Manulife Financial Future Growth

Future criteria checks 2/6

Manulife Financial is forecast to grow earnings and revenue by 13.5% and 15.8% per annum respectively. EPS is expected to grow by 14.3% per annum. Return on equity is forecast to be 14% in 3 years.

Key information

13.5%

Earnings growth rate

14.3%

EPS growth rate

Insurance earnings growth	5.2%
Revenue growth rate	15.8%
Future return on equity	14.0%
Analyst coverage	Good
Last updated	18 Nov 2024

Recent future growth updates

Recent updates

Increases to Manulife Financial Corporation's (TSE:MFC) CEO Compensation Might Cool off for now

May 03

Manulife Financial Corporation (TSE:MFC) Analysts Just Trimmed Their Revenue Forecasts By 13%

Sep 08

Analysts' Revenue Estimates For Manulife Financial Corporation (TSE:MFC) Are Surging Higher

Aug 18

Do Manulife Financial's (TSE:MFC) Earnings Warrant Your Attention?

May 30

Industry Analysts Just Made A Captivating Upgrade To Their Manulife Financial Corporation (TSE:MFC) Revenue Forecasts

May 12

Manulife Financial's (TSE:MFC) Dividend Will Be Increased To CA$0.365

Feb 19

Here's Why We Think Manulife Financial (TSE:MFC) Might Deserve Your Attention Today

Jan 24

Should You Be Adding Manulife Financial (TSE:MFC) To Your Watchlist Today?

Aug 03

Earnings and Revenue Growth Forecasts

TSX:MFC - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	58,248	7,380	N/A	22,153	2
12/31/2025	55,754	6,896	N/A	19,904	2
12/31/2024	68,771	5,149	N/A	23,186	1
9/30/2024	30,081	5,097	25,534	25,534	N/A
6/30/2024	28,484	4,273	23,523	23,523	N/A
3/31/2024	27,475	4,156	22,044	22,044	N/A
12/31/2023	27,246	4,800	20,423	20,423	N/A
9/30/2023	25,969	4,058	19,139	19,139	N/A
6/30/2023	24,941	3,539	18,142	18,142	N/A
3/31/2023	20,554	483	17,064	17,064	N/A
12/31/2022	16,911	-2,193	16,628	16,628	N/A
9/30/2022	36,513	-998	18,481	18,481	N/A
6/30/2022	44,897	117	20,801	20,801	N/A
3/31/2022	66,699	4,878	21,783	21,783	N/A
12/31/2021	59,841	6,890	23,155	23,155	N/A
9/30/2021	56,123	6,614	22,620	22,620	N/A
6/30/2021	53,570	7,085	20,751	20,751	N/A
3/31/2021	55,377	5,187	19,170	19,170	N/A
12/31/2020	77,121	5,700	20,048	20,048	N/A
9/30/2020	70,368	5,148	19,504	19,504	N/A
6/30/2020	79,628	3,802	20,105	20,105	N/A
3/31/2020	74,343	4,550	21,400	21,400	N/A
12/31/2019	77,822	5,430	20,542	20,542	N/A
9/30/2019	75,219	4,795	19,620	19,620	N/A
6/30/2019	60,622	5,646	19,702	19,702	N/A
3/31/2019	52,070	5,432	19,251	19,251	N/A
12/31/2018	37,264	4,632	19,188	19,188	N/A
9/30/2018	45,059	2,436	19,588	19,588	N/A
6/30/2018	48,959	1,971	N/A	18,544	N/A
3/31/2018	51,901	1,969	N/A	18,454	N/A
12/31/2017	56,720	1,945	N/A	17,791	N/A
9/30/2017	37,169	3,621	N/A	17,482	N/A
6/30/2017	39,691	3,638	N/A	18,098	N/A
3/31/2017	43,722	3,089	N/A	17,474	N/A
12/31/2016	51,897	2,796	N/A	17,017	N/A
9/30/2016	66,195	2,983	N/A	16,314	N/A
6/30/2016	58,831	2,493	N/A	11,860	N/A
3/31/2016	39,349	2,397	N/A	11,036	N/A
12/31/2015	33,448	2,075	N/A	10,374	N/A
9/30/2015	38,666	2,470	N/A	9,440	N/A
6/30/2015	42,672	2,949	N/A	12,124	N/A
3/31/2015	54,804	3,285	N/A	11,301	N/A
12/31/2014	53,234	3,375	N/A	10,806	N/A
9/30/2014	43,687	4,026	N/A	9,246	N/A
6/30/2014	39,009	3,955	N/A	7,991	N/A
3/31/2014	25,319	3,275	N/A	8,527	N/A
12/31/2013	17,045	2,999	N/A	9,503	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFC's forecast earnings growth (13.5% per year) is above the savings rate (2.3%).

Earnings vs Market: MFC's earnings (13.5% per year) are forecast to grow slower than the Canadian market (16.4% per year).

High Growth Earnings: MFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: MFC's revenue (15.8% per year) is forecast to grow faster than the Canadian market (7.1% per year).

High Growth Revenue: MFC's revenue (15.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MFC's Return on Equity is forecast to be low in 3 years time (14%).

Manulife Financial Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus revenue estimates increase by 31%

Price target increased by 8.0% to CA$45.07

Consensus revenue estimates decrease by 20%

Consensus revenue estimates increase by 15%, EPS downgraded

Consensus revenue estimates fall by 14%

Consensus revenue estimates decrease by 13%

Recent updates

President recently sold CA$2.0m worth of stock

Manulife Financial Corporation Board Announces Executive Changes

Manulife Financial Corporation to Report Q4, 2024 Results on Feb 19, 2025

Consensus revenue estimates increase by 31%

Third quarter dividend of CA$0.40 announced

Price target increased by 8.0% to CA$45.07

Third quarter 2024 earnings released: EPS: CA$1.01 (vs CA$0.53 in 3Q 2023)

Manulife Financial Corporation Announces Quarterly Dividend, Payable on and After December 19, 2024

Manulife Leads the Charge in Generative Ai Innovations: Enhancing Productivity and Elevating Customer Experience

Second quarter 2024 earnings released: EPS: CA$0.53 (vs CA$0.50 in 2Q 2023)

Manulife Financial Corporation Announces Second Quarter Dividend for the Financial Year End 31 December 2024, Payable on September 19, 2024

John Hancock Names Hector Martinez as Head of Insurance

President & CEO of Manulife Asia exercised options and sold CA$2.7m worth of stock

President exercised options to buy CA$2.4m worth of stock.

Manulife Financial Corporation to Report Q3, 2024 Results on Nov 06, 2024

First quarter dividend of CA$0.40 announced

Manulife Financial Corporation Announces Board Changes

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Increases to Manulife Financial Corporation's (TSE:MFC) CEO Compensation Might Cool off for now

Chairman of the Board - Manulife Asia recently sold CA$1.3m worth of stock

Manulife Financial Corporation to Report Q2, 2024 Results on Aug 07, 2024

Upcoming dividend of CA$0.40 per share

Fourth quarter dividend increased to CA$0.40

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: CA$2.62 (vs CA$3.68 in FY 2022)

Manulife Financial Corporation Declares Quarterly Dividend, Payable on and After March 19, 2024

Consensus revenue estimates decrease by 20%

Manulife Financial Corporation, Annual General Meeting, May 09, 2024

Manulife Financial Corporation to Report Q1, 2024 Results on May 08, 2024

Consensus revenue estimates increase by 15%, EPS downgraded

Upcoming dividend of CA$0.36 per share at 5.7% yield

Manulife Financial Corporation Declares Common Share Ordinary Dividend for the Third Quarter Ended September 30, 2023, Payable on December 19, 2023

Third quarter 2023 earnings released: EPS: CA$0.53 (vs CA$0.69 in 3Q 2022)

Consensus revenue estimates fall by 14%

Manulife Financial Corporation Appoints Maryscott (Scotty) Greenwood as Global Head of Government Relations, Effective October 16, 2023

Manulife Financial Corporation (TSE:MFC) Analysts Just Trimmed Their Revenue Forecasts By 13%

Consensus revenue estimates decrease by 13%

Analysts' Revenue Estimates For Manulife Financial Corporation (TSE:MFC) Are Surging Higher

Consensus revenue estimates increase by 49%

Upcoming dividend of CA$0.36 per share at 5.6% yield

Manulife Financial Corporation Announces Ordinary Cash Dividend for the Second Quarter of Financial Year Ending December 31, 2023, Payable on 19 September 2023

Second quarter 2023 earnings: Revenues miss analyst expectations

Consensus revenue estimates decrease by 24%

Manulife Announces Executive Changes

Manulife Financial Corporation to Report Q4, 2023 Results on Feb 07, 2024

Do Manulife Financial's (TSE:MFC) Earnings Warrant Your Attention?

Chief Investment Officer exercised options and sold CA$88k worth of stock

Consensus revenue estimates increase by 27%, EPS downgraded

Upcoming dividend of CA$0.36 per share at 5.6% yield

Manulife Financial Corporation Announces Board Appointments

Industry Analysts Just Made A Captivating Upgrade To Their Manulife Financial Corporation (TSE:MFC) Revenue Forecasts

First quarter 2023 earnings released: EPS: CA$0.73 (vs CA$1.51 in 1Q 2022)

Manulife Financial Corporation Declares Quarterly Common Share Dividend, Payable on and After June 19, 2023

Independent Chairman of the Board recently bought CA$2.7m worth of stock

Upcoming dividend of CA$0.36 per share at 5.4% yield

Manulife Financial's (TSE:MFC) Dividend Will Be Increased To CA$0.365

Full year 2022 earnings released: EPS: CA$3.68 (vs CA$3.55 in FY 2021)

Manulife Financial Corporation Announces Executive Changes

Manulife Increases Quarterly Dividend, Payable on and After March 20, 2023

Manulife Financial Corporation, Annual General Meeting, May 11, 2023

Here's Why We Think Manulife Financial (TSE:MFC) Might Deserve Your Attention Today

Manulife Financial Corporation to Report Q2, 2023 Results on Aug 09, 2023

Manulife Financial Corp Appoints Anne-Maree Tassell as Chief Operations Officer for Asia

Manulife Financial Corporation Appoints Patrick Graham as CEO for Hong Kong and Macau

Insider recently sold CA$73k worth of stock

Upcoming dividend of CA$0.33 per share

Manulife Financial Corporation and the Manufacturers Life Insurance Company Appoints Don Lindsay as Vice Chair of the Board of Directors

Third quarter 2022 earnings released: EPS: CA$0.68 (vs CA$0.80 in 3Q 2021)

Manulife Financial Declares Common Share Dividend Payable on and After December 19, 2022