STPCF
Step One Clothing Limited operates as a direct-to-consumer online retailer for men's underwear in the United Kingdom, the United States, and Australia. The company offers men's underwear products with a fly through its website, www.stepone.life. Step One Clothing Limited was incorporated in 2017 and is based in Surry Hills, Australia.
STPCF (STPCF) - Net Assets
Latest net assets as of June 2024: $52.22 Million USD
Based on the latest financial reports, STPCF (STPCF) has net assets worth $52.22 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($63.47 Million) and total liabilities ($11.25 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 | $52.22 Million |
| % of Total Assets | 82.27% |
| Annual Growth Rate | 6.49% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 11.21 |
STPCF - Net Assets Trend (2021–2024)
This chart illustrates how STPCF's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for STPCF (2021–2024)
The table below shows the annual net assets of STPCF from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $52.22 Million | -8.50% |
| 2023-06-30 | $57.07 Million | +17.34% |
| 2022-06-30 | $48.64 Million | +12.50% |
| 2021-06-30 | $43.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to STPCF'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 941000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $432.00K | 0.83% |
| Other Components | $51.79 Million | 99.17% |
| Total Equity | $52.22 Million | 100.00% |
STPCF Competitors by Market Cap
The table below lists competitors of STPCF ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Regis Corporation Common Stock
NYSE:RGS
|
$54.00 Million |
|
West Wits Mining Limited
PINK:WMWWF
|
$54.00 Million |
|
WULING MOTO.HLDGS HD-004
F:6LY
|
$54.01 Million |
|
SMCore.Inc
KQ:007820
|
$54.03 Million |
|
0RD9
LSE:0RD9
|
$53.98 Million |
|
Senzime AB (publ)
OTCGREY:SNZZF
|
$53.98 Million |
|
Aft Pharmaceuticals Ltd
AU:AFP
|
$53.97 Million |
|
Freightos Limited Ordinary shares
NASDAQ:CRGO
|
$53.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in STPCF's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 57,073,000 to 52,221,000, a change of -4,852,000 (-8.5%).
- Net income of 12,400,000 contributed positively to equity growth.
- Dividend payments of 16,635,000 reduced retained earnings.
- Share repurchases of 954,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.40 Million | +23.75% |
| Dividends Paid | $16.64 Million | -31.86% |
| Share Repurchases | $954.00K | -1.83% |
| Other Changes | $337.00K | +0.65% |
| Total Change | $- | -8.50% |
Book Value vs Market Value Analysis
This analysis compares STPCF'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: 2.91x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.56x to 2.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $0.23 | $0.83 | x |
| 2022-06-30 | $0.26 | $0.83 | x |
| 2023-06-30 | $0.31 | $0.83 | x |
| 2024-06-30 | $0.29 | $0.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently STPCF 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): 23.75%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.67%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 1.22x
- Recent ROE (23.75%) is above the historical average (10.89%), 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 |
Industry Comparison
This section compares STPCF's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $596,574,747
- Average return on equity (ROE) among peers: 4.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| STPCF (STPCF) | $52.22 Million | -6.17% | 0.22x | $53.98 Million |
| American Eagle Outfitters Inc (AEO) | $90.81 Million | 21.51% | 0.59x | $2.70 Billion |
| AKA Brands Holding Corp (AKA) | $148.62 Million | -66.54% | 1.43x | $8.64 Million |
| Abercrombie & Fitch Company (ANF) | $1.86 Billion | 6.85% | 0.64x | $3.90 Billion |
| Aritzia Inc (ATZAF) | $112.68 Million | 28.73% | 2.56x | $2.85 Billion |
| Allbirds Inc (BIRD) | $185.33 Million | -82.26% | 0.78x | $17.13 Million |
| Buckle Inc (BKE) | $389.15 Million | 26.84% | 1.23x | $1.53 Billion |
| Boot Barn Holdings Inc (BOOT) | $599.68 Million | 32.09% | 1.00x | $4.86 Billion |
| BrilliA Inc (BRIA) | $6.50 Million | 66.75% | 2.42x | $11.61 Million |
| Burlington Stores Inc (BURL) | $-150.47 Million | 0.00% | 0.00x | $18.67 Billion |
| Boozt AB (publ) (BZTAF) | $2.72 Billion | 8.57% | 1.19x | $605.80 Million |