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SUN

Suncorp GroupASX:SUN Stock Report

Last Price

AU$10.98

Market Cap

AU$13.9b

7D

-6.1%

1Y

4.7%

Updated

26 Jan, 2022

Data

Company Financials +
SUN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends5/6

SUN Stock Overview

Suncorp Group Limited provides insurance, banking, and wealth products and services to retail, corporate, and commercial sectors in Australia and New Zealand.

Suncorp Group Competitors

QBE Insurance Group

ASX:QBE

AU$16.3b

Insurance Australia Group

ASX:IAG

AU$10.5b

JPMorgan Chase

NYSE:JPM

US$431.4b

Bank of America

NYSE:BAC

US$367.0b

Price History & Performance

Summary of all time highs, changes and price drops for Suncorp Group
Historical stock prices
Current Share PriceAU$10.98
52 Week HighAU$13.26
52 Week LowAU$9.67
Beta0.87
1 Month Change-0.72%
3 Month Change-8.65%
1 Year Change4.67%
3 Year Change-17.99%
5 Year Change-19.11%
Change since IPO310.06%

Recent News & Updates

Aug 11
Analysts' Revenue Estimates For Suncorp Group Limited (ASX:SUN) Are Surging Higher

Analysts' Revenue Estimates For Suncorp Group Limited (ASX:SUN) Are Surging Higher

Suncorp Group Limited ( ASX:SUN ) shareholders will have a reason to smile today, with the analysts making substantial...

Shareholder Returns

SUNAU InsuranceAU Market
7D-6.1%-6.7%-5.4%
1Y4.7%10.1%2.6%

Return vs Industry: SUN underperformed the Australian Insurance industry which returned 10.1% over the past year.

Return vs Market: SUN exceeded the Australian Market which returned 2.6% over the past year.

Price Volatility

Is SUN's price volatile compared to industry and market?
SUN volatility
SUN Average Weekly Movement3.1%
Insurance Industry Average Movement3.6%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: SUN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
190213,505Steve Johnstonhttps://www.suncorpgroup.com.au

Suncorp Group Limited provides insurance, banking, and wealth products and services to retail, corporate, and commercial sectors in Australia and New Zealand. It operates through three segments: Insurance, Banking & Wealth, and Suncorp New Zealand segments. The Insurance segment designs, manufactures, and delivers general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers’ compensation, and compulsory third party products.

Suncorp Group Fundamentals Summary

How do Suncorp Group's earnings and revenue compare to its market cap?
SUN fundamental statistics
Market CapAU$13.86b
Earnings (TTM)AU$1.03b
Revenue (TTM)AU$14.19b

13.4x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SUN income statement (TTM)
RevenueAU$14.19b
Cost of RevenueAU$9.74b
Gross ProfitAU$4.45b
ExpensesAU$3.41b
EarningsAU$1.03b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 08, 2022

Earnings per share (EPS)0.82
Gross Margin31.33%
Net Profit Margin7.28%
Debt/Equity Ratio160.1%

How did SUN perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

82%

Payout Ratio

Valuation

Is Suncorp Group undervalued compared to its fair value and its price relative to the market?

13.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SUN (A$10.98) is trading above our estimate of fair value (A$10.57)

Significantly Below Fair Value: SUN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SUN is good value based on its PE Ratio (13.4x) compared to the Australian Insurance industry average (28.3x).

PE vs Market: SUN is good value based on its PE Ratio (13.4x) compared to the Australian market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: SUN is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: SUN is good value based on its PB Ratio (1x) compared to the AU Insurance industry average (3.8x).


Future Growth

How is Suncorp Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUN's forecast earnings growth (6.4% per year) is above the savings rate (1.9%).

Earnings vs Market: SUN's earnings (6.4% per year) are forecast to grow slower than the Australian market (10.8% per year).

High Growth Earnings: SUN's earnings are forecast to grow, but not significantly.

Revenue vs Market: SUN's revenue is expected to decline over the next 3 years (-4.5% per year).

High Growth Revenue: SUN's revenue is forecast to decline over the next 3 years (-4.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SUN's Return on Equity is forecast to be low in 3 years time (8.7%).


Past Performance

How has Suncorp Group performed over the past 5 years?

-4.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUN has high quality earnings.

Growing Profit Margin: SUN's current net profit margins (7.3%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: SUN's earnings have declined by 4.6% per year over the past 5 years.

Accelerating Growth: SUN's earnings growth over the past year (64.8%) exceeds its 5-year average (-4.6% per year).

Earnings vs Industry: SUN earnings growth over the past year (64.8%) exceeded the Insurance industry 57.5%.


Return on Equity

High ROE: SUN's Return on Equity (7.8%) is considered low.


Financial Health

How is Suncorp Group's financial position?


Financial Position Analysis

Short Term Liabilities: SUN's short term assets (A$10.6B) do not cover its short term liabilities (A$59.1B).

Long Term Liabilities: SUN's short term assets (A$10.6B) do not cover its long term liabilities (A$24.3B).


Debt to Equity History and Analysis

Debt Level: SUN's net debt to equity ratio (126.6%) is considered high.

Reducing Debt: SUN's debt to equity ratio has reduced from 182% to 160.1% over the past 5 years.

Debt Coverage: SUN's debt is well covered by operating cash flow (20.2%).

Interest Coverage: SUN's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Dividend

What is Suncorp Group current dividend yield, its reliability and sustainability?

6.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SUN's dividend (6.01%) is higher than the bottom 25% of dividend payers in the Australian market (2.36%).

High Dividend: SUN's dividend (6.01%) is in the top 25% of dividend payers in the Australian market (5.62%)


Stability and Growth of Payments

Stable Dividend: SUN's dividend payments have been volatile in the past 10 years.

Growing Dividend: SUN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (81.6%), SUN's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SUN's dividends in 3 years are forecast to be covered by earnings (80.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Steve Johnston (54 yo)

2.67yrs

Tenure

AU$4,239,000

Compensation

Mr. Steve B. Johnston, B.Bus (Management), B.Bus (Public Administration), serves as Director at Insurance Council of Australia since August 2021. He has been an Executive Director of Asteron Life Limited s...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD3.03M) is about average for companies of similar size in the Australian market ($USD3.92M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SUN's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: SUN's board of directors are considered experienced (3.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Suncorp Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Suncorp Group Limited
  • Ticker: SUN
  • Exchange: ASX
  • Founded: 1902
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: AU$13.863b
  • Shares outstanding: 1.26b
  • Website: https://www.suncorpgroup.com.au

Number of Employees


Location

  • Suncorp Group Limited
  • Level 23
  • 80 Ann Street
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 07:03
End of Day Share Price2022/01/25 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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 here.