Suncorp Group Limited (SUN.AX)

DDM Valuation · Financial Services · Insurance - Property & Casualty

Valuation as at 2026-08-14 · see also the ASX 300 Most Undervalued screen

About Suncorp Group Limited

Suncorp Group Limited provides insurance products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Consumer Insurance; Commercial & Personal Injury; Suncorp New Zealand; and Corporate & Internal Reinsurance segments. It provides insurance products, including home and contents, motor, and boat insurance products; and commercial motor, commercial property, marine, industrial special risks, public liability and professional indemnity, workers' compensation, and compulsory third party products.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Suncorp Group Limited SUN.AX

Financial Services · Insurance - Property & Casualty

Price
$19.76
Market Cap
$20.95B
Dividend Yield
5.3%
Beta
1.00
P/E (TTM)
20.8x
52-Week Range
$13.80–$21.92

Suncorp Group Limited's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-08-14

Share price · last 2 years

$19.76 -5% vs 2024-08
ASX 200 $20.76$24.45$21.61$17.48$17.11$19.76 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per year

$1.59 +163% vs FY22
$0.60$1.04$1.04$1.59FY22FY23FY24FY25

Return on equity Per year

17.2% +223% vs FY22
5.3%8.6%8.6%17.2%FY22FY23FY24FY25

Dividend per share Per year

$1.19 +48% vs FY22
$0.80$0.53$0.60$1.19FY22FY23FY24FY25

Value investing scale · Buffett · Dalio · Graham

Partial Fit
11 / 17 combined score

1 criterion had no data

See the full Buffett, Dalio & Graham breakdown for SUN.AX →

🏦 Bank/Insurer — valued with the Dividend Discount Model

DCF is not used for bank/insurer stocks: deposits or reserves are a raw material rather than funding, so there's no clean free cash flow. This valuation uses the Dividend Discount Model (DDM) instead.

P/B
2.11x
ROE
10.1%
Div Yield
5.3%

Intrinsic value estimate · 5-year forecast

BEAR
$11.70
vs current $19.76
-40.8% ❌ Overvalued
BASE
$14.85
vs current $19.76
-24.8% ❌ Overvalued
BULL
$19.17
vs current $19.76
-3.0% ⚠️ Fairly Valued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
1.00
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Debt component
None
DDM discounts dividends at cost of equity only
Starting dividend (D0)
$1.04
Annual, per share
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
Dividend growth3.0%6.0%9.0%
Terminal growth2.5%2.5%2.5%
Cost of equity11.80%10.80%9.80%

Cost of Equity (CAPM) = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 1.00 × 6.00% = 10.80%

These numbers come from running Suncorp Group Limited's dividends through the mechanical DDM formula and assumptions above — not from any view on the news, management, or SUN.AX's competitive position. What is DDM?

Want to test your own dividend growth or cost-of-equity assumptions?Open the full interactive calculator, pre-filled with SUN.AX →

More ASX stocks we've valued

Not financial advice. DDM valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Suncorp Group Limited (SUN.AX) undervalued?

The Base-case DDM estimates intrinsic value at $14.85 vs a price of $19.76 on 2026-08-14 — a -24.8% margin, so the Base case reads overvalued. This is a mechanical output, not advice.