` Comparison: FRMO, STEP - Alpha Spread

FRMO
vs
STEP

Over the past 12 months, FRMO has underperformed STEP, delivering a return of -26% compared to the STEP's +26% growth.

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Stocks Compared:
FRMO STEP
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Valuation Comparison

FRMO Intrinsic Value
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STEP Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
FRMO Corp
OTC:FRMO
7.26 USD
StepStone Group Inc
NASDAQ:STEP
72.12 USD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
FRMO, STEP

FRMO
STEP
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
FRMO Corp
Revenue
StepStone Group Inc
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
FRMO, STEP

FRMO
STEP
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
FRMO Corp
OTC:FRMO
StepStone Group Inc
NASDAQ:STEP
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What is Free Cash Flow?

Gross Margin

FRMO
0%
STEP
79.4%
LTM 3Y Avg 5Y Avg 10Y Avg
FRMO Corp
StepStone Group Inc

Operating Margin

FRMO
89.2%
STEP
-73.7%
LTM 3Y Avg 5Y Avg 10Y Avg
FRMO Corp
StepStone Group Inc

Net Margin

FRMO
823.2%
STEP
-39.8%
LTM 3Y Avg 5Y Avg 10Y Avg
FRMO Corp
StepStone Group Inc

FCF Margin

FRMO
45.2%
STEP
1.2%
LTM 3Y Avg 5Y Avg 10Y Avg
FRMO Corp
StepStone Group Inc

ROE

FRMO
30.1%
STEP
-750.1%
LTM 3Y Avg 5Y Avg 10Y Avg
FRMO Corp
StepStone Group Inc

ROA

FRMO
15.4%
STEP
-13.1%
LTM 3Y Avg 5Y Avg 10Y Avg
FRMO Corp
StepStone Group Inc

ROIC

FRMO
4.1%
STEP
-22.1%
LTM 3Y Avg 5Y Avg 10Y Avg
FRMO Corp
StepStone Group Inc

ROCE

FRMO
1.7%
STEP
-60.7%
LTM 3Y Avg 5Y Avg 10Y Avg
FRMO Corp
StepStone Group Inc

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
FRMO, STEP

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Performance Gap
FRMO, STEP

Performance Gap Between FRMO and STEP
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Performance By Year
FRMO, STEP

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FRMO
STEP
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