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MANULIFE FINANCIAL CORP - MFCCN 4 1/2 PERP (MFC-PR-C.CA) Stock Fundamental Analysis

TSX:MFC-PR-C - Toronto Stock Exchange - CA56501R5024 - Currency: CAD

20  +0.03 (+0.15%)

Fundamental Rating

5

MFC-PR-C gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 81 industry peers in the Insurance industry. Both the profitability and the financial health of MFC-PR-C get a neutral evaluation. Nothing too spectacular is happening here. MFC-PR-C is valued quite cheap, while showing a decent growth score. This is a good combination! Finally MFC-PR-C also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

MFC-PR-C had positive earnings in the past year.
In the past year MFC-PR-C had a positive cash flow from operations.
MFC-PR-C had positive earnings in 4 of the past 5 years.
Each year in the past 5 years MFC-PR-C had a positive operating cash flow.
MFC-PR-C.CA Yearly Net Income VS EBIT VS OCF VS FCFMFC-PR-C.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

MFC-PR-C has a Return On Assets of 0.48%. This is in the better half of the industry: MFC-PR-C outperforms 60.49% of its industry peers.
Looking at the Return On Equity, with a value of 9.06%, MFC-PR-C is doing worse than 80.25% of the companies in the same industry.
MFC-PR-C has a Return On Invested Capital of 0.72%. This is in the better half of the industry: MFC-PR-C outperforms 67.90% of its industry peers.
Industry RankSector Rank
ROA 0.48%
ROE 9.06%
ROIC 0.72%
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-C.CA Yearly ROA, ROE, ROICMFC-PR-C.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

MFC-PR-C has a Profit Margin of 12.55%. This is amongst the best in the industry. MFC-PR-C outperforms 93.83% of its industry peers.
MFC-PR-C's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 21.86%, MFC-PR-C belongs to the top of the industry, outperforming 90.12% of the companies in the same industry.
In the last couple of years the Operating Margin of MFC-PR-C has grown nicely.
Industry RankSector Rank
OM 21.86%
PM (TTM) 12.55%
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-C.CA Yearly Profit, Operating, Gross MarginsMFC-PR-C.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-C is destroying value.
Compared to 1 year ago, MFC-PR-C has less shares outstanding
Compared to 5 years ago, MFC-PR-C has less shares outstanding
Compared to 1 year ago, MFC-PR-C has an improved debt to assets ratio.
MFC-PR-C.CA Yearly Shares OutstandingMFC-PR-C.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
MFC-PR-C.CA Yearly Total Debt VS Total AssetsMFC-PR-C.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

The Debt to FCF ratio of MFC-PR-C is 0.50, which is an excellent value as it means it would take MFC-PR-C, only 0.50 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.50, MFC-PR-C belongs to the best of the industry, outperforming 95.06% of the companies in the same industry.
A Debt/Equity ratio of 0.27 indicates that MFC-PR-C is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.27, MFC-PR-C is doing good in the industry, outperforming 77.78% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.5
Altman-Z N/A
ROIC/WACC0.07
WACC10.08%
MFC-PR-C.CA Yearly LT Debt VS Equity VS FCFMFC-PR-C.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-C.CA Yearly Current Assets VS Current LiabilitesMFC-PR-C.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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5

3. Growth

3.1 Past

MFC-PR-C shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.86%, which is quite good.
The Earnings Per Share has been growing slightly by 5.49% on average over the past years.
Looking at the last year, MFC-PR-C shows a quite strong growth in Revenue. The Revenue has grown by 11.13% in the last year.
MFC-PR-C shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -13.62% yearly.
EPS 1Y (TTM)8.86%
EPS 3Y6.08%
EPS 5Y5.49%
EPS Q2Q%5.32%
Revenue 1Y (TTM)11.13%
Revenue growth 3Y-12.52%
Revenue growth 5Y-13.62%
Sales Q2Q%-11.27%

3.2 Future

MFC-PR-C is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.15% yearly.
The Revenue is expected to grow by 18.64% on average over the next years. This is quite good.
EPS Next Y7.65%
EPS Next 2Y8.57%
EPS Next 3Y6.76%
EPS Next 5Y5.15%
Revenue Next Year9.3%
Revenue Next 2Y7.46%
Revenue Next 3Y6.55%
Revenue Next 5Y18.64%

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-C.CA Yearly Revenue VS EstimatesMFC-PR-C.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-C.CA Yearly EPS VS EstimatesMFC-PR-C.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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7

4. Valuation

4.1 Price/Earnings Ratio

MFC-PR-C is valuated cheaply with a Price/Earnings ratio of 5.09.
Compared to the rest of the industry, the Price/Earnings ratio of MFC-PR-C is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.34, MFC-PR-C is valued rather cheaply.
The Price/Forward Earnings ratio is 4.37, which indicates a rather cheap valuation of MFC-PR-C.
MFC-PR-C's Price/Forward Earnings ratio is in line with the industry average.
MFC-PR-C is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.03, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.09
Fwd PE 4.37
MFC-PR-C.CA Price Earnings VS Forward Price EarningsMFC-PR-C.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MFC-PR-C is valued cheaply inside the industry as 81.48% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MFC-PR-C indicates a somewhat cheap valuation: MFC-PR-C is cheaper than 65.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 1.2
EV/EBITDA 2.54
MFC-PR-C.CA Per share dataMFC-PR-C.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

MFC-PR-C's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of MFC-PR-C may justify a higher PE ratio.
PEG (NY)0.66
PEG (5Y)0.93
EPS Next 2Y8.57%
EPS Next 3Y6.76%

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7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.63%, MFC-PR-C is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.01, MFC-PR-C has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, MFC-PR-C pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.63%

5.2 History

On average, the dividend of MFC-PR-C grows each year by 20.17%, which is quite nice.
MFC-PR-C has been paying a dividend for at least 10 years, so it has a reliable track record.
MFC-PR-C has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)20.17%
Div Incr Years0
Div Non Decr Years18
MFC-PR-C.CA Yearly Dividends per shareMFC-PR-C.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

67.87% of the earnings are spent on dividend by MFC-PR-C. This is not a sustainable payout ratio.
The dividend of MFC-PR-C is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP67.87%
EPS Next 2Y8.57%
EPS Next 3Y6.76%
MFC-PR-C.CA Yearly Income VS Free CF VS DividendMFC-PR-C.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-C.CA Dividend Payout.MFC-PR-C.CA Dividend Payout, showing the Payout Ratio.MFC-PR-C.CA Dividend Payout.PayoutRetained Earnings

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MANULIFE FINANCIAL CORP - MFCCN 4 1/2 PERP

TSX:MFC-PR-C (6/20/2025, 7:00:00 PM)

20

+0.03 (+0.15%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)05-07 2025-05-07/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners55.65%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap34.25B
Analysts76.47
Price Target23.71 (18.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.63%
Yearly Dividend1.79
Dividend Growth(5Y)20.17%
DP67.87%
Div Incr Years0
Div Non Decr Years18
Ex-Date05-21 2025-05-21 (0.28125)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.67%
Min EPS beat(2)-0.52%
Max EPS beat(2)7.87%
EPS beat(4)3
Avg EPS beat(4)3.94%
Min EPS beat(4)-0.52%
Max EPS beat(4)7.87%
EPS beat(8)7
Avg EPS beat(8)5.06%
EPS beat(12)9
Avg EPS beat(12)3.72%
EPS beat(16)11
Avg EPS beat(16)2.45%
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)6.13%
PT rev (3m)-4.36%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.18%
EPS NY rev (1m)0%
EPS NY rev (3m)0.85%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.68%
Valuation
Industry RankSector Rank
PE 5.09
Fwd PE 4.37
P/S 0.92
P/FCF 1.2
P/OCF 1.2
P/B 0.66
P/tB 0.84
EV/EBITDA 2.54
EPS(TTM)3.93
EY19.65%
EPS(NY)4.57
Fwd EY22.87%
FCF(TTM)16.7
FCFY83.51%
OCF(TTM)16.7
OCFY83.51%
SpS21.83
BVpS30.23
TBVpS23.76
PEG (NY)0.66
PEG (5Y)0.93
Profitability
Industry RankSector Rank
ROA 0.48%
ROE 9.06%
ROCE 0.85%
ROIC 0.72%
ROICexc 0.74%
ROICexgc 1.72%
OM 21.86%
PM (TTM) 12.55%
GM N/A
FCFM 76.52%
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-Score7
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 0.5
Debt/EBITDA 1.56
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 5.23
Cash Conversion 314.66%
Profit Quality 609.81%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC10.08%
ROIC/WACC0.07
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)8.86%
EPS 3Y6.08%
EPS 5Y5.49%
EPS Q2Q%5.32%
EPS Next Y7.65%
EPS Next 2Y8.57%
EPS Next 3Y6.76%
EPS Next 5Y5.15%
Revenue 1Y (TTM)11.13%
Revenue growth 3Y-12.52%
Revenue growth 5Y-13.62%
Sales Q2Q%-11.27%
Revenue Next Year9.3%
Revenue Next 2Y7.46%
Revenue Next 3Y6.55%
Revenue Next 5Y18.64%
EBIT growth 1Y7.6%
EBIT growth 3Y-1.3%
EBIT growth 5Y3.07%
EBIT Next Year-70.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y67.64%
FCF growth 3Y4.59%
FCF growth 5Y5.22%
OCF growth 1Y67.64%
OCF growth 3Y4.59%
OCF growth 5Y5.22%