SUNCORP GROUP LIMITED (SUN)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$19.32

18 Nov
2024

0.070

OPEN

$19.25

0.36%

HIGH

$19.43

1,705,737

LOW

$19.23

TARGET
$19.137 -0.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NHF . NOL . QBE . SDF . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
SUN: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 94.4 100.8 xxx
DPS (cps) xxx 78.0 91.7 xxx
EPS Growth xxx 3.8% 6.8% xxx
DPS Growth xxx 30.0% 17.6% xxx
PE Ratio xxx N/A 19.6 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 82.6% 91.0% xxx

Dividend yield today if purchased 3 years ago: 7.07%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.95

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: 22/08 - ex-div 44c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx94.4
DPS All xxxxxxxxxxxxxxx78.0
Sales/Revenue xxxxxxxxxxxxxxx14,831.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,088.1
Net Operating Cash Flow xxxxxxxxxxxxxxx2,431.0 M
Net Profit Margin xxxxxxxxxxxxxxx6.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.92 %
Return on Invested Capital xxxxxxxxxxxxxxx4.40 %
Return on Assets xxxxxxxxxxxxxxx0.83 %
Return on Equity xxxxxxxxxxxxxxx6.92 %
Return on Total Capital xxxxxxxxxxxxxxx4.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,739.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx2,525 M
Total Debt xxxxxxxxxxxxxxx2,525 M
Goodwill - Gross xxxxxxxxxxxxxxx5,006 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx734 M
Price To Book Value xxxxxxxxxxxxxxx1.60

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,110 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx18,228 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

0.6

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

07/11/2024

3

Neutral

$18.55

-3.99%

At Suncorp Group's investor day, management reiterated guidance for an FY25 underlying margin towards the top end of its 10-12% range. Citi is maintaining its existing forecasts.

According to management, the guidance is supported by a more robust natural hazard allowance, reduced reliance on reserve releases, and an allocation for growth investments.

The group is committing -$560m to transform itself into a digital insurer, highlights the broker.

Neutral rating. The broker's target price rises to $18.55 from $17.70 on a higher assumed multiple given the positive operating market backdrop and likely strong gross written premium (GWP) momentum.

FORECAST
Citi forecasts a full year FY25 dividend of 106.00 cents and EPS of 104.40 cents.
Citi forecasts a full year FY26 dividend of 84.00 cents and EPS of 119.30 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

11/11/2024

2

Overweight

$17.50

-9.42%

Jarden notes Suncorp’s increased focus on technology modernisation and simplification as it transitions to a pure-play general insurer.

The FY25-27 strategy includes platform modernisation and AI-enabled transformation to improve costs and claims efficiencies, highlights the broker.

Management has reiterated its FY25 guidance, targeting mid-to-high single-digit growth in gross written premium (GWP) despite signs of faster-than-expected rate moderation in commercial property.

The broker also points to management’s exploration of alternative reinsurance structures to enhance stability, observing a rational reinsurance market with flat-to-down rates.

Jarden maintains an Overweight rating and a target price of $17.50.

FORECAST
Jarden forecasts a full year FY25 dividend of 103.50 cents and EPS of 101.80 cents.
Jarden forecasts a full year FY26 dividend of 82.00 cents and EPS of 114.90 cents.
Access Extra Coverage Research History >

SUN STOCK CHART

FNArena News on SUN

1
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
2
New-Look Suncorp Ready To Rumble

Nov 14 2024 - Australia
3
Australian Broker Call *Extra* Edition – Nov 12, 2024

Nov 12 2024 - Daily Market Reports
4
Next Week At A Glance – 11-15 Nov 2024

Nov 08 2024 - Weekly Reports
5
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View

Latest Insurance News

1
New-Look Suncorp Ready To Rumble

Nov 14 2024 - Australia
2
Steadfast’s Long March

Jul 02 2024 - Australia
3
AUB Group Shares Poised For Break-Out

Jun 13 2024 - Technicals
4
SMSFundamentals: Older People Are Life Insurers’ Future Challenge

Oct 26 2023 - SMSFundamentals
5
Australian Insurers And The Weather

Oct 19 2023 - Feature Stories
6
Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
7
Pros And Cons Of Insurance Companies

Aug 02 2023 - Australia
8
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
9
Rates Over Reinsurance For General Insurers 

Feb 01 2023 - Australia
10
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia