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Steppe Cement Ltd
LSE:STCM

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Steppe Cement Ltd
LSE:STCM
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Price: 20.5 GBX Market Closed
Market Cap: £44.9m

EV/GP

2.1
Current
7%
Cheaper
vs 3-y average of 2.3

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
2.1
=
Enterprise Value
GBX44.9m
/
Gross Profit
$26.7m

Enterprise Value to Gross Profit (EV/GP) ratio compares a company`s total enterprise value to its gross profit. It shows how much investors are paying for each dollar of the company`s gross profit, including both equity and debt.

EV/GP
2.1
=
Enterprise Value
GBX44.9m
/
Gross Profit
$26.7m

Valuation Scenarios

Steppe Cement Ltd is trading below its 3-year average

If EV/GP returns to its 3-Year Average (2.3), the stock would be worth GBX22.12 (8% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+258%
Average Upside
126%
Scenario EV/GP Value Implied Price Upside/Downside
Current Multiple 2.1 GBX20.5
0%
3-Year Average 2.3 GBX22.12
+8%
5-Year Average 2.3 GBX22.87
+12%
Industry Average 6.9 GBX67.15
+228%
Country Average 7.5 GBX73.3
+258%

Forward EV/GP
Today’s price vs future gross profit

Not enough data available to calculate forward EV/GP

Peer Comparison

All Multiples
EV/GP
P/E
All Countries
Close
Market Cap EV/GP P/E
MY
Steppe Cement Ltd
LSE:STCM
44.9m GBP 2.1 15.1
IE
CRH PLC
NYSE:CRH
79.2B USD 6.8 21.1
CH
Holcim AG
SIX:HOLN
40.1B CHF 6.4 3
US
Vulcan Materials Co
NYSE:VMC
39.4B USD 19.8 36.6
DE
HeidelbergCement AG
XETRA:HEI
33.2B EUR 2.7 17.1
US
Martin Marietta Materials Inc
NYSE:MLM
37.3B USD 22.5 32.8
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.4T INR 6.9 46.9
US
Amrize AG
SIX:AMRZ
23.6B CHF 10.8 24.9
DE
Heidelberg Materials AG
XMUN:HEI
21.8B EUR 1.9 11.3
CN
China Jushi Co Ltd
SSE:600176
136.9B CNY 23.7 41.7
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 2.8 45.1

Market Distribution

Lower than 91% of companies in Malaysia
Percentile
9th
Based on 307 companies
9th percentile
2.1
Low
0.3 — 4.6
Typical Range
4.6 — 12.3
High
12.3 —
Distribution Statistics
Malaysia
Min 0.3
30th Percentile 4.6
Median 7.5
70th Percentile 12.3
Max 2 664

Steppe Cement Ltd
Glance View

Market Cap
44.9m GBX
Industry
Construction

Steppe Cement Ltd. operates as an investment holding company, which engages in the manufacture and sale of construction materials. The company is headquartered in Kuala Lumpur, Wilayah Persekutuan and currently employs 781 full-time employees. The company went IPO on 2005-09-15. The firm's subsidiaries are engaged in the production and sale of cement. Its cement production facilities consist of over two dry kilns and approximately four mothballed wet kilns. The Company’s cement manufacturing facility is located at Aktau Village, which is approximately 40 kilometers north of the city of Karaganda and over 180 kilometers to the south of Kazakhstan's capital city, Nur-Sultan. The firm manufactures cement using its dry method. The Company’s wholly owned subsidiaries include Steppe Cement (M) Sdn. Bhd. (SCM), which is primarily engaged in investment holding, and Mechanical & Electrical Consulting Services Ltd. (MECS Ltd), which is involved in the provision of consultancy services.

STCM Intrinsic Value
32.42 GBX
Undervaluation 37%
Intrinsic Value
Price GBX20.5
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