MANULIFE FINANCIAL CORP (MFC) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MFC • CA56501R1064

38.11 USD
-0.44 (-1.14%)
At close: Jan 30, 2026
38.11 USD
0 (0%)
After Hours: 1/30/2026, 8:04:38 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to MFC. MFC was compared to 148 industry peers in the Insurance industry. MFC has only an average score on both its financial health and profitability. MFC has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

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.
  • 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 0 5B 10B 15B 20B 25B

1.2 Ratios

  • MFC's Return On Assets of 0.53% is on the low side compared to the rest of the industry. MFC is outperformed by 70.27% of its industry peers.
  • Looking at the Return On Equity, with a value of 10.48%, MFC is in line with its industry, outperforming 49.32% of the companies in the same industry.
  • With a Return On Invested Capital value of 0.75%, MFC is not doing good in the industry: 63.51% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.53%
ROE 10.48%
ROIC 0.75%
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 Yearly ROA, ROE, ROICMFC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

  • With a decent Profit Margin value of 13.87%, MFC is doing good in the industry, outperforming 77.03% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MFC has grown nicely.
  • The Operating Margin of MFC (22.75%) is better than 80.41% of its industry peers.
  • In the last couple of years the Operating Margin of MFC has grown nicely.
Industry RankSector Rank
OM 22.75%
PM (TTM) 13.87%
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 Yearly Profit, Operating, Gross MarginsMFC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MFC is destroying value.
  • The number of shares outstanding for MFC has been reduced compared to 1 year ago.
  • The number of shares outstanding for MFC has been reduced compared to 5 years ago.
  • The debt/assets ratio for MFC has been reduced compared to a year ago.
MFC Yearly Shares OutstandingMFC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 200B 400B 600B 800B

2.2 Solvency

  • The Debt to FCF ratio of MFC is 0.44, which is an excellent value as it means it would take MFC, only 0.44 years of fcf income to pay off all of its debts.
  • MFC has a Debt to FCF ratio of 0.44. This is amongst the best in the industry. MFC outperforms 83.11% of its industry peers.
  • A Debt/Equity ratio of 0.26 indicates that MFC is not too dependend on debt financing.
  • The Debt to Equity ratio of MFC (0.26) is better than 60.14% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 0.44
Altman-Z N/A
ROIC/WACC0.09
WACC8.36%
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 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 5B 10B 15B 20B

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4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 9.55% over the past year.
  • MFC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.49% yearly.
  • Looking at the last year, MFC shows a small growth in Revenue. The Revenue has grown by 7.70% in the last year.
  • Measured over the past years, MFC shows a very negative growth in Revenue. The Revenue has been decreasing by -13.62% on average per year.
EPS 1Y (TTM)9.55%
EPS 3Y6.08%
EPS 5Y5.49%
EPS Q2Q%16%
Revenue 1Y (TTM)7.7%
Revenue growth 3Y-12.52%
Revenue growth 5Y-13.62%
Sales Q2Q%21.19%

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 5.15% on average per year.
  • Based on estimates for the next years, MFC will show a quite strong growth in Revenue. The Revenue will grow by 11.90% on average per year.
EPS Next Y8.17%
EPS Next 2Y8.45%
EPS Next 3Y8.81%
EPS Next 5Y5.15%
Revenue Next Year8.86%
Revenue Next 2Y8.68%
Revenue Next 3Y6.97%
Revenue Next 5Y11.9%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • 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 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 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 12.50, the valuation of MFC can be described as correct.
  • MFC's Price/Earnings is on the same level as the industry average.
  • MFC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.30.
  • Based on the Price/Forward Earnings ratio of 11.29, the valuation of MFC can be described as reasonable.
  • MFC's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, MFC is valued rather cheaply.
Industry RankSector Rank
PE 12.5
Fwd PE 11.29
MFC Price Earnings VS Forward Price EarningsMFC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • MFC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MFC is cheaper than 62.84% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MFC indicates a rather cheap valuation: MFC is cheaper than 84.46% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.84
EV/EBITDA 7.5
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)1.53
PEG (5Y)2.28
EPS Next 2Y8.45%
EPS Next 3Y8.81%

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6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.39%, MFC has a reasonable but not impressive dividend return.
  • MFC's Dividend Yield is rather good when compared to the industry average which is at 2.23. MFC pays more dividend than 80.41% of the companies in the same industry.
  • MFC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 3.39%

5.2 History

  • The dividend of MFC is nicely growing with an annual growth rate of 20.17%!
  • MFC has paid a dividend for at least 10 years, which is a reliable track record.
  • MFC has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)20.17%
Div Incr Years3
Div Non Decr Years3
MFC Yearly Dividends per shareMFC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

  • 60.48% 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.
DP60.48%
EPS Next 2Y8.45%
EPS Next 3Y8.81%
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 0 5B 10B 15B 20B 25B
MFC Dividend Payout.MFC Dividend Payout, showing the Payout Ratio.MFC Dividend Payout.PayoutRetained Earnings

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MANULIFE FINANCIAL CORP / MFC 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.


How profitable is MANULIFE FINANCIAL CORP (MFC) stock?

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


How financially healthy is MANULIFE FINANCIAL CORP?

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


What is the earnings growth outlook for MANULIFE FINANCIAL CORP?

The Earnings per Share (EPS) of MANULIFE FINANCIAL CORP (MFC) is expected to grow by 8.17% in the next year.