Steadfast Group Ltd
SDF: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$7.00 | Dpzvqs | Vlmddbdlwc |
Corporate Action: Steadfast Puts a Strong Shareprice to Work; Recommend Passing on This SPP
Fiscal 2021 was a strong result for Steadfast, with NPAT and EBITA growth of 20% and 18%, respectively. The result largely as we expected. Insurers putting up rates to improve their own margins provides a nice tailwind for the resilient insurance broking industry.