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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) | 45,052,540.585 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 53,556,319.885 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 49,304,430.234 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | -19,181,269.651 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | -16,135,629.395 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | -17,658,449.523 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 8,568,711.485 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 10,732,542.526 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 9,650,627.006 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | -9,686,577.675 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | -8,148,523.550 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | -8,917,550.612 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 5.650 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.280 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 5.020 | 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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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Financial Performance: As highlighted in the Q3 2024 earnings call transcript, Manulife Financial delivered record financial results, showcasing robust revenue and net income growth. This performance underscores strong business fundamentals and operational efficiency, positioning MFC as a leader in its sector.
- Solid Return Metrics: Key metrics such as return on equity (ROE) and return on invested capital (ROIC) from the latest TTM data indicate effective capital utilization and profitability, providing a competitive edge within the insurance industry.
- Strong Cash Flow Generation: The cash flow statements reflect consistent net cash provided by operating activities and positive free cash flow, indicating financial stability and the ability to fund dividends and reinvest in growth initiatives.
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At what price to buy it? -
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.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about MFC valuation
Is Manulife Financial Corporation (MFC) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Manulife Financial Corporation (MFC) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is MFC a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether MFC trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
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?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is MFC a good long-term investment?
Whether MFC fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
MFC
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Daily snapshot
0.35
Trading Metrics:
| Open: | 34.24 | Previous Close: | 34.78 | |
| Day Low: | 34.22 | Day High: | 34.94 | |
| Year Low: | 25.92 | Year High: | 38.72 | |
| Price Avg 50: | 35.68 | Price Avg 200: | 33.47 | |
| Volume: | 1.836M | Average Volume: | 2.442M |
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Login — it's freeMFC full analysis
Welcome to MARKETSNAP’s SWOT analysis for Manulife Financial, a heavyweight in the financial services space. If you’re a long-term investor looking to build wealth, you’ve likely come across this name before, so let’s dive straight into what makes this company tick, where it’s been lately, and what could shape its future. We’ve got a packed session today with a full breakdown of strengths, weaknesses, opportunities, and threats, all tailored for your investment journey. So, grab a coffee, and let’s get…
