Step One Clothing

Sustainable Apparel Digital Shift Will Spur Expansion Despite Risks

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

10 Mar 25

Updated

19 Dec 25

Views

119

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-72.8%

7D

1.5%

Loading

1Y

-72.8%

7D

1.5%

You can edit this narrative until Dec 20 9:05 PM. Then, changes will post as Updates.

Author's Valuation

AU$0.5841.0% undervalued

AnalystConsensusTarget Fair Value

Shared on 19 Dec 25

Fair value Increased 0.19%

STP: Future Earnings Multiple Will Support A Rebound From Recent Market Pessimism

Narrative Update on Step One Clothing Analysts have nudged their fair value estimate for Step One Clothing slightly higher, from A$0.575 to A$0.576. They cite marginally improved long term revenue growth assumptions and a modestly higher future price to earnings multiple, despite a slightly increased discount rate.

Shared on 05 Dec 25

Fair value Decreased 36%

STP: Future Margins Will Support A Rebound From Recent Market Pessimism

Narrative Update on Step One Clothing Analyst Price Target Analysts have reduced their price target on Step One Clothing from approximately $0.90 to about $0.58, citing slightly higher perceived risk, weaker near term revenue growth expectations, and lower projected profit margins despite a modestly higher future price to earnings multiple. Valuation Changes Fair Value Estimate has fallen significantly from A$0.90 to A$0.575, implying a notable reduction in perceived intrinsic value.

Shared on 21 Aug 25

Fair value Decreased 35%

The downward revision in Step One Clothing’s fair value reflects weaker fundamentals, as both net profit margin and revenue growth forecasts have declined, driving the consensus analyst price target from A$1.38 to A$0.90. Valuation Changes Summary of Valuation Changes for Step One Clothing The Consensus Analyst Price Target has significantly fallen from A$1.38 to A$0.90.

Shared on 01 May 25

Fair value Decreased 39%

Shared on 24 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 27%

AnalystConsensusTarget has increased future PE multiple from 23.1x to 27.0x.

AnalystConsensusTarget Fair Value

AU$0.58

41.0% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

0.11%

Specialty Stores revenue growth rate

0.30%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

7.96%

Calculation

AU$5.65m

Earnings '28

x

23.11x

PE Ratio '28

=

AU$130.54m

Market Cap '28

AU$130.54m

Market Cap '28

/

180.85m

No. shares '28

=

AU$0.72

Share Price '28

AU$0.72 Share Price '28

Discounted to 2025 @ 7.98% p.a.

=

AU$0.57

Fair Value '25