Financials StepStone Group LP

Equities

STEP

US85914M1071

Investment Management & Fund Operators

Market Closed - Nasdaq 21:00:00 25/06/2024 BST 5-day change 1st Jan Change
45.27 USD +2.10% Intraday chart for StepStone Group LP +5.06% +42.22%

Valuation

Fiscal Period: März 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,356 2,010 1,525 2,295 2,970 - -
Enterprise Value (EV) 1 1,176 1,956 1,495 2,301 2,478 2,190 1,905
P/E ratio 17.1 x - - - - - -
Yield 0.2% 1.33% 3.3% 2.32% 2.82% 3.35% 3.98%
Capitalization / Revenue 3.78 x 3.38 x 2.38 x 3.45 x 3.65 x 3.11 x 2.56 x
EV / Revenue 3.28 x 3.29 x 2.33 x 3.46 x 3.04 x 2.29 x 1.64 x
EV / EBITDA 7.99 x 7.01 x 5.45 x 8.06 x 7.36 x 5.57 x 4.01 x
EV / FCF - - - 16.2 x 275 x - -
FCF Yield - - - 6.17% 0.36% - -
Price to Book 13.4 x 4.38 x 3.44 x 12.2 x 3.44 x 2.93 x 2.51 x
Nbr of stocks (in thousands) 38,438 60,791 62,835 64,221 65,615 - -
Reference price 2 35.27 33.06 24.27 35.74 45.27 45.27 45.27
Announcement Date 15/06/21 26/05/22 24/05/23 23/05/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2021 2022 2023 2024 2025 2026 2027
Net sales 1 358.6 594 642 665.1 814.5 956.4 1,161
EBITDA 1 147.1 278.9 274.3 285.5 336.6 393.2 475.5
EBIT 1 141.6 252 226.9 237.9 306.5 346.3 421.6
Operating Margin 39.48% 42.42% 35.34% 35.78% 37.64% 36.21% 36.31%
Earnings before Tax (EBT) 1 337.8 - - 195.4 308.2 382 -
Net income 62.63 - - - - - -
Net margin 17.47% - - - - - -
EPS 2.060 - - - - - -
Free Cash Flow 1 - - - 141.9 9 - -
FCF margin - - - 21.34% 1.1% - -
FCF Conversion (EBITDA) - - - 49.7% 2.67% - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 0.0700 0.4400 0.8000 0.8300 1.275 1.517 1.803
Announcement Date 15/06/21 26/05/22 24/05/23 23/05/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 173 145.1 190.3 150.6 148.1 152.9 178 149.8 185.1 177.4 181.9 197.3 218.8 212.2 221
EBITDA 82.65 77.16 - - 63.37 58.86 62.36 62.28 - 75.44 - - - - -
EBIT 1 70.98 65.47 69.36 58.4 52.01 46.72 50.37 50.28 69.49 63.99 63.3 72.13 - - -
Operating Margin 41.04% 45.12% 36.44% 38.77% 35.12% 30.55% 28.3% 33.57% 37.54% 36.08% 34.8% 36.56% - - -
Earnings before Tax (EBT) 1 - - - - - - - - - 94.52 65.4 75.3 83.9 83.5 87.6
Net income - - - - -6.938 - - - - - - - - - -
Net margin - - - - -4.68% - - - - - - - - - -
EPS - - - - -0.1100 - - - - - - - - - -
Dividend per Share 2 0.1500 0.1500 0.2000 0.2000 0.2000 0.2000 0.2000 0.2100 0.2100 0.2100 0.2400 0.2400 0.2400 0.5744 0.2770
Announcement Date 08/02/22 26/05/22 04/08/22 07/11/22 09/02/23 24/05/23 03/08/23 06/11/23 08/02/24 23/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - 5.39 - - -
Net Cash position 1 180 53.5 30.2 - 492 780 1,065
Leverage (Debt/EBITDA) - - - 0.0189 x - - -
Free Cash Flow 1 - - - 142 9 - -
ROE (net income / shareholders' equity) 26.9% 36.3% 18% 25.4% 16.8% 20.8% 22.7%
ROA (Net income/ Total Assets) - - - - - - -
Assets - - - - - - -
Book Value Per Share 2 2.630 7.550 7.060 2.930 13.20 15.50 18.00
Cash Flow per Share - - - - - - -
Capex - - - - - - -
Capex / Sales - - - - - - -
Announcement Date 15/06/21 26/05/22 24/05/23 23/05/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
45.27 USD
Average target price
45.18 USD
Spread / Average Target
-0.20%
Consensus

Quarterly revenue - Rate of surprise

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