Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. More Details
Undervalued established dividend payer.
Share Price & News
How has Manulife Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MFC is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MFC's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MFC exceeded the Canadian Insurance industry which returned 50.4% over the past year.
Return vs Market: MFC exceeded the Canadian Market which returned 36.9% over the past year.
Long-Term 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 month ago | Simply Wall StHow Much Of Manulife Financial Corporation (TSE:MFC) Do Institutions Own?
1 month ago | Simply Wall StAre Robust Financials Driving The Recent Rally In Manulife Financial Corporation's (TSE:MFC) Stock?
2 months ago | Simply Wall StHave Insiders Sold Manulife Financial Corporation (TSE:MFC) Shares Recently?
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
Below Fair Value: MFC (CA$26.02) is trading below our estimate of fair value (CA$58.45)
Significantly Below Fair Value: 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 (8.9x) compared to the Canadian Insurance industry average (10.2x).
PE vs Market: MFC is good value based on its PE Ratio (8.9x) compared to the Canadian market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: MFC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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 (1.2x).
How is Manulife Financial forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MFC's earnings are forecast to decline over the next 3 years (-10.1% per year).
Earnings vs Market: MFC's earnings are forecast to decline over the next 3 years (-10.1% per year).
High Growth Earnings: MFC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MFC's revenue is expected to decline over the next 3 years (-2.1% per year).
High Growth Revenue: MFC's revenue is forecast to decline over the next 3 years (-2.1% 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 (10.2%).
How has Manulife Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MFC has high quality earnings.
Growing Profit Margin: MFC's current net profit margins (6.7%) are higher than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: MFC's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: MFC's earnings growth over the past year (14%) is below its 5-year average (17% per year).
Earnings vs Industry: MFC earnings growth over the past year (14%) underperformed the Insurance industry 37.5%.
Return on Equity
High ROE: MFC's Return on Equity (10.3%) is considered low.
How is Manulife Financial's financial position?
Financial Position Analysis
Short Term Liabilities: MFC's short term assets (CA$87.5B) exceed its short term liabilities (CA$17.2B).
Long Term Liabilities: MFC's short term assets (CA$87.5B) do not cover its long term liabilities (CA$807.0B).
Debt to Equity History and Analysis
Debt Level: MFC's debt to equity ratio (51.2%) is considered high.
Reducing Debt: MFC's debt to equity ratio has reduced from 54.2% to 51.2% over the past 5 years.
Debt Coverage: MFC's debt is well covered by operating cash flow (71.9%).
Interest Coverage: MFC's interest payments on its debt are well covered by EBIT (7.5x coverage).
What is Manulife Financial current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: MFC's dividend (4.3%) is higher than the bottom 25% of dividend payers in the Canadian market (1.51%).
High Dividend: MFC's dividend (4.3%) is low compared to the top 25% of dividend payers in the Canadian market (4.53%).
Stability and Growth of Payments
Stable Dividend: MFC's dividends per share have been stable in the past 10 years.
Growing Dividend: MFC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.1%), MFC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MFC's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Roy Gori (50 yo)
Mr. Rocco Gori, also known as Roy, is President and Chief Executive Officer of Manufacturers Life Insurance Company since June 5, 2017 and October 1, 2017 respectively. Along with serving as Chief Executiv...
CEO Compensation Analysis
Compensation vs Market: Roy's total compensation ($USD12.16M) is above average for companies of similar size in the Canadian market ($USD6.57M).
Compensation vs Earnings: Roy's compensation has been consistent with company performance over the past year.
Experienced Management: MFC's management team is considered experienced (3 years average tenure).
Experienced Board: MFC's board of directors are considered experienced (8.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MFC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$50.200b
- Shares outstanding: 1.94b
- Website: https://www.manulife.com
Number of Employees
- Manulife Financial Corporation
- 200 Bloor Street East
- NT 9
- M4W 1E5
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Ass...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/10 22:11|
|End of Day Share Price||2021/05/10 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.