American Mutual Fund3.52%$2.0690.87%
CRCCalifornia Resources Corporation3.52%$1.6435.94%
FAFFirst American Financial Corporation3.51%$2.1446.13%
GICGlobal Industrial Company3.51%$1.0358.36%
0R0G.LMondelez International, Inc.3.50%$1.8969.92%
DCPDCP Midstream, LP3.50%$1.4634.00%
LWLamb Weston Holdings, Inc.3.50%$1.4870.35%
WSOWatsco, Inc.3.50%$12.1683.88%
0QYY.LHarley-Davidson, Inc.3.49%$0.7217.57%
LKFNLakeland Financial Corporation3.49%$1.9752.13%
TRSTTrustCo Bank Corp NY3.49%$1.4448.14%
OMCOmnicom Group Inc.3.47%$2.8341.26%
PROVProvident Financial Holdings, Inc.3.47%$0.5561.73%
UTLUnitil Corporation3.47%$1.7061.75%
BF-ABrown-Forman Corporation3.45%$0.9152.84%
COFSChoiceOne Financial Services, Inc.3.45%$1.0070.38%
FCBPFirst Choice Bancorp3.45%$1.0034.34%
NXSTNexstar Media Group, Inc.3.45%$7.2042.75%
STBAS&T Bancorp, Inc.3.45%$1.3529.75%
VABKVirginia National Bankshares Corporation3.45%$1.3755.94%
F-PBFord Motor Company 6.20% Notes3.44%$0.7463.45%
0K3B.LThe Mosaic Company3.43%$0.8722.53%
CPFCentral Pacific Financial Corp.3.43%$1.0743.87%
CTBICommunity Trust Bancorp, Inc.3.43%$1.9337.41%
IIINInsteel Industries, Inc.3.43%$1.1153.05%
JJSFJ&J Snack Foods Corp.3.43%$3.1192.62%
TMPTompkins Financial Corporation3.43%$2.4942.22%
ALRSAlerus Financial Corporation3.41%$0.7739.09%
CNXCConcentrix Corporation3.41%$1.4028.16%
FBPFirst BanCorp.3.41%$0.7134.06%
GLOClough Global Opportunities Fund3.41%$0.1915.90%
OPBKOP Bancorp3.41%$0.4830.19%
PHXPHX Minerals Inc.3.39%$0.1581.44%
WHGWestwood Holdings Group, Inc.3.39%$0.6073.76%
SCVLShoe Carnival, Inc.3.38%$0.5928.17%
OGSONE Gas, Inc.3.37%$2.6161.93%
VALUValue Line, Inc.3.36%$1.2555.36%
WTRGEssential Utilities, Inc.3.36%$1.3054.79%
AVNTAvient Corporation3.35%$1.0686.14%
KTBKontoor Brands, Inc.3.35%$2.0653.00%
VCTRVictory Capital Holdings, Inc.3.35%$2.1548.89%
WAFDWaFd, Inc.3.35%$1.0837.44%
PBProsperity Bancshares, Inc.3.34%$2.3241.44%
PFGPrincipal Financial Group, Inc.3.34%$2.9943.04%
EVBNEvans Bancorp, Inc.3.33%$1.3160.97%
NFYSEnphys Acquisition Corp.3.33%$0.3768.70%
KMPRKemper Corporation3.32%$1.3132.45%