Steadfast Group Ltd (SDF) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Steadfast Group Ltd stock A$3.15, price A$5.81, that is 45.8% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range A$3.78 – A$6.36 · fair‑value band A$1.99 – A$3.93 · the A$5.81 price screens above the A$3.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 29, 2026.
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Steadfast Group Limited provides general insurance brokerage services Australasia, Asia, and Europe. It also offers insurance underwriting services and related services.
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In addition, 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.
Further, it offers personal insurance products, including home and contents, landlord, motor, life, and strata insurance. The company operates a network of general insurance brokers and insurance underwriting agencies.
Steadfast Group Limited was incorporated in 1996 and is based in Sydney, Australia.
Stock analysis
Steadfast Group Ltd (SDF) currently trades at A$5.81, while our model-based Fair Value estimate is A$3.15, 45.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of A$3.15 per share, and 0 of the 4 models we run sit above the A$5.81 price.
Bear case: the Economic Profit group reads lowest at A$2.32, and 4 of the 4 models stay below the price. Data coverage for this calculation is high.
Scenario range: A$1.99 (bear) to A$3.93 (bull), the price of A$5.81 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Steadfast Group Ltd reported revenue of A$2.1B in FY2026 versus A$886M in FY2022, a compound +24.5%/yr. Reported net income was A$269M in FY2026, compounding +11.9%/yr from FY2022.
Key figures
Market cap A$6.5B (≈ $4.5B) Mid · P/E ratio 24.0 · P/S ratio 2.98 · EPS (TTM) A$0.2420 · Dividend yield 3.4% · Net margin 12.4% · Return on equity 12.4% · Return on assets (EBIT) 7.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −60% fair-value upside, at −46%, SDF screens cheaper than that median.
Fair Value models
BearA$1.99Fair Value A$3.15BullA$3.93
Price A$5.81 · Downside -45.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (A$0.0140 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+16.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.7%
Start year 2021 (pandemic). Over 10 years: +15.3% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.1%
Dividend (yield on the price)3.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.1% vs 10.5%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 22%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+0.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −2.5% a year for the price and +1.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The business benefits from running Australasia's largest insurance broker network with solid underlying growth, yet thin evidence leaves no sign of a durable competitive advantage.
Main risk: The binding scheme that splits underwriting agencies from broking operations risks fragmenting network synergies and hitting earnings stability.
Steadfast runs Australasia's largest insurance broker network and posted solid underlying revenue and earnings growth in FY26. A binding scheme now splits the business, with Amwins taking the underwriting agencies and a Dragoneer-KKR group acquiring the broking operations. Will private ownership unlock more value from the network than the current public structure delivered?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance Brokers · 31 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Bottom 25%
Fair Value upside−45.8% · Above median
Profitability
Return on equity (12 months)12.4% · Below median
Return on assets3.9% · Below median
Net margin (12 months)12.4% · Below median
Operating margin (12 months)28.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−3.1% · Bottom 25%
Dividend yield (12 months)3.4% · Above median
Balance sheet
Debt / equity0.75× · Highest 25%
Valuation Multiplesvs Insurance Brokers median · lower = cheaper
P/E (12 months)24.0× · Pricier than median
P/B2.73× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)2.98× · Cheaper than median
Price / free cash flow14.6× · Cheaper than median
EV/EBITDA9.2× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 26
PAST (return on equity)49· sector 69
HEALTH (low debt)62· sector 74
DIVIDEND (yield)69· sector 68
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Steadfast Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SDF
Frequently asked questions
Is Steadfast Group Ltd (SDF) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of A$3.15 versus a price of A$5.81, about 46% lower (overvalued).
What is the fair value of SDF?
Our model-based fair value for Steadfast Group Ltd is A$3.15 (as of Oct 29, 2026), built from audited fundamentals. The current price: A$5.81.
What is the quality score of SDF?
Steadfast Group Ltd has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Steadfast Group Ltd (SDF)?
Our model-based price target is the fair value of A$3.15 (as of Oct 29, 2026) from 4 valuation models. Cautious scenario A$1.99, optimistic scenario A$3.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Steadfast Group Ltd stock forecast for 2026?
Our models put fair value at A$3.15, about 46% lower versus a price of A$5.81 (overvalued). Cautious scenario A$1.99, optimistic scenario A$3.93. The calculation is refreshed regularly with new filings.
What is the revenue of Steadfast Group Ltd (SDF)?
Steadfast Group Ltd reported trailing-twelve-month revenue of about A$2.2B (latest available figure, as of Oct 29, 2026).
Does Steadfast Group Ltd pay a dividend?
Steadfast Group Ltd currently shows a dividend yield of 3.43% relative to its recent price (as of Oct 29, 2026).
What growth is priced into Steadfast Group Ltd (SDF)?
For today's price to be fair in a discounted-cash-flow model, Steadfast Group Ltd would have to grow free cash flow by +0.4 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.7 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of SDF use?
Our models discount Steadfast Group Ltd at 8.3 %: a base by market capitalisation (mid), damped by beta 0.20, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Steadfast Group Ltd that is +0.4 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Steadfast Group Ltd (SDF) delivered so far?
Over the past 5 years revenue at Steadfast Group Ltd grew +18.7 % a year. The price currently implies +0.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Steadfast Group Ltd (SDF) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Steadfast Group Ltd (+0.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Steadfast Group Ltd (SDF)?
The free-cash-flow yield on the price is 6.85 %: that much free cash flow Steadfast Group Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Steadfast Group Ltd (SDF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Steadfast Group Ltd it is A$3.15 per share (as of Oct 29, 2026), against a price of A$5.81. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Steadfast Group Ltd stock overvalued or undervalued in 2026?
As of Oct 29, 2026, SDF trades above its calculated fair value: price A$5.81, fair value A$3.15, a gap of about −46% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SDF?
No. The price is what the market pays today (A$5.81); the fair value is what the company's own numbers justify (A$3.15). For Steadfast Group Ltd the two are A$2.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is Steadfast Group Ltd worth?
The market values Steadfast Group Ltd at about A$6.5B (market capitalisation, as of Oct 29, 2026). Per share that is A$5.81; our models calculate a fair value of A$3.15 per share.
What do the bullish and bearish scenarios say about SDF?
Our models span a range for Steadfast Group Ltd: cautious scenario A$1.99, base A$3.15, optimistic A$3.93 per share (as of Oct 29, 2026, price A$5.81). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SDF?
Steadfast Group Ltd trades at a price-to-earnings ratio of 24.0 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$3.15 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 20.2 (reported 24.0). Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings, FY2026 ex one-offs: 28.1. Other multiples: P/B 2.7, P/S 3.0, EV/EBITDA 9.2.
How solid is the balance sheet of Steadfast Group Ltd (SDF)?
Balance-sheet figures for Steadfast Group Ltd (as of Oct 29, 2026): return on equity 12.4%, debt of 0.75 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is SDF from its 52-week high?
Steadfast Group Ltd trades at A$5.81, at its 52-week high of A$5.81 and 52% above the low of A$3.82 (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of A$3.15 is for.
Which stocks are comparable to Steadfast Group Ltd?
From the same area (Financial Services) we also value Marsh & McLennan Companies, Inc, Arthur J. Gallagher & Co, Aon plc, Willis Towers Watson Public Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Steadfast Group Ltd stock attractive at the current price?
The data as of Oct 29, 2026: price A$5.81, calculated fair value A$3.15 (−46%), Quality Score 49/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SDF calculated?
We run Steadfast Group Ltd through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$3.15, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Steadfast Group Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Steadfast Group Ltd (SDF)?
The closing price on Nov 2, 2026 was A$5.81. Our model-based fair value is A$3.15, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Steadfast Group Ltd right now?
The price sits above even our optimistic bull case (A$3.93). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (A$1.99 to A$3.93) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Steadfast Group Ltd (SDF) come from?
Earnings per share at Steadfast Group Ltd grew +12.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +12.7 %, EBIT margin −6.7 %, tax rate −1.1 %, residual (interest, one-offs) +8.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Steadfast Group Ltd
How large is the market capitalisation of Steadfast Group Ltd (SDF)?
The market capitalisation of Steadfast Group Ltd is A$6.5B (≈ $4.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Steadfast Group Ltd (SDF)?
The price-to-sales ratio of Steadfast Group Ltd is 2.98 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Steadfast Group Ltd (SDF)?
Earnings per share at Steadfast Group Ltd are A$0.2420 (price ÷ EPS = P/E 24.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Steadfast Group Ltd (SDF)?
The dividend yield of Steadfast Group Ltd is 3.4% (payout 69.7%, on adjusted earnings, reported 82.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Steadfast Group Ltd (SDF)?
The net margin of Steadfast Group Ltd is 12.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Steadfast Group Ltd (SDF)?
The return on equity (ROE) of Steadfast Group Ltd is 12.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Steadfast Group Ltd (SDF)?
On an EBIT basis the return on assets of Steadfast Group Ltd is 7.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Steadfast Group Ltd (SDF)?
The operating margin of Steadfast Group Ltd is 28.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Steadfast Group Ltd (SDF)?
Revenue at Steadfast Group Ltd is growing −3.1% versus a year earlier (3y avg +13.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Steadfast Group Ltd (SDF)?
Earnings per share at Steadfast Group Ltd are growing −38.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Steadfast Group Ltd (SDF) carry?
The net debt of Steadfast Group Ltd is A$170M (fiscal year 2026, ≈ 0.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 29, 2026