| Address:
|
EDENS & WINNETKA ROAD
|
| City: |
NORTHFIELD |
|
State: |
IL |
|
Zip Code: |
60093 |
| Telephone: |
847-446-7500 |
|
Description of Business
|
Primary SIC Code:
2840 |
| (As filed with the SEC)
|
|
|
Stepan Company, which was incorporated under the laws of the state of Delaware
on February 19, 1959, and its subsidiaries (the "Company") produce specialty and
intermediate chemicals, which are sold to other manufacturers and then made into
a variety of end products. The Company has three reportable segments:
surfactants, polymers and specialty products.
Surfactants refer to chemical agents that affect the interaction between two
surfaces; they can provide actions such as detergency (i.e., the ability of
water to remove soil from another surface), wetting and foaming, dispersing,
emulsification (aiding two dissimilar liquids to mix), demulsification,
viscosity modifications and biocidal disinfectants. Surfactants are the basic
cleaning agent in detergents for washing clothes, dishes, carpets, fine fabrics,
floors and walls. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 6.01 | 0.260 | 11.18 | | 06/2011 | 6.04 | 0.260 | 11.74 | | 03/2011 | 5.70 | 0.260 | 12.72 | | 12/2010 | 5.90 | 0.260 | 12.93 | | 09/2010 | 5.92 | 0.240 | 9.98 | | 06/2010 | 5.99 | 0.240 | 11.42 | | 03/2010 | 6.29 | 0.240 | 8.89 | | 12/2009 | 5.84 | 0.240 | 11.10 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 1.16 | Total Liab/Total Assets | 0.57 | | Net Inc/Total Assets | 0.08 | Total Liab/Inv Cap | 0.80 | | Net Inc/Inv Cap | 0.11 | Total Liab/Comm Equity | 8.21 | | Pretax Inc/Net Sales | 0.07 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.05 | Curr Debt/Equity | 0.09 | | Cash Flow/Net Sales | 0.05 | LTD/Equity | 0.46 | | SG&A/NetSales | 0.06 | Total Debt/Equity | 0.55 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.66 | Quick Ratio | 1.61 | | Inventory Turnover | 13.96 | Current Ratio | 2.08 | | Inventory Day Sales | 0.03 | Net Rec/Curr Assets | 0.48 | | Net Sales/Work Cap | 6.44 | Inv/Curr Assets | 0.23 | | Net Sales/PP&E | 4.05 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
499.34
|
476.99
|
422.60
|
360.79
|
|
Cost of Goods Sold
|
435.26
|
407.40
|
360.81
|
310.27
|
|
Selling & Admin Exps
|
20.59
|
24.85
|
21.70
|
28.23
|
|
Operating Income
|
33.40
|
34.08
|
29.85
|
13.33
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
28.23
|
31.33
|
27.14
|
12.21
|
|
Other Income
|
-2.03
|
0.25
|
0.31
|
0.91
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
19.17
|
20.87
|
18.76
|
8.49
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
32.41
|
25.60
|
52.74
|
111.20
|
|
Receivables - Total
|
301.34
|
302.93
|
276.35
|
207.42
|
|
Inventories - Total
|
137.21
|
159.49
|
119.24
|
96.55
|
|
Total Current Assets
|
489.11
|
504.59
|
462.09
|
427.83
|
|
Net Property, Plant & Equipment
|
366.81
|
368.77
|
366.79
|
353.59
|
|
Total Assets
|
892.00
|
910.93
|
858.12
|
811.43
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
212.85
|
226.73
|
203.42
|
174.02
|
|
Debt in Current Liabilities
|
36.41
|
35.81
|
36.58
|
31.61
|
|
Total Current Liabilities
|
249.26
|
262.53
|
240.00
|
205.63
|
|
Long-Term Debt
|
150.22
|
154.96
|
149.10
|
159.96
|
|
Total Liabilities
|
495.62
|
513.75
|
484.25
|
461.94
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
3.95
|
3.82
|
3.65
|
3.58
|
|
Preferred Stock
|
12.96
|
13.00
|
13.00
|
13.00
|
|
Common Stock
|
11.69
|
11.60
|
11.59
|
11.51
|
|
Retained Earnings
|
356.16
|
339.82
|
321.77
|
305.83
|
|
Treasury Stock
|
-43.00
|
-41.36
|
-40.36
|
-39.11
|
|
Total Stockholders' Equity
|
396.37
|
397.17
|
373.87
|
349.49
|
|
Total Liabilities and Stockholders' Equity
|
892.00
|
910.93
|
858.12
|
811.43
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
33.89
|
4.13
|
-25.45
|
19.94
|
|
Net Cash Provided by Investing Activities
|
-21.95
|
-31.79
|
-22.70
|
-20.42
|
|
Net Cash Provided by Financing Activities
|
-3.11
|
0.38
|
-11.04
|
0.05
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,172.58 | 6.67 | 0.63 | | 12/2007 | 1,329.90 | 15.12 | 1.50 | | 12/2008 | 1,600.13 | 37.17 | 3.52 | | 12/2009 | 1,276.38 | 63.05 | 5.84 | | 12/2010 | 1,431.12 | 65.43 | 5.90 | | Growth Rates | 5.11 | 76.97 | 74.94 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 116 | 5,888 | 57.57 |
|
Report Date :
2/6/2012
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