Suncor Vs. Manulife: Which TSX Stock Is a Better Buy?
Suncor Vs. Manulife: Which TSX Stock Is a Better Buy?
The $64 billion integrated energy company incurred massive losses during the 2020 oil price war and coronavirus crisis. Nonetheless, Suncor recovered remarkably, as evidenced by its yearly profitability since 2021. The stock also delivered an overall return of 126.2% (31.2% compound annual growth rate) in three years.In most cases, Canadian investors choose their anchor holdings from TSX's top two heavyweight sectors, financials and energy. Banks and insurance companies comprise the financial sector, while oil and gas producers, energy equipment, and services providers comprise energy.
在大多數情況下，加拿大投資者會從tsx的兩個最重要的板塊中選擇他們的主要持倉，即金融業和能源板塊。銀行和保險公司構成了金融板塊，而油氣生產商、能源設備和服務提供商則構成了能源板塊。
Many blue-chip stocks from each sector stand out in 2024, and some are strong buys heading into the fourth quarter. The top picks in my list are Suncor Energy (TSX:SU) and Manulife Financial (TSX:MFC). I will give a head-to-head comparison and see which of the two is the better buy right now.
2024年，許多藍籌股在每個板塊中脫穎而出，並且有一些股票在即將到來的第四季度具有強勁的買入潛力。我名單中的首選股票是森科能源（tsx:su）和宏利金融（tsx:mfc）。我將進行一場對比，看看目前哪個更值得買入。
Oil bellwether
石油領頭羊
Suncor Energy is an oil bellwether in North America and is often described as Warren Buffett's favourite Canadian stock. The GOAT of investing owned the stock for almost 7.5 years before unloading all his stake in Q1 2021 due to the global pandemic.
森科能源是北美的石油領頭羊，常被形容爲禾倫·巴菲特最喜歡的加拿大股票。這位投資界的GOAt（最出色的投資者）在2021年第一季度由於全球大流行病而出售了他持有近7.5年的股份。
The $64 billion integrated energy company incurred massive losses during the 2020 oil price war and coronavirus crisis. Nonetheless, Suncor recovered remarkably, as evidenced by its yearly profitability since 2021. The stock also delivered an overall return of 126.2% (31.2% compound annual growth rate) in three years.
$640億綜合能源公司在2020年石油價格戰和冠狀病毒危機期間遭受重大損失。然而，森科能源自2021年以來的年度盈利表現出色。該股票在三年內的整體回報率爲126.2%（31.2%複合年增長率）。
If you invest today, the share price is $50.47 per share, while the dividend yield is 4.3%. Besides the 22.8% year-to-date gain, the quarterly payouts should be safe, given the low 37% payout ratio. Market analysts recommend a buy rating; their 12-month average price target is $60.69.
如果您今天投資，每股股價爲$50.47，而股息率爲4.3%。除了年初至今的22.8%上漲之外，考慮到低37%的派息比率，季度股息應該是安全的。市場分析師建議買入評級；他們的12個月平均目標價爲$60.69。
In the first half of 2024, net earnings declined 19.2% year-over-year to $3.2 billion. However, cash from operating activities and free funds flow increased 72.2% and 8.5% respectively to $6.6 billion and $3.2 billion from a year ago. Suncor's upstream production in Q2 2024 reached a record 771,000 barrels per day (bbls/d).
2024年上半年，淨利潤同比下降19.2%，至$32億。然而，經營活動現金流和自由資金流分別較去年增加了72.2%和8.5%，達到$66億和$32億。2024年第二季度，森科的上游產量達到創紀錄的每日77.1萬桶。
According to Rich Kruger, President and CEO of Suncor, the second quarter was about momentum and high-quality execution of major upstream and downstream activities. Because of clear priorities and the bulk of planned maintenance this year is complete, Kruger expects Suncor to deliver stronger financial results in the back half of 2024.
根據森科總裁兼首席執行官Rich Kruger的說法，第二季度關鍵在於動能和對上下游活動的高質量執行。由於明確的優先事項和今年大部分計劃內維護工作已經完成，Kruger預計森科將在2024年下半年取得更強勁的財務業績。
Suncor recently announced a record-breaking 24% year-over-year increase in refining throughput to 455,000 bbls/d and profit margins improvement from 11.5% to 14.9%. However, fluctuating crude oil prices remain a business risk.
森科能源最近宣佈，其煉油處理能力創紀錄地同比增加24％至455,000桶/日，利潤率從11.5％提高至14.9％。然而，波動的wti原油價格仍然是一個業務風險。
Industry icon
行業板塊
Manulife Financial, a $52 billion insurance icon and financial services provider, has raised dividends per share by 67% over the past five years. The most recent increase on February 14, 2024 was 9.6%. At $39.29 per share, current investors are up 38.9% year-to-date and partake in the 4% dividend.
宏利金融，一家520億美元的保險icon和金融服務提供商，過去五年將每股股息提高了67％。2024年2月14日最近一次漲幅爲9.6％。每股39.29美元，當前投資者年初至今增長了38.9％，並獲得了4％的分紅派息。
In the first half of 2024, net income declined 22% year-over-year to $1.9 billion, while core earnings and new business value (NBV) increased 11% and 28% to $3.5 billion and $1.4 billion from a year ago. Its President and CEO, Roy Gori, said Manulife is transforming toward a higher return and lower risk business. He notes the strong momentum of the growth engines, particularly the Asian market.
2024年上半年，淨利潤同比下降22％至190億美元，而核心盈利和新業務價值(NBV)分別比去年同期增長了11％和28％，至350億美元和140億美元。其總裁兼首席執行官Roy Gori表示，宏利金融正在轉變爲更高回報、更低風險的業務。他指出了增長引擎的強勁勢頭，特別是亞洲市場。
Blue-chip stocks
藍籌股
A thin line separates Suncor Energy and Manulife Financial because both are mature, established companies in their respective industries. The choice could depend on sector preference, although combining the blue-chip stocks in your portfolio might be wise.
森科能源和宏利金融之間只有一條細線，因爲它們都是各自行業中成熟、頗具實力的公司。選擇可能取決於板塊偏好，儘管在您的投資組合中增加藍籌股可能是明智之舉。
