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Steadfast Group Ltd SDF

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Stock XASX Rating as of
A$5.76 0.00 (0.00%)
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As of Delayed Price Closed

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Steadfast's Growth Not Solely Reliant on Premium Rate Increases

Nathan Zaia

Steadfast Group operates the largest general insurance broker network in Australia and New Zealand. Taking equity interests in the insurance broker business, Steadfast has been consolidating the market since it was founded in 1996. It has deployed a similar strategy in underwriting agencies. It derives revenue by being paid a commission (from insurers) based on gross written premiums written by agencies within its network, earning a share of profits from associates and joint ventures, and receiving professional services fees.

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Price vs Fair Value

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SDF is trading at a LOCK|sjC premium.
Price
A$5.76
Fair Value
^
Uncertainty
LOCK|W&t
1-Star Price
B.W
5-Star Price
$.B
Economic Moat
LOCK|wbC$y
Capital Allocation
LOCK|mbwWHM<<

Bulls Say, Bears Say

Bulls

Steadfast's scale and expertise in insurance products and services leave it well placed to benefit from the essential nature of insurance.

Bears

The growth prospects for insurance volumes and prices are closely tied to the ebb and flow of the insurance cycle and general economic conditions. Downside risk could increase if Australia's growth outlook weakens.

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Trading Information

Previous Close Price
A$5.76
Day Range
A$5.76–5.78
52-Week Range
A$3.87–6.67
Bid/Ask
A$6.35 / A$5.41
Shares Outstanding
1.11B
Market Cap
A$6.41B
Volume/Avg
7M / 8M

Key Statistics

Price/Earnings (Normalized)
19.06
Price/Sales
4.10
Dividend Yield (Trailing)
3.64%
Dividend Yield (Forward)
3.64%
Dividend Payment Schedule
Mar, Sep
Total Yield
3.69%

Company Profile

Steadfast Group is the largest general insurance broker network in Australia and New Zealand, with over 400 brokers and around 1,800 offices in Australia, New Zealand, Singapore, and London. Steadfast operates as both a broker and a consolidator via equity interests in insurance broker businesses, generating over AUD 13 billion of network broker gross written premium annually. Steadfast also co-owns and consolidates underwriting agencies and other complementary businesses.
Sector
Financial Services
Industry
Insurance Brokers
Stock Style Box
Mid Core
Total Number of Employees
—
Website
https://www.steadfast.com.au

Competitors

Valuation

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Metric
SDF
AUB
MRSH
Price/Earnings (Normalized)
 19.0616.6716.68
Price/Book Value
 2.711.865.36
Price/Sales
 4.103.022.98
Price/Cash Flow
 13.53—14.71
Price/Earnings
SDF
AUB
MRSH

Financial Strength

Metric
SDF
AUB
MRSH
Quick Ratio
 1.431.140.50
Current Ratio
 1.461.181.14
Interest Coverage
 4.342.526.52
Quick Ratio
SDF
AUB
MRSH

Profitability

Metric
SDF
AUB
MRSH
Return on Assets (Normalized)
 4.74%4.70%7.48%
Return on Equity (Normalized)
 13.53%13.17%29.04%
Return on Invested Capital (Normalized)
 5.73%8.14%13.69%
Return on Assets
SDF
AUB
MRSH

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