Morningstar

Manulife Financial Corp MFC

Morningstar Rating
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Stock XTSE Rating as of
CAD 40.06 +0.21 (0.53%)
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As of Delayed Price Closed

Company Report

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Price vs Fair Value

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MFC is trading at a 638% premium.
Price
CAD 40.06
Fair Value
CAD 88.00
Uncertainty
Medium
1-Star Price
CAD 79.50
5-Star Price
CAD 34.80
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Manulife could achieve strong growth in Asia within the next few years, driving overall top-line growth and improving geographic diversification.

Bears

Manulife offers complex insurance products that expose it to underwriting, investment, capital market, and interest-rate risks. Also, a higher general account allocation to non-fixed-income assets can potentially be risky during an elongated economic slowdown.

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Trading Information

Previous Close Price
CAD 39.85
Day Range
CAD 39.56–40.22
52-Week Range
CAD 23.69–40.27
Bid/Ask
CAD 39.90 / CAD 40.08
Market Cap
CAD 70.91 Bil
Volume/Avg
4.7 Mil / 6.8 Mil

Key Statistics

Price/Earnings (Normalized)
10.86
Price/Sales
1.68
Dividend Yield (Trailing)
3.91%
Dividend Yield (Forward)
3.99%
Total Yield
5.97%

Company Profile

Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.05 trillion in assets under management and administration as of the end of 2023. The US business, which primarily operates under the John Hancock brand, contributes about 27% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 23% of earnings.
Sector
Financial Services
Industry
Insurance - Life
Stock Style Box
Large Value
Total Number of Employees
38,000
Website
https://www.manulife.com

Competitors

Valuation

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Metric
MFC
SLF
GWO
Price/Earnings (Normalized)
 10.8612.0910.88
Price/Book Value
 1.681.911.72
Price/Sales
 1.681.191.74
Price/Cash Flow
 17.9629.904.60
Price/Earnings
MFC
SLF
GWO

Financial Strength

Metric
MFC
SLF
GWO
Quick Ratio
 ———
Current Ratio
 ———
Interest Coverage
 4.588.1212.12
Quick Ratio
No chart available

Profitability

Metric
MFC
SLF
GWO
Return on Assets (Normalized)
 0.78%1.15%0.59%
Return on Equity (Normalized)
 16.60%16.42%17.34%
Return on Invested Capital (Normalized)
 9.80%12.67%11.62%
Return on Assets
MFC
SLF
GWO

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MhcplvspTcfbn$52.5 Bil
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