Company DescriptionSteadfast Group Limited provides general insurance brokerage services Australasia, Asia, and Europe. It also provides insurance underwriting services and related services. The company offers business insurance products, such as aviation, business pack, business interruption, contract works, corporate travel, cyber, events, farm, marine, management liability, product liability, professional indemnity, public liability, trade credit, and workers' compensation insurance. It also provides personal insurance products, including home and contents, landlord, life, motor, and strata insurance. The company operates a network of 427 general insurance brokers and 28 underwriting agencies. Steadfast Group Limited was incorporated in 1996 and is based in Sydney, Australia.

How the Company Makes Money

Steadfast Group Limited Financial Statement Overview

Summary

Steadfast Group Limited exhibits strong financial performance characterized by robust revenue and profit growth, efficient cost management, and a solid balance sheet. Although free cash flow growth shows fluctuations and there is an increase in debt levels, the overall financial health remains positive.

Income Statement

Very Positive

Steadfast Group Limited has demonstrated strong revenue growth over the past years, with a notable increase from AUD 676.96 million in 2020 to AUD 1.76 billion in 2024. The gross profit margin remains healthy, reflecting efficient cost management. The net profit margin has also improved, showcasing enhanced profitability. EBIT and EBITDA margins are substantial, indicating robust operating performance. However, the company's net income was negative in 2020 due to significant EBIT loss, which represents a risk factor.

Balance Sheet

Positive

The company's balance sheet is solid with a healthy equity position. The debt-to-equity ratio is manageable, indicating prudent leverage practices. Steadfast has consistently grown its stockholders' equity, reflecting strong financial health. The equity ratio is stable, suggesting a balanced asset structure. However, the total debt has gradually increased, which could pose a potential risk if not managed carefully.

Cash Flow

Positive

Steadfast Group's cash flow position is strong, with consistent free cash flow generation. The operating cash flow to net income ratio is favorable, highlighting efficient cash generation from operations. However, the free cash flow growth rate has fluctuated, and investing activities have consistently resulted in cash outflows, which could indicate challenges in capital allocation.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
1.89B	1.76B	1.46B	885.50M	902.00M	676.96M
	Gross Profit
945.20M	862.00M	696.00M	423.00M	539.40M	292.68M
	EBIT
667.50M	600.80M	476.60M	269.40M	205.00M	-678.23M
	EBITDA
653.70M	587.00M	463.60M	362.50M	265.90M	146.13M
	Net Income Common Stockholders
234.00M	228.00M	189.20M	171.60M	143.00M	-32.75M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
375.90M	1.33B	1.14B	945.00M	737.30M	659.60M
	Total Assets
5.87B	5.71B	4.89B	3.92B	3.01B	2.76B
	Total Debt
1.59B	1.30B	1.04B	938.70M	790.00M	762.25M
	Net Debt
1.22B	-29.90M	-101.10M	-6.30M	52.70M	102.65M
	Total Liabilities
3.38B	3.14B	2.64B	2.10B	1.74B	1.56B
	Stockholders Equity
2.29B	2.33B	2.04B	1.68B	1.16B	1.12B
Cash Flow		Free Cash Flow
466.40M	287.40M	408.40M	64.70M	239.10M	197.76M
	Operating Cash Flow
477.30M	298.70M	424.60M	73.20M	250.30M	221.65M
	Investing Cash Flow
-227.00M	-441.20M	-348.20M	-262.40M	-114.00M	-104.69M
	Financing Cash Flow
-6.70M	331.30M	117.60M	223.40M	-58.90M	2.77M

Steadfast Group Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1S6		€3.70B	25.06	10.23%	3.42%	―	―
Sector *	64 Neutral	$12.87B	9.81	7.76%	16985.65%	12.28%	-7.83%
A5H		€2.35B	33.00	7.96%	2.56%	―	―
CFIGF		$3.49B	32.26	3.85%	4.08%	―	―
IOOFF		$1.52B	―	-7.21%	2.64%	―	―
HM3			―		―	―	―
AFG	74 Outperform	AU$595.69M	19.98	15.01%	3.55%	9.49%	-0.36%

* Financial Sector Average

Performance Comparison

DE:1S6

Steadfast Group Limited

3.24

0.04

1.25%

DE:A5H

AUB Group

20.00

1.31

7.01%

CFIGF

Challenger Limited

4.53

0.21

4.86%

IOOFF

Insignia Financial Ltd

2.30

0.81

54.36%

DE:HM3

Resimac Group Limited

―

AU:AFG

Australian Finance Group Ltd.

2.20

0.85

62.96%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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