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STCM

Steppe CementAIM:STCM Stock Report

Market Cap

UK£98.6m

7D

0%

1Y

73.1%

Updated

21 Oct, 2021

Data

Company Financials +
STCM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends3/6

STCM Overview

Steppe Cement Ltd., an investment holding company, produces and sells cement in Kazakhstan.

Price History & Performance

Summary of all time highs, changes and price drops for Steppe Cement
Historical stock prices
Current Share PriceUK£0.45
52 Week HighUK£0.25
52 Week LowUK£0.62
Beta0.66
1 Month Change1.12%
3 Month Change-8.16%
1 Year Change73.08%
3 Year Change73.08%
5 Year Change143.24%
Change since IPO-9.09%

Recent News & Updates

Sep 01
Do Steppe Cement's (LON:STCM) Earnings Warrant Your Attention?

Do Steppe Cement's (LON:STCM) Earnings Warrant Your Attention?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Jul 11
Steppe Cement (LON:STCM) Will Pay A Smaller Dividend Than Last Year

Steppe Cement (LON:STCM) Will Pay A Smaller Dividend Than Last Year

Steppe Cement Ltd. ( LON:STCM ) is reducing its dividend to UK£0.025 on the 30th of July. This means the annual payment...

Mar 10
Is Steppe Cement (LON:STCM) The Next Multi-Bagger?

Is Steppe Cement (LON:STCM) The Next Multi-Bagger?

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Feb 18
Is Steppe Cement Ltd. (LON:STCM) The Right Choice For A Smart Dividend Investor?

Is Steppe Cement Ltd. (LON:STCM) The Right Choice For A Smart Dividend Investor?

Today we'll take a closer look at Steppe Cement Ltd. ( LON:STCM ) from a dividend investor's perspective. Owning a...

Shareholder Returns

STCMGB Basic MaterialsGB Market
7D0%3.7%1.4%
1Y73.1%26.7%25.2%

Return vs Industry: STCM exceeded the UK Basic Materials industry which returned 26.7% over the past year.

Return vs Market: STCM exceeded the UK Market which returned 25.2% over the past year.

Price Volatility

Is STCM's price volatile compared to industry and market?
STCM volatility
STCM Beta0.66
Industry Beta1.25
Market Beta1

Stable Share Price: STCM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: STCM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a781Javier del Ser Perezhttps://www.steppecement.com

Steppe Cement Ltd., an investment holding company, produces and sells cement in Kazakhstan. It also engages in the provision of consultancy services; and transmission and distribution of electricity. Steppe Cement Ltd.

Steppe Cement Fundamentals Summary

How do Steppe Cement's earnings and revenue compare to its market cap?
STCM fundamental statistics
Market CapUS$136.07m
Earnings (TTM)US$13.25m
Revenue (TTM)US$80.52m

10.3x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STCM income statement (TTM)
RevenueUS$80.52m
Cost of RevenueUS$43.38m
Gross ProfitUS$37.14m
ExpensesUS$23.89m
EarningsUS$13.25m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.06
Gross Margin46.12%
Net Profit Margin16.45%
Debt/Equity Ratio9.6%

How did STCM perform over the long term?

See historical performance and comparison

Dividends

10.8%

Current Dividend Yield

59%

Payout Ratio

Valuation

Is Steppe Cement undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: STCM (£0.45) is trading below our estimate of fair value (£1.37)

Significantly Below Fair Value: STCM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: STCM is good value based on its PE Ratio (10.3x) compared to the UK Basic Materials industry average (24.3x).

PE vs Market: STCM is good value based on its PE Ratio (10.3x) compared to the UK market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: STCM is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: STCM is good value based on its PB Ratio (2.2x) compared to the GB Basic Materials industry average (2.6x).


Future Growth

How is Steppe Cement forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STCM's forecast earnings growth (6.7% per year) is above the savings rate (0.9%).

Earnings vs Market: STCM's earnings (6.7% per year) are forecast to grow slower than the UK market (12.9% per year).

High Growth Earnings: STCM's earnings are forecast to grow, but not significantly.

Revenue vs Market: STCM's revenue (3.4% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: STCM's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STCM's Return on Equity is forecast to be high in 3 years time (28.8%)


Past Performance

How has Steppe Cement performed over the past 5 years?

49.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STCM has high quality earnings.

Growing Profit Margin: STCM's current net profit margins (16.5%) are higher than last year (13.9%).


Past Earnings Growth Analysis

Earnings Trend: STCM has become profitable over the past 5 years, growing earnings by 49.6% per year.

Accelerating Growth: STCM's earnings growth over the past year (24%) is below its 5-year average (49.6% per year).

Earnings vs Industry: STCM earnings growth over the past year (24%) underperformed the Basic Materials industry 24%.


Return on Equity

High ROE: STCM's Return on Equity (21%) is considered high.


Financial Health

How is Steppe Cement's financial position?


Financial Position Analysis

Short Term Liabilities: STCM's short term assets ($34.6M) exceed its short term liabilities ($14.0M).

Long Term Liabilities: STCM's short term assets ($34.6M) exceed its long term liabilities ($11.3M).


Debt to Equity History and Analysis

Debt Level: STCM's debt to equity ratio (9.6%) is considered satisfactory.

Reducing Debt: STCM's debt to equity ratio has reduced from 56.7% to 9.6% over the past 5 years.

Debt Coverage: STCM's debt is well covered by operating cash flow (324.5%).

Interest Coverage: STCM's interest payments on its debt are well covered by EBIT (30.5x coverage).


Balance Sheet


Dividend

What is Steppe Cement current dividend yield, its reliability and sustainability?

10.82%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: STCM's dividend (10.82%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: STCM's dividend (10.82%) is in the top 25% of dividend payers in the UK market (4.04%)


Stability and Growth of Payments

Stable Dividend: STCM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: STCM's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.5%), STCM's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STCM's dividends in 3 years are not forecast to be well covered by earnings (96.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average board tenure


CEO

Javier del Ser Perez (55 yo)

no data

Tenure

US$30,000

Compensation

Mr. Javier Del Ser Perez serves as Chief Executive Officer and Executive Director at Steppe Cement Ltd. Prior to joining Chagala Group in 2000, Mr. Del Ser Perez worked for 4 years for the Kazakhstan Asse...


Board Members

Experienced Board: STCM's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Steppe Cement Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Steppe Cement Ltd.
  • Ticker: STCM
  • Exchange: AIM
  • Founded: NaN
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: UK£98.550m
  • Shares outstanding: 219.00m
  • Website: https://www.steppecement.com

Number of Employees


Location

  • Steppe Cement Ltd.
  • Rohas Perkasa
  • Suite 10.1, 10th Floor
  • Kuala Lumpur
  • Wilayah Persekutuan
  • 50450
  • Malaysia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:00
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.