Report
David Ellis
EUR 100.00 For Business Accounts Only

Steadfast's Growth Outlook Underpinned by 'InsurTech' Initiatives; FVE AUD 3 Unchanged

No-moat-rated general insurance broker Steadfast Group's recent annual investor day confirmed our positive long-term view on the fast-growing business. A highlight was the roll out of the Steadfast Client Trading Platform, or SCTP, delivering financial and operational benefits to insurers, brokers, and clients in the company's network. The implementation of this and other initiatives support our five-year CAGR EPS growth forecast of 11.6% and AUD 3.00 fair value estimate. At current prices, the ...
Underlying
Steadfast Group Limited

Steadfast Group is engaged in the provision of services to Steadfast Network Brokers, the distribution of insurance policies via insurance brokerages and underwriting agencies, and related services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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