Recent News
On July 3, 2025 Sun Life announced upgraded savings insurance plans for Hong Kong markets focused on flexible death-benefit settlement and multi-currency features; on July 24–30, 2025 Sun Life expanded U.S. product availability and marked DentaQuest partnerships and program milestones; on August 7, 2025 Sun Life named David Healy as incoming President of Sun Life U.S., effective September 1, 2025, with Dan Fishbein transitioning to Executive Chair.
Technical Analysis
ADX & Directional Indicators. ADX at 21.44 signals an emerging trend. DI+ shows a peak-and-reverse (DI+ decreasing), which indicates bearish directional pressure; DI- also shows a peak-and-reverse (DI- decreasing), which indicates selling pressure has eased. Those offsetting directional impulses point to limited trending bandwidth rather than a strong one-sided move, which tempers near-term breakout conviction.
MACD. MACD stands at -0.18 while the signal line sits at -0.43 and the MACD trend increases; MACD above its signal line signals a bullish momentum shift despite the negative absolute level, supporting potential short-term upside toward the midrange valuation band.
MRO (Momentum/Regression Oscillator). MRO at -22.35 indicates price sits below the WMDST target and implies upward pressure toward fair value; the magnitude suggests a material recovery potential rather than a faint signal.
RSI. RSI at 45.33 with a peak-and-reverse trend signals recent weakening in relative strength; that bearish RSI momentum could limit immediate follow-through from the MACD bullish cross unless RSI re-accelerates above neutral.
Price Structure and Moving Averages. Price closed at $59.46, above the 20-day average ($58.65) and roughly in line with the 200-day average ($59.08); the 12-day EMA trends up while price crosses above the -1x Bollinger band, indicating short-term stabilization near the stock’s midrange rather than an extended breakout. Volume runs below the 10‑ and 50‑day averages, reducing conviction for any rapid move.
Ichimoku & Volatility. Chikou span sits below the Ichimoku cloud, a bearish placement, while senkou lines sit near $60–$62, which frames near-term resistance; 42‑day beta (0.38) and 52‑week beta (0.54) point to low volatility relative to broader markets.
Fundamental Analysis
Earnings and Profitability. Reported EPS of $1.79 beat the $1.77 estimate by $0.02, a 1.13% surprise. EBIT totaled $1,105,000,000 and EBIT margin equals 12.02% QoQ movement shows an EBIT margin decline of 14.12% quarter-over-quarter but a YoY expansion of 2.79%. The margin sits below the industry peer mean of 15.04% and below the industry peer median of 16.99%.
Top-Line and Growth. Total revenue measured $9,197,000,000 with reported revenue growth at -6.89% (QoQ -101.49%; YoY -156.57%). Reported earnings growth stands at 10.49% overall, with earnings growth QoQ at 25.93% but earnings growth YoY at -28.45%.
Cash Flow and Capital Efficiency. Operating cash flow equals $800,000,000 and free cash flow equals $768,000,000, producing a free cash flow yield of 2.26%, below the industry peer mean free cash flow yield of 5.95%. Free cash growth shows strong YoY expansion near 97.10% despite a negative longer-term free cash flow trend number provided.
Balance Sheet and Coverage. Cash and short-term investments total $25,399,000,000 against total debt of $6,380,000,000; debt-to-assets equals 1.70%, below the industry peer mean of 3.78%, and debt-to-equity equals 27.88%, below the industry peer mean of 44.38%. Interest coverage equals 8.57x, slightly below the industry peer mean of 9.01x but at a level consistent with investment-grade capacity.
Valuation Metrics. Price-to-earnings sits at 34.71, marginally above the industry peer mean of 34.30; price-to-book equals 1.49, below the industry peer mean of 1.89; price-to-sales equals 3.70, below the industry peer mean of 6.21. Forward PE runs higher at 45.88, and PEG ratios indicate growth expectations; WMDST values the stock as fair-valued based on these combined metrics and current cash-flow dynamics.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-07 |
| NEXT REPORT DATE: | 2025-11-07 |
| CASH FLOW | Begin Period Cash Flow | $ 7.9 B |
| Operating Cash Flow | $ 800.0 M | |
| Capital Expenditures | $ -32.00 M | |
| Change In Working Capital | $ -92.00 M | |
| Dividends Paid | $ -526.00 M | |
| Cash Flow Delta | $ -367.00 M | |
| End Period Cash Flow | $ 7.5 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 9.2 B | |
| Forward Revenue | $ 2.3 B | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 8.2 B | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | $ 1.1 B | |
| Operating Income | — | |
| Interest Income | — | |
| Interest Expense | $ 129.0 M | |
| Net Interest Income | $ -129.00 M | |
| Income Before Tax | $ 976.0 M | |
| Tax Provision | $ 198.0 M | |
| Tax Rate | 20.3 % | |
| Net Income | $ 778.0 M | |
| Net Income From Continuing Operations | $ 976.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.77 | |
| EPS Actual | $ 1.79 | |
| EPS Difference | $ 0.02 | |
| EPS Surprise | 1.13 % | |
| Forward EPS | $ 1.35 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 376.3 B | |
| Intangible Assets | $ 14.3 B | |
| Net Tangible Assets | $ 10.8 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | $ 25.4 B | |
| Cash | $ 7.6 B | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 6.4 B | |
| Total Liabilities | $ 351.1 B | |
| EQUITY | ||
| Total Equity | $ 22.9 B | |
| Retained Earnings | $ 12.8 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 40.64 | |
| Shares Outstanding | 563.158 M | |
| Revenue Per-Share | $ 16.33 | |
| VALUATION | Market Capitalization | $ 34.0 B |
| Enterprise Value | $ 15.0 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 1.628 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 16.443 | |
| Asset To Liability | 1.072 | |
| Debt To Capital | 0.218 | |
| Debt To Assets | 0.017 | |
| Debt To Assets QoQ | -0.819 % | |
| Debt To Assets YoY | -17.988 % | |
| Debt To Assets IPRWA | high: 0.178 mean: 0.038 median: 0.027 SLF: 0.017 low: 0.012 |
|
| Debt To Equity | 0.279 | |
| Debt To Equity QoQ | 3.697 % | |
| Debt To Equity YoY | -3.719 % | |
| Debt To Equity IPRWA | high: 0.923 mean: 0.444 median: 0.328 SLF: 0.279 low: 0.173 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.485 | |
| Price To Book QoQ | 8.175 % | |
| Price To Book YoY | 29.173 % | |
| Price To Book IPRWA | high: 3.744 mean: 1.89 median: 1.499 SLF: 1.485 low: 0.133 |
|
| Price To Earnings (P/E) | 34.71 | |
| Price To Earnings QoQ | 10.055 % | |
| Price To Earnings YoY | 22.036 % | |
| Price To Earnings IPRWA | high: 59.437 SLF: 34.71 mean: 34.296 median: 32.634 low: -27.988 |
|
| PE/G Ratio | 3.308 | |
| Price To Sales (P/S) | 3.696 | |
| Price To Sales QoQ | 12.061 % | |
| Price To Sales YoY | 17.102 % | |
| Price To Sales IPRWA | high: 13.163 mean: 6.214 median: 3.819 SLF: 3.696 low: 0.952 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 45.876 | |
| Forward PE/G | 4.372 | |
| Forward P/S | 15.1 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.907 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.025 | |
| Asset Turnover Ratio QoQ | -7.603 % | |
| Asset Turnover Ratio YoY | -6.226 % | |
| Asset Turnover Ratio IPRWA | high: 0.059 SLF: 0.025 mean: 0.024 median: 0.018 low: -0.001 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.003 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 31.5 B | |
| Net Invested Capital | $ 29.3 B | |
| Invested Capital | $ 29.3 B | |
| Net Tangible Assets | $ 10.8 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 1.612 % | |
| Interest Coverage Ratio | 8.566 | |
| Interest Coverage Ratio QoQ | -17.564 % | |
| Interest Coverage Ratio YoY | 12.795 % | |
| Interest Coverage Ratio IPRWA | high: 16.808 mean: 9.008 SLF: 8.566 median: 7.316 low: -3.438 |
|
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.479 | |
| Dividend Payout Ratio | 0.676 | |
| Dividend Rate | $ 0.93 | |
| Dividend Yield | 0.015 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.892 % | |
| Revenue Growth | -6.894 % | |
| Revenue Growth QoQ | -101.491 % | |
| Revenue Growth YoY | -156.568 % | |
| Revenue Growth IPRWA | high: 52.693 % mean: 7.397 % median: 3.296 % SLF: -6.894 % low: -112.973 % |
|
| Earnings Growth | 10.494 % | |
| Earnings Growth QoQ | 25.933 % | |
| Earnings Growth YoY | -28.452 % | |
| Earnings Growth IPRWA | high: 300.0 % mean: 50.317 % SLF: 10.494 % median: 8.815 % low: -203.448 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | 12.015 % | |
| EBIT Margin QoQ | -14.123 % | |
| EBIT Margin YoY | 2.789 % | |
| EBIT Margin IPRWA | high: 30.317 % median: 16.987 % mean: 15.041 % SLF: 12.015 % low: -15.679 % |
|
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 768.0 M | |
| Free Cash Flow Yield | 2.26 % | |
| Free Cash Flow Yield QoQ | -278.233 % | |
| Free Cash Flow Yield YoY | -43.948 % | |
| Free Cash Flow Yield IPRWA | high: 35.936 % mean: 5.953 % median: 3.152 % SLF: 2.26 % low: -3.613 % |
|
| Free Cash Growth | -285.956 % | |
| Free Cash Growth QoQ | 66.058 % | |
| Free Cash Growth YoY | 97.101 % | |
| Free Cash Growth IPRWA | high: 69.926 % median: -32.258 % mean: -58.824 % SLF: -285.956 % low: -472.426 % |
|
| Free Cash To Net Income | 0.987 | |
| Cash Flow Margin | 8.459 % | |
| Cash Flow To Earnings | 1.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.208 % | |
| Return On Assets QoQ | -22.677 % | |
| Return On Assets YoY | 0.0 % | |
| Return On Assets IPRWA | high: 0.849 % mean: 0.245 % SLF: 0.208 % median: 0.191 % low: -0.167 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.034 | |
| Return On Equity QoQ | -19.412 % | |
| Return On Equity YoY | 17.201 % | |
| Return On Equity IPRWA | high: 0.082 SLF: 0.034 mean: 0.032 median: 0.03 low: 0.006 |
|
| DuPont ROE | 3.338 % | |
| Return On Invested Capital (ROIC) | 3.01 % | |
| Return On Invested Capital QoQ | -19.346 % | |
| Return On Invested Capital YoY | -168.3 % | |
| Return On Invested Capital IPRWA | high: 4.396 % SLF: 3.01 % mean: 2.303 % median: 2.071 % low: -1.573 % |
|