Steadfast Group Limited provides general insurance brokerage services Australasia, Asia, and Europe.
Moderate growth potential with mediocre balance sheet.
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: 1S6 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 1S6 underperformed the German Insurance industry which returned -8.3% over the past year.
Return vs Market: 1S6 underperformed the German Market which returned 3.8% over the past year.
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
No news available
Is Steadfast Group undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 1S6 (€1.99) is trading above our estimate of fair value (€1.75)
Significantly Below Fair Value: 1S6 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1S6 is unprofitable, so we can't compare its PE Ratio to the DE Insurance industry average.
PE vs Market: 1S6 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1S6's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1S6 is overvalued based on its PB Ratio (2.5x) compared to the DE Insurance industry average (1x).
How is Steadfast Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1S6 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).
Earnings vs Market: 1S6 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 1S6's is expected to become profitable in the next 3 years.
Revenue vs Market: 1S6's revenue (3.8% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: 1S6's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1S6's Return on Equity is forecast to be low in 3 years time (10.8%).
How has Steadfast Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1S6 is currently unprofitable.
Growing Profit Margin: 1S6 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1S6 is unprofitable, but has reduced losses over the past 5 years at a rate of 4.8% per year.
Accelerating Growth: Unable to compare 1S6's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1S6 is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (10%).
Return on Equity
High ROE: 1S6 has a negative Return on Equity (1.12%), as it is currently unprofitable.
How is Steadfast Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1S6's short term assets (A$1.4B) exceed its short term liabilities (A$1.2B).
Long Term Liabilities: 1S6's short term assets (A$1.4B) exceed its long term liabilities (A$393.9M).
Debt to Equity History and Analysis
Debt Level: 1S6's debt to equity ratio (61.1%) is considered high.
Reducing Debt: 1S6's debt to equity ratio has increased from 22.8% to 61.1% over the past 5 years.
Debt Coverage: 1S6's debt is well covered by operating cash flow (32.2%).
Interest Coverage: 1S6 is unprofitable, therefore interest payments are not well covered by earnings.
What is Steadfast Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1S6's dividend (2.66%) is higher than the bottom 25% of dividend payers in the German market (1.25%).
High Dividend: 1S6's dividend (2.66%) is low compared to the top 25% of dividend payers in the German market (3.83%).
Stability and Growth of Payments
Stable Dividend: 1S6 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1S6's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: 1S6 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: 1S6's dividends in 3 years are forecast to be covered by earnings (60.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert Kelly (72 yo)
Mr. Robert Bernard Kelly is the Co-Founder of Steadfast Group Limited and has been its Chief Executive Officer and Managing Director since April 18, 1996. Mr. Kelly has over 45 years' experience in the ins ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD2.57M) is above average for companies of similar size in the German market ($USD1.49M).
Compensation vs Earnings: Robert's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||7.58yrs||AU$1.61m||0.047% |
|Chief Operating Officer||3.92yrs||AU$1.20m||0.027% |
|Group Company Secretary & Corporate Counsel||7.17yrs||AU$578.36k||0.0073% |
|Chief Executive Officer of Steadfast Underwriting Agencies||5.58yrs||AU$1.24m||0.17% |
|Executive General Manager of Asia||17.67yrs||AU$911.92k||0.11% |
|General Counsel||5.08yrs||no data||no data|
|Executive General Manager of Corporate Development||no data||no data||no data|
|Executive GM of Business Solutions & Company Secretary||7.25yrs||no data||no data|
|Executive General Manager of Business Development||no data||no data||no data|
Experienced Management: 1S6's management team is seasoned and experienced (7.2 years average tenure).
|Non-Executive Independent Chairman||7.83yrs||AU$275.00k||0.10% |
|Non-Executive Deputy Chairman||0.58yr||AU$170.00k||0.018% |
|Non-Executive Independent Director||7.08yrs||AU$172.50k||0.020% |
|Non-Executive Independent Director||2.17yrs||AU$150.00k||0.0057% |
|Non-Executive Independent Director||7.5yrs||AU$150.00k||0.012% |
|Non-Executive Independent Director||22yrs||AU$150.00k||0.12% |
Experienced Board: 1S6's board of directors are considered experienced (7.5 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9%.
Steadfast Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Steadfast Group Limited
- Ticker: 1S6
- Exchange: DB
- Founded: 1996
- Industry: Insurance Brokers
- Sector: Insurance
- Market Cap: AU$2.880b
- Listing Market Cap: AU$1.745b
- Shares outstanding: 859.80m
- Website: https://www.steadfast.com.au
- Steadfast Group Limited
- 99 Bathurst Street
- Level 4
- New South Wales
|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|
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||2020/08/02 21:21|
|End of Day Share Price||2020/07/31 00:00|
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.