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SDF

Steadfast GroupASX:SDF Stock Report

Last Price

AU$5.17

Market Cap

AU$5.0b

7D

-1.5%

1Y

28.3%

Updated

17 Jan, 2022

Data

Company Financials +
SDF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends3/6

SDF Stock Overview

Steadfast Group Limited provides general insurance brokerage services Australasia, Asia, and Europe.

Price History & Performance

Summary of all time highs, changes and price drops for Steadfast Group
Historical stock prices
Current Share PriceAU$5.17
52 Week HighAU$5.44
52 Week LowAU$3.75
Beta0.86
1 Month Change2.17%
3 Month Change7.93%
1 Year Change28.29%
3 Year Change93.63%
5 Year Change121.89%
Change since IPO264.09%

Recent News & Updates

Aug 22
Analysts' Revenue Estimates For Steadfast Group Limited (ASX:SDF) Are Surging Higher

Analysts' Revenue Estimates For Steadfast Group Limited (ASX:SDF) Are Surging Higher

Shareholders in Steadfast Group Limited ( ASX:SDF ) may be thrilled to learn that the analysts have just delivered a...

Shareholder Returns

SDFAU InsuranceAU Market
7D-1.5%-1.6%-0.5%
1Y28.3%17.6%10.4%

Return vs Industry: SDF exceeded the Australian Insurance industry which returned 17.6% over the past year.

Return vs Market: SDF exceeded the Australian Market which returned 10.4% over the past year.

Price Volatility

Is SDF's price volatile compared to industry and market?
SDF volatility
SDF Average Weekly Movement3.3%
Insurance Industry Average Movement3.3%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: SDF is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SDF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aRobert Kellyhttps://www.steadfast.com.au

Steadfast Group Limited provides general insurance brokerage services Australasia, Asia, and Europe. It also provides insurance underwriting services and related services. The company operates a network of 457 general insurance brokers and 24 underwriting agencies.

Steadfast Group Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
SDF income statement (TTM)
RevenueAU$944.40m
Cost of RevenueAU$502.80m
Gross ProfitAU$441.60m
ExpensesAU$298.60m
EarningsAU$143.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 23, 2022

Earnings per share (EPS)0.15
Gross Margin46.76%
Net Profit Margin15.14%
Debt/Equity Ratio59.3%

How did SDF perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

69%

Payout Ratio

Valuation

Is Steadfast Group undervalued compared to its fair value and its price relative to the market?

35.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SDF (A$5.17) is trading above our estimate of fair value (A$4.4)

Significantly Below Fair Value: SDF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SDF is poor value based on its PE Ratio (35.2x) compared to the Australian Insurance industry average (30.7x).

PE vs Market: SDF is poor value based on its PE Ratio (35.2x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: SDF is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: SDF is overvalued based on its PB Ratio (4.3x) compared to the AU Insurance industry average (4.1x).


Future Growth

How is Steadfast Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SDF's forecast earnings growth (10.2% per year) is above the savings rate (1.9%).

Earnings vs Market: SDF's earnings (10.2% per year) are forecast to grow slower than the Australian market (11.3% per year).

High Growth Earnings: SDF's earnings are forecast to grow, but not significantly.

Revenue vs Market: SDF's revenue (6.5% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: SDF's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SDF's Return on Equity is forecast to be low in 3 years time (10.1%).


Past Performance

How has Steadfast Group performed over the past 5 years?

-4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SDF has high quality earnings.

Growing Profit Margin: SDF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SDF's earnings have declined by 4.6% per year over the past 5 years.

Accelerating Growth: SDF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SDF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (57.5%).


Return on Equity

High ROE: SDF's Return on Equity (13.1%) is considered low.


Financial Health

How is Steadfast Group's financial position?


Financial Position Analysis

Short Term Liabilities: SDF's short term assets (A$1.4B) exceed its short term liabilities (A$874.8M).

Long Term Liabilities: SDF's short term assets (A$1.4B) exceed its long term liabilities (A$840.7M).


Debt to Equity History and Analysis

Debt Level: SDF's net debt to equity ratio (41.1%) is considered high.

Reducing Debt: SDF's debt to equity ratio has increased from 22.5% to 59.3% over the past 5 years.

Debt Coverage: SDF's debt is well covered by operating cash flow (33.2%).

Interest Coverage: SDF's interest payments on its debt are well covered by EBIT (17.6x coverage).


Balance Sheet


Dividend

What is Steadfast Group current dividend yield, its reliability and sustainability?

2.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SDF's dividend (2.21%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: SDF's dividend (2.21%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

Stable Dividend: SDF has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SDF's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68.9%), SDF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SDF's dividends in 3 years are forecast to be covered by earnings (66% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.8yrs

Average management tenure


CEO

Robert Kelly (73 yo)

25.75yrs

Tenure

AU$4,437,736

Compensation

Mr. Robert Bernard Kelly co-founded Steadfast Group Limited and has been its Chief Executive Officer and Managing Director since April 18, 1996. Mr. Kelly has experience in the insurance industry. He serve...


CEO Compensation Analysis

Compensation vs Market: Robert's total compensation ($USD3.21M) is above average for companies of similar size in the Australian market ($USD1.72M).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SDF's management team is seasoned and experienced (7.8 years average tenure).


Board Members

Experienced Board: SDF's board of directors are considered experienced (9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SDF insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.6%.


Top Shareholders

Company Information

Steadfast Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Steadfast Group Limited
  • Ticker: SDF
  • Exchange: ASX
  • Founded: 1996
  • Industry: Insurance Brokers
  • Sector: Insurance
  • Implied Market Cap: AU$5.034b
  • Shares outstanding: 973.69m
  • Website: https://www.steadfast.com.au

Location

  • Steadfast Group Limited
  • 99 Bathurst Street
  • Level 4
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:34
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.