Step One Clothing Limited
Step One Clothing Limited operates as a direct-to-consumer online retailer for underwear in the United Kingdom, the United States, and Australia. It offers men's and women's underwear through website, stepone.life. The company was incorporated in 2017 and is based in Sydney, Australia.
Step One Clothing Limited (J6H) - Net Assets
Latest net assets as of June 2025: €52.00 Million EUR
Based on the latest financial reports, Step One Clothing Limited (J6H) has net assets worth €52.00 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€62.13 Million) and total liabilities (€10.13 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €52.00 Million |
| % of Total Assets | 83.7% |
| Annual Growth Rate | 2.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 10.79 |
Step One Clothing Limited - Net Assets Trend (2022–2025)
This chart illustrates how Step One Clothing Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Step One Clothing Limited (2022–2025)
The table below shows the annual net assets of Step One Clothing Limited from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | €52.00 Million | -0.43% |
| 2024-06-30 | €52.22 Million | -8.50% |
| 2023-06-30 | €57.07 Million | +17.34% |
| 2022-06-30 | €48.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Step One Clothing Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 373900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €52.21 Million | 100.40% |
| Total Equity | €52.00 Million | 100.00% |
Step One Clothing Limited Competitors by Market Cap
The table below lists competitors of Step One Clothing Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
A-Sonic Aerospace Limited
OTCGREY:ASNCF
|
$7.03 Million |
|
Bynordic Acquisition Corp
NASDAQ:BYNO
|
$7.03 Million |
|
Iris Metals Ltd
AU:IR1
|
$7.03 Million |
|
Wilmington Capital Management Inc
TO:WCM-A
|
$7.04 Million |
|
WIJAYA KARYA BETON RP 100
F:WK0
|
$7.03 Million |
|
High-Tech Metals Ltd
AU:HTM
|
$7.02 Million |
|
Green Resources Public Company Limited
BK:GREEN
|
$7.02 Million |
|
MFC-Nichada Thani Property Fund
BK:MNIT
|
$7.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Step One Clothing Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 52,221,000 to 51,999,000, a change of -222,000 (-0.4%).
- Net income of 12,651,000 contributed positively to equity growth.
- Dividend payments of 13,293,000 reduced retained earnings.
- Share repurchases of 529,000 reduced equity.
- Other factors increased equity by 949,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €12.65 Million | +24.33% |
| Dividends Paid | €13.29 Million | -25.56% |
| Share Repurchases | €529.00K | -1.02% |
| Other Changes | €949.00K | +1.83% |
| Total Change | €- | -0.43% |
Book Value vs Market Value Analysis
This analysis compares Step One Clothing Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.41x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-06-30 | €0.26 | €0.12 | x |
| 2023-06-30 | €0.31 | €0.12 | x |
| 2024-06-30 | €0.29 | €0.12 | x |
| 2025-06-30 | €0.29 | €0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Step One Clothing Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.56%
- • Asset Turnover: 1.40x
- • Equity Multiplier: 1.19x
- Recent ROE (24.33%) is above the historical average (14.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | -6.17% | -4.16% | 1.14x | 1.30x | €-7.87 Million |
| 2023 | 15.10% | 13.22% | 0.99x | 1.16x | €2.91 Million |
| 2024 | 23.75% | 14.67% | 1.33x | 1.22x | €7.18 Million |
| 2025 | 24.33% | 14.56% | 1.40x | 1.19x | €7.45 Million |
Industry Comparison
This section compares Step One Clothing Limited's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $3,901,219,625
- Average return on equity (ROE) among peers: -7.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Step One Clothing Limited (J6H) | €52.00 Million | -6.17% | 0.19x | $7.03 Million |
| Xtep International Holdings Limited (4QI) | $5.33 Billion | 7.66% | 0.68x | $764.90 Million |
| The Buckle Inc (BK2) | $413.22 Million | 53.22% | 1.15x | $1.32 Billion |
| The Cato Corporation (CO2A) | $192.32 Million | -12.45% | 1.53x | $37.09 Million |
| ESH (ESH) | $1.97 Billion | -118.97% | 1.93x | $18.78 Million |
| RIGHT ON Co. Ltd (RGH) | $22.64 Billion | -27.14% | 1.06x | $24.86 Million |
| Stockmann Oyj Abp (SOMB) | $394.00 Million | 3.35% | 2.34x | $284.27 Million |
| Tom Tailor Holding SE (TTI) | $212.95 Million | 5.95% | 2.03x | $5.05K |
| APB Apranga (WHX) | $63.66 Million | 26.35% | 1.51x | $48.25 Million |