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SFGLF (Steadfast Group) EBIT : $292.2 Mil (TTM As of Jun. 2024)


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What is Steadfast Group EBIT?

Steadfast Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was $164.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was $292.2 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Steadfast Group's annualized ROC % for the quarter that ended in Jun. 2024 was 11.53%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Steadfast Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 7.17%.


Steadfast Group EBIT Historical Data

The historical data trend for Steadfast Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Steadfast Group EBIT Chart

Steadfast Group Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.54 186.39 208.86 247.38 291.17

Steadfast Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 89.74 115.45 132.55 127.31 164.87

Competitive Comparison of Steadfast Group's EBIT

For the Insurance Brokers subindustry, Steadfast Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Steadfast Group's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Steadfast Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Steadfast Group's EV-to-EBIT falls into.



Steadfast Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $292.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Steadfast Group  (OTCPK:SFGLF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Steadfast Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=329.748 * ( 1 - 28.82% )/( (2062.30915 + 2008.06775)/ 2 )
=234.7146264/2035.18845
=11.53 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=3741.098 - 861.58 - ( 835.743 - 5% * 370.683 )
=2062.30915

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=3788.712 - 921.381 - ( 880.744 - 5% * 429.615 )
=2008.06775

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Steadfast Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=292.183/4076.686
=7.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Steadfast Group EBIT Related Terms

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Steadfast Group Business Description

Traded in Other Exchanges
Address
99 Bathurst Street, Level 4, Sydney, NSW, AUS, 2000
Steadfast Group is the largest general insurance broker network in Australia and New Zealand, with almost 420 brokers and around 1,900 offices in Australia, New Zealand, Singapore, and London. Steadfast operates as both a broker and a consolidator via equity interests in insurance broker businesses, generating over AUD 13 billion of network broker gross written premium annually. Steadfast also co-owns and consolidates underwriting agencies and other complementary businesses.

Steadfast Group Headlines

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