Steppe CementSPPCF 55 EV-to-FCF is 3.94 as of Jun. 26, 2026, which is 48% below its 10-year median of 7.59. GuruFocus rates SPPCF with a GF Score™ of 55/100 and a GF Value™ of $0.31. The stock has 6 warning signs investors should review. Among 271 Building Materials companies, Steppe Cement ranks better than 92.25% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Steppe Cement's Enterprise Value is $47.4 Mil.
Steppe Cement's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $12.0 Mil. Therefore, Steppe Cement's EV-to-FCF for today is 3.94.
The historical rank and industry rank for Steppe Cement's EV-to-FCF or its related term are showing as below:
SPPCF'
s EV-to-FCF Range Over the Past 10 Years
Min: 3.66 Med: 7.59 Max: 25.08
Current: 4.14
During the past 13 years, the highest EV-to-FCF of Steppe Cement was 25.08. The lowest was 3.66. And the median was 7.59.
SPPCF's EV-to-FCF is ranked better than 92.25% of 271
companies
in the Building Materials industry
Industry Median: 18.54
vs SPPCF: 4.14
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Steppe Cement's PE Ratio (TTM) for today is calculated as:
Steppe Cement's share price for today is $0.31.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Steppe Cement's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.015.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Steppe Cement EV-to-FCF Related Terms
Steppe Cement EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Steppe Cement's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Building Materials subindustry, Steppe Cement's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Steppe Cement EV-to-FCF vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Steppe Cement's EV-to-FCF falls into.
Steppe Cement's current Enterprise Value is $47.4 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Steppe Cement's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $12.0 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Steppe Cement (SPPCF) has a EV-to-FCF of 3.94 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Steppe Cement and its competitors. This is 48% below median its historical median of 7.59. Over the past decade, Steppe Cement's EV-to-FCF has ranged from 3.66 to 25.08. According to the industry distribution chart, Steppe Cement ranks #21 out of 271 companies in the Building Materials industry, placing it in the top 7.7%.
Is Steppe Cement's EV-to-FCF too high?
Steppe Cement's current EV-to-FCF of 3.94 is 48% below median its 10-year median of 7.59. Over the past 10 years, this metric has ranged from a low of 3.66 to a high of 25.08. The Building Materials industry median EV-to-FCF is 18.54. Steppe Cement's value of 3.94 is 78.7% below this industry median. Based on the distribution chart, Steppe Cement ranks #21 out of 271 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Steppe Cement has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's EV-to-FCF compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #21 out of 271 companies for EV-to-FCF. This places Steppe Cement in the top 8% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 18.54. Steppe Cement's value of 3.94 is 78.7% below this benchmark. Historically, Steppe Cement's own EV-to-FCF has ranged from 3.66 to 25.08 over the past decade. While the company's 10-year median is 7.59 vs. the industry median of 18.54, Steppe Cement has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Building Materials company?
The median EV-to-FCF among Building Materials companies is 18.54, based on 271 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steppe Cement's current EV-to-FCF of 3.94 is 78.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Steppe Cement and its competitors. For the Building Materials industry, the median EV-to-FCF is 18.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current EV-to-FCF is 3.94, which is 48% below median its own 10-year median of 7.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Cement stock overvalued right now?
Steppe Cement (SPPCF) has a current EV-to-FCF of 3.94. The stock's GF Value™ is $0.31, compared to a current price of $0.31 — trading right at its estimated fair value. The current EV-to-FCF is 3.94, which is 48% below median its 10-year median of 7.59 and 78.7% below the Building Materials industry median of 18.54. Steppe Cement's overall GF Score™ is 55/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Steppe Cement (SPPCF), the current EV-to-FCF is 3.94 as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Steppe Cement (SPPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Cement stock appears to be undervalued.
The current stock price of $0.31 is trading 0% below its estimated GF Value™ of $0.31.
Key valuation signals for SPPCF:
EV-to-FCF: 3.94 (48% below median its 10-year median of 7.59)
GF Value™: $0.31 vs. price of $0.31 (0% below fair value)
Industry Position: 78.7% below the Building Materials median (#21 of 271)
No single metric tells the full story. See the SPPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. The company derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.
55GF Score
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