Executive Summary
Steadfast Group Limited provides general insurance brokerage services Australasia, Asia, and Europe. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with questionable track record.
Share Price & News
How has Steadfast Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SDF is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SDF's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-2.0%
SDF
-1.3%
AU Insurance
-1.7%
AU Market
1 Year Return
11.7%
SDF
-15.0%
AU Insurance
10.5%
AU Market
Return vs Industry: SDF exceeded the Australian Insurance industry which returned -15% over the past year.
Return vs Market: SDF exceeded the Australian Market which returned 10.5% over the past year.
Shareholder returns
| SDF | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.0% | -1.3% | -1.7% |
| 30 Day | -3.2% | 2.7% | -0.3% |
| 90 Day | 0.8% | -1.6% | 2.7% |
| 1 Year | 14.9%11.7% | -13.2%-15.0% | 14.1%10.5% |
| 3 Year | 54.8%43.2% | -8.9%-20.1% | 29.7%14.0% |
| 5 Year | 164.8%132.0% | 19.7%-3.5% | 62.5%31.3% |
Long-Term Price Volatility Vs. Market
How volatile is Steadfast Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Don't Race Out To Buy Steadfast Group Limited (ASX:SDF) Just Because It's Going Ex-Dividend1 week ago | Simply Wall St
Shareholders Of Steadfast Group (ASX:SDF) Must Be Happy With Their 173% Total Return1 month ago | Simply Wall St
How Much Is Steadfast Group's (ASX:SDF) CEO Getting Paid?Valuation
Is Steadfast Group undervalued compared to its fair value and its price relative to the market?
37.9x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SDF (A$3.91) is trading above our estimate of fair value (A$3.18)
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 (37.9x) compared to the AU Insurance industry average (25.5x).
PE vs Market: SDF is poor value based on its PE Ratio (37.9x) compared to the Australian market (19.6x).
Price to Earnings Growth Ratio
PEG Ratio: SDF is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: SDF's PB Ratio (3x) is in line with the AU Insurance industry average.
Next Steps
Future Growth
How is Steadfast Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SDF's forecast earnings growth (9.1% per year) is above the savings rate (2%).
Earnings vs Market: SDF's earnings (9.1% per year) are forecast to grow slower than the Australian market (15.4% per year).
High Growth Earnings: SDF's earnings are forecast to grow, but not significantly.
Revenue vs Market: SDF's revenue (4.8% per year) is forecast to grow slower than the Australian market (5.6% per year).
High Growth Revenue: SDF's revenue (4.8% 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 (12.4%).
Next Steps
Past Performance
How has Steadfast Group performed over the past 5 years?
-18.5%
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 18.5% 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 (-19.2%).
Return on Equity
High ROE: SDF's Return on Equity (9.2%) is considered low.
Next Steps
Financial Health
How is Steadfast Group's financial position?
Financial Position Analysis
Short Term Liabilities: SDF's short term assets (A$1.5B) exceed its short term liabilities (A$858.6M).
Long Term Liabilities: SDF's short term assets (A$1.5B) exceed its long term liabilities (A$979.8M).
Debt to Equity History and Analysis
Debt Level: SDF's debt to equity ratio (72.6%) is considered high.
Reducing Debt: SDF's debt to equity ratio has increased from 22.6% to 72.6% over the past 5 years.
Debt Coverage: SDF's debt is well covered by operating cash flow (30.5%).
Interest Coverage: SDF's interest payments on its debt are well covered by EBIT (16.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Steadfast Group current dividend yield, its reliability and sustainability?
2.46%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SDF's dividend (2.46%) is higher than the bottom 25% of dividend payers in the Australian market (2.11%).
High Dividend: SDF's dividend (2.46%) is low compared to the top 25% of dividend payers in the Australian market (5.5%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.8%), SDF's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SDF's dividends in 3 years are forecast to be covered by earnings (65.7% 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 (72 yo)
24.92yrs
Tenure
AU$3,966,168
Compensation
Mr. Robert Bernard Kelly co-founded Steadfast Group Limited and has been its Chief Executive Officer and Managing Director since April 18, 1996. Mr. Kelly has experience in the insurance industry. He serve...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD3.09M) is above average for companies of similar size in the Australian market ($USD1.82M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 24.92yrs | AU$3.97m | 0.40% A$ 13.6m | |
| Chief Financial Officer | 8.17yrs | AU$1.91m | 0.088% A$ 3.0m | |
| Chief Operating Officer | 4.5yrs | AU$1.44m | 0.028% A$ 963.2k | |
| Group Company Secretary & Corporate Counsel | 7.75yrs | AU$809.15k | 0.0078% A$ 264.4k | |
| Chief Executive Officer of Steadfast Underwriting Agencies | 6.17yrs | AU$1.43m | 0.13% A$ 4.5m | |
| Executive General Manager of Asia | 18.25yrs | AU$1.19m | 0.13% A$ 4.3m | |
| Investor Relations Manager | no data | no data | no data | |
| General Counsel | 5.67yrs | no data | no data | |
| Executive General Manager of Corporate Development | no data | no data | no data | |
| Executive GM of Business Solutions & Company Secretary | 7.83yrs | no data | no data |
7.8yrs
Average Tenure
57yo
Average Age
Experienced Management: SDF's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 24.92yrs | AU$3.97m | 0.40% A$ 13.6m | |
| Non-Executive Independent Chairman | 8.42yrs | AU$275.00k | 0.12% A$ 3.9m | |
| Non-Executive Deputy Chairman | 1.17yrs | AU$170.00k | 0.018% A$ 605.3k | |
| Non-Executive Independent Director | 7.67yrs | AU$172.50k | 0.019% A$ 660.5k | |
| Non-Executive Independent Director | 2.75yrs | AU$150.00k | 0.0057% A$ 192.8k | |
| Non-Executive Independent Director | 8.08yrs | AU$150.00k | 0.012% A$ 409.4k | |
| Non-Executive Independent Director | 22.58yrs | AU$150.00k | 0.12% A$ 4.1m |
8.1yrs
Average Tenure
71yo
Average Age
Experienced Board: SDF's board of directors are considered experienced (8.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Steadfast Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Steadfast Group Limited
- Ticker: SDF
- Exchange: ASX
- Founded: 1996
- Industry: Insurance Brokers
- Sector: Insurance
- Market Cap: AU$3.389b
- Shares outstanding: 864.58m
- Website: https://www.steadfast.com.au
Location
- Steadfast Group Limited
- 99 Bathurst Street
- Level 4
- Sydney
- New South Wales
- 2000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SDF | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Aug 2013 |
| 1S6 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Aug 2013 |
| SDF | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Aug 2013 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 07:04 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.