MANULIFE FINANCIAL CORP (MFC) Stock Fundamental Analysis

NYSE:MFC • CA56501R1064

36.81 USD
-0.36 (-0.97%)
Last: Feb 18, 2026, 12:32 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, MFC scores 4 out of 10 in our fundamental rating. MFC was compared to 149 industry peers in the Insurance industry. Both the profitability and the financial health of MFC get a neutral evaluation. Nothing too spectacular is happening here. 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.
  • In the past year MFC had a positive cash flow from operations.
  • 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

  • With a Return On Assets value of 0.51%, MFC is not doing good in the industry: 69.13% of the companies in the same industry are doing better.
  • MFC's Return On Equity of 10.30% is in line compared to the rest of the industry. MFC outperforms 49.66% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 0.73%, MFC is doing worse than 62.42% 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 significantly below the industry average of 15.11%.
Industry RankSector Rank
ROA 0.51%
ROE 10.3%
ROIC 0.73%
ROA(3y)0.53%
ROA(5y)0.41%
ROE(3y)10.13%
ROE(5y)7.55%
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 72.48% of the companies in the same industry.
  • 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 77.85% 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 5Y20.92%
PM growth 3YN/A
PM growth 5Y11.52%
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. Health

2.1 Basic Checks

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

  • 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.
  • Looking at the Debt to FCF ratio, with a value of 0.46, MFC belongs to the top of the industry, outperforming 82.55% of the companies in the same industry.
  • A Debt/Equity ratio of 0.29 indicates that MFC is not too dependend on debt financing.
  • MFC has a Debt to Equity ratio (0.29) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 0.46
Altman-Z N/A
ROIC/WACC0.09
WACC8.18%
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. Growth

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

  • Based on estimates for the next years, MFC will show a small growth in Earnings Per Share. The EPS will grow by 4.26% on average per year.
  • MFC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.25% yearly.
EPS Next Y8.14%
EPS Next 2Y8.83%
EPS Next 3Y4.94%
EPS Next 5Y4.26%
Revenue Next Year8.5%
Revenue Next 2Y6.04%
Revenue Next 3Y16.24%
Revenue Next 5Y12.25%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less 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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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 11.91 indicates a reasonable valuation of MFC.
  • The rest of the industry has a similar Price/Earnings ratio as MFC.
  • When comparing the Price/Earnings ratio of MFC to the average of the S&P500 Index (27.16), we can say MFC is valued rather cheaply.
  • The Price/Forward Earnings ratio is 11.02, which indicates a very decent valuation of MFC.
  • 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 28.10, MFC is valued rather cheaply.
Industry RankSector Rank
PE 11.91
Fwd PE 11.02
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

  • 66.44% of the companies in the same industry are more expensive than MFC, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MFC indicates a rather cheap valuation: MFC is cheaper than 85.91% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.63
EV/EBITDA 7.69
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)1.46
PEG (5Y)1.34
EPS Next 2Y8.83%
EPS Next 3Y4.94%

More info and screens

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

5

5. Dividend

5.1 Amount

  • MFC has a Yearly Dividend Yield of 3.87%. Purely for dividend investing, there may be better candidates out there.
  • MFC's Dividend Yield is a higher than the industry average which is at 2.68.
  • Compared to an average S&P500 Dividend Yield of 1.82, MFC pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.87%

5.2 History

  • On average, the dividend of MFC grows each year by 10.03%, which is quite nice.
  • 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)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 2Y8.83%
EPS Next 3Y4.94%
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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MANULIFE FINANCIAL CORP

NYSE:MFC (2/18/2026, 12:32:44 PM)

36.81

-0.36 (-0.97%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-11
Earnings (Next)05-05
Inst Owners56.4%
Inst Owner Change-1.97%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap61.74B
Revenue(TTM)38.71B
Net Income(TTM)5.25B
Analysts75.79
Price Target40.94 (11.22%)
Short Float %0.45%
Short Ratio3.77
Dividend
Industry RankSector Rank
Dividend Yield 3.87%
Yearly Dividend1.42
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)5.11%
PT rev (3m)13.69%
EPS NQ rev (1m)0.3%
EPS NQ rev (3m)3.96%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)3.75%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.44%
Valuation
Industry RankSector Rank
PE 11.91
Fwd PE 11.02
P/S 2.18
P/FCF 2.63
P/OCF 2.63
P/B 1.65
P/tB 2.18
EV/EBITDA 7.69
EPS(TTM)3.09
EY8.39%
EPS(NY)3.34
Fwd EY9.08%
FCF(TTM)14.02
FCFY38.08%
OCF(TTM)14.02
OCFY38.08%
SpS16.9
BVpS22.25
TBVpS16.87
PEG (NY)1.46
PEG (5Y)1.34
Graham Number39.33
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)10.13%
ROE(5y)7.55%
ROIC(3y)0.76%
ROIC(5y)N/A
ROICexc(3y)0.78%
ROICexc(5y)N/A
ROICexgc(3y)1.79%
ROICexgc(5y)N/A
ROCE(3y)0.91%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y4.45%
ROICexc growth 3YN/A
ROICexc growth 5Y3.55%
OM growth 3YN/A
OM growth 5Y20.92%
PM growth 3YN/A
PM growth 5Y11.52%
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
WACC8.18%
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)518.1%
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 Y8.14%
EPS Next 2Y8.83%
EPS Next 3Y4.94%
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 5Y12.25%
EBIT growth 1Y-1.68%
EBIT growth 3YN/A
EBIT growth 5Y6.83%
EBIT Next Year-66.93%
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 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 8.14% in the next year.