Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States.
Undervalued with proven track record.
Share Price & News
How has Manulife Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
7 Day Return
1 Year Return
Return vs Industry: MFC exceeded the Canadian Insurance industry which returned 10% over the past year.
Return vs Market: MFC exceeded the Canadian Market which returned 1.1% over the past year.
Price Volatility Vs. Market
How volatile is Manulife Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDoes Manulife Financial Corporation (TSE:MFC) Have A Place In Your Dividend Portfolio?
2 weeks ago | Simply Wall StA Holistic Look At Manulife Financial Corporation (TSE:MFC)
1 month ago | Simply Wall StThe Manulife Financial (TSE:MFC) Share Price Has Gained 32% And Shareholders Are Hoping For More
Is Manulife Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: MFC (CA$24.33) is trading below our estimate of fair value (CA$49.47)
Significantly Undervalued: MFC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MFC is good value based on its PE Ratio (8.5x) compared to the Insurance industry average (12.7x).
PE vs Market: MFC is good value based on its PE Ratio (8.5x) compared to the Canadian market (13.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: MFC is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: MFC is good value based on its PB Ratio (1.1x) compared to the CA Insurance industry average (1.1x).
How is Manulife Financial forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MFC's forecast earnings growth (7.8% per year) is above the savings rate (1.9%).
Earnings vs Market: MFC's earnings (7.8% per year) are forecast to grow slower than the Canadian market (13.6% per year).
High Growth Earnings: MFC's earnings are forecast to grow, but not significantly.
Revenue vs Market: MFC's revenue is expected to decline over the next 3 years (-7.5% per year).
High Growth Revenue: MFC's revenue is forecast to decline over the next 3 years (-7.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: MFC's Return on Equity is forecast to be low in 3 years time (12.5%).
How has Manulife Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MFC's earnings have grown by 5% per year over the past 5 years.
Accelerating Growth: MFC's earnings growth over the past year (186.5%) exceeds its 5-year average (5% per year).
Earnings vs Industry: MFC earnings growth over the past year (186.5%) exceeded the Insurance industry -0.8%.
Return on Equity
High ROE: MFC's Return on Equity (12%) is considered low.
Return on Assets
ROA vs Industry: MFC's Return on Assets is below or equal to the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: MFC has significantly improved its Return on Capital Employed over the past 3 years.
How is Manulife Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: MFC has a low level of unsold assets or inventory.
Debt Coverage by Assets: MFC's debt is covered by short term assets (assets are 3.899130x debt).
Financial Institutions Analysis
Asset Level: MFC's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if MFC has a sufficient allowance for bad loans.
Low Risk Liabilities: MFC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MFC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MFC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MFC has an appropriate level of bad loans.
What is Manulife Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MFC's dividend (4.11%) is higher than the bottom 25% of dividend payers in the Canadian market (2.04%).
High Dividend: MFC's dividend (4.11%) is low compared to the top 25% of dividend payers in the Canadian market (6.03%).
Stable Dividend: MFC's dividend payments have been volatile in the past 10 years.
Growing Dividend: MFC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.9%), MFC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MFC's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).
What is the CEO of Manulife Financial's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Roy Gori (49yo)
Mr. Rocco Gori, more commonly known as Roy, is Manulife's President and Chief Executive Officer. He was named President on June 5, 2017 and named Chief Executive Officer on October 1, 2017. Along with serv ...
CEO Compensation Analysis
Compensation vs. Market: Roy has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Canadian market.
Compensation vs Earnings: Roy's compensation has been consistent with company performance over the past year.
Management Age and Tenure
Experienced Management: MFC's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Age and Tenure
Experienced Board: MFC's board of directors are considered experienced (8 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Member of the Board of Directors
Scott Hartz (58yo)
Chief Investment Officer
- Tenure: 0.6yrs
Marianne Harrison (55yo)
President & CEO of John Hancock
- Tenure: 6.8yrs
- Compensation: CA$5.92m
Pam Kimmet (60yo)
Chief Human Resources Officer
- Tenure: 1yrs
- Compensation: CA$182.77k
Roy Gori (49yo)
- Tenure: 2yrs
- Compensation: CA$12.99m
Executive VP & Chief Accounting Officer
- Tenure: 0yrs
CEO & President of Manulife Asia
- Tenure: 1.9yrs
- Compensation: CA$5.11m
Chief Financial Officer
- Tenure: 1.8yrs
- Compensation: CA$4.60m
Head of Investor Relations
- Tenure: 1.1yrs
Shamus Edward Weiland
Chief Information Officer
- Tenure: 0.5yrs
Executive VP & COO
- Tenure: 0.3yrs
John Cassaday (65yo)
Chairman of the Board
- Tenure: 1.4yrs
- Compensation: CA$480.80k
Jim Prieur (68yo)
- Tenure: 6.8yrs
- Compensation: CA$331.14k
Lesley Daniels Webster (67yo)
- Tenure: 7yrs
- Compensation: CA$281.53k
Don Lindsay (60yo)
- Tenure: 9.2yrs
- Compensation: CA$305.96k
Andrea Rosen (65yo)
- Tenure: 8.2yrs
- Compensation: CA$287.61k
John Ralph Palmer (75yo)
- Tenure: 9.9yrs
- Compensation: CA$269.27k
Joe Caron (71yo)
- Tenure: 9yrs
- Compensation: CA$284.01k
Roy Gori (49yo)
- Tenure: 2yrs
- Compensation: CA$12.99m
Tsun-Yan Hsieh (66yo)
- Tenure: 8yrs
- Compensation: CA$358.07k
Sheila S. Fraser (68yo)
- Tenure: 7.9yrs
- Compensation: CA$324.08k
Manulife Financial Corporation's company bio, employee growth, exchange listings and data sources
- Name: Manulife Financial Corporation
- Ticker: MFC
- Exchange: TSX
- Founded: 1887
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: CA$47.502b
- Shares outstanding: 1.95b
- Website: https://www.manulife.com
Number of Employees
- Manulife Financial Corporation
- 200 Bloor Street East
- NT 11
- M4W 1E5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MFC||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 1999|
|0V5H||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Sep 1999|
|MLU||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1999|
|945||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Common Shares||HK||HKD||Sep 1999|
|MFC||PSE (Philippines Stock Exchange)||Yes||Common Shares||PH||PHP||Sep 1999|
|MFC||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Sep 1999|
|MFC.PRC||TSX (The Toronto Stock Exchange)||PFD CL A SER 3||CA||CAD||Jan 2006|
|MFC.PRF||TSX (The Toronto Stock Exchange)||CV PFD-3 CL1||CA||CAD||Mar 2011|
|MFC.PRJ||TSX (The Toronto Stock Exchange)||NONCUM PF1 SER11||CA||CAD||Dec 2012|
|MFC.PRK||TSX (The Toronto Stock Exchange)||PFD SHS CL 1 S13||CA||CAD||Jun 2013|
|MFC.PRL||TSX (The Toronto Stock Exchange)||PFD CL 1 SR-15||CA||CAD||Feb 2014|
|MFC.PRN||TSX (The Toronto Stock Exchange)||NONCUM PFD SHS||CA||CAD||Dec 2014|
|MFC.PRO||TSX (The Toronto Stock Exchange)||PFD SER 21||CA||CAD||Feb 2016|
|MFC.PRR||TSX (The Toronto Stock Exchange)||PFD CL 1 SER 23||CA||CAD||Nov 2016|
Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, an ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/19 23:38|
|End of Day Share Price||2019/10/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.