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Manulife Financial (MFC) Stock Analysis

This is a peer-relative look at Manulife Financial (MFC): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Insurance peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Manulife Financial (MFC)
Profile ItemMFC
NameManulife Financial Corporation
Country/RegionCanada
GICS SectorFinancials
GICS Industry GroupInsurance
GICS IndustryInsurance
GICS Sub-IndustryLife & Health Insurance
Market Capitalization73.57 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateSeptember 24, 1999
Security TypeCommon Stock

Price Performance

Cumulative Growth

MFC
GSPC
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Manulife Financial (MFC) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Manulife Financial (MFC) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Manulife Financial (MFC) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Manulife Financial (MFC) metric values compared with Insurance industry-group medians
MetricCurrent stock: MFCIndustry group median
Total Return (1Y)47.45%11.78%
Total Return (3Y, Annualized)38.30%17.73%
Total Return (5Y, Annualized)23.09%10.19%

Risk Profile

Drawdown History

MFC
GSPC
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Manulife Financial (MFC) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Manulife Financial (MFC) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Manulife Financial (MFC) metric values compared with Insurance industry-group medians
MetricCurrent stock: MFCIndustry group median
Volatility (1Y, Annualized)20.00%28.54%
Beta (5Y)0.840.52
Max Drawdown (5Y)-26.99%-36.69%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MFC is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Manulife Financial (MFC) metric values compared with Insurance industry-group medians
MetricCurrent stock: MFCIndustry group median
Sharpe Ratio (1Y)2.170.32
Sortino Ratio (1Y)3.210.44

Profitability

ROE (TTM)

Manulife Financial (MFC) posts ROE of 13.31%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

MFC

Insurance industry group

13.31%

Group distribution
Max
38.99%
Q3
22.13%
Median
15.10%
MFC
13.31%
Q1
10.16%
Min
-3.97%
Largest peers
AON
44.70%
PGR
34.94%
TRV
26.51%
MRSH
25.90%
CB
14.82%
MFC
13.31%
AJG
6.72%
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Where Manulife Financial (MFC) stands on ROE within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Manulife Financial (MFC) keeps 20.31% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

MFC

Insurance industry group

20.31%

Group distribution
Max
37.68%
MFC
20.31%
Q3
19.27%
Median
11.38%
Q1
5.91%
Min
-10.79%
Largest peers
AON
22.27%
MFC
20.31%
CB
18.07%
TRV
16.95%
MRSH
14.24%
PGR
12.85%
AJG
10.38%
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Where Manulife Financial (MFC) stands on net margin within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Manulife Financial (MFC) in Insurance: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Manulife Financial (MFC) metric values compared with Insurance industry-group medians
MetricCurrent stock: MFCIndustry group median
ROE (TTM)13.31%15.10%
ROA (TTM)0.60%3.13%
Net Margin (TTM)20.31%11.38%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

No usable revenue growth is available for Manulife Financial (MFC) this period, so the top-line momentum read is skipped.

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Manulife Financial (MFC): Revenue Growth across different time periods, set against Insurance industry-group medians.

EPS Growth

Manulife Financial (MFC) grew earnings per share 8.10%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

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Manulife Financial (MFC): EPS Growth across different time periods, set against Insurance industry-group medians.

Growth Metrics

Manulife Financial (MFC) metric values compared with Insurance industry-group medians
MetricCurrent stock: MFCIndustry group median
Revenue Growth (YoY)--8.15%
Revenue Growth (3Y CAGR)29.95%11.40%
EPS Growth (YoY)8.10%21.77%
EPS Growth (3Y CAGR)-5.86%18.46%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Manulife Financial (MFC) in Insurance: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Manulife Financial (MFC) in Insurance: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Manulife Financial (MFC) metric values compared with Insurance industry-group medians
MetricCurrent stock: MFCIndustry group median
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Manulife Financial (MFC) has dividend yield of 4.15%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

MFC

Insurance industry group

4.15%

Group distribution
Max
4.67%
MFC
4.15%
Q3
2.38%
Median
1.20%
Q1
0.00%
Min
0.00%
Largest peers
MFC
4.15%
MRSH
1.96%
TRV
1.22%
CB
1.13%
AJG
1.01%
AON
0.93%
PGR
0.18%
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Where Manulife Financial (MFC) stands on dividend yield within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Manulife Financial (MFC) has payout ratio of 50.14%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

MFC

Insurance industry group

50.14%

Group distribution
Max
79.14%
MFC
50.14%
Q3
34.33%
Median
15.16%
Q1
0.00%
Min
0.00%
Largest peers
PGR
69.74%
MFC
50.14%
AJG
44.78%
MRSH
43.96%
AON
16.84%
CB
13.93%
TRV
12.23%
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Where Manulife Financial (MFC) stands on payout ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Manulife Financial (MFC) metric values compared with Insurance industry-group medians
MetricCurrent stock: MFCIndustry group median
Dividend Yield (TTM)4.15%1.20%
Dividend Payout Ratio (TTM)50.14%15.16%

Valuation

P/E Ratio (TTM)

Manulife Financial (MFC) trades at P/E ratio of 16.67, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

MFC

Insurance industry group

16.67

Group distribution
Max
28.23
Q3
18.78
MFC
16.67
Median
12.33
Q1
8.87
Min
3.24
Largest peers
AJG
43.49
MRSH
22.68
AON
17.82
MFC
16.67
CB
12.10
PGR
10.99
TRV
9.93
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Where Manulife Financial (MFC) stands on P/E ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Manulife Financial (MFC) trades at 2.22 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

MFC

Insurance industry group

2.22

Group distribution
Max
4.26
Q3
2.31
MFC
2.22
Median
1.27
Q1
0.92
Min
0.08
Largest peers
AJG
4.46
AON
3.90
MRSH
3.17
MFC
2.22
CB
2.13
TRV
1.57
PGR
1.40
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Where Manulife Financial (MFC) stands on P/S ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Manulife Financial (MFC) trades at 2.01 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

MFC

Insurance industry group

2.01

Group distribution
Max
4.84
Q3
2.72
MFC
2.01
Median
1.92
Q1
1.24
Min
0.45
Largest peers
AON
7.14
MRSH
5.85
PGR
3.71
AJG
2.84
TRV
2.33
MFC
2.01
CB
1.75
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Where Manulife Financial (MFC) stands on P/B ratio within its Insurance peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Manulife Financial (MFC) metric values compared with Insurance industry-group medians
MetricCurrent stock: MFCIndustry group median
P/E Ratio (TTM)16.6712.33
P/S Ratio (TTM)2.221.27
P/B Ratio (MRQ)2.011.92
Free Cash Flow Yield (TTM)----