Stepstone Group Intrinsic Stock Value – STEPSTONE GROUP Reports Second Quarter Earnings for FY2024 Ending November 6 2023
November 26, 2023
🌥️Earnings Overview
On November 6 2023, STEPSTONE GROUP ($NASDAQ:STEP) reported their financial results for the second quarter of FY2024, which ended on September 30 2023. Net income also increased 189.7%, amounting to USD 26.2 million.
Share Price
On Monday, STEPSTONE GROUP reported their second quarter earnings for fiscal year 2024 ending November 6 2023. The stock opened at $29.1 but closed at $28.5, down by 1.7% from the last closing price of $29.0. This report was a continuation of their strong performance over the past quarters, where they have consistently outperformed their competitors in terms of profits and growth.
Overall, STEPSTONE GROUP’s second quarter earnings report is indicative of their growth trajectory and their commitment to delivering sustainable profits and value to their customers and shareholders. With continued focus on business and financial performance, they are well positioned to achieve their long-term goals. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stepstone Group. More…
| Total Revenues | Net Income | Net Margin |
| 537.57 | 69.36 | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stepstone Group. More…
| Operations | Investing | Financing |
| 134.19 | -40.9 | -58.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stepstone Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.61k | 1.97k | 12.4 |
Key Ratios Snapshot
Some of the financial key ratios for Stepstone Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.7% | 10.2% | 34.4% |
| FCF Margin | ROE | ROA |
| 21.6% | 14.8% | 3.2% |
Analysis – Stepstone Group Intrinsic Stock Value
At GoodWhale, we have conducted an in-depth analysis of STEPSTONE GROUP‘s wellbeing. Our proprietary Valuation Line has calculated a fair value for the STEPSTONE GROUP share of approximately $26.4. As of now, the stock is trading at $28.5, which is a fair price but slightly overvalued by 8.1%. We recommend investors to exercise caution when considering a purchase or sale of STEPSTONE GROUP stock at this time. More…
Peers
The company has a strong track record of delivering superior returns to its investors. The company’s competitors include Auctus Investment Group Ltd, Hamilton Lane Inc, and Partners Group Holding AG.
– Auctus Investment Group Ltd ($ASX:AVC)
Auctus Investment Group Ltd is a Hong Kong-based company principally engaged in the provision of financial services. The Company operates its businesses through three segments. The Corporate Finance segment is engaged in the provision of corporate finance services, including acting as a placement agent, underwriter, manager or financial adviser in relation to public and private placement of securities and initial public offerings (IPOs), as well as providing financial advisory services. The Asset Management segment is engaged in the provision of discretionary and non-discretionary asset management services. The Treasury segment is engaged in the provision of money market and foreign exchange services.
– Hamilton Lane Inc ($NASDAQ:HLNE)
Lane is a leading global alternative investment management firm specializing in private markets investing. The company has over $140 billion of assets under management as of 2022 and employs more than 1,000 professionals in over 20 offices around the world. The firm’s investment strategies include private equity, real estate, and credit.
Lane has a market cap of $2.47 billion as of 2022 and a return on equity of 50.2%. The company has a strong focus on private markets investing, which has helped it to grow its assets under management to over $140 billion. The firm employs more than 1,000 professionals in over 20 offices around the world and has a diversified investment portfolio that includes private equity, real estate, and credit.
– Partners Group Holding AG ($LTS:0QOQ)
As of 2022, Partners Group Holding AG has a market cap of 23.5B and a return on equity of 38.44%. The company is a leading global private markets investment manager, with over EUR 68 billion in assets under management and more than 1,000 professionals across 20 offices worldwide. Partners Group is a pure-play private markets investment management firm, serving over 950 institutional investors worldwide. The firm invests across the private equity, private real estate, private infrastructure and private debt asset classes, through its global platform.
Summary
Investors should take note of STEPSTONE GROUP‘s strong performance in the second quarter of FY2024, ending November 6 2023. Total revenue grew an impressive USD 191.4 million, up from -158.5 million year over year. Net income rose by 189.7%, reaching USD 26.2 million.
This strong performance is encouraging and suggests a positive outlook for the company going forward. These positive results demonstrate the company’s ability to generate returns for investors, despite the challenging economic environment caused by the pandemic.
