Steadfast Group Limited

ASX:SDF Stock Report

Market Cap: AU$5.8b

Steadfast Group Management

Management criteria checks 3/4

Steadfast Group's CEO is Robert Kelly, appointed in Apr 1996, has a tenure of 30.25 years. total yearly compensation is A$4.93M, comprised of 37.1% salary and 62.9% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth A$16.12M. The average tenure of the management team and the board of directors is 2.5 years and 5.3 years respectively.

Key information

Robert Kelly

Chief executive officer

AU$4.9m

Total compensation

CEO salary percentage37.11%
CEO tenure30.3yrs
CEO ownership0.3%
Management average tenure2.5yrs
Board average tenure5.3yrs

Recent management updates

Recent updates

Narrative Update • Jun 16

SDF: Takeover Bid And Capital Returns Will Support Future Share Upside

Analysts have trimmed their Steadfast Group valuation, with the implied fair value easing from A$5.97 to A$5.81 as small adjustments to revenue growth, profit margin and future P/E expectations feed into a slightly lower price target. What’s in the News for Steadfast Group Steadfast Group received a conditional, non-binding takeover proposal valued at about A$7.7b, or A$6 per share, from an Amwins Group and Dragoneer Investment Group consortium.
Narrative Update • Jun 01

SDF: Dividend And Buyback Program Will Support Future Share Upside

Analysts have raised their price target for Steadfast Group slightly to A$5.97 from A$5.94, reflecting updated views on fair value, the discount rate and a modestly higher future P/E multiple, even as some peers see fewer near term catalysts for share price movements. What's in the News Steadfast Group reported higher revenue and profit in its latest half year results, supported by organic expansion across its broker network, a multi year hard premium cycle and ongoing merger and acquisition activity.
Narrative Update • May 04

SDF: Dividend And New CFO Appointment Will Support Future Upside Potential

Analysts have kept their A$5.94 price target for Steadfast Group unchanged, reflecting stable assumptions on discount rate, revenue growth, profit margin and future P/E, while highlighting a lack of near term catalysts in line with recent broader sector views. Analyst Commentary Recent commentary around Steadfast Group points to a broadly neutral stance, with analysts highlighting limited near term catalysts for a re-rating.
Narrative Update • Apr 20

SDF: Dividend And New CFO Appointment Will Support Future Share Repricing

Analysts have made a small adjustment to Steadfast Group's valuation, trimming the fair value estimate from about A$5.94 to roughly A$5.94. This reflects slightly different assumptions around revenue growth, profit margins and future P/E, and also highlights a broader lack of clear share price catalysts seen in recent peer research.
Narrative Update • Apr 05

SDF: Dividend And New CFO Appointment Will Support Future Share Upside

Analysts have trimmed their price target for Steadfast Group slightly, with the updated fair value moving from A$5.96 to A$5.94. This reflects more cautious assumptions on profit margins and future P/E, even as long term revenue growth expectations remain steady.
Narrative Update • Mar 21

SDF: Dividend And New CFO Appointment Will Support Future Share Repricing

Analysts have kept their price target for Steadfast Group steady at A$5.96. They cite a lack of clear near term catalysts, while maintaining unchanged assumptions for discount rate, revenue growth, profit margin and future P/E.
Narrative Update • Mar 07

SDF: Dividend Strength And New CFO Appointment Will Support Future Upside Potential

Analysts have trimmed their Steadfast Group price target to A$5.96 from A$6.31 as they update their views on fair value, revenue growth, profit margins and future P/E assumptions. What's in the News Hannah Lee has been appointed Chief Financial Officer of Steadfast Group, effective 24 February 2026, after serving as Interim CFO since 31 August 2025 and previously as Group Financial Controller (Key Developments).
Narrative Update • Feb 20

SDF: Stronger Margins And Solid Outlook Will Support Future Upside Potential

Analysts have lifted their price target on Steadfast Group to A$6.31, supported by updated assumptions around slightly higher revenue growth, a modestly stronger profit margin and a slightly lower future P/E multiple. What's in the News Steadfast Group held an Analyst/Investor Day, providing the market with updated information directly from management on the business and on the outlook assumptions used by analysts (Key Developments).
Narrative Update • Feb 06

SDF: CEO Return And Steady Margins Will Underpin Future Upside Potential

Analysts have kept their Steadfast Group valuation broadly steady. The latest price target is rounded to about A$6.31, reflecting only minor tweaks to discount rate, revenue growth, profit margin and future P/E assumptions.
Narrative Update • Jan 22

SDF: CEO Return And Stable Margins Will Support Future Upside Potential

Analysts have inched their price target for Steadfast Group slightly lower to A$6.31 from A$6.33, reflecting small tweaks to their assumptions around long term revenue growth, profit margins, and future P/E expectations. What's in the News Steadfast Group held an Analyst/Investor Day, giving the market an opportunity to hear updated views from management on the business and outlook (Key Developments).
Narrative Update • Jan 07

SDF: CEO Return Timeline And Margin Profile Will Support Future Momentum

Analysts have nudged their price target on Steadfast Group slightly lower to A$6.33 from A$6.34, reflecting small adjustments to assumptions for revenue growth, profit margins and the future P/E multiple. What's in the News Steadfast Group plans to hold an Analyst/Investor Day, giving the market a dedicated forum to hear management updates and ask questions on the business outlook and capital priorities (company event).
Narrative Update • Dec 16

SDF: CEO Return And Margin Outlook Will Support Future Momentum

Analysts have slightly reduced their price target for Steadfast Group, reflecting a modest recalibration of fair value. This adjustment accounts for only incremental improvements in revenue growth expectations, alongside a small easing in forecast profit margins and future valuation multiples.
Narrative Update • Dec 01

SDF: CEO Return And Confidential Resolution Will Support Future Momentum

Analysts have slightly lowered their price target for Steadfast Group from $6.61 to $6.42, citing marginal changes in forecast revenue growth, profit margin, and future price-to-earnings expectations. What's in the News Steadfast Group Limited has announced the conclusion of an external investigation into a workplace complaint.
Narrative Update • Nov 17

SDF: Dividend Payout And Improving Margins Will Drive Stronger Outlook

Narrative Update: Change in Analyst Price Target for Steadfast Group Analysts have slightly lowered their price target for Steadfast Group from $6.62 to $6.61, citing minor adjustments to discount rate and profit margin assumptions. What's in the News Steadfast Group Limited announced an interim dividend of AUD 0.1170 per share for the six months ended June 30, 2025 (Key Developments).
Narrative Update • Nov 03

SDF: Dividend Outlook And Stable Margins Will Drive Long-Term Shareholder Value

Analysts have revised their price target for Steadfast Group slightly downward, lowering it from $6.82 to $6.62. They cite softer revenue growth projections and a marginal dip in profit margins as key factors for the adjustment.
Analysis Article • Aug 18

Steadfast Group Limited's (ASX:SDF) Business Is Yet to Catch Up With Its Share Price

ASX:SDF 1 Year Share Price vs Fair Value Explore Steadfast Group's Fair Values from the Community and select yours When...
Analysis Article • May 23

Here's Why We Think Steadfast Group (ASX:SDF) Is Well Worth Watching

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Mar 30

Steadfast Group Limited's (ASX:SDF) Shares May Have Run Too Fast Too Soon

With a price-to-earnings (or "P/E") ratio of 27.5x Steadfast Group Limited ( ASX:SDF ) may be sending very bearish...
Analysis Article • Feb 27

Steadfast Group (ASX:SDF) Will Pay A Dividend Of A$0.078

Steadfast Group Limited ( ASX:SDF ) has announced that it will pay a dividend of A$0.078 per share on the 27th of...
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New Narrative • Feb 09

Rebranded ISU Group And AI Integration Will Strengthen Future Market Position

Strategic acquisitions and international expansion are set to drive future earnings and revenue growth through a combination of cash flow and debt funding.
Analysis Article • Nov 28

There's Reason For Concern Over Steadfast Group Limited's (ASX:SDF) Price

Steadfast Group Limited's ( ASX:SDF ) price-to-earnings (or "P/E") ratio of 28.1x might make it look like a sell right...
Analysis Article • Nov 10

Is Now The Time To Put Steadfast Group (ASX:SDF) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Aug 17

Getting In Cheap On Steadfast Group Limited (ASX:SDF) Is Unlikely

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 19x, you may consider...
Analysis Article • Jul 13

With EPS Growth And More, Steadfast Group (ASX:SDF) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Apr 06

Do Steadfast Group's (ASX:SDF) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Mar 20

Steadfast Group Limited's (ASX:SDF) Share Price Not Quite Adding Up

With a price-to-earnings (or "P/E") ratio of 30.6x Steadfast Group Limited ( ASX:SDF ) may be sending very bearish...
Analysis Article • Mar 01

Steadfast Group (ASX:SDF) Has Announced A Dividend Of A$0.0675

Steadfast Group Limited ( ASX:SDF ) has announced that it will pay a dividend of A$0.0675 per share on the 28th of...
Analysis Article • Dec 19

Risks To Shareholder Returns Are Elevated At These Prices For Steadfast Group Limited (ASX:SDF)

Steadfast Group Limited's ( ASX:SDF ) price-to-earnings (or "P/E") ratio of 33x might make it look like a strong sell...
Analysis Article • Aug 19

Steadfast Group (ASX:SDF) Will Pay A Larger Dividend Than Last Year At A$0.09

Steadfast Group Limited ( ASX:SDF ) has announced that it will be increasing its dividend from last year's comparable...

CEO Compensation Analysis

How has Robert Kelly's remuneration changed compared to Steadfast Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

AU$356m

Sep 30 2025n/an/a

AU$345m

Jun 30 2025AU$5mAU$2m

AU$335m

Mar 31 2025n/an/a

AU$284m

Dec 31 2024n/an/a

AU$234m

Sep 30 2024n/an/a

AU$231m

Jun 30 2024AU$4mAU$1m

AU$228m

Mar 31 2024n/an/a

AU$216m

Dec 31 2023n/an/a

AU$205m

Sep 30 2023n/an/a

AU$197m

Jun 30 2023AU$5mAU$1m

AU$189m

Mar 31 2023n/an/a

AU$170m

Dec 31 2022n/an/a

AU$151m

Sep 30 2022n/an/a

AU$162m

Jun 30 2022AU$5mAU$1m

AU$172m

Mar 31 2022n/an/a

AU$173m

Dec 31 2021n/an/a

AU$175m

Sep 30 2021n/an/a

AU$159m

Jun 30 2021AU$4mAU$1m

AU$143m

Mar 31 2021n/an/a

AU$117m

Dec 31 2020n/an/a

AU$90m

Sep 30 2020n/an/a

AU$17m

Jun 30 2020AU$4mAU$1m

-AU$55m

Compensation vs Market: Robert's total compensation ($USD3.44M) is above average for companies of similar size in the Australian market ($USD2.11M).

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

CEO

Robert Kelly (78 yo)

30.3yrs
Tenure
AU$4,928,495
Compensation

Mr. Robert Bernard Kelly, AM, 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 ser...

Leadership Team

NamePositionTenureCompensationOwnership
Robert Kelly
Founder30.3yrsAU$4.93m0.28%
A$ 16.1m
Samantha Hollman
Chief Executive Officer of International3.3yrsAU$1.66m0.035%
A$ 2.0m
Hannah Lee
Chief Financial Officerless than a yearno datano data
David Gillespie
Chief Technology Officer1.2yrsno datano data
Shalome Ruiter
Executive General Manager of Investor Relations & ESG3.1yrsno datano data
Duncan A. Ramsay
Chief Legal Officer11yrsno datano data
Abby Taoube
Executive General Manager of Peopleless than a yearno datano data
Nick McKee
Chief Operating Officer of International2.8yrsno datano data
Eimear McKeever
Chief Financial Officer of International2.5yrsno datano data
Tim Mathieson
Chief Executive Officer of Australasia Broking1.2yrsno datano data
Mark Senkevics
Chief Executive Officer of Underwriting Agenciesno datano datano data
Christopher Sargent
Company Secretary1.4yrsno datano data
2.5yrs
Average Tenure

Experienced Management: SDF's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Robert Kelly
Founder30.3yrsAU$4.93m0.28%
A$ 16.1m
Vicki Allen
Independent Non-Executive Chairman5.3yrsAU$232.40k0.0050%
A$ 291.8k
Michael Goodwin
Independent Non-Executive Directorless than a yearno data0.012%
A$ 682.3k
Gai McGrath
Non-Executive Independent Director8.1yrsAU$232.40k0.0061%
A$ 355.7k
Gregory Rynenberg
Non-Executive Director27.9yrsAU$222.40k0.093%
A$ 5.4m
Andrew Bloore
Independent Director2.7yrsAU$222.45kno data
Joan Cleary
Independent Non-Executive Director4yrsAU$232.40k0.0042%
A$ 244.3k
5.3yrs
Average Tenure
65.5yo
Average Age

Experienced Board: SDF's board of directors are considered experienced (5.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/15 16:57
End of Day Share Price 2026/07/15 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Steadfast Group Limited is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew AdamsBarrenjoey Markets Pty Limited
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Jeff CaiCitigroup Inc