STEPPE GOLD LTD (STGO.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:STGO • CA85913R2063

2.1 CAD
+0.13 (+6.6%)
Last: Feb 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall STGO gets a fundamental rating of 6 out of 10. We evaluated STGO against 812 industry peers in the Metals & Mining industry. While STGO belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. STGO is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • STGO had positive earnings in the past year.
  • STGO had a positive operating cash flow in the past year.
  • In multiple years STGO reported negative net income over the last 5 years.
  • STGO had a positive operating cash flow in 4 of the past 5 years.
STGO.CA Yearly Net Income VS EBIT VS OCF VS FCFSTGO.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M

1.2 Ratios

  • STGO has a better Return On Assets (11.99%) than 94.46% of its industry peers.
  • With an excellent Return On Equity value of 30.95%, STGO belongs to the best of the industry, outperforming 97.29% of the companies in the same industry.
  • STGO has a better Return On Invested Capital (14.13%) than 96.18% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for STGO is significantly above the industry average of 12.05%.
  • The last Return On Invested Capital (14.13%) for STGO is well below the 3 year average (25.06%), which needs to be investigated, but indicates that STGO had better years and this may not be a problem.
Industry RankSector Rank
ROA 11.99%
ROE 30.95%
ROIC 14.13%
ROA(3y)20.72%
ROA(5y)8.42%
ROE(3y)66.83%
ROE(5y)-23.79%
ROIC(3y)25.06%
ROIC(5y)N/A
STGO.CA Yearly ROA, ROE, ROICSTGO.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

1.3 Margins

  • The Profit Margin of STGO (29.28%) is better than 96.43% of its industry peers.
  • With an excellent Operating Margin value of 41.82%, STGO belongs to the best of the industry, outperforming 97.54% of the companies in the same industry.
  • STGO has a better Gross Margin (49.74%) than 95.69% of its industry peers.
  • In the last couple of years the Gross Margin of STGO has grown nicely.
Industry RankSector Rank
OM 41.82%
PM (TTM) 29.28%
GM 49.74%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.44%
GM growth 5YN/A
STGO.CA Yearly Profit, Operating, Gross MarginsSTGO.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so STGO is creating value.
  • STGO has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, STGO has more shares outstanding
  • The debt/assets ratio for STGO is higher compared to a year ago.
STGO.CA Yearly Shares OutstandingSTGO.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
STGO.CA Yearly Total Debt VS Total AssetsSTGO.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

  • An Altman-Z score of 2.85 indicates that STGO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • STGO's Altman-Z score of 2.85 is in line compared to the rest of the industry. STGO outperforms 47.29% of its industry peers.
  • The Debt to FCF ratio of STGO is 12.67, which is on the high side as it means it would take STGO, 12.67 years of fcf income to pay off all of its debts.
  • STGO has a better Debt to FCF ratio (12.67) than 89.90% of its industry peers.
  • STGO has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of STGO (1.25) is worse than 74.26% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 12.67
Altman-Z 2.85
ROIC/WACC1.23
WACC11.49%
STGO.CA Yearly LT Debt VS Equity VS FCFSTGO.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

2.3 Liquidity

  • A Current Ratio of 2.80 indicates that STGO has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 2.80, STGO is in line with its industry, outperforming 59.98% of the companies in the same industry.
  • STGO has a Quick Ratio of 1.69. This is a normal value and indicates that STGO is financially healthy and should not expect problems in meeting its short term obligations.
  • STGO has a Quick ratio (1.69) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.8
Quick Ratio 1.69
STGO.CA Yearly Current Assets VS Current LiabilitesSTGO.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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

6

3. Growth

3.1 Past

  • STGO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -42.23%.
  • Looking at the last year, STGO shows a very negative growth in Revenue. The Revenue has decreased by -27.72% in the last year.
  • STGO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 94.93% yearly.
EPS 1Y (TTM)-42.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-57.76%
Revenue 1Y (TTM)-27.72%
Revenue growth 3Y94.93%
Revenue growth 5YN/A
Sales Q2Q%-21.25%

3.2 Future

  • The Earnings Per Share is expected to grow by 177.75% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 104.49% on average over the next years. This is a very strong growth
EPS Next Y514.29%
EPS Next 2Y177.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year240.18%
Revenue Next 2Y104.49%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • 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.
STGO.CA Yearly Revenue VS EstimatesSTGO.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M
STGO.CA Yearly EPS VS EstimatesSTGO.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.2 -0.2 0.4

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Find the best growth stocksShow best growing peers

10

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 8.40, which indicates a very decent valuation of STGO.
  • Based on the Price/Earnings ratio, STGO is valued cheaply inside the industry as 97.17% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 28.03. STGO is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 2.80, which indicates a rather cheap valuation of STGO.
  • Based on the Price/Forward Earnings ratio, STGO is valued cheaper than 98.77% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.97, STGO is valued rather cheaply.
Industry RankSector Rank
PE 8.4
Fwd PE 2.8
STGO.CA Price Earnings VS Forward Price EarningsSTGO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 98.65% of the companies in the same industry are more expensive than STGO, based on the Enterprise Value to EBITDA ratio.
  • STGO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. STGO is cheaper than 94.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF 29.53
EV/EBITDA 4.16
STGO.CA Per share dataSTGO.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.2 0.4 0.6

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • STGO has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as STGO's earnings are expected to grow with 177.75% in the coming years.
PEG (NY)0.02
PEG (5Y)N/A
EPS Next 2Y177.75%
EPS Next 3YN/A

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

0

5. Dividend

5.1 Amount

  • No dividends for STGO!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

STEPPE GOLD LTD

TSX:STGO (2/9/2026, 7:00:00 PM)

2.1

+0.13 (+6.6%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-14
Earnings (Next)03-30
Inst Owners3.16%
Inst Owner ChangeN/A
Ins Owners6.64%
Ins Owner ChangeN/A
Market Cap530.94M
Revenue(TTM)140.31M
Net Income(TTM)41.08M
Analysts82.86
Price Target4.35 (107.14%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly Dividend0.65
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)56.04%
PT rev (3m)9.51%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.57%
Valuation
Industry RankSector Rank
PE 8.4
Fwd PE 2.8
P/S 2.78
P/FCF 29.53
P/OCF 11.08
P/B 2.94
P/tB 2.94
EV/EBITDA 4.16
EPS(TTM)0.25
EY11.9%
EPS(NY)0.75
Fwd EY35.69%
FCF(TTM)0.07
FCFY3.39%
OCF(TTM)0.19
OCFY9.03%
SpS0.76
BVpS0.71
TBVpS0.71
PEG (NY)0.02
PEG (5Y)N/A
Graham Number2
Profitability
Industry RankSector Rank
ROA 11.99%
ROE 30.95%
ROCE 21.46%
ROIC 14.13%
ROICexc 21.27%
ROICexgc 21.27%
OM 41.82%
PM (TTM) 29.28%
GM 49.74%
FCFM 9.42%
ROA(3y)20.72%
ROA(5y)8.42%
ROE(3y)66.83%
ROE(5y)-23.79%
ROIC(3y)25.06%
ROIC(5y)N/A
ROICexc(3y)32.02%
ROICexc(5y)N/A
ROICexgc(3y)32.02%
ROICexgc(5y)N/A
ROCE(3y)42.8%
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 3Y10.44%
GM growth 5YN/A
F-Score4
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 12.67
Debt/EBITDA 2.29
Cap/Depr 162.02%
Cap/Sales 15.69%
Interest Coverage 2.38
Cash Conversion 48.75%
Profit Quality 32.17%
Current Ratio 2.8
Quick Ratio 1.69
Altman-Z 2.85
F-Score4
WACC11.49%
ROIC/WACC1.23
Cap/Depr(3y)92.68%
Cap/Depr(5y)87.13%
Cap/Sales(3y)8.41%
Cap/Sales(5y)8.3%
Profit Quality(3y)100.02%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-42.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-57.76%
EPS Next Y514.29%
EPS Next 2Y177.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-27.72%
Revenue growth 3Y94.93%
Revenue growth 5YN/A
Sales Q2Q%-21.25%
Revenue Next Year240.18%
Revenue Next 2Y104.49%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-32.33%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year0.27%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y83.27%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y228.91%
OCF growth 3YN/A
OCF growth 5YN/A

STEPPE GOLD LTD / STGO.CA FAQ

What is the fundamental rating for STGO stock?

ChartMill assigns a fundamental rating of 6 / 10 to STGO.CA.


What is the valuation status for STGO stock?

ChartMill assigns a valuation rating of 10 / 10 to STEPPE GOLD LTD (STGO.CA). This can be considered as Undervalued.


What is the profitability of STGO stock?

STEPPE GOLD LTD (STGO.CA) has a profitability rating of 8 / 10.


Can you provide the financial health for STGO stock?

The financial health rating of STEPPE GOLD LTD (STGO.CA) is 4 / 10.


Can you provide the dividend sustainability for STGO stock?

The dividend rating of STEPPE GOLD LTD (STGO.CA) is 0 / 10 and the dividend payout ratio is 0%.