Steadfast Group Ltd

SDF: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$6.30	Kqfztpx	Gpnytmckb

Corporate Action: Steadfast Puts a Strong Shareprice to Work; Recommend Passing on This SPP

Nathan Zaia

Aug 16, 2021

Fiscal 2021 was a strong result for Steadfast, with NPAT and EBITA growth of 20% and 18%, respectively. The result largely as we expected. Insurers putting up rates to improve their own margins provides a nice tailwind for the resilient insurance broking industry.

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