Logo image of MFC-PR-B.CA

MANULIFE FINANCIAL - MFCCN 4.65 PERP (MFC-PR-B.CA) Stock Fundamental Analysis

TSX:MFC-PR-B - Toronto Stock Exchange - CA56501R4035 - Currency: CAD

20.74  +0.17 (+0.83%)

Fundamental Rating

5

Overall MFC-PR-B gets a fundamental rating of 5 out of 10. We evaluated MFC-PR-B against 85 industry peers in the Insurance industry. Both the profitability and the financial health of MFC-PR-B get a neutral evaluation. Nothing too spectacular is happening here. MFC-PR-B is not valued too expensively and it also shows a decent growth rate. MFC-PR-B also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

Quickly go to:

5

1. Profitability

1.1 Basic Checks

MFC-PR-B had positive earnings in the past year.
MFC-PR-B had a positive operating cash flow in the past year.
Of the past 5 years MFC-PR-B 4 years were profitable.
In the past 5 years MFC-PR-B always reported a positive cash flow from operatings.
MFC-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFMFC-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B 20B 25B

1.2 Ratios

With a Return On Assets value of 0.52%, MFC-PR-B perfoms like the industry average, outperforming 54.65% of the companies in the same industry.
The Return On Equity of MFC-PR-B (9.84%) is worse than 75.58% of its industry peers.
MFC-PR-B has a Return On Invested Capital of 0.78%. This is in the better half of the industry: MFC-PR-B outperforms 63.95% of its industry peers.
Industry RankSector Rank
ROA 0.52%
ROE 9.84%
ROIC 0.78%
ROA(3y)0.27%
ROA(5y)0.44%
ROE(3y)5.1%
ROE(5y)7.68%
ROIC(3y)N/A
ROIC(5y)N/A
MFC-PR-B.CA Yearly ROA, ROE, ROICMFC-PR-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

MFC-PR-B's Profit Margin of 13.55% is amongst the best of the industry. MFC-PR-B outperforms 90.70% of its industry peers.
In the last couple of years the Profit Margin of MFC-PR-B has grown nicely.
With an excellent Operating Margin value of 23.43%, MFC-PR-B belongs to the best of the industry, outperforming 89.53% of the companies in the same industry.
MFC-PR-B's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 23.43%
PM (TTM) 13.55%
GM N/A
OM growth 3Y12.84%
OM growth 5Y19.32%
PM growth 3Y3.23%
PM growth 5Y14.2%
GM growth 3YN/A
GM growth 5YN/A
MFC-PR-B.CA Yearly Profit, Operating, Gross MarginsMFC-PR-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

More info and screens

4

2. Health

2.1 Basic Checks

MFC-PR-B has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for MFC-PR-B has been reduced compared to 1 year ago.
Compared to 5 years ago, MFC-PR-B has less shares outstanding
The debt/assets ratio for MFC-PR-B has been reduced compared to a year ago.
MFC-PR-B.CA Yearly Shares OutstandingMFC-PR-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
MFC-PR-B.CA Yearly Total Debt VS Total AssetsMFC-PR-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B

2.2 Solvency

MFC-PR-B has a debt to FCF ratio of 0.53. This is a very positive value and a sign of high solvency as it would only need 0.53 years to pay back of all of its debts.
MFC-PR-B has a better Debt to FCF ratio (0.53) than 95.35% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that MFC-PR-B is not too dependend on debt financing.
MFC-PR-B's Debt to Equity ratio of 0.27 is fine compared to the rest of the industry. MFC-PR-B outperforms 77.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.53
Altman-Z N/A
ROIC/WACC0.09
WACC8.48%
MFC-PR-B.CA Yearly LT Debt VS Equity VS FCFMFC-PR-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MFC-PR-B.CA Yearly Current Assets VS Current LiabilitesMFC-PR-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

More info and screens

5

3. Growth

3.1 Past

MFC-PR-B shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.82%, which is quite good.
Measured over the past 5 years, MFC-PR-B shows a small growth in Earnings Per Share. The EPS has been growing by 5.62% on average per year.
MFC-PR-B shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.76%.
MFC-PR-B shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -13.62% yearly.
EPS 1Y (TTM)12.82%
EPS 3Y6.3%
EPS 5Y5.62%
EPS Q2Q%14.52%
Revenue 1Y (TTM)11.76%
Revenue growth 3Y-12.52%
Revenue growth 5Y-13.62%
Sales Q2Q%48.7%

3.2 Future

Based on estimates for the next years, MFC-PR-B will show a small growth in Earnings Per Share. The EPS will grow by 4.04% on average per year.
The Revenue is expected to grow by 23.38% on average over the next years. This is a very strong growth
EPS Next Y6.1%
EPS Next 2Y7.83%
EPS Next 3Y2.96%
EPS Next 5Y4.04%
Revenue Next Year14.67%
Revenue Next 2Y11.05%
Revenue Next 3Y9.02%
Revenue Next 5Y23.38%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MFC-PR-B.CA Yearly Revenue VS EstimatesMFC-PR-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 20B 40B 60B 80B
MFC-PR-B.CA Yearly EPS VS EstimatesMFC-PR-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 5.32, the valuation of MFC-PR-B can be described as very cheap.
MFC-PR-B's Price/Earnings ratio is in line with the industry average.
MFC-PR-B is valuated cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 5.01, the valuation of MFC-PR-B can be described as very cheap.
MFC-PR-B's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of MFC-PR-B to the average of the S&P500 Index (22.10), we can say MFC-PR-B is valued rather cheaply.
Industry RankSector Rank
PE 5.32
Fwd PE 5.01
MFC-PR-B.CA Price Earnings VS Forward Price EarningsMFC-PR-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

MFC-PR-B's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MFC-PR-B is cheaper than 87.21% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MFC-PR-B is valued a bit cheaper than the industry average as 72.09% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 1.35
EV/EBITDA 2.5
MFC-PR-B.CA Per share dataMFC-PR-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

MFC-PR-B's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.87
PEG (5Y)0.95
EPS Next 2Y7.83%
EPS Next 3Y2.96%

More info and screens

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.19%, MFC-PR-B is a good candidate for dividend investing.
MFC-PR-B's Dividend Yield is comparable with the industry average which is at 4.24.
Compared to an average S&P500 Dividend Yield of 2.33, MFC-PR-B pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.19%

5.2 History

The dividend of MFC-PR-B is nicely growing with an annual growth rate of 20.17%!
MFC-PR-B has paid a dividend for at least 10 years, which is a reliable track record.
MFC-PR-B has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)20.17%
Div Incr Years0
Div Non Decr Years19
MFC-PR-B.CA Yearly Dividends per shareMFC-PR-B.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

MFC-PR-B pays out 62.26% of its income as dividend. This is not a sustainable payout ratio.
MFC-PR-B's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP62.26%
EPS Next 2Y7.83%
EPS Next 3Y2.96%
MFC-PR-B.CA Yearly Income VS Free CF VS DividendMFC-PR-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B 20B 25B
MFC-PR-B.CA Dividend Payout.MFC-PR-B.CA Dividend Payout, showing the Payout Ratio.MFC-PR-B.CA Dividend Payout.PayoutRetained Earnings

More info and screens

MANULIFE FINANCIAL - MFCCN 4.65 PERP

TSX:MFC-PR-B (3/7/2025, 7:00:00 PM)

20.74

+0.17 (+0.83%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-19 2025-02-19/amc
Earnings (Next)05-07 2025-05-07/amc
Inst Owners56.7%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap35.74B
Analysts76.67
Price Target24.5 (18.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.19%
Yearly Dividend1.79
Dividend Growth(5Y)20.17%
DP62.26%
Div Incr Years0
Div Non Decr Years19
Ex-Date03-05 2025-03-05 (0.29063)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.03%
Min EPS beat(2)5.71%
Max EPS beat(2)10.34%
EPS beat(4)4
Avg EPS beat(4)5.2%
Min EPS beat(4)2.05%
Max EPS beat(4)10.34%
EPS beat(8)7
Avg EPS beat(8)5.14%
EPS beat(12)9
Avg EPS beat(12)3.34%
EPS beat(16)12
Avg EPS beat(16)2.96%
Revenue beat(2)2
Avg Revenue beat(2)571.15%
Min Revenue beat(2)527.89%
Max Revenue beat(2)614.4%
Revenue beat(4)4
Avg Revenue beat(4)552.78%
Min Revenue beat(4)527.89%
Max Revenue beat(4)614.4%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)9.21%
PT rev (3m)17.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.52%
EPS NY rev (1m)-0.13%
EPS NY rev (3m)0.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)4.82%
Revenue NY rev (3m)4.82%
Valuation
Industry RankSector Rank
PE 5.32
Fwd PE 5.01
P/S 0.95
P/FCF 1.35
P/OCF 1.35
P/B 0.69
P/tB 0.88
EV/EBITDA 2.5
EPS(TTM)3.9
EY18.8%
EPS(NY)4.14
Fwd EY19.97%
FCF(TTM)15.37
FCFY74.13%
OCF(TTM)15.37
OCFY74.13%
SpS21.72
BVpS29.91
TBVpS23.49
PEG (NY)0.87
PEG (5Y)0.95
Profitability
Industry RankSector Rank
ROA 0.52%
ROE 9.84%
ROCE 0.92%
ROIC 0.78%
ROICexc 0.8%
ROICexgc 1.86%
OM 23.43%
PM (TTM) 13.55%
GM N/A
FCFM 70.77%
ROA(3y)0.27%
ROA(5y)0.44%
ROE(3y)5.1%
ROE(5y)7.68%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-2.15%
ROICexcg growth 5Y-0.07%
ROICexc growth 3Y-3.34%
ROICexc growth 5Y-0.84%
OM growth 3Y12.84%
OM growth 5Y19.32%
PM growth 3Y3.23%
PM growth 5Y14.2%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.53
Debt/EBITDA 1.47
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 5.57
Cash Conversion 274.83%
Profit Quality 522.15%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC8.48%
ROIC/WACC0.09
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.82%
EPS 3Y6.3%
EPS 5Y5.62%
EPS Q2Q%14.52%
EPS Next Y6.1%
EPS Next 2Y7.83%
EPS Next 3Y2.96%
EPS Next 5Y4.04%
Revenue 1Y (TTM)11.76%
Revenue growth 3Y-12.52%
Revenue growth 5Y-13.62%
Sales Q2Q%48.7%
Revenue Next Year14.67%
Revenue Next 2Y11.05%
Revenue Next 3Y9.02%
Revenue Next 5Y23.38%
EBIT growth 1Y9.56%
EBIT growth 3Y-1.3%
EBIT growth 5Y3.07%
EBIT Next Year-70.25%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y29.73%
FCF growth 3Y4.59%
FCF growth 5Y5.22%
OCF growth 1Y29.73%
OCF growth 3Y4.59%
OCF growth 5Y5.22%