Valuation Manulife Financial Corporation

Equities

Market Closed - Toronto S.E. Other stock markets 04:00:00 2025-11-18 pm EST			5-day change	1st Jan Change
46.95 ^CAD	-1.12%		-0.11%	+6.32%

Nov. 14	BMO Hikes Manulife Financial's Price Target to $58, Keeps Outperform, After "Solid" Q3	MT
Nov. 14	Manulife Financial Price Target Raised to $52 at RBC	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	43,947	46,837	45,278	52,881	76,341	79,110	-	-
Change	-	6.58%	-3.33%	16.79%	44.36%	3.63%	-	-
Enterprise Value (EV)	31,773	46,837	32,359	45,281	76,341	79,110	79,110	79,110
Change	-	47.41%	-30.91%	39.93%	68.59%	3.63%	0%	0%
P/E ratio	7.73x	6.81x	6.56x	11.2x	15.5x	14.6x	10.7x	9.58x
PBR	0.91x	0.9x	0.91x	1.31x	1.72x	1.77x	1.65x	1.54x
PEG	-	0.3x	1.66x	-0.4x	1.76x	1.1x	0.3x	0.8x
Capitalization / Revenue	0.56x	0.76x	2.64x	1.08x	1.43x	1.63x	1.58x	1.52x
EV / Revenue	0x	0x	0x	0x	0x	1.63x	1.58x	1.52x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	-	-	-	-	-	-	-	-
EV / FCF	-	-	-	-	-	29.2x	18.9x	18.2x
FCF Yield	-	-	-	-	-	3.42%	5.3%	5.5%
Dividend per Share ²	1.12	1.12	1.32	1.46	1.6	1.764	1.912	2.007
Rate of return	4.94%	4.65%	5.47%	4.99%	3.62%	3.76%	4.07%	4.28%
EPS ²	2.93	3.54	3.68	2.61	2.84	3.219	4.369	4.9
Distribution rate	38.2%	31.6%	35.9%	55.9%	56.3%	54.8%	43.8%	41%
Net sales ¹	78,908	61,821	17,147	48,739	53,291	48,443	50,004	52,185
EBITDA	-	-	-	-	-	-	-	-
EBIT	6,056	9,553	10,541	8,006	-	-	-	-
Net income ¹	5,700	6,890	7,294	5,103	5,385	5,510	7,147	7,899
Net Debt	-12,174	-	-12,919	-7,600	-	-	-	-
Reference price ²	22.65	24.11	24.15	29.28	44.16	46.95	46.95	46.95
Nbr of stocks (in thousands)	1,940,249	1,942,637	1,874,847	1,806,039	1,728,735	1,684,987	-	-
Announcement Date	2/10/21	2/9/22	2/15/23	2/14/24	2/19/25	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
MANULIFE FINANCIAL CORPORATION	14.75x	-	-	3.71%	57.03B
PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.	7.47x	5.07x	-	4.58%	147B
AXA	8.64x	0.85x	-	6.09%	90.54B
AFLAC INCORPORATED	19.85x	2.93x	-	2.08%	58.84B
GENERALI	12.12x	0.94x	-	4.72%	58.58B
METLIFE, INC.	12.65x	-	-	2.97%	49.77B
CHINA PACIFIC INSURANCE (GROUP) CO., LTD.	7x	0.87x	-	3.32%	46.06B
GREAT-WEST LIFECO INC.	14.4x	-	-	3.84%	40.89B
PRUDENTIAL FINANCIAL, INC.	9.47x	1x	-	5.22%	36.22B
PRUDENTIAL PLC	13.28x	-	-	1.87%	35.76B
Average	11.96x	1.94x		3.84%	62.05B
Weighted average by Cap.	11.21x	2.57x		4.11%