Manulife Financial Corp
TSX:MFC

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Manulife Financial Corp
TSX:MFC
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Price: 42.11 CAD 0.41% Market Closed
Market Cap: 72.1B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one MFC stock under the Base Case scenario is 54.5 CAD. Compared to the current market price of 42.11 CAD, Manulife Financial Corp is Undervalued by 23%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MFC Relative Value
Base Case
54.5 CAD
Undervaluation 23%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.9
P/S
P/S
Price to Sales
1.9
vs History
17
vs Industry
20
Median 3Y
1.8
Median 5Y
1.2
Industry
1.1
Forward
1.8
More Details
15.4
P/E
P/E
Price to Earnings
15.4
vs History
17
vs Industry
29
Median 3Y
14.1
Median 5Y
9.9
Industry
13
Forward
10.1
More Details
1.4
P/B
P/B
Price to Book Value
1.4
vs History
14
vs Industry
44
Median 3Y
1.1
Median 5Y
0.9
Industry
1.5
More Details
2.1
Price/Premiums
Price/Premiums
Price to Premiums
2.1
vs History
14
vs Industry
19
Median 3Y
1.7
Median 5Y
1.3
Industry
1.2
More Details

Multiples Across Competitors

MFC Competitors Multiples
Manulife Financial Corp Competitors

All Multiples
P/S
P/E
P/B
Market Cap P/S P/E P/B
CA
Manulife Financial Corp
TSX:MFC
72.3B CAD 1.9 15.4 1.4
ZA
Sanlam Ltd
JSE:SLM
179.6B Zac 0 0 0
CN
China Life Insurance Co Ltd
SSE:601628
1.1T CNY 3.6 9.7 2.2
ZA
Discovery Ltd
JSE:DSY
144B Zac 0 0 0
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
989.8B CNY 1.2 8.5 1.1
ZA
OUTsurance Group Ltd
JSE:OUT
120.4B Zac 0 0 0
HK
AIA Group Ltd
HKEX:1299
729.6B HKD 4.1 13.7 2.3
IN
Life Insurance Corporation Of India
NSE:LICI
5.9T INR 0.7 12.2 6.1
ZA
Old Mutual Ltd
JSE:OMU
57.5B Zac 0 0 0
US
Aflac Inc
NYSE:AFL
55.7B USD 3.3 15.5 2.1
US
MetLife Inc
NYSE:MET
52.9B USD 0.7 12.3 1.9
P/S Multiple
Revenue Growth P/S to Growth
CA
Manulife Financial Corp
TSX:MFC
Average P/S: 2.2
1.9
6%
0.3
ZA
S
Sanlam Ltd
JSE:SLM
Not Available
-4%
N/A
CN
China Life Insurance Co Ltd
SSE:601628
3.6
-8%
N/A
ZA
D
Discovery Ltd
JSE:DSY
Not Available
-12%
N/A
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
1.2
-8%
N/A
ZA
O
OUTsurance Group Ltd
JSE:OUT
Not Available
-6%
N/A
HK
AIA Group Ltd
HKEX:1299
4.1
3%
1.4
IN
Life Insurance Corporation Of India
NSE:LICI
0.7
5%
0.1
ZA
O
Old Mutual Ltd
JSE:OMU
Not Available
-16%
N/A
US
Aflac Inc
NYSE:AFL
3.3
-1%
N/A
US
MetLife Inc
NYSE:MET
0.7
5%
0.1
P/E Multiple
Earnings Growth PEG
CA
Manulife Financial Corp
TSX:MFC
Average P/E: 12.5
15.4
17%
0.9
ZA
S
Sanlam Ltd
JSE:SLM
Not Available
-1%
N/A
CN
China Life Insurance Co Ltd
SSE:601628
9.7
-9%
N/A
ZA
D
Discovery Ltd
JSE:DSY
Not Available
23%
N/A
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
8.5
9%
0.9
ZA
O
OUTsurance Group Ltd
JSE:OUT
Not Available
11%
N/A
HK
AIA Group Ltd
HKEX:1299
13.7
10%
1.4
IN
Life Insurance Corporation Of India
NSE:LICI
12.2
8%
1.5
ZA
O
Old Mutual Ltd
JSE:OMU
Not Available
5%
N/A
US
Aflac Inc
NYSE:AFL
15.5
-9%
N/A
US
MetLife Inc
NYSE:MET
12.3
22%
0.6

See Also

Summary
MFC intrinsic value, competitors valuation, and company profile.
DCF Valuation
MFC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MFC stock valuation using valuation multiples.
Wall Street Estimates
MFC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MFC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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