One-glance verdict
Overvalued
$95.43 our estimate vs market $269.17
Wall Street consensus: $338.40 (254.6% higher than our fair-value estimate)
182% above our estimate, beyond the bull case
Fundamentals snapshot
Standex International Corporation
SXI · NYQ · Industrials · Specialty Industrial Machinery
Current price
$269.17
52-week range
$199.80 - $363.89
Market cap
$3.31B
Balance sheet
Watch
4.97x Stretched
Net debt $385.25M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Returns 17.2% on equity, ahead of 83% of its peers.
- Reward Free cash flow was positive in 10/10 years.
- Risk Net debt grew 3257.0% over 3 years.
- Risk Stock trades 39.6% above its 5-year average P/E.
What this company does
Standex International Corporation
Standex International is a manufacturing company that makes a wide variety of specialized parts and equipment for other businesses. They produce everything from electronic sensors for cars and custom freezers for science labs to the hydraulic cylinders that lift dump trucks. By selling to many different industries like aerospace, healthcare, and automotive, the company's health isn't tied to the success of just one market.
How the company got here
Standex began in 1955 when its founder, after selling a plastics company, bought a religious publisher and a steel engraving business. Over many decades, it grew by making numerous acquisitions (the business equivalent of buying other companies), at times owning a very diverse collection of businesses, including cookware and even a Coca-Cola bottler. The company went public in 1964, meaning its shares became available for anyone to buy on the stock market, and it was renamed Standex in 1973. Over time, management has focused the company on its core industrial manufacturing businesses, selling off unrelated divisions to concentrate on making specialized products for other companies.
What it actually does
Standex is a diversified industrial manufacturer, which is a way of saying it makes a wide variety of essential parts and equipment for other businesses, not for everyday shoppers. You won't find the Standex name on a product at the mall, but its components are critical parts inside things you use daily. For example, they make the electronic sensors that tell you a car door is ajar, the specialized refrigerators that keep vaccines safe in a hospital, and the textured surfaces you see on a car's dashboard. Essentially, Standex builds the crucial, often unseen, components that make other companies' final products work.
Electronics
This is Standex's largest business segment, making up about half of the company's sales. It designs and manufactures a huge variety of electronic components, such as sensors that detect things like motion or fluid levels, and relays, which act as tiny automated on-off switches. These parts are vital for a wide range of industries, getting built into everything from home appliances and electric cars to medical equipment and renewable energy systems. Companies buy these components from Standex to build into their own, more complex products.
Scientific
This division builds specialty temperature-controlled equipment for the medical, pharmaceutical, and scientific fields. Think of them as making high-tech, medical-grade refrigerators and freezers that must maintain very precise temperatures. Their customers are hospitals, pharmacies, and research labs who need to safely store critical items like vaccines, blood samples, and other biological materials. This is a growing part of Standex's business, especially with the increasing needs of the life sciences industry.
Engraving & Hydraulics
This segment is really two businesses in one. The Engraving side uses advanced technology to create precise textures on molds, which other manufacturers then use to create surfaces for products like car interiors or consumer electronics. The other part, called Custom Hoists, manufactures hydraulic cylinders—the powerful arms that lift and move heavy loads on vehicles like dump trucks, garbage trucks, and construction equipment. In both cases, customers are paying for highly specialized, custom-engineered industrial products.
Aerospace & Defense
This part of the company uses highly advanced metal-forming techniques to create specialized, custom-designed parts for airplanes, spacecraft, and defense applications. These are not standard, off-the-shelf parts; they are engineered solutions for very demanding environments where precision and reliability are critical. Customers in the aviation, space, and defense industries pay Standex to solve complex engineering challenges. This segment provides components for everything from commercial jets to manned and unmanned space vehicles.
What management is betting on now
The company's current strategy is to focus on fast-growing, high-tech areas like electric vehicles, renewable energy, the commercialization of space, and medical refrigeration. A key part of this plan involves strategic acquisitions, which means buying smaller, innovative companies to gain new technologies and market access. Management is also pushing to provide more custom-engineered solutions for its customers, which helps increase its operating margins (the percentage of profit made on each dollar of sales after day-to-day costs). The goal is to be a key partner in developing the next generation of products in these advanced markets.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q1
$10.85M
FY2025 Q2
$2.09M
FY2025 Q3
$3.47M
FY2025 Q4
$24.84M
FY2026 Q1
$10.41M
FY2026 Q2
$12.89M
FY2026 Q3
$6.16M
FY2026 Q4
$34.91M
Revenue
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Net income
$20.48M
Diluted EPS
1.70
Operating cash flow
$40.43M
Free cash flow
$34.91M
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Sources
Revenue
—
Net income
$66.98M
Diluted EPS
5.55
Operating cash flow
$11.75M
Free cash flow
$6.16M
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Sources
Revenue
—
Net income
$2.12M
Diluted EPS
0.17
Operating cash flow
$20.56M
Free cash flow
$12.89M
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Sources
Revenue
—
Net income
$15.06M
Diluted EPS
1.25
Operating cash flow
$16.83M
Free cash flow
$10.41M
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Sources
Revenue
—
Net income
$14.83M
Diluted EPS
1.23
Operating cash flow
$33.42M
Free cash flow
$24.84M
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Sources
Revenue
—
Net income
$21.88M
Diluted EPS
1.81
Operating cash flow
$9.54M
Free cash flow
$3.47M
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Sources
Revenue
—
Net income
$857.00K
Diluted EPS
0.07
Operating cash flow
$9.06M
Free cash flow
$2.09M
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Sources
Revenue
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Net income
$18.20M
Diluted EPS
1.53
Operating cash flow
$17.57M
Free cash flow
$10.85M
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Sources
Is it cheap or expensive?
Fair value $95.43 vs current price $269.17
Wall Street consensus is the average analyst price target: $338.40 (254.6% higher than our fair-value estimate).
Our most-likely fair value is $95.43 a share — about 64.5% below today's price of $269.17, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Watch
Net debt $385.3M. Interest coverage 5.0x.
Net debt
$385.25M
Interest coverage
4.97x
Standex International Corporation's profit covers its interest bill about 5.0 times over. which is stronger than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
SXI
BASELINE
Standex International Corporation
Total debt $566.29M Interest coverage 4.97x This is the baseline the peer rows are being compared against.
Total debt $510.63M Interest coverage 10.19x +105% vs SXI Carries about 2.0x more debt cushion than SXI.
Total debt $150.66M Interest coverage 9.89x +99% vs SXI Carries about 2.0x more debt cushion than SXI.
Total debt $588.50M Interest coverage 4.83x -3% vs SXI Has roughly the same debt cushion as SXI.
Total debt $1.47B Interest coverage 4.37x -12% vs SXI Has roughly the same debt cushion as SXI.
Total debt $350.60M Interest coverage 4.20x -16% vs SXI Carries about 1.2x less debt cushion than SXI.
What you should know
The case for and against SXI
3 Rewards
2 Risks
Rewards
-
Returns 17.2% on equity, ahead of 83% of its peers.
-
Free cash flow was positive in 10/10 years.
-
Trades at 31.0x P/E vs peer median 33.0x (6.0% cheaper).
Risks
-
Net debt grew 3257.0% over 3 years.
-
Stock trades 39.6% above its 5-year average P/E.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
31.05x
Forward P/E
22.69x
P/B
4.30x
P/S
3.71x
EV/EBITDA
19.06x
PEG ratio
0.95x
Profitability
How much profit each dollar creates
Gross margin
41.7%
Operating margin
17.8%
Net margin
11.7%
ROE
17.2%
ROA
6.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.75x
Current ratio
2.40x
Quick ratio
1.74x
Total debt
$566.29M
Total cash
$181.04M
Growth
How the business has been compounding
Revenue TTM
$716.38M
Revenue 5Y CAGR
36.6%
EPS TTM
8.67
EPS 5Y CAGR
-2.8%
Cash flow
How much cash the business throws off
Operating CF TTM
$89.56M
Free CF TTM
$64.36M
FCF margin
9.0%
Dividend
Shareholder payout
Yield
0.5%
Payout ratio
15.4%
Last ex-div date
2026-08-07