Manulife Financial Corporation

NYSE:MFC Stock Report

Market Cap: US$53.4b

Manulife Financial Future Growth

Future criteria checks 2/6

Manulife Financial is forecast to grow earnings and revenue by 13.4% and 12.2% per annum respectively. EPS is expected to grow by 14.3% per annum. Return on equity is forecast to be 14.1% in 3 years.

Key information

13.4%

Earnings growth rate

14.3%

EPS growth rate

Insurance earnings growth11.6%
Revenue growth rate12.2%
Future return on equity14.1%
Analyst coverage

Good

Last updated21 Nov 2024

Recent future growth updates

No updates

Recent updates

Manulife Financial Expected To Keep Rising On Insurance And Annuities Growth, Profitability

Dec 17

Manulife: Despite Strong Fundamentals, It's Time To Take Profits

Oct 31

Manulife Financial: Dividend Powerhouse With High Growth Potential

Sep 09

Manulife Financial: This Dividend Grower Still Has Upside

Jun 26

Manulife Financial: A Hidden Gem Insurance Company Deserving Of Your Attention

Jun 09

Manulife Financial: Company Firing On All Cylinders, But Valuation Too Rich (Rating Downgrade)

Apr 19

Should You Buy Manulife For Its 4.8% Yield?

Feb 11

Manulife: Undervalued With Massive Capital Returns

Jan 26

Manulife Financial: Strong Revenue And Dividend Growth While Share Price Skyrockets (Downgrade)

Jan 02

Manulife: Time To Take Some Profits

Dec 19

Manulife Financial: Lock In This Growing Dividend At A Discount

Nov 27

Manulife: The Perpetual Preferreds Are Now Getting Attractive

Oct 05

Manulife: Taking A Closer Look At Canadian Life Insurance

Sep 25

Manulife Financial: Dividend Yield Beyond 5% And Positive Net Income Growth

Jul 19

Manulife: You Shouldn't Doubt This Company, Still A 'Buy'

Jun 13

Manulife Financial Non-GAAP EPS of C$0.88 beats by C$0.07

Feb 15

Lock In A 6.9% Dividend Yield With Manulife Preferred Shares

Feb 08

Manulife Is Too Cheap At 5.7% Yield

Dec 12

Manulife Financial Non-GAAP EPS of C$0.67 misses by C$0.03

Nov 09

Manulife Investment Management buys industrial warehouse in Fort Worth, Texas

Oct 26

Manulife intends to redeem C$1B of 3.181% fixed/floating subordinated debentures next month

Oct 12

Manulife Financial Remains A High-Yielding Bargain Buy

Aug 19

Manulife Financial declares CAD 0.33 dividend

Aug 10

Wall Street Analysts And The Options Market Suggest Manulife Financial Is Undervalued

Jul 26

Why Manulife Financial Is A 6% Yield You Don't Want To Miss

Jul 05

Earnings and Revenue Growth Forecasts

NYSE:MFC - Analysts future estimates and past financials data (CAD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202778,5027,514N/A25,2971
12/31/202675,1447,369N/A22,1531
12/31/202571,7836,881N/A19,9041
12/31/202468,7715,149N/A23,1861
9/30/202430,0815,09725,53425,534N/A
6/30/202428,4844,27323,52323,523N/A
3/31/202427,4754,15622,04422,044N/A
12/31/202327,2464,80020,42320,423N/A
9/30/202325,9694,05819,13919,139N/A
6/30/202324,9413,53918,14218,142N/A
3/31/202320,55448317,06417,064N/A
12/31/202216,911-2,19316,62816,628N/A
9/30/202236,513-99818,48118,481N/A
6/30/202244,89711720,80120,801N/A
3/31/202266,6994,87821,78321,783N/A
12/31/202159,8416,89023,15523,155N/A
9/30/202156,1236,61422,62022,620N/A
6/30/202153,5707,08520,75120,751N/A
3/31/202155,3775,18719,17019,170N/A
12/31/202077,1215,70020,04820,048N/A
9/30/202070,3685,14819,50419,504N/A
6/30/202079,6283,80220,10520,105N/A
3/31/202074,3434,55021,40021,400N/A
12/31/201977,8225,43020,54220,542N/A
9/30/201975,2194,79519,62019,620N/A
6/30/201960,6225,64619,70219,702N/A
3/31/201952,0705,43219,25119,251N/A
12/31/201837,2644,63219,18819,188N/A
9/30/201845,0592,43619,58819,588N/A
6/30/201848,9591,971N/A18,544N/A
3/31/201851,9011,969N/A18,454N/A
12/31/201756,7201,945N/A17,791N/A
9/30/201737,1693,621N/A17,482N/A
6/30/201739,6913,638N/A18,098N/A
3/31/201743,7223,089N/A17,474N/A
12/31/201651,8972,796N/A17,017N/A
9/30/201666,1952,983N/A16,314N/A
6/30/201658,8312,493N/A11,860N/A
3/31/201639,3492,397N/A11,036N/A
12/31/201533,4482,075N/A10,374N/A
9/30/201538,6662,470N/A9,440N/A
6/30/201542,6722,949N/A12,124N/A
3/31/201554,8043,285N/A11,301N/A
12/31/201453,2343,375N/A10,806N/A
9/30/201443,6874,026N/A9,246N/A
6/30/201439,0093,955N/A7,991N/A
3/31/201425,3193,275N/A8,527N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MFC's forecast earnings growth (13.4% per year) is above the savings rate (2.6%).

Earnings vs Market: MFC's earnings (13.4% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: MFC's earnings are forecast to grow, but not significantly.

Revenue vs Market: MFC's revenue (12.2% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: MFC's revenue (12.2% per year) is forecast to grow slower than 20% 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 (14.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 09:06
End of Day Share Price 2025/01/03 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

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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