Now trading at a price of $30.68, Manulife Financial has moved 0.2% so far today.
Manulife Financial returned gains of 13.7% last year, with its stock price reaching a high of $33.07 and a low of $23.3. Over the same period, the stock outperformed the S&P 500 index by 2.0%. More recently, the company's 50-day average price was $31.45. Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. Based in Toronto, Canada, the Large-Cap Finance company has 37,000 full time employees. Manulife Financial has offered a 5.4% dividend yield over the last 12 months.
Generally Positive Cash Flows and a Positive EPS Growth Rate:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $79,570 | $78,908 | $61,821 | $6,186 | $6,746 | $7,588 |
| Interest Income (M) | $1,319 | $1,181 | $1,011 | $1,051 | $1,554 | $1,681 |
| Net Margins | 7% | 7% | 11% | -32% | 83% | 77% |
| Net Income (M) | $5,502 | $5,576 | $6,912 | -$1,979 | $5,607 | $5,878 |
| Earnings Per Share | $2.77 | $2.93 | $3.54 | -$1.15 | $2.61 | $2.84 |
| EPS Growth | n/a | 5.78% | 20.82% | -132.49% | 326.96% | 8.81% |
| Free Cash Flow (M) | $20,542 | $20,048 | $23,155 | $16,628 | $20,423 | $26,494 |
| Total Debt (M) | $4,543 | $6,164 | $4,882 | $6,234 | $6,071 | $6,629 |
The Market May Be Undervaluing Manulife Financial's Earnings and Assets:
Manulife Financial has a trailing twelve month P/E ratio of 16.2, compared to an average of 15.92 for the Finance sector. Based on its EPS guidance of $2.95, the company has a forward P/E ratio of 10.7. The 0.9% compound average growth rate of Manulife Financial's historical and projected earnings per share yields a PEG ratio of 17.95. This suggests that these shares are overvalued. In contrast, the market is likely undervaluing Manulife Financial in terms of its equity because its P/B ratio is 1.07 while the sector average is 1.78.
Manulife Financial Has a Small Amount of Insider Shareholders:
The lone analyst who follows Manulife Financial has a rating of buy and a target price of $28.27, which is 8.5 away from its current price.
The largest shareholder is Royal Bank of Canada, whose 9% stake in the company is worth $4,537,073,893.
