 |
Suncorp-Metway Limited (SUN) |
Print |
|
You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
|
|
Sign Up Today » it's FREE!
|
Already a member? Login now!
|
| Company Name: |
Suncorp-Metway Limited |
| Stock Code: |
SUN |
| Website: |
www.suncorpmetway.com.au |
| Market Cap ($M): |
10,700 |
| Equiv. Shares (M): |
1,281 |
|
|
 |
|
| Current Price |
Open |
High |
Low |
Last Close |
Volume |
Price Movement |
$ 8.610 |
$ 8.690 |
$ 8.720 |
$ 8.590 |
$ 8.620
|
3,574,869 |
$ -0.010 -0.116 %
|
|
| Recommendation : |
Buy
|
| Recommendation Date : |
27th Aug 2010 |
| 12 Month Target Price (average) : |
$9.847 |
| Brokers Surveyed : |
10 |
|
| % of Market: |
1.0100 |
| % of Sector: |
n/a |
| Sector: |
Financials |
| Industry Group: |
Insurance |
| Industry: |
Insurance |
|
|
 |
|
| Company Overview |
| Suncorp-Metway Ltd (SUN) is a Queensland-based financial services conglomerate offering general insurance, retail and business banking, and wealth management services. |
| Company History |
| The Suncorp-Metway Group was formed on 1 December 1996 from the merger of three Queensland financial institutions: Suncorp; Metway Bank; and QIDC (Queensland Industry Development Corporation). The merger created a diversified financial services group, incorporating banking, insurance and wealth management. In June 2001, SUN acquired GIO, AMP's Australian general insurance business. On 2 July 2001, the ASX code changed from SME to SUN. In March 2007, SUN merged with general insurer Promina. |
| Differentiating Factor |
| SUN's "Financial Conglomerate" business model differentiates it from other financial services groups in that it provides a good diversity of earnings from traditional banking businesses, wealth management products and general insurance. The SUN brand has a strong presence in the Queensland market, while the GIO and individual Promina brands are well recognised in NSW. The diversity of businesses provides SUN with a unique opportunity to cross-sell products across its various customer bases. |
| Major Customers & Competitors |
| SUN's customers range from small retail clients to small to medium businesses. Banking products include savings, lending and transaction products. In general insurance, SUN offers personal product lines in Home, Motor and CTP plus Workers Compensation and various commercial lines. In banking, its customers are mainly in Queensland, while it has strong general insurance market shares in Queensland, NSW and Victoria. Competitors include IAG, QBE and Allianz plus banks such as BOQ and the majors. |
|
Year to Jun
|
NPAT Rep $M |
NPAT1 Adj $M |
EPS c |
EPS chg % |
PER x |
PER rel All Ords x |
PER rel Sector x |
DPS c |
Yield % |
Franking % |
ROE % |
| 2007A |
|
|
n/a |
|
0.0 |
0.0 |
0.0 |
n/a |
0.0 |
n/a |
n/a |
| 2008A |
|
|
n/a |
|
0.0 |
0.0 |
0.0 |
n/a |
0.0 |
n/a |
n/a |
| 2009A |
|
|
59.7 |
|
14.4 |
0.7 |
0.8 |
40.0 |
4.6 |
100.0 |
6.1 |
| 2010A |
|
|
60.8 |
|
14.1 |
0.8 |
1.0 |
35.0 |
4.1 |
100.0 |
6.4 |
|
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
|
| Commonwealth Bank |
CBA |
$51.84 |
$80,291M |
13.6086 |
11.8000 |
21.9700 |
22.8000 |
5.9600 |
6.2000 |
| Commonwealth Bank |
CBA |
$51.84 |
$80,291M |
13.6086 |
11.8000 |
21.9700 |
22.8000 |
5.9600 |
6.2000 |
| Westpac Bank |
WBC |
$22.57 |
$67,465M |
11.6000 |
10.8000 |
58.5000 |
6.8000 |
5.8000 |
6.4000 |
| ANZ Bank |
ANZ |
$23.36 |
$59,788M |
12.2000 |
11.1000 |
14.8000 |
10.1000 |
5.3000 |
5.9000 |
| Suncorp-Metway |
SUN |
$8.35 |
$10,700M |
13.7225 |
10.7744 |
1.9332 |
27.3625 |
4.1916 |
5.1497 |
|
| SUN |
4.5056 |
-2.2248 |
8.4416 |
| Sector |
1.5078 |
-7.4657 |
-1.3958 |
| Market |
3.6177 |
-3.1195 |
2.8483 |
|
| P/E (x) |
FY07 |
0.0 |
15.2 |
15.4 |
|
FY08 |
0.0 |
10.4 |
10.1 |
| Yield (%) |
FY07 |
0.0 |
9.5 |
5.2 |
|
FY08 |
0.0 |
7.7 |
5.2 |
| EV/EBIT (x) |
FY07 |
0.0 |
6.7 |
10.5 |
|
FY08 |
0.0 |
3.9 |
14.0 |
| EV/EBITDA (x) |
FY07 |
0.0 |
6.1 |
12.5 |
|
FY08 |
0.0 |
3.7 |
12.0 |
|
| J Story |
Chairman |
| I Blackburne |
Director |
| G Ricketts |
Director |
| E Kulk |
Director |
| C Hirst |
Director |
| M Kriewaldt |
Director |
| B Bartlett |
Director |
| Z Switkowski |
Director |
| L Tutt |
Director |
| P Dwyer |
Director |
| S Grimshaw |
Director |
|
| P Snowball |
Chief Executive Officer |
| M Milliner |
Group Exec. Personal Insurance |
| D Foster |
Group Executive Suncorp Bank |
| A Day |
Group Exec. Commercial Insurance |
| R Bell |
Group Exec. Vero New Zealand |
| J Smith |
Group Exec. Business Technology |
| G Summerhayes |
Group Exec. Suncorp Life |
| A Harmer |
Acting Chief Risk Officer |
| C N Herbert |
Acting Chief Financial Officer |
| S Alomes |
Group Executive Human Resources |
|
| Commonwealth Bank of Australia |
5.1000 |
| Barclays Global Investors Australia Limited |
5.0100 |
|
| 01-Oct-2010 |
Dividend Date Payable for Final Year Result
(20c 100% franked)
|
| 03-Sep-2010 |
Dividend Record Date for Final Year Result
(20c 100% franked)
|
| 30-Aug-2010 |
Dividend Ex-Dividend Date for Final Year Result
(20c 100% franked)
|
| 25-Aug-2010 |
Reporting Date for Final Year Result |
| 01-Apr-2010 |
Dividend Date Payable for Half Yearly Result
(15c 100% franked)
|
|
|
Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
|
|
Membership benefits...
- 100% entry fee rebates
- Cash back on your managed fund investments with our innovative TrailCap™ program
- Independent research on...
- over 1,000 managed funds
- over 300 ASX-listed Companies
- top performing suburbs/postcodes
- Access to IPOs/floats & other investment offers
- Superior investment tools...
- Portfolio manager
- Watchlists
- Alerts
- Regular investment e-newsletter
|
Advertisement
eNewsletter |
Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now! |
|
 |
An educational booklet with information on guaranteed ongoing payments to the policy holder for an agreed period of time.
More details...
|
Featured Promotions
Sydney Morning Herald 3/09/2010 | MINING
Sydney Morning Herald 3/09/2010 | THE former Foster's Group chief executive, Trevor O'Hoy, has broken his silence over the future of the beverages giant he once led, saying a demerger of its wine and beer businesses makes perfect sense in today's investment climate.
The Age 3/09/2010 | TREVOR O'Hoy, the former Foster's Group chief executive who was at the helm when it made its ill-fated acquisition of wine business Southcorp for $3.7 billion, says the proposed corporate split makes perfect sense in the present climate.
Sydney Morning Herald 3/09/2010 | SHARES worth millions of dollars in Australian-listed companies have been frozen by the Federal Court as the Tax Commissioner pursues companies linked to a Swiss-based Belgian businessman over $28 million of outstanding tax assessments.
The Age 3/09/2010 | THE Federal Court has extended a freeze order on shares worth millions of dollars in Australian-listed companies as the tax commissioner pursues companies linked to a Swiss-based Belgian businessman over $28 million of outstanding tax assessments.
Sydney Morning Herald 3/09/2010 | A decision this week by the Administrative Appeals Tribunal to overturn an order by the Australian Securities and Investments Commission to ban the head of Tricom, Lance Rosenberg, from the financial services industry is a win for Rosenberg, a partial public relations win for ASIC but a big win for public disclosure.
More...
|
|