MANULIFE FINANCIAL CORP (MFC) Fundamental Analysis & Valuation

NYSE:MFC • CA56501R1064

Current stock price

34.45 USD
-0.14 (-0.4%)
At close:
34.01 USD
-0.44 (-1.28%)
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.
  • In the past year MFC had a positive cash flow from operations.
  • 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 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 worse Return On Assets (0.51%) than 70.95% of its industry peers.
  • MFC has a Return On Equity of 10.30%. This is comparable to the rest of the industry: MFC outperforms 49.32% of its industry peers.
  • With a Return On Invested Capital value of 0.73%, MFC is not doing good in the industry: 64.19% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for MFC is significantly below the industry average of 9.34%.
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

  • The Profit Margin of MFC (13.57%) is better than 73.65% of its industry peers.
  • In the last couple of years the Profit Margin of MFC has grown nicely.
  • The Operating Margin of MFC (22.28%) is better than 77.03% of its industry peers.
  • 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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 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

  • 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 81.08% of its industry peers.
  • MFC has a Debt/Equity ratio of 0.29. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of MFC (0.29) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 0.46
Altman-Z N/A
ROIC/WACC0.09
WACC8.11%
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

  • 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.
  • 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

  • MFC is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.26% yearly.
  • MFC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.32% yearly.
EPS Next Y9.32%
EPS Next 2Y9.22%
EPS Next 3Y9.66%
EPS Next 5Y4.26%
Revenue Next Year8.5%
Revenue Next 2Y6.04%
Revenue Next 3Y16.24%
Revenue Next 5Y13.32%

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 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 5

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6

4. MFC Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.26, the valuation of MFC can be described as very reasonable.
  • MFC's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 25.23. MFC is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 10.29, the valuation of MFC can be described as very reasonable.
  • MFC's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of MFC to the average of the S&P500 Index (22.51), we can say MFC is valued rather cheaply.
Industry RankSector Rank
PE 11.26
Fwd PE 10.29
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 62.16% 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 2.48
EV/EBITDA 7.15
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)1.21
PEG (5Y)1.27
EPS Next 2Y9.22%
EPS Next 3Y9.66%

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

6

5. MFC Dividend Analysis

5.1 Amount

  • MFC has a Yearly Dividend Yield of 4.17%, which is a nice return.
  • MFC's Dividend Yield is a higher than the industry average which is at 2.84.
  • Compared to an average S&P500 Dividend Yield of 1.90, MFC pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.17%

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 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 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.
  • MFC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP62.94%
EPS Next 2Y9.22%
EPS Next 3Y9.66%
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 (3/26/2026, 8:04:00 PM)

After market: 34.01 -0.44 (-1.28%)

34.45

-0.14 (-0.4%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-11
Earnings (Next)05-05
Inst Owners55.76%
Inst Owner Change-4.75%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap57.75B
Revenue(TTM)38.71B
Net Income(TTM)5.25B
Analysts75.79
Price Target41.41 (20.2%)
Short Float %1.18%
Short Ratio7.86
Dividend
Industry RankSector Rank
Dividend Yield 4.17%
Yearly Dividend1.41
Dividend Growth(5Y)10.03%
DP62.94%
Div Incr Years3
Div Non Decr Years3
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)1.16%
PT rev (3m)7.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.44%
EPS NY rev (1m)1.1%
EPS NY rev (3m)1.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.26
Fwd PE 10.29
P/S 2.06
P/FCF 2.48
P/OCF 2.48
P/B 1.56
P/tB 2.06
EV/EBITDA 7.15
EPS(TTM)3.06
EY8.88%
EPS(NY)3.35
Fwd EY9.72%
FCF(TTM)13.9
FCFY40.34%
OCF(TTM)13.9
OCFY40.34%
SpS16.75
BVpS22.06
TBVpS16.72
PEG (NY)1.21
PEG (5Y)1.27
Graham Number38.97
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
WACC8.11%
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 Y9.32%
EPS Next 2Y9.22%
EPS Next 3Y9.66%
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 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 6 / 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 9.32% in the next year.