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Sun Life FinancialNYSE:SLF Stock Report

Last Price


Market Cap







20 Jan, 2022


Company Financials +
SLF fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance5/6
Financial Health5/6

SLF Stock Overview

Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide.

Sun Life Financial Competitors




Prudential Financial






Principal Financial Group



Price History & Performance

Summary of all time highs, changes and price drops for Sun Life Financial
Historical stock prices
Current Share PriceCA$56.88
52 Week HighCA$58.16
52 Week LowCA$45.84
1 Month Change6.02%
3 Month Change-0.28%
1 Year Change17.40%
3 Year Change59.69%
5 Year Change42.99%
Change since IPO506.72%

Recent News & Updates

Oct 18

Sun Life Financial: Expanding The U.S. Platform With Dentaquest Acquisition

Sun Life Financial is acquiring DentaQuest, the second-largest US-based provider of dental benefits for c. $2.5 billion. The deal represents a compelling growth opportunity for the company, allowing it to gain a solid foothold in the dental insurance business. While the implied transaction multiple is pricey, the earnings accretion potential remains intact and should further enhance the book value premium.

Shareholder Returns

SLFUS InsuranceUS Market

Return vs Industry: SLF underperformed the US Insurance industry which returned 18.8% over the past year.

Return vs Market: SLF exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is SLF's price volatile compared to industry and market?
SLF volatility
SLF Average Weekly Movement1.9%
Insurance Industry Average Movement4.2%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: SLF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SLF's weekly volatility (2%) has been stable over the past year.

About the Company

187123,816Kevin Strain

Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

Sun Life Financial Fundamentals Summary

How do Sun Life Financial's earnings and revenue compare to its market cap?
SLF fundamental statistics
Market CapCA$41.73b
Earnings (TTM)CA$3.60b
Revenue (TTM)CA$34.34b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SLF income statement (TTM)
Cost of RevenueCA$23.39b
Gross ProfitCA$10.95b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 09, 2022

Earnings per share (EPS)6.14
Gross Margin31.90%
Net Profit Margin10.48%
Debt/Equity Ratio20.0%

How did SLF perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Sun Life Financial undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SLF ($56.88) is trading below our estimate of fair value ($115.77)

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 (11.6x) compared to the US Insurance industry average (11.1x).

PE vs Market: SLF is good value based on its PE Ratio (11.6x) compared to the US market (16.9x).

Price to Earnings Growth Ratio

PEG Ratio: SLF is poor value based on its PEG Ratio (1.9x)

Price to Book Ratio

PB vs Industry: SLF is overvalued based on its PB Ratio (1.7x) compared to the US Insurance industry average (1.1x).

Future Growth

How is Sun Life Financial forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SLF's forecast earnings growth (6% per year) is above the savings rate (2%).

Earnings vs Market: SLF's earnings (6% per year) are forecast to grow slower than the US market (13.1% per year).

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

Revenue vs Market: SLF's revenue (9.3% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: SLF's revenue (9.3% 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 (15.4%).

Past Performance

How has Sun Life Financial performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SLF has high quality earnings.

Growing Profit Margin: SLF's current net profit margins (10.5%) are higher than last year (5.9%).

Past Earnings Growth Analysis

Earnings Trend: SLF's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: SLF's earnings growth over the past year (51.3%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: SLF earnings growth over the past year (51.3%) exceeded the Insurance industry 39.8%.

Return on Equity

High ROE: SLF's Return on Equity (13.4%) is considered low.

Financial Health

How is Sun Life Financial's financial position?

Financial Position Analysis

Short Term Liabilities: SLF's short term assets (CA$102.0B) exceed its short term liabilities (CA$92.0M).

Long Term Liabilities: SLF's short term assets (CA$102.0B) do not cover its long term liabilities (CA$303.6B).

Debt to Equity History and Analysis

Debt Level: SLF has more cash than its total debt.

Reducing Debt: SLF's debt to equity ratio has reduced from 29% to 20% over the past 5 years.

Debt Coverage: SLF's debt is well covered by operating cash flow (23.6%).

Interest Coverage: SLF's interest payments on its debt are well covered by EBIT (14.3x coverage).

Balance Sheet


What is Sun Life Financial current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SLF's dividend (3.71%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: SLF's dividend (3.71%) is in the top 25% of dividend payers in the US market (3.49%)

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 reasonably low payout ratio (35.8%), SLF's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: SLF's dividends in 3 years are forecast to be covered by earnings (51.7% payout ratio).

Next Steps


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


Average management tenure


Kevin Strain (55 yo)





Mr. Kevin David Strain, CPA, CA, has been President and Director at Sun Life Financial Inc. since February 15, 2021 and serves as Chief Executive Officer since August 6, 2021. Mr. Strain serves as a Direct...

CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD3.64M) is below average for companies of similar size in the US market ($USD11.31M).

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

Leadership Team

Experienced Management: SLF's management team is considered experienced (3.6 years average tenure).

Board Members

Experienced Board: SLF's board of directors are considered experienced (5.6 years average tenure).


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 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
  • Implied Market Cap: CA$41.731b
  • Listing Market Cap: CA$33.476b
  • Shares outstanding: 586.03m
  • Website:

Number of Employees


  • Sun Life Financial Inc.
  • 1 York Street
  • Toronto
  • Ontario
  • M5J 0B6
  • Canada


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:57
End of Day Share Price2022/01/20 00:00
Annual Earnings2020/12/31

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.