Sun Life Financial
Market Cap
US$29.2b
Last Updated
2021/02/24 23:31 UTC
Data Sources
Company Financials +
Executive Summary
Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with adequate balance sheet.
Similar Companies
Share Price & News
How has Sun Life Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SLF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SLF's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
4.5%
SLF
3.2%
US Insurance
-1.4%
US Market
1 Year Return
8.8%
SLF
5.8%
US Insurance
37.1%
US Market
Return vs Industry: SLF exceeded the US Insurance industry which returned 3.5% over the past year.
Return vs Market: SLF underperformed the US Market which returned 34.1% over the past year.
Shareholder returns
| SLF | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.5% | 3.2% | -1.4% |
| 30 Day | 6.9% | 7.1% | 1.6% |
| 90 Day | 11.8% | 10.1% | 7.3% |
| 1 Year | 13.3%8.8% | 8.7%5.8% | 40.2%37.1% |
| 3 Year | 36.9%23.1% | 26.0%16.6% | 62.5%52.1% |
| 5 Year | 100.4%67.6% | 77.7%55.6% | 133.9%108.0% |
Long-Term Price Volatility Vs. Market
How volatile is Sun Life Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Sun Life Financial undervalued compared to its fair value and its price relative to the market?
44.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SLF ($50.68) is trading below our estimate of fair value ($91.23)
Significantly Below Fair Value: SLF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SLF is poor value based on its PE Ratio (15.4x) compared to the US Insurance industry average (14.4x).
PE vs Market: SLF is good value based on its PE Ratio (15.4x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: SLF is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: SLF is overvalued based on its PB Ratio (1.6x) compared to the US Insurance industry average (1x).
Next Steps
Future Growth
How is Sun Life Financial forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
12.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SLF's forecast earnings growth (12.7% per year) is above the savings rate (2%).
Earnings vs Market: SLF's earnings (12.7% per year) are forecast to grow slower than the US market (20.4% per year).
High Growth Earnings: SLF's earnings are forecast to grow, but not significantly.
Revenue vs Market: SLF's revenue (3% per year) is forecast to grow slower than the US market (10.5% per year).
High Growth Revenue: SLF's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SLF's Return on Equity is forecast to be low in 3 years time (14%).
Next Steps
Past Performance
How has Sun Life Financial performed over the past 5 years?
1.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SLF has high quality earnings.
Growing Profit Margin: SLF's current net profit margins (5.5%) are lower than last year (6.6%).
Past Earnings Growth Analysis
Earnings Trend: SLF's earnings have grown by 1.3% per year over the past 5 years.
Accelerating Growth: SLF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SLF had negative earnings growth (-8.1%) over the past year, making it difficult to compare to the Insurance industry average (-2.5%).
Return on Equity
High ROE: SLF's Return on Equity (9.7%) is considered low.
Next Steps
Financial Health
How is Sun Life Financial's financial position?
Financial Position Analysis
Short Term Liabilities: SLF's short term assets (CA$110.3B) exceed its short term liabilities (CA$8.4B).
Long Term Liabilities: SLF's short term assets (CA$110.3B) do not cover its long term liabilities (CA$288.8B).
Debt to Equity History and Analysis
Debt Level: SLF's debt to equity ratio (40.5%) is considered high.
Reducing Debt: SLF's debt to equity ratio has reduced from 48.9% to 40.5% over the past 5 years.
Debt Coverage: SLF's debt is well covered by operating cash flow (69.2%).
Interest Coverage: SLF's interest payments on its debt are well covered by EBIT (9.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Sun Life Financial current dividend yield, its reliability and sustainability?
3.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SLF's dividend (3.47%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: SLF's dividend (3.47%) is low compared to the top 25% of dividend payers in the US market (3.75%).
Stability and Growth of Payments
Stable Dividend: SLF's dividends per share have been stable in the past 10 years.
Growing Dividend: SLF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.5%), SLF's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SLF's dividends in 3 years are forecast to be well covered by earnings (42.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Dean Connor (63 yo)
9.17yrs
Tenure
CA$9,646,625
Compensation
Mr. Dean Arthur Connor serves as Director of Sun Life Assurance Company of Canada. Mr. Connor has been the Chief Executive Officer and President of Sun Life Financial Inc. since December 1, 2011 and Sun Li...
CEO Compensation Analysis
Compensation vs Market: Dean's total compensation ($USD7.68M) is about average for companies of similar size in the US market ($USD10.54M).
Compensation vs Earnings: Dean's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.17yrs | CA$9.65m | 0.016% CA$ 4.8m | |
| CFO, President & Director | no data | CA$3.41m | 0.0025% CA$ 726.3k | |
| President of SLC Management | 6.92yrs | CA$7.18m | no data | |
| President of Sun Life Financial - United States | 6.83yrs | CA$4.03m | 0.00050% CA$ 145.9k | |
| President of Sun Life Financial Canada | 3.08yrs | CA$3.06m | 0.0012% CA$ 358.8k | |
| Executive VP & Chief Information Officer | 0.67yr | no data | 0.000020% CA$ 5.8k | |
| Senior VP | no data | no data | no data | |
| Chief Compliance Officer & Senior VP | 6.33yrs | no data | no data | |
| Executive VP and Chief Legal Officer & Public Affairs | 5.75yrs | no data | 0.0013% CA$ 388.0k | |
| Executive VP and Chief Human Resources & Communications Officer | 2.67yrs | no data | 0.00042% CA$ 122.5k | |
| Senior Vice-President of Corporate Development | no data | no data | no data | |
| Executive Vice President of Sales | no data | no data | no data |
6.0yrs
Average Tenure
56yo
Average Age
Experienced Management: SLF's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.17yrs | CA$9.65m | 0.016% CA$ 4.8m | |
| CFO, President & Director | no data | CA$3.41m | 0.0025% CA$ 726.3k | |
| Chairman & Co-CEO of MFS Investment Management | no data | no data | no data | |
| Chairman of MFS Mclean Budden Limited & Co-CEO of MFS Investment Management | no data | no data | no data | |
| Independent Chairman of the Board | 3.75yrs | CA$440.00k | 0.0027% CA$ 778.8k | |
| Independent Corporate Director | 5.33yrs | CA$295.00k | 0.000050% CA$ 14.6k | |
| Independent Corporate Director | 7.17yrs | CA$283.00k | 0.0011% CA$ 309.2k | |
| Independent Corporate Director | 6.17yrs | CA$298.00k | 0.00097% CA$ 283.0k | |
| Independent Corporate Director | 10.17yrs | CA$260.00k | 0.0018% CA$ 513.4k | |
| Independent Corporate Director | 11.75yrs | CA$245.00k | 0.0015% CA$ 431.7k | |
| Independent Corporate Director | 8.75yrs | CA$283.00k | 0.00085% CA$ 247.9k | |
| Independent Corporate Director | 4.08yrs | CA$248.00k | 0.0019% CA$ 548.4k |
7.2yrs
Average Tenure
62yo
Average Age
Experienced Board: SLF's board of directors are considered experienced (7.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SLF 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
Sun Life Financial Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sun Life Financial Inc.
- Ticker: SLF
- Exchange: NYSE
- Founded: 1871
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: CA$36.623b
- Listing Market Cap: CA$29.170b
- Shares outstanding: 585.13m
- Website: https://www.sunlife.com
Number of Employees
Location
- Sun Life Financial Inc.
- 1 York Street
- Toronto
- Ontario
- M5J 0B6
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SLF | TSX (The Toronto Stock Exchange) | Yes | Common Stock | CA | CAD | Mar 2000 |
| SLF | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Mar 2000 |
| LIE | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 2000 |
| SLF | PSE (Philippines Stock Exchange) | Yes | Common Stock | PH | PHP | Mar 2000 |
| 0VJA | LSE (London Stock Exchange) | Yes | Common Stock | GB | CAD | Mar 2000 |
| SLF.PRA | TSX (The Toronto Stock Exchange) | PFD A SER 1 | CA | CAD | Feb 2005 | |
| SLFY.F | OTCPK (Pink Sheets LLC) | PFD A SER 1 | US | USD | Feb 2005 | |
| SLF.PRB | TSX (The Toronto Stock Exchange) | PFD A SER 2 | CA | CAD | Jul 2005 | |
| SLF.PRC | TSX (The Toronto Stock Exchange) | PFD CL A SER 3 | CA | CAD | Jan 2006 | |
| SLF.PRE | TSX (The Toronto Stock Exchange) | CAD250 mil 4.5% Class A Non-Cum ser 5 | CA | CAD | Oct 2006 | |
| SLF.PRD | TSX (The Toronto Stock Exchange) | PFD CL A SER 4 | CA | CAD | Oct 2006 | |
| SLF.PRG | TSX (The Toronto Stock Exchange) | PFD CL A SR 8R | CA | CAD | May 2010 | |
| SUNF.F | OTCPK (Pink Sheets LLC) | PFD CL A SR 8R | US | USD | May 2010 | |
| SLF.PRH | TSX (The Toronto Stock Exchange) | PFD CL A-10R | CA | CAD | Aug 2011 | |
| SLF.PRI | TSX (The Toronto Stock Exchange) | PFD SHS NON CUM | CA | CAD | Nov 2011 | |
| SLF.PRJ | TSX (The Toronto Stock Exchange) | PFD SHS SER 9Q | CA | CAD | Jul 2015 | |
| SLF.PRK | TSX (The Toronto Stock Exchange) | PFD SHS NON CUM | CA | CAD | Oct 2016 |
Biography
Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers life, health, dental, critical il...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 23:31 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.