Steppe Gold Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 5, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	440	154	-	-	-
Enterprise Value	505	346	-	-	-
Last Close Price	1.74	0.61	-	-	-
PE Ratio	7.81	1.75	-	-	-
Forward PE	5.72	3.85	-	-	-
PS Ratio	2.18	0.60	-	-	-
PB Ratio	2.57	0.97	-	-	-
P/TBV Ratio	2.57	0.97	-	-	-
P/FCF Ratio	8.69	1.58	-	-	-
P/OCF Ratio	6.64	1.31	-	-	-
EV/Sales Ratio	2.50	1.35	-	-	-
EV/EBITDA Ratio	5.07	2.31	-	-	-
EV/EBIT Ratio	6.61	2.82	-	-	-
EV/FCF Ratio	9.98	3.56	-	-	-
Debt / Equity Ratio	1.24	1.70	0.83	1.42	2.70
Debt / EBITDA Ratio	2.13	1.79	0.99	2.14	2.08
Debt / FCF Ratio	4.19	2.77	1.38	3.33	4.87
Asset Turnover	-	0.59	0.55	0.49	-
Inventory Turnover	-	1.96	3.28	3.94	-
Quick Ratio	2.27	2.32	0.13	0.08	0.06
Current Ratio	3.87	3.33	0.32	0.59	0.36
Return on Equity (ROE)	-	57.51%	60.62%	55.34%	-
Return on Assets (ROA)	-	17.80%	17.93%	11.95%	-
Return on Capital (ROIC)	-	21.96%	21.96%	13.79%	-
Return on Capital Employed (ROCE)	20.10%	29.70%	56.60%	21.70%	33.50%
Earnings Yield	12.56%	57.24%	-	-	-
FCF Yield	11.51%	63.13%	-	-	-
Payout Ratio	95.62%	98.61%	-	-	-
Buyback Yield / Dilution	-72.32%	-32.87%	-4693.22%	-	-
Total Shareholder Return	-	-32.87%	-4693.22%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.