0.75%
0.32%
5.98%
22.16%
48.25%
66.79%
66.73%
AI Spotlight on MFC
Company Description
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally.The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; And Corporate and Other segments.The Wealth and Asset Management Businesses segment provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks.
The Insurance and Annuity Products segment offers deposit and credit products; individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.The Corporate and Other segment is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health.It also manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life, annuity, long-term care, and financial reinsurance; and fund management businesses.
Additionally, the company holds and manages provides investment management, counseling, advisory, and dealer services.Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.
Market Data
| Last Price | 44.15 |
| Change Percentage | 0.75% |
| Open | 44 |
| Previous Close | 43.82 |
| Market Cap ( Millions) | 77346 |
| Volume | 6550521 |
| Year High | 46.42 |
| Year Low | 28.95 |
| M A 50 | 44.32 |
| M A 200 | 38.91 |
Financial Ratios
| FCF Yield | 33.01% |
| Dividend Yield | 3.62% |
| ROE | 11.75% |
| Debt / Equity | 26.40% |
| Net Debt / EBIDTA | -110.21% |
| Price To Book | 1.56 |
| Price Earnings Ratio | 13.72 |
| Price To FCF | 3.03 |
| Price To sales | 1.7 |
| EV / EBITDA | 7.72 |
News
- Jan -29 - Manulife Financial Corporation announces Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 19
- Jan -29 - Manulife to Release Fourth Quarter and Full Year 2024 Results
- Jan -27 - Manulife Investment Management Announces Close of $480 million Forest Climate Fund
- Jan -24 - Manulife Investment Management Announces January 2025 Cash Distributions for Manulife Exchange Traded Funds and ETF Series of Manulife Funds
- Jan -22 - With 56% ownership in Manulife Financial Corporation (TSE:MFC), institutional investors have a lot riding on the business
- Jan -21 - RBC Capital Previews Canadian Lifecos Q4
- Jan -16 - Manulife Investment Management Welcomes Ryan Hanna as Global Chief Operating Officer, Private Markets
- Jan -11 - Is Manulife Financial Corporation (MFC) the Best Canadian Dividend Stock to Buy For Income Investors?
- Jan -03 - MFC Rallies 41.1% in a Year: A Signal for Investors to Hold Tight?
- Jan -03 - Manulife finalises $5.4bn reinsurance deal with RGA
- Jan -02 - Manulife Closes LTC Reinsurance Transaction with RGA
- Dec -30 - Manulife Investment Management Announces Final 2024 Cash Distributions for Manulife Exchange Traded Funds and ETF Series of Manulife Funds
- Dec -30 - Manulife Investment Management Announces Final Reinvested Capital Gains Distributions for Manulife Exchange Traded Funds and ETF Series of Manulife Funds
- Dec -26 - BOC Life, HSBC, Manulife aim for bigger share of Hong Kong's 'silver-hair' economy
- Dec -25 - Manulife Financial Corporation's (TSE:MFC) Stock Is Going Strong: Have Financials A Role To Play?
- Dec -22 - Is Manulife Financial Corporation (MFC) the Best Dividend Stock for Steady Income?
- Dec -18 - John Hancock Investment Management Grows Active Fixed Income ETF Suite with Core and Core Plus Bond ETFs
- Dec -10 - Manulife announces results of external auditor tender process
- Dec -09 - Manulife Cautions Investors on New York Stock and Bond LLC Offer for Shares
- Dec -09 - Manulife cautions investors regarding New York Stock and Bond LLC offer for shares
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Global Wealth and Asset Management
Expected Growth : 8.37 %
What the company do ?
Global Wealth and Asset Management from Manulife Financial Corporation offers investment management and wealth management services to individuals, institutions, and pension plans globally.
Why we expect these perspectives ?
Manulife Financial Corporation's Global Wealth and Asset Management segment growth of 8.37% is driven by increasing demand for retirement and investment products, expansion in Asia, and strategic acquisitions. Additionally, the segment benefits from a strong brand reputation, diversified product offerings, and a robust distribution network.
Segment n°2 -> Canada
Expected Growth : 4.83 %
What the company do ?
Manulife Financial Corporation is a leading Canadian insurance and financial services company, headquartered in Toronto, Ontario, Canada.
Why we expect these perspectives ?
Manulife Financial Corporation's 4.83% growth in Canada is driven by a strong economy, increasing demand for insurance and wealth management products, and strategic acquisitions. The company's diversified business model, including its global asset management arm, has also contributed to its growth. Additionally, Manulife's focus on digital transformation and customer experience has enhanced its competitiveness in the Canadian market.
Segment n°3 -> Corporate and Other Segment
Expected Growth : 5.4 %
What the company do ?
The Corporate and Other Segment from Manulife Financial Corporation includes net gains on sale of investments, other revenues, and expenses not allocated to other segments.
Why we expect these perspectives ?
The 5.4% growth in Manulife's Corporate and Other Segment is driven by strong investment gains, favorable foreign exchange rates, and increased fees from reinsurance agreements. Additionally, the segment benefited from lower taxes and a decrease in expenses, contributing to the overall growth.
Segment n°4 -> Asia
Expected Growth : 8.5 %
What the company do ?
Asia is a key market for Manulife Financial Corporation, with operations in 12 countries, offering a range of insurance and wealth management products.
Why we expect these perspectives ?
Manulife's 8.5% growth in Asia is driven by increasing demand for insurance and wealth management products, fueled by rising affluence and a growing middle class. Expanding distribution channels, strategic partnerships, and digitalization efforts also contribute to growth. Additionally, favorable demographics, urbanization, and government initiatives supporting financial inclusion further boost the region's growth potential.
Segment n°5 -> United States
Expected Growth : 4.73 %
What the company do ?
The United States, from Manulife Financial Corporation's perspective, is a key market for insurance and wealth management services, offering a diverse range of products to individuals and businesses.
Why we expect these perspectives ?
The 4.73% growth in the United States segment of Manulife Financial Corporation is driven by a strong economy, increasing demand for insurance products, and a growing middle class. Additionally, the company's strategic expansion into new markets, innovative product offerings, and effective cost management have contributed to this growth.
Manulife Financial Corporation Products
| Product Range | What is it ? |
|---|---|
| Individual Insurance | Manulife offers a range of individual insurance products, including term life, whole life, and universal life insurance, to provide financial protection and security to individuals and their families. |
| Group Benefits | Manulife provides group benefits products, including life insurance, health insurance, and disability insurance, to employers to offer to their employees as part of their benefits package. |
| Group Retirement Solutions | Manulife offers group retirement solutions, including defined contribution pension plans and group registered retirement savings plans, to help employees save for retirement. |
| Wealth and Asset Management | Manulife's wealth and asset management division offers a range of investment products, including mutual funds, exchange-traded funds, and institutional investment solutions. |
| Reinsurance | Manulife's reinsurance division provides reinsurance solutions to other insurance companies, helping them to manage their risk and improve their capital efficiency. |
| Asia Wealth Management | Manulife's Asia wealth management division offers a range of wealth management products and services, including insurance, investments, and banking solutions. |
| Global Wealth and Asset Management | Manulife's global wealth and asset management division offers a range of investment products and services, including mutual funds, exchange-traded funds, and institutional investment solutions. |
Manulife Financial Corporation's Porter Forces
Threat Of Substitutes
Manulife Financial Corporation operates in a highly competitive industry, and customers have various alternatives to choose from. However, the company's strong brand reputation and diversified product offerings mitigate the threat of substitutes to some extent.
Bargaining Power Of Customers
Manulife Financial Corporation's customers have significant bargaining power due to the availability of numerous insurance providers and financial institutions. This forces the company to maintain competitive pricing and high-quality services to retain customers.
Bargaining Power Of Suppliers
Manulife Financial Corporation has a diversified supply chain, and its suppliers have limited bargaining power. The company's scale and financial resources also give it an upper hand in negotiations with suppliers.
Threat Of New Entrants
The insurance and financial services industry has significant barriers to entry, including regulatory hurdles and high capital requirements. This limits the threat of new entrants and allows established players like Manulife Financial Corporation to maintain their market position.
Intensity Of Rivalry
The insurance and financial services industry is highly competitive, with numerous players vying for market share. Manulife Financial Corporation faces intense competition from established players and new entrants, which drives innovation and pricing pressures.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 22.08% |
| Debt Cost | 9.42% |
| Equity Weight | 77.92% |
| Equity Cost | 9.42% |
| WACC | 9.42% |
| Leverage | 28.34% |
Manulife Financial Corporation : Quality Control
Manulife Financial Corporation passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| ELF.TO | E-L Financial Corporation Limited operates as an investment and insurance holding company in Canada. It operates through two segments, E-L Corporate and Empire Life. The company owns investments in equities … |
| PRU | Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, … |
| MET | MetLife, Inc., a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and … |
| AFL | Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. It operates through two segments, Aflac Japan and Aflac U.S. The Aflac Japan segment offers cancer, medical, nursing … |
| GWO.TO | Great-West Lifeco Inc., a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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E-L Financial
A-Score
1-Year Total Return ->
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Great-West Lifeco
A-Score
1-Year Total Return ->
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Manulife
A-Score
1-Year Total Return ->
4
MetLife
A-Score
1-Year Total Return ->
5
Prudential Financial
A-Score
1-Year Total Return ->
6
