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

NASDAQ:STEP • US85914M1071

Current stock price

46.59 USD
+1.69 (+3.76%)
At close:
46.59 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

  • In the past year STEP was profitable.
  • STEP had a positive operating cash flow in the past year.
  • In multiple years STEP reported negative net income over the last 5 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 84.71% 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 Gross Margin of 75.74%. This is amongst the best in the industry. STEP outperforms 83.06% 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

  • The number of shares outstanding for STEP has been increased compared to 1 year ago.
  • The number of shares outstanding for STEP has been increased compared to 5 years ago.
  • Compared to 1 year ago, STEP has a worse debt to assets ratio.
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 -0.21, we must say that STEP is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of STEP (-0.21) is worse than 80.17% of its industry peers.
  • The Debt to FCF ratio of STEP is 14.50, which is on the high side as it means it would take STEP, 14.50 years of fcf income to pay off all of its debts.
  • STEP has a Debt to FCF ratio (14.50) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 14.5
Altman-Z -0.21
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

  • STEP has a Current 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.
  • With a Current ratio value of 0.75, STEP is not doing good in the industry: 64.88% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.75 indicates that STEP may have some problems paying its short term obligations.
  • STEP has a Quick ratio of 0.75. This is in the lower half of the industry: STEP underperforms 64.46% 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.
  • Measured over the past years, STEP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.39% on average per year.
  • STEP shows a strong growth in Revenue. In the last year, the Revenue has grown by 54.45%.
  • Measured over the past years, STEP shows a very strong growth in Revenue. The Revenue has been growing by 21.29% on average per year.
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

  • Based on estimates for the next years, STEP will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.30% on average per year.
  • Based on estimates for the next years, STEP will show a very strong growth in Revenue. The Revenue will grow by 24.06% on average per year.
EPS Next Y5.86%
EPS Next 2Y15.18%
EPS Next 3Y18.3%
EPS Next 5YN/A
Revenue Next Year23.65%
Revenue Next 2Y26.11%
Revenue Next 3Y24.06%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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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Find the best growth stocksShow best growing peers

2

4. STEP Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 20.52 indicates a rather expensive valuation of STEP.
  • Compared to the rest of the industry, the Price/Earnings ratio of STEP indicates a slightly more expensive valuation: STEP is more expensive than 64.46% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of STEP to the average of the S&P500 Index (26.11), we can say STEP is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 17.13, the valuation of STEP can be described as rather expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as STEP.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.12, STEP is valued a bit cheaper.
Industry RankSector Rank
PE 20.52
Fwd PE 17.13
STEP Price Earnings VS Forward Price EarningsSTEP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Price/Free Cash Flow ratio as STEP.
Industry RankSector Rank
P/FCF 297.92
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 2.58%.
  • The stock price of STEP dropped by -26.72% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • Compared to an average industry Dividend Yield of 6.96, STEP has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.91, STEP pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.58%

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

  • The earnings of STEP are negative and hence is the payout ratio. STEP will probably not be able to sustain this dividend level.
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

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STEP Fundamentals: All Metrics, Ratios and Statistics

STEPSTONE GROUP INC-CLASS A

NASDAQ:STEP (3/17/2026, 4:30:00 PM)

After market: 46.59 0 (0%)

46.59

+1.69 (+3.76%)

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-4.65%
Market Cap5.55B
Revenue(TTM)1.79B
Net Income(TTM)-546.52M
Analysts78.57
Price Target81.43 (74.78%)
Short Float %4.99%
Short Ratio2.83
Dividend
Industry RankSector Rank
Dividend Yield 2.58%
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)-0.56%
PT rev (3m)7.52%
EPS NQ rev (1m)2.5%
EPS NQ rev (3m)-2.01%
EPS NY rev (1m)0.16%
EPS NY rev (3m)3.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.45%
Revenue NY rev (1m)-2.99%
Revenue NY rev (3m)9.23%
Valuation
Industry RankSector Rank
PE 20.52
Fwd PE 17.13
P/S 3.1
P/FCF 297.92
P/OCF 239.73
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)2.27
EY4.87%
EPS(NY)2.72
Fwd EY5.84%
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 -0.21
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 2Y26.11%
Revenue Next 3Y24.06%
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%.