MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP (MFC-PR-K.CA) Fundamental Analysis & Valuation

TSX:MFC-PR-K • CA56501R7426

25.5 CAD
+0.35 (+1.39%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This MFC-PR-K.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to MFC-PR-K. MFC-PR-K was compared to 80 industry peers in the Insurance industry. MFC-PR-K has an average financial health and profitability rating. MFC-PR-K has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. MFC-PR-K.CA Profitability Analysis

1.1 Basic Checks

  • In the past year MFC-PR-K was profitable.
  • MFC-PR-K had a positive operating cash flow in the past year.
  • MFC-PR-K had positive earnings in 4 of the past 5 years.
  • MFC-PR-K had a positive operating cash flow in each of the past 5 years.
MFC-PR-K.CA Yearly Net Income VS EBIT VS OCF VS FCFMFC-PR-K.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

1.2 Ratios

  • MFC-PR-K's Return On Assets of 0.51% is in line compared to the rest of the industry. MFC-PR-K outperforms 53.75% of its industry peers.
  • MFC-PR-K has a worse Return On Equity (10.30%) than 73.75% of its industry peers.
  • MFC-PR-K's Return On Invested Capital of 0.73% is fine compared to the rest of the industry. MFC-PR-K outperforms 65.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MFC-PR-K is below the industry average of 3.17%.
Industry RankSector Rank
ROA 0.51%
ROE 10.3%
ROIC 0.73%
ROA(3y)0.53%
ROA(5y)0.41%
ROE(3y)10.1%
ROE(5y)7.53%
ROIC(3y)0.76%
ROIC(5y)N/A
MFC-PR-K.CA Yearly ROA, ROE, ROICMFC-PR-K.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

1.3 Margins

  • MFC-PR-K's Profit Margin of 13.57% is amongst the best of the industry. MFC-PR-K outperforms 86.25% of its industry peers.
  • MFC-PR-K's Profit Margin has improved in the last couple of years.
  • MFC-PR-K has a Operating Margin of 22.28%. This is amongst the best in the industry. MFC-PR-K outperforms 83.75% of its industry peers.
  • In the last couple of years the Operating Margin of MFC-PR-K has grown nicely.
Industry RankSector Rank
OM 22.28%
PM (TTM) 13.57%
GM N/A
OM growth 3YN/A
OM growth 5Y20.81%
PM growth 3YN/A
PM growth 5Y11.35%
GM growth 3YN/A
GM growth 5YN/A
MFC-PR-K.CA Yearly Profit, Operating, Gross MarginsMFC-PR-K.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

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4

2. MFC-PR-K.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so MFC-PR-K is destroying value.
  • MFC-PR-K has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for MFC-PR-K has been reduced compared to 5 years ago.
  • The debt/assets ratio for MFC-PR-K has been reduced compared to a year ago.
MFC-PR-K.CA Yearly Shares OutstandingMFC-PR-K.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
MFC-PR-K.CA Yearly Total Debt VS Total AssetsMFC-PR-K.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B 800B 1T

2.2 Solvency

  • MFC-PR-K 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-K has a better Debt to FCF ratio (0.46) than 87.50% of its industry peers.
  • A Debt/Equity ratio of 0.29 indicates that MFC-PR-K is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.29, MFC-PR-K is in line with its industry, outperforming 51.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 0.46
Altman-Z N/A
ROIC/WACC0.09
WACC8.24%
MFC-PR-K.CA Yearly LT Debt VS Equity VS FCFMFC-PR-K.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
MFC-PR-K.CA Yearly Current Assets VS Current LiabilitesMFC-PR-K.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MFC-PR-K.CA Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 8.76% over the past year.
  • MFC-PR-K shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.86% yearly.
  • Looking at the last year, MFC-PR-K shows a small growth in Revenue. The Revenue has grown by 3.39% in the last year.
  • Measured over the past years, MFC-PR-K shows a very negative growth in Revenue. The Revenue has been decreasing by -11.65% on average per year.
EPS 1Y (TTM)8.76%
EPS 3Y10.83%
EPS 5Y8.86%
EPS Q2Q%8.74%
Revenue 1Y (TTM)3.39%
Revenue growth 3Y19.45%
Revenue growth 5Y-11.65%
Sales Q2Q%-24.06%

3.2 Future

  • Based on estimates for the next years, MFC-PR-K will show a small growth in Earnings Per Share. The EPS will grow by 4.26% on average per year.
  • MFC-PR-K is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.32% yearly.
EPS Next Y9.32%
EPS Next 2Y9.22%
EPS Next 3Y9.66%
EPS Next 5Y4.26%
Revenue Next Year8.5%
Revenue Next 2Y6.04%
Revenue Next 3Y16.24%
Revenue Next 5Y13.32%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MFC-PR-K.CA Yearly Revenue VS EstimatesMFC-PR-K.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B
MFC-PR-K.CA Yearly EPS VS EstimatesMFC-PR-K.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1 2 3 4 5

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6

4. MFC-PR-K.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • MFC-PR-K is valuated cheaply with a Price/Earnings ratio of 6.04.
  • The rest of the industry has a similar Price/Earnings ratio as MFC-PR-K.
  • The average S&P500 Price/Earnings ratio is at 26.46. MFC-PR-K is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 5.53, the valuation of MFC-PR-K can be described as very cheap.
  • MFC-PR-K's Price/Forward Earnings ratio is in line with the industry average.
  • MFC-PR-K is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.65, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 6.04
Fwd PE 5.53
MFC-PR-K.CA Price Earnings VS Forward Price EarningsMFC-PR-K.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-K is valued a bit cheaper than the industry average as 77.50% of the companies are valued more expensively.
  • 78.75% of the companies in the same industry are more expensive than MFC-PR-K, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 1.33
EV/EBITDA 3.17
MFC-PR-K.CA Per share dataMFC-PR-K.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • MFC-PR-K's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.65
PEG (5Y)0.68
EPS Next 2Y9.22%
EPS Next 3Y9.66%

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5

5. MFC-PR-K.CA Dividend Analysis

5.1 Amount

  • MFC-PR-K has a Yearly Dividend Yield of 3.06%.
  • Compared to an average industry Dividend Yield of 3.81, MFC-PR-K is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, MFC-PR-K pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.06%

5.2 History

  • The dividend of MFC-PR-K is nicely growing with an annual growth rate of 10.03%!
  • MFC-PR-K has been paying a dividend for at least 10 years, so it has a reliable track record.
  • MFC-PR-K has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.03%
Div Incr Years2
Div Non Decr Years4
MFC-PR-K.CA Yearly Dividends per shareMFC-PR-K.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 62.94% of the earnings are spent on dividend by MFC-PR-K. This is not a sustainable payout ratio.
  • MFC-PR-K's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP62.94%
EPS Next 2Y9.22%
EPS Next 3Y9.66%
MFC-PR-K.CA Yearly Income VS Free CF VS DividendMFC-PR-K.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B
MFC-PR-K.CA Dividend Payout.MFC-PR-K.CA Dividend Payout, showing the Payout Ratio.MFC-PR-K.CA Dividend Payout.PayoutRetained Earnings

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MFC-PR-K.CA Fundamentals: All Metrics, Ratios and Statistics

MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP

TSX:MFC-PR-K (3/9/2026, 7:00:00 PM)

25.5

+0.35 (+1.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-11
Earnings (Next)05-05
Inst Owners55.76%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap42.76B
Revenue(TTM)38.71B
Net Income(TTM)5.25B
Analysts75.79
Price Target29.69 (16.43%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.06%
Yearly Dividend1.94
Dividend Growth(5Y)10.03%
DP62.94%
Div Incr Years2
Div Non Decr Years4
Ex-Date02-25
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.84%
Min EPS beat(2)4.6%
Max EPS beat(2)11.07%
EPS beat(4)2
Avg EPS beat(4)3.07%
Min EPS beat(4)-2.89%
Max EPS beat(4)11.07%
EPS beat(8)6
Avg EPS beat(8)3.82%
EPS beat(12)9
Avg EPS beat(12)4.24%
EPS beat(16)11
Avg EPS beat(16)3.12%
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)10.38%
PT rev (3m)7.81%
EPS NQ rev (1m)1.62%
EPS NQ rev (3m)1.44%
EPS NY rev (1m)1.1%
EPS NY rev (3m)1.27%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 6.04
Fwd PE 5.53
P/S 1.1
P/FCF 1.33
P/OCF 1.33
P/B 0.84
P/tB 1.11
EV/EBITDA 3.17
EPS(TTM)4.22
EY16.55%
EPS(NY)4.61
Fwd EY18.09%
FCF(TTM)19.15
FCFY75.09%
OCF(TTM)19.15
OCFY75.09%
SpS23.08
BVpS30.39
TBVpS23.04
PEG (NY)0.65
PEG (5Y)0.68
Graham Number53.72
Profitability
Industry RankSector Rank
ROA 0.51%
ROE 10.3%
ROCE 0.86%
ROIC 0.73%
ROICexc 0.75%
ROICexgc 1.75%
OM 22.28%
PM (TTM) 13.57%
GM N/A
FCFM 82.95%
ROA(3y)0.53%
ROA(5y)0.41%
ROE(3y)10.1%
ROE(5y)7.53%
ROIC(3y)0.76%
ROIC(5y)N/A
ROICexc(3y)0.78%
ROICexc(5y)N/A
ROICexgc(3y)1.78%
ROICexgc(5y)N/A
ROCE(3y)0.9%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y4.35%
ROICexc growth 3YN/A
ROICexc growth 5Y3.45%
OM growth 3YN/A
OM growth 5Y20.81%
PM growth 3YN/A
PM growth 5Y11.35%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 0.46
Debt/EBITDA 1.54
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 5.69
Cash Conversion 337.91%
Profit Quality 611.41%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score6
WACC8.24%
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)519.68%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)8.76%
EPS 3Y10.83%
EPS 5Y8.86%
EPS Q2Q%8.74%
EPS Next Y9.32%
EPS Next 2Y9.22%
EPS Next 3Y9.66%
EPS Next 5Y4.26%
Revenue 1Y (TTM)3.39%
Revenue growth 3Y19.45%
Revenue growth 5Y-11.65%
Sales Q2Q%-24.06%
Revenue Next Year8.5%
Revenue Next 2Y6.04%
Revenue Next 3Y16.24%
Revenue Next 5Y13.32%
EBIT growth 1Y-1.68%
EBIT growth 3YN/A
EBIT growth 5Y6.73%
EBIT Next Year-67.9%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y21.18%
FCF growth 3Y24.52%
FCF growth 5Y9.88%
OCF growth 1Y21.18%
OCF growth 3Y24.52%
OCF growth 5Y9.88%

MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP / MFC-PR-K.CA FAQ

What is the ChartMill fundamental rating of MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP (MFC-PR-K.CA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to MFC-PR-K.CA.


What is the valuation status for MFC-PR-K stock?

ChartMill assigns a valuation rating of 6 / 10 to MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP (MFC-PR-K.CA). This can be considered as Fairly Valued.


How profitable is MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP (MFC-PR-K.CA) stock?

MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP (MFC-PR-K.CA) has a profitability rating of 5 / 10.


Can you provide the financial health for MFC-PR-K stock?

The financial health rating of MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP (MFC-PR-K.CA) is 4 / 10.


Is the dividend of MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP sustainable?

The dividend rating of MANULIFE FINANCIAL CORP - MFCCN 6.35 PERP (MFC-PR-K.CA) is 5 / 10 and the dividend payout ratio is 62.94%.