Step One Clothing Limited (AU:STP)
ASX:STP
Want to see AU:STP full AI Analyst Report?
Top Page
Step One Clothing Limited
(Sydney:STP)
Select Model
Select Model
Rating:63Neutral
Price Target:
AU$0.19
▼(-45.14% Downside)
Action:Reiterated
Date:05/28/26
The score is supported by strong recent profitability and a very conservative balance sheet (low leverage), but is pulled down by clear bearish technical signals (below key moving averages with negative MACD) and added uncertainty from a negative P/E alongside an unusually high dividend yield amid revenue and cash flow volatility.
Positive Factors
Conservative balance sheet
Essentially no debt materially reduces refinancing and interest-rate risk, giving the company financial flexibility to fund working capital, marketing or inventory through lean periods. Over 2–6 months this supports stability in operations and capacity to sustain shareholder payouts or opportunistic investment.
Negative Factors
Sharp revenue decline
A sizable top-line drop undermines margin sustainability and the operating leverage that drives current profitability. If sales contraction persists over the next 2–6 months, marketing ROI and fixed-cost absorption will worsen, threatening the durability of mid-teens net margins and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Essentially no debt materially reduces refinancing and interest-rate risk, giving the company financial flexibility to fund working capital, marketing or inventory through lean periods. Over 2–6 months this supports stability in operations and capacity to sustain shareholder payouts or opportunistic investment.
Read all positive factors
Step One Clothing Limited (STP) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$30.58M
Dividend Yield20.3%
Average Volume (3M)155.68K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue Growth-14.29%
EPS Growth-129.96%
CountryAU
Employees51
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)-0.03
Shares Outstanding185,340,290
10 Day Avg. Volume172,340
30 Day Avg. Volume155,679
Financial Highlights & Ratios
PEG Ratio13.71
Price to Book (P/B)2.46
Price to Sales (P/S)1.47
P/FCF Ratio16.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.20Price Target Upside-42.86% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)<0.01
Revenue Forecast (FY)AU$65.40M
Step One Clothing Limited Business Overview & Revenue Model
Company Description
Step One Clothing Limited functions as an online-first business specializing in men's intimate apparel, which it sells directly to customers in the United Kingdom, the United States, and Australia. Its product line encompasses various undergarment...
How the Company Makes Money
Step One Clothing Limited makes money primarily by selling branded apparel directly to consumers. Revenue is generated when customers purchase products (e.g., underwear and other clothing items) through the company’s e-commerce website and any oth...
Step One Clothing Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.09M | 86.88M | 84.55M | 65.18M | 72.19M | 61.72M |
| Gross Profit | 37.18M | 66.38M | 68.33M | 48.16M | 59.17M | 41.99M |
| EBITDA | -3.44M | 18.66M | 18.84M | 11.13M | -267.00K | 3.17M |
| Net Income | -4.00M | 12.65M | 12.40M | 8.62M | -3.00M | -118.00K |
Balance Sheet | ||||||
| Total Assets | 47.38M | 62.13M | 63.47M | 66.12M | 63.24M | 56.14M |
| Cash, Cash Equivalents and Short-Term Investments | 24.01M | 33.14M | 38.95M | 38.31M | 34.21M | 41.68M |
| Total Debt | 1.58M | 0.00 | 293.00K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 8.44M | 10.13M | 11.25M | 9.05M | 14.60M | 12.90M |
| Stockholders Equity | 38.94M | 52.00M | 52.22M | 57.07M | 48.64M | 43.24M |
Cash Flow | ||||||
| Free Cash Flow | -6.56M | 7.98M | 18.49M | 4.57M | -8.80M | 6.55M |
| Operating Cash Flow | -6.55M | 8.00M | 18.66M | 4.65M | -8.78M | 6.60M |
| Investing Cash Flow | 10.35M | -5.02M | -10.17M | -77.00K | -19.00K | -46.00K |
| Financing Cash Flow | -13.26M | -14.12M | -17.73M | -571.00K | 32.28M | -2.55M |
Step One Clothing Limited Technical Analysis
Negative
0.35
Price Trends
0.20
Negative
0.24
Negative
0.35
Negative
Market Momentum
>-0.01
Positive
38.96
Neutral
28.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:STP, the sentiment is Negative. The current price of 0.35 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.20, and below the 200-day MA of 0.35, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.96 is Neutral, neither overbought nor oversold. The STOCH value of 28.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:STP.
Step One Clothing Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$30.58M | -7.65 | -8.79% | 20.30% | -14.29% | -129.96% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | AU$354.58M | 9.20 | 7.94% | 7.33% | 2.05% | -43.61% | |
58 Neutral | AU$491.01M | 14.33 | 22.34% | 4.70% | 14.44% | 61.48% | |
48 Neutral | AU$93.40M | -10.97 | -24.62% | ― | -6.53% | -448.44% | |
43 Neutral | AU$16.56M | -2.97 | -16.89% | ― | 41.14% | 93.28% |
* Consumer Cyclical Sector Average
AU:STP
Step One Clothing Limited
0.17
-0.48
-74.54%
AU:AX1
Accent Group Ltd
0.59
-1.18
-66.70%
AU:UNI
Universal Store Holdings Ltd.
6.40
-1.08
-14.47%
AU:CTT
Cettire Ltd.
0.25
-0.20
-44.32%
AU:CCX
City Chic Collective Limited
0.04
-0.04
-46.25%
Step One Clothing Limited Corporate Events
Step One Clothing Issues 3.2m Unquoted Performance Rights Under Staff Incentive Plan
Mar 31, 2026
Step One Clothing Limited has notified the market of several new issues of unquoted performance rights under its employee incentive scheme, totalling 3.2 million securities across three separate issue dates in early 2026. The additional performanc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.