SDF Stock Overview

Provides general insurance brokerage services Australasia, Asia, and Europe. More details

SDF fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	1/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 17% below our estimate of its fair value

Earnings are forecast to grow 11.39% per year

Earnings have grown 33.9% per year over the past 5 years

Risk Analysis

Has a high level of debt

Large one-off items impacting financial results

Unstable dividend track record

Community vs My Fair Value

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Steadfast Group Limited Competitors

AUB Group

ASX:AUB

AU$3.7b

nib holdings

ASX:NHF

AU$3.4b

Medibank Private

ASX:MPL

AU$12.8b

Insurance Australia Group

ASX:IAG

AU$19.3b

Price History & Performance

Summary of share price highs, lows and changes for Steadfast Group
Historical stock prices
Current Share Price	AU$5.93
52 Week High	AU$6.60
52 Week Low	AU$5.19
Beta	0.43
1 Month Change	1.54%
3 Month Change	1.89%
1 Year Change	5.33%
3 Year Change	18.60%
5 Year Change	95.07%
Change since IPO	290.13%

Recent updates

Shareholder Returns

	SDF	AU Insurance	AU Market
7D	2.6%	1.4%	2.6%
1Y	5.3%	18.7%	5.3%

Return vs Industry: SDF underperformed the Australian Insurance industry which returned 18.7% over the past year.

Return vs Market: SDF matched the Australian Market which returned 5.3% over the past year.

Price Volatility

Is SDF's price volatile compared to industry and market?
SDF volatility
SDF Average Weekly Movement	3.4%
Insurance Industry Average Movement	5.0%
Market Average Movement	9.4%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	4.2%

Stable Share Price: SDF has not had significant price volatility in the past 3 months compared to the Australian market.

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

About the Company

Founded	Employees	CEO	Website
1996	n/a	Robert Kelly	www.steadfast.com.au

Steadfast Group Limited provides general insurance brokerage services Australasia, Asia, and Europe. It also offers insurance underwriting services and related services. The company provides various business insurance products, such as aviation, business pack and interruption, contract works, corporate travel, cyber, events, farm, marine, management and product liability, professional indemnity, public liability, trade credit, and workers’ compensation insurance.

Steadfast Group Limited Fundamentals Summary

How do Steadfast Group's earnings and revenue compare to its market cap?
SDF fundamental statistics
Market cap	AU$6.51b
Earnings (TTM)	AU$234.00m
Revenue (TTM)	AU$1.89b

27.8x

P/E Ratio

3.5x

P/S Ratio

Is SDF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SDF income statement (TTM)
Revenue	AU$1.89b
Cost of Revenue	AU$941.00m
Gross Profit	AU$945.20m
Other Expenses	AU$711.20m
Earnings	AU$234.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Aug 29, 2025

Earnings per share (EPS)	0.21
Gross Margin	50.11%
Net Profit Margin	12.41%
Debt/Equity Ratio	60.6%

How did SDF perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

86%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/01 22:34
End of Day Share Price	2025/05/01 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 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.

Analyst	Institution
Nicholas McGarrigle	Barrenjoey Markets Pty Limited
Andrew Adams	Barrenjoey Markets Pty Limited
Christiane Holstein	BofA Global Research

SDF Stock Overview

Rewards

Risk Analysis

Steadfast Group Limited Competitors

ASX:AUB

AU$3.7b

ASX:NHF

AU$3.4b

ASX:MPL

AU$12.8b

ASX:IAG

AU$19.3b

Price History & Performance

Recent News & Updates

Steadfast Group Limited Announces the Appointment of Chris Sargent as Company Secretary

Now 21% undervalued

Steadfast Group Limited Announces Resignation of Peter Roberts as Company Secretary

Now 20% undervalued

Non-Executive Independent Chairman recently bought AU$304k worth of stock

Investor sentiment deteriorates as stock falls 17%

Recent updates

Steadfast Group Limited Announces the Appointment of Chris Sargent as Company Secretary

Now 21% undervalued

Steadfast Group Limited Announces Resignation of Peter Roberts as Company Secretary

Now 20% undervalued

Non-Executive Independent Chairman recently bought AU$304k worth of stock

Investor sentiment deteriorates as stock falls 17%

Now 24% undervalued

Final dividend increased to AU$0.10

Steadfast Group Limited to Report First Half, 2025 Results on Feb 26, 2025

Full year 2024 earnings released: EPS: AU$0.21 (vs AU$0.18 in FY 2023)

Steadfast Group Limited Announces Final Franked Dividend for the Year Ended 30 June 2024, Payable on 24 September 2024

First half dividend increased to AU$0.068

First half 2024 earnings released: EPS: AU$0.096 (vs AU$0.085 in 1H 2023)

Steadfast Group Limited has completed a Follow-on Equity Offering in the amount of AUD 68.125925 million.

Steadfast Group Limited has completed a Follow-on Equity Offering in the amount of AUD 275.642028 million.

Steadfast Group Limited, Annual General Meeting, Nov 01, 2024

Steadfast Group Limited (ASX:SDF) entered into an agreement to acquire 70% stake in Combined Agency Group Pty Limited for approximately AUD 280 million.

New minor risk - Shareholder dilution

Steadfast Group Limited has filed a Follow-on Equity Offering.

Steadfast Group Limited Appoints Andrew Bloore as A Director

Steadfast Group Limited (ASX:SDF) acquired ISU Group for $55 million.

Non-Executive Independent Chairman recently bought AU$305k worth of stock

Steadfast Group Limited Announces Executive Changes

Full year 2023 earnings released: EPS: AU$0.18 (vs AU$0.18 in FY 2022)

Javelin Limited acquired Underwriter Central and Insurance Connect businesses of Steadfast Group.

Steadfast Group Limited Appoints Duncan Ramsay as Additional Company Secretary

Co-Founder recently sold AU$2.0m worth of stock

Non-Executive Independent Chairman recently sold AU$290k worth of stock

First half 2023 earnings released: EPS: AU$0.085 (vs AU$0.12 in 1H 2022)

Steadfast Group Limited Updates Earnings Guidance for the Full Year 2023

Steadfast Group Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

Steadfast Group Limited to Report First Half, 2023 Results on Feb 22, 2023

Non-Executive Independent Chairman recently sold AU$609k worth of stock

Key Executive recently sold AU$306k worth of stock

Steadfast Group Limited (ASX:SDF) Completed the acquisition of Insurance Brands Australia Pty Limited.

Full year 2022 earnings released: EPS: AU$0.18 (vs AU$0.17 in FY 2021)

Steadfast Group Limited (ASX:SDF) entered into an agreement to acquire Insurance Brands Australia Pty Limited for AUD 301 million.

Steadfast Group Limited Announces Dividend for the Period of Six Months Ended 30 June 2022, Payable on 9 September 2022

Steadfast Group Limited Appoints Ms Joan Cleary as A Director , Effective from 28 July 2022

Non-Executive Independent Director recently sold AU$351k worth of stock

Insufficient new directors

Co-Founder recently sold AU$477k worth of stock

Independent Non-Executive Director recently bought AU$58k worth of stock

Now 20% undervalued after recent price drop

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Steadfast Group Retirement of Philip Purcell as Director

Insufficient new directors

Co-Founder recently sold AU$1.5m worth of stock

Non-Executive Independent Chairman recently bought AU$470k worth of stock

Steadfast Group Limited (ASX:SDF) completed the acquisition of Coverforce Holdco Pty Limited from Jim Angelis and Management for approximately AUD 420 million.

Full year 2021 earnings released: EPS AU$0.17 (vs AU$0.065 loss in FY 2020)

Steadfast Group Limited (ASX:SDF) agreed to acquire Coverforce Holdco Pty Limited from Jim Angelis and Management for approximately AUD 410 million.

Steadfast Group Limited Appoints Vicki Allen as Director

Co-Founder recently sold AU$600k worth of stock

First half 2021 earnings released: EPS AU$0.085 (vs AU$0.087 loss in 1H 2020)

New 90-day high: AU$4.09

New 90-day high: AU$4.08

Steadfast Group Limited to Report First Half, 2021 Results on Feb 24, 2021

New 90-day high: AU$4.02