StepStone Group Inc. (STEP) exhibits 45.0% gross margins and -35.0% return on invested capital within Financials (Investment Managers), balanced against a 24.0x enterprise multiple and 4.8% implied options volatility.
Sustained 45.0% gross profitability converts into -45.5% operating margin and -35.0% ROIC, outpacing sector cost of capital.
ROIC: -35.0% // GM: 45.0%YoY revenue trajectory of +69.7% paired with 1.19% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +69.7% // FCF YLD: 1.19%Altman Z-Score of 3.80 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 3.80 // F-SCORE: 7/9Trading at 24.0x trailing P/E (18.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: —Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $43.22 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Investment Managers require continuous execution to defend -37.3% net margins.
NET MARGIN: -37.3% // D/E: 0.45x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
|---|---|---|
| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for STEP & activate live FRED threshold breach alerts.