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Market Cap

UK£111.7m

Last Updated

2021/05/09 00:12 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Steppe Cement's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: STCM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: STCM's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

13.3%

STCM

1.4%

GB Basic Materials

2.1%

GB Market


1 Year Return

142.9%

STCM

44.8%

GB Basic Materials

26.5%

GB Market

Return vs Industry: STCM exceeded the UK Basic Materials industry which returned 44.4% over the past year.

Return vs Market: STCM exceeded the UK Market which returned 26.6% over the past year.


Shareholder returns

STCMIndustryMarket
7 Day13.3%1.4%2.1%
30 Day36.0%4.3%3.3%
90 Day37.8%16.4%9.1%
1 Year185.1%142.9%45.7%44.8%32.1%26.5%
3 Year217.9%137.2%13.7%7.1%12.8%-0.2%
5 Year379.6%257.9%75.4%61.0%51.7%23.0%

Long-Term Price Volatility Vs. Market

How volatile is Steppe Cement's share price compared to the market and industry in the last 5 years?


Simply Wall St News

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 (£0.51) is trading below our estimate of fair value (£1.09)

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 (14.6x) compared to the GB Basic Materials industry average (34.1x).

PE vs Market: STCM is good value based on its PE Ratio (14.6x) compared to the UK market (26.2x).


Price to Earnings Growth Ratio

PEG Ratio: STCM is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: STCM's PB Ratio (2.5x) is in line with the GB Basic Materials industry average.


Future Growth

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

6.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STCM's forecast earnings growth (6% per year) is above the savings rate (0.9%).

Earnings vs Market: STCM's earnings (6% per year) are forecast to grow slower than the UK market (17.6% per year).

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

Revenue vs Market: STCM's revenue (1.5% per year) is forecast to grow slower than the UK market (5.3% per year).

High Growth Revenue: STCM's revenue (1.5% 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 (24.4%)


Past Performance

How has Steppe Cement performed over the past 5 years?

71.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STCM has high quality earnings.

Growing Profit Margin: STCM's current net profit margins (13.9%) are higher than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: STCM has become profitable over the past 5 years, growing earnings by 71.1% per year.

Accelerating Growth: STCM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STCM had negative earnings growth (-10.4%) over the past year, making it difficult to compare to the Basic Materials industry average (-42.6%).


Return on Equity

High ROE: STCM's Return on Equity (16.8%) is considered low.


Financial Health

How is Steppe Cement's financial position?


Financial Position Analysis

Short Term Liabilities: STCM's short term assets ($30.0M) exceed its short term liabilities ($13.6M).

Long Term Liabilities: STCM's short term assets ($30.0M) exceed its long term liabilities ($11.7M).


Debt to Equity History and Analysis

Debt Level: STCM's debt to equity ratio (5.1%) is considered satisfactory.

Reducing Debt: STCM's debt to equity ratio has reduced from 44.2% to 5.1% over the past 5 years.

Debt Coverage: STCM's debt is well covered by operating cash flow (758.7%).

Interest Coverage: STCM's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


Dividend

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

3.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: STCM's dividend (3.62%) is higher than the bottom 25% of dividend payers in the UK market (1.35%).

High Dividend: STCM's dividend (3.62%) is low compared to 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 has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (106.8%), STCM's dividend payments are not well 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 (104.1% payout ratio).


Next Steps

Management

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

0.6yrs

Average board tenure


CEO

Javier del Ser Perez (54 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 ( 0.6 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 company bio, 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£111.690m
  • 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


Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 00:12
End of Day Share Price2021/05/07 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.