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Step One Clothing Valuation Multiples
Discover revenue and EBITDA valuation multiples for Step One Clothing and similar public comparables like Luen Thai Holdings, Lulus, Aeffe, Brilliant Earth Group and more.
Step One Clothing Overview
About Step One Clothing
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.
Founded
2017
HQ
Employees
33
Website
Sectors
Financials (LTM)
EV
$15M
Step One Clothing Financials
Step One Clothing reported last 12-month revenue of $49M and EBITDA of $3M.
In the same LTM period, Step One Clothing generated $36M in gross profit, $3M in EBITDA, and $2M in net income.
Revenue (LTM)
Step One Clothing P&L
In the most recent fiscal year, Step One Clothing reported revenue of $62M and EBITDA of $13M.
Step One Clothing expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $49M | XXX | $62M | XXX | XXX | XXX |
| Gross Profit | $36M | XXX | $48M | XXX | XXX | XXX |
| Gross Margin | 73% | XXX | 76% | XXX | XXX | XXX |
| EBITDA | $3M | XXX | $13M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $2M | XXX | $9M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 15% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Step One Clothing Stock Performance
Step One Clothing has current market cap of $27M, and enterprise value of $15M.
Market Cap Evolution
Step One Clothing's stock price is $0.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15M | $27M | 0.0% | XXX | XXX | XXX | $0.05 |
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Start Free TrialStep One Clothing Valuation Multiples
Step One Clothing trades at 0.3x EV/Revenue multiple, and 5.7x EV/EBITDA.
EV / Revenue (LTM)
Step One Clothing Financial Valuation Multiples
As of April 20, 2026, Step One Clothing has market cap of $27M and EV of $15M.
Equity research analysts estimate Step One Clothing's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Step One Clothing has a P/E ratio of 13.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $27M | XXX | $27M | XXX | XXX | XXX |
| EV (current) | $15M | XXX | $15M | XXX | XXX | XXX |
| EV/Revenue | 0.3x | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | 5.7x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBIT | 6.0x | XXX | 1.3x | XXX | XXX | XXX |
| EV/Gross Profit | 0.4x | XXX | 0.3x | XXX | XXX | XXX |
| P/E | 13.5x | XXX | 2.9x | XXX | XXX | XXX |
| EV/FCF | 8.3x | XXX | 2.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Step One Clothing Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Step One Clothing Margins & Growth Rates
Step One Clothing's revenue in the last 12 month declined by (1%).
Step One Clothing's revenue per employee in the last FY averaged $1.9M, while opex per employee averaged $1.1M for the same period.
Step One Clothing's rule of 40 is (10%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Step One Clothing's rule of X is (29%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Step One Clothing Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (1%) | XXX | (24%) | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | (56%) | XXX | (96%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (10%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (29%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $1.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 32% | XXX | 42% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 58% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Step One Clothing Public Comps
See public comps and valuation multiples for other Clothing & Accessories comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Step One Clothing | XXX | XXX | XXX | XXX | XXX | XXX |
| Luen Thai Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Lulus | XXX | XXX | XXX | XXX | XXX | XXX |
| Aeffe | XXX | XXX | XXX | XXX | XXX | XXX |
| Brilliant Earth Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Damartex | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Step One Clothing M&A Activity
Step One Clothing acquired XXX companies to date.
Last acquisition by Step One Clothing was on XXXXXXXX, XXXXX. Step One Clothing acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Step One Clothing
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialStep One Clothing Investment Activity
Step One Clothing invested in XXX companies to date.
Step One Clothing made its latest investment on XXXXXXXX, XXXXX. Step One Clothing invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Step One Clothing
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Step One Clothing
| When was Step One Clothing founded? | Step One Clothing was founded in 2017. |
| Where is Step One Clothing headquartered? | Step One Clothing is headquartered in Australia. |
| How many employees does Step One Clothing have? | As of today, Step One Clothing has over 33 employees. |
| Is Step One Clothing publicly listed? | Yes, Step One Clothing is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Step One Clothing? | Step One Clothing trades under STP ticker. |
| When did Step One Clothing go public? | Step One Clothing went public in 2021. |
| Who are competitors of Step One Clothing? | Step One Clothing main competitors are Luen Thai Holdings, Lulus, Aeffe, Brilliant Earth Group. |
| What is the current market cap of Step One Clothing? | Step One Clothing's current market cap is $27M. |
| What is the current revenue of Step One Clothing? | Step One Clothing's last 12 months revenue is $49M. |
| What is the current revenue growth of Step One Clothing? | Step One Clothing revenue growth (NTM/LTM) is (1%). |
| What is the current EV/Revenue multiple of Step One Clothing? | Current revenue multiple of Step One Clothing is 0.3x. |
| Is Step One Clothing profitable? | Yes, Step One Clothing is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Step One Clothing? | Step One Clothing's last 12 months EBITDA is $3M. |
| What is Step One Clothing's EBITDA margin? | Step One Clothing's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Step One Clothing? | Current EBITDA multiple of Step One Clothing is 5.7x. |
| What is the current FCF of Step One Clothing? | Step One Clothing's last 12 months FCF is $2M. |
| What is Step One Clothing's FCF margin? | Step One Clothing's last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of Step One Clothing? | Current FCF multiple of Step One Clothing is 8.3x. |
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