STEADFAST GROUP LIMITED (SDF)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

SDF

SDF - STEADFAST GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: 2.82
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Steadfast Group is an insurance broker and underwriting group operating in Australia, New Zealand, Europe and Asia. Founded in 1996 the company listed on the ASX in 2013.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.84

24 Mar
2025

-0.090

OPEN

$5.90

-1.52%

HIGH

$5.92

2,349,847

LOW

$5.77

TARGET
$6.74 15.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . QBE . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
SDF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 21.2 29.4 xxx
DPS (cps) xxx 17.1 20.0 xxx
EPS Growth xxx 14.8% 38.7% xxx
DPS Growth xxx 14.0% 17.0% xxx
PE Ratio xxx N/A 19.6 xxx
Dividend Yield xxx N/A 3.5% xxx
Div Pay Ratio(%) xxx 80.7% 68.0% xxx

Dividend yield today if purchased 3 years ago: 3.60%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.96

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 03/09 - ex-div 10.35c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx21.2
DPS All xxxxxxxxxxxxxxx17.1
Sales/Revenue xxxxxxxxxxxxxxx1,669.9 M
Book Value Per Share xxxxxxxxxxxxxxx211.2
Net Operating Cash Flow xxxxxxxxxxxxxxx299.4 M
Net Profit Margin xxxxxxxxxxxxxxx13.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx10.43 %
Return on Invested Capital xxxxxxxxxxxxxxx6.95 %
Return on Assets xxxxxxxxxxxxxxx4.28 %
Return on Equity xxxxxxxxxxxxxxx10.43 %
Return on Total Capital xxxxxxxxxxxxxxx10.15 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx120.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx71 M
Long Term Debt xxxxxxxxxxxxxxx1,225 M
Total Debt xxxxxxxxxxxxxxx1,297 M
Goodwill - Gross xxxxxxxxxxxxxxx2,426 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,326 M
Price To Book Value xxxxxxxxxxxxxxx2.93

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx11.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.68 %
Cost of Goods Sold xxxxxxxxxxxxxxx635 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx672 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx49 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

27/02/2025

1

Overweight

$6.71

14.90%

Morgan Stanley is confident in the multi-year growth opportunity at Steadfast Group, despite the first half's moderating premiums, and while the growth driver has been Australasia the "growth baton" is likely to increasingly pass to the US and global operations.

The company recently acquired HW Wood, expanding into Lloyd's broking and also into France and Greece.

Morgan Stanley believes this is the correct path strategically as more client product needs should be met in both Australia and the US.

Target is reduced to $6.71 from $6.98. Overweight rating. Industry view is In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 26.10 cents.
Morgan Stanley forecasts a full year FY26 EPS of 29.90 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Goldman Sachs

04/03/2025

3

Neutral

$6.50

11.30%

Goldman Sachs notes Steadfast Group's 1H25 results were in line at the net profit after tax level but slightly weaker at the earnings (EBITA) level. 

FY25 earnings (EBITA) guidance was downgraded due to acquisition step-ups, though other guidance metrics were retained.

Mid-single-digit rate increases are expected in 2H25, while cost control remains a focus. Broking organic growth slowed, though Agencies saw stronger performance, the analyst notes.

Maximum gearing increased to 35%, with M&A activity reaffirmed for FY25. The broker makes minor earnings changes and maintains a Buy rating with an unchanged $6.50 target price.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 20.00 cents and EPS of 31.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 22.00 cents and EPS of 34.00 cents.
Access Extra Coverage Research History >

SDF STOCK CHART

FNArena News on SDF

1
Rudi’s View: Post February Conviction Calls

Mar 13 2025 - Rudi's View
2
Rudi’s View: To Sell Or Not To Sell

Mar 06 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Mar 05, 2025

Mar 05 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Mar 04, 2025

Mar 04 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 26-02-2025

Feb 26 2025 - Australia

Latest Insurance News

1
Insurers To Pamper Shareholders With Buybacks

Jan 24 2025 - Australia
2
IAG Shares Breaking Out

Jan 21 2025 - Technicals
3
ESG Focus: The Little Big Things – 21-11-2024

Nov 21 2024 - ESG Focus
4
New-Look Suncorp Ready To Rumble

Nov 14 2024 - Australia
5
Steadfast’s Long March

Jul 02 2024 - Australia
6
AUB Group Shares Poised For Break-Out

Jun 13 2024 - Technicals
7
SMSFundamentals: Older People Are Life Insurers’ Future Challenge

Oct 26 2023 - SMSFundamentals
8
Australian Insurers And The Weather

Oct 19 2023 - Feature Stories
9
Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
10
Pros And Cons Of Insurance Companies

Aug 02 2023 - Australia