Manulife Financial Corporation

LSE:0V5H Stock Report

Market Cap: CA$76.3b

Manulife Financial Valuation

Is 0V5H undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0V5H when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0V5H (CA$43.8) is trading below our estimate of fair value (CA$106.8)

Significantly Below Fair Value: 0V5H is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0V5H?

Key metric: As 0V5H is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0V5H. This is calculated by dividing 0V5H's market cap by their current earnings.
What is 0V5H's PE Ratio?
PE Ratio15x
EarningsCA$5.10b
Market CapCA$76.26b

Price to Earnings Ratio vs Peers

How does 0V5H's PE Ratio compare to its peers?

The above table shows the PE ratio for 0V5H vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.8x
PRU Prudential
23.9x27.3%UK£16.7b
LGEN Legal & General Group
46.5x29.6%UK£13.1b
JUST Just Group
18.9x8.9%UK£1.7b
CSN Chesnara
77.9x11.8%UK£389.6m
0V5H Manulife Financial
15x13.4%CA$76.3b

Price-To-Earnings vs Peers: 0V5H is good value based on its Price-To-Earnings Ratio (15x) compared to the peer average (41.8x).

Price to Earnings Ratio vs Industry

How does 0V5H's PE Ratio compare vs other companies in the European Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0V5H 15.0xIndustry Avg. 11.8xNo. of Companies14PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0V5H is expensive based on its Price-To-Earnings Ratio (15x) compared to the European Insurance industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0V5H's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0V5H PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: 0V5H is expensive based on its Price-To-Earnings Ratio (15x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0V5H forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$43.80
CA$46.64
+6.5%
9.2%CA$50.00CA$34.00n/a14
Dec ’25CA$45.01
CA$46.57
+3.5%
9.1%CA$50.00CA$34.00n/a14
Nov ’25CA$41.26
CA$41.73
+1.1%
10.2%CA$48.00CA$34.00n/a15
Oct ’25CA$39.50
CA$39.13
-0.9%
6.8%CA$43.00CA$34.00n/a15
Sep ’25CA$37.12
CA$39.14
+5.5%
7.0%CA$43.00CA$34.00n/a14
Aug ’25CA$35.97
CA$38.04
+5.7%
10.0%CA$43.00CA$30.00n/a15
Jul ’25CA$36.08
CA$36.97
+2.5%
9.7%CA$43.00CA$30.00n/a15
Jun ’25CA$35.73
CA$36.84
+3.1%
9.5%CA$43.00CA$30.00n/a15
May ’25CA$32.33
CA$35.30
+9.2%
9.6%CA$40.00CA$30.00n/a15
Apr ’25CA$33.03
CA$34.84
+5.5%
9.1%CA$40.00CA$30.00n/a15
Mar ’25CA$32.29
CA$34.30
+6.2%
10.8%CA$40.00CA$26.20n/a16
Feb ’25CA$29.40
CA$30.30
+3.1%
6.4%CA$34.00CA$26.20n/a14
Jan ’25CA$29.33
CA$29.59
+0.9%
7.7%CA$34.00CA$26.00n/a14
Dec ’24CA$26.24
CA$28.94
+10.3%
8.2%CA$34.00CA$24.00CA$45.0114
Nov ’24CA$24.43
CA$28.59
+17.0%
7.4%CA$32.00CA$24.00CA$41.2614
Oct ’24CA$25.14
CA$28.80
+14.6%
7.6%CA$33.00CA$24.00CA$39.5014
Sep ’24CA$24.50
CA$29.07
+18.6%
7.7%CA$33.00CA$24.00CA$37.1216
Aug ’24n/a
CA$28.95
0%
8.2%CA$35.00CA$24.00CA$35.9717
Jul ’24n/a
CA$29.07
0%
8.4%CA$35.00CA$24.00CA$36.0815
Jun ’24CA$25.53
CA$28.88
+13.1%
7.9%CA$35.00CA$25.00CA$35.7316
May ’24CA$26.01
CA$29.06
+11.7%
8.0%CA$34.00CA$25.00CA$32.3316
Apr ’24n/a
CA$28.88
0%
7.3%CA$34.00CA$25.00CA$33.0316
Mar ’24CA$26.57
CA$28.78
+8.3%
7.4%CA$34.00CA$25.00CA$32.2916
Feb ’24CA$26.50
CA$27.34
+3.2%
8.2%CA$34.00CA$25.00CA$29.4016
Jan ’24CA$24.19
CA$25.83
+6.8%
7.0%CA$30.00CA$23.00CA$29.3315
Dec ’23CA$23.99
CA$25.83
+7.7%
7.0%CA$30.00CA$23.00CA$26.2415

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:34
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