Snowflake Score | |
---|---|
Valuation | 4/6 |
Future Growth | 0/6 |
Past Performance | 6/6 |
Financial Health | 4/6 |
Dividends | 3/6 |
STEP Stock Overview
StepStone Group Inc. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments.
StepStone Group Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$27.80 |
52 Week High | US$55.19 |
52 Week Low | US$22.39 |
Beta | 0 |
1 Month Change | -0.43% |
3 Month Change | -19.09% |
1 Year Change | -18.19% |
3 Year Change | n/a |
5 Year Change | n/a |
Change since IPO | 11.20% |
Recent News & Updates
Shareholder Returns
STEP | US Capital Markets | US Market | |
---|---|---|---|
7D | 6.5% | 6.8% | 6.6% |
1Y | -18.2% | -18.0% | -18.4% |
Return vs Industry: STEP matched the US Capital Markets industry which returned -18% over the past year.
Return vs Market: STEP matched the US Market which returned -18.4% over the past year.
Price Volatility
STEP volatility | |
---|---|
STEP Average Weekly Movement | 6.8% |
Capital Markets Industry Average Movement | 0.5% |
Market Average Movement | 8.1% |
10% most volatile stocks in US Market | 16.6% |
10% least volatile stocks in US Market | 3.2% |
Stable Share Price: STEP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: STEP's weekly volatility (7%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2007 | 790 | Scott Hart | https://www.stepstonegroup.com/ |
StepStone Group Inc. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, and buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, consumer staples, financials, telecommunication services, energy, infrastructure, real estate, and real asset.
StepStone Group Fundamentals Summary
STEP fundamental statistics | |
---|---|
Market Cap | US$3.10b |
Earnings (TTM) | US$193.89m |
Revenue (TTM) | US$1.37b |
8.8x
P/E Ratio1.2x
P/S RatioIs STEP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
STEP income statement (TTM) | |
---|---|
Revenue | US$1.37b |
Cost of Revenue | US$802.70m |
Gross Profit | US$562.83m |
Other Expenses | US$368.95m |
Earnings | US$193.89m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 3.17 |
Gross Margin | 41.22% |
Net Profit Margin | 14.20% |
Debt/Equity Ratio | 3.4% |
How did STEP perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield11%
Payout RatioValuation
Is STEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for STEP?
Other financial metrics that can be useful for relative valuation.
What is STEP's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$3.10b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 2x |
Enterprise Value/EBITDA | 5.4x |
PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does STEP's PE Ratio compare to its peers?
STEP PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 22.9x | ||
FOCS Focus Financial Partners | 61.2x | 20.7% | US$2.9b |
APAM Artisan Partners Asset Management | 8.8x | 2.2% | US$3.0b |
CNS Cohen & Steers | 16.3x | 5.8% | US$3.3b |
FFXD.F Fairfax India Holdings | 5.4x | n/a | US$1.6b |
STEP StepStone Group | 8.8x | n/a | US$3.1b |
Price-To-Earnings vs Peers: STEP is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (22.9x).
Price to Earnings Ratio vs Industry
How does STEP's PE Ratio compare vs other companies in the US Capital Markets Industry?
Price-To-Earnings vs Industry: STEP is good value based on its Price-To-Earnings Ratio (8.8x) compared to the US Capital Markets industry average (29.6x)
Price to Earnings Ratio vs Fair Ratio
What is STEP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 8.8x |
Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate STEP's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of STEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: STEP ($27.8) is trading below our estimate of fair value ($83.58)
Significantly Below Fair Value: STEP is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate STEP's PEG Ratio to determine if it is good value.
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Future Growth
How is StepStone Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-18.5%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if STEP's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if STEP's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if STEP's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: STEP's revenue is expected to decline over the next 3 years (-18.5% per year).
High Growth Revenue: STEP's revenue is forecast to decline over the next 3 years (-18.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STEP's Return on Equity is forecast to be low in 3 years time (10.4%).
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Past Performance
How has StepStone Group performed over the past 5 years?
Past Performance Score
6/6Past Performance Score 6/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
31.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STEP has high quality earnings.
Growing Profit Margin: STEP's current net profit margins (14.2%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: STEP's earnings have grown significantly by 31% per year over the past 5 years.
Accelerating Growth: STEP's earnings growth over the past year (209.6%) exceeds its 5-year average (31% per year).
Earnings vs Industry: STEP earnings growth over the past year (209.6%) exceeded the Capital Markets industry 80.5%.
Return on Equity
High ROE: STEP's Return on Equity (26.5%) is considered high.
Discover strong past performing companies
Financial Health
How is StepStone Group's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: STEP's short term assets ($1.7B) do not cover its short term liabilities ($2.0B).
Long Term Liabilities: STEP's short term assets ($1.7B) exceed its long term liabilities ($366.9M).
Debt to Equity History and Analysis
Debt Level: STEP has more cash than its total debt.
Reducing Debt: Insufficient data to determine if STEP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: STEP's debt is well covered by operating cash flow (340.8%).
Interest Coverage: STEP earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is StepStone Group current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STEP's dividend (2.88%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: STEP's dividend (2.88%) is low compared to the top 25% of dividend payers in the US market (4.23%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether STEP's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if STEP's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.3%), STEP's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (42%), STEP's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Scott Hart (41 yo)
0.42
Tenure
US$1,640,876
Compensation
Mr. Scott W. Hart serves as Chief Executive Officer of StepStone Group Inc. since January 01, 2022. He serves as Head of Private Equity & Director at StepStone Group Inc and has been its Director since Sep...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD1.64M) is below average for companies of similar size in the US market ($USD6.87M).
Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: STEP's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
Experienced Board: STEP's board of directors are not considered experienced ( 1.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.5%.
Top Shareholders
Company Information
StepStone Group Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: StepStone Group Inc.
- Ticker: STEP
- Exchange: NasdaqGS
- Founded: 2007
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$3.105b
- Market Cap: US$1.700b
- Shares outstanding: 111.36m
- Website: https://www.stepstonegroup.com/
Number of Employees
Location
- StepStone Group Inc.
- 450 Lexington Avenue
- 31st Floor
- New York
- New York
- 10017
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/27 00:00 |
End of Day Share Price | 2022/06/27 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2022/03/31 |
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.