Narrow-moat Steadfast’s investor day provided an opportunity to hear from segment leaders on the current state of the market and outlook. We have three key takeaways. First, the Australian business is performing well, and the outlook is positive. Second, the US is a long-term growth opportunity. Third, the firm has extensive managerial experience across the group.
Steadfast's scale and expertise in insurance products and services leave it well placed to benefit from higher insurance pricing.
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.
|
Metric
|
SDF
|
AUB
|
PSI
|
|---|---|---|---|
Price/Earnings (Normalized) | 30.56 | 30.83 | 29.92 |
Price/Book Value | 3.05 | 2.74 | 4.71 |
Price/Sales | 6.04 | 3.73 | 7.15 |
Price/Cash Flow | 24.26 | 27.44 | 28.57 |
|
Metric
|
SDF
|
AUB
|
PSI
|
|---|---|---|---|
Quick Ratio | 1.48 | 1.12 | 1.02 |
Current Ratio | 1.50 | 1.14 | 1.21 |
Interest Coverage | 5.85 | 2.73 | 7.89 |
|
Metric
|
SDF
|
AUB
|
PSI
|
|---|---|---|---|
Return on Assets (Normalized) | 4.40% | 4.12% | 7.61% |
Return on Equity (Normalized) | 10.53% | 12.91% | 18.04% |
Return on Invested Capital (Normalized) | 4.35% | 9.59% | 12.05% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Marsh & McLennan Companies Inc
MMC
| Pjmgbkws | Szlylc | $107.2 Bil | |||
| Aon PLC Class A
AON
| Pfmgsgyv | Wkplns | $70.2 Bil | |||
| Arthur J. Gallagher & Co
AJG
| — | Ycps | $62.1 Bil | |||
| Willis Towers Watson PLC
WTW
| Hnbszbydw | Qplljh | $28.8 Bil | |||
| Brown & Brown Inc
BRO
| — | Tpgz | $28.3 Bil | |||
| Erie Indemnity Co Class A
ERIE
| — | Rcm | $22.0 Bil | |||
| CorVel Corp
CRVL
| — | Yjzs | $5.3 Bil | |||
| Steadfast Group Ltd
SFGLF
| — | Whbqypv | $4.6 Bil | |||
| The Baldwin Insurance Group Inc Class A
BWIN
| — | Hyzxkj | $2.9 Bil | |||
| SelectQuote Inc Ordinary Shares
SLQT
| — | Kpq | $705.4 Mil |
