STEPSTONE GROUP INC-CLASS A (STEP) Fundamental Analysis & Valuation

NASDAQ:STEP • US85914M1071

Current stock price

46.51 USD
+1.02 (+2.24%)
At close:
46.51 USD
0 (0%)
After Hours:

This STEP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. STEP Profitability Analysis

1.1 Basic Checks

  • STEP had positive earnings in the past year.
  • STEP had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: STEP reported negative net income in multiple years.
  • STEP had a positive operating cash flow in each of the past 5 years.
STEP Yearly Net Income VS EBIT VS OCF VS FCFSTEP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • STEP has a Return On Assets of -10.43%. This is amonst the worse of the industry: STEP underperforms 86.25% of its industry peers.
Industry RankSector Rank
ROA -10.43%
ROE N/A
ROIC N/A
ROA(3y)-0.97%
ROA(5y)1.29%
ROE(3y)-28.2%
ROE(5y)-7.16%
ROIC(3y)N/A
ROIC(5y)N/A
STEP Yearly ROA, ROE, ROICSTEP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

1.3 Margins

  • STEP has a better Gross Margin (75.74%) than 82.92% of its industry peers.
  • STEP's Gross Margin has improved in the last couple of years.
  • STEP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 75.74%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.98%
GM growth 5Y2.12%
STEP Yearly Profit, Operating, Gross MarginsSTEP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 100 150 200

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. STEP Health Analysis

2.1 Basic Checks

  • STEP has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for STEP has been increased compared to 5 years ago.
  • The debt/assets ratio for STEP is higher compared to a year ago.
STEP Yearly Shares OutstandingSTEP Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
STEP Yearly Total Debt VS Total AssetsSTEP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of -0.19, we must say that STEP is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of -0.19, STEP is not doing good in the industry: 79.58% of the companies in the same industry are doing better.
  • STEP has a debt to FCF ratio of 14.50. This is a negative value and a sign of low solvency as STEP would need 14.50 years to pay back of all of its debts.
  • STEP's Debt to FCF ratio of 14.50 is in line compared to the rest of the industry. STEP outperforms 57.08% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 14.5
Altman-Z -0.19
ROIC/WACCN/A
WACCN/A
STEP Yearly LT Debt VS Equity VS FCFSTEP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 0.75 indicates that STEP may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.75, STEP is doing worse than 65.83% of the companies in the same industry.
  • STEP has a Quick Ratio of 0.75. This is a bad value and indicates that STEP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • STEP has a worse Quick ratio (0.75) than 65.42% of its industry peers.
Industry RankSector Rank
Current Ratio 0.75
Quick Ratio 0.75
STEP Yearly Current Assets VS Current LiabilitesSTEP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

9

3. STEP Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 33.53% over the past year.
  • STEP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.39% yearly.
  • The Revenue has grown by 54.45% in the past year. This is a very strong growth!
  • The Revenue has been growing by 21.29% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)33.53%
EPS 3Y8.39%
EPS 5YN/A
EPS Q2Q%47.73%
Revenue 1Y (TTM)54.45%
Revenue growth 3Y-4.87%
Revenue growth 5Y21.29%
Sales Q2Q%112.26%

3.2 Future

  • The Earnings Per Share is expected to grow by 18.30% on average over the next years. This is quite good.
  • STEP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.08% yearly.
EPS Next Y5.86%
EPS Next 2Y15.18%
EPS Next 3Y18.3%
EPS Next 5YN/A
Revenue Next Year23.65%
Revenue Next 2Y27.09%
Revenue Next 3Y24.08%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
STEP Yearly Revenue VS EstimatesSTEP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 500M 1B 1.5B
STEP Yearly EPS VS EstimatesSTEP Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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2

4. STEP Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 20.49 indicates a rather expensive valuation of STEP.
  • Based on the Price/Earnings ratio, STEP is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
  • Compared to an average S&P500 Price/Earnings ratio of 24.75, STEP is valued at the same level.
  • A Price/Forward Earnings ratio of 17.10 indicates a rather expensive valuation of STEP.
  • STEP's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, STEP is valued a bit cheaper.
Industry RankSector Rank
PE 20.49
Fwd PE 17.1
STEP Price Earnings VS Forward Price EarningsSTEP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of STEP is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 297.41
EV/EBITDA N/A
STEP Per share dataSTEP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 -10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates STEP does not grow enough to justify the current Price/Earnings ratio.
  • STEP's earnings are expected to grow with 18.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.5
PEG (5Y)N/A
EPS Next 2Y15.18%
EPS Next 3Y18.3%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. STEP Dividend Analysis

5.1 Amount

  • STEP has a Yearly Dividend Yield of 2.39%. Purely for dividend investing, there may be better candidates out there.
  • In the last 3 months the price of STEP has falen by -30.18%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 6.85, STEP has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, STEP pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.39%

5.2 History

  • STEP has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
STEP Yearly Dividends per shareSTEP Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • STEP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-20.62%
EPS Next 2Y15.18%
EPS Next 3Y18.3%
STEP Yearly Income VS Free CF VS DividendSTEP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

More info and screens

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STEP Fundamentals: All Metrics, Ratios and Statistics

STEPSTONE GROUP INC-CLASS A

NASDAQ:STEP (3/30/2026, 8:00:01 PM)

After market: 46.51 0 (0%)

46.51

+1.02 (+2.24%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)05-20
Inst Owners100.99%
Inst Owner Change5.95%
Ins Owners5.1%
Ins Owner Change-0.2%
Market Cap5.54B
Revenue(TTM)1.79B
Net Income(TTM)-546.52M
Analysts78.57
Price Target79.39 (70.69%)
Short Float %5.42%
Short Ratio2.97
Dividend
Industry RankSector Rank
Dividend Yield 2.39%
Yearly Dividend1.07
Dividend Growth(5Y)N/A
DP-20.62%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.47%
Min EPS beat(2)7.83%
Max EPS beat(2)9.12%
EPS beat(4)3
Avg EPS beat(4)14.77%
Min EPS beat(4)-8.03%
Max EPS beat(4)50.15%
EPS beat(8)5
Avg EPS beat(8)12.32%
EPS beat(12)6
Avg EPS beat(12)8.88%
EPS beat(16)8
Avg EPS beat(16)7.87%
Revenue beat(2)2
Avg Revenue beat(2)10.31%
Min Revenue beat(2)0.56%
Max Revenue beat(2)20.07%
Revenue beat(4)3
Avg Revenue beat(4)15.4%
Min Revenue beat(4)-8.78%
Max Revenue beat(4)49.78%
Revenue beat(8)5
Avg Revenue beat(8)10.4%
Revenue beat(12)5
Avg Revenue beat(12)5.52%
Revenue beat(16)6
Avg Revenue beat(16)-17.14%
PT rev (1m)-2.51%
PT rev (3m)4.47%
EPS NQ rev (1m)1.46%
EPS NQ rev (3m)0.31%
EPS NY rev (1m)0.16%
EPS NY rev (3m)4.05%
Revenue NQ rev (1m)2.02%
Revenue NQ rev (3m)2.48%
Revenue NY rev (1m)2.9%
Revenue NY rev (3m)9.23%
Valuation
Industry RankSector Rank
PE 20.49
Fwd PE 17.1
P/S 3.09
P/FCF 297.41
P/OCF 239.32
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)2.27
EY4.88%
EPS(NY)2.72
Fwd EY5.85%
FCF(TTM)0.16
FCFY0.34%
OCF(TTM)0.19
OCFY0.42%
SpS15.03
BVpS-3.18
TBVpS-10.01
PEG (NY)3.5
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -10.43%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 75.74%
FCFM 1.04%
ROA(3y)-0.97%
ROA(5y)1.29%
ROE(3y)-28.2%
ROE(5y)-7.16%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.98%
GM growth 5Y2.12%
F-Score3
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 14.5
Debt/EBITDA N/A
Cap/Depr 9.9%
Cap/Sales 0.25%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.75
Quick Ratio 0.75
Altman-Z -0.19
F-Score3
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)21.41%
Cap/Depr(5y)19.13%
Cap/Sales(3y)4.06%
Cap/Sales(5y)2.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.53%
EPS 3Y8.39%
EPS 5YN/A
EPS Q2Q%47.73%
EPS Next Y5.86%
EPS Next 2Y15.18%
EPS Next 3Y18.3%
EPS Next 5YN/A
Revenue 1Y (TTM)54.45%
Revenue growth 3Y-4.87%
Revenue growth 5Y21.29%
Sales Q2Q%112.26%
Revenue Next Year23.65%
Revenue Next 2Y27.09%
Revenue Next 3Y24.08%
Revenue Next 5YN/A
EBIT growth 1Y-460.39%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year36.25%
EBIT Next 3Y23.7%
EBIT Next 5YN/A
FCF growth 1Y-85.9%
FCF growth 3Y-34.43%
FCF growth 5Y-1.67%
OCF growth 1Y-84.9%
OCF growth 3Y-32.84%
OCF growth 5Y-0.3%

STEPSTONE GROUP INC-CLASS A / STEP Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for STEPSTONE GROUP INC-CLASS A?

ChartMill assigns a fundamental rating of 3 / 10 to STEP.


What is the valuation status of STEPSTONE GROUP INC-CLASS A (STEP) stock?

ChartMill assigns a valuation rating of 2 / 10 to STEPSTONE GROUP INC-CLASS A (STEP). This can be considered as Overvalued.


Can you provide the profitability details for STEPSTONE GROUP INC-CLASS A?

STEPSTONE GROUP INC-CLASS A (STEP) has a profitability rating of 3 / 10.


What is the expected EPS growth for STEPSTONE GROUP INC-CLASS A (STEP) stock?

The Earnings per Share (EPS) of STEPSTONE GROUP INC-CLASS A (STEP) is expected to grow by 5.86% in the next year.


Can you provide the dividend sustainability for STEP stock?

The dividend rating of STEPSTONE GROUP INC-CLASS A (STEP) is 3 / 10 and the dividend payout ratio is -20.62%.