Financials Steelcase Inc.

Equities

SCS

US8581552036

Business Support Supplies

Market Closed - Nyse Other stock markets 04:00:02 2025-12-05 pm EST			5-day change	1st Jan Change
16.14 ^USD	-0.55%		-0.92%	+36.55%

Dec. 05	HNI, Steelcase Shareholders Approve Proposals Related to Merger	MT
Dec. 05	HNI, Steelcase Say Majority of Steelcase Shareholders Choose Mixed Merger Consideration	MT

Projected Income Statement: Steelcase Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,596	2,773	3,233	3,160	3,166	3,291	3,397
Change	-	6.8%	16.59%	-2.26%	0.2%	3.96%	3.22%
EBITDA ¹	174.4	103.3	210	241.1	262.3	291.7	308
Change	-	-40.77%	103.29%	14.81%	8.79%	11.21%	5.6%
EBIT ¹	89.2	20.1	65.5	117.8	158.1	154.4	206
Change	-	-77.47%	225.87%	79.85%	34.21%	-2.37%	33.46%
Interest Paid ¹	-27.1	-25.7	-28.4	-25.9	-25.7	-24.2	-24.9
Earnings before Tax (EBT) ¹	25.9	1.6	51.6	107.1	134.2	141.1	194.6
Change	-	-93.82%	3,125%	107.56%	25.3%	5.14%	37.92%
Net income ¹	26.1	4	35.3	81.1	120.7	99.85	141.2
Change	-	-84.67%	782.5%	129.75%	48.83%	-17.27%	41.46%
Announcement Date	3/23/21	3/23/22	3/22/23	3/20/24	3/26/25	-	-

¹USD in Million

Estimates

Fiscal Period: February	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	617.5	677.1	556.6	724.8	738.2	753.1	740.7	863.3	826.9	801.7	751.9	854.6	777.9	775.2	727.3	855.8	794.9	788	779	897.1	817.1	798.2	780.8	920.5	839.9	831.4
Change	-	9.65%	-17.8%	30.22%	1.85%	2.02%	-1.65%	16.55%	-4.22%	-3.05%	-6.21%	13.66%	-8.97%	-0.35%	-6.18%	17.67%	-7.12%	-0.87%	-1.14%	15.16%	-8.91%	-2.32%	-2.18%	17.89%	-8.76%	-1.01%
EBITDA ¹	32.2	29.4	-11.1	54.4	36.9	23.1	11.8	54	60.4	61.9	35.8	70.2	67	55.2	46.8	89.5	71.1	40.4	51.9	99.6	64.8	60.8	63.5	111.6	75.3	68.9
Change	-	-8.7%	-137.76%	590.09%	-32.17%	-37.4%	-48.92%	357.63%	11.85%	2.48%	-42.16%	96.09%	-4.56%	-17.61%	-15.22%	91.24%	-20.56%	-43.18%	28.47%	91.91%	-34.94%	-6.17%	4.44%	75.75%	-32.53%	-8.5%
EBIT ¹	11.4	8.3	-31.8	33.9	15.9	2.1	-12.6	28.9	20.5	28.7	7.3	41	43.8	25.7	17.6	90	41	9.5	25.5	53.1	39.8	35.95	26.6	83.9	49.7	43.4
Change	-	-27.19%	-483.13%	206.6%	-53.1%	-86.79%	-700%	329.37%	-29.07%	40%	-74.56%	461.64%	6.83%	-41.32%	-31.52%	411.36%	-54.44%	-76.83%	168.42%	108.24%	-25.05%	-9.67%	-26.01%	215.41%	-40.76%	-12.68%
Charge d'intérêts ¹	-6.6	-6.4	-6.4	-6.4	-6.5	-6.4	-6.4	-7.2	-7.6	-7.2	-6.6	-6.6	-6.4	-6.3	-6.2	-6.4	-6.3	-6.8	-6.3	-6.3	-6.3	-6.267	-5.8	-5.7	-5.6	-5.4
Earnings before Tax (EBT) ¹	-4.2	2.1	-38.8	29.4	12	-1	-15.8	26.4	16.6	24.4	2.9	37	40.6	26.6	14.1	85.9	26.1	8.1	18.8	52.1	37	33.2	24.3	81.7	47.7	41.5
Change	-	150%	-1,947.62%	175.77%	-59.18%	-108.33%	-1,480%	267.09%	-37.12%	46.99%	-88.11%	1,175.86%	9.73%	-34.48%	-46.99%	509.22%	-69.62%	-68.97%	132.1%	177.13%	-28.98%	-10.27%	-26.81%	236.21%	-41.62%	-13%
Net income ¹	2.1	6.6	-28.1	24.7	9.6	-2.2	-11.4	19.6	11.4	15.7	1.5	27.5	30.8	21.3	10.9	63.1	19.1	27.6	13.6	35	27.2	24.05	17.7	59.7	34.8	30.3
Change	-	214.29%	-525.76%	187.9%	-61.13%	-122.92%	-418.18%	271.93%	-41.84%	37.72%	-90.45%	1,733.33%	12%	-30.84%	-48.83%	478.9%	-69.73%	44.5%	-50.72%	157.35%	-22.29%	-11.58%	-26.4%	237.29%	-41.71%	-12.93%
Announcement Date	12/17/20	3/23/21	6/23/21	9/22/21	12/16/21	3/23/22	6/22/22	9/21/22	12/19/22	3/22/23	6/21/23	9/19/23	12/19/23	3/20/24	6/20/24	9/18/24	12/18/24	3/26/25	6/25/25	9/24/25	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Steelcase Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	282	391	128	-	-	-
Change	-	-	38.65%	-67.26%	-	-	-
Announcement Date	3/23/21	3/23/22	3/22/23	3/20/24	3/26/25	-	-

Estimates

Cash Flow Forecast: Steelcase Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	41.3	60.5	59.1	47.1	47.1	58	57.4
Change	-	46.49%	-2.31%	-20.3%	0%	23.14%	-1.03%
Free Cash Flow (FCF) ¹	23.5	-163.1	30.3	261.6	101.4	3.2	193.3
Change	-	-794.04%	118.58%	763.37%	-61.24%	-96.84%	5,940.63%
Announcement Date	3/23/21	3/23/22	3/22/23	3/20/24	3/26/25	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Steelcase Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.72%	3.73%	6.5%	7.63%	8.28%	8.86%	9.07%
EBIT Margin (%)	3.44%	0.72%	2.03%	3.73%	4.99%	4.69%	6.06%
EBT Margin (%)	1%	0.06%	1.6%	3.39%	4.24%	4.29%	5.73%
Net margin (%)	1.01%	0.14%	1.09%	2.57%	3.81%	3.03%	4.16%
FCF margin (%)	0.91%	-5.88%	0.94%	8.28%	3.2%	0.1%	5.69%
FCF / Net Income (%)	90.04%	-4,077.5%	85.84%	322.56%	84.01%	3.2%	136.85%
Profitability
ROA	-	-	-	-	-	-	-
ROE	6.34%	0.44%	4.21%	9.47%	13.13%	11.2%	12.35%
Financial Health
Leverage (Debt/EBITDA)	-	2.73x	1.86x	0.53x	-	-	-
Debt / Free cash flow	-	-1.73x	12.9x	0.49x	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.59%	2.18%	1.83%	1.49%	1.49%	1.76%	1.69%
CAPEX / EBITDA (%)	23.68%	58.57%	28.14%	19.54%	17.96%	19.88%	18.63%
CAPEX / FCF (%)	175.74%	-37.09%	195.05%	18%	46.45%	1,812.5%	29.69%
Items per share
Cash flow per share ¹	0.55	-0.8739	0.7609	2.592	1.249	1.45	1.6
Change	-	-258.89%	187.07%	240.64%	-51.82%	16.1%	10.34%
Dividend per Share ¹	0.37	0.535	0.49	0.4	0.4	0.4	0.4
Change	-	44.59%	-8.41%	-18.37%	0%	0%	0%
Book Value Per Share ¹	8.17	7.284	7.031	7.448	8.004	9.2	10.4
Change	-	-10.85%	-3.46%	5.93%	7.46%	14.94%	13.04%
EPS ¹	0.22	0.03	0.3	0.68	1.02	0.835	1.185
Change	-	-86.36%	900%	126.67%	50%	-18.14%	41.92%
Nbr of stocks (in thousands)	114,909	112,096	112,986	114,222	113,722	114,742	114,742
Announcement Date	3/23/21	3/23/22	3/22/23	3/20/24	3/26/25	-	-