MFC

Manulife Financial BMV:MFC N Stock Report

Last Price

Mex$375.01

Market Cap

Mex$723.3b

7D

6.4%

1Y

-8.0%

Updated

13 Aug, 2022

Data

Company Financials +
MFC N fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends5/6

MFC N Stock Overview

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally.

Manulife Financial Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Manulife Financial
Historical stock prices
Current Share PriceCA$375.01
52 Week HighCA$448.80
52 Week LowCA$346.83
Beta1.15
1 Month Change6.41%
3 Month Changen/a
1 Year Change-8.03%
3 Year Changen/a
5 Year Changen/a
Change since IPO3.90%

Recent News & Updates

Shareholder Returns

MFC NMX InsuranceMX Market
7D6.4%5.2%3.1%
1Y-8.0%1.7%-0.5%

Return vs Industry: MFC N underperformed the MX Insurance industry which returned 1.7% over the past year.

Return vs Market: MFC N underperformed the MX Market which returned -0.5% over the past year.

Price Volatility

Is MFC N's price volatile compared to industry and market?
MFC N volatility
MFC N Average Weekly Movementn/a
Insurance Industry Average Movement3.8%
Market Average Movement4.5%
10% most volatile stocks in MX Market7.8%
10% least volatile stocks in MX Market3.0%

Stable Share Price: Insufficient data to determine MFC N's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MFC N's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
188738,000Roy Gorihttps://www.manulife.com

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 Asset Management Businesses; Insurance and Annuity Products; And Corporate and Other segments. The Wealth and Asset Management Businesses segment 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, and financial advisors pension plan consultants and banks.

Manulife Financial Fundamentals Summary

How do Manulife Financial's earnings and revenue compare to its market cap?
MFC N fundamental statistics
Market CapCA$46.54b
Earnings (TTM)CA$7.51b
Revenue (TTM)CA$29.72b

6.2x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MFC N income statement (TTM)
RevenueCA$29.72b
Cost of RevenueCA$12.46b
Gross ProfitCA$17.26b
Other ExpensesCA$9.74b
EarningsCA$7.51b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 09, 2022

Earnings per share (EPS)3.94
Gross Margin58.07%
Net Profit Margin25.28%
Debt/Equity Ratio43.4%

How did MFC N perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

31%

Payout Ratio

Does MFC N pay a reliable dividends?

See MFC N dividend history and benchmarks
When do you need to buy MFC N by to receive an upcoming dividend?
Manulife Financial dividend dates
Ex Dividend DateAug 22 2022
Dividend Pay DateSep 19 2022
Days until Ex dividend8 days
Days until Dividend pay date36 days

Does MFC N pay a reliable dividends?

See MFC N dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MFC N?

Other financial metrics that can be useful for relative valuation.

MFC N key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA5.2x
PEG Ratio-0.5x

Price to Earnings Ratio vs Peers

How does MFC N's PE Ratio compare to its peers?

MFC N PE Ratio vs Peers
The above table shows the PE ratio for MFC N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.3x
AFL Aflac
9.3x-6.7%US$40.5b
PRU Prudential Financial
18.8x20.9%US$39.2b
SLF Sun Life Financial
9.7x7.0%CA$36.4b
6178 Japan Post Holdings
7.5x2.4%JP¥3.5t
MFC N Manulife Financial
6.2x-11.4%Mex$46.5b

Price-To-Earnings vs Peers: MFC N is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (11.3x).


Price to Earnings Ratio vs Industry

How does MFC N's PE Ratio compare vs other companies in the South American Insurance Industry?

Price-To-Earnings vs Industry: MFC N is good value based on its Price-To-Earnings Ratio (6.2x) compared to the South American Insurance industry average (12.1x)


Price to Earnings Ratio vs Fair Ratio

What is MFC N'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.

MFC N PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MFC N's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: MFC N (MX$375.01) is trading below our estimate of fair value (MX$490.32)

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


Analyst Price Targets

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

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


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Future Growth

How is Manulife Financial forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-11.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFC N's earnings are forecast to decline over the next 3 years (-11.4% per year).

Earnings vs Market: MFC N's earnings are forecast to decline over the next 3 years (-11.4% per year).

High Growth Earnings: MFC N's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MFC N's revenue (10.1% per year) is forecast to grow faster than the MX market (6.2% per year).

High Growth Revenue: MFC N's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MFC N's Return on Equity is forecast to be low in 3 years time (11.9%).


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Past Performance

How has Manulife Financial performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MFC N has high quality earnings.

Growing Profit Margin: MFC N's current net profit margins (25.3%) are higher than last year (13.2%).


Past Earnings Growth Analysis

Earnings Trend: MFC N's earnings have grown significantly by 21.6% per year over the past 5 years.

Accelerating Growth: MFC N's earnings growth over the past year (6%) is below its 5-year average (21.6% per year).

Earnings vs Industry: MFC N earnings growth over the past year (6%) exceeded the Insurance industry 2.4%.


Return on Equity

High ROE: MFC N's Return on Equity (13%) is considered low.


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Financial Health

How is Manulife Financial's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MFC N's short term assets (CA$79.4B) exceed its short term liabilities (CA$11.3B).

Long Term Liabilities: MFC N's short term assets (CA$79.4B) do not cover its long term liabilities (CA$753.4B).


Debt to Equity History and Analysis

Debt Level: MFC N has more cash than its total debt.

Reducing Debt: MFC N's debt to equity ratio has reduced from 48.5% to 43.4% over the past 5 years.

Debt Coverage: MFC N's debt is well covered by operating cash flow (86.3%).

Interest Coverage: MFC N's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


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Dividend

What is Manulife Financial current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.41%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 14 2022Ex Dividend DateAug 22 2022Dividend Pay DateSep 19 202228 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MFC N's dividend (5.41%) is higher than the bottom 25% of dividend payers in the MX market (2.14%).

High Dividend: MFC N's dividend (5.41%) is low compared to the top 25% of dividend payers in the MX market (6.09%).


Stability and Growth of Payments

Stable Dividend: MFC N's dividends per share have been stable in the past 10 years.

Growing Dividend: MFC N's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.4%), MFC N's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (12%), MFC N's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Roy Gori (52 yo)

5.17yrs

Tenure

CA$16,860,186

Compensation

Mr. Rocco Gori, also known as Roy, has been the President and Chief Executive Officer of Manufacturers Life Insurance Company since June 5, 2017 and October 1, 2017 respectively. Along with serving as Chie...


CEO Compensation Analysis

Compensation vs Market: Roy's total compensation ($USD13.18M) is above average for companies of similar size in the MX market ($USD5.90M).

Compensation vs Earnings: Roy's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MFC N's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: MFC N's board of directors are considered experienced (9.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MFC N insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Manulife Financial Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Manulife Financial Corporation
  • Ticker: MFC N
  • Exchange: BMV
  • Founded: 1887
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Implied Market Cap: CA$46.540b
  • Listing Market Cap: CA$723.275b
  • Shares outstanding: 1.91b
  • Website: https://www.manulife.com

Number of Employees


Location

  • Manulife Financial Corporation
  • 200 Bloor Street East
  • NT 7
  • Toronto
  • Ontario
  • M4W 1E5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.