Steppe CementSTU:ST9 +5.05%53 Net Margin % is 6.26% as of Dec. 2025, which is 24% below its 10-year median of 8.28. GuruFocus rates STU:ST9 with a GF Score™ of 53/100 and a GF Value™ of €0.20 (Fairly Valued). The stock has 6 warning signs investors should review. Among 407 Building Materials companies, Steppe Cement ranks worse than 53.81% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Steppe Cement's Net Income for the
six
months ended in Dec. 2025 was €3.24 Mil. Steppe Cement's Revenue for the
six
months ended in Dec. 2025 was €51.75 Mil. Therefore, Steppe Cement's net margin for the quarter that ended in Dec. 2025 was 6.26%.
The historical rank and industry rank for Steppe Cement's Net Margin % or its related term are showing as below:
STU:ST9'
s Net Margin % Range Over the Past 10 Years
Min: 0.34 Med: 8.28 Max: 20.62
Current: 3.29
STU:ST9's Net Margin % is ranked worse than 53.81% of 407
companies
in the Building Materials industry
Industry Median: 4.52
vs STU:ST9: 3.29
Steppe Cement (STU:ST9) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Steppe Cement Net Margin % Related Terms
Steppe Cement Net Margin % Historical Data
* Premium members only.
The historical data trend for Steppe Cement's Net Margin % 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 Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's Net Margin % distribution charts can be found below:
* The bar in red indicates where Steppe Cement's Net Margin % falls into.
* 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 (STU:ST9) has a Net Margin % of 6.26% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Steppe Cement and its competitors. This is 24% below median its historical median of 8.28. Over the past decade, Steppe Cement's Net Margin % has ranged from 0.34 to 20.62. According to the industry distribution chart, Steppe Cement ranks #219 out of 407 companies in the Building Materials industry, placing it in the top 53.8%.
Is Steppe Cement's Net Margin % too high?
Steppe Cement's current Net Margin % of 6.26% is 24% below median its 10-year median of 8.28. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 20.62. The Building Materials industry median Net Margin % is 4.52. Steppe Cement's value of 6.26% is 38.5% above this industry median. Based on the distribution chart, Steppe Cement ranks #219 out of 407 companies in the Building Materials industry, which is below the industry midpoint. Overall, Steppe Cement has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's Net Margin % compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #219 out of 407 companies for Net Margin %. This places Steppe Cement in the lower half of its industry. The industry median Net Margin % is 4.52. Steppe Cement's value of 6.26% is 38.5% above this benchmark. Historically, Steppe Cement's own Net Margin % has ranged from 0.34 to 20.62 over the past decade. While the company's 10-year median is 8.28 vs. the industry median of 4.52, Steppe Cement has consistently been above 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 Net Margin % for a Building Materials company?
The median Net Margin % among Building Materials companies is 4.52, based on 407 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steppe Cement's current Net Margin % of 6.26% is 38.5% above 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Steppe Cement and its competitors. For the Building Materials industry, the median Net Margin % is 4.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current Net Margin % is 6.26%, which is 24% below median its own 10-year median of 8.28. 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?
Based on GuruFocus' analysis, Steppe Cement (STU:ST9) is currently considered Fairly Valued. The stock's GF Value™ is €0.20, compared to a current price of €0.21 — trading 4% above its estimated fair value. The current Net Margin % is 6.26%, which is 24% below median its 10-year median of 8.28 and 38.5% above the Building Materials industry median of 4.52. Steppe Cement's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Steppe Cement (STU:ST9), the current Net Margin % is 6.26% as of Dec. 2025. 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 (STU:ST9) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Cement stock appears to be overvalued.
The current stock price of €0.21 is trading 4% above its estimated GF Value™ of €0.20.
GuruFocus considers Steppe Cement to be Fairly Valued.
Key valuation signals for STU:ST9:
Net Margin %: 6.26% (24% below median its 10-year median of 8.28)
GF Value™: €0.20 vs. price of €0.21 (4% above fair value)
Industry Position: 38.5% above the Building Materials median (#219 of 407)
No single metric tells the full story. See the STU:ST9 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.
53GF Score
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