Manulife Financial Corporation (MFC)

NYSE: MFC · IEX Real-Time Price · USD
+0.14 (0.79%)
Sep 29, 2023, 10:03 AM EDT - Market open

Total Valuation

MFC has a market cap or net worth of $33.94 billion. The enterprise value is $27.54 billion.

Market Cap 33.94B
Enterprise Value 27.54B

Important Dates

The next confirmed earnings date is Wednesday, November 8, 2023, after market close.

Earnings Date Nov 8, 2023
Ex-Dividend Date Aug 22, 2023

Share Statistics

MFC has 1.82 billion shares outstanding. The number of shares has increased by 2.42% in one year.

Shares Outstanding 1.82B
Shares Change (YoY) +2.42%
Shares Change (QoQ) n/a
Owned by Insiders (%) 0.03%
Owned by Institutions (%) 53.45%
Float n/a

Valuation Ratios

The trailing PE ratio is 8.68 and the forward PE ratio is 5.36. MFC's PEG ratio is 1.84.

PE Ratio 8.68
Forward PE 5.36
PS Ratio 1.13
Forward PS n/a
PB Ratio 0.99
P/FCF Ratio 2.37
PEG Ratio 1.84
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 4.20, with an EV/FCF ratio of 1.94.

EV / Earnings 6.82
EV / Sales 0.93
EV / EBITDA 4.20
EV / EBIT 4.48
EV / FCF 1.94

Financial Position

Current Ratio n/a
Quick Ratio n/a
Debt / Equity 0.28
Debt / EBITDA 1.44
Debt / FCF 0.67
Interest Coverage 5.39

Financial Efficiency

Return on equity (ROE) is 11.00% and return on invested capital (ROIC) is 1.00%.

Return on Equity (ROE) 11.00%
Return on Assets (ROA) 0.60%
Return on Capital (ROIC) 1.00%
Revenue Per Employee $741,917
Profits Per Employee $100,959
Employee Count 40,000
Asset Turnover 0.05
Inventory Turnover n/a


In the past 12 months, MFC has paid $795.23 million in taxes.

Income Tax 795.23M
Effective Tax Rate 16.45%

Stock Price Statistics

The stock price has increased by +15.08% in the last 52 weeks. The beta is 1.13, so MFC's price volatility has been higher than the market average.

Beta (1Y) 1.13
52-Week Price Change +15.08%
50-Day Moving Average 18.94
200-Day Moving Average 18.92
Relative Strength Index (RSI) 50.69
Average Volume (30 Days) 3,416,233

Short Selling Information

The latest short interest is 19.85 million, so 1.09% of the outstanding shares have been sold short.

Short Interest 19.85M
Short Previous Month 35.30M
Short % of Shares Out 1.09%
Short % of Float n/a
Short Ratio (days to cover) 5.54

Income Statement

In the last 12 months, MFC had revenue of $29.68 billion and earned $4.04 billion in profits. Earnings per share was $2.13.

Revenue 29.68B
Gross Profit 14.56B
Operating Income 5.62B
Pretax Income 5.00B
Net Income 4.04B
EBIT 6.14B
Earnings Per Share (EPS) $2.13
Full Income Statement

Balance Sheet

The company has $15.59 billion in cash and $9.46 billion in debt, giving a net cash position of $6.13 billion or $3.36 per share.

Cash & Cash Equivalents 15.59B
Total Debt 9.46B
Net Cash 6.13B
Net Cash Per Share $3.36
Equity / Book Value 33.91B
Book Value Per Share 18.60
Working Capital n/a
Full Balance Sheet

Cash Flow

Operating Cash Flow 14.21B
Capital Expenditures n/a
Free Cash Flow 14.21B
FCF Per Share $7.21
Full Cash Flow Statement


Gross margin is 49.07%, with operating and profit margins of 18.95% and 13.61%.

Gross Margin 49.07%
Operating Margin 18.95%
Pretax Margin 16.85%
Profit Margin 13.61%
EBITDA Margin 22.07%
EBIT Margin 20.69%
FCF Margin 47.88%

Dividends & Yields

This stock pays an annual dividend of $1.08, which amounts to a dividend yield of 5.79%.

Dividend Per Share $1.08
Dividend Yield 5.79%
Earnings Yield 11.99%
FCF Yield 42.19%
Dividend Growth (YoY) 2.63%
Payout Ratio 50.69%
Buyback Yield -2.42%
Shareholder Yield 3.41%
Dividend Details

Analyst Forecast

The average price target for MFC is $30.50, which is 63.85% higher than the current price. The consensus rating is "Buy".

Price Target $30.50
Price Target Difference 63.85%
Analyst Consensus Buy
Analyst Count 2
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) -0.41%
Stock Forecasts

Stock Splits

The last stock split was on June 5, 2006. It was a forward split with a ratio of 2:1.

Last Split Date Jun 5, 2006
Split Type Forward
Split Ratio 2:1