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Steel Partners Holdings (SPLP)
NYSE:SPLP
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Steel Partners Holdings
(NYSE:SPLP)
55Neutral
Steel Partners Holdings (SPLP) vs. S&P 500 (SPY)
Market Cap
$778.16M
Dividend YieldN/A
Average Volume (3M)711.00
Price to Earnings (P/E)4.3
Beta (1Y)-0.34
Revenue Growth7.31%
EPS Growth34.78%
CountryUS
Employees5,100
SectorIndustrials
Sector Strength69
IndustryIndustrial Conglomerates
Share Statistics
EPS (TTM)9.50
Shares Outstanding19,185,453
10 Day Avg. Volume764
30 Day Avg. Volume711
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)N/A
Price to Sales (P/S)0.39
Price to Cash Flow (P/CF)1.90
P/FCF Ratio2.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Steel Partners Holdings Business Overview & Revenue Model
Company DescriptionSteel Partners Holdings L.P. (SPLP) is a diversified global holding company that engages in multiple sectors, including diversified industrial products, energy, defense, supply chain management, logistics, direct marketing, banking, and sports. The company operates through a range of subsidiaries, offering an array of products and services, from industrial products such as steel and specialty metals to financial services and energy solutions. SPLP leverages its operational expertise and strategic vision to enhance the performance and growth of its portfolio companies.
How the Company Makes MoneySteel Partners Holdings makes money through its diverse array of business segments. The company generates revenue primarily by manufacturing and selling industrial products, including steel and specialty metals, through its subsidiaries. It also earns income from its energy segment, which involves the production and sale of energy-related products and services. Additionally, SPLP benefits from its financial services arm, offering banking and other financial solutions, as well as its direct marketing and logistics services. The company’s strategic partnerships and investments in various industries also contribute to its revenue streams, allowing it to capture value across different market sectors.
Steel Partners Holdings Financial Statement Overview
Summary
Steel Partners Holdings shows strong revenue growth and improved profitability margins, along with significant improvements in cash flow management. While historical balance sheet weaknesses are being corrected, the financial performance remains robust and on a positive trajectory.Income Statement
Steel Partners Holdings shows strong revenue growth with a TTM (Trailing-Twelve-Months) increase in total revenue. The gross profit margin is solid, and net profit margin has improved significantly over the last year, indicating increased operational efficiency. The EBIT and EBITDA margins also reflect robust profitability, indicating a well-managed cost structure.85
Very Positive
Balance Sheet
The balance sheet exhibits a moderate debt-to-equity ratio, suggesting manageable leverage. The company has improved its equity position over recent periods, enhancing financial stability. However, historical negative equity and liabilities surpassing assets in some years highlight past balance sheet weaknesses, now being corrected.70
Positive
Cash Flow
Cash flow statements show a significant improvement in free cash flow, reflecting better cash management. The ratio of operating cash flow to net income is healthy, indicating strong cash generation capabilities. The free cash flow to net income ratio is positive, pointing towards sustainable cash flows relative to profits.78
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.99B | 1.91B | 1.70B | 1.52B | 1.31B | 1.56B | Gross Profit |
| 778.35M | 670.18M | 581.60M | 513.11M | 439.04M | 493.25M | EBIT |
| 223.34M | 165.22M | 178.84M | 247.16M | 65.64M | 94.21M | EBITDA |
| 283.67M | 221.79M | 232.59M | 307.68M | 130.98M | 218.27M | Net Income Common Stockholders |
| 228.25M | 150.83M | 205.97M | 131.41M | 72.67M | 11.90M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 214.01M | 577.93M | 234.45M | 325.36M | 135.89M | 148.57M | Total Assets |
| 2.35B | 3.99B | 3.24B | 2.68B | 3.93B | 2.33B | Total Debt |
| 522.10M | 445.64M | 257.52M | 632.50M | 2.45B | 439.80M | Net Debt |
| 309.76M | -132.29M | 23.07M | 307.13M | 2.31B | 291.45M | Total Liabilities |
| 1.82B | 2.99B | 2.43B | 2.01B | 3.40B | 1.86B | Stockholders Equity |
| 530.26M | 958.63M | 801.46M | -131.80M | -172.65M | -191.42M |
| Cash Flow | Free Cash Flow | ||||
| 307.22M | -30.23M | -257.77M | 25.45M | 300.86M | 68.72M | Operating Cash Flow |
| 377.72M | 21.22M | -210.23M | 77.77M | 324.09M | 111.74M | Investing Cash Flow |
| 17.75M | -142.20M | -176.56M | 1.52B | -1.90B | -274.96M | Financing Cash Flow |
| -571.39M | 464.56M | 297.17M | -1.40B | 1.57B | -36.15M |
Steel Partners Holdings Technical Analysis
Negative
40.42
Price Trends
41.32
Negative
41.22
Negative
39.78
Positive
Market Momentum
-0.19
Positive
46.01
Neutral
16.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SPLP, the sentiment is Negative. The current price of 40.42 is below the 20-day moving average (MA) of 41.26, below the 50-day MA of 41.32, and above the 200-day MA of 39.78, indicating a neutral trend. The MACD of -0.19 indicates Positive momentum. The RSI at 46.01 is Neutral, neither overbought nor oversold. The STOCH value of 16.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SPLP.
Steel Partners Holdings Risk Analysis
Steel Partners Holdings disclosed 57 risk factors in its most recent earnings report. Steel Partners Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Steel Partners Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $74.40B | 17.58 | 28.29% | 1.47% | -20.40% | -13.30% | |
68 Neutral | $14.83B | 14.44 | 18.90% | 3.41% | 62.87% | ― | |
67 Neutral | $96.08B | 35.18 | 13.23% | 0.62% | 42.19% | -18.20% | |
65 Neutral | $169.84B | 40.08 | 36.95% | 2.86% | 21.25% | 97.42% | |
62 Neutral | $8.16B | 12.81 | 0.47% | 3.07% | 3.83% | -16.36% | |
55 Neutral | $778.16M | 4.27 | 23.67% | ― | 7.31% | 34.78% | |
54 Neutral | C$110.86B | 46.67 | 16.87% | 3.25% | ― | ― |
* Industrials Sector Average
Performance Comparison
SPLP
Steel Partners Holdings
40.42
1.42
3.64%
APO
Apollo Global Management
134.92
26.46
24.40%
KKR
KKR & Co
114.37
16.97
17.42%
BX
Blackstone Group
140.54
17.70
14.41%
CG
Carlyle Group
42.03
-2.95
-6.56%
TSE:BAM
Brookfield Asset Management Ltd. Class A
68.35
13.61
24.86%
Steel Partners Holdings Corporate Events
M&A TransactionsBusiness Operations and StrategyFinancial Disclosures
Steel Partners Holdings Reflects on 2024 Success and Growth
Positive
Mar 11, 2025
On March 11, 2025, Steel Partners Holdings L.P. published an annual letter reflecting on its growth and strategic achievements. The company highlighted its successful acquisition of Steel Connect, now a wholly-owned subsidiary, and reported strong financial performance for 2024, with increased revenue and net income. The Steel Business System has been pivotal in enhancing operational efficiency, contributing to significant profitability improvements across its business units. Notably, Dunmore and HandyTube achieved record profitability, while Indiana Tube Corporation maintained good EBITDA margins despite market challenges. The company’s strategic focus and operational improvements have positioned it for continued growth in 2025.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.