(STEP) Stepstone - Ratings and Ratios
Funds, Direct, Secondaries, Advisory, Data
STEP EPS (Earnings per Share)
STEP Revenue
Description: STEP Stepstone
StepStone Group Inc. (NASDAQ:STEP) is a global private equity and venture capital firm that invests across various asset classes and geographies. The firms diverse investment strategies include primary, direct, fund of funds, secondary direct, and secondary indirect investments, with a focus on mature and middle-market companies. StepStones investment preferences span multiple industries, including natural resources, technology, healthcare, and financials, among others.
Key Performance Indicators (KPIs) for StepStone Group Inc. may include Assets Under Management (AUM), investment performance (e.g., IRR, multiple on invested capital), and fundraising success. As a listed company, STEPs financial performance is also reflected in its revenue growth, net income, and profitability margins. The firms global presence, with offices across North America, South America, Europe, Asia, and Australia, is likely to be a key driver of its investment opportunities and fundraising capabilities.
From a valuation perspective, STEPs Market Cap of $7.5 billion and Forward P/E of 33.78 suggest that investors are pricing in expectations for future earnings growth. The firms Return on Equity (RoE) of -62.26% is a concern, indicating that the company is currently unprofitable on a net income basis. However, this metric may be influenced by various factors, including accounting treatments and one-time items. As a Trading Analyst, it is essential to dig deeper into the companys financials and assess the underlying drivers of its performance.
To evaluate STEPs investment potential, it is crucial to analyze its investment performance, AUM growth, and revenue streams. Additionally, assessing the competitive landscape and the firms positioning within the private equity and venture capital industry can provide valuable insights. By examining these factors, investors can better understand StepStone Group Inc.s strengths, weaknesses, and prospects for future growth.
STEP Stock Overview
| Market Cap in USD | 7,622m |
| Sub-Industry | Asset Management & Custody Banks |
| IPO / Inception | 2020-09-16 |
STEP Stock Ratings
| Growth Rating | 52.7% |
| Fundamental | 35.6% |
| Dividend Rating | 74.3% |
| Return 12m vs S&P 500 | -8.46% |
| Analyst Rating | 3.83 of 5 |
STEP Dividends
| Dividend Yield 12m | 2.27% |
| Yield on Cost 5y | 5.88% |
| Annual Growth 5y | 42.88% |
| Payout Consistency | 98.6% |
| Payout Ratio | 71.1% |
STEP Growth Ratios
| Growth Correlation 3m | 74.6% |
| Growth Correlation 12m | 6.8% |
| Growth Correlation 5y | 53.8% |
| CAGR 5y | 38.15% |
| CAGR/Max DD 3y (Calmar Ratio) | 1.00 |
| CAGR/Mean DD 3y (Pain Ratio) | 3.64 |
| Sharpe Ratio 12m | 0.00 |
| Alpha | -13.66 |
| Beta | 1.361 |
| Volatility | 40.40% |
| Current Volume | 506.9k |
| Average Volume 20d | 623.1k |
| Stop Loss | 58 (-5.8%) |
| Signal | -0.72 |
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income (-231.3m TTM) > 0 and > 6% of Revenue (6% = 81.3m TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA -2.54pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -0.10% (prev 28.56%; Δ -28.67pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.01 (>3.0%) and CFO 61.0m > Net Income -231.3m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 1.00 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (77.8m) change vs 12m ago 13.49% (target <= -2.0% for YES) |
| Gross Margin 13.02% (prev 51.53%; Δ -38.51pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 31.44% (prev 18.78%; Δ 12.67pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -22.64 (EBITDA TTM -276.9m / Interest Expense TTM 14.2m) >= 6 (WARN >= 3) |
Altman Z'' -0.84
| (A) -0.00 = (Total Current Assets 2.03b - Total Current Liabilities 2.03b) / Total Assets 4.78b |
| (B) -0.07 = Retained Earnings (Balance) -332.0m / Total Assets 4.78b |
| (C) -0.07 = EBIT TTM -322.5m / Avg Total Assets 4.31b |
| (D) -0.11 = Book Value of Equity -330.9m / Total Liabilities 3.08b |
| Total Rating: -0.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 35.60
| 1. Piotroski 1.0pt = -4.0 |
| 2. FCF Yield 0.71% = 0.36 |
| 3. FCF Margin 4.09% = 1.02 |
| 4. Debt/Equity 2.48 = 0.03 |
| 5. Debt/Ebitda -0.50 = -2.50 |
| 6. ROIC - WACC (= -52.36)% = -12.50 |
| 7. RoE -98.37% = -2.50 |
| 8. Rev. Trend 63.45% = 4.76 |
| 9. EPS Trend 18.56% = 0.93 |
What is the price of STEP shares?
Over the past week, the price has changed by -5.87%, over one month by -5.00%, over three months by +0.97% and over the past year by +5.48%.
Is Stepstone a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of STEP is around 64.92 USD . This means that STEP is currently overvalued and has a potential downside of 5.42%.
Is STEP a buy, sell or hold?
- Strong Buy: 2
- Buy: 1
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the STEP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 72.1 | 17.1% |
| Analysts Target Price | 72.1 | 17.1% |
| ValueRay Target Price | 73.7 | 19.7% |
Last update: 2025-10-20 04:03
STEP Fundamental Data Overview
P/E Forward = 34.7222
P/S = 5.6347
P/B = 33.0017
Beta = 1.361
Revenue TTM = 1.35b USD
EBIT TTM = -322.5m USD
EBITDA TTM = -276.9m USD
Long Term Debt = 112.5m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 269.6m USD (from shortTermDebt, last quarter)
Debt = 382.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 137.9m USD (from netDebt column, last quarter)
Enterprise Value = 7.76b USD (7.62b + Debt 382.1m - CCE 244.1m)
Interest Coverage Ratio = -22.64 (Ebit TTM -322.5m / Interest Expense TTM 14.2m)
FCF Yield = 0.71% (FCF TTM 55.4m / Enterprise Value 7.76b)
FCF Margin = 4.09% (FCF TTM 55.4m / Revenue TTM 1.35b)
Net Margin = -17.07% (Net Income TTM -231.3m / Revenue TTM 1.35b)
Gross Margin = 13.02% ((Revenue TTM 1.35b - Cost of Revenue TTM 1.18b) / Revenue TTM)
Gross Margin QoQ = 96.88% (prev 9.76%)
Tobins Q-Ratio = 1.62 (Enterprise Value 7.76b / Total Assets 4.78b)
Interest Expense / Debt = 1.19% (Interest Expense 4.53m / Debt 382.1m)
Taxrate = 40.98% (-8.34m / -20.4m)
NOPAT = -190.3m (EBIT -322.5m * (1 - 40.98%)) [loss with tax shield]
Current Ratio = 1.00 (Total Current Assets 2.03b / Total Current Liabilities 2.03b)
Debt / Equity = 2.48 (Debt 382.1m / totalStockholderEquity, last quarter 153.9m)
Debt / EBITDA = -0.50 (negative EBITDA) (Net Debt 137.9m / EBITDA -276.9m)
Debt / FCF = 2.49 (Net Debt 137.9m / FCF TTM 55.4m)
Total Stockholder Equity = 235.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -4.84% (Net Income -231.3m / Total Assets 4.78b)
RoE = -98.37% (Net Income TTM -231.3m / Total Stockholder Equity 235.1m)
RoCE = -92.77% (EBIT -322.5m / Capital Employed (Equity 235.1m + L.T.Debt 112.5m))
RoIC = -41.82% (negative operating profit) (NOPAT -190.3m / Invested Capital 455.2m)
WACC = 10.54% (E(7.62b)/V(8.00b) * Re(11.03%) + D(382.1m)/V(8.00b) * Rd(1.19%) * (1-Tc(0.41)))
Discount Rate = 11.03% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 10.23%
[DCF Debug] Terminal Value 64.28% ; FCFE base≈89.9m ; Y1≈74.9m ; Y5≈55.1m
Fair Price DCF = 8.29 (DCF Value 651.1m / Shares Outstanding 78.6m; 5y FCF grow -20.22% → 3.0% )
EPS Correlation: 18.56 | EPS CAGR: -54.49% | SUE: -4.0 | # QB: 0
Revenue Correlation: 63.45 | Revenue CAGR: 239.3% | SUE: 1.05 | # QB: 2
Additional Sources for STEP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle