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Earnings transcript
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MFC
Manulife Financial Corporation
$34.9
0.12
(0.35%)
| Exchange: | NYSE |
| Market Cap: | 58.518B |
| Shares Outstanding: | 1.88B |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Life | |||||
| CEO: | Philip James Witherington | |||||
| Full Time Employees: | 37000 | |||||
| Address: |
| |||||
| Website: | https://www.manulife.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | -7,037,000 | -7,288,000 | 53,014,000 |
| Gross Profit | 10,682,000 | 13,630,000 | 13,525,000 |
| EBITDA | 6,589,000 | 7,264,000 | 6,795,000 |
| Operating Income | 6,452,000 | 7,090,000 | 7,094,000 |
| Net Income | 5,463,000 | 5,631,000 | 5,782,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 875,574,000 | 978,818,000 | 1,024,597,340 |
| Total Liabilities | 826,847,000 | 925,858,000 | 972,152,114 |
| Total Stockholders Equity | 47,296,000 | 51,539,000 | 50,080,155 |
| Total Debt | 12,738,000 | 14,161,000 | 14,663,041 |
| Cash and Cash Equivalents | 14,176,000 | 25,789,000 | 14,899,848 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 20,423,000 | 26,494,000 | 32,078,836.543 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | 20,423,000 | 26,494,000 | 32,078,836.543 |
| Net Income | 5,103,000 | 5,878,000 | 5,567,459.187 |
| Net Change in Cash | 1,249,000 | 5,058,000 | -39,482.766 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 44,619,830.438 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 53,038,632.048 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 48,829,231.242 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | -18,995,859.040 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | -15,980,653.661 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | -17,488,256.350 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 8,478,546.164 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 10,618,738.486 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 9,548,642.325 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | -9,592,944.964 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | -8,070,260.509 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | -8,831,602.736 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 5.590 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.220 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 4.960 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates MFC intrinsic value between $88.73 – $219.01 per share. This depends on revenue growth, margins, and discount rate.
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Common questions about MFC valuation
Is MFC (MFC) overvalued or undervalued right now?
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What is MFC’s P/E ratio?
You can see MFC’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for MFC?
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MFC
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