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Sun Life Financial Inc SLF

Morningstar Rating
$49.46 +0.50 (1.02%)
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Company Report

Price vs Fair Value

SLF is trading at a 676% premium.
Price
$49.46
Fair Value
$69.00
Uncertainty
Medium
1-Star Price
$81.49
5-Star Price
$34.30
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Sun Life has a dominant market position in many segments in the Canadian market and generates decent returns.

Bears

Sun Life's asset-management operations may face dual headwinds of fee pressure and lower asset valuations.

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News

Trading Information

Previous Close Price
$48.96
Day Range
$49.14–49.79
52-Week Range
$44.57–55.46
Bid/Ask
$46.90 / $49.74
Market Cap
$28.68 Bil
Volume/Avg
194,813 / 872,508

Key Statistics

Price/Earnings (Normalized)
10.53
Price/Sales
1.27
Dividend Yield (Trailing)
4.67%
Dividend Yield (Forward)
4.78%
Total Yield
5.15%

Company Profile

Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company’s investment management business contributes approximately 30% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the fourth quarter of 2023. The Canada business contributes about 35% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributed approximately 22% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 13% of earnings.
Sector
Financial Services
Industry
Insurance - Diversified
Stock Style Box
Large Value
Total Number of Employees
58,245

Competitors

Valuation

Metric
SLF
MFC
MET
Price/Earnings (Normalized)
10.5310.039.17
Price/Book Value
1.621.561.76
Price/Sales
1.271.560.78
Price/Cash Flow
29.6120.803.75
Price/Earnings
SLF
MFC
MET

Financial Strength

Metric
SLF
MFC
MET
Quick Ratio
———
Current Ratio
———
Interest Coverage
8.004.723.80
Quick Ratio
No chart available

Profitability

Metric
SLF
MFC
MET
Return on Assets (Normalized)
1.13%0.79%0.85%
Return on Equity (Normalized)
16.22%16.87%19.61%
Return on Invested Capital (Normalized)
12.58%9.86%4.31%
Return on Assets
SLF
MFC
MET
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