Step One Clothing Limited (STP) Fair Value & Analysis
Consumer Cyclical · AU · Market cap A$29.7M
Fair value as of: Jun 26, 2026
From 24 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from A$0.2167 to A$0.2163 (−0.2%) since Jun 25, 2026. Share price −22.2% over the past month.
Price vs Fair Value (12 months)
12‑month range A$0.1302 – A$0.7362 · fair‑value band A$0.1682 – A$0.5731 · the A$0.1350 price screens below the A$0.2163 fair value. As of Jun 26, 2026.
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Step One Clothing Limited (STP) currently trades at A$0.1350, while our model-based Fair Value estimate is A$0.2163 — implying the stock looks roughly 60.2% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Step One Clothing Limited generated revenue of A$75.1M at a net margin of -5.3%. Revenue declined 24.5% year over year. It earns a return on equity of -8.5%. The balance sheet holds a net cash position of A$18.1M. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Step One Clothing Limited operates as a direct-to-consumer online retailer for underwear in the United Kingdom, the United States, and Australia. It offers men's and women's underwear through website, stepone.life. The company was incorporated in 2017 and is based in Sydney, Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Step One Clothing Limited reported revenue of A$86.9M in FY2025 versus A$61.7M in FY2021, a compound +8.9%/yr. Reported net income was A$12.7M in FY2025.
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Similar stocks
6 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Industria de Diseño Textil, S.A IDEXY | $16.18 | $9.14 | -44% |
| The TJX Companies, Inc TJX | C$29.33 | C$12.50 | -57% |
| Fast Retailing Co FRCOY | $50.95 | $19.25 | -62% |
| Ross Stores, Inc ROST | $236.97 | $118.41 | -50% |
| NEXT plc NXGPF | $190.69 | $207.74 | +9% |
| Burlington Stores, Inc BURL | $321.97 | $128.91 | -60% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.