Steadfast Group Limited

ASX:SDF Stock Report

Market Cap: AU$6.5b

Steadfast Group Valuation

Is SDF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SDF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SDF (A$5.83) is trading below our estimate of fair value (A$7.41)

Significantly Below Fair Value: SDF is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SDF?

Key metric: As SDF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SDF. This is calculated by dividing SDF's market cap by their current earnings.
What is SDF's PE Ratio?
PE Ratio28.2x
EarningsAU$228.00m
Market CapAU$6.52b

Price to Earnings Ratio vs Peers

How does SDF's PE Ratio compare to its peers?

The above table shows the PE ratio for SDF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
AUB AUB Group
26.1x11.1%AU$3.6b
NHF nib holdings
14.3x6.3%AU$2.7b
IAG Insurance Australia Group
21.8x7.4%AU$20.0b
QBE QBE Insurance Group
10.5x1.4%AU$29.1b
SDF Steadfast Group
28.2x11.0%AU$6.5b

Price-To-Earnings vs Peers: SDF is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does SDF's PE Ratio compare vs other companies in the Global Insurance Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SDF 28.2xIndustry Avg. 11.1xNo. of Companies73PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SDF is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the Global Insurance industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is SDF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SDF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.2x
Fair PE Ratio23.1x

Price-To-Earnings vs Fair Ratio: SDF is expensive based on its Price-To-Earnings Ratio (28.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SDF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$5.83
AU$6.69
+14.8%
4.8%AU$7.15AU$6.00n/a10
Dec ’25AU$5.81
AU$6.63
+14.2%
5.3%AU$7.15AU$6.00n/a9
Nov ’25AU$5.43
AU$6.62
+21.9%
5.1%AU$7.15AU$6.00n/a9
Oct ’25AU$5.63
AU$6.69
+18.9%
4.5%AU$7.15AU$6.00n/a10
Sep ’25AU$6.47
AU$6.85
+5.8%
7.1%AU$8.20AU$6.50n/a10
Aug ’25AU$6.51
AU$6.63
+1.8%
7.6%AU$7.90AU$6.10n/a10
Jul ’25AU$6.14
AU$6.61
+7.6%
7.7%AU$7.90AU$6.10n/a10
Jun ’25AU$5.52
AU$6.56
+18.8%
6.1%AU$7.40AU$6.00n/a11
May ’25AU$5.61
AU$6.53
+16.4%
6.1%AU$7.40AU$6.00n/a11
Apr ’25AU$5.88
AU$6.53
+11.1%
6.1%AU$7.40AU$6.00n/a11
Mar ’25AU$5.79
AU$6.52
+12.6%
6.4%AU$7.40AU$6.00n/a10
Feb ’25AU$5.86
AU$6.51
+11.0%
6.0%AU$7.20AU$5.90n/a10
Jan ’25AU$5.82
AU$6.45
+10.8%
6.2%AU$7.20AU$5.90n/a10
Dec ’24AU$5.66
AU$6.39
+13.0%
6.6%AU$7.20AU$5.83AU$5.8111
Nov ’24AU$5.40
AU$6.34
+17.4%
5.6%AU$6.80AU$5.83AU$5.4311
Oct ’24AU$5.64
AU$6.32
+12.0%
5.2%AU$6.80AU$5.83AU$5.6311
Sep ’24AU$5.64
AU$6.32
+12.0%
5.2%AU$6.80AU$5.83AU$6.4711
Aug ’24AU$5.81
AU$6.24
+7.5%
6.0%AU$7.00AU$5.70AU$6.5111
Jul ’24AU$6.00
AU$6.17
+2.8%
6.7%AU$7.00AU$5.70AU$6.1410
Jun ’24AU$5.98
AU$6.19
+3.6%
6.6%AU$7.00AU$5.70AU$5.5211
May ’24AU$5.91
AU$6.22
+5.2%
6.4%AU$7.00AU$5.70AU$5.6110
Apr ’24AU$5.85
AU$6.25
+6.9%
6.9%AU$7.14AU$5.70AU$5.8810
Mar ’24AU$5.85
AU$6.25
+6.9%
6.9%AU$7.14AU$5.70AU$5.7910
Feb ’24AU$5.30
AU$5.97
+12.6%
8.8%AU$7.14AU$5.50AU$5.8610
Jan ’24AU$5.47
AU$5.98
+9.4%
9.8%AU$7.14AU$5.20AU$5.829
Dec ’23AU$5.28
AU$5.98
+13.3%
9.8%AU$7.14AU$5.20AU$5.669

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 07:37
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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 here.

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 .

Analyst Sources

Steadfast Group Limited is covered by 19 analysts. 10 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
Christiane HolsteinBofA Global Research