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

$5.65

05 Dec
2023

-0.020

OPEN

$5.65

-0.35%

HIGH

$5.68

2,196,500

LOW

$5.63

TARGET
$6.325 11.9% 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 25.6 xxx
DPS (cps) xxx 15.0 16.5 xxx
EPS Growth xxx 3.2% 38.5% xxx
DPS Growth xxx 15.4% 10.0% xxx
PE Ratio xxx N/A 22.4 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 81.3% 64.5% xxx

Dividend yield today if purchased 3 years ago: 3.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.61

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 © 2023 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

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

17/11/2023

3

Equal-weight

$6.30

11.50%

Steadfast Group expects EPS accretion, and upgrades FY24 guidance, after announcing the acquisition of 70% of Queensland-based underwriting agency Sure Insurance for -$149m.

The broker's underlying FY24 diluted EPS growth was upgraded by only 1 percentage point to 11-16%, given dilution from a $280m institutional placement.

The transaction highlights to Morgan Stanley structural growth on offer in underwriting agencies, given domestic insurers don't have the appetite or technology to write a broad range of risks profitably.

Equal-Weight rating. Target price $6.30. Industry view: In-Line. 

FORECAST
Morgan Stanley forecasts a full year FY24 EPS of 21.40 cents.
Morgan Stanley forecasts a full year FY25 EPS of 24.10 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SDF STOCK CHART

FNArena News on SDF

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

9:59 AM - Rudi's View
2
Rudi’s View: All-Weather Portfolio In 2023

Nov 29 2023 - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 24-11-23

Nov 27 2023 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Nov 24, 2023

Nov 24 2023 - Daily Market Reports
5
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus

Latest Insurance News

1
SMSFundamentals: Older People Are Life Insurers’ Future Challenge

Oct 26 2023 - SMSFundamentals
2
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Oct 19 2023 - Feature Stories
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Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
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Aug 02 2023 - Australia
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May 15 2023 - Australia
6
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Feb 01 2023 - Australia
7
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
8
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Feb 04 2022 - Australia
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Nov 03 2021 - Australia
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Aug 10 2021 - Australia