MANULIFE FINANCIAL CORP (MFC) Fundamental Analysis & Valuation

NYSE:MFC • CA56501R1064

Current stock price

39.1 USD
-0.19 (-0.48%)
At close:
39.1 USD
0 (0%)
After Hours:

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

4

1. MFC Profitability Analysis

1.1 Basic Checks

  • MFC had positive earnings in the past year.
  • MFC had a positive operating cash flow in the past year.
  • Of the past 5 years MFC 4 years were profitable.
  • In the past 5 years MFC always reported a positive cash flow from operatings.
MFC Yearly Net Income VS EBIT VS OCF VS FCFMFC 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 has a Return On Assets of 0.51%. This is in the lower half of the industry: MFC underperforms 71.43% of its industry peers.
  • Looking at the Return On Equity, with a value of 10.30%, MFC is in line with its industry, outperforming 46.94% of the companies in the same industry.
  • MFC has a Return On Invested Capital of 0.73%. This is in the lower half of the industry: MFC underperforms 63.95% of its industry peers.
  • MFC had an Average Return On Invested Capital over the past 3 years of 0.76%. This is significantly below the industry average of 9.60%.
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 Yearly ROA, ROE, ROICMFC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 13.57%, MFC is in the better half of the industry, outperforming 69.39% of the companies in the same industry.
  • MFC's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 22.28%, MFC is in the better half of the industry, outperforming 78.23% of the companies in the same industry.
  • MFC's Operating Margin has improved in the last couple of years.
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 Yearly Profit, Operating, Gross MarginsMFC 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 Health Analysis

2.1 Basic Checks

  • MFC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • MFC has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MFC has been reduced compared to 5 years ago.
  • MFC has a better debt/assets ratio than last year.
MFC Yearly Shares OutstandingMFC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
MFC Yearly Total Debt VS Total AssetsMFC 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.
  • The Debt to FCF ratio of MFC (0.46) is better than 82.99% 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 55.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 0.46
Altman-Z N/A
ROIC/WACC0.09
WACC8.22%
MFC Yearly LT Debt VS Equity VS FCFMFC 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 Yearly Current Assets VS Current LiabilitesMFC 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 Growth Analysis

3.1 Past

  • MFC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.76%, which is quite good.
  • Measured over the past years, MFC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.86% on average per year.
  • The Revenue has been growing slightly by 3.39% in the past year.
  • Measured over the past years, MFC shows a very negative growth in Revenue. The Revenue has been decreasing by -11.65% on average per year.
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 6.40% on average over the next years.
  • 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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MFC Yearly Revenue VS EstimatesMFC 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 Yearly EPS VS EstimatesMFC 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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5

4. MFC Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.65 indicates a correct valuation of MFC.
  • Compared to the rest of the industry, the Price/Earnings ratio of MFC is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, MFC is valued rather cheaply.
  • MFC is valuated reasonably with a Price/Forward Earnings ratio of 11.61.
  • MFC's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 21.36. MFC is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 12.65
Fwd PE 11.61
MFC Price Earnings VS Forward Price EarningsMFC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • MFC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MFC is cheaper than 60.54% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MFC is valued cheaper than 84.35% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.78
EV/EBITDA 8.19
MFC Per share dataMFC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

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)1.39
PEG (5Y)1.43
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 Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.63%, MFC has a reasonable but not impressive dividend return.
  • MFC's Dividend Yield is a higher than the industry average which is at 2.37.
  • MFC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.63%

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 in the last 3 years.
Dividend Growth(5Y)10.03%
Div Incr Years4
Div Non Decr Years4
MFC Yearly Dividends per shareMFC 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

  • 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 Yearly Income VS Free CF VS DividendMFC 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 Dividend Payout.MFC Dividend Payout, showing the Payout Ratio.MFC Dividend Payout.PayoutRetained Earnings

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MFC Fundamentals: All Metrics, Ratios and Statistics

MANULIFE FINANCIAL CORP

NYSE:MFC (5/1/2026, 8:04:00 PM)

After market: 39.1 0 (0%)

39.1

-0.19 (-0.48%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Industry Strength39.37
Industry Growth44.03
Earnings (Last)02-11
Earnings (Next)05-13
Inst Owners55.61%
Inst Owner Change0.05%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap65.38B
Revenue(TTM)38.71B
Net Income(TTM)5.25B
Analysts75.79
Price Target41.64 (6.5%)
Short Float %0.27%
Short Ratio1.78
Dividend
Industry RankSector Rank
Dividend Yield 3.63%
Yearly Dividend1.42
Dividend Growth(5Y)10.03%
DP62.94%
Div Incr Years4
Div Non Decr Years4
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)-0.45%
PT rev (3m)4.45%
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 12.65
Fwd PE 11.61
P/S 2.31
P/FCF 2.78
P/OCF 2.78
P/B 1.75
P/tB 2.31
EV/EBITDA 8.19
EPS(TTM)3.09
EY7.9%
EPS(NY)3.37
Fwd EY8.62%
FCF(TTM)14.05
FCFY35.93%
OCF(TTM)14.05
OCFY35.93%
SpS16.94
BVpS22.3
TBVpS16.9
PEG (NY)1.39
PEG (5Y)1.43
Graham Number39.3711 (0.69%)
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
WACC8.22%
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 Fundamental Analysis FAQ

What is the fundamental rating for MFC stock?

ChartMill assigns a fundamental rating of 4 / 10 to MFC.


Can you provide the valuation status for MANULIFE FINANCIAL CORP?

ChartMill assigns a valuation rating of 5 / 10 to MANULIFE FINANCIAL CORP (MFC). This can be considered as Fairly Valued.


Can you provide the profitability details for MANULIFE FINANCIAL CORP?

MANULIFE FINANCIAL CORP (MFC) has a profitability rating of 4 / 10.


What are the PE and PB ratios of MANULIFE FINANCIAL CORP (MFC) stock?

The Price/Earnings (PE) ratio for MANULIFE FINANCIAL CORP (MFC) is 12.65 and the Price/Book (PB) ratio is 1.75.


How financially healthy is MANULIFE FINANCIAL CORP?

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