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MANULIFE FINANCIAL - MFCCN 4.65 PERP (MFC-PR-B.CA) Stock Fundamental Analysis

Canada - TSX:MFC-PR-B - CA56501R4035

22 CAD
-0.07 (-0.32%)
Last: 9/12/2025, 7:00:00 PM
Fundamental Rating

5

Overall MFC-PR-B gets a fundamental rating of 5 out of 10. We evaluated MFC-PR-B against 77 industry peers in the Insurance industry. MFC-PR-B has only an average score on both its financial health and profitability. MFC-PR-B has a decent growth rate and is not valued too expensively. Finally MFC-PR-B also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year MFC-PR-B was profitable.
MFC-PR-B had a positive operating cash flow in the past year.
Of the past 5 years MFC-PR-B 4 years were profitable.
In the past 5 years MFC-PR-B always reported a positive cash flow from operatings.
MFC-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFMFC-PR-B.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B 20B 25B

1.2 Ratios

With a Return On Assets value of 0.56%, MFC-PR-B perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
MFC-PR-B has a worse Return On Equity (10.90%) than 66.23% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.80%, MFC-PR-B is in the better half of the industry, outperforming 64.94% of the companies in the same industry.
Industry RankSector Rank
ROA 0.56%
ROE 10.9%
ROIC 0.8%
ROA(3y)0.27%
ROA(5y)0.44%
ROE(3y)5.1%
ROE(5y)7.68%
ROIC(3y)N/A
ROIC(5y)N/A
MFC-PR-B.CA Yearly ROA, ROE, ROICMFC-PR-B.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

With an excellent Profit Margin value of 14.07%, MFC-PR-B belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
MFC-PR-B's Profit Margin has improved in the last couple of years.
MFC-PR-B has a better Operating Margin (23.25%) than 88.31% of its industry peers.
MFC-PR-B's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 23.25%
PM (TTM) 14.07%
GM N/A
OM growth 3Y12.84%
OM growth 5Y19.32%
PM growth 3Y3.23%
PM growth 5Y14.2%
GM growth 3YN/A
GM growth 5YN/A
MFC-PR-B.CA Yearly Profit, Operating, Gross MarginsMFC-PR-B.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20

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4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MFC-PR-B is destroying value.
The number of shares outstanding for MFC-PR-B has been reduced compared to 1 year ago.
Compared to 5 years ago, MFC-PR-B has less shares outstanding
The debt/assets ratio for MFC-PR-B has been reduced compared to a year ago.
MFC-PR-B.CA Yearly Shares OutstandingMFC-PR-B.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
MFC-PR-B.CA Yearly Total Debt VS Total AssetsMFC-PR-B.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B 800B

2.2 Solvency

MFC-PR-B has a debt to FCF ratio of 0.46. This is a very positive value and a sign of high solvency as it would only need 0.46 years to pay back of all of its debts.
MFC-PR-B has a better Debt to FCF ratio (0.46) than 92.21% of its industry peers.
A Debt/Equity ratio of 0.27 indicates that MFC-PR-B is not too dependend on debt financing.
MFC-PR-B has a Debt to Equity ratio of 0.27. This is in the better half of the industry: MFC-PR-B outperforms 75.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.46
Altman-Z N/A
ROIC/WACC0.09
WACC8.6%
MFC-PR-B.CA Yearly LT Debt VS Equity VS FCFMFC-PR-B.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MFC-PR-B.CA Yearly Current Assets VS Current LiabilitesMFC-PR-B.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

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4

3. Growth

3.1 Past

MFC-PR-B shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.59%.
MFC-PR-B shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.49% yearly.
The Revenue has grown by 11.59% in the past year. This is quite good.
The Revenue for MFC-PR-B have been decreasing by -13.62% on average. This is quite bad
EPS 1Y (TTM)7.59%
EPS 3Y6.08%
EPS 5Y5.49%
EPS Q2Q%4.4%
Revenue 1Y (TTM)11.59%
Revenue growth 3Y-12.52%
Revenue growth 5Y-13.62%
Sales Q2Q%19.94%

3.2 Future

The Earnings Per Share is expected to grow by 5.15% on average over the next years.
The Revenue is expected to grow by 11.05% on average over the next years. This is quite good.
EPS Next Y4.29%
EPS Next 2Y6.7%
EPS Next 3Y7.03%
EPS Next 5Y5.15%
Revenue Next Year8.59%
Revenue Next 2Y8.42%
Revenue Next 3Y7.1%
Revenue Next 5Y11.05%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
MFC-PR-B.CA Yearly Revenue VS EstimatesMFC-PR-B.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B
MFC-PR-B.CA Yearly EPS VS EstimatesMFC-PR-B.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 5.54, the valuation of MFC-PR-B can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of MFC-PR-B is on the same level as its industry peers.
MFC-PR-B is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 4.98, the valuation of MFC-PR-B can be described as very cheap.
MFC-PR-B's Price/Forward Earnings is on the same level as the industry average.
MFC-PR-B is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.54
Fwd PE 4.98
MFC-PR-B.CA Price Earnings VS Forward Price EarningsMFC-PR-B.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

MFC-PR-B's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MFC-PR-B is cheaper than 77.92% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as MFC-PR-B.
Industry RankSector Rank
P/FCF 1.3
EV/EBITDA 2.69
MFC-PR-B.CA Per share dataMFC-PR-B.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

MFC-PR-B's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.29
PEG (5Y)1.01
EPS Next 2Y6.7%
EPS Next 3Y7.03%

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7

5. Dividend

5.1 Amount

MFC-PR-B has a Yearly Dividend Yield of 4.00%, which is a nice return.
MFC-PR-B's Dividend Yield is comparable with the industry average which is at 3.91.
Compared to an average S&P500 Dividend Yield of 2.38, MFC-PR-B pays a better dividend.
Industry RankSector Rank
Dividend Yield 4%

5.2 History

The dividend of MFC-PR-B is nicely growing with an annual growth rate of 20.17%!
MFC-PR-B has paid a dividend for at least 10 years, which is a reliable track record.
MFC-PR-B has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)20.17%
Div Incr Years0
Div Non Decr Years19
MFC-PR-B.CA Yearly Dividends per shareMFC-PR-B.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

59.31% of the earnings are spent on dividend by MFC-PR-B. This is a bit on the high side, but may be sustainable.
MFC-PR-B's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP59.31%
EPS Next 2Y6.7%
EPS Next 3Y7.03%
MFC-PR-B.CA Yearly Income VS Free CF VS DividendMFC-PR-B.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B 20B 25B
MFC-PR-B.CA Dividend Payout.MFC-PR-B.CA Dividend Payout, showing the Payout Ratio.MFC-PR-B.CA Dividend Payout.PayoutRetained Earnings

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MANULIFE FINANCIAL - MFCCN 4.65 PERP

TSX:MFC-PR-B (9/12/2025, 7:00:00 PM)

22

-0.07 (-0.32%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)08-06 2025-08-06/amc
Earnings (Next)11-04 2025-11-04/amc
Inst Owners55.65%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap37.28B
Analysts76.47
Price Target24.62 (11.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4%
Yearly Dividend1.79
Dividend Growth(5Y)20.17%
DP59.31%
Div Incr Years0
Div Non Decr Years19
Ex-Date08-20 2025-08-20 (0.29063)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.7%
Min EPS beat(2)-2.89%
Max EPS beat(2)-0.52%
EPS beat(4)2
Avg EPS beat(4)2.54%
Min EPS beat(4)-2.89%
Max EPS beat(4)7.87%
EPS beat(8)6
Avg EPS beat(8)4.05%
EPS beat(12)8
Avg EPS beat(12)3.32%
EPS beat(16)10
Avg EPS beat(16)1.94%
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.88%
PT rev (3m)5.23%
EPS NQ rev (1m)0.96%
EPS NQ rev (3m)-1.58%
EPS NY rev (1m)-3.13%
EPS NY rev (3m)-3.13%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.31%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE 5.54
Fwd PE 4.98
P/S 0.97
P/FCF 1.3
P/OCF 1.3
P/B 0.75
P/tB 0.96
EV/EBITDA 2.69
EPS(TTM)3.97
EY18.05%
EPS(NY)4.42
Fwd EY20.08%
FCF(TTM)16.88
FCFY76.74%
OCF(TTM)16.88
OCFY76.74%
SpS22.8
BVpS29.42
TBVpS23.03
PEG (NY)1.29
PEG (5Y)1.01
Profitability
Industry RankSector Rank
ROA 0.56%
ROE 10.9%
ROCE 0.94%
ROIC 0.8%
ROICexc 0.82%
ROICexgc 1.91%
OM 23.25%
PM (TTM) 14.07%
GM N/A
FCFM 74.06%
ROA(3y)0.27%
ROA(5y)0.44%
ROE(3y)5.1%
ROE(5y)7.68%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-2.15%
ROICexcg growth 5Y-0.07%
ROICexc growth 3Y-3.34%
ROICexc growth 5Y-0.84%
OM growth 3Y12.84%
OM growth 5Y19.32%
PM growth 3Y3.23%
PM growth 5Y14.2%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.46
Debt/EBITDA 1.33
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 5.72
Cash Conversion 287.17%
Profit Quality 526.46%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC8.6%
ROIC/WACC0.09
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)7.59%
EPS 3Y6.08%
EPS 5Y5.49%
EPS Q2Q%4.4%
EPS Next Y4.29%
EPS Next 2Y6.7%
EPS Next 3Y7.03%
EPS Next 5Y5.15%
Revenue 1Y (TTM)11.59%
Revenue growth 3Y-12.52%
Revenue growth 5Y-13.62%
Sales Q2Q%19.94%
Revenue Next Year8.59%
Revenue Next 2Y8.42%
Revenue Next 3Y7.1%
Revenue Next 5Y11.05%
EBIT growth 1Y18.36%
EBIT growth 3Y-1.3%
EBIT growth 5Y3.07%
EBIT Next Year-70.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y57.69%
FCF growth 3Y4.59%
FCF growth 5Y5.22%
OCF growth 1Y57.69%
OCF growth 3Y4.59%
OCF growth 5Y5.22%