How to buy Steadfast shares | A$3.41

Steadfast Group Limited is an insurance brokers business based in Australia. Steadfast shares (SDF) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $3.41 – a decrease of 2.29% over the previous week. Steadfast has a trailing 12-month revenue of around $857.1 million.

How to buy shares in Steadfast

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Steadfast. Find the share by name or ticker symbol: SDF. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Steadfast reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $3.41, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Steadfast. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Steadfast's share price?

Since the stock market crash in March caused by coronavirus, Steadfast's share price has had significant negative movement.

Its last market close was $3.41, which is 14.96% down on its pre-crash value of $4.01 and 39.75% up on the lowest point reached during the March crash when the shares fell as low as $2.44.

If you had bought $1,000 worth of Steadfast shares at the start of February 2020, those shares would have been worth $725.59 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $899.73.

Steadfast share price

Use our graph to track the performance of SDF stocks over time.

Steadfast shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$3.41
52-week range	AUDA$2.24 - AUDA$4.1
50-day moving average	AUDA$3.3589
200-day moving average	AUDA$3.2361
Target price	AUDA$3.33
PE ratio	29.9543
Dividend yield	AUDA$0.1 (2.75%)
Earnings per share (TTM)	AUDA$0.131

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Steadfast stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Steadfast Group Limited by TradingView

Steadfast price performance over time

Historical closes compared with the close of A$3.41 on 2020-10-22

1 week (2020-10-16)	-2.29%
1 month (2020-09-24)	3.65%
3 months (2020-07-23)	-3.40%
6 months (2020-04-23)	25.37%

1 year (2019-10-23)	-6.06%
2 years (2018-10-23)	14.43%
3 years (2017-10-23)	20.49%
5 years (2015-10-23)	120.71%

Is Steadfast under- or over-valued?

Valuing Steadfast stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Steadfast's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Steadfast's P/E ratio

Steadfast's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, Steadfast shares trade at around 30x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Steadfast's EBITDA

Steadfast's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $247 million.

The EBITDA is a measure of a Steadfast's overall financial performance and is widely used to measure a its profitability.

Steadfast financials

Revenue TTM	$857.1 million
Operating margin TTM	24.86%
Gross profit TTM	$414.9 million
Return on assets TTM	5.42%
Return on equity TTM	-2.86%
Profit margin	-6.45%
Book value	1.303
Market capitalisation	$3 billion

TTM: trailing 12 months

Steadfast share dividends

Dividend payout ratio: 120% of net profits

Recently Steadfast has paid out, on average, around 120% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.75% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Steadfast shareholders could enjoy a 2.75% return on their shares, in the form of dividend payments. In Steadfast's case, that would currently equate to about A$0.1 per share.

Steadfast's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 31 August 2020 (the "ex-dividend date").

Steadfast share price volatility

Over the last 12 months, Steadfast's shares have ranged in value from as little as $2.24 up to $4.1. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Steadfast's is 1.0819. This would suggest that Steadfast's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Steadfast overview

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 458 general insurance brokers and 25 underwriting agencies. Steadfast Group Limited was founded in 1996 and is based in Sydney, Australia.

Frequently asked questions

• What percentage of Steadfast is owned by insiders or institutions?

  Currently 6.359% of Steadfast shares are held by insiders and 38.256% by institutions.

• When does the fiscal year end for Steadfast?

  Steadfast's fiscal year ends in June.

• Where is Steadfast based?

  Steadfast's address is: 99 Bathurst Street, Sydney, NSW, Australia, 2000

• What is Steadfast's ISIN number?

  Steadfast's international securities identification number is: AU000000SDF8