Steadfast Group Full Year 2024 Earnings: EPS Misses Expectations
Steadfast Group (ASX:SDF) Full Year 2024 Results
Key Financial Results
- Revenue: AU$1.76b (up 20% from FY 2023).
- Net income: AU$228.0m (up 21% from FY 2023).
- Profit margin: 13% (in line with FY 2023).
- EPS: AU$0.21 (up from AU$0.18 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Steadfast Group EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.6%.
The primary driver behind last 12 months revenue was the Insurance Intermediary segment contributing a total revenue of AU$1.55b (88% of total revenue). Notably, cost of sales worth AU$897.4m amounted to 51% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling AU$275.3m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how SDF's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, while revenues in the Insurance industry in Australia are expected to remain flat.
Performance of the Australian Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Be aware that Steadfast Group is showing 2 warning signs in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About ASX:SDF
Steadfast Group
Provides general insurance brokerage services Australasia, Asia, and Europe.
Excellent balance sheet average dividend payer.
