Steppe Cement (STU:ST9) ROCE %: 17.84% (As of Dec. 2025)

What is Steppe Cement ROCE %?

Steppe Cement STU:ST9 +5.05% 53 ROCE % is 17.84% as of Dec. 2025. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Steppe Cement's annualized ROCE % for the quarter that ended in Dec. 2025 was 17.84%.

Steppe Cement (STU:ST9) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Steppe Cement ROCE % Related Terms

Steppe Cement ROCE % Historical Data

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The historical data trend for Steppe Cement's ROCE % 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.

Steppe Cement ROCE % Chart

Steppe Cement Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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32.33

30.90

8.04

1.84

8.42

Steppe Cement Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
ROCE %	Get a 7-Day Free Trial															14.80	-10.87	16.17	-0.20	17.84

53GF Score

Steppe Cement Ltd STU:ST9

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Steppe Cement ROCE % Calculation

Steppe Cement's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	4.884	/	( ( (75.612 - 14.904)	+	(69.792 - 14.515) )	/ 2 )
	=	4.884	/	( (60.708	+	55.277)	/ 2 )
	=	4.884	/	57.9925
	=	8.42 %

Steppe Cement's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2025 )		(Q: Jun. 2025 )		(Q: Dec. 2025 )
	=	9.884	/	( ( (69.906 - 14.355)	+	(69.792 - 14.515) )	/ 2 )
	=	9.884	/	( ( 55.551	+	55.277 )	/ 2 )
	=	9.884	/	55.414
	=	17.84 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 17.84% mean?

Steppe Cement (STU:ST9) has a ROCE % of 17.84% as of Dec. 2025.

Is Steppe Cement's ROCE % too high?

Steppe Cement's current ROCE % is 17.84%. The Building Materials industry median ROCE % is 6.00. Steppe Cement's value of 17.84% is 197.3% above this industry median. 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 ROCE % compare to CRH and VMC?

Steppe Cement's ROCE % of 17.84% can be compared against companies in the Building Materials industry. The industry median ROCE % is 6.00. Steppe Cement's value of 17.84% is 197.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Building Materials company?

The median ROCE % among Building Materials companies is 6.00, based on 406 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Steppe Cement's current ROCE % of 17.84% is 197.3% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Building Materials industry, the median ROCE % is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current ROCE % is 17.84%. 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 ROCE % is 17.84% and 197.3% above the Building Materials industry median of 6.00. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Steppe Cement (STU:ST9), the current ROCE % is 17.84% 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:

ROCE %: 17.84%
GF Value™: €0.20 vs. price of €0.21 (4% above fair value)
GF Score™: 53/100 with 6 warning signs
Industry Position: 197.3% above the Building Materials median

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 Business Description

Industry Basic Materials Building Materials

Comparable Companies LSE:MBH LSE:ECOB CRH XSWX:HOLN XTER:HEI VMC BOM:532538 MLM XSWX:AMRZ SHSE:600176 NSE:GRASIM MEX:CEMEXCPO SHSE:600585 NSA:DCP JHX BOM:500425 NSA:BUACEMENT MIL:BZU BOM:500387 EXP

Other Exchanges STCM:UK

Address No. 8, Jalan Perak, West Wing, Suite 10.1, 10th Floor, Rohas Perkasa, Kuala Lumpur, MYS, 50450

Website https://www.steppecement.com

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

€0.21

Price

€0.20

GF Value

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