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StepStone Group Inc. (STEP)

NEGATIVE
Financial ServicesAsset ManagementUnited States

Fundamental

30

Price

$49.69

Market Cap

$6.46B

Part 1 · What the company is worth

Overview

StepStone Group Inc. is a private equity and venture capital firm specializing in primary, direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. The firm seeks to make minority and majority investments. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, South Korea, Europe, Australia and Asia.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$2.01B

Trailing 12 months (through 6/30/2026)

Net Income

$-613M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$64M

Total Equity

$-414M

Total Liabilities

$5.88B

Current Ratio

0.90

Interest Coverage

-

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseUndervalued

Fair Value

$70.38

Current Price

$49.69

Margin of Safety

+29.4%

Fair Value Range

$66.86 - $73.89

Estimation Methods

Analyst price target:$70.38
Discounted cash flow (DCF):Not enough data to compute it
Earnings multiple (P/E):Not enough data to compute it
Graham growth formula:Not enough data to compute it
Earnings power value (EPV):Not enough data to compute it
Justified P/B:Not enough data to compute it
Dividend discount (Gordon):$17.06
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:Not enough data to compute it
Analyst Consensus:Strong Buy (12B / 2H / 0S)
Last Earnings Surprise:-7.17%

Valuation Metrics

P/E Ratio

-

ROE

129.6%

P/B Ratio

-

P/FCF

-

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

9.3%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (3)

  • Revenue Growth 5Y 20.7%
  • Analyst Consensus 86% Buy
  • Earnings Surprise avg 4.8%

Failed (10)

  • EPS shows upward trend
  • Price CAGR 3.87%
  • Positive Free Cash Flow
  • Return on Tangible Assets
  • Low reliance on intangibles
  • DCF valuation (Unknown)
  • ROE -98.4%
  • Share Dilution 10.9%
  • Net Margin Trend -30.5% vs -17.1%
  • Piotroski F-Score 3/9

Unavailable (14)

  • ROIC NaN%
  • Gross Margin NaN%
  • P/FCF NaN
  • P/B Ratio NaN
  • Dividend Payout NaN%
  • Debt/Equity ratio
  • Operating Margin NaN%
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

3/9

Serious financial concerns

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

10.9%

Issuing new shares, diluting ownership

Governance

Executive Team

NameTitleAge
Mr. Monte M. Brem J.D.Co-Founder & Executive Chairman57
Mr. Scott HartCEO, Partner & Director45
Mr. Thomas KeckPartner, Head of Research and Portfolio Management & Vice Chairman59
Mr. Jason Paul Ment J.D.Partner, President & Co-COO48
Mr. David Yongil ParkPartner & CFO51
Mr. Jose A. Fernandez J.D.CO-COO, Director & Partner54
Mr. Michael I. McCabePartner, Head of Strategy & Director56
Mr. Mark T. Maruszewski CFAPartner & Vice Chairman58
Mr. David T. JeffreyPartner & Vice Chairman55
Ms. Rebecca AjavanandaPartner57

Audit Risk

6

Board Risk

10

Compensation Risk

7

Shareholder Rights Risk

4

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for STEP, sourced from Markets Gazette.

  • 5/20/2026NEUTRAL
    Transcript: StepStone Group Q4 2026 Earnings Conference Call

    StepStone Group held its Q4 2026 Earnings Conference Call on May 20, 2026. While the transcript indicates a discussion of financial performance and strategic outlook, no specific earnings figures, revenue growth, or profit margins were immediately available in the provided summary. The call likely covered operational highlights and future guidance, but without concrete data points, its direct impact on investor sentiment remains neutral pending further details. Investors will be looking for specific financial metrics and forward-looking statements to assess the company's trajectory.

via Markets Gazette