STEADFAST GROUP LIMITED (SDF)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$5.46

25 Oct
2024

0.030

OPEN

$5.41

0.55%

HIGH

$5.48

1,890,897

LOW

$5.41

TARGET
$6.823 25.0% 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 28.9 xxx
DPS (cps) xxx 17.1 20.0 xxx
EPS Growth xxx 14.8% 36.3% xxx
DPS Growth xxx 14.0% 17.0% xxx
PE Ratio xxx N/A 18.9 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 80.7% 69.2% xxx

Dividend yield today if purchased 3 years ago: 3.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.13

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 © 2024 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

0.8

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

11/09/2024

3

Equal-weight

$6.64

21.61%

While Morgan Stanley acknowledges the risk of increased regulation and managing community expectations, recent media articles by the ABC are not new.

The articles have raised concerns around transparency, commissions and competition in the strata industry for which management commissioned an independent review in 2021, note the analysts.

The broker estimates the group's strata exposure in Agencies is just over 10% of group EBITA, with 100%-owned CHU Underwriting Agencies one of the largest strata insurance specialists in Australia.

Equal-weight rating. Target price $6.64. Industry view: In-Line. 

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 24.20 cents.
Morgan Stanley forecasts a full year FY26 EPS of 26.80 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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

Jarden

04/09/2024

3

Neutral

$6.55

19.96%

FY24 underlying net profit from Steadfast Group was largely in line with Jarden's estimates. Despite the waning commercial rate cycle, the broker believes the stock is positioned to grow earnings given the options regarding both organic and acquisition opportunities.

The company remains confident of growing FY25 EBITDA margins by 40-50 basis points. While there should be adequate funding, Jarden is cautious in view of a decline in interest rates that could lift transaction multiples of potential targets. Neutral retained. Target is raised to $6.55 from $6.15.

FORECAST
Jarden forecasts a full year FY25 dividend of 21.60 cents and EPS of 31.40 cents.
Jarden forecasts a full year FY26 dividend of 22.90 cents and EPS of 33.20 cents.
Access Extra Coverage Research History >

SDF STOCK CHART

FNArena News on SDF

1
Rudi’s View: Earnings, Best Ideas & Favourite Stock Picks

Oct 24 2024 - Rudi's View
2
Rudi’s View: AI, Lithium, Uranium & Steadfast

Oct 17 2024 - Rudi's View
3
Rudi’s View: China Scepsis, Energy Preferences & The US Election

Oct 10 2024 - Rudi's View
4
Rudi’s View: AGL, GPT, James Hardie, Qantas, Pilbara & Xero

Oct 03 2024 - Rudi's View
5
In Brief: Banks vs Miners, MinRes, Paladin & Steadfast

Sep 13 2024 - Weekly Reports

Latest Insurance News

1
Steadfast’s Long March

Jul 02 2024 - Australia
2
AUB Group Shares Poised For Break-Out

Jun 13 2024 - Technicals
3
SMSFundamentals: Older People Are Life Insurers’ Future Challenge

Oct 26 2023 - SMSFundamentals
4
Australian Insurers And The Weather

Oct 19 2023 - Feature Stories
5
Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
6
Pros And Cons Of Insurance Companies

Aug 02 2023 - Australia
7
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
8
Rates Over Reinsurance For General Insurers 

Feb 01 2023 - Australia
9
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
10
In Brief: Risks From Russia, House Prices And Insurance Brokers

Feb 04 2022 - Australia