Sun Life Financial Inc
SLF: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 47.00 | Hfgx | Pkqhsxlt |
Sun Life Ends the Year With a Decent Set of Numbers; Maintaining Our CAD 59 Fair Value Estimate
No-moat-rated Sun Life Financial ended the year with a decent set of numbers as the company reported underlying net income of CAD 990 million or CAD 1.69 per share in the fourth quarter, up 10% compared with CAD 898 million or CAD 1.53 per share in the fourth quarter of the previous year. The fourth-quarter results equated to an underlying return on equity of 15.7%. We are maintaining our CAD 59 fair value estimate for Sun Life after incorporating the latest results.