Sun Life Financial Inc.

PSE:SLF Stock Report

Market Cap: ₱2.1t

Sun Life Financial Valuation

Is SLF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SLF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SLF (₱3500) is trading below our estimate of fair value (₱6793.02)

Significantly Below Fair Value: SLF is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SLF?

Key metric: As SLF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SLF. This is calculated by dividing SLF's market cap by their current earnings.
What is SLF's PE Ratio?
PE Ratio13.7x
EarningsCA$3.56b
Market CapCA$48.96b

Price to Earnings Ratio vs Peers

How does SLF's PE Ratio compare to its peers?

The above table shows the PE ratio for SLF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.9x
6178 Japan Post Holdings
13x7.7%JP¥4.6t
PRU Prudential Financial
11.1x6.8%US$44.2b
2881 Fubon Financial Holding
12.1x0.07%NT$1.2t
2882 Cathay Financial Holding
11.5x2.2%NT$977.0b
SLF Sun Life Financial
13.7x6.8%₱49.0b

Price-To-Earnings vs Peers: SLF is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (11.9x).

Price to Earnings Ratio vs Industry

How does SLF's PE Ratio compare vs other companies in the Asian Insurance Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SLF 13.7xIndustry Avg. 11.0xNo. of Companies46PE0816243240+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SLF is expensive based on its Price-To-Earnings Ratio (13.7x) compared to the Asian Insurance industry average (11x).

Price to Earnings Ratio vs Fair Ratio

What is SLF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SLF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SLF's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SLF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₱3,500.00
₱3,615.85
+3.3%
9.1%₱4,021.91₱2,765.06n/a13
Nov ’25₱3,000.00
₱3,370.31
+12.3%
7.5%₱3,771.39₱2,765.69n/a14
Oct ’25₱3,090.00
₱3,143.13
+1.7%
5.1%₱3,381.69₱2,755.45n/a14
Sep ’25₱2,850.00
₱3,124.70
+9.6%
5.3%₱3,364.32₱2,741.30n/a13
Aug ’25₱2,800.00
₱3,162.39
+12.9%
4.8%₱3,383.63₱2,791.49n/a13
Jul ’25₱2,650.00
₱3,172.39
+19.7%
5.7%₱3,510.78₱2,791.70n/a13
Jun ’25₱2,900.00
₱3,172.39
+9.4%
5.7%₱3,510.78₱2,791.70n/a13
May ’25₱2,800.00
₱3,202.50
+14.4%
5.4%₱3,501.01₱2,783.94n/a13
Apr ’25₱2,900.00
₱3,115.06
+7.4%
5.3%₱3,426.25₱2,724.49n/a13
Mar ’25₱2,800.00
₱3,111.14
+11.1%
6.0%₱3,394.55₱2,608.00n/a13
Feb ’25₱2,550.00
₱3,064.26
+20.2%
6.2%₱3,346.63₱2,635.47n/a12
Jan ’25₱2,720.00
₱2,880.76
+5.9%
8.2%₱3,194.97₱2,305.23n/a13
Dec ’24₱2,700.00
₱2,880.76
+6.7%
8.2%₱3,194.97₱2,305.23n/a13
Nov ’24₱2,650.00
₱2,947.56
+11.2%
9.2%₱3,286.81₱2,371.49₱3,000.0013
Oct ’24₱2,600.00
₱2,962.34
+13.9%
9.1%₱3,296.13₱2,378.22₱3,090.0013
Sep ’24₱2,600.00
₱2,975.00
+14.4%
8.7%₱3,279.42₱2,366.16₱2,850.0015
Aug ’24₱2,700.00
₱3,012.98
+11.6%
8.5%₱3,280.28₱2,366.79₱2,800.0016
Jul ’24₱2,600.00
₱3,111.10
+19.7%
5.0%₱3,337.41₱2,661.48₱2,650.0014
Jun ’24₱2,400.00
₱3,026.26
+26.1%
6.8%₱3,287.00₱2,496.45₱2,900.0015
May ’24₱2,550.00
₱3,030.80
+18.9%
4.7%₱3,219.49₱2,600.36₱2,800.0014
Apr ’24₱2,450.00
₱2,881.60
+17.6%
6.1%₱3,090.26₱2,456.36₱2,900.0015
Mar ’24₱2,630.00
₱2,952.01
+12.2%
7.0%₱3,177.41₱2,403.43₱2,800.0015
Feb ’24₱2,550.00
₱2,846.99
+11.6%
5.9%₱3,059.09₱2,406.48₱2,550.0015
Jan ’24₱2,600.00
₱2,886.29
+11.0%
6.7%₱3,249.98₱2,556.65₱2,720.0014
Dec ’23₱2,500.00
₱2,886.29
+15.5%
6.7%₱3,249.98₱2,556.65₱2,700.0014
Nov ’23₱2,300.00
₱2,834.01
+23.2%
7.7%₱3,331.81₱2,434.78₱2,650.0013

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies