STEPPE GOLD LTD (STGO.CA) Fundamental Analysis & Valuation

TSX:STGO • CA85913R2063

1.65 CAD
-0.17 (-9.34%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

6

Taking everything into account, STGO scores 6 out of 10 in our fundamental rating. STGO was compared to 816 industry peers in the Metals & Mining industry. STGO scores excellent on profitability, but there are some minor concerns on its financial health. STGO scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

8

1. STGO.CA Profitability Analysis

1.1 Basic Checks

  • In the past year STGO was profitable.
  • 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's Return On Assets of 11.99% is amongst the best of the industry. STGO outperforms 93.38% of its industry peers.
  • The Return On Equity of STGO (30.95%) is better than 97.06% of its industry peers.
  • STGO has a better Return On Invested Capital (14.13%) than 95.96% of its industry peers.
  • STGO had an Average Return On Invested Capital over the past 3 years of 25.06%. This is significantly above the industry average of 12.59%.
  • 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

  • With an excellent Profit Margin value of 29.28%, STGO belongs to the best of the industry, outperforming 95.83% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 41.82%, STGO belongs to the top of the industry, outperforming 97.30% of the companies in the same industry.
  • STGO's Gross Margin of 49.74% is amongst the best of the industry. STGO outperforms 94.98% 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. STGO.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so STGO is creating value.
  • Compared to 1 year ago, STGO has more shares outstanding
  • 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 2.69 indicates that STGO is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.69, STGO is in line with its industry, outperforming 46.81% of the companies in the same industry.
  • STGO has a debt to FCF ratio of 12.67. This is a negative value and a sign of low solvency as STGO would need 12.67 years to pay back of all of its debts.
  • The Debt to FCF ratio of STGO (12.67) is better than 89.95% 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.
  • STGO's Debt to Equity ratio of 1.25 is on the low side compared to the rest of the industry. STGO is outperformed by 73.53% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.25
Debt/FCF 12.67
Altman-Z 2.69
ROIC/WACC1.27
WACC11.09%
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

  • STGO has a Current Ratio of 2.80. This indicates that STGO is financially healthy and has no problem in meeting its short term obligations.
  • STGO's Current ratio of 2.80 is in line compared to the rest of the industry. STGO outperforms 59.93% of its industry peers.
  • 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's Quick ratio of 1.69 is in line compared to the rest of the industry. STGO outperforms 50.74% of its industry peers.
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. STGO.CA Growth Analysis

3.1 Past

  • The earnings per share for STGO have decreased strongly by -42.23% in the last year.
  • The Revenue for STGO has decreased by -27.72% in the past year. This is quite bad
  • 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

  • Based on estimates for the next years, STGO will show a very strong growth in Earnings Per Share. The EPS will grow by 177.75% on average per year.
  • Based on estimates for the next years, STGO will show a very strong growth in Revenue. The Revenue will grow by 128.02% on average per year.
EPS Next Y514.29%
EPS Next 2Y177.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year382.49%
Revenue Next 2Y128.02%
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 accelerating.
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 250M
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. STGO.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 6.60 indicates a rather cheap valuation of STGO.
  • Based on the Price/Earnings ratio, STGO is valued cheaper than 97.43% of the companies in the same industry.
  • STGO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.83.
  • A Price/Forward Earnings ratio of 2.19 indicates a rather cheap valuation of STGO.
  • Based on the Price/Forward Earnings ratio, STGO is valued cheaply inside the industry as 99.02% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 24.95. STGO is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.6
Fwd PE 2.19
STGO.CA Price Earnings VS Forward Price EarningsSTGO.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 99.26% of the companies in the same industry are more expensive than STGO, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, STGO is valued cheaply inside the industry as 95.59% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 23.09
EV/EBITDA 3.42
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

  • STGO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of STGO may justify a higher PE ratio.
  • STGO's earnings are expected to grow with 177.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
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. STGO.CA Dividend Analysis

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

STGO.CA Fundamentals: All Metrics, Ratios and Statistics

STEPPE GOLD LTD

TSX:STGO (3/3/2026, 7:00:00 PM)

1.65

-0.17 (-9.34%)

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 Cap417.17M
Revenue(TTM)140.31M
Net Income(TTM)41.08M
Analysts82.86
Price Target4.35 (163.64%)
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)41.83%
Revenue NY rev (3m)32.07%
Valuation
Industry RankSector Rank
PE 6.6
Fwd PE 2.19
P/S 2.17
P/FCF 23.09
P/OCF 8.66
P/B 2.3
P/tB 2.3
EV/EBITDA 3.42
EPS(TTM)0.25
EY15.15%
EPS(NY)0.75
Fwd EY45.63%
FCF(TTM)0.07
FCFY4.33%
OCF(TTM)0.19
OCFY11.54%
SpS0.76
BVpS0.72
TBVpS0.72
PEG (NY)0.01
PEG (5Y)N/A
Graham Number2.01
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 2.69
F-Score4
WACC11.09%
ROIC/WACC1.27
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 Year382.49%
Revenue Next 2Y128.02%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-32.33%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year56.75%
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%.