Steel Partners Holdings Stock Return On Equity

SPLP Stock

USD 40.53 0.42 1.03%

Steel Partners Holdings fundamentals help investors to digest information that contributes to Steel Partners' financial success or failures. It also enables traders to predict the movement of Steel Stock. The fundamental analysis module provides a way to measure Steel Partners' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Steel Partners stock.

		Last Reported	Projected for Next Year
	Return On Equity	0.16	0.17

As of 11/16/2024, Return On Equity is likely to grow to 0.17.

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Steel Partners Holdings Company Return On Equity Analysis

Steel Partners' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current Steel Partners Return On Equity

0.24

Most of Steel Partners' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Steel Partners Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Steel Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for Steel Partners is extremely important. It helps to project a fair market value of Steel Stock properly, considering its historical fundamentals such as Return On Equity. Since Steel Partners' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Steel Partners' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Steel Partners' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Short Term Investments	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Debt	Current Deferred Revenue	Long Term Debt Total	Net Invested Capital	Net Working Capital
Total Assets		0.35	0.34	0.88	0.57	0.57	0.73	-0.4	0.98	0.54	0.04	-0.18	0.65	-0.82	-0.03	0.29	0.8	0.7	0.47	-0.08	0.77	0.55	-0.39
Total Stockholder Equity	0.35		0.29	0.39	-0.19	0.6	0.34	-0.26	0.3	0.53	-0.57	-0.12	0.67	-0.43	0.05	0.11	0.44	0.35	-0.29	-0.47	0.34	-0.05	-0.02
Net Tangible Assets	0.34	0.29		0.14	-0.13	0.58	-0.06	0.19	0.2	0.15	-0.2	-0.12	0.6	-0.09	0.18	-0.05	0.6	0.15	-0.15	-0.71	-0.07	0.09	0.11
Accounts Payable	0.88	0.39	0.14		0.34	0.53	0.89	-0.53	0.87	0.49	0.07	-0.16	0.66	-0.89	-0.02	0.47	0.76	0.81	0.21	0.15	0.89	0.26	-0.3
Long Term Debt	0.57	-0.19	-0.13	0.34		-0.04	0.37	-0.24	0.64	0.24	0.17	-0.02	-0.06	-0.42	-0.11	0.17	0.13	0.23	0.98	0.3	0.33	0.93	-0.33
Net Receivables	0.57	0.6	0.58	0.53	-0.04		0.31	-0.46	0.54	0.22	-0.51	-0.36	0.96	-0.44	-0.06	-0.02	0.5	0.28	-0.11	-0.53	0.55	0.19	-0.12
Good Will	0.73	0.34	-0.06	0.89	0.37	0.31		-0.33	0.71	0.49	0.21	0.07	0.47	-0.85	0.1	0.72	0.65	0.9	0.23	0.38	0.81	0.22	-0.26
Short Term Investments	-0.4	-0.26	0.19	-0.53	-0.24	-0.46	-0.33		-0.54	-0.03	0.32	0.34	-0.38	0.43	0.17	0.11	-0.09	-0.06	-0.21	-0.05	-0.61	-0.29	0.38
Total Liab	0.98	0.3	0.2	0.87	0.64	0.54	0.71	-0.54		0.48	0.02	-0.23	0.59	-0.81	-0.1	0.23	0.68	0.62	0.56	-0.01	0.81	0.62	-0.45
Deferred Long Term Liab	0.54	0.53	0.15	0.49	0.24	0.22	0.49	-0.03	0.48		0.11	0.04	0.35	-0.73	0.09	0.31	0.61	0.63	0.17	0.06	0.4	0.14	-0.15
Long Term Investments	0.04	-0.57	-0.2	0.07	0.17	-0.51	0.21	0.32	0.02	0.11		0.18	-0.37	-0.2	0.0	0.43	0.14	0.37	0.19	0.55	0.06	-0.11	-0.36
Short Long Term Debt	-0.18	-0.12	-0.12	-0.16	-0.02	-0.36	0.07	0.34	-0.23	0.04	0.18		-0.31	0.1	0.91	0.51	0.03	0.08	-0.03	0.31	-0.26	-0.13	0.1
Total Current Assets	0.65	0.67	0.6	0.66	-0.06	0.96	0.47	-0.38	0.59	0.35	-0.37	-0.31		-0.59	-0.02	0.14	0.67	0.48	-0.17	-0.49	0.64	0.11	-0.17
Treasury Stock	-0.82	-0.43	-0.09	-0.89	-0.42	-0.44	-0.85	0.43	-0.81	-0.73	-0.2	0.1	-0.59		0.05	-0.52	-0.73	-0.85	-0.3	-0.21	-0.83	-0.31	0.44
Short Term Debt	-0.03	0.05	0.18	-0.02	-0.11	-0.06	0.1	0.17	-0.1	0.09	0.0	0.91	-0.02	0.05		0.46	0.25	0.11	-0.14	0.05	-0.17	-0.13	0.15
Intangible Assets	0.29	0.11	-0.05	0.47	0.17	-0.02	0.72	0.11	0.23	0.31	0.43	0.51	0.14	-0.52	0.46		0.49	0.77	0.04	0.46	0.36	-0.01	-0.01
Common Stock	0.8	0.44	0.6	0.76	0.13	0.5	0.65	-0.09	0.68	0.61	0.14	0.03	0.67	-0.73	0.25	0.49		0.82	0.03	-0.19	0.53	0.11	-0.15
Property Plant Equipment	0.7	0.35	0.15	0.81	0.23	0.28	0.9	-0.06	0.62	0.63	0.37	0.08	0.48	-0.85	0.11	0.77	0.82		0.1	0.27	0.67	0.07	-0.21
Net Debt	0.47	-0.29	-0.15	0.21	0.98	-0.11	0.23	-0.21	0.56	0.17	0.19	-0.03	-0.17	-0.3	-0.14	0.04	0.03	0.1		0.29	0.2	0.92	-0.37
Current Deferred Revenue	-0.08	-0.47	-0.71	0.15	0.3	-0.53	0.38	-0.05	-0.01	0.06	0.55	0.31	-0.49	-0.21	0.05	0.46	-0.19	0.27	0.29		0.14	0.01	-0.11
Long Term Debt Total	0.77	0.34	-0.07	0.89	0.33	0.55	0.81	-0.61	0.81	0.4	0.06	-0.26	0.64	-0.83	-0.17	0.36	0.53	0.67	0.2	0.14		0.26	-0.35
Net Invested Capital	0.55	-0.05	0.09	0.26	0.93	0.19	0.22	-0.29	0.62	0.14	-0.11	-0.13	0.11	-0.31	-0.13	-0.01	0.11	0.07	0.92	0.01	0.26		-0.27
Net Working Capital	-0.39	-0.02	0.11	-0.3	-0.33	-0.12	-0.26	0.38	-0.45	-0.15	-0.36	0.1	-0.17	0.44	0.15	-0.01	-0.15	-0.21	-0.37	-0.11	-0.35	-0.27

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For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

Predict Steel Partners

Return On Equity Over Time

Steel Total Stockholder Equity

Total Stockholder Equity

1.01 Billion

At this time, Steel Partners' Total Stockholder Equity is relatively stable compared to the past year.

Based on the latest financial disclosure, Steel Partners Holdings has a Return On Equity of 0.2371. This is 46.11% lower than that of the Industrial Conglomerates sector and 106.81% lower than that of the Industrials industry. The return on equity for all United States stocks is 176.48% lower than that of the firm.

Steel Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Steel Partners' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Steel Partners could also be used in its relative valuation, which is a method of valuing Steel Partners by comparing valuation metrics of similar companies.

Steel Partners is currently under evaluation in return on equity category among its peers.

Steel Partners ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Steel Partners' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Steel Partners' managers, analysts, and investors.

Environmental

Governance

Social

Steel Fundamentals

	Return On Equity	0.24
	Return On Asset	0.0337
	Profit Margin	0.11 %
	Operating Margin	0.11 %
	Current Valuation	563.78 M
	Shares Outstanding	19.19 M
	Shares Owned By Insiders	49.01 %
	Shares Owned By Institutions	40.25 %
	Number Of Shares Shorted	3.54 K
	Price To Earning	26.37 X
	Price To Book	0.75 X
	Price To Sales	0.39 X
	Revenue	1.91 B
	Gross Profit	558.42 M
	EBITDA	217.08 M
	Net Income	150.83 M
	Cash And Equivalents	201.62 M
	Cash Per Share	9.26 X
	Total Debt	445.64 M
	Debt To Equity	0.66 %
	Current Ratio	1.26 X
	Book Value Per Share	54.36 X
	Cash Flow From Operations	21.22 M
	Short Ratio	4.41 X
	Earnings Per Share	9.77 X
	Number Of Employees	5.1 K
	Beta	1.36
	Market Capitalization	777.64 M
	Total Asset	3.99 B
	Retained Earnings	205.97 M
	Working Capital	562.22 M
	Current Asset	719.47 M
	Current Liabilities	321.25 M
	Net Asset	3.99 B

About Steel Partners Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Steel Partners Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Steel Partners using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Steel Partners Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Steel Partners

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.

Moving against Steel Stock

0.57	MPU	Mega Matrix Corp	Pair Corr
0.5	SMXT	Solarmax Technology	Pair Corr
0.41	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.39	VSTE	Vast Renewables Buyout Trend	Pair Corr
0.35	WPRT	Westport Fuel Systems	Pair Corr

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.

Pair Correlation Correlation Matching

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.

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