Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Steppe CementSPPCF 54 Intrinsic Value: Projected FCF is $0.73 as of Aug. 15, 2026, which is 40% above its 10-year median of 0.52. GuruFocus rates SPPCF with a GF Score™ of 54/100 and a GF Value™ of $0.28. The stock has 8 warning signs investors should review. Among 310 Building Materials companies, Steppe Cement ranks better than 79.68% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-15), Steppe Cement's Intrinsic Value: Projected FCF is $0.73. The stock price of Steppe Cement is $0.31. Therefore, Steppe Cement's Price-to-Intrinsic-Value-Projected-FCF of today is 0.4.
The historical rank and industry rank for Steppe Cement's Intrinsic Value: Projected FCF or its related term are showing as below:
SPPCF'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.28 Med: 0.52 Max: 0.73
Current: 0.42
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Steppe Cement was 0.73. The lowest was 0.28. And the median was 0.52.
SPPCF's Price-to-Projected-FCF is ranked better than 79.68% of 310
companies
in the Building Materials industry
Industry Median: 0.845
vs SPPCF: 0.42
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Steppe Cement's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
0.31
/
0.68970600593599
=
0.45
* 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 Intrinsic Value: Projected FCF Related Terms
Steppe Cement Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Steppe Cement's Intrinsic Value: Projected 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.
SPPCF vs CRH, VMC, MLM: Intrinsic Value: Projected FCF Comparison
For the Building Materials subindustry, Steppe Cement's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Steppe Cement's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $0.73 mean?
Steppe Cement (SPPCF) has a Intrinsic Value: Projected FCF of $0.73 as of Aug. 15, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Steppe Cement and its competitors. This is 40% above median its historical median of 0.52. Over the past decade, Steppe Cement's Intrinsic Value: Projected FCF has ranged from 0.28 to 0.73. According to the industry distribution chart, Steppe Cement ranks #63 out of 310 companies in the Building Materials industry, placing it in the top 20.3%.
Is Steppe Cement's Intrinsic Value: Projected FCF too high?
Steppe Cement's current Intrinsic Value: Projected FCF of $0.73 is 40% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.73. The Building Materials industry median Intrinsic Value: Projected FCF is 0.85. Steppe Cement's value of $0.73 is 13.6% below this industry median. Based on the distribution chart, Steppe Cement ranks #63 out of 310 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 54/100, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's Intrinsic Value: Projected FCF compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #63 out of 310 companies for Intrinsic Value: Projected FCF. This places Steppe Cement in the top 20% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.85. Steppe Cement's value of $0.73 is 13.6% below this benchmark. Historically, Steppe Cement's own Intrinsic Value: Projected FCF has ranged from 0.28 to 0.73 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 0.85, 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 Intrinsic Value: Projected FCF for a Building Materials company?
The median Intrinsic Value: Projected FCF among Building Materials companies is 0.85, based on 310 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steppe Cement's current Intrinsic Value: Projected FCF of $0.73 is 13.6% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Steppe Cement and its competitors. For the Building Materials industry, the median Intrinsic Value: Projected FCF is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current Intrinsic Value: Projected FCF is $0.73, which is 40% above median its own 10-year median of 0.52. 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 Intrinsic Value: Projected FCF of $0.73. The stock's GF Value™ is $0.28, compared to a current price of $0.31 — trading 10.7% above its estimated fair value. The current Intrinsic Value: Projected FCF is $0.73, which is 40% above median its 10-year median of 0.52 and 13.6% below the Building Materials industry median of 0.85. Steppe Cement's overall GF Score™ is 54/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Steppe Cement (SPPCF), the current Intrinsic Value: Projected FCF is $0.73 as of Aug. 15, 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 overvalued.
The current stock price of $0.31 is trading 10.7% above its estimated GF Value™ of $0.28.
Key valuation signals for SPPCF:
Intrinsic Value: Projected FCF: $0.73 (40% above median its 10-year median of 0.52)
GF Value™: $0.28 vs. price of $0.31 (10.7% above fair value)
Industry Position: 13.6% below the Building Materials median (#63 of 310)
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.
54GF Score
Get the complete analysis for SPPCF
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SPPCF has been successfully added to your 
