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

NASDAQ:STEP • US85914M1071

Current stock price

51.42 USD
-0.31 (-0.6%)
Last:

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.
  • STEP had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: STEP reported negative net income in multiple years.
  • Each year in the past 5 years STEP had a positive operating cash flow.
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

  • The Return On Assets of STEP (-10.43%) is worse than 85.77% 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

  • The Gross Margin of STEP (75.74%) is better than 82.43% of its industry peers.
  • STEP's Gross Margin has improved in the last couple of years.
  • The Profit Margin and Operating Margin are not available for STEP so they could not be analyzed.
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

  • STEP has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, STEP has more shares outstanding
  • 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

  • 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.
  • With a Altman-Z score value of -0.12, STEP is not doing good in the industry: 80.33% of the companies in the same industry are doing better.
  • STEP has a debt to FCF ratio of 14.50. This is a negative value and a sign of low solvency as STEP would need 14.50 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 14.50, STEP is in line with its industry, outperforming 56.90% of the companies in the same 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.
  • STEP's Current ratio of 0.75 is on the low side compared to the rest of the industry. STEP is outperformed by 65.69% of its industry peers.
  • A Quick Ratio of 0.75 indicates that STEP may have some problems paying its short term obligations.
  • The Quick ratio of STEP (0.75) is worse than 65.27% 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

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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.
  • STEP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.39% yearly.
  • 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

  • The Earnings Per Share is expected to grow by 17.91% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 22.43% on average over the next years. This is a very strong growth
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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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2

4. STEP Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.65, which indicates a rather expensive current 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 66.11% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of STEP to the average of the S&P500 Index (26.91), we can say STEP is valued inline with the index average.
  • The Price/Forward Earnings ratio is 18.91, which indicates a rather expensive current valuation of STEP.
  • 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 21.99, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.65
Fwd PE 18.91
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 328.8
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.
  • STEP's earnings are expected to grow with 17.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.51
PEG (5Y)N/A
EPS Next 2Y15.18%
EPS Next 3Y17.91%

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

2

5. STEP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.04%, STEP has a reasonable but not impressive dividend return.
  • In the last 3 months the price of STEP has falen by -26.82%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 6.53, STEP has a dividend in line with its industry peers.
  • STEP's Dividend Yield is comparable with the S&P500 average which is at 1.82.
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

  • 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 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 (4/29/2026, 1:09:28 PM)

51.42

-0.31 (-0.6%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Industry Strength27.95
Industry Growth53.42
Earnings (Last)02-05
Earnings (Next)05-21
Inst Owners101.18%
Inst Owner Change0.56%
Ins Owners5.22%
Ins Owner Change-0.2%
Market Cap6.13B
Revenue(TTM)1.79B
Net Income(TTM)-546.52M
Analysts80
Price Target76.35 (48.48%)
Short Float %5.61%
Short Ratio3.12
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 22.65
Fwd PE 18.91
P/S 3.42
P/FCF 328.8
P/OCF 264.58
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)2.27
EY4.41%
EPS(NY)2.72
Fwd EY5.29%
FCF(TTM)0.16
FCFY0.3%
OCF(TTM)0.19
OCFY0.38%
SpS15.03
BVpS-3.18
TBVpS-10.01
PEG (NY)3.51
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 2 / 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 22.65 and the Price/Book (PB) ratio is -16.18.


Can you provide the financial health for STEP stock?

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