Manulife Financial (MFC) AI Stock Analysis

• Market Cap: C$79.58B
• Dividend Yield: 3.67%
• Average Volume (3M): 5.39M
• Price to Earnings (P/E): 15.0
• Beta (1Y): 1.20
• Revenue Growth: 9.37%
• EPS Growth: 32.06%
• Country: CA
• Employees: 37,000
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 0.95
• Shares Outstanding: 1,698,536,000
• 10 Day Avg. Volume: 7,178,392
• 30 Day Avg. Volume: 5,389,522
• PEG Ratio: 1.59
• Price to Book (P/B): 1.52
• Price to Sales (P/S): 1.72
• P/FCF Ratio: 2.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$52.33
• Price Target Upside: 11.70% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 4.01
• Revenue Forecast (FY): C$34.69B

• Rating: 72 Outperform
• Price Target: C$49.00 ▲(4.59% Upside)

Manulife Financial's strong financial performance and positive technical indicators are the primary drivers of its overall stock score. The company's solid revenue growth, profitability, and effective cash flow management contribute to a stable financial foundation. Technical analysis supports a bullish outlook, with the stock trading above key moving averages and showing positive momentum. Valuation metrics are reasonable, offering a balanced risk-reward profile. The absence of recent earnings call data and notable corporate events does not impact the score significantly.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust demand for Manulife's products and services, supporting long-term market position and expansion.

Cash Flow Management

Strong cash flow management ensures Manulife can fund operations and growth initiatives, enhancing financial stability and shareholder value.

Balance Sheet Health

A stable debt-to-equity ratio reflects prudent financial management, providing flexibility for future investments and resilience against economic fluctuations.

Negative Factors

Revenue Decline Risk

Past revenue declines highlight potential vulnerabilities in market demand or operational challenges, which could impact future growth if not addressed.

Equity and Debt Volatility

Volatility in equity and debt levels may indicate financial instability, affecting investor confidence and the company's ability to raise capital efficiently.

Profit Margin Sustainability

While current margins are strong, historical declines suggest challenges in maintaining profitability, which could pressure future earnings and strategic initiatives.

Manulife Financial Business Overview & Revenue Model

Company Description

Manulife Financial Corporation (MFC) is a leading international financial services group headquartered in Toronto, Canada. The company operates primarily in the segments of insurance and wealth management, offering a diverse range of products and services including life insurance, health insurance, retirement solutions, mutual funds, and investment services. Manulife serves millions of customers across Canada, the United States, and Asia, positioning itself as a key player in the global financial landscape and focusing on delivering tailored financial solutions to meet the varying needs of individuals and businesses.

How the Company Makes Money

Manulife Financial generates revenue through several key streams. The primary source of income comes from premiums collected from its insurance policies, including life and health insurance. The company also earns money through investment income generated from its portfolio of assets, which includes bonds, stocks, and real estate investments. Additionally, Manulife receives fees from managing mutual funds and other investment products. The firm benefits from its partnerships with financial advisors and institutions, which help distribute its products and expand its market reach. Furthermore, the company leverages technology and digital platforms to enhance customer engagement and streamline operations, ultimately contributing to its profitability.

Manulife Financial Financial Statement Overview

Summary

Manulife Financial exhibits strong financial health with solid revenue growth, profitability, and cash flow management. The company has effectively managed its leverage and equity, contributing to a stable financial foundation. Occasional fluctuations in revenue and equity are noted, but the company's consistent performance in key financial metrics positions it well for future growth.

Income Statement

Manulife Financial has shown a strong revenue growth rate of 6.15% in the TTM, indicating a positive trend in revenue generation. The gross profit margin is healthy at 32.25%, and the net profit margin is solid at 12.70%, reflecting efficient cost management. EBIT and EBITDA margins are also robust, suggesting strong operational performance. However, the company experienced a significant revenue decline in 2022, which could pose a risk if repeated.

Balance Sheet

The company's debt-to-equity ratio is stable at 0.27, indicating a balanced approach to leveraging. Return on equity is strong at 11.91%, showcasing effective utilization of shareholder funds. The equity ratio is not explicitly calculated, but the overall financial stability appears solid. Historical fluctuations in equity and debt levels suggest potential volatility.

Cash Flow

Manulife Financial demonstrates strong cash flow management with a free cash flow to net income ratio of 1.0, indicating efficient cash generation relative to profits. The operating cash flow to net income ratio is not available for TTM, but past data shows robust cash flow coverage. Free cash flow growth is positive, albeit modest, at 0.7% in the TTM.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	47.46B	45.58B	42.31B	23.62B	59.84B	77.12B
Gross Profit	15.72B	15.11B	13.68B	1.00B	25.27B	23.30B
EBITDA	7.50B	7.26B	6.59B	-3.56B	9.66B	8.61B
Net Income	6.05B	5.63B	5.46B	-2.10B	6.66B	5.33B
Balance Sheet
Total Assets	977.47B	978.82B	875.57B	848.94B	917.64B	880.35B
Cash, Cash Equivalents and Short-Term Investments	23.77B	25.79B	20.34B	19.15B	22.59B	26.17B
Total Debt	13.28B	14.16B	12.74B	12.36B	11.86B	13.99B
Total Liabilities	926.22B	925.86B	826.85B	792.56B	858.77B	827.34B
Stockholders Equity	49.85B	51.54B	47.30B	46.80B	58.41B	51.55B
Cash Flow
Free Cash Flow	28.61B	26.49B	20.42B	16.63B	23.16B	20.05B
Operating Cash Flow	28.61B	26.49B	20.42B	16.63B	23.16B	20.05B
Investing Cash Flow	-20.88B	-18.46B	-13.72B	-18.40B	-24.44B	-14.15B
Financing Cash Flow	-6.07B	-4.17B	-5.04B	-1.83B	-2.05B	663.00M

Manulife Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 46.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MFC, the sentiment is Positive. The current price of 46.85 is above the 20-day moving average (MA) of 45.47, above the 50-day MA of 44.22, and above the 200-day MA of 42.52, indicating a bullish trend. The MACD of 0.72 indicates Negative momentum. The RSI at 65.31 is Neutral, neither overbought nor oversold. The STOCH value of 88.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MFC.

Manulife Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SLF	78 Outperform	C$46.18B	15.57	11.96%	3.95%	-19.88%	-13.92%
IFC	77 Outperform	C$47.29B	20.32	16.27%	1.86%	2.51%	44.44%
GWO	76 Outperform	C$54.79B	14.86	15.09%	3.98%	-20.64%	14.88%
FFH	75 Outperform	$52.87B	7.58	18.65%	0.98%	10.08%	24.18%
IAG	73 Outperform	C$15.47B	15.51	14.34%	2.29%	-25.13%	16.40%
MFC	72 Outperform	C$79.58B	15.02	11.57%	3.67%	9.37%	32.06%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Manulife Financial Corporate Events

Manulife Financial Schedules Board Meeting to Review Quarterly Financials

Manulife Financial Corporation has announced a board of directors meeting scheduled for November 12, 2025, in Toronto, Canada, where the financial statements for the quarter ending September 30, 2025, will be presented for approval. This meeting is significant as it will review the company’s financial performance, which could impact its strategic decisions and stakeholder confidence.

Manulife Declares Second Quarter Dividend for 2025

Manulife Financial Corporation has announced a cash dividend for its common shares, declaring a dividend of CAD 0.44 per share for the second quarter of the financial year ending December 31, 2025. The dividend will be paid in Hong Kong dollars at a rate of HKD 2.484812 per share, with an exchange rate of CAD 1 to HKD 5.6473. The ex-dividend date is set for August 19, 2025, with a payment date on September 19, 2025. This announcement reflects Manulife’s ongoing commitment to providing returns to its shareholders and may influence investor sentiment and market positioning.

Manulife Announces Second Quarter Dividend for 2025

Manulife Financial Corporation announced a cash dividend of CAD 0.44 per share for the second quarter of 2025, payable in Hong Kong dollars at an exchange rate of CAD 1 to HKD 5.6473. The dividend will be paid on September 19, 2025, with a record date of August 20, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may impact its financial standing and attractiveness to investors.

Manulife Updates Code of Business Conduct and Ethics

On August 6, 2025, Manulife Financial Corporation announced amendments to its Code of Business Conduct and Ethics, reinforcing its dedication to ethical conduct and legal compliance. The updated Code emphasizes the importance of identifying and avoiding conflicts of interest and mandates annual training for all employees. This move is part of Manulife’s ongoing efforts to maintain its reputation for integrity and honesty, which are considered vital assets for the company.

The most recent analyst rating on (TSE:MFC) stock is a Buy with a C$50.00 price target. To see the full list of analyst forecasts on Manulife Financial stock, see the TSE:MFC Stock Forecast page.

Manulife Financial Releases 2Q25 Financial Report

On August 6, 2025, Manulife Financial Corporation submitted its 2Q25 Form 6-K to the U.S. Securities and Exchange Commission, which includes the Management’s Discussion and Analysis and Unaudited Interim Consolidated Financial Statements for the quarter ended June 30, 2025. This filing is significant as it provides insights into the company’s financial performance and strategic direction, impacting stakeholders’ understanding of its market position and operational efficiency.

The most recent analyst rating on (TSE:MFC) stock is a Buy with a C$41.00 price target. To see the full list of analyst forecasts on Manulife Financial stock, see the TSE:MFC Stock Forecast page.

Manulife Reports Strong Q2 2025 Results and Strategic Acquisition

On August 6, 2025, Manulife Financial Corporation announced its second-quarter results for 2025, highlighting continued strong momentum in new business growth and earnings. The company reported core earnings of $1.7 billion, a slight decrease from the previous year, but net income attributed to shareholders increased significantly by $0.7 billion compared to the second quarter of 2024. The company also announced a strategic acquisition of a 75% stake in Comvest Credit Partners, which is expected to enhance its Global Wealth and Asset Management platform. This acquisition, alongside strong performance in Asia and Global WAM, positions Manulife for future growth and underscores its commitment to delivering shareholder value.

The most recent analyst rating on (TSE:MFC) stock is a Buy with a C$41.00 price target. To see the full list of analyst forecasts on Manulife Financial stock, see the TSE:MFC Stock Forecast page.