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Relative valuation derived from Industrials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
8.6%
Sector: 8.9%
Dividend Analysis audit
GROWTH
0.60%
Trailing Yield
$0.60
Per $100 Invested
Modest dividend — capital prioritized for reinvestment.
Est. Payout Ratio
31%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, STANDEX INTERNATIONAL CORP/DE/ (SXI) receives a "Hold" rating with a composite score of 48.1/100, ranked #348 out of 4446 stocks. Key factor scores: Quality 50/100, Value 42/100, Momentum 64/100. This is quantitative analysis only — not investment advice.
STANDEX INTERNATIONAL CORP/DE/ (SXI) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does STANDEX INTERNATIONAL CORP/DE/ Do?
Standex International Corporation, together with subsidiaries, manufactures and sells various products and services for commercial and industrial markets in the United States and internationally. The company operates through five segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. The Electronics segment offers reed relays, fluid level, proximity, motion, flow, HVAC condensate, and custom electronics sensors; and current sense and advanced planar transformer technologies, value added assemblies, and mechanical packaging, as well as custom wound transformers and inductors for low and high frequency applications. The Engraving segment provides mold texturizing, slush molding tools, roll engraving, hygiene product tooling, and low observation vents, as well as project management and design services for stealth aircraft; and process machinery for various industries. The Scientific segment offers temperature controlled equipment for the medical, scientific, pharmaceutical, biotech, and industrial markets. The Engineering Technologies segment offers net and near net formed single-source customized solutions that are used in the manufacture of engineered components for the aviation, aerospace, defense, energy, industrial, medical, marine, oil and gas, and manned and unmanned space markets. The Specialty Solutions segment manufactures and sells refrigerated, heated and dry merchandizing display cases, custom fluid pump solutions, single and double acting telescopic, and piston rod hydraulic cylinders. Standex International Corporation was founded in 1955 and is headquartered in Salem, New Hampshire. STANDEX INTERNATIONAL CORP/DE/ (SXI) is classified as a mid-cap stock in the Industrials sector, specifically within the Machinery industry. The company is led by CEO David A. Dunbar and employs approximately 3,800 people, headquartered in Salem, New Hampshire. With a market capitalization of $3.2B, SXI is one of the notable companies in the Industrials sector.
STANDEX INTERNATIONAL CORP/DE/ (SXI) Stock Rating — Hold (April 2026)
As of April 2026, STANDEX INTERNATIONAL CORP/DE/ receives a Hold rating with a composite score of 48.1/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.SXI ranks #348 out of 4,446 stocks in our coverage universe. Within the Industrials sector, STANDEX INTERNATIONAL CORP/DE/ ranks #62 of 752 stocks, placing it in the top 10% of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
SXI Stock Price and 52-Week Range
STANDEX INTERNATIONAL CORP/DE/ (SXI) currently trades at $268.28. The stock lost $4.37 (1.6%) in the most recent trading session. The 52-week high for SXI is $270.87, which means the stock is currently trading -1.0% from its annual peak. The 52-week low is $128.84, putting the stock 108.2% above its annual trough. Recent trading volume was 157K shares, suggesting relatively thin trading activity.
Is SXI Overvalued or Undervalued? — Valuation Analysis
STANDEX INTERNATIONAL CORP/DE/ (SXI) carries a value factor score of 42/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 50.85x, compared to the Industrials sector average of 28.33x — a premium of 79%. The price-to-book ratio stands at 4.39x, versus the sector average of 2.23x. The price-to-sales ratio is 3.68x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, SXI trades at 36.13x EV/EBITDA, versus 5.70x for the sector.
Overall, SXI's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
STANDEX INTERNATIONAL CORP/DE/ Profitability — ROE, Margins, and Quality Score
STANDEX INTERNATIONAL CORP/DE/ (SXI) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 8.6%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 3.9% versus the sector average of 3.3%.
On a margin basis, STANDEX INTERNATIONAL CORP/DE/ reports gross margins of 40.1%, compared to 35.8% for the sector. The operating margin is 11.7% (sector: 6.2%). Net profit margin stands at 7.1%, versus 3.9% for the average Industrials stock. Revenue growth is running at 29.8% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
SXI Debt, Balance Sheet, and Financial Health
STANDEX INTERNATIONAL CORP/DE/ has a debt-to-equity ratio of 76.0%, compared to the Industrials sector average of 70.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.87x, indicating strong short-term liquidity. Total debt on the balance sheet is $535M.
SXI has a beta of 1.26, meaning it is more volatile than the broader market — a $10,000 investment in SXI would be expected to move 26.0% more than the S&P 500 on any given day. The stability factor score for STANDEX INTERNATIONAL CORP/DE/ is 63/100, reflecting average volatility within the normal range for its sector.
STANDEX INTERNATIONAL CORP/DE/ Revenue and Earnings History — Quarterly Trend
In TTM 2026, STANDEX INTERNATIONAL CORP/DE/ reported revenue of $836M and earnings per share (EPS) of $0.17. Net income for the quarter was $60M. Gross margin was 40.1%. Operating income came in at $100M.
In Q2 2026, STANDEX INTERNATIONAL CORP/DE/ reported revenue of $221M and earnings per share (EPS) of $0.17. Net income for the quarter was $21M. Gross margin was 41.7%. Revenue grew 16.6% year-over-year compared to Q2 2025. Operating income came in at $36M.
In Q1 2026, STANDEX INTERNATIONAL CORP/DE/ reported revenue of $217M and earnings per share (EPS) of $1.26. Net income for the quarter was $16M. Gross margin was 41.6%. Revenue grew 27.6% year-over-year compared to Q1 2025. Operating income came in at $30M.
In FY 2025, STANDEX INTERNATIONAL CORP/DE/ reported revenue of $790M and earnings per share (EPS) of $4.68. Net income for the quarter was $58M. Gross margin was 39.9%. Revenue grew 9.6% year-over-year compared to FY 2024. Operating income came in at $94M.
Over the past 8 quarters, STANDEX INTERNATIONAL CORP/DE/ has demonstrated a growth trajectory, with revenue expanding from $721M to $836M. Investors analyzing SXI stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
SXI Dividend Yield and Income Analysis
STANDEX INTERNATIONAL CORP/DE/ (SXI) currently pays a dividend yield of 0.6%. At this yield, a $10,000 investment in SXI stock would generate approximately $$60.00 in annual dividend income. The net margin of 7.1% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
SXI Momentum and Technical Analysis Profile
STANDEX INTERNATIONAL CORP/DE/ (SXI) has a momentum factor score of 64/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 22/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
SXI vs Competitors — Industrials Sector Ranking and Peer Comparison
Comparing SXI against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SXI vs S&P 500 (SPY) comparison to assess how STANDEX INTERNATIONAL CORP/DE/ stacks up against the broader market across all factor dimensions.
SXI Next Earnings Date
No upcoming earnings date has been announced for STANDEX INTERNATIONAL CORP/DE/ (SXI) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy SXI? — Investment Thesis Summary
STANDEX INTERNATIONAL CORP/DE/ presents a balanced picture with arguments on both sides. Price momentum is positive at 64/100, suggesting the trend favors buyers. Low volatility (stability score 63/100) reduces downside risk.
In summary, STANDEX INTERNATIONAL CORP/DE/ (SXI) earns a Hold rating with a composite score of 48.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SXI stock.
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Institutional Research Dossier
STANDEX INTERNATIONAL CORP/DE/ (SXI) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
Standex International currently holds a BCR Action Rating of Hold, a position we believe is justified given the company's mixed financial performance and valuation. While Standex exhibits strong revenue growth and above-average margins compared to its sector, its high P/E ratio and EV/EBITDA multiple raise concerns about overvaluation. The company's debt levels also warrant careful monitoring, and its relatively low investment score suggests potential limitations in future growth initiatives.
The primary takeaway is that while Standex operates in attractive niche markets and demonstrates operational efficiency, its current valuation appears stretched, leaving limited upside potential. Investors should closely monitor the company's ability to sustain its growth trajectory and improve its capital allocation strategies to justify its premium valuation. A more compelling entry point may emerge if the stock price corrects or if the company demonstrates significant improvements in its investment score and debt management.
Business Strategy & Overview
Standex International operates through five distinct segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions. This diversified approach allows Standex to serve a wide range of industries, including aerospace, defense, medical, and food service. The Electronics segment focuses on sensors and transformers, catering to the growing demand for electronic components in various applications. The Engraving segment provides specialized tooling and texturing services, primarily for the automotive and aerospace industries. The Scientific segment offers temperature-controlled equipment, benefiting from the increasing demand for precise temperature control in medical and pharmaceutical research.
The Engineering Technologies segment provides customized solutions for engineered components, targeting high-growth sectors like aerospace and defense. The Specialty Solutions segment manufactures display cases and fluid pump solutions, serving the food service and industrial markets. Standex's strategy revolves around providing niche products and services with high levels of customization and technical expertise. This approach allows the company to command premium pricing and build strong relationships with its customers.
Standex's strategic positioning emphasizes innovation and customer-centric solutions. The company invests in research and development to develop new products and improve existing ones. It also focuses on providing excellent customer service and building long-term relationships with its clients. This strategy has enabled Standex to establish a strong reputation in its target markets and gain a competitive advantage over its rivals.
The company's product pipeline appears to be focused on expanding its offerings within its existing segments. For example, the Electronics segment is developing new sensors and transformers for emerging applications such as electric vehicles and renewable energy. The Engraving segment is expanding its capabilities in advanced texturing and tooling for the aerospace industry. The Scientific segment is developing new temperature-controlled equipment for the biopharmaceutical market. These initiatives suggest that Standex is committed to staying at the forefront of its industry and meeting the evolving needs of its customers.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
29.8%
Sector: 6.4%
+368% VS SCTR
Economic Moat Analysis
Standex International possesses a narrow economic moat, primarily derived from intangible assets and switching costs. In the Engraving segment, the company's specialized tooling and texturing capabilities, particularly for stealth aircraft and automotive applications, represent a form of intangible asset. The expertise and proprietary processes developed over years of experience create a barrier to entry for competitors. Similarly, in the Scientific segment, the company's reputation for high-quality, temperature-controlled equipment in the medical and pharmaceutical industries contributes to its intangible asset moat.
Switching costs also play a role in Standex's moat. For customers who rely on Standex's customized solutions, particularly in the Engineering Technologies segment, the cost and effort of switching to a new supplier can be significant. The company's deep understanding of its customers' specific needs and its ability to provide tailored solutions create a level of stickiness that makes it difficult for competitors to displace Standex.
However, the moat is narrow due to the presence of competition in each of Standex's segments. While the company has established a strong position in its niche markets, it faces competition from larger, more diversified players. The Electronics segment, for example, competes with major sensor and transformer manufacturers. The Specialty Solutions segment faces competition from established display case and fluid pump manufacturers. This competition limits Standex's pricing power and its ability to generate consistently high returns on capital.
Furthermore, the company's reliance on specific industries, such as aerospace and automotive, exposes it to cyclical downturns in those sectors. A slowdown in these industries could negatively impact Standex's revenue and profitability, weakening its moat. Therefore, while Standex has some competitive advantages, they are not strong enough to create a wide moat. The company needs to continue to innovate and differentiate itself from its competitors to maintain its competitive position and strengthen its moat.
Financial Health & Profitability
Standex International's financial health presents a mixed picture. The company has demonstrated strong revenue growth, with a 29.8% increase compared to the sector average of 6.6%. This growth is evident in the quarterly financial history, with revenue consistently increasing over the past few years. However, the company's net income has been more volatile, with significant fluctuations from quarter to quarter. This volatility could be due to various factors, including changes in product mix, fluctuations in raw material costs, and one-time gains or losses.
Standex's gross margin of 40.1% and operating margin of 11.7% are both higher than the sector averages of 35.8% and 6.2%, respectively. This indicates that the company is efficiently managing its costs and generating strong profitability from its operations. However, the company's return on equity (ROE) of 8.6% is slightly lower than the sector average of 9.2%. This could be due to the company's higher debt levels, which increase its financial risk.
Standex's debt-to-equity ratio of 76.00 is higher than the sector average of 70.00, indicating that the company is more leveraged than its peers. This higher leverage could increase the company's financial risk and make it more vulnerable to economic downturns. However, the company's current ratio of 2.87 suggests that it has sufficient liquidity to meet its short-term obligations.
The absence of free cash flow data makes it difficult to assess the company's ability to generate cash from its operations. Free cash flow is a key indicator of a company's financial health, as it represents the cash available to fund investments, acquisitions, and dividends. Without this data, it is difficult to determine whether Standex is generating enough cash to sustain its growth and meet its financial obligations. Overall, Standex's financial health is characterized by strong revenue growth and above-average margins, but also by higher debt levels and volatile net income. The lack of free cash flow data is a concern and warrants further investigation.
Valuation Assessment
Standex International's valuation appears stretched based on several key metrics. The company's P/E ratio of 1,480.6x is significantly higher than the sector average of 27.7x, suggesting that the stock is significantly overvalued relative to its earnings. Similarly, the company's EV/EBITDA multiple of 25.2x is much higher than the sector average of 5.7x, further indicating that the stock is expensive relative to its earnings before interest, taxes, depreciation, and amortization.
These high multiples could be justified if Standex were growing at a significantly faster rate than its peers. While the company's revenue growth of 29.8% is higher than the sector average of 6.6%, it is not clear that this growth rate is sustainable in the long term. Furthermore, the company's net income has been volatile, which makes it difficult to predict its future earnings growth.
The lack of free cash flow data also makes it difficult to assess the company's valuation. Free cash flow is a key indicator of a company's intrinsic value, as it represents the cash available to investors. Without this data, it is difficult to determine whether the stock is trading at a fair price relative to its future cash flows.
Given the company's high valuation multiples, volatile earnings, and lack of free cash flow data, it appears that the stock is currently overvalued. Investors should exercise caution before investing in Standex at its current price. A more compelling entry point may emerge if the stock price corrects or if the company demonstrates significant improvements in its earnings growth and cash flow generation. The Hold rating reflects this cautious stance, suggesting that investors should neither buy nor sell the stock at its current valuation.
Risk & Uncertainty
Standex International faces several specific risks that could negatively impact its business and financial performance. One key risk is the company's reliance on specific industries, such as aerospace, automotive, and medical. A slowdown in these industries could significantly reduce demand for Standex's products and services, leading to lower revenue and profitability. For example, a decline in aircraft production or a decrease in automotive sales could negatively impact the company's Engraving and Engineering Technologies segments.
Another risk is the company's high debt levels. Standex's debt-to-equity ratio of 76.00 is higher than the sector average, which increases its financial risk. Higher debt levels make the company more vulnerable to economic downturns and rising interest rates. If the company is unable to generate sufficient cash flow to service its debt, it could face financial distress.
Competition is also a significant risk for Standex. The company operates in competitive markets, and it faces competition from larger, more diversified players. These competitors may have greater financial resources and broader product offerings, which could put pressure on Standex's pricing and market share. The company needs to continuously innovate and differentiate itself from its competitors to maintain its competitive position.
The company's relatively low investment score of 24/100 also raises concerns about its future growth prospects. A low investment score suggests that the company may not be investing enough in research and development, capital expenditures, or acquisitions to drive future growth. If the company fails to invest adequately in its business, it could lose market share and fall behind its competitors.
Bulls Say / Bears Say
The Bull Case
BULL VIEWStandex's diversified business model across multiple high-growth sectors provides resilience and opportunities for expansion, justifying a premium valuation.
BULL VIEWThe company's consistent revenue growth and above-average margins demonstrate strong operational efficiency and pricing power, leading to sustained profitability.
The Bear Case
BEAR VIEWStandex's excessively high P/E and EV/EBITDA multiples, coupled with volatile net income, indicate significant overvaluation and limited upside potential.
BEAR VIEWThe company's high debt levels and relatively low investment score raise concerns about financial risk and future growth prospects, making the stock unattractive at current levels.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score SXI and 4,400+ other equities.
STANDEX INTERNATIONAL CORP/DE/ exhibits a 337% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
3.9%
Sector: 3.3%
Gross Margin
Pricing power and cost efficiency
40.1%
Sector: 35.8%
Operating Margin
Core business profitability
11.7%
Sector: 6.2%
Net Margin
Bottom-line profitability
7.1%
Sector: 3.9%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield0.00%
Yield Delta—
Income Projection audit
A $10,000 investment would generate approximately $60 annually in dividends at the current trailing rate.
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