Manulife Financial Corp
TSX:MFC

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Manulife Financial Corp
TSX:MFC
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Price: 49.92 CAD 0.1% Market Closed
Market Cap: 84.1B CAD

Relative Value

The Relative Value of one MFC stock under the Base Case scenario is 57.56 CAD. Compared to the current market price of 49.92 CAD, Manulife Financial Corp is Undervalued by 13%.

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
57.56 CAD
Undervaluation 13%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
3
vs Industry
20
Median 3Y
1.9
Median 5Y
1.6
Industry
1.2
Forward
2.1
vs History
14
vs Industry
29
Median 3Y
13.8
Median 5Y
12.2
Industry
12.7
Forward
11.9
vs History
0
vs Industry
44
Median 3Y
1.3
Median 5Y
1
Industry
1.5
vs History
1
vs Industry
19
Median 3Y
2
Median 5Y
1.6
Industry
1.3

Multiples Across Competitors

MFC Competitors Multiples
Manulife Financial Corp Competitors

All Multiples
P/S
P/E
P/B
All Countries
Close
Market Cap P/S P/E P/B
CA
Manulife Financial Corp
TSX:MFC
84.4B CAD 2.2 15.6 1.6
ZA
Sanlam Ltd
JSE:SLM
204.5B Zac 0 0 0
CN
China Life Insurance Co Ltd
SSE:601628
1.3T CNY 3.5 7.7 2.1
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
1.2T CNY 1.4 8.9 1.3
ZA
Discovery Ltd
JSE:DSY
154.1B Zac 0 0 0
HK
AIA Group Ltd
HKEX:1299
869.8B HKD 4.3 18.5 2.8
ZA
OUTsurance Group Ltd
JSE:OUT
109.3B Zac 0 0 0
ZA
Old Mutual Ltd
JSE:OMU
71.4B Zac 0 0 0
IN
Life Insurance Corporation Of India
NSE:LICI
5.4T INR 0.6 10.5 4.2
US
Aflac Inc
NYSE:AFL
58B USD 3.3 13.9 2
US
MetLife Inc
NYSE:MET
53.9B USD 0.7 14.8 1.9
P/S Multiple
Revenue Growth P/S to Growth
CA
Manulife Financial Corp
TSX:MFC
Average P/S: 2.3
2.2
7%
0.3
ZA
S
Sanlam Ltd
JSE:SLM
Not Available
-4%
N/A
CN
China Life Insurance Co Ltd
SSE:601628
3.5
-1%
N/A
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
1.4
-8%
N/A
ZA
D
Discovery Ltd
JSE:DSY
Not Available N/A N/A
HK
AIA Group Ltd
HKEX:1299
4.3
4%
1.1
ZA
O
OUTsurance Group Ltd
JSE:OUT
Not Available N/A N/A
ZA
O
Old Mutual Ltd
JSE:OMU
Not Available
-30%
N/A
IN
Life Insurance Corporation Of India
NSE:LICI
0.6
8%
0.1
US
Aflac Inc
NYSE:AFL
3.3
-2%
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: 12.9
15.6
18%
0.9
ZA
S
Sanlam Ltd
JSE:SLM
Not Available
2%
N/A
CN
China Life Insurance Co Ltd
SSE:601628
7.7
4%
1.9
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
8.9
8%
1.1
ZA
D
Discovery Ltd
JSE:DSY
Not Available
17%
N/A
HK
AIA Group Ltd
HKEX:1299
18.5
9%
2.1
ZA
O
OUTsurance Group Ltd
JSE:OUT
Not Available
14%
N/A
ZA
O
Old Mutual Ltd
JSE:OMU
Not Available
10%
N/A
IN
Life Insurance Corporation Of India
NSE:LICI
10.5
10%
1.1
US
Aflac Inc
NYSE:AFL
13.9
-9%
N/A
US
MetLife Inc
NYSE:MET
14.8
21%
0.7