Superior Group of Companies, Inc. (SGC) 株式分析

企業概要

Superior Group of Companies, Inc. is engaged in the production, manufacturing, and sale of promotional products, branded uniforms, and healthcare apparel and accessories across the United States and international markets. The enterprise operates within the Consumer Cyclical sector, specifically the Apparel Manufacturing industry, which positions it as a manufacturer sensitive to economic cycles and discretionary consumer spending. The company's scale is characterized by a market capitalization of $164.90M, annual revenue of $566.18M, and an employee base of 6,520. These financial figures indicate that Superior Group of Companies, Inc. holds a small-cap valuation relative to its substantial revenue generation and workforce size, suggesting a mid-sized operator with significant operational footprint but limited market dominance compared to large-cap peers in the apparel sector.

財務健全性

The company reported a revenue of $566.18M and net income of $7.00M over the trailing twelve months, with an EBITDA of $25.84M. The substantial gap between total revenue of $566.18M and net income of $7.00M reveals a cost structure where operating expenses, including cost of goods sold and administrative costs, consume a significant portion of top-line sales, resulting in a thin bottom line. Free cash flow stands at $14.67M, which provides the company with financial flexibility to fund capital expenditures, service debt obligations, or return capital to shareholders without requiring immediate external financing. However, the balance sheet is heavily leveraged, evidenced by a debt level of $105.96M compared to cash holdings of $23.69M, alongside a debt-to-equity ratio of 54.95. Despite the high leverage, the current ratio of 2.67 indicates robust short-term liquidity, as the company holds sufficient current assets to cover its current liabilities more than twice over. Furthermore, the return on equity of 3.6% and return on assets of 2.0% suggest that management effectiveness in generating returns on shareholder capital and total assets remains modest relative to the industry average, reflecting the capital-intensive nature of apparel manufacturing and the pressure of high leverage on profitability metrics.

バリュエーション評価

The trailing twelve-month P/E ratio is 22.83, while the forward P/E is 12.60. The significant disparity between these two multiples implies that the market expects earnings to grow substantially in the future to justify the lower forward multiple, or conversely, that current earnings are anomalously high relative to future expectations. The price-to-book ratio of 0.86 indicates that the company is trading below its book value, suggesting the market does not currently apply a significant premium to the company's tangible assets. Alternative valuation metrics such as the price-to-sales ratio of 0.29 and EV/EBITDA of 9.57 further illustrate that the stock is priced on a low multiple of sales and enterprise value relative to earnings before interest, taxes, depreciation, and amortization. The stock's trading range over the last 52 weeks spans from a low of $8.30 to a high of $13.78, and without the current price explicitly provided in the available facts, the valuation context relies on these historical bounds to assess potential volatility. The beta value of 1.39 indicates that the stock's price volatility is significantly higher than the broader market, moving roughly 39% more than the market index in response to general market fluctuations.

Growth & Income

Revenue growth year-over-year is 0.8%, while earnings growth year-over-year is 80.8%. The divergence where earnings growth of 80.8% vastly outpaces revenue growth of 0.8% implies that recent profitability improvements are driven by cost reductions, margin expansion, or non-recurring items rather than an increase in sales volume. Regarding income generation, the company offers a dividend yield of 5.3% with a payout ratio of 121.7%. This payout ratio exceeding 100% indicates that the company is distributing more in dividends than it is generating in net income, which raises questions regarding the sustainability of the dividend unless supported by cash flows or retained earnings from prior periods. Given the elevated payout ratio, the company is effectively using cash reserves or prior profits to fund dividends rather than reinvesting all earnings for immediate growth, a strategy that balances income generation for current shareholders with capital preservation. Overall, the growth and income profile presents a high-yield opportunity accompanied by significant earnings volatility and a capital structure that relies heavily on debt service alongside dividend obligations.