Steppe Cement Ltd (GB:STCM)
LSE:STCM
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Steppe Cement
(LSE:STCM)
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Rating:66Neutral
Price Target:
22.50 p
▲(15.38% Upside)
Action:ReiteratedDate:12/07/25
Steppe Cement's overall score is driven by strong cash flow and low leverage, positive corporate events, and attractive dividend yield. However, high P/E ratio and overbought technical indicators pose risks.
Positive Factors
Cash generation
Steppe Cement's consistent operating cash flow and materially positive free cash flow provide durable internal funding for capex, dividends and debt service. Strong cash conversion reduces reliance on external financing and supports stability through construction cycles over the next 2-6 months.
Negative Factors
Revenue and margin weakness
Inconsistent top-line growth coupled with materially weaker gross and operating margins indicate pressures on pricing or rising costs. Sustained margin compression can erode cash generation and constrain reinvestment or dividend sustainability over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Steppe Cement's consistent operating cash flow and materially positive free cash flow provide durable internal funding for capex, dividends and debt service. Strong cash conversion reduces reliance on external financing and supports stability through construction cycles over the next 2-6 months.
Read all positive factors
Steppe Cement (STCM) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£41.61M
Dividend Yield8.11%
Average Volume (3M)86.13K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth0.93%
EPS Growth-80.00%
CountryUK
Employees794
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding219,000,000
10 Day Avg. Volume151,698
30 Day Avg. Volume86,127
Financial Highlights & Ratios
PEG Ratio-0.55
Price to Book (P/B)0.74
Price to Sales (P/S)0.50
P/FCF Ratio4.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Steppe Cement Business Overview & Revenue Model
Company Description
Steppe Cement Ltd., an investment holding company, produces and sells cement and clinkers in Kazakhstan. It also engages in the provision of consultancy services; and transmission and distribution of electricity. The company is headquartered in Ku...
How the Company Makes Money
Steppe Cement generates revenue primarily through the sales of its cement products, which are essential for construction and infrastructure development. The company's revenue model is based on direct sales to construction companies, distributors, ...
Steppe Cement Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 66.22M | 84.92M | 81.76M | 86.73M | 84.58M | 74.77M |
| Gross Profit | 17.66M | 23.36M | 24.20M | 37.62M | 39.74M | 32.33M |
| EBITDA | 7.38M | 6.81M | 11.69M | 27.85M | 30.96M | 23.13M |
| Net Income | 1.77M | 997.29K | 4.53M | 17.88M | 17.07M | 11.12M |
Balance Sheet | ||||||
| Total Assets | 80.63M | 79.17M | 95.82M | 88.00M | 86.61M | 81.27M |
| Cash, Cash Equivalents and Short-Term Investments | 7.27M | 6.06M | 6.44M | 4.14M | 10.14M | 8.21M |
| Total Debt | 4.79M | 5.21M | 6.48M | 6.79M | 7.58M | 10.70M |
| Total Liabilities | 23.90M | 22.12M | 25.12M | 22.92M | 21.03M | 23.33M |
| Stockholders Equity | 56.73M | 57.05M | 70.70M | 65.08M | 65.58M | 57.94M |
Cash Flow | ||||||
| Free Cash Flow | 7.33M | 9.63M | 2.59M | 6.56M | 12.90M | 16.70M |
| Operating Cash Flow | 7.65M | 11.10M | 5.65M | 14.33M | 19.12M | 19.81M |
| Investing Cash Flow | -43.97K | -1.28M | -2.08M | -7.11M | -5.71M | -2.81M |
| Financing Cash Flow | -4.89M | -9.46M | -1.32M | -12.05M | -11.22M | -17.01M |
Steppe Cement Technical Analysis
Negative
19.50
Price Trends
19.83
Negative
18.93
Negative
17.44
Negative
Market Momentum
-0.65
Positive
14.80
Positive
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:STCM, the sentiment is Negative. The current price of 19.5 is above the 20-day moving average (MA) of 18.50, below the 50-day MA of 19.83, and above the 200-day MA of 17.44, indicating a bearish trend. The MACD of -0.65 indicates Positive momentum. The RSI at 14.80 is Positive, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:STCM.
Steppe Cement Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | £41.61M | -25.28 | 3.12% | 8.11% | 0.93% | -80.00% | |
62 Neutral | £341.34M | 23.01 | 7.33% | 2.13% | 15.99% | 96.05% | |
62 Neutral | £68.45M | 14.26 | 3.91% | 5.35% | -0.29% | -33.41% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | £15.18M | -22.81 | -27.34% | ― | 831.19% | 4.04% | |
53 Neutral | £366.45M | 31.71 | 2.91% | 4.18% | 1.31% | 10.19% | |
48 Neutral | £426.49M | 179.13 | 0.79% | 2.39% | 5.58% | 66.49% |
* Basic Materials Sector Average
GB:STCM
Steppe Cement
19.00
4.23
28.65%
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Steppe Cement Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Steppe Cement Schedules Live Investor Presentation on Results and Board Changes
Positive
Jan 19, 2026
Steppe Cement has announced that Executive Chairman Javier del Ser and Chief Executive Officer Petr Durnev will host a live online investor presentation on 22 January 2026 to discuss the company’s January update, annual results, board change...
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial DisclosuresPrivate Placements and Financing
Steppe Cement Boosts 2025 Revenues and Volumes as It Commits $35m to Capacity Expansion
Positive
Jan 15, 2026
Steppe Cement reported a strong trading performance for 2025, with revenue up 33% to KZT 52.4 billion and cement sales volumes rising 21% to 2.07 million tonnes, all sold domestically, as Kazakhstan’s cement consumption surged to 14.5 millio...
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial Disclosures
Steppe Cement Lifts Revenue and Volumes, Announces US$35m Capacity Expansion and Board Reshuffle
Positive
Jan 15, 2026
Steppe Cement reported a strong trading performance for 2025, with revenue rising 33% in tenge to KZT 52,375 million and domestic sales volumes increasing 21% to 2.07 million tonnes, as Kazakhstan’s cement consumption jumped to 14.5 million ...
Business Operations and StrategyFinancial Disclosures
Steppe Cement Completes USD 4.35m Capital Repayment to Shareholders
Positive
Dec 29, 2025
Steppe Cement Limited has completed a cash capital repayment of USD 4.35 million, equivalent to 1.5 pence per ordinary share, to its shareholders on 23 December 2025, with the payment made in pounds sterling. The distribution underscores the compa...
Business Operations and Strategy
Steppe Cement Announces Capital Repayment Details
Positive
Dec 9, 2025
Steppe Cement Limited has announced the details of its upcoming capital repayment, which will involve a total cash payout of USD 4,350,000, equating to approximately 1.5 pence per ordinary share. The key dates for this repayment include an ex-date...
Shareholder Meetings
Steppe Cement Announces Capital Repayment Approval
Neutral
Dec 5, 2025
Steppe Cement Limited, a company involved in the cement industry, announced the approval of a Special Resolution for a capital repayment at its recent Extraordinary General Meeting (EGM). The resolution, which received 82% shareholder approval, wi...
Business Operations and StrategyShareholder Meetings
Steppe Cement Proposes Capital Repayment via Share Reduction
Neutral
Nov 14, 2025
Steppe Cement Ltd has announced a proposed capital repayment of approximately 1.5 pence per ordinary share through a capital reduction, pending shareholder approval at an upcoming Extraordinary General Meeting. This move aims to return excess capi...
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.