- Suncorp recorded a cash profit of A$1.49 billion for the fiscal year.
- The company’s net income reached A$1.82 billion.
- Suncorp declared a final dividend of A$0.49 per share.
- Operating expenses for the year were A$1.86 billion.
- The underlying insurance trading ratio stood at 11.9%.
- Return on equity (ROE) on a cash basis was 11.5%.
- Market recommendations included 5 buy ratings, 7 hold ratings, and 1 sell rating for Suncorp.
A look at Suncorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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
Suncorp Group Ltd. offers a range of financial services, including banking, insurance, and investment options. According to Smartkarma Smart Scores, Suncorp scores well in value and dividend aspects with a score of 4 for each. This indicates that Suncorp is considered to have strong value and dividend potential for investors looking for stable returns. However, the company’s growth, resilience, and momentum scores are slightly lower at 3. Despite this, Suncorp‘s overall outlook is positive, especially for those seeking value and dividend opportunities in the long term.
Suncorp Group Ltd. is a prominent player in the financial services sector, providing a wide array of banking, insurance, and investment products to its customers. With a focus on delivering value and consistent dividends, Suncorp has established itself as a reliable option for investors. While the company may face challenges in terms of growth, resilience, and momentum, its strong performance in value and dividend metrics suggests that it could be a promising choice for long-term investors seeking stability and income generation.
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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