SUNCORP GROUP LIMITED (SUN)
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SUN - SUNCORP GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Suncorp Group is an Australian finance, insurance, and banking corporation based in Queensland, Australia. It was originally the State Government Insurance office but became an independent corporation in 1985 and a listed company in 1988. Suncorp owns several household insurance brands in Australia, incl GIO, AAMI, Shannons and Terri Sheer.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$16.89

22 Jul
2024

-0.070

OPEN

$16.86

-0.41%

HIGH

$16.95

838,031

LOW

$16.81

TARGET
$18.00 6.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . PSI . QBE . SDF . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
SUN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 90.9 108.8 xxx
DPS (cps) xxx 60.0 76.3 xxx
EPS Growth xxx 69.0% 19.6% xxx
DPS Growth xxx 50.0% 27.2% xxx
PE Ratio xxx N/A 15.8 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx 66.0% 70.2% xxx

Dividend yield today if purchased 3 years ago: 5.26%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.50

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/02 - ex-div 34c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx90.9
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx16,038.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,051.2
Net Operating Cash Flow xxxxxxxxxxxxxxx742.0 M
Net Profit Margin xxxxxxxxxxxxxxx7.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx8.81 %
Return on Invested Capital xxxxxxxxxxxxxxx4.32 %
Return on Assets xxxxxxxxxxxxxxx1.04 %
Return on Equity xxxxxxxxxxxxxxx8.81 %
Return on Total Capital xxxxxxxxxxxxxxx8.95 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx158.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx13,525 M
Long Term Debt xxxxxxxxxxxxxxx13,019 M
Total Debt xxxxxxxxxxxxxxx26,544 M
Goodwill - Gross xxxxxxxxxxxxxxx5,279 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,908 M
Price To Book Value xxxxxxxxxxxxxxx1.28

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,887 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx92,975 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

08/07/2024

3

Hold

$18.20

7.76%

Ord Minnett highlights the 25% increase in the Suncorp Group share price this year which reflects, in the analyst's view, the company's strong financial state, including earnings and balance sheet.

On the back of the successful approval for the sale of the bank to ANZ Bank ((ANZ)), a special 20c dividend per shares and a share consolidation of $3.7bn are expected by the broker.

Ord Minnett also points to the earning risk compared to Insurance Australia Group ((IAG)) from the latter's recent reinsurance update and favours IAG at this point over Suncorp Group.

Hold rating and $18.20 target price.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 78.00 cents and EPS of 107.00 cents.
Ord Minnett forecasts a full year FY25 dividend of 77.00 cents and EPS of 93.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

15/04/2024

1

Buy

$17.54

3.85%

Goldman Sachs adjusts valuations for general insurers under research coverage after marking-to-market and also allowing for any company-specific outlook changes.

A Buy rating is maintained for Suncorp Group. The broker believes the strong rate momentum the group is achieving should offset any volume pressures.

The target rises to $17.54 from $16.25.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 78.00 cents and EPS of 107.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 83.00 cents and EPS of 115.00 cents.
Access Stockbroker Research History >

SUN STOCK CHART

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