MANULIFE FINANCIAL CORP (MFC.CA) Fundamental Analysis & Valuation
TSX:MFC • CA56501R1064
Current stock price
51.39 CAD
+0.83 (+1.64%)
Last:
This MFC.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. MFC.CA Profitability Analysis
1.1 Basic Checks
- MFC had positive earnings in the past year.
- In the past year MFC had a positive cash flow from operations.
- Of the past 5 years MFC 4 years were profitable.
- Each year in the past 5 years MFC had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of MFC (0.51%) is comparable to the rest of the industry.
- Looking at the Return On Equity, with a value of 10.30%, MFC is doing worse than 78.48% of the companies in the same industry.
- The Return On Invested Capital of MFC (0.73%) is comparable to the rest of the industry.
- MFC had an Average Return On Invested Capital over the past 3 years of 0.76%. This is below the industry average of 3.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.51% | ||
| ROE | 10.3% | ||
| ROIC | 0.73% |
ROA(3y)0.53%
ROA(5y)0.41%
ROE(3y)10.1%
ROE(5y)7.53%
ROIC(3y)0.76%
ROIC(5y)N/A
1.3 Margins
- MFC has a Profit Margin of 13.57%. This is amongst the best in the industry. MFC outperforms 81.01% of its industry peers.
- In the last couple of years the Profit Margin of MFC has grown nicely.
- Looking at the Operating Margin, with a value of 22.28%, MFC is in the better half of the industry, outperforming 78.48% of the companies in the same industry.
- MFC's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.28% | ||
| PM (TTM) | 13.57% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5Y20.81%
PM growth 3YN/A
PM growth 5Y11.35%
GM growth 3YN/A
GM growth 5YN/A
2. MFC.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MFC is destroying value.
- Compared to 1 year ago, MFC has less shares outstanding
- MFC has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, MFC has an improved debt to assets ratio.
2.2 Solvency
- MFC has a debt to FCF ratio of 0.46. This is a very positive value and a sign of high solvency as it would only need 0.46 years to pay back of all of its debts.
- MFC's Debt to FCF ratio of 0.46 is amongst the best of the industry. MFC outperforms 82.28% of its industry peers.
- A Debt/Equity ratio of 0.29 indicates that MFC is not too dependend on debt financing.
- MFC's Debt to Equity ratio of 0.29 is in line compared to the rest of the industry. MFC outperforms 45.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 0.46 | ||
| Altman-Z | N/A |
ROIC/WACC0.09
WACC8.06%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. MFC.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 8.76% over the past year.
- MFC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.86% yearly.
- MFC shows a small growth in Revenue. In the last year, the Revenue has grown by 3.39%.
- MFC shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -11.65% yearly.
EPS 1Y (TTM)8.76%
EPS 3Y10.83%
EPS 5Y8.86%
EPS Q2Q%8.74%
Revenue 1Y (TTM)3.39%
Revenue growth 3Y19.45%
Revenue growth 5Y-11.65%
Sales Q2Q%-24.06%
3.2 Future
- The Earnings Per Share is expected to grow by 4.26% on average over the next years.
- The Revenue is expected to grow by 13.32% on average over the next years. This is quite good.
EPS Next Y9.1%
EPS Next 2Y9.21%
EPS Next 3Y9.86%
EPS Next 5Y4.26%
Revenue Next Year8.5%
Revenue Next 2Y6.04%
Revenue Next 3Y16.24%
Revenue Next 5Y13.32%
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.
4. MFC.CA Valuation Analysis
4.1 Price/Earnings Ratio
- MFC is valuated correctly with a Price/Earnings ratio of 12.18.
- 68.35% of the companies in the same industry are cheaper than MFC, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 27.18. MFC is valued rather cheaply when compared to this.
- With a Price/Forward Earnings ratio of 11.16, the valuation of MFC can be described as very reasonable.
- MFC's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. MFC is more expensive than 63.29% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 37.96. MFC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.18 | ||
| Fwd PE | 11.16 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MFC indicates a somewhat cheap valuation: MFC is cheaper than 67.09% of the companies listed in the same industry.
- MFC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MFC is cheaper than 72.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.68 | ||
| EV/EBITDA | 7.65 |
4.3 Compensation for Growth
- MFC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.34
PEG (5Y)1.37
EPS Next 2Y9.21%
EPS Next 3Y9.86%
5. MFC.CA Dividend Analysis
5.1 Amount
- MFC has a Yearly Dividend Yield of 3.84%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.69, MFC is paying slightly less dividend.
- MFC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
5.2 History
- The dividend of MFC is nicely growing with an annual growth rate of 10.03%!
- MFC has been paying a dividend for at least 10 years, so it has a reliable track record.
- MFC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.03%
Div Incr Years12
Div Non Decr Years15
5.3 Sustainability
- 62.94% of the earnings are spent on dividend by MFC. This is not a sustainable payout ratio.
- MFC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP62.94%
EPS Next 2Y9.21%
EPS Next 3Y9.86%
MFC.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:MFC (4/13/2026, 7:00:00 PM)
51.39
+0.83 (+1.64%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)05-13 2026-05-13/amc
Inst Owners55.61%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap86.14B
Revenue(TTM)38.71B
Net Income(TTM)5.25B
Analysts75.79
Price Target56.83 (10.59%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
Yearly Dividend1.94
Dividend Growth(5Y)10.03%
DP62.94%
Div Incr Years12
Div Non Decr Years15
Ex-Date02-25 2026-02-25 (0.485)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.84%
Min EPS beat(2)4.6%
Max EPS beat(2)11.07%
EPS beat(4)2
Avg EPS beat(4)3.07%
Min EPS beat(4)-2.89%
Max EPS beat(4)11.07%
EPS beat(8)6
Avg EPS beat(8)3.82%
EPS beat(12)9
Avg EPS beat(12)4.24%
EPS beat(16)11
Avg EPS beat(16)3.12%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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)0.13%
PT rev (3m)5.69%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.44%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)1.06%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.18 | ||
| Fwd PE | 11.16 | ||
| P/S | 2.23 | ||
| P/FCF | 2.68 | ||
| P/OCF | 2.68 | ||
| P/B | 1.69 | ||
| P/tB | 2.23 | ||
| EV/EBITDA | 7.65 |
EPS(TTM)4.22
EY8.21%
EPS(NY)4.6
Fwd EY8.96%
FCF(TTM)19.15
FCFY37.27%
OCF(TTM)19.15
OCFY37.27%
SpS23.09
BVpS30.4
TBVpS23.05
PEG (NY)1.34
PEG (5Y)1.37
Graham Number53.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.51% | ||
| ROE | 10.3% | ||
| ROCE | 0.86% | ||
| ROIC | 0.73% | ||
| ROICexc | 0.75% | ||
| ROICexgc | 1.75% | ||
| OM | 22.28% | ||
| PM (TTM) | 13.57% | ||
| GM | N/A | ||
| FCFM | 82.95% |
ROA(3y)0.53%
ROA(5y)0.41%
ROE(3y)10.1%
ROE(5y)7.53%
ROIC(3y)0.76%
ROIC(5y)N/A
ROICexc(3y)0.78%
ROICexc(5y)N/A
ROICexgc(3y)1.78%
ROICexgc(5y)N/A
ROCE(3y)0.9%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y4.35%
ROICexc growth 3YN/A
ROICexc growth 5Y3.45%
OM growth 3YN/A
OM growth 5Y20.81%
PM growth 3YN/A
PM growth 5Y11.35%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.29 | ||
| Debt/FCF | 0.46 | ||
| Debt/EBITDA | 1.54 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 5.69 | ||
| Cash Conversion | 337.91% | ||
| Profit Quality | 611.41% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
WACC8.06%
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)519.68%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.76%
EPS 3Y10.83%
EPS 5Y8.86%
EPS Q2Q%8.74%
EPS Next Y9.1%
EPS Next 2Y9.21%
EPS Next 3Y9.86%
EPS Next 5Y4.26%
Revenue 1Y (TTM)3.39%
Revenue growth 3Y19.45%
Revenue growth 5Y-11.65%
Sales Q2Q%-24.06%
Revenue Next Year8.5%
Revenue Next 2Y6.04%
Revenue Next 3Y16.24%
Revenue Next 5Y13.32%
EBIT growth 1Y-1.68%
EBIT growth 3YN/A
EBIT growth 5Y6.73%
EBIT Next Year-67.9%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y21.18%
FCF growth 3Y24.52%
FCF growth 5Y9.88%
OCF growth 1Y21.18%
OCF growth 3Y24.52%
OCF growth 5Y9.88%
MANULIFE FINANCIAL CORP / MFC.CA Fundamental Analysis FAQ
What is the fundamental rating for MFC stock?
ChartMill assigns a fundamental rating of 5 / 10 to MFC.CA.
Can you provide the valuation status for MANULIFE FINANCIAL CORP?
ChartMill assigns a valuation rating of 5 / 10 to MANULIFE FINANCIAL CORP (MFC.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for MANULIFE FINANCIAL CORP?
MANULIFE FINANCIAL CORP (MFC.CA) has a profitability rating of 5 / 10.
What are the PE and PB ratios of MANULIFE FINANCIAL CORP (MFC.CA) stock?
The Price/Earnings (PE) ratio for MANULIFE FINANCIAL CORP (MFC.CA) is 12.18 and the Price/Book (PB) ratio is 1.69.
How financially healthy is MANULIFE FINANCIAL CORP?
The financial health rating of MANULIFE FINANCIAL CORP (MFC.CA) is 4 / 10.