TacticScaleWhat Standex International Does & How It Makes Money (SXI)
Updated October 2026 · reflects Standex International's latest reported financials
Diversified maker of electronic components, sensors, and engineered industrial products. It earns revenue by manufacturing and selling engineered components, equipment, and related services to commercial and industrial customers in the U.S.
How Standex International makes money
It earns revenue by manufacturing and selling engineered components, equipment, and related services to commercial and industrial customers in the U.S. and abroad, across five segments sold under many niche brands.
What Standex International does
Standex International is a diversified industrial manufacturer founded in 1955 and headquartered in Salem, New Hampshire. It operates through its Electronics, Aerospace & Defense, Scientific, and Engraving & Hydraulics segments, selling to commercial and industrial markets in the United States and internationally. The Electronics business makes reed relays, sensors, transformers, inductors, and related assemblies under brands such as Standex-Meder, Renco, and Minntronix. Engraving provides mold texturizing, roll engraving, and tooling through Mold Tech and related brands, and also makes low-observable vents for stealth aircraft. Aerospace & Defense (Spincraft, McStarlite) produces net-formed components for aviation, space, energy, and defense. Scientific supplies temperature-controlled equipment for medical, pharmaceutical, and biotech customers. Hydraulics offers telescopic and piston rod cylinders.
Products & services
- Reed relays and sensors (Standex-Meder Electronics)
- Transformers, inductors and magnetics (Renco, Agile Magnetics, Minntronix)
- Mold texturizing and roll engraving (Mold Tech)
- Net-formed aerospace and defense components (Spincraft)
- Lab and medical cold storage (American BioTech Supply, Cryosafe)
- Telescopic hydraulic cylinders (Custom Hoists)
What is Standex International worth?
On an owner-earnings DCF, Standex International's most-likely value is about $132 versus a recent price near $285 (54% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$61) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
⚠ High leverage — net debt is 6.2× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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