SUNCORP GROUP LIMITED (SUN)
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SUN - SUNCORP GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
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

$12.81

27 Jan
2023

0.100

OPEN

$12.62

0.79%

HIGH

$12.84

2,647,161

LOW

$12.55

TARGET
$13.62 6.3% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
SUN: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 53.8 82.4 xxx
DPS (cps) xxx 40.0 69.3 xxx
EPS Growth xxx - 33.5% 53.1% xxx
DPS Growth xxx - 45.9% 73.3% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 74.3% 84.2% xxx

Dividend yield today if purchased 3 years ago: 3.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.12

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: 12/08 - ex-div 17c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx53.8
DPS All xxxxxxxxxxxxxxx40.0
Sales/Revenue xxxxxxxxxxxxxxx13,672.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,010.1
Net Operating Cash Flow xxxxxxxxxxxxxxx2,485.0 M
Net Profit Margin xxxxxxxxxxxxxxx4.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx5.20 %
Return on Invested Capital xxxxxxxxxxxxxxx2.51 %
Return on Assets xxxxxxxxxxxxxxx0.67 %
Return on Equity xxxxxxxxxxxxxxx5.20 %
Return on Total Capital xxxxxxxxxxxxxxx3.45 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,580.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

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$xx.xx

xx.xx%

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xxxxxxxxxx

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Citi

16/01/2023

1

Buy

$13.50

5.39%

Citi expects another double-digit rise in reinsurance costs is likely for Suncorp Group in FY24, with all covers due for renewal on July 1. The broker sees this as a significant headwind for the insurer, but does anticipate premium and interest rate rises to more than offset. 

Citi anticipates Suncorp Group will exceed its $580m first half hazard allowance, given the company flagged hazards of $470-530m to the end of October. The broker forecasts a strong second half skew to support Suncorp Group in reaching its 10-12% underlying insurance margin target for FY23.

The Buy rating and target price of $13.50 are retained.

FORECAST
Citi forecasts a full year FY23 dividend of 70.00 cents and EPS of 100.80 cents.
Citi forecasts a full year FY24 dividend of 72.00 cents and EPS of 90.70 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

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xx.xx%

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xx/xx/xxxx

1

xxx

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xx.xx%

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UBS

xx/xx/xxxx

1

xxx

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xx.xx%

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Access Stockbroker Research History >

SUN STOCK CHART

FNArena News on SUN

1
Weekly Ratings, Targets, Forecast Changes – 20-01-23

Jan 23 2023 - Weekly Reports
2
Rudi’s View: Telix, Telstra, Treasury Wine & More

Jan 19 2023 - Rudi's View
3
In Brief: Insurers, Healthcare, Contractors, Classifieds, Retail 

Dec 09 2022 - Weekly Reports
4
Rudi’s View: Preparing For Bear Phase II

Nov 24 2022 - Rudi's View
5
Australian Broker Call *Extra* Edition – Nov 21, 2022

Nov 21 2022 - Daily Market Reports

Latest Insurance News

1
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
2
In Brief: Risks From Russia, House Prices And Insurance Brokers

Feb 04 2022 - Australia
3
IAG Fails The Weather Test, But All Is Not Lost

Nov 03 2021 - Australia
4
Growth Returns For Suncorp

Aug 10 2021 - Australia
5
Treasure Chest: IAG Re-Rating?

Jun 28 2021 - Treasure Chest
6
Insurers Grapple With Costs And Competition

Jun 16 2021 - Australia
7
Nib Holdings May Need To Tread Carefully

Apr 27 2021 - Australia
8
Insurers Tackle More Risk As NSW Floods

Mar 23 2021 - Australia
9
Suncorp Homes In On Improved Returns

Feb 10 2021 - Australia
10
Reinsurance Key To Insurer Pandemic Claims

Sep 16 2020 - Australia