MANULIFE FINANCIAL CORPORATION Financials Manulife Financial Corporation Hong Kong S.E.
Equities
945
CA56501R1064
Life & Health Insurance
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 205.4 HKD | +1.38% |
|
+0.79% | +19.84% |
| 24/05 | Manulife Outlines Cash Distributions for Manulife ETFs | MT |
| 23/05 | TSX Down 24 Points at Midday, With Telecoms, Utilities, Lower | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 51,381 | 43,947 | 46,837 | 45,278 | 52,881 | 65,202 | - | - |
| Enterprise Value (EV) 1 | 31,081 | 31,773 | 46,837 | 32,359 | 45,281 | 50,528 | 45,490 | 65,202 |
| P/E ratio | 9.52 x | 7.73 x | 6.81 x | 6.56 x | 11.2 x | 11.4 x | 9.19 x | - |
| Yield | 3.79% | 4.94% | 4.65% | 5.47% | 4.99% | 4.45% | 4.75% | 4.75% |
| Capitalization / Revenue | 0.65 x | 0.56 x | 0.76 x | 2.64 x | 1.08 x | 1.23 x | 1.15 x | 1.11 x |
| EV / Revenue | 0.39 x | 0.4 x | 0.76 x | 1.89 x | 0.93 x | 0.95 x | 0.81 x | 1.11 x |
| EV / EBITDA | - | - | - | - | - | 7.37 x | 6.26 x | - |
| EV / FCF | - | - | - | - | - | 6.49 x | 5.89 x | - |
| FCF Yield | - | - | - | - | - | 15.4% | 17% | - |
| Price to Book | 1.13 x | 0.91 x | 0.9 x | 0.91 x | 1.31 x | 1.49 x | 1.35 x | - |
| Nbr of stocks (in thousands) | 19,49,212 | 19,40,249 | 19,42,637 | 18,74,847 | 18,06,039 | 17,95,716 | - | - |
| Reference price 2 | 26.36 | 22.65 | 24.11 | 24.15 | 29.28 | 36.31 | 36.31 | 36.31 |
| Announcement Date | 12/02/20 | 10/02/21 | 09/02/22 | 15/02/23 | 14/02/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 79,570 | 78,908 | 61,821 | 17,147 | 48,739 | 52,997 | 56,473 | 58,922 |
| EBITDA 1 | - | - | - | - | - | 6,856 | 7,268 | - |
| EBIT 1 | 5,541 | 6,056 | 9,553 | 10,541 | 8,006 | 5,801 | 6,134 | - |
| Operating Margin | 6.96% | 7.67% | 15.45% | 61.47% | 16.43% | 10.95% | 10.86% | - |
| Earnings before Tax (EBT) 1 | 6,408 | 6,771 | 8,125 | 8,747 | 6,452 | 7,544 | 8,511 | 8,080 |
| Net income 1 | 5,430 | 5,700 | 6,890 | 7,294 | 5,103 | 5,768 | 6,840 | 6,625 |
| Net margin | 6.82% | 7.22% | 11.15% | 42.54% | 10.47% | 10.88% | 12.11% | 11.24% |
| EPS 2 | 2.770 | 2.930 | 3.540 | 3.680 | 2.610 | 3.179 | 3.950 | - |
| Free Cash Flow 1 | - | - | - | - | - | 7,785 | 7,728 | - |
| FCF margin | - | - | - | - | - | 14.69% | 13.68% | - |
| FCF Conversion (EBITDA) | - | - | - | - | - | 113.55% | 106.33% | - |
| FCF Conversion (Net income) | - | - | - | - | - | 134.98% | 112.98% | - |
| Dividend per Share 2 | 1.000 | 1.120 | 1.120 | 1.320 | 1.460 | 1.615 | 1.723 | 1.725 |
| Announcement Date | 12/02/20 | 10/02/21 | 09/02/22 | 15/02/23 | 14/02/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | - | - | - | - | - | 1,722 | 1,783 | 14,917 | 12,798 | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT | 2,824 | - | 1,680 | - | 2,671 | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | 2,481 | 3,711 | 1,257 | 1,637 | 2,142 | 1,719 | 1,436 | 1,174 | 2,123 | 2,244 | 1,684 | 1,764 | 1,679 | 1,646 | 1,631 |
| Net income 1 | 2,013 | 2,918 | 1,026 | 1,347 | 1,891 | 1,406 | 1,025 | 1,013 | 1,659 | 866 | 1,409 | 1,470 | 1,446 | 1,193 | 1,180 |
| Net margin | - | - | - | - | - | - | 59.52% | 56.81% | 11.12% | 6.77% | - | - | - | - | - |
| EPS 2 | 1.030 | 1.500 | 0.5300 | 0.6800 | 0.9500 | 0.7300 | 0.5000 | 0.5200 | 0.8600 | 0.4500 | 0.8433 | 0.9500 | 0.9533 | 1.005 | 1.000 |
| Dividend per Share 2 | 0.2800 | 0.3300 | 0.3300 | 0.3300 | 0.3300 | 0.3650 | 0.3650 | 0.3650 | 0.3650 | - | 0.4000 | 0.4000 | 0.4000 | - | - |
| Announcement Date | 09/02/22 | 11/05/22 | 10/08/22 | 09/11/22 | 15/02/23 | 10/05/23 | 09/08/23 | 08/11/23 | 14/02/24 | 08/05/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 20,300 | 12,174 | - | 12,919 | 7,600 | 14,674 | 19,712 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | - | - | - | - | 7,785 | 7,728 | - |
| ROE (net income / shareholders' equity) | 13.1% | 10.9% | 13% | 11.9% | 15.9% | 15.3% | 14.9% | 13.6% |
| ROA (Net income/ Total Assets) | 0.75% | 0.63% | 0.7% | 0.67% | 0.78% | 0.9% | 1% | 1.2% |
| Assets 1 | 7,25,955 | 9,00,844 | 9,79,918 | 10,87,942 | 6,52,482 | 6,40,857 | 6,84,025 | 5,52,083 |
| Book Value Per Share 2 | 23.30 | 25.00 | 26.80 | 26.50 | 22.40 | 24.40 | 26.90 | - |
| Cash Flow per Share | - | 10.30 | - | 9.510 | - | - | - | - |
| Capex 1 | - | - | - | - | - | 4,751 | 6,325 | - |
| Capex / Sales | - | - | - | - | - | 8.96% | 11.2% | - |
| Announcement Date | 12/02/20 | 10/02/21 | 09/02/22 | 15/02/23 | 14/02/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
36.31
CAD
Average target price
36.7
CAD
Spread / Average Target
+1.08%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +14.24% | 8.02TCr | |
| +9.69% | 5.16TCr | |
| +6.29% | 4.98TCr | |
| +15.09% | 4.29TCr | |
| +23.16% | 3.94TCr | |
| +2.23% | 2.97TCr | |
| -13.68% | 2.67TCr | |
| +21.53% | 2.5TCr | |
| +33.72% | 2.34TCr |
- Stock Market
- Equities
- MFC Stock
- 945 Stock
- Financials Manulife Financial Corporation
