- Suncorp‘s net income for the fiscal year is A$1.20 billion, marking a 12% increase year-over-year.
- This figure falls short of the estimated A$1.27 billion.
- The final dividend per share is A$0.44.
- The underlying insurance trading ratio is 11.1%, up from 10.6% year-over-year.
- Net proceeds from the sale of the Bank are approximately A$4.1 billion.
- Most of these proceeds are expected to be returned to shareholders around the first quarter of 2025.
- Analyst recommendations include 6 buys, 4 holds, and 1 sell.
A look at Suncorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Suncorp has a promising long-term outlook. With a strong momentum score of 5, the company is showing impressive performance and positive market sentiment. This suggests that Suncorp is currently experiencing significant growth and is likely to continue on this trajectory in the future. Additionally, a growth score of 4 indicates that the company is positioned well for expansion and development in the coming years. While the resilience score is lower at 2, indicating some vulnerability to market fluctuations, the overall outlook remains positive for Suncorp.
Suncorp Group Ltd. offers a wide range of financial services, including retail and business banking, life and general insurance, superannuation, and funds management. Their diverse portfolio includes personal banking and loans, insurance products, credit cards, savings accounts, and various financing options for both individuals and businesses. With solid scores in growth and momentum, Suncorp appears to be on a path towards continued success and expansion in the financial services sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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