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, the United States, and internationally.
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: MLU has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MLU underperformed the German Insurance industry which returned 21.3% over the past year.
Return vs Market: MLU exceeded the German Market which returned 8.3% 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
No news available
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: MLU (€17.8) is trading below our estimate of fair value (€50.4)
Significantly Below Fair Value: MLU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MLU is good value based on its PE Ratio (9.3x) compared to the Insurance industry average (12.2x).
PE vs Market: MLU is good value based on its PE Ratio (9.3x) compared to the German market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: MLU is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: MLU is good value based on its PB Ratio (1.1x) compared to the DE 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: MLU's forecast earnings growth (8.9% per year) is above the savings rate (-0.4%).
Earnings vs Market: MLU's earnings (8.9% per year) are forecast to grow slower than the German market (13% per year).
High Growth Earnings: MLU's earnings are forecast to grow, but not significantly.
Revenue vs Market: MLU's revenue is expected to decline over the next 3 years (-18.8% per year).
High Growth Revenue: MLU's revenue is forecast to decline over the next 3 years (-18.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MLU'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
Quality Earnings: MLU has high quality earnings.
Growing Profit Margin: MLU's current net profit margins (7%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: MLU's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: MLU's earnings growth over the past year (17.2%) exceeds its 5-year average (13.5% per year).
Earnings vs Industry: MLU earnings growth over the past year (17.2%) exceeded the Insurance industry 7%.
Return on Equity
High ROE: MLU's Return on Equity (11%) is considered low.
Return on Assets
Return on Capital Employed
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: MLU has a low level of unsold assets or inventory.
Debt Coverage by Assets: MLU's debt is covered by short term assets (assets are 4.2x debt).
Financial Institutions Analysis
Asset Level: MLU's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if MLU has a sufficient allowance for bad loans.
Low Risk Liabilities: MLU reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MLU has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MLU has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MLU 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
Notable Dividend: MLU's dividend (4.34%) is higher than the bottom 25% of dividend payers in the German market (1.38%).
High Dividend: MLU's dividend (4.34%) is in the top 25% of dividend payers in the German market (3.73%)
Stability and Growth of Payments
Stable Dividend: MLU's dividend payments have been volatile in the past 10 years.
Growing Dividend: MLU's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.1%), MLU's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MLU's dividends in 3 years are forecast to be well covered by earnings (34.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Roy Gori (48yo)
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's total compensation ($USD9.78M) is above average for companies of similar size in the German market ($USD4.41M).
Compensation vs Earnings: Roy's compensation has been consistent with company performance over the past year.
|Chief Financial Officer||2.1yrs||CA$4.60m||no data|
|Chief Human Resources Officer||1.3yrs||CA$182.77k||0.0023% CA$742.8k|
|President & CEO of John Hancock||0yrs||CA$5.92m||0.000050% CA$16.1k|
|CEO & President of Manulife Asia||2.3yrs||CA$5.11m||no data|
|Executive VP & COO||0.7yrs||no data||no data|
|Chief Investment Officer||0.9yrs||no data||0.0026% CA$845.7k|
|Executive VP & Chief Accounting Officer||0yrs||no data||0.000050% CA$16.1k|
|Chief Information Officer||0.8yrs||no data||no data|
|Head of Investor Relations||1.4yrs||no data||no data|
Experienced Management: MLU's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Independent Chairman of the Board||1.8yrs||CA$480.80k||0.0011% CA$360.1k|
|Independent Director||7.1yrs||CA$331.14k||0.0075% CA$2.4m|
|Independent Director||7.3yrs||CA$281.53k||0.00062% CA$199.4k|
|Independent Director||9.5yrs||CA$305.96k||0.0010% CA$331.2k|
|Independent Director||8.5yrs||CA$287.61k||0.00059% CA$189.7k|
|Independent Director||10.3yrs||CA$269.27k||no data|
|Independent Director||9.3yrs||CA$284.01k||0.00045% CA$144.7k|
|Independent Director||8.3yrs||CA$358.07k||no data|
|Independent Director||8.3yrs||CA$324.08k||0.000030% CA$9.6k|
Experienced Board: MLU's board of directors are considered experienced (8.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
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: MLU
- Exchange: DB
- Founded: 1887
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: CA$46.483b
- Listing Market Cap: CA$32.154b
- Shares outstanding: 1.94b
- Website: https://www.manulife.com
Number of Employees
- Manulife Financial Corporation
- 200 Bloor Street East
- NT 9
- 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|
|MFC||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||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|
|0V5H||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||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, the United States, and internationally. The company offers individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing. It also provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, financial advisors, pension plan consultants, and banks; and banking products, such as deposit and credit products to Canadian customers. In addition, the company is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. Further, it manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life and financial reinsurance, and mutual funds marketing businesses. Additionally, the company holds and manages oil and gas properties; holds oil and gas royalties, and foreign bonds and equities; and provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was founded in 1887 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 20:40|
|End of Day Share Price||2020/02/25 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.