Step Energy Services Ltd
TSX:STEP

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Step Energy Services Ltd Logo
Step Energy Services Ltd
TSX:STEP
Watchlist
Price: 3.86 CAD 1.05% Market Closed
Market Cap: 277.8m CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one STEP stock under the Base Case scenario is 8.92 CAD. Compared to the current market price of 3.86 CAD, Step Energy Services Ltd is Undervalued by 57%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

STEP Relative Value
Base Case
8.92 CAD
Undervaluation 57%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.3
P/S
P/S
Price to Sales
0.3
vs History
47
vs Industry
76
Median 3Y
0.3
Median 5Y
0.3
Industry
2
Forward
0.3
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
2
Median 3Y
4.2
Median 5Y
2.2
Industry
16.6
Forward
6.7
More Details
2.3
P/OCF
P/OCF
Price to OCF
2.3
vs History
34
vs Industry
29
Median 3Y
2.1
Median 5Y
2.1
Industry
10.1
More Details
5.3
P/FCFE
P/FCFE
Price to FCFE
5.3
vs History
12
vs Industry
9
Median 3Y
-21.3
Median 5Y
-10.4
Industry
13.6
More Details
0.7
P/B
P/B
Price to Book Value
0.7
vs History
52
vs Industry
48
Median 3Y
0.8
Median 5Y
0.7
Industry
1.6
More Details
0.4
EV/S
EV/S
Enterprise Value to Sales
0.4
vs History
71
vs Industry
74
Median 3Y
0.4
Median 5Y
0.4
Industry
3.1
Forward
0.4
More Details
4.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
4.3
vs History
23
vs Industry
53
Median 3Y
3.5
Median 5Y
2.9
Industry
6.5
More Details
3.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
3.8
vs History
49
vs Industry
30
Median 3Y
2.4
Median 5Y
3.8
Industry
10.8
Forward
2.5
More Details
59.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
59.7
vs History
7
vs Industry
25
Median 3Y
5.3
Median 5Y
3.9
Industry
12.8
Forward
5.3
More Details
3.2
EV/OCF
EV/OCF
Enterprise Value to OCF
3.2
vs History
55
vs Industry
28
Median 3Y
2.8
Median 5Y
3.7
Industry
11.3
More Details
9.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
9.4
vs History
31
vs Industry
18
Median 3Y
7.5
Median 5Y
7.5
Industry
12
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
61
vs Industry
47
Median 3Y
0.8
Median 5Y
0.7
Industry
1.5
More Details

Multiples Across Competitors

STEP Competitors Multiples
Step Energy Services Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Step Energy Services Ltd
TSX:STEP
278m CAD 0.3 -18 3.8 59.7
US
Schlumberger NV
NYSE:SLB
48.8B USD 1.4 11.6 6.2 8.7
US
Baker Hughes Co
NASDAQ:BKR
38.6B USD 1.4 13.2 9.6 13
LU
Tenaris SA
MIL:TEN
16.9B EUR 1.6 10.8 6 7.7
US
Halliburton Co
NYSE:HAL
19.2B USD 0.9 9.1 5.1 6.6
UK
TechnipFMC PLC
NYSE:FTI
14.8B USD 1.6 17.9 9.6 13.1
FR
Technip Energies NV
PAR:TE
5.9B EUR 0.6 10.2 5.2 5.2
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
43.2B CNY 0.8 11.5 7.2 7.2
UK
Subsea 7 SA
OSE:SUBC
56.8B NOK 0.8 29.4 5.4 12.7
IT
Saipem SpA
MIL:SPM
4.7B EUR 0.3 12.3 2.9 5.4
US
Nov Inc
NYSE:NOV
5.2B USD 0.6 8.8 4.9 6.8
P/E Multiple
Earnings Growth PEG
CA
Step Energy Services Ltd
TSX:STEP
Average P/E: 13.5
Negative Multiple: -18
216%
N/A
US
Schlumberger NV
NYSE:SLB
11.6
6%
1.9
US
B
Baker Hughes Co
NASDAQ:BKR
13.2
0%
N/A
LU
Tenaris SA
MIL:TEN
10.8
5%
2.2
US
Halliburton Co
NYSE:HAL
9.1
1%
9.1
UK
TechnipFMC PLC
NYSE:FTI
17.9
14%
1.3
FR
Technip Energies NV
PAR:TE
10.2
12%
0.8
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
11.5
15%
0.8
UK
Subsea 7 SA
OSE:SUBC
29.4
43%
0.7
IT
Saipem SpA
MIL:SPM
12.3
33%
0.4
US
Nov Inc
NYSE:NOV
8.8
-5%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Step Energy Services Ltd
TSX:STEP
Average EV/EBITDA: 6
3.8
0%
N/A
US
Schlumberger NV
NYSE:SLB
6.2
3%
2.1
US
B
Baker Hughes Co
NASDAQ:BKR
9.6
6%
1.6
LU
Tenaris SA
MIL:TEN
6
-4%
N/A
US
Halliburton Co
NYSE:HAL
5.1
-1%
N/A
UK
TechnipFMC PLC
NYSE:FTI
9.6
15%
0.6
FR
Technip Energies NV
PAR:TE
5.2
13%
0.4
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
7.2
19%
0.4
UK
Subsea 7 SA
OSE:SUBC
5.4
15%
0.4
IT
Saipem SpA
MIL:SPM
2.9
13%
0.2
US
Nov Inc
NYSE:NOV
4.9
-2%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Step Energy Services Ltd
TSX:STEP
Average EV/EBIT: 13.3
59.7
6%
10
US
Schlumberger NV
NYSE:SLB
8.7
5%
1.7
US
B
Baker Hughes Co
NASDAQ:BKR
13
7%
1.9
LU
Tenaris SA
MIL:TEN
7.7
-5%
N/A
US
Halliburton Co
NYSE:HAL
6.6
-2%
N/A
UK
TechnipFMC PLC
NYSE:FTI
13.1
19%
0.7
FR
Technip Energies NV
PAR:TE
5.2
14%
0.4
CN
CNOOC Energy Technology & Services Ltd
SSE:600968
7.2
11%
0.7
UK
Subsea 7 SA
OSE:SUBC
12.7
28%
0.5
IT
Saipem SpA
MIL:SPM
5.4
19%
0.3
US
Nov Inc
NYSE:NOV
6.8
-2%
N/A

See Also

Summary
STEP intrinsic value, competitors valuation, and company profile.
DCF Valuation
STEP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
STEP stock valuation using valuation multiples.
Wall Street Estimates
STEP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
STEP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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