STEADFAST GROUP LIMITED (SDF)
Share Price Analysis and Chart

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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

$5.91

23 Feb
2024

-0.040

OPEN

$6.05

-0.67%

HIGH

$6.07

1,954,208

LOW

$5.88

TARGET
$6.30 6.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . PSI . QBE . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
SDF: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 18.5 25.7 xxx
DPS (cps) xxx 15.0 16.5 xxx
EPS Growth xxx 3.2% 39.4% xxx
DPS Growth xxx 15.4% 10.2% xxx
PE Ratio xxx N/A 23.0 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 81.3% 64.3% xxx

Dividend yield today if purchased 3 years ago: 3.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.54

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: 21/08 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx18.5
DPS All xxxxxxxxxxxxxxx15.0
Sales/Revenue xxxxxxxxxxxxxxx1,388.5 M
Book Value Per Share xxxxxxxxxxxxxxx197.2
Net Operating Cash Flow xxxxxxxxxxxxxxx425.2 M
Net Profit Margin xxxxxxxxxxxxxxx13.63 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx10.16 %
Return on Invested Capital xxxxxxxxxxxxxxx6.79 %
Return on Assets xxxxxxxxxxxxxxx4.27 %
Return on Equity xxxxxxxxxxxxxxx10.16 %
Return on Total Capital xxxxxxxxxxxxxxx9.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx282.6 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx70 M
Long Term Debt xxxxxxxxxxxxxxx968 M
Total Debt xxxxxxxxxxxxxxx1,037 M
Goodwill - Gross xxxxxxxxxxxxxxx2,053 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,139 M
Price To Book Value xxxxxxxxxxxxxxx3.04

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx16.2 M
Capex % of Sales xxxxxxxxxxxxxxx1.17 %
Cost of Goods Sold xxxxxxxxxxxxxxx562 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx547 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx42 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

0.6

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

20/11/2023

2

Accumulate

$6.30

6.60%

Steadfast Group will outlay $280m ($149m up front) to acquire fast-growing Queensland underwriting agency Sure, which Ord Minnett notes is successfully and profitably taking market share with policies better suited to high-risk markets.

The broker points out the relatively small up front payment helps de-risk the purchase and also reduces debt and finance costs before earn out payments (over two years) are incurred.

Management upgraded FY24 underlying profit guidance to $300m from $290m, with about 8% attributable to Sure, points out the analyst.

The Hold rating is retained and the target price rises to $6.30 from $6.00 after the broker incorporates the acquisition and $310m equity raise, comprising a $280 placement and $30m share purchase plan at $5.14/share. The analyst recommends investors participate in the latter.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 16.00 cents and EPS of 28.00 cents.
Ord Minnett forecasts a full year FY25 dividend of 18.00 cents and EPS of 30.50 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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SDF STOCK CHART