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Steppe Cement

DB:ST9
Snowflake Description

Flawless balance sheet with outstanding track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ST9
DB
£46M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Steppe Cement Ltd., an investment holding company, produces and sells cement in Kazakhstan. The last earnings update was 208 days ago. More info.


Add to Portfolio Compare Print
  • Steppe Cement has significant price volatility in the past 3 months.
ST9 Share Price and Events
7 Day Returns
13.2%
DB:ST9
6.6%
Europe Basic Materials
2.1%
DE Market
1 Year Returns
-26.5%
DB:ST9
-26.7%
Europe Basic Materials
-16.6%
DE Market
ST9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Steppe Cement (ST9) 13.2% -17.3% -36.1% -26.5% 42.5% -27.3%
Europe Basic Materials 6.6% -18.2% -32.2% -26.7% -36.7% -34%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • ST9 matched the Basic Materials industry (-26.7%) over the past year.
  • ST9 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
ST9
Industry
5yr Volatility vs Market

Value

 Is Steppe Cement undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Steppe Cement to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Steppe Cement.

DB:ST9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ST9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.817 (1 + (1- 24%) (18.76%))
0.956
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.956 * 6.96%)
6.26%

Discounted Cash Flow Calculation for DB:ST9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Steppe Cement is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:ST9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.26%)
2020 14.00 Analyst x1 13.17
2021 13.00 Analyst x1 11.51
2022 13.00 Analyst x1 10.83
2023 13.00 Analyst x1 10.20
2024 12.00 Analyst x1 8.86
2025 11.79 Est @ -1.76% 8.19
2026 11.63 Est @ -1.35% 7.60
2027 11.51 Est @ -1.06% 7.08
2028 11.41 Est @ -0.86% 6.60
2029 11.32 Est @ -0.72% 6.17
Present value of next 10 years cash flows $90.00
DB:ST9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $11.32 × (1 + -0.39%) ÷ (6.26% – -0.39%)
$169.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $169.56 ÷ (1 + 6.26%)10
$92.37
DB:ST9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $90.00 + $92.37
$182.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $182.37 / 219.00
$0.83
DB:ST9 Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:STCM)
0.81
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $0.83 x 0.81
£0.67
Non-primary Listing Adjustment Factor 1 share in DB:ST9 represents 1.22858x of AIM:STCM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.22858x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.67 x 1.22858
€0.83
Value per share (EUR) From above. €0.83
Current discount Discount to share price of €0.26
= -1 x (€0.26 - €0.83) / €0.83
68.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Steppe Cement is available for.
Intrinsic value
>50%
Share price is €0.258 vs Future cash flow value of €0.82875
Current Discount Checks
For Steppe Cement to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Steppe Cement's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Steppe Cement's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Steppe Cement's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Steppe Cement's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ST9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.05
AIM:STCM Share Price ** AIM (2020-04-07) in GBP £0.21
AIM:STCM Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.234 $0.26
Europe Basic Materials Industry PE Ratio Median Figure of 33 Publicly-Listed Basic Materials Companies 9.52x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Steppe Cement.

DB:ST9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:STCM Share Price ÷ EPS (both in USD)

= 0.26 ÷ 0.05

4.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Steppe Cement is good value based on earnings compared to the Europe Basic Materials industry average.
  • Steppe Cement is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Steppe Cement's expected growth come at a high price?
Raw Data
DB:ST9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-0.4%per year
Europe Basic Materials Industry PEG Ratio Median Figure of 17 Publicly-Listed Basic Materials Companies 1.67x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:ST9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.81x ÷ -0.4%

-13.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Steppe Cement earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Steppe Cement's assets?
Raw Data
DB:ST9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.23
AIM:STCM Share Price * AIM (2020-04-07) in GBP £0.21
AIM:STCM Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.234 $0.26
Europe Basic Materials Industry PB Ratio Median Figure of 39 Publicly-Listed Basic Materials Companies 0.85x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:ST9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:STCM Share Price ÷ Book Value per Share (both in USD)

= 0.26 ÷ 0.23

1.1x

* Primary Listing of Steppe Cement.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Steppe Cement is overvalued based on assets compared to the Europe Basic Materials industry average.
X
Value checks
We assess Steppe Cement's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. Steppe Cement has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Steppe Cement expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Steppe Cement expected to grow at an attractive rate?
  • Steppe Cement's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Steppe Cement's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Steppe Cement's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ST9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ST9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -0.4%
DB:ST9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.5%
Europe Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Europe Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ST9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ST9 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 87 21 12 1
2023-12-31 87 21 12 1
2022-12-31 86 22 13 1
2021-12-31 85 22 13 1
2020-12-31 84 23 13 1
2020-04-07
2019-12-31 83 23 13 1
DB:ST9 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 86 21 12
2019-03-31 84 20 10
2018-12-31 82 19 9
2018-09-30 77 18 5
2018-06-30 72 17 2
2018-03-31 69 15 2
2017-12-31 66 12 1
2017-09-30 61 10 1
2017-06-30 56 8 1
2017-03-31 54 9 1
2016-12-31 52 10 0
2016-09-30 63 14 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Steppe Cement's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Steppe Cement's revenue is expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ST9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Steppe Cement Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ST9 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 0.06 0.06 0.06 1.00
2022-12-31 0.06 0.06 0.06 1.00
2021-12-31 0.06 0.06 0.06 1.00
2020-12-31 0.06 0.06 0.06 1.00
2020-04-07
2019-12-31 0.06 0.06 0.06 1.00
DB:ST9 Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.05
2019-03-31 0.05
2018-12-31 0.04
2018-09-30 0.02
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Steppe Cement is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Steppe Cement's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Steppe Cement has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Steppe Cement performed over the past 5 years?

  • Steppe Cement's last earnings update was 208 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Steppe Cement's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Steppe Cement has delivered over 20% year on year earnings growth in the past 5 years.
  • Steppe Cement's 1-year earnings growth exceeds its 5-year average (563.5% vs 66.6%)
  • Steppe Cement's earnings growth has exceeded the Europe Basic Materials industry average in the past year (563.5% vs 20.8%).
Earnings and Revenue History
Steppe Cement's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Steppe Cement Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ST9 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 86.47 11.80 21.52
2019-03-31 84.33 10.36 21.68
2018-12-31 82.18 8.92 21.84
2018-09-30 77.02 5.35 20.76
2018-06-30 71.85 1.78 19.69
2018-03-31 68.85 1.50 18.38
2017-12-31 65.86 1.23 17.07
2017-09-30 60.73 1.27 15.38
2017-06-30 55.60 1.31 13.70
2017-03-31 54.04 0.75 13.41
2016-12-31 52.48 0.18 13.13
2016-09-30 62.57 -1.22 14.31
2016-06-30 72.66 -2.62 15.49
2016-03-31 83.14 -3.00 18.30
2015-12-31 93.63 -3.38 21.12
2015-09-30 101.58 -4.72 25.24
2015-06-30 109.52 -6.06 29.35
2015-03-31 113.08 -7.00 30.32
2014-12-31 116.63 -7.94 31.29
2014-09-30 121.04 -1.91 31.62
2014-06-30 125.44 4.11 31.96
2014-03-31 126.71 7.28 32.23
2013-12-31 127.98 10.45 32.50
2013-09-30 125.17 10.57 31.34
2013-06-30 122.36 10.69 30.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Steppe Cement has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Steppe Cement used its assets more efficiently than the Europe Basic Materials industry average last year based on Return on Assets.
  • Steppe Cement has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Steppe Cement's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Steppe Cement has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Steppe Cement's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Steppe Cement's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Steppe Cement is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Steppe Cement's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Steppe Cement's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Steppe Cement Company Filings, last reported 9 months ago.

DB:ST9 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 51.44 10.65 10.78
2019-03-31 51.44 10.65 10.78
2018-12-31 55.96 11.82 5.72
2018-09-30 55.96 11.82 5.72
2018-06-30 55.08 17.77 3.65
2018-03-31 55.08 17.77 3.65
2017-12-31 59.52 20.03 3.05
2017-09-30 59.52 20.03 3.05
2017-06-30 60.15 28.06 1.75
2017-03-31 60.15 28.06 1.75
2016-12-31 58.04 26.42 1.02
2016-09-30 58.04 26.42 1.02
2016-06-30 55.29 31.43 2.50
2016-03-31 55.29 31.43 2.50
2015-12-31 56.73 30.68 2.41
2015-09-30 56.73 30.68 2.41
2015-06-30 112.92 49.79 5.87
2015-03-31 112.92 49.79 5.87
2014-12-31 117.69 57.45 9.30
2014-09-30 117.69 57.45 9.30
2014-06-30 125.08 54.16 3.12
2014-03-31 125.08 54.16 3.12
2013-12-31 154.63 40.79 4.30
2013-09-30 154.63 40.79 4.30
2013-06-30 150.23 46.96 5.14
  • Steppe Cement's level of debt (20.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (43.4% vs 20.7% today).
  • Debt is well covered by operating cash flow (193.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.1x coverage).
X
Financial health checks
We assess Steppe Cement's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Steppe Cement has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Steppe Cement's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
13.28%
Current annual income from Steppe Cement dividends. Estimated to be 19.74% next year.
If you bought €2,000 of Steppe Cement shares you are expected to receive €266 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Steppe Cement's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Steppe Cement's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ST9 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ST9 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 0.05 1.00
2022-12-31 0.05 1.00
2021-12-31 0.05 1.00
2020-12-31 0.05 1.00
2020-04-07
2019-12-31 0.05 1.00
DB:ST9 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-13 0.034 10.317
2018-06-15 0.013 3.659
2016-09-13 0.000 0.000
2016-05-25 0.000 0.000
2015-09-11 0.000 0.000
2015-05-26 0.000 0.000
2014-10-02 0.029 6.928

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Steppe Cement has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Steppe Cement only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Steppe Cement's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Steppe Cement's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Steppe Cement afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Steppe Cement has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Steppe Cement's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Javier del Ser Perez
COMPENSATION $30,000
AGE 53
CEO Bio

Mr. Javier Del Ser Perez serves as Chief Executive Officer and Executive Director at Steppe Cement Ltd. Prior to joining Chagala Group in 2000, Mr. Del Ser Perez worked for 4 years for the Kazakhstan Asset Management Company managing the Kazakhstan Investment Fund, as a director responsible for launching the fund and identifying investment opportunities. Prior to this, he served as a Managing Director for Crescat Developments in Sri Lanka for 2.5 years responsible for construction and arranging financing and marketing the development of mixed use and hotel projects. He serves as Chairman of Central Asia Cement JSC and Central Asia Cement JSC. He serves as an Executive Director of Steppe Cement Ltd. He had served as a Non-Executive Director of Chagala Group Ltd from 2007 to October 12, 2018. He serves as a Non-Executive Director of Portola Limited, Mascam Kazakhstan, Almaty Land and Opera Holding. Mr. Del Ser Perez holds a Masters Degree in Structural Engineering from ETSI Caminos, Canales, y Puertos in Madrid and a Masters in Business Administration from HEC Jouy en Josas in France.

CEO Compensation
  • Javier's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Javier's remuneration is lower than average for companies of similar size in Germany.
Management Team

Javier del Ser Perez

TITLE
CEO & Executive Director
COMPENSATION
$30K
AGE
53

Peter Durnev

TITLE
General Director of Central Asia Cement JSC

George Ramesh

TITLE
General Director of Karcement Jsc
Board of Directors

Xavier Marcel Hervé Blutel - De Courbeville

TITLE
Non-Executive Chairman
COMPENSATION
$40K
AGE
66

Javier del Ser Perez

TITLE
CEO & Executive Director
COMPENSATION
$30K
AGE
53

Rupert Wood

TITLE
Non-Executive Director
COMPENSATION
$30K
AGE
48
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Jun 19 Sell Neon Liberty Capital Management, LLC Company 18. Jun 19 18. Jun 19 -500,000 €0.35 €-175,414
X
Management checks
We assess Steppe Cement's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Steppe Cement has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Steppe Cement Ltd., an investment holding company, produces and sells cement in Kazakhstan. The company also engages in the provision of consultancy services; and transmission and distribution of electricity. Steppe Cement Ltd. is headquartered in Kuala Lumpur, Malaysia.

Details
Name: Steppe Cement Ltd.
ST9
Exchange: DB
Founded:
£52,129,494
219,000,000
Website: http://www.steppecement.com
Address: Steppe Cement Ltd.
Rohas Perkasa,
Suite 10.1, 10th Floor,
Kuala Lumpur,
Wilayah Persekutuan, 50450,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM STCM Ordinary Shares London Stock Exchange AIM Market GB GBP 19. Sep 2005
DB ST9 Ordinary Shares Deutsche Boerse AG DE EUR 19. Sep 2005
Number of employees
Current staff
Staff numbers
735
Steppe Cement employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:46
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/01/10
Last earnings filing: 2019/09/12
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.