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

$13.89

07 Dec
2023

-0.260

OPEN

$14.13

-1.84%

HIGH

$14.14

2,607,402

LOW

$13.81

TARGET
$15.225 9.6% 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 90.9 107.2 xxx
DPS (cps) xxx 60.0 74.7 xxx
EPS Growth xxx 69.0% 17.9% xxx
DPS Growth xxx 50.0% 24.4% xxx
PE Ratio xxx N/A 13.0 xxx
Dividend Yield xxx N/A 5.4% xxx
Div Pay Ratio(%) xxx 66.0% 69.7% xxx

Dividend yield today if purchased 3 years ago: 5.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.32

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: 14/08 - ex-div 27c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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 xxxxxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxxxxx-
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

0.8

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

10/08/2023

1

Add

$14.55

4.75%

While Suncorp Group's FY23 profit was in line with consensus, Morgans identifies more negatives than positives. A stronger-than-expected performance for Insurance Australia offset weaker performances in the bank and New Zealand.

The 27cps final dividend was a miss versus the consensus expectation for 40cps due to the potential impact of a more difficult reinsurance environment, explains the analyst.

While revenue was considered strong for General Insurance, motor claims inflation is still lingering, observes the broker.

The Add rating is unchanged and the target rises to $14.55 from $14.32.

FORECAST
Morgans forecasts a full year FY24 dividend of 73.00 cents and EPS of 105.70 cents.
Morgans forecasts a full year FY25 dividend of 85.90 cents and EPS of 115.60 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SUN STOCK CHART

FNArena News on SUN

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

Dec 06 2023 - Rudi's View
2
Australian Banks Post FY23 Results: Same, Same

Nov 30 2023 - Feature Stories
3
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Nov 21, 2023

Nov 21 2023 - Daily Market Reports
5
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus

Latest Insurance News

1
SMSFundamentals: Older People Are Life Insurers’ Future Challenge

Oct 26 2023 - SMSFundamentals
2
Australian Insurers And The Weather

Oct 19 2023 - Feature Stories
3
Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
4
Pros And Cons Of Insurance Companies

Aug 02 2023 - Australia
5
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
6
Rates Over Reinsurance For General Insurers 

Feb 01 2023 - Australia
7
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
8
In Brief: Risks From Russia, House Prices And Insurance Brokers

Feb 04 2022 - Australia
9
IAG Fails The Weather Test, But All Is Not Lost

Nov 03 2021 - Australia
10
Growth Returns For Suncorp

Aug 10 2021 - Australia