MANULIFE FINANCIAL CORP (MFC.CA) Fundamental Analysis & Valuation

TSX:MFC • CA56501R1064

Current stock price

52.63 CAD
-0.29 (-0.55%)
Last:

This MFC.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. MFC.CA Profitability Analysis

1.1 Basic Checks

  • In the past year MFC was profitable.
  • MFC had a positive operating cash flow in the past year.
  • Of the past 5 years MFC 4 years were profitable.
  • MFC had a positive operating cash flow in each of the past 5 years.
MFC.CA Yearly Net Income VS EBIT VS OCF VS FCFMFC.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

1.2 Ratios

  • MFC's Return On Assets of 0.51% is in line compared to the rest of the industry. MFC outperforms 50.63% of its industry peers.
  • 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.
  • Looking at the Return On Invested Capital, with a value of 0.73%, MFC is in line with its industry, outperforming 59.49% of the companies in the same industry.
  • MFC had an Average Return On Invested Capital over the past 3 years of 0.76%. This is below the industry average of 3.22%.
Industry RankSector 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
MFC.CA Yearly ROA, ROE, ROICMFC.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

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.
  • MFC's Operating Margin of 22.28% is fine compared to the rest of the industry. MFC outperforms 78.48% of its industry peers.
  • In the last couple of years the Operating Margin of MFC has grown nicely.
Industry RankSector 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
MFC.CA Yearly Profit, Operating, Gross MarginsMFC.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

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
  • Compared to 5 years ago, MFC has less shares outstanding
  • Compared to 1 year ago, MFC has an improved debt to assets ratio.
MFC.CA Yearly Shares OutstandingMFC.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
MFC.CA Yearly Total Debt VS Total AssetsMFC.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B 800B 1T

2.2 Solvency

  • The Debt to FCF ratio of MFC is 0.46, which is an excellent value as it means it would take MFC, only 0.46 years of fcf income to pay off all of its debts.
  • MFC has a better Debt to FCF ratio (0.46) than 82.28% of its industry peers.
  • A Debt/Equity ratio of 0.29 indicates that MFC is not too dependend on debt financing.
  • MFC has a Debt to Equity ratio of 0.29. This is comparable to the rest of the industry: MFC outperforms 45.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 0.46
Altman-Z N/A
ROIC/WACC0.09
WACC8.19%
MFC.CA Yearly LT Debt VS Equity VS FCFMFC.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MFC.CA Yearly Current Assets VS Current LiabilitesMFC.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MFC.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.76% over the past year.
  • The Earnings Per Share has been growing by 8.86% on average over the past years. This is quite good.
  • Looking at the last year, MFC shows a small growth in Revenue. The Revenue has grown by 3.39% in the last year.
  • The Revenue for MFC have been decreasing by -11.65% on average. This is quite bad
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

  • Based on estimates for the next years, MFC will show a small growth in Earnings Per Share. The EPS will grow by 6.40% on average per year.
  • The Revenue is expected to grow by 11.42% on average over the next years. This is quite good.
EPS Next Y9.1%
EPS Next 2Y9.21%
EPS Next 3Y9.86%
EPS Next 5Y6.4%
Revenue Next Year7.92%
Revenue Next 2Y7.07%
Revenue Next 3Y7.22%
Revenue Next 5Y11.42%

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.
MFC.CA Yearly Revenue VS EstimatesMFC.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B
MFC.CA Yearly EPS VS EstimatesMFC.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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4

4. MFC.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.47, the valuation of MFC can be described as correct.
  • MFC's Price/Earnings ratio is a bit more expensive when compared to the industry. MFC is more expensive than 67.09% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.35. MFC is valued rather cheaply when compared to this.
  • MFC is valuated reasonably with a Price/Forward Earnings ratio of 11.43.
  • 62.03% of the companies in the same industry are cheaper than MFC, based on the Price/Forward Earnings ratio.
  • MFC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.23, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.47
Fwd PE 11.43
MFC.CA Price Earnings VS Forward Price EarningsMFC.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MFC is valued a bit cheaper than 67.09% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MFC is valued a bit cheaper than the industry average as 72.15% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.74
EV/EBITDA 8.05
MFC.CA Per share dataMFC.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.37
PEG (5Y)1.41
EPS Next 2Y9.21%
EPS Next 3Y9.86%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MFC.CA Dividend Analysis

5.1 Amount

  • MFC has a Yearly Dividend Yield of 3.66%. Purely for dividend investing, there may be better candidates out there.
  • MFC's Dividend Yield is slightly below the industry average, which is at 3.61.
  • MFC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.66%

5.2 History

  • On average, the dividend of MFC grows each year by 10.03%, which is quite nice.
  • 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
MFC.CA Yearly Dividends per shareMFC.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • MFC pays out 62.94% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of MFC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP62.94%
EPS Next 2Y9.21%
EPS Next 3Y9.86%
MFC.CA Yearly Income VS Free CF VS DividendMFC.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B
MFC.CA Dividend Payout.MFC.CA Dividend Payout, showing the Payout Ratio.MFC.CA Dividend Payout.PayoutRetained Earnings

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MFC.CA Fundamentals: All Metrics, Ratios and Statistics

MANULIFE FINANCIAL CORP

TSX:MFC (4/27/2026, 7:00:00 PM)

52.63

-0.29 (-0.55%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-11
Earnings (Next)05-13
Inst Owners55.61%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap88.01B
Revenue(TTM)38.71B
Net Income(TTM)5.25B
Analysts75.79
Price Target56.83 (7.98%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.66%
Yearly Dividend1.94
Dividend Growth(5Y)10.03%
DP62.94%
Div Incr Years12
Div Non Decr Years15
Ex-Date02-25
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)3.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.62%
EPS NY rev (1m)-0.2%
EPS NY rev (3m)0.89%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.53%
Revenue NY rev (3m)-0.53%
Valuation
Industry RankSector Rank
PE 12.47
Fwd PE 11.43
P/S 2.27
P/FCF 2.74
P/OCF 2.74
P/B 1.73
P/tB 2.28
EV/EBITDA 8.05
EPS(TTM)4.22
EY8.02%
EPS(NY)4.6
Fwd EY8.75%
FCF(TTM)19.2
FCFY36.48%
OCF(TTM)19.2
OCFY36.48%
SpS23.15
BVpS30.47
TBVpS23.1
PEG (NY)1.37
PEG (5Y)1.41
Graham Number53.7901 (2.2%)
Profitability
Industry RankSector 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 RankSector 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
WACC8.19%
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 5Y6.4%
Revenue 1Y (TTM)3.39%
Revenue growth 3Y19.45%
Revenue growth 5Y-11.65%
Sales Q2Q%-24.06%
Revenue Next Year7.92%
Revenue Next 2Y7.07%
Revenue Next 3Y7.22%
Revenue Next 5Y11.42%
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 4 / 10 to MFC.CA.


Can you provide the valuation status for MANULIFE FINANCIAL CORP?

ChartMill assigns a valuation rating of 4 / 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 12.47 and the Price/Book (PB) ratio is 1.73.


How financially healthy is MANULIFE FINANCIAL CORP?

The financial health rating of MANULIFE FINANCIAL CORP (MFC.CA) is 4 / 10.