Steadfast issues 9,139 awards while a Hold rating covers Steadfast stock

Published on 10/07/2026 at 02:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

A Hold rating covers Steadfast stock at an AUD 5.90 target. FY 2026 revenue rose 15.3 percent to AUD 2.1 billion, while underlying EBITA reached AUD 669.8 million.

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Steadfast Group issued 9,139 unquoted securities under its SDFAM employee incentive plan on September 25, 2026, as The Globe and Mail reported on October 5, 2026. The same report cited a Hold rating and an AUD 5.90 price target for Steadfast stock.

Employee awards add a governance signal

The securities are not intended for ASX quotation, but the disclosure gives investors a precise view of the company's equity-based remuneration. A separate October 5 report said CEO Robert Bernard Kelly received 1,869 additional deferred equity awards at no cost, reflecting dividends accrued on existing awards, according to The Globe and Mail.

FY 2026 earnings set the benchmark

Steadfast reported FY 2026 revenue of AUD 2.1 billion, up 15.3 percent, while underlying EBITA increased 13.8 percent to AUD 669.8 million, according to its FY 2026 earnings call published by Yahoo Finance. Underlying NPAT rose 8.2 percent to AUD 319.5 million, while diluted earnings per share increased 7.7 percent to AUD 0.288.

The call also set FY 2027 underlying EBITA guidance at AUD 700 million to AUD 715 million. That range places operating execution alongside the takeover timetable as the main numerical reference for the company.

Takeover terms frame the valuation

Steadfast said in the August 26, 2026 earnings call that a consortium backed by Amwins, Dragoneer and KKR had agreed to acquire all issued shares for AUD 6.00 per share, less permitted dividends. The consideration represented a 51.9 percent premium to the AUD 3.95 closing share price on June 9, 2026, and implementation was targeted for December 2026, subject to conditions, according to Yahoo Finance.

The Lang & Schwarz prior close was EUR 3.57 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Steadfast stock.