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Steppe Cement (STCM) AI Stock Analysis
Steppe Cement
(LSE:STCM)
The score is driven primarily by solid financial quality (notably very low leverage and improving cash flow) and a strong technical uptrend. Valuation is supportive with a low P/E and a ~4.55% dividend yield. The key offset is profitability volatility and lower margins versus prior peak years, plus somewhat stretched momentum signals (RSI ~74).
Steppe Cement (STCM) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 95.27M
- Dividend Yield
- 4.60%
- Average Volume (3M)
- 215.45K
- Price to Earnings (P/E)
- 10.0
- Beta (1Y)
- 0.43
- Revenue Growth
- 15.81%
- EPS Growth
- 242.42%
- Country
- UK
- Employees
- 792
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Construction Materials
Steppe Cement Business Overview & Revenue Model
Company Description
Steppe Cement Ltd. operates as an investment holding company, primarily involved in the manufacturing and sale of cement and clinker in Kazakhstan. Beyond its core construction materials business, the firm also delivers consulting services and partic...
How the Company Makes Money
Steppe Cement makes money primarily by producing cement and selling it to customers in Kazakhstan. Its core revenue stream is the sale of cement (and related cement product variants) supplied to construction firms, building-materials merchants/distri...
Steppe Cement Financial Statement Overview
Summary
Financials are supported by a very strong balance sheet (low leverage; balance sheet score 82) and improving cash generation in 2025 (cash flow score 71, with higher OCF and FCF). The main drag is profitability volatility and multi-year margin compression versus 2021–2022 highs (income statement score 64), despite a 2025 rebound in revenue growth and margins.
Income Statement
64PositiveBalance Sheet
82Very PositiveCash Flow
71Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 121.65M | 101.54M | 84.92M | 81.76M | 86.73M | 84.58M |
| Gross Profit | 40.36M | 28.26M | 23.36M | 24.20M | 37.62M | 39.74M |
| EBITDA | 23.24M | 10.97M | 6.81M | 11.69M | 27.85M | 30.96M |
| Net Income | 12.78M | 3.32M | 997.29K | 4.53M | 17.88M | 17.07M |
Balance Sheet | ||||||
| Total Assets | 97.94M | 81.72M | 79.17M | 95.82M | 88.00M | 86.61M |
| Cash, Cash Equivalents and Short-Term Investments | 18.78M | 11.43M | 6.06M | 6.44M | 4.14M | 10.14M |
| Total Debt | 2.13M | 2.65M | 5.21M | 6.48M | 6.79M | 7.58M |
| Total Liabilities | 27.45M | 23.41M | 22.12M | 25.12M | 22.92M | 21.03M |
| Stockholders Equity | 70.49M | 58.32M | 57.05M | 70.70M | 65.08M | 65.58M |
Cash Flow | ||||||
| Free Cash Flow | 18.08M | 12.04M | 9.63M | 2.59M | 6.56M | 12.90M |
| Operating Cash Flow | 21.37M | 13.92M | 11.10M | 5.65M | 14.33M | 19.12M |
| Investing Cash Flow | -3.36M | -1.86M | -1.28M | -2.08M | -7.11M | -5.71M |
| Financing Cash Flow | -6.92M | -7.12M | -9.46M | -1.32M | -12.05M | -11.22M |
Steppe Cement Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:STCM, the sentiment is Positive. The current price of 43.50 is above the 20-day moving average (MA) of 38.81, above the 50-day MA of 30.66, and above the 200-day MA of 22.31, indicating a bullish trend. The MACD of 3.42 indicates Negative momentum. The RSI at 67.27 is Neutral, neither overbought nor oversold. The STOCH value of 77.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:STCM.
Steppe Cement Peers Comparison
Overall Rating
- GB:STCM74Outperform
GB:MSLH69Neutral
GB:MBH66Neutral
GB:FORT65Neutral
GB:IBST46Neutral
GB:ECOB45Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:STCM | 74Outperform | GBP 95.27M | 9.99 | 19.85% | 4.60% | 15.81% | 242.42% |
| GB:MSLH | 69Neutral | GBP 438.43M | 21.30 | 3.79% | 4.02% | -0.25% | -12.96% |
| GB:MBH | 66Neutral | GBP 63.92M | 17.41 | 4.06% | 6.52% | -7.01% | -28.77% |
| GB:FORT | 65Neutral | GBP 324.06M | 18.94 | 7.98% | 3.66% | -4.66% | 16.91% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| GB:IBST | 46Neutral | GBP 318.58M | -13.93 | -6.19% | 2.48% | -10.12% | -287.99% |
| GB:ECOB | 45Neutral | GBP 15.55M | -3.47 | -45.47% | ― | -39.36% | -4.53% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:STCM | Steppe Cement | 43.50 | 27.70 | 175.25% | |
| GB:FORT | Forterra plc | 163.80 | -11.62 | -6.63% | |
| GB:ECOB | Eco Buildings Group plc | 10.75 | -9.95 | -48.07% | |
| GB:IBST | Ibstock plc | 80.65 | -53.21 | -39.75% | |
| GB:MSLH | Marshalls plc | 174.20 | 10.48 | 6.40% | |
| GB:MBH | Michelmersh Brick Holdings | 70.50 | -12.63 | -15.19% |
Steppe Cement Corporate Events
Steppe Cement lifts revenue on pricing gains as Kazakh market stays flat
PositiveSteppe Cement reported strong revenue growth for the third quarter of 2026, with Q3 sales rising 19% year-on-year to KZT 21,824 million despite a 6.5% drop in volumes. For the first nine months, revenue jumped 32% to KZT 51,321 million, driven by hig...
Steppe Cement Declares Cash-Only Interim Dividend
PositiveSteppe Cement Ltd has declared an interim dividend of 2 pence per ordinary share, underscoring its confidence in current trading and cash generation and reinforcing its appeal to income-focused investors. The shares will trade ex‑dividend on 15...
Steppe Cement Swings to Profit as Capacity Expansion and Dividend Signal Confidence
PositiveSteppe Cement reported a sharp turnaround in the first half of 2026, lifting sales volumes by 15% to 978,950 tonnes and boosting turnover by 49% in USD terms to $61.1 million, helped by higher prices and a stronger Kazakh Tenge. Gross margin jumped t...
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.
Date of analysis: Oct 29, 2026