Manulife Financial Corporation

TSX:MFC Stock Report

Market Cap: CA$75.9b

Manulife Financial Past Earnings Performance

Past criteria checks 3/6

Manulife Financial's earnings have been declining at an average annual rate of -10.9%, while the Insurance industry saw earnings growing at 13% annually. Revenues have been declining at an average rate of 26.2% per year. Manulife Financial's return on equity is 11.6%, and it has net margins of 16.9%.

Key information

-10.9%

Earnings growth rate

-9.0%

EPS growth rate

Insurance Industry Growth20.6%
Revenue growth rate-26.2%
Return on equity11.6%
Net Margin16.9%
Next Earnings Update19 Feb 2025

Recent past performance updates

Recent updates

Broker Revenue Forecasts For Manulife Financial Corporation (TSE:MFC) Are Surging Higher

Nov 28
Broker Revenue Forecasts For Manulife Financial Corporation (TSE:MFC) Are Surging Higher

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

May 03
Increases to Manulife Financial Corporation's (TSE:MFC) CEO Compensation Might Cool off for now

Revenue & Expenses Breakdown

How Manulife Financial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:MFC Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2430,0815,0974,5750
30 Jun 2428,4844,2734,4380
31 Mar 2427,4754,1564,2920
31 Dec 2327,2464,8004,2760
30 Sep 2325,9694,0584,1260
30 Jun 2324,9413,5394,0060
31 Mar 2320,5544833,8680
31 Dec 2216,911-2,1933,7050
30 Sep 2236,513-9984,7290
30 Jun 2244,8971175,7110
31 Mar 2266,6994,8786,7190
31 Dec 2159,8416,8907,6780
30 Sep 2156,1236,6147,6460
30 Jun 2153,5707,0857,5950
31 Mar 2155,3775,1877,5470
31 Dec 2077,1215,7007,5100
30 Sep 2070,3685,1487,6080
30 Jun 2079,6283,8027,6800
31 Mar 2074,3434,5507,7300
31 Dec 1977,8225,4307,6860
30 Sep 1975,2194,7957,7970
30 Jun 1960,6225,6467,7250
31 Mar 1952,0705,4327,9230
31 Dec 1837,2644,6327,9570
30 Sep 1845,0592,4367,7270
30 Jun 1848,9591,9717,6680
31 Mar 1851,9011,9697,3610
31 Dec 1756,7201,9457,2330
30 Sep 1737,1693,6217,1200
30 Jun 1739,6913,6387,1600
31 Mar 1743,7223,0897,0650
31 Dec 1651,8972,7966,9950
30 Sep 1666,1952,9836,9130
30 Jun 1658,8312,4936,5980
31 Mar 1639,3492,3976,4740
31 Dec 1533,4482,0756,2210
30 Sep 1538,6662,4705,8140
30 Jun 1542,6722,9495,4780
31 Mar 1554,8043,2855,0090
31 Dec 1453,2343,3754,7720
30 Sep 1443,6874,0264,7040
30 Jun 1439,0093,9554,6180
31 Mar 1425,3193,2754,6440
31 Dec 1317,0452,9994,6180

Quality Earnings: MFC has high quality earnings.

Growing Profit Margin: MFC's current net profit margins (16.9%) are higher than last year (15.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MFC's earnings have declined by 10.9% per year over the past 5 years.

Accelerating Growth: MFC's earnings growth over the past year (25.6%) exceeds its 5-year average (-10.9% per year).

Earnings vs Industry: MFC earnings growth over the past year (25.6%) did not outperform the Insurance industry 40.1%.

Return on Equity

High ROE: MFC's Return on Equity (11.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:42
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Manulife Financial Corporation is covered by 41 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark RosenAccountability Research Corporation
Ishan MajumdarBaptista Research
Alex ScottBarclays