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Sun Life Financial Inc.TSX:SLF Stock Report

Market Cap CA$57.0b
Share Price
CA$102.68
CA$99.29
3.4% overvalued intrinsic discount
1Y15.3%
7D4.5%
1D
Portfolio Value
View

Sun Life Financial Inc.

TSX:SLF Stock Report

Market Cap: CA$57.0b

Sun Life Financial (SLF) Stock Overview

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. More details

SLF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance1/6
Financial Health4/6
Dividends5/6

SLF Community Fair Values

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See what 93 others think this stock is worth. Follow their fair value or set your own to get alerts.

Sun Life Financial Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Sun Life Financial
Historical stock prices
Current Share PriceCA$102.68
52 Week HighCA$103.61
52 Week LowCA$77.38
Beta0.83
1 Month Change7.13%
3 Month Change18.88%
1 Year Change15.34%
3 Year Change52.62%
5 Year Change61.65%
Change since IPO633.43%

Recent News & Updates

Narrative Update Jun 05

SLF: U.S. Turnaround And Buybacks Will Shape A Measured 2026 Outlook

Analysts have made a slight downward adjustment to the Sun Life Financial fair value estimate to CA$99.29, reflecting updated price targets that generally trend higher. This shift is supported by recent research citing improving expectations for the business and a modestly higher future P/E assumption.
Narrative Update May 12

SLF: U.S. Turnaround And Buybacks Will Drive Balanced 2026 Outcome

Analysts have nudged the Sun Life Financial fair value estimate higher to CA$99.43 from CA$96.57, reflecting recent CA$3 to CA$7 price target increases across several firms and updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent Street research on Sun Life Financial has been active, with several firms adjusting price targets in both directions and updating views on execution and valuation.

Recent updates

Narrative Update Jun 05

SLF: U.S. Turnaround And Buybacks Will Shape A Measured 2026 Outlook

Analysts have made a slight downward adjustment to the Sun Life Financial fair value estimate to CA$99.29, reflecting updated price targets that generally trend higher. This shift is supported by recent research citing improving expectations for the business and a modestly higher future P/E assumption.
Narrative Update May 12

SLF: U.S. Turnaround And Buybacks Will Drive Balanced 2026 Outcome

Analysts have nudged the Sun Life Financial fair value estimate higher to CA$99.43 from CA$96.57, reflecting recent CA$3 to CA$7 price target increases across several firms and updated views on revenue growth, margins, and future P/E assumptions. Analyst Commentary Recent Street research on Sun Life Financial has been active, with several firms adjusting price targets in both directions and updating views on execution and valuation.
Narrative Update Apr 28

SLF: U.S. Turnaround And Capital Returns Will Shape Balanced 2026 Outcome

The analyst price target for Sun Life Financial has been nudged higher to CA$96.57 from CA$95.93 as analysts factor in a series of target increases and upgrades tied to improving views on the U.S. business and recent research updates from several major brokerages. Analyst Commentary Recent research on Sun Life Financial has been active, with several firms adjusting price targets and views on the shares.
Narrative Update Apr 09

SLF: Capital Strength And Buybacks Will Support Balanced Execution Risk In 2026

Sun Life Financial's fair value estimate edges up to CA$95.93 from CA$95.79, mirroring a series of recent analyst price target increases across the Street that now cluster in the mid to high CA$90s and low CA$100s range. Analyst Commentary Recent Street research points to a generally constructive stance on Sun Life Financial, with several firms adjusting their price targets into the mid to high CA$90s and low CA$100s range.
Narrative Update Mar 26

SLF: Capital Strength And Buybacks Will Balance 2026 Sector Headwinds

Analysts have lifted Sun Life Financial's average price target into a CA$95 to CA$102 range, reflecting a series of upward revisions supported by recent research highlighting capital strength, cash flow and sector consolidation, along with one more cautious outlook. Analyst Commentary Recent Street research on Sun Life Financial points to a cluster of higher price targets, with one more cautious view anchoring the lower end of the range.
Narrative Update Mar 09

SLF: Capital Strength And Buybacks Will Support 2026 Execution Risks

Analysts have inched their fair value estimate for Sun Life Financial higher to CA$95.79 from CA$95.57. This reflects a series of mostly higher price targets across the Street as they factor in updated growth, profitability and P/E assumptions.
Narrative Update Feb 23

SLF: Capital Strength And Buybacks Will Balance 2026 Margin Headwinds

Analysts have lifted our Sun Life Financial fair value estimate to CA$95.57 from CA$92.79, reflecting a series of upward price target revisions across the Street that are supported by updated assumptions on the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent research updates show a cluster of higher price targets for Sun Life Financial around the mid to high C$90s, with a few outliers on both the bullish and cautious sides.
Narrative Update Feb 08

SLF: Capital Strength And Dry Powder Will Balance 2026 Margin Headwinds

Narrative Update The analyst price target for Sun Life Financial has edged higher to roughly C$92.79 from about C$92.43, as analysts adjust their fair value assumptions and P/E expectations following recent mixed target moves from Scotiabank, CIBC, and Barclays. These moves reflect differing views on capital strength, cash flow, and sector headwinds.
Narrative Update Jan 24

SLF: Dividends And Buybacks Will Offset 2026 Margin And Tech Headwinds

Analysts have inched their average price target for Sun Life Financial higher to about C$92.43 from C$91.50, reflecting a mix of cautious optimism on life insurers heading into 2026 and updated assumptions for fair value and future P/E multiples. Analyst Commentary Recent Street research on Sun Life Financial shows a mixed tone, with some firms edging price targets higher and others trimming them, while ratings cluster around Neutral and Sector Perform.
Narrative Update Jan 09

SLF: Dividends And Buybacks Will Steady Shares As Capital Pressures Persist

Narrative Update: Sun Life Financial The analyst price target for Sun Life Financial has edged up to about C$91.50 from roughly C$91.07, reflecting a mix of higher and lower Street targets as analysts weigh capital strength, cash flow and consolidation benefits, along with headwinds such as spread compression and rising technology investment. Analyst Commentary Recent Street research on Sun Life Financial shows a fairly balanced view, with some analysts modestly lifting their expectations while others trim targets or ratings as they reassess risk and reward going into 2026.
Narrative Update Dec 21

SLF: Dividend Strength And Buybacks Will Support Shares Amid Mixed Rate Outlook

Sun Life Financial's analyst price target has edged slightly higher to about $91.07 from $90.93, as analysts factor in modestly stronger long term fundamentals supported by resilient equity market tailwinds and sector wide reassessments, despite recent marginal target trims and rating normalization. Analyst Commentary Bullish analysts point to resilient sector fundamentals and supportive equity market conditions as key pillars underpinning Sun Life Financial's valuation, even as individual price targets shift only modestly.
Narrative Update Dec 07

SLF: Dividend Strength Will Support Shares Amid Modest Rate Cut Headwinds

Analysts have trimmed their average target on Sun Life Financial by roughly C$1 to reflect a more balanced risk reward outlook, citing modest sector tailwinds from higher equity markets, offset by headwinds from anticipated Fed cuts and company specific execution risks. Analyst Commentary Recent Street research reflects a more nuanced stance on Sun Life Financial, with price target revisions clustering in a narrow range and ratings centering around market perform equivalents.
Narrative Update Nov 23

SLF: Dividend Momentum And Sector Uncertainties Will Influence Shares In 2025

Analysts have slightly lowered their price targets for Sun Life Financial, reducing the consensus fair value by approximately C$0.07 to C$90.93. They cite more moderate revenue growth expectations and sector headwinds, despite ongoing solid profitability and shareholder returns.
Narrative Update Nov 05

SLF: Modest Share Buybacks And Sector Sentiment Shifts Will Shape 2025 Outlook

Analysts have modestly increased their fair value estimate for Sun Life Financial to $91.00. They highlight the company's ongoing profitability and resilience despite mixed sector sentiment and recent target price adjustments.
Narrative Update Oct 22

Analysts Cite Mixed Outlook for Sun Life Financial as Valuation and Profit Margins Improve

Analysts have modestly increased their fair value price target for Sun Life Financial to $90.14, up from $88.23. They cite ongoing sector tailwinds from higher equity markets as well as the company’s resilient profitability metrics.
Narrative Update Oct 08

Asian Markets And Digital Investments Will Drive Long Term Value

Sun Life Financial's analyst fair value estimate rose slightly to $88.23 from $87.17, as analysts cite support from resilient sector earnings and equity market strength despite some ongoing headwinds. Analyst Commentary Recent Street research on Sun Life Financial presents a mix of optimism regarding core fundamentals and caution toward market-specific risks.
Narrative Update Sep 04

Asian Markets And Digital Investments Will Drive Long Term Value

Analysts have slightly lowered their outlook on Sun Life Financial, citing weakness in the U.S. segment and asset management despite resilient profitability and stable fundamentals, resulting in the consensus price target remaining unchanged at CA$87.17. Analyst Commentary Recent Q2 results were generally in line with expectations, but showed weakness in the U.S. segment and Asset Management, leading to lowered price targets.
Analysis Article Jul 27

Sun Life Financial Inc. (TSE:SLF) Could Be Riskier Than It Looks

With a median price-to-earnings (or "P/E") ratio of close to 16x in Canada, you could be forgiven for feeling...
User avatar
New Narrative Nov 07

Digital Transformation And Tactical Acquisitions Propel Company Life Toward Dynamic Growth

Digital transformation and strategic acquisitions are expected to enhance efficiencies and earnings through improved client experiences and alternative investment strategies.

Shareholder Returns

SLFCA InsuranceCA Market
7D4.5%3.5%-0.7%
1Y15.3%19.8%30.5%

Return vs Industry: SLF underperformed the Canadian Insurance industry which returned 19.6% over the past year.

Return vs Market: SLF underperformed the Canadian Market which returned 30.5% over the past year.

Price Volatility

Is SLF's price volatile compared to industry and market?
SLF volatility
SLF Average Weekly Movement2.6%
Insurance Industry Average Movement3.4%
Market Average Movement10.0%
10% most volatile stocks in CA Market18.0%
10% least volatile stocks in CA Market3.8%

Stable Share Price: SLF has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: SLF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187132,151Kevin Strainwww.sunlife.com

Sun Life Financial Inc., a financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability. The company also provides investments products, such as mutual funds, segregated funds, annuities, and guaranteed investment products; financial planning services; and asset management products, including pooled funds, institutional portfolios and pension funds.

Sun Life Financial Inc. Fundamentals Summary

How do Sun Life Financial's earnings and revenue compare to its market cap?
SLF fundamental statistics
Market capCA$56.96b
Earnings (TTM)CA$3.01b
Revenue (TTM)CA$34.90b
18.9x
P/E Ratio
1.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SLF income statement (TTM)
RevenueCA$34.90b
Cost of RevenueCA$20.89b
Gross ProfitCA$14.01b
Other ExpensesCA$11.00b
EarningsCA$3.01b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 06, 2026

Earnings per share (EPS)5.43
Gross Margin40.14%
Net Profit Margin8.62%
Debt/Equity Ratio54.1%

How did SLF perform over the long term?

See historical performance and comparison

Dividends

3.6%
Current Dividend Yield
67%
Payout Ratio

Does SLF pay a reliable dividends?

See SLF dividend history and benchmarks
When do you need to buy SLF by to receive an upcoming dividend?
Sun Life Financial dividend dates
Ex Dividend DateMay 27 2026
Dividend Pay DateJun 30 2026
Days until Ex dividend13 days
Days until Dividend pay date21 days

Does SLF pay a reliable dividends?

See SLF dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 06:11
End of Day Share Price 2026/06/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sun Life Financial Inc. is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Jacob KilsteinArgus Research Company
Lemar PersaudATB Cormark Historical (Cormark Securities)