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

NASDAQ:STEP • US85914M1071

Current stock price

51.82 USD
-3.1 (-5.64%)
At close:
51.82 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.
  • In the past year STEP had a positive cash flow from operations.
  • 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's Return On Assets of -10.43% is on the low side compared to the rest of the industry. STEP is outperformed by 85.83% 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 82.50% of its industry peers.
  • In the last couple of years the Gross Margin of STEP has grown nicely.
  • 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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0

2. STEP Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for STEP has been increased compared to 1 year ago.
  • Compared to 5 years ago, STEP has more shares outstanding
  • 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

  • STEP has an Altman-Z score of -0.12. This is a bad value and indicates that STEP is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.12, STEP is doing worse than 80.42% of the companies in the same industry.
  • 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.
  • The Debt to FCF ratio of STEP (14.50) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 14.5
Altman-Z -0.12
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.
  • Looking at the Quick ratio, with a value of 0.75, STEP is doing worse than 65.42% of the companies in the same industry.
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

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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.
  • Looking at the last year, STEP shows a very strong growth in Revenue. The Revenue has grown by 54.45%.
  • 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

  • STEP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.91% yearly.
  • STEP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.43% yearly.
EPS Next Y6.46%
EPS Next 2Y15.18%
EPS Next 3Y17.91%
EPS Next 5YN/A
Revenue Next Year23.65%
Revenue Next 2Y25.02%
Revenue Next 3Y22.43%
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.
  • 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

  • Based on the Price/Earnings ratio of 22.83, the valuation of STEP can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of STEP indicates a slightly more expensive valuation: STEP is more expensive than 66.25% of the companies listed in the same industry.
  • STEP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.42.
  • STEP is valuated rather expensively with a Price/Forward Earnings ratio of 19.05.
  • STEP's Price/Forward Earnings ratio is in line with the industry average.
  • STEP is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.83
Fwd PE 19.05
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

  • STEP's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 331.36
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 an expensive valuation of the company.
  • A more expensive valuation may be justified as STEP's earnings are expected to grow with 17.91% in the coming years.
PEG (NY)3.53
PEG (5Y)N/A
EPS Next 2Y15.18%
EPS Next 3Y17.91%

More info and screens

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

2

5. STEP Dividend Analysis

5.1 Amount

  • STEP has a Yearly Dividend Yield of 2.04%.
  • The stock price of STEP dropped by -29.08% 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.
  • STEP's Dividend Yield is comparable with the industry average which is at 6.51.
  • Compared to an average S&P500 Dividend Yield of 1.81, STEP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.04%

5.2 History

  • STEP has been paying a dividend for over 5 years, so it has already some track record.
  • STEP has decreased its dividend recently.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
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 3Y17.91%
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 (4/24/2026, 8:09:39 PM)

After market: 51.82 0 (0%)

51.82

-3.1 (-5.64%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)05-21
Inst Owners101.18%
Inst Owner Change0.55%
Ins Owners5.22%
Ins Owner Change-0.2%
Market Cap6.17B
Revenue(TTM)1.79B
Net Income(TTM)-546.52M
Analysts80
Price Target76.35 (47.34%)
Short Float %5.47%
Short Ratio2.84
Dividend
Industry RankSector Rank
Dividend Yield 2.04%
Yearly Dividend1.07
Dividend Growth(5Y)N/A
DP-20.62%
Div Incr Years1
Div Non Decr Years1
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)-6.23%
PT rev (3m)-0.38%
EPS NQ rev (1m)0.48%
EPS NQ rev (3m)0.95%
EPS NY rev (1m)0.56%
EPS NY rev (3m)3.11%
Revenue NQ rev (1m)-0.92%
Revenue NQ rev (3m)1.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.9%
Valuation
Industry RankSector Rank
PE 22.83
Fwd PE 19.05
P/S 3.45
P/FCF 331.36
P/OCF 266.64
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)2.27
EY4.38%
EPS(NY)2.72
Fwd EY5.25%
FCF(TTM)0.16
FCFY0.3%
OCF(TTM)0.19
OCFY0.38%
SpS15.03
BVpS-3.18
TBVpS-10.01
PEG (NY)3.53
PEG (5Y)N/A
Graham Number0 (-100%)
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 -0.12
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 Y6.46%
EPS Next 2Y15.18%
EPS Next 3Y17.91%
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 2Y25.02%
Revenue Next 3Y22.43%
Revenue Next 5YN/A
EBIT growth 1Y-460.39%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year48.98%
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 1 / 10 to STEPSTONE GROUP INC-CLASS A (STEP). This can be considered as Overvalued.


What is the profitability of STEP stock?

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


Can you provide the PE and PB ratios for STEP stock?

The Price/Earnings (PE) ratio for STEPSTONE GROUP INC-CLASS A (STEP) is 22.83 and the Price/Book (PB) ratio is -16.3.


Can you provide the financial health for STEP stock?

The financial health rating of STEPSTONE GROUP INC-CLASS A (STEP) is 0 / 10.