STGO Fundamental Analysis - STEPPE GOLD LTD

Fundamental Rating

Overall STGO gets a fundamental rating of 6 out of 10. We evaluated STGO against 813 industry peers in the Metals & Mining industry. While STGO has a great profitability rating, 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. This makes STGO very considerable for value investing!

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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.
The reported net income has been mixed in the past 5 years: STGO reported negative net income in multiple years.
STGO had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of 11.99%, STGO belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
The Return On Equity of STGO (30.95%) is better than 97.17% of its industry peers.
STGO's Return On Invested Capital of 14.13% is amongst the best of the industry. STGO outperforms 96.43% 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 11.94%.
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 Rank	Sector 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

1.3 Margins

STGO has a better Profit Margin (29.28%) than 96.43% of its industry peers.
The Operating Margin of STGO (41.82%) is better than 97.54% of its industry peers.
STGO has a Gross Margin of 49.74%. This is amongst the best in the industry. STGO outperforms 95.69% of its industry peers.
STGO's Gross Margin has improved in the last couple of years.

		Industry Rank	Sector 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

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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.

2.2 Solvency

An Altman-Z score of 2.78 indicates that STGO is not a great score, but indicates only limited risk for bankruptcy at the moment.
STGO has a Altman-Z score (2.78) which is in line with its industry peers.
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.
STGO's Debt to FCF ratio of 12.67 is amongst the best of the industry. STGO outperforms 89.79% 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 has a Debt to Equity ratio of 1.25. This is in the lower half of the industry: STGO underperforms 74.05% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	1.25
Debt/FCF	12.67
Altman-Z	2.78

ROIC/WACC1.34

WACC10.51%

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.
With a decent Current ratio value of 2.80, STGO is doing good in the industry, outperforming 60.39% 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's Quick ratio of 1.69 is in line compared to the rest of the industry. STGO outperforms 50.55% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	2.8
Quick Ratio	1.69

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for STGO have decreased strongly by -42.23% in the last year.
STGO shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -27.72%.
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.
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.

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4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 7.73, the valuation of STGO can be described as very cheap.
STGO's Price/Earnings ratio is rather cheap when compared to the industry. STGO is cheaper than 97.17% of the companies in the same industry.
STGO is valuated cheaply when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
STGO is valuated cheaply with a Price/Forward Earnings ratio of 2.63.
Based on the Price/Forward Earnings ratio, STGO is valued cheaply inside the industry as 98.89% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of STGO to the average of the S&P500 Index (24.31), we can say STGO is valued rather cheaply.

		Industry Rank	Sector Rank
PE	7.73
Fwd PE	2.63

4.2 Price Multiples

STGO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. STGO is cheaper than 98.77% of the companies in the same industry.
STGO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. STGO is cheaper than 94.96% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	27.71
EV/EBITDA	3.83

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.
STGO has an outstanding profitability rating, which 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)0.02

PEG (5Y)N/A

EPS Next 2Y177.75%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

No dividends for STGO!.

		Industry Rank	Sector Rank
Dividend Yield	0%

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STEPPE GOLD LTD

TSX:STGO (1/14/2026, 7:00:00 PM)

2.01

-0.03 (-1.47%)

Chartmill FA Rating

GICS SectorMaterials

GICS IndustryGroupMaterials

GICS IndustryMetals & Mining

Earnings (Last)11-14 2025-11-14

Earnings (Next)03-30 2026-03-30/amc

Inst Owners3.16%

Inst Owner ChangeN/A

Ins Owners6.64%

Ins Owner ChangeN/A

Market Cap508.19M

Revenue(TTM)140.31M

Net Income(TTM)41.08M

Analysts82.86

Price Target2.78 (38.31%)

Short Float %N/A

Short RatioN/A

Dividend

		Industry Rank	Sector Rank
Dividend Yield	0%

Yearly Dividend0.66

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)0%

PT rev (3m)-16.51%

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 Rank	Sector Rank
PE	7.73
Fwd PE	2.63
P/S	2.61
P/FCF	27.71
P/OCF	10.4
P/B	2.76
P/tB	2.76
EV/EBITDA	3.83

EPS(TTM)0.26

EY12.94%

EPS(NY)0.76

Fwd EY38.03%

FCF(TTM)0.07

FCFY3.61%

OCF(TTM)0.19

OCFY9.62%

SpS0.77

BVpS0.73

TBVpS0.73

PEG (NY)0.02

PEG (5Y)N/A

Graham Number2.06

Profitability

		Industry Rank	Sector 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 Rank	Sector 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	2.78

F-Score4

WACC10.51%

ROIC/WACC1.34

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 5 / 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%.

STEPPE GOLD LTD (STGO.CA) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

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2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

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STEPPE GOLD LTD / STGO.CA FAQ

What is the fundamental rating for STGO stock?

What is the valuation status for STGO stock?

What is the profitability of STGO stock?

Can you provide the financial health for STGO stock?

Can you provide the dividend sustainability for STGO stock?