MANULIFE FINANCIAL CORP (MFC) Fundamental Analysis & Valuation

NYSE:MFC • CA56501R1064

Current stock price

36.52 USD
-0.07 (-0.19%)
At close:
36.09 USD
-0.43 (-1.18%)
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.
  • MFC had positive earnings in 4 of the past 5 years.
  • 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

  • With a Return On Assets value of 0.51%, MFC is not doing good in the industry: 70.95% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of 10.30%, MFC is in line with its industry, outperforming 48.65% 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 62.84% 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 9.46%.
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

  • MFC has a better Profit Margin (13.57%) than 73.65% of its industry peers.
  • MFC's Profit Margin has improved in the last couple of years.
  • MFC has a Operating Margin of 22.28%. This is in the better half of the industry: MFC outperforms 77.70% 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

More info and screens

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.
  • MFC has less shares outstanding than it did 1 year ago.
  • MFC has less shares outstanding than it did 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

  • 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 has a better Debt to FCF ratio (0.46) than 81.08% of its industry peers.
  • A Debt/Equity ratio of 0.29 indicates that MFC is not too dependend on debt financing.
  • MFC's Debt to Equity ratio of 0.29 is in line compared to the rest of the industry. MFC outperforms 55.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 0.46
Altman-Z N/A
ROIC/WACC0.09
WACC8.1%
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

More info and screens

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.
  • MFC shows a small growth in Revenue. In the last year, the Revenue has grown by 3.39%.
  • 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.
  • The Revenue is expected to grow by 13.32% on average over the next years. This is quite good.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

6

4. MFC Valuation Analysis

4.1 Price/Earnings Ratio

  • MFC is valuated reasonably with a Price/Earnings ratio of 11.97.
  • Compared to the rest of the industry, the Price/Earnings ratio of MFC is on the same level as its industry peers.
  • MFC is valuated cheaply when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 10.96, the valuation of MFC can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MFC is on the same level as its industry peers.
  • MFC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.54.
Industry RankSector Rank
PE 11.97
Fwd PE 10.96
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 61.49% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MFC is valued cheaper than 83.78% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.64
EV/EBITDA 7.67
MFC Per share dataMFC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

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)1.28
PEG (5Y)1.35
EPS Next 2Y9.22%
EPS Next 3Y9.66%

More info and screens

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

6

5. MFC Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.15%, MFC is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.55, MFC pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, MFC pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.15%

5.2 History

  • The dividend of MFC is nicely growing with an annual growth rate of 10.03%!
  • 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.
  • The dividend of MFC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP62.94%
EPS Next 2Y9.22%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

MFC Fundamentals: All Metrics, Ratios and Statistics

MANULIFE FINANCIAL CORP

NYSE:MFC (4/10/2026, 7:00:00 PM)

After market: 36.09 -0.43 (-1.18%)

36.52

-0.07 (-0.19%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-11
Earnings (Next)05-05
Inst Owners55.76%
Inst Owner Change0%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap61.22B
Revenue(TTM)38.71B
Net Income(TTM)5.25B
Analysts75.79
Price Target41.41 (13.39%)
Short Float %0.33%
Short Ratio2.12
Dividend
Industry RankSector Rank
Dividend Yield 4.15%
Yearly Dividend1.4
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%
PT rev (3m)6.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.44%
EPS NY rev (1m)0%
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 11.97
Fwd PE 10.96
P/S 2.19
P/FCF 2.64
P/OCF 2.64
P/B 1.66
P/tB 2.19
EV/EBITDA 7.67
EPS(TTM)3.05
EY8.35%
EPS(NY)3.33
Fwd EY9.13%
FCF(TTM)13.84
FCFY37.89%
OCF(TTM)13.84
OCFY37.89%
SpS16.68
BVpS21.96
TBVpS16.65
PEG (NY)1.28
PEG (5Y)1.35
Graham Number38.82
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
WACC8.1%
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.


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 11.97 and the Price/Book (PB) ratio is 1.66.


How financially healthy is MANULIFE FINANCIAL CORP?

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