Superior Group of Companies, Inc. (SGC) 주식 분석

회사 개요

Superior Group of Companies, Inc. (SGC) engages in the production, manufacturing, and sale of promotional products, branded uniforms, and healthcare apparel and accessories across the United States and international markets. The company operates within the Consumer Cyclical sector, specifically focusing on the Apparel Manufacturing industry, which implies its performance is closely tied to consumer spending patterns and economic cycles. In terms of scale, Superior Group of Companies, Inc. maintains a market capitalization of $164.90M and generates annual revenue of $566.18M, supported by an employee base of 6,520 individuals. These valuation and revenue figures indicate that the company functions as a mid-cap entity with a substantial operational footprint, suggesting a diversified business model that spans multiple segments including Branded Products, Healthcare Apparel, and Contact Centers to mitigate risks associated with any single market vertical.

재무 건전성

Superior Group of Companies, Inc. reported a trailing twelve-month revenue of $566.18M and a net income of $7.00M, while generating an EBITDA of $25.84M. The significant gap between the $566.18M in revenue and the $7.00M in net income reveals a cost structure where operating expenses, including taxes and interest, consume approximately 98.8% of the top-line revenue before reaching the bottom line. The company produced $14.67M in free cash flow, which provides essential financial flexibility for capital allocation, debt repayment, or potential share buybacks without relying on external financing. When analyzing profitability metrics, the gross margin stands at 37.6%, indicating that the company retains more than one-third of its sales revenue after direct production costs. The operating margin is recorded at 3.7%, reflecting the efficiency of core business operations after overheads, while the profit margin sits at 1.2%, highlighting the competitive pressure or high fixed costs inherent in the apparel manufacturing sector. On the balance sheet, the company holds $23.69M in cash against $105.96M in total debt, resulting in a debt-to-equity ratio of 54.95, which suggests a leveraged position where liabilities significantly exceed equity. Despite the leverage, the current ratio of 2.67 indicates robust short-term liquidity, as the company possesses more than double the current assets relative to its current liabilities, ensuring it can meet obligations as they come due. Return on Equity (ROE) is calculated at 3.6% and Return on Assets (ROA) is 2.0%, metrics that reveal management effectiveness in generating profits from shareholders' equity and the total asset base, respectively, though these returns are currently modest.

밸류에이션 평가

Superior Group of Companies, Inc. currently trades with a P/E Ratio (TTM) of 22.83 and a forward P/E of 12.60, implying that the market expects earnings to grow significantly in the future to justify the higher trailing multiple compared to the lower forward projection. The price-to-book ratio is 0.86, indicating that the market values the company at less than its book value, which often suggests the stock is trading at a discount relative to the net asset value or that market expectations for future growth are subdued. Additional valuation metrics show a price-to-sales ratio of 0.29 and an EV/EBITDA of 9.57, suggesting the stock is priced at a relatively low multiple of its sales and earnings power compared to industry peers. Regarding trading range, the 52-week high is $13.78 and the 52-week low is $8.30, placing the current price context within this volatility band, though the exact current price is not explicitly defined in the provided data, the valuation multiples suggest a compression relative to the high end. The stock exhibits a beta of 1.39, meaning its price volatility is 39% higher than the broader market, indicating that SGC will likely experience amplified swings during periods of market stress or rally.

Growth & Income

Superior Group of Companies, Inc. demonstrated a revenue growth rate of 0.8% year-over-year and an earnings growth rate of 80.8% year-over-year. The earnings growth rate significantly outpaces the revenue growth rate, implying that the company achieved substantial cost efficiencies, tax benefits, or one-time gains that boosted profitability without a proportional increase in top-line sales. As a dividend payer, the company offers a dividend yield of 5.3% with a payout ratio of 121.7%. The payout ratio exceeding 100% indicates that the company is paying out more in dividends than it generates in net income, which may be sustainable temporarily if bolstered by non-cash earnings or cash reserves, but warrants monitoring for long-term sustainability. Given the high payout ratio, the company is effectively distributing a large portion of its earnings rather than aggressively reinvesting for internal expansion at this specific moment. Overall, the growth and income profile presents a dichotomy of modest top-line expansion paired with a highly leveraged earnings growth and a generous but potentially strained dividend yield.