MANULIFE FINANCIAL CORP - MFCCN 3.675 PERP (MFC-PR-N.CA) Stock Fundamental Analysis
TSX:MFC-PR-N - Toronto Stock Exchange - CA56501R6766 - Currency: CAD
Overall MFC-PR-N gets a fundamental rating of 5 out of 10. We evaluated MFC-PR-N against 85 industry peers in the Insurance industry. MFC-PR-N has only an average score on both its financial health and profitability. MFC-PR-N is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year MFC-PR-N was profitable.
MFC-PR-N had a positive operating cash flow in the past year.
MFC-PR-N had positive earnings in 4 of the past 5 years.
Each year in the past 5 years MFC-PR-N had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MFC-PR-N (0.52%) is comparable to the rest of the industry.
MFC-PR-N has a worse Return On Equity (9.84%) than 76.74% of its industry peers.
MFC-PR-N's Return On Invested Capital of 0.78% is fine compared to the rest of the industry. MFC-PR-N outperforms 62.79% of its industry peers.
| Industry Rank | Sector 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
1.3 Margins
With an excellent Profit Margin value of 13.55%, MFC-PR-N belongs to the best of the industry, outperforming 89.53% of the companies in the same industry.
MFC-PR-N's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 23.43%, MFC-PR-N belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
In the last couple of years the Operating Margin of MFC-PR-N has grown nicely.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MFC-PR-N is destroying value.
MFC-PR-N has less shares outstanding than it did 1 year ago.
MFC-PR-N has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, MFC-PR-N has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of MFC-PR-N is 0.53, which is an excellent value as it means it would take MFC-PR-N, only 0.53 years of fcf income to pay off all of its debts.
MFC-PR-N has a better Debt to FCF ratio (0.53) than 94.19% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that MFC-PR-N is not too dependend on debt financing.
MFC-PR-N has a better Debt to Equity ratio (0.27) than 76.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 0.53 | ||
| Altman-Z | N/A |
ROIC/WACC0.09
WACC8.45%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.82% over the past year.
MFC-PR-N shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.62% yearly.
MFC-PR-N shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.76%.
The Revenue for MFC-PR-N have been decreasing by -13.62% on average. This is quite bad
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
The Earnings Per Share is expected to grow by 4.04% on average over the next years.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.68 indicates a rather cheap valuation of MFC-PR-N.
MFC-PR-N's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 29.35. MFC-PR-N is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 5.35 indicates a rather cheap valuation of MFC-PR-N.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MFC-PR-N is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, MFC-PR-N is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.68 | ||
| Fwd PE | 5.35 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MFC-PR-N is valued cheaper than 86.05% of the companies in the same industry.
67.44% of the companies in the same industry are more expensive than MFC-PR-N, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.44 | ||
| EV/EBITDA | 2.76 |
4.3 Compensation for Growth
MFC-PR-N's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.93
PEG (5Y)1.01
EPS Next 2Y7.83%
EPS Next 3Y2.96%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.19%, MFC-PR-N is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.24, MFC-PR-N has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, MFC-PR-N pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
5.2 History
The dividend of MFC-PR-N is nicely growing with an annual growth rate of 20.17%!
MFC-PR-N has been paying a dividend for at least 10 years, so it has a reliable track record.
MFC-PR-N has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)20.17%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
MFC-PR-N pays out 62.26% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MFC-PR-N is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP62.26%
EPS Next 2Y7.83%
EPS Next 3Y2.96%
MANULIFE FINANCIAL CORP - MFCCN 3.675 PERP
TSX:MFC-PR-N (3/7/2025, 7:00:00 PM)
22.16
+0.03 (+0.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners56.7%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap38.19B
Analysts76.67
Price Target25.21 (13.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
Yearly Dividend1.79
Dividend Growth(5Y)20.17%
DP62.26%
Div Incr Years0
Div Non Decr Years3
Ex-Date
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)-0.79%
PT rev (3m)14.77%
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.68 | ||
| Fwd PE | 5.35 | ||
| P/S | 1.02 | ||
| P/FCF | 1.44 | ||
| P/OCF | 1.44 | ||
| P/B | 0.74 | ||
| P/tB | 0.94 | ||
| EV/EBITDA | 2.76 |
EPS(TTM)3.9
EY17.6%
EPS(NY)4.14
Fwd EY18.69%
FCF(TTM)15.37
FCFY69.38%
OCF(TTM)15.37
OCFY69.38%
SpS21.72
BVpS29.91
TBVpS23.49
PEG (NY)0.93
PEG (5Y)1.01
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC8.45%
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%