Steppe Cement (STCM) - Net Assets
Based on the latest financial reports, Steppe Cement (STCM) has net assets worth GBX56.73 Million GBX as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX80.63 Million) and total liabilities (GBX23.90 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 | GBX56.73 Million |
| % of Total Assets | 70.36% |
| Annual Growth Rate | 4.68% |
| 5-Year Change | -1.54% |
| 10-Year Change | 0.57% |
| Growth Volatility | 47.3 |
Steppe Cement - Net Assets Trend (2005–2024)
This chart illustrates how Steppe Cement's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Steppe Cement (2005–2024)
The table below shows the annual net assets of Steppe Cement from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | GBX57.05 Million | -19.30% |
| 2023-12-31 | GBX70.70 Million | +8.63% |
| 2022-12-31 | GBX65.08 Million | -0.76% |
| 2021-12-31 | GBX65.58 Million | +13.18% |
| 2020-12-31 | GBX57.94 Million | -7.85% |
| 2019-12-31 | GBX62.88 Million | +12.37% |
| 2018-12-31 | GBX55.96 Million | -5.98% |
| 2017-12-31 | GBX59.52 Million | +2.54% |
| 2016-12-31 | GBX58.04 Million | +2.32% |
| 2015-12-31 | GBX56.73 Million | -51.80% |
| 2014-12-31 | GBX117.69 Million | -23.89% |
| 2013-12-31 | GBX154.63 Million | +3.65% |
| 2012-12-31 | GBX149.17 Million | +17.47% |
| 2011-12-31 | GBX126.99 Million | +1.82% |
| 2010-12-31 | GBX124.72 Million | +22.27% |
| 2009-12-31 | GBX102.00 Million | -20.88% |
| 2008-12-31 | GBX128.92 Million | +16.70% |
| 2007-12-31 | GBX110.47 Million | +59.68% |
| 2006-12-31 | GBX69.18 Million | +189.22% |
| 2005-12-31 | GBX23.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Steppe Cement'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 631.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX121.86 Million | 213.61% |
| Common Stock | GBX65.40 Million | 114.63% |
| Total Equity | GBX57.05 Million | 100.00% |
Steppe Cement Competitors by Market Cap
The table below lists competitors of Steppe Cement ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aberforth Geared Value & Income Trust plc
LSE:AGZI
|
$563.17K |
|
Cinaport Acquisition Corp. III
V:CAC-P
|
$563.33K |
|
Cobra Resources PLC
LSE:COBR
|
$563.66K |
|
AKER HORIZONS ASA NK 1
F:7QF
|
$564.96K |
|
Nagambie Resources Limited
F:P6C
|
$559.23K |
|
Vertiqal Studios Corp.
F:9PY0
|
$558.65K |
|
Vantex Resources Ltd
V:VAX
|
$556.63K |
|
RAFAKO SA
WAR:RFK
|
$555.38K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Steppe Cement's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 70,695,032 to 57,051,018, a change of -13,644,014 (-19.3%).
- Net income of 997,290 contributed positively to equity growth.
- Share repurchases of 8,361,000 reduced equity.
- Other comprehensive income increased equity by 123,661,954.
- Other factors decreased equity by 129,942,258.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX997.29K | +1.75% |
| Share Repurchases | GBX8.36 Million | -14.66% |
| Other Comprehensive Income | GBX123.66 Million | +216.76% |
| Other Changes | GBX-129.94 Million | -227.77% |
| Total Change | GBX- | -19.30% |
Book Value vs Market Value Analysis
This analysis compares Steppe Cement'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: 80.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 35.13x to 80.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | GBX0.60 | GBX21.00 | x |
| 2006-12-31 | GBX0.61 | GBX21.00 | x |
| 2007-12-31 | GBX0.96 | GBX21.00 | x |
| 2008-12-31 | GBX1.12 | GBX21.00 | x |
| 2009-12-31 | GBX0.72 | GBX21.00 | x |
| 2010-12-31 | GBX0.78 | GBX21.00 | x |
| 2011-12-31 | GBX0.71 | GBX21.00 | x |
| 2012-12-31 | GBX0.82 | GBX21.00 | x |
| 2013-12-31 | GBX0.71 | GBX21.00 | x |
| 2014-12-31 | GBX0.54 | GBX21.00 | x |
| 2015-12-31 | GBX0.25 | GBX21.00 | x |
| 2016-12-31 | GBX0.27 | GBX21.00 | x |
| 2017-12-31 | GBX0.29 | GBX21.00 | x |
| 2018-12-31 | GBX0.26 | GBX21.00 | x |
| 2019-12-31 | GBX0.29 | GBX21.00 | x |
| 2020-12-31 | GBX0.27 | GBX21.00 | x |
| 2021-12-31 | GBX0.30 | GBX21.00 | x |
| 2022-12-31 | GBX0.30 | GBX21.00 | x |
| 2023-12-31 | GBX0.33 | GBX21.00 | x |
| 2024-12-31 | GBX0.26 | GBX21.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Steppe Cement 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): 1.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.17%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.39x
- Recent ROE (1.75%) is below the historical average (11.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 69.68% | 82.46% | 0.50x | 1.69x | GBX14.28 Million |
| 2006 | 20.78% | 25.84% | 0.53x | 1.51x | GBX7.46 Million |
| 2007 | 33.70% | 36.92% | 0.55x | 1.65x | GBX26.18 Million |
| 2008 | 14.46% | 20.37% | 0.37x | 1.93x | GBX5.75 Million |
| 2009 | -16.19% | -27.93% | 0.30x | 1.95x | GBX-26.72 Million |
| 2010 | -3.00% | -5.13% | 0.35x | 1.69x | GBX-16.21 Million |
| 2011 | 2.63% | 3.47% | 0.48x | 1.57x | GBX-9.37 Million |
| 2012 | 5.60% | 6.96% | 0.53x | 1.53x | GBX-6.56 Million |
| 2013 | 6.76% | 8.17% | 0.58x | 1.43x | GBX-5.01 Million |
| 2014 | -6.75% | -6.81% | 0.59x | 1.68x | GBX-19.71 Million |
| 2015 | -5.96% | -3.61% | 0.97x | 1.69x | GBX-9.05 Million |
| 2016 | 0.30% | 0.34% | 0.55x | 1.65x | GBX-5.63 Million |
| 2017 | 2.07% | 1.87% | 0.72x | 1.54x | GBX-4.72 Million |
| 2018 | 15.95% | 10.86% | 1.00x | 1.47x | GBX3.33 Million |
| 2019 | 15.44% | 12.14% | 0.85x | 1.50x | GBX3.42 Million |
| 2020 | 19.19% | 14.87% | 0.92x | 1.40x | GBX5.32 Million |
| 2021 | 26.02% | 20.18% | 0.98x | 1.32x | GBX10.51 Million |
| 2022 | 27.48% | 20.62% | 0.99x | 1.35x | GBX11.38 Million |
| 2023 | 6.40% | 5.53% | 0.85x | 1.36x | GBX-2.54 Million |
| 2024 | 1.75% | 1.17% | 1.07x | 1.39x | GBX-4.71 Million |
Industry Comparison
This section compares Steppe Cement's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $870,782,429
- Average return on equity (ROE) among peers: 14.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Steppe Cement (STCM) | GBX56.73 Million | 69.68% | 0.42x | $559.57K |
| Breedon Group PLC (BREE) | $148.99 Million | 6.27% | 0.86x | $13.94 Million |
| CRH PLC (CRH) | $5.10 Billion | 12.83% | 1.17x | $714.63 Million |
| Forterra PLC (FORT) | $220.50 Million | 26.67% | 0.80x | $4.36 Million |
| Ibstock PLC (IBST) | $329.46 Million | 27.43% | 1.14x | $5.46 Million |
| Michelmersh Brick Holdings Plc (MBH) | $95.93 Million | 6.36% | 0.32x | $860.39K |
| Marshalls PLC (MSLH) | $192.72 Million | 14.61% | 0.71x | $4.72 Million |
| Sigmaroc PLC (SRC) | $4.68 Million | 6.92% | 0.22x | $18.22 Million |
About Steppe Cement
Steppe Cement Ltd., an investment holding company, engages in the production and sale of cement and clinkers in Kazakhstan. It is also involved in providing consultancy services; and transmission and distribution of electricity. The company was incorporated in 2004 and is based in Kuala Lumpur, Malaysia.