Suncorp Group Future Growth

Future criteria checks 1/6

Suncorp Group is forecast to grow earnings and revenue by 5.5% and 2.7% per annum respectively. EPS is expected to grow by 7.6% per annum. Return on equity is forecast to be 11.4% in 3 years.

Key information

5.5%

Earnings growth rate

7.6%

EPS growth rate

Insurance earnings growth	8.1%
Revenue growth rate	2.7%
Future return on equity	11.4%
Analyst coverage	Good
Last updated	13 Sep 2024

Recent future growth updates

Recent updates

Should You Be Adding Suncorp Group (ASX:SUN) To Your Watchlist Today?

Jun 18

Suncorp Group Limited's (ASX:SUN) Shares Lagging The Market But So Is The Business

May 22

If EPS Growth Is Important To You, Suncorp Group (ASX:SUN) Presents An Opportunity

Feb 29

Is Now The Time To Put Suncorp Group (ASX:SUN) On Your Watchlist?

Oct 15

Why We Think Shareholders May Be Considering Bumping Up Suncorp Group Limited's (ASX:SUN) CEO Compensation

Sep 19

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

Aug 11

Should You Buy Suncorp Group Limited (ASX:SUN) For Its Dividend?

Apr 06

Should You Be Worried About Suncorp Group Limited's (ASX:SUN) 6.0% Return On Equity?

Mar 10

Don't Buy Suncorp Group Limited (ASX:SUN) For Its Next Dividend Without Doing These Checks

Feb 12

Suncorp Group's(ASX:SUN) Share Price Is Down 26% Over The Past Three Years.

Jan 19

Should You Buy Suncorp Group Limited (ASX:SUN) For Its Dividend?

Dec 20

Earnings and Revenue Growth Forecasts

ASX:SUN - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	14,152	1,287	1,213	1,213	4
6/30/2026	13,659	1,266	1,189	1,189	5
6/30/2025	12,974	1,343	1,138	1,138	5
6/30/2024	13,147	939	2,497	2,497	N/A
12/31/2023	20,072	1,178	-1,549	-1,549	N/A
9/30/2023	19,213	1,163	-403	-403	N/A
6/30/2023	12,739	692	875	875	N/A
3/31/2023	16,169	993	1,350	1,350	N/A
12/31/2022	15,073	845	1,962	1,962	N/A
9/30/2022	15,032	763	2,224	2,224	N/A
6/30/2022	14,990	681	2,485	2,485	N/A
3/31/2022	14,457	806	N/A	N/A	N/A
12/31/2021	13,923	931	3,814	3,814	N/A
9/30/2021	14,055	982	4,079	4,079	N/A
6/30/2021	14,187	1,033	4,344	4,344	N/A
12/31/2020	15,107	769	3,713	3,713	N/A
9/30/2020	14,938	698	3,557	3,557	N/A
6/30/2020	14,769	627	3,400	3,400	N/A
12/31/2019	15,187	1,027	3,838	3,838	N/A
9/30/2019	15,374	1,041	2,840	2,840	N/A
6/30/2019	15,560	1,054	1,842	1,842	N/A
12/31/2018	14,375	931	84	84	N/A
9/30/2018	14,283	944	-897	-897	N/A
6/30/2018	14,190	956	-1,879	-1,879	N/A
3/31/2018	15,107	947	N/A	-2,276	N/A
12/31/2017	16,024	938	N/A	-2,674	N/A
9/30/2017	16,710	1,007	N/A	-1,239	N/A
6/30/2017	17,395	1,075	N/A	195	N/A
3/31/2017	16,816	1,060	N/A	-174	N/A
12/31/2016	16,236	1,045	N/A	-543	N/A
9/30/2016	15,782	1,042	N/A	-1,637	N/A
6/30/2016	15,327	1,038	N/A	-2,732	N/A
3/31/2016	15,625	1,035	N/A	-2,129	N/A
12/31/2015	15,922	1,032	N/A	-1,527	N/A
9/30/2015	16,322	1,083	N/A	-984	N/A
6/30/2015	16,722	1,133	N/A	-441	N/A
3/31/2015	16,645	973	N/A	-79	N/A
12/31/2014	16,567	813	N/A	283	N/A
9/30/2014	16,462	772	N/A	985	N/A
6/30/2014	16,357	730	N/A	1,687	N/A
3/31/2014	16,277	598	N/A	3,594	N/A
12/31/2013	16,196	465	N/A	5,501	N/A
9/30/2013	16,191	478	N/A	4,708	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUN's forecast earnings growth (5.5% per year) is above the savings rate (2.4%).

Earnings vs Market: SUN's earnings (5.5% per year) are forecast to grow slower than the Australian market (12.3% per year).

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

Revenue vs Market: SUN's revenue (2.7% per year) is forecast to grow slower than the Australian market (5.3% per year).

High Growth Revenue: SUN's revenue (2.7% per year) is forecast to grow slower than 20% 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 (11.4%).

Suncorp Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 7.0% to AU$16.38

Consensus forecasts updated

Price target increased to AU$12.89

Price target increased to AU$12.81

Recent updates

Group CEO exercised options to buy AU$4.3m worth of stock.

Suncorp Group Limited Announces Ordinary Dividend for Period Ended June 30, 2024, Payable on September 25, 2024

Final dividend of AU$0.44 announced

Full year 2024 earnings released: EPS: AU$0.74 (vs AU$0.91 in FY 2023)

Suncorp Group Limited Announces Leadership Changes

Australia and New Zealand Banking Group Limited (ASX:ANZ) completed the acquisition of SBGH Ltd. from Suncorp Group Limited (ASX:SUN).

Should You Be Adding Suncorp Group (ASX:SUN) To Your Watchlist Today?

Suncorp Group Limited, Annual General Meeting, Oct 22, 2024

Suncorp Group Limited's (ASX:SUN) Shares Lagging The Market But So Is The Business

Resolution Life NOHC Pty Limited signed a share sale and purchase agreement to acquire Asteron Life Limited from Suncorp Group Limited (ASX:SUN) for NZD 410 million.

If EPS Growth Is Important To You, Suncorp Group (ASX:SUN) Presents An Opportunity

First half 2024 earnings: EPS misses analyst expectations

Price target increased by 7.0% to AU$16.38

Suncorp Group Limited to Report Fiscal Year 2024 Results on Aug 01, 2024

Suncorp Group Limited Announces Ordinary Dividend on SUNPI - CAP NOTE 3-BBSW+2.90% PERP NON-CUM RED T-06-28 for the Quarter Ending March 17, 2024, Payable on March 18, 2024

Suncorp Group Limited Announces Board Changes

Suncorp Group Limited Announces Executive Changes

Is Now The Time To Put Suncorp Group (ASX:SUN) On Your Watchlist?

Suncorp Group Announces Departure of Suncorp Bank CEO, Clive Van Horen on December 24, 2023

Why We Think Shareholders May Be Considering Bumping Up Suncorp Group Limited's (ASX:SUN) CEO Compensation

Group CEO exercised options to buy AU$1.2m worth of stock.

Suncorp Group Limited Announces Ordinary Dividend for the Six Months Ended June 30 2023 Payable on 25 September 2023

Suncorp Group Limited Announces Fully Franked Full Year Ordinary Dividend

Full year 2023 earnings released: EPS: AU$0.91 (vs AU$0.54 in FY 2022)

Suncorp Group Limited Announces Ordinary Dividend for the Quarter Ending September 17, 2023, Payable on September 18, 2023

Suncorp Group Limited Announces Dividend for Six Months Ended December 31, 2022, Payable on March 31, 2023

First half 2023 earnings released: EPS: AU$0.44 (vs AU$0.30 in 1H 2022)

Insufficient new directors

Suncorp Reportedly Eyes Zurich Local Arm

Suncorp Group Limited, Annual General Meeting, Sep 26, 2023

Now 20% undervalued after recent price drop

Independent Non-Executive Director recently bought AU$250k worth of stock

Suncorp Group Limited Declares Distribution on SUNPG - CAP NOTE 3-BBSW+3.65% PERP NON-CUM RED T-06-24, Payable on December 18, 2022

Independent Non-Executive Director recently bought AU$55k worth of stock

Group CEO exercised options to buy AU$709k worth of stock.

Now 22% undervalued after recent price drop

Suncorp Group Limited Announces Dividend for Six Months Ended June 30, 2022, Payable on September 21, 2022

Full year 2022 earnings released: EPS: AU$0.54 (vs AU$0.81 in FY 2021)

Australia and New Zealand Banking Group Limited (ASX:ANZ) signed a share sale and purchase agreement to acquire SBGH Ltd. from Suncorp Group Limited (ASX:SUN) for AUD 4.9 billion.

Now 23% undervalued after recent price drop

Australia and New Zealand Banking Group Limited (ASX:ANZ) signed a share sale and purchase agreement to acquire SBGH Ltd. from Suncorp Group Limited (ASX:SUN) for AUD 4.9 billion.

Australia and New Zealand Banking Group Limited (ASX:ANZ) signed a share sale and purchase agreement to acquire SBGH Ltd. from Suncorp Group Limited (ASX:SUN) for AUD 4.9 billion.

Consensus forecasts updated

Suncorp Bank Put Up for Sale

Suncorp Group Limited Announces Ordinary Dividend on SUNPI - CAP NOTE 3-BBSW+2.90% PERP NON-CUM RED T-06-28 for the Quarter Ending September 18, 2022, Payable on September 19, 2022

Suncorp Group Reportedly Weighing Sale of Its New Zealand Life Insurance Business

First half 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Suncorp Group Limited Announces Fully Franked Interim Dividend for the Period Ending 31 December 2021, Payable on April 1, 2022

High number of new directors

Price target increased to AU$12.89

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

Price target increased to AU$12.81

Full year 2021 earnings released: EPS AU$0.81 (vs AU$0.49 in FY 2020)

Suncorp Group Limited Declares Fully Franked Special Dividend

The Royal Automobile Club of Tasmania Limited entered into a binding agreement to acquire remaining 50% interest in RACT Insurance Pty Ltd from Suncorp Group Limited (ASX:SUN) for AUD 83.75 million.

Race for CBA Insurance Unit Reportedly Nears Finish Line

LGIAsuper entered into an agreement to acquire Suncorp Portfolio Services Ltd. from Suncorp Group Limited (ASX:SUN) for AUD 45 million.

Should You Buy Suncorp Group Limited (ASX:SUN) For Its Dividend?

Suncorp Group Limited Announces Distribution on SUNPF - CAP NOTE 3-BBSW+4.10% PERP NON-CUM RED T-06-22 Securities for the Quarter Ending June 16, 2021, Payable on June 17, 2021

Should You Be Worried About Suncorp Group Limited's (ASX:SUN) 6.0% Return On Equity?

New 90-day low: AU$9.73

Don't Buy Suncorp Group Limited (ASX:SUN) For Its Next Dividend Without Doing These Checks

First half 2021 earnings released: EPS AU$0.38 (vs AU$0.27 in 1H 2020)

Suncorp Group's(ASX:SUN) Share Price Is Down 26% Over The Past Three Years.

New 90-day high: AU$10.25

Suncorp Group Limited to Report Fiscal Year 2021 Results on Aug 09, 2021

Should You Buy Suncorp Group Limited (ASX:SUN) For Its Dividend?

Suncorp Provides Update in Relation to the NSW Court of Appeal's Decision on the Insurance Council of Australia's Business Interruption Industry Test Case on Behalf of Insurers

New 90-day high: AU$9.73

Market bids up stock over the past week

Independent Non-Executive Director recently bought AU$102k worth of stock