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Manulife Financial Corp MFC

Morningstar Rating
$24.99 +0.33 (1.34%)
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Company Report

Price vs Fair Value

MFC is trading at a 9% premium.
Price
$24.27
Fair Value
$38.40
Uncertainty
Medium
1-Star Price
$74.91
5-Star Price
$26.98
Economic Moat
Rpyk
Capital Allocation
Twgszjr

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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News

Trading Information

Previous Close Price
$24.66
Day Range
$24.64–25.14
52-Week Range
$17.07–25.14
Bid/Ask
$25.01 / $25.57
Market Cap
$45.13 Bil
Volume/Avg
3.6 Mil / 3.5 Mil

Key Statistics

Price/Earnings (Normalized)
9.76
Price/Sales
1.47
Dividend Yield (Trailing)
4.46%
Dividend Yield (Forward)
3.49%
Total Yield
6.93%

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

Competitors

Valuation

Metric
MFC
SLF
GWO
Price/Earnings (Normalized)
9.7611.5910.83
Price/Book Value
1.471.981.67
Price/Sales
1.471.331.60
Price/Cash Flow
37.01—5.58
Price/Earnings
MFC
SLF
GWO

Financial Strength

Metric
MFC
SLF
GWO
Quick Ratio
———
Current Ratio
———
Interest Coverage
5.158.128.48
Quick Ratio
No chart available

Profitability

Metric
MFC
SLF
GWO
Return on Assets (Normalized)
0.78%1.15%0.47%
Return on Equity (Normalized)
16.60%16.86%13.76%
Return on Invested Capital (Normalized)
9.66%12.08%9.28%
Return on Assets
MFC
SLF
GWO
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Economic Moat
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AAGIY
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MET
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AFL
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PRU
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PUK
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