Suncor Energy
Suncor Energy Inc. operates as an integrated energy company. The last earnings update was 51 days ago. More info.
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SU Share Price and Events
7 Day Returns
1 Year Returns
SU Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Suncor Energy (SU) | 0.6% | -3.8% | 4.7% | -8.9% | 22.5% | 8.6% |
| CA Oil and Gas | 1% | 2.8% | 6.8% | -3.3% | -4.3% | -31.2% |
| CA Market | 1.2% | 2.4% | 7.9% | 4.1% | 15.3% | 7.4% |
1 Year Return vs Industry and Market
- SU underperformed the Oil and Gas industry which returned -3.3% over the past year.
- SU underperformed the Market in Canada which returned 4.1% over the past year.
Price Volatility
Related Companies
SU Value
Is Suncor Energy undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Suncor Energy
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Suncor Energy.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 11 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 1.03 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.032 (1 + (1- 26.5%) (24.72%)) |
1.147 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.15 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.147 * 5.96%) |
8.78% |
Discounted Cash Flow Calculation for TSX:SU using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Suncor Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 8.78%) |
|
|---|---|---|---|
| 2019 | 5,832.17 | Analyst x6 | 5,361.28 |
| 2020 | 6,130.57 | Analyst x7 | 5,180.57 |
| 2021 | 5,433.33 | Analyst x3 | 4,220.67 |
| 2022 | 5,643.00 | Analyst x1 | 4,029.62 |
| 2023 | 7,090.00 | Analyst x1 | 4,654.13 |
| 2024 | 7,383.88 | Est @ 4.15% | 4,455.70 |
| 2025 | 7,641.26 | Est @ 3.49% | 4,238.71 |
| 2026 | 7,872.33 | Est @ 3.02% | 4,014.31 |
| 2027 | 8,084.96 | Est @ 2.7% | 3,789.87 |
| 2028 | 8,285.04 | Est @ 2.47% | 3,570.09 |
| Present value of next 10 years cash flows | CA$43,514.96 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$8,285.04 × (1 + 1.95%) ÷ (8.78% – 1.95%) |
CA$123,554.65 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$123,554.65 ÷ (1 + 8.78%)10 |
CA$53,240.69 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$43,514.96 + CA$53,240.69 |
CA$96,755.65 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$96,755.65 / 1,577.73 |
CA$61.33 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$61.33 |
| Current discount | Discount to share price of
CA$44.48
= -1 x (CA$44.48 - CA$61.33) / CA$61.33 |
27.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Suncor Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Suncor Energy's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Suncor Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Suncor Energy's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CAD | CA$2.03 |
| TSX:SU Share Price ** | TSX (2019-04-18) in CAD | CA$44.48 |
| Canada Oil and Gas Industry PE Ratio | Median Figure of 67 Publicly-Listed Oil and Gas Companies | 15.34x |
| Canada Market PE Ratio | Median Figure of 556 Publicly-Listed Companies | 15.29x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Suncor Energy.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:SU Share Price ÷ EPS (both in CAD) = 44.48 ÷ 2.03 |
21.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Suncor Energy is overvalued based on earnings compared to the CA Oil and Gas industry average.
- Suncor Energy is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
Suncor Energy's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.92x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
20%per year |
| Canada Oil and Gas Industry PEG Ratio | Median Figure of 39 Publicly-Listed Oil and Gas Companies | 0.66x |
| Canada Market PEG Ratio | Median Figure of 257 Publicly-Listed Companies | 1.21x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.92x ÷ 20% |
1.09x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Suncor Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Suncor Energy's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CAD | CA$27.77 |
| TSX:SU Share Price * | TSX (2019-04-18) in CAD | CA$44.48 |
| Canada Oil and Gas Industry PB Ratio | Median Figure of 231 Publicly-Listed Oil and Gas Companies | 0.94x |
| Canada Market PB Ratio | Median Figure of 2,375 Publicly-Listed Companies | 1.52x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:SU Share Price ÷ Book Value per Share (both in CAD) = 44.48 ÷ 27.77 |
1.6x |
* Primary Listing of Suncor Energy.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Suncor Energy is overvalued based on assets compared to the CA Oil and Gas industry average.
Value checks
We assess Suncor Energy's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Suncor Energy has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
SU Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Suncor Energy's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
- Suncor Energy's earnings growth is expected to exceed the Canada market average.
- Suncor Energy's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:SU Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | 20% |
| TSX:SU Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | 1.2% |
| Canada Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 19.6% |
| Canada Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.4% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 18.2% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 39,407 | 1 | ||
| 2022-12-31 | 38,934 | 1 | ||
| 2021-12-31 | 40,646 | 11,935 | 5,839 | 3 |
| 2020-12-31 | 40,133 | 11,777 | 5,391 | 6 |
| 2019-12-31 | 38,010 | 10,871 | 4,014 | 6 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 38,542 | 10,580 | 3,293 |
| 2018-09-30 | 39,051 | 10,295 | 4,955 |
| 2018-06-30 | 36,167 | 8,837 | 4,432 |
| 2018-03-31 | 33,071 | 8,062 | 3,895 |
| 2017-12-31 | 31,954 | 8,966 | 4,458 |
| 2017-09-30 | 30,821 | 9,002 | 3,607 |
| 2017-06-30 | 30,267 | 8,069 | 2,710 |
| 2017-03-31 | 28,950 | 7,260 | 1,540 |
| 2016-12-31 | 26,807 | 5,680 | 434 |
| 2016-09-30 | 25,466 | 4,332 | -2,104 |
| 2016-06-30 | 25,542 | 5,124 | -2,872 |
| 2016-03-31 | 27,723 | 6,056 | -1,408 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
All data from Suncor Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 3.62 | 3.99 | 3.26 | 2.00 |
| 2020-12-31 | 3.55 | 4.05 | 2.99 | 5.00 |
| 2019-12-31 | 2.78 | 3.16 | 2.16 | 4.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.03 |
| 2018-09-30 | 3.03 |
| 2018-06-30 | 2.69 |
| 2018-03-31 | 2.36 |
| 2017-12-31 | 2.68 |
| 2017-09-30 | 2.17 |
| 2017-06-30 | 1.63 |
| 2017-03-31 | 0.93 |
| 2016-12-31 | 0.27 |
| 2016-09-30 | -1.35 |
| 2016-06-30 | -1.91 |
| 2016-03-31 | -0.96 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Suncor Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Suncor Energy has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
SU Past Performance
How has Suncor Energy performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Suncor Energy's year on year earnings growth rate has been positive over the past 5 years.
- Suncor Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Suncor Energy's 1-year earnings growth is negative, it can't be compared to the CA Oil and Gas industry average.
Earnings and Revenue History
All data from Suncor Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 38,542.00 | 3,293.00 | 10,751.00 | |
| 2018-09-30 | 39,051.00 | 4,955.00 | 10,511.00 | |
| 2018-06-30 | 36,167.00 | 4,432.00 | 10,108.00 | |
| 2018-03-31 | 33,071.00 | 3,895.00 | 9,714.00 | |
| 2017-12-31 | 31,954.00 | 4,458.00 | 9,350.00 | |
| 2017-09-30 | 30,821.00 | 3,607.00 | 9,495.00 | |
| 2017-06-30 | 30,267.00 | 2,710.00 | 9,623.00 | |
| 2017-03-31 | 28,950.00 | 1,540.00 | 9,426.00 | |
| 2016-12-31 | 26,807.00 | 434.00 | 9,469.00 | |
| 2016-09-30 | 25,466.00 | -2,104.00 | 9,165.00 | |
| 2016-06-30 | 25,542.00 | -2,872.00 | 8,881.00 | |
| 2016-03-31 | 27,723.00 | -1,408.00 | 9,046.00 | |
| 2015-12-31 | 29,208.00 | -1,995.00 | 9,137.00 | |
| 2015-09-30 | 31,608.00 | 96.00 | 9,194.00 | |
| 2015-06-30 | 34,298.00 | 1,391.00 | 9,442.00 | |
| 2015-03-31 | 36,649.00 | 873.00 | 9,860.00 | |
| 2014-12-31 | 39,862.00 | 2,699.00 | 9,963.00 | |
| 2014-09-30 | 40,777.00 | 3,058.00 | 10,220.00 | |
| 2014-06-30 | 40,890.00 | 3,833.00 | 10,227.00 | |
| 2014-03-31 | 40,092.00 | 4,302.00 | 10,029.00 | |
| 2013-12-31 | 39,593.00 | 3,911.00 | 9,852.00 | |
| 2013-09-30 | 39,175.00 | 2,894.00 | 9,522.00 | |
| 2013-06-30 | 38,375.00 | 2,744.00 | 9,544.00 | |
| 2013-03-31 | 38,311.00 | 2,388.00 | 9,257.00 | |
| 2012-12-31 | 38,107.00 | 2,740.00 | 9,345.00 | |
| 2012-09-30 | 38,617.00 | 4,741.00 | 9,474.00 | |
| 2012-06-30 | 39,364.00 | 4,484.00 | 8,966.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Suncor Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Suncor Energy used its assets less efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
- Suncor Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Suncor Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Suncor Energy has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
SU Health
How is Suncor Energy's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Suncor Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
- Suncor Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Suncor Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Suncor Energy Company Filings, last reported 3 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 44,005.00 | 17,350.00 | 2,221.00 |
| 2018-09-30 | 45,800.00 | 16,677.00 | 2,332.00 |
| 2018-06-30 | 45,543.00 | 18,146.00 | 1,983.00 |
| 2018-03-31 | 45,483.00 | 17,686.00 | 2,083.00 |
| 2017-12-31 | 45,383.00 | 15,579.00 | 2,672.00 |
| 2017-09-30 | 45,378.00 | 15,847.00 | 2,757.00 |
| 2017-06-30 | 44,887.00 | 16,132.00 | 2,352.00 |
| 2017-03-31 | 45,516.00 | 16,793.00 | 3,577.00 |
| 2016-12-31 | 44,630.00 | 17,430.00 | 3,016.00 |
| 2016-09-30 | 43,976.00 | 17,831.00 | 3,102.00 |
| 2016-06-30 | 44,453.00 | 17,553.00 | 3,008.00 |
| 2016-03-31 | 42,935.00 | 18,014.00 | 3,134.00 |
| 2015-12-31 | 39,039.00 | 15,303.00 | 4,049.00 |
| 2015-09-30 | 41,148.00 | 14,960.00 | 5,409.00 |
| 2015-06-30 | 41,615.00 | 14,126.00 | 4,892.00 |
| 2015-03-31 | 41,272.00 | 14,347.00 | 4,825.00 |
| 2014-12-31 | 41,603.00 | 13,329.00 | 5,495.00 |
| 2014-09-30 | 41,983.00 | 11,924.00 | 5,351.00 |
| 2014-06-30 | 41,886.00 | 11,474.00 | 4,932.00 |
| 2014-03-31 | 42,258.00 | 11,808.00 | 4,846.00 |
| 2013-12-31 | 41,180.00 | 11,458.00 | 5,202.00 |
| 2013-09-30 | 41,132.00 | 11,133.00 | 5,340.00 |
| 2013-06-30 | 40,243.00 | 11,644.00 | 4,530.00 |
| 2013-03-31 | 39,796.00 | 11,377.00 | 4,591.00 |
| 2012-12-31 | 39,215.00 | 11,024.00 | 4,385.00 |
| 2012-09-30 | 39,989.00 | 10,473.00 | 5,448.00 |
| 2012-06-30 | 39,192.00 | 10,790.00 | 5,166.00 |
- Suncor Energy's level of debt (39.4%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (27.8% vs 39.4% today).
- Debt is well covered by operating cash flow (61%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 8.7x coverage).
Financial health checks
We assess Suncor Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Suncor Energy has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
SU Dividends
What is Suncor Energy's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Suncor Energy
shares you are expected to receive
CA$76
in your first year as a dividend.
Dividend Amount
- Suncor Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).
- Suncor Energy's dividend is below the markets top 25% of dividend payers in Canada (5.56%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Canada Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 37 Stocks | 4.2% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.4% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 1.68 | 1.00 |
| 2021-12-31 | 1.83 | 8.00 |
| 2020-12-31 | 1.73 | 18.00 |
| 2019-12-31 | 1.65 | 19.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-05 | 1.680 | 3.783 |
| 2019-01-15 | 1.680 | 3.974 |
| 2018-11-15 | 1.440 | 3.533 |
| 2018-07-25 | 1.440 | 2.903 |
| 2018-05-01 | 1.440 | 2.753 |
| 2018-02-26 | 1.440 | 3.218 |
| 2018-02-08 | 1.440 | 3.363 |
| 2017-11-14 | 1.280 | 2.836 |
| 2017-07-26 | 1.280 | 3.062 |
| 2017-04-26 | 1.280 | 3.178 |
| 2017-02-08 | 1.280 | 3.099 |
| 2016-11-15 | 1.160 | 2.728 |
| 2016-07-27 | 1.160 | 3.158 |
| 2016-04-27 | 1.160 | 3.286 |
| 2016-02-03 | 1.160 | 3.376 |
| 2015-11-17 | 1.160 | 3.396 |
| 2015-07-29 | 1.160 | 3.199 |
| 2015-04-29 | 1.120 | 3.162 |
| 2015-02-05 | 1.120 | 2.950 |
| 2014-11-18 | 1.120 | 3.083 |
| 2014-07-31 | 1.120 | 2.741 |
| 2014-07-30 | 1.120 | 2.474 |
| 2014-04-28 | 0.920 | 2.093 |
| 2014-02-04 | 0.920 | 2.446 |
| 2014-02-03 | 0.920 | 2.605 |
| 2013-11-19 | 0.800 | 2.172 |
| 2013-08-01 | 0.778 | 2.145 |
| 2013-04-29 | 0.800 | 2.516 |
| 2013-02-06 | 0.520 | 1.700 |
| 2012-11-13 | 0.520 | 1.573 |
| 2012-07-25 | 0.520 | 1.602 |
| 2012-05-01 | 0.520 | 1.785 |
| 2012-02-02 | 0.440 | 1.330 |
| 2011-11-08 | 0.440 | 1.415 |
| 2011-07-26 | 0.440 | 1.449 |
| 2011-05-03 | 0.440 | 1.134 |
| 2011-02-02 | 0.400 | 0.928 |
| 2010-11-10 | 0.400 | 1.085 |
| 2010-07-27 | 0.400 | 1.190 |
| 2010-05-04 | 0.400 | 1.226 |
| 2010-02-05 | 0.400 | 1.229 |
| 2009-11-13 | 0.400 | 1.087 |
| 2009-08-04 | 0.400 | 1.096 |
| 2009-04-28 | 0.200 | 0.577 |
| 2009-04-21 | 0.200 | 0.665 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Suncor Energy's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.4x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
Income/ dividend checks
We assess Suncor Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Suncor Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Suncor Energy has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SU Management
CEO
| COMPENSATION | CA$14,789,407 |
| AGE | 62 |
| TENURE AS CEO | 6.9 years |
CEO Bio
Mr. Steven W. Williams, also known as Steve, has been the Chief Executive Officer at Suncor Energy, Inc. since May 1, 2012 and served as its President from December 1, 2011 to November 14, 2018. Mr. Williams is responsible for Operational Excellence in Suncor Energy Inc. and ensuring that a commitment to safe and sustainable development continues to be a Suncor hallmark. He serves as an Executive Director at Innospec Inc. and WilTel Communications Group Inc. Mr. Williams has more than 39 years of international energy industry experience, including 18 years at Esso/Exxon. He has expertise in the energy sector, both on the operational and financial side. Mr. Williams has decades of experience in leadership positions at large, publicly-traded energy companies, both on the operational and financial side. He has extensive experience with business leadership organizations and advising government organizations regarding businesses and the economy. He served as the Chief Operating Officer of Suncor Energy Inc. from March 5, 2007 to May 1, 2012. He served as the Chief Financial Officer and Executive Vice President of Corporate Development at Suncor Energy Inc. from 2002 to May 30, 2003. He served as an Executive Vice President of Oil Sands and Chief Operating Officer at Suncor Energy Inc. from 2003 to 2007. He joined Suncor Energy Inc. in May 2002. He held various executive positions with Octel Corporation, a global chemicals company. Prior to joining Octel Corporation in 1995, he held executive positions with Esso Petroleum Company Limited, an affiliate of Exxon, where he served for 18 years. He has been an Independent Director of Alcoa Corporation since November 1, 2016. Mr. Williams has been a Non Independent Director of Suncor Energy Inc. since December 1, 2011. In 2005 he was appointed to the National Roundtable on the Environment and the Economy by the Prime Minister of Canada. He is one of 12 founding CEOs of Canada’s Oil Sands Innovation Alliance (COSIA), a member of the advisory board of Canada’s Ecofiscal Commission and a member of the Board of the Business Council of Canada. He is a member of the Institute of Directors. . He is an active supporter of not-for-profit organizations. Mr. Williams has long been an advocate for sustainable development in the energy industry and is a leader in conversations that connect the environment and economy. He is a fellow of the Institution of Chemical Engineers. He is a member of the Institute of Corporate Directors and the National Association of Corporate Directors. Mr. Williams holds a Bachelor of Science degree in chemical engineering from Exeter University and is a graduate of the advanced management program at Harvard Business School as well as the business economics program at Oxford University.
CEO Compensation
- Steve's compensation has been consistent with company performance over the past year.
- Steve's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure of the Suncor Energy management team in years:
- The average tenure for the Suncor Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Steve Williams
CEO & Director
CA$15M
62
6.9 yrs
Mark Little
COO & President
CA$11M
55
0.4 yrs
Alister Cowan
Executive VP & CFO
CA$5M
4.8 yrs
Mike MacSween
Executive Vice President of Upstream
CA$4M
Steve Reynish
Executive Vice President of Strategy & Operations Services
CA$5M
Trevor Bell
Vice President of Investor Relations
Arlene Strom
Senior VP
Paul Gardner
Senior Vice President of Human Resources
7.3 yrs
Eric Axford
Executive VP & Chief Sustainability Officer
7.3 yrs
Kris Smith
Executive Vice President of Downstream
Board of Directors Tenure
Average tenure and age of the Suncor Energy board of directors in years:
- The tenure for the Suncor Energy board of directors is about average.
Board of Directors
Mike Wilson
Chairman
CA$546K
66
2 yrs
Steve Williams
CEO & Director
CA$15M
62
7.3 yrs
Eira Thomas
Independent Director
CA$322K
49
13 yrs
Dominic D'Alessandro
Independent Director
CA$323K
70
9.4 yrs
John Gass
Independent Director
CA$326K
66
5.2 yrs
Patty Bedient
Independent Director
CA$337K
64
3.2 yrs
Mel Benson
Independent Director
CA$311K
69
19 yrs
Maureen McCaw
Independent Director
CA$320K
63
15 yrs
Denny Houston
Director
CA$528K
67
1.3 yrs
Brian MacDonald
Director
CA$407K
52
0.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22. Dec 18 | Buy | Dennis Houston | Individual | 21. Dec 18 | 21. Dec 18 | 8,000 | CA$37.17 | CA$297,010 | ||
| 22. Dec 18 | Buy | Alister Cowan | Individual | 21. Dec 18 | 21. Dec 18 | 41,100 | CA$36.53 | CA$1,501,383 | ||
| 22. Dec 18 | Buy | Steven Williams | Individual | 21. Dec 18 | 21. Dec 18 | 54,000 | CA$36.86 | CA$1,990,440 | ||
| 29. Jun 18 | Buy | Mark Little | Individual | 28. Jun 18 | 28. Jun 18 | 880 | CA$53.00 | CA$46,626 | ||
Management checks
We assess Suncor Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Suncor Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
SU News
Simply Wall St News
Suncor Energy Inc. (TSE:SU): Financial Strength Analysis
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Suncor Energy Inc. … These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates. … Using the most recent data for SU, I will determine its financial status based on its solvency and liquidity, and assess whether the stock is a safe investment.
Simply Wall St - – Full articleIs Suncor Energy Inc.'s (TSE:SU) CEO Pay Fair?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Steve Williams's Compensation Compare With Similar Sized Companies. … is worth CA$70b, and total annual CEO compensation is CA$15m.
Simply Wall St - – Full articleShould You Take Comfort From Insider Transactions At Suncor Energy Inc. (TSE:SU)?
So before you buy or sell Suncor Energy Inc. … The Last 12 Months Of Insider Transactions At Suncor Energy. … In any event it's generally a positive if insiders are buying shares at around the current price.
Simply Wall St - – Full articleShould Suncor Energy Inc. (TSE:SU) Be Part Of Your Dividend Portfolio?
The company currently pays out a dividend yield of 3.6% to shareholders, making it a relatively attractive dividend stock. … Let's take a look at Suncor Energy in more detail. … View our latest analysis for Suncor Energy
Simply Wall St - – Full articleDon't Sell Suncor Energy Inc. (TSE:SU) Before You Read This
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Suncor Energy Inc.'s (TSE:SU) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Can We Make Of Suncor Energy Inc.’s (TSE:SU) High Return On Capital?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleDoes Suncor Energy Inc's (TSE:SU) CEO Salary Reflect Performance?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Steve Williams's Compensation Compare With Similar Sized Companies. … Our data indicates that Suncor Energy Inc is worth CA$69b, and total annual CEO compensation is CA$15m.
Simply Wall St - – Full articleHow Much Of Suncor Energy Inc (TSE:SU) Do Institutions Own?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of CA$71.3b, Suncor Energy is rather large. … Companies of this size are usually well known to retail investors, too.
Simply Wall St - – Full articleWhat Should We Expect From Suncor Energy Inc's (TSE:SU) Earnings In The Year Ahead?
In June 2018, Suncor Energy Inc (TSE:SU) released its earnings update. … as a 36% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of -3.4%
Simply Wall St - – Full articleIs Suncor Energy Inc (TSE:SU) A Smart Choice For Dividend Investors?
Over the past 10 years Suncor Energy Inc (TSE:SU) has been paying dividends to shareholders. … Let's dig deeper into whether Suncor Energy should have a place in your portfolio. … See our latest analysis for Suncor Energy
Simply Wall St - – Full articleSU Company Info
Description
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading and Eliminations segments. The Oil Sands segment recovers bitumen from mining and in situ operations, and upgrades it into refinery feedstock and diesel fuel, or blends the bitumen with diluent for direct sale to market. The Exploration and Production segment is involved in offshore operations off the east coast of Canada and in the North Sea; and operating onshore assets in Libya and Syria. The Refining and Marketing segment refines crude oil and intermediate feedstock into various petroleum and petrochemical products; and markets refined petroleum products to retail, commercial, and industrial customers through its dealers, sales channel, other retail stations, and wholesale customers. The Corporate, Energy Trading and Eliminations segment operates wind power facilities located in Alberta, Saskatchewan, and Ontario; and engages in marketing, supply, and trading of crude oil, natural gas, power, and byproducts. The company was formerly known as Suncor Inc. and changed its name to Suncor Energy Inc. in April 1997. Suncor Energy Inc. was founded in 1953 and is headquartered in Calgary, Canada.
Details
| Name: | Suncor Energy Inc. |
| SU | |
| Exchange: | TSX |
| Founded: | 1953 |
| CA$70,177,214,983 | |
| 1,577,725,157 | |
| Website: | http://www.suncor.com |
| Address: |
Suncor Energy Inc. 150 - 6th Avenue SW, PO Box 2844, Calgary, Alberta, T2P 3E3, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | SU | New Common Shares | The Toronto Stock Exchange | CA | CAD | 18. Mar 1993 | |
| NYSE | SU | New Common Shares | New York Stock Exchange | US | USD | 18. Mar 1993 | |
| DB | SM3 | New Common Shares | Deutsche Boerse AG | DE | EUR | 18. Mar 1993 | |
| SWX | SU | New Common Shares | SIX Swiss Exchange | CH | CHF | 18. Mar 1993 | |
| BMV | SUU N | New Common Shares | Bolsa Mexicana de Valores | MX | MXN | 18. Mar 1993 |
Number of employees
Current staff
Industry
| Integrated Oil and Gas | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/20 00:10 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/02/28 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
