Step One Clothing (ASX:STP) OCF Margin %: -12.68% (As of Dec. 2025)


ASX:STP Step One Clothing Ltd ASX:STP
39 GF Score
Price A$0.14
GF Value A$0.64
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Step One Clothing OCF Margin %?

Step One Clothing ASX:STP -3.57% 39 OCF Margin % is -12.68% as of Dec. 2025. GuruFocus rates ASX:STP with a GF Score™ of 39/100 and a GF Value™ of A$0.64 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,124 Retail - Cyclical companies, Step One Clothing ranks worse than 87.54% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Step One Clothing's Cash Flow from Operations for the six months ended in Dec. 2025 was A$-4.61 Mil. Step One Clothing's Revenue for the six months ended in Dec. 2025 was A$36.33 Mil. Therefore, Step One Clothing's OCF Margin % for the quarter that ended in Dec. 2025 was -12.68%.

As of today, Step One Clothing's current OCF Yield % is -23.56%.

The historical rank and industry rank for Step One Clothing's OCF Margin % or its related term are showing as below:

ASX:STP' s OCF Margin % Range Over the Past 10 Years
Min: -11.98   Med: 8.17   Max: 22.07
Current: -8.72


During the past 5 years, the highest OCF Margin % of Step One Clothing was 22.07%. The lowest was -11.98%. And the median was 8.17%.

ASX:STP's OCF Margin % is ranked worse than
87.54% of 1124 companies
in the Retail - Cyclical industry
Industry Median: 5.545 vs ASX:STP: -8.72


Step One Clothing OCF Margin % Related Terms


Step One Clothing OCF Margin % Historical Data

* Premium members only.

The historical data trend for Step One Clothing's OCF 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.

Step One Clothing OCF Margin % Chart

Step One Clothing Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
OCF Margin %
0.00 -11.98 7.13 22.07 9.21

Step One Clothing Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.17 9.41 20.67 -5.02 -12.68

ASX:STP vs TJX, ROST, BURL: OCF Margin % Comparison

For the Apparel Retail subindustry, Step One Clothing's OCF Margin %, along with its competitors' market caps and OCF 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.


Step One Clothing OCF Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Step One Clothing's OCF Margin % falls into.


ASX:STP
39GF Score
Step One Clothing Ltd ASX:STP
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Step One Clothing OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Step One Clothing's OCF Margin for the fiscal year that ended in Jun. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Jun. 2025 )/Revenue (A: Jun. 2025 )
=8.001/86.882
=9.21 %

Step One Clothing's OCF Margin for the quarter that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-4.606/36.33
=-12.68 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of -12.68% mean?
Step One Clothing (ASX:STP) has a OCF Margin % of -12.68% as of Dec. 2025. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Step One Clothing and its competitors. According to the industry distribution chart, Step One Clothing ranks #984 out of 1124 companies in the Retail - Cyclical industry, placing it in the top 87.5%.
Is Step One Clothing's OCF Margin % too high?
Step One Clothing's current OCF Margin % is -12.68%. Based on the distribution chart, Step One Clothing ranks #984 out of 1124 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Step One Clothing has a GF Score™ of 39/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's OCF Margin % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Step One Clothing ranks #984 out of 1124 companies for OCF Margin %. This places Step One Clothing in the lower half of its industry. The industry median OCF Margin % is 5.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Retail - Cyclical company?
The median OCF Margin % among Retail - Cyclical companies is 5.55, based on 1,124 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Step One Clothing and its competitors. For the Retail - Cyclical industry, the median OCF Margin % is 5.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step One Clothing's current OCF Margin % is -12.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.64, compared to a current price of A$0.14 — trading 78.9% below its estimated fair value. The current OCF Margin % is -12.68%. Step One Clothing's overall GF Score™ is 39/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Step One Clothing (ASX:STP), the current OCF Margin % is -12.68% 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 Step One Clothing (ASX:STP) Overvalued in 2026?

Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued. The current stock price of A$0.14 is trading 78.9% below its estimated GF Value™ of A$0.64. GuruFocus considers Step One Clothing to be Significantly Undervalued.

Key valuation signals for ASX:STP:

  • OCF Margin %: -12.68%
  • GF Value™: A$0.64 vs. price of A$0.14 (78.9% below fair value)
  • GF Score™: 39/100 with 3 warning signs

No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Step One Clothing Business Description

Other Exchanges J6H:Germany
Address 120 Chalmers Street, Surry Hills, Level 2, Sydney, NSW, AUS, 2010
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
39GF Score

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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.14
Price
A$0.64
GF Value