Manulife Financial Corp
TSX:MFC

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Manulife Financial Corp
TSX:MFC
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Price: 43.68 CAD -0.07% Market Closed
Market Cap: 75.3B CAD

Relative Value

The Relative Value of one MFC stock under the Base Case scenario is 50.53 CAD. Compared to the current market price of 43.68 CAD, Manulife Financial Corp is Undervalued by 14%.

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
50.53 CAD
Undervaluation 14%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
7
vs Industry
22
Median 3Y
1.7
Median 5Y
1
Industry
1.1
Forward
1.8
vs History
19
vs Industry
30
Median 3Y
13.6
Median 5Y
8.9
Industry
12.5
Forward
10.6
vs History
4
vs Industry
45
Median 3Y
1
Median 5Y
0.9
Industry
1.5
vs History
4
vs Industry
19
Median 3Y
1.7
Median 5Y
1.2
Industry
1.2

Multiples Across Competitors

MFC Competitors Multiples
Manulife Financial Corp Competitors

Market Cap P/S P/E P/B
CA
Manulife Financial Corp
TSX:MFC
75.5B CAD 2 14.9 1.5
ZA
Sanlam Ltd
JSE:SLM
175.6B Zac 0 0 0
ZA
Discovery Ltd
JSE:DSY
133.7B Zac 0 0 0
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
942.4B CNY 1.1 8 1
CN
China Life Insurance Co Ltd
SSE:601628
781.7B CNY 2 7.1 1.6
ZA
OUTsurance Group Ltd
JSE:OUT
106.4B Zac 0 0 0
HK
AIA Group Ltd
HKEX:1299
674.1B HKD 4.1 18 2.2
US
Aflac Inc
NYSE:AFL
59.5B USD 3.1 10.9 2.3
IN
Life Insurance Corporation Of India
NSE:LICI
5T INR 0.6 11.6 5.1
ZA
Old Mutual Ltd
JSE:OMU
57.4B Zac 0 0 0
US
MetLife Inc
NYSE:MET
56.8B USD 0.8 13.4 2.1
P/S Multiple
Revenue Growth P/S to Growth
CA
Manulife Financial Corp
TSX:MFC
Average P/S: 2
2
9%
0.2
ZA
S
Sanlam Ltd
JSE:SLM
Not Available
-20%
N/A
ZA
D
Discovery Ltd
JSE:DSY
Not Available
-13%
N/A
CN
Ping An Insurance Group Co of China Ltd
SSE:601318
1.1
-8%
N/A
CN
China Life Insurance Co Ltd
SSE:601628
2
-1%
N/A
ZA
O
OUTsurance Group Ltd
JSE:OUT
Not Available
-36%
N/A
HK
AIA Group Ltd
HKEX:1299
4.1
2%
2.1
US
Aflac Inc
NYSE:AFL
3.1
-2%
N/A
IN
Life Insurance Corporation Of India
NSE:LICI
0.6
8%
0.1
ZA
O
Old Mutual Ltd
JSE:OMU
Not Available
-16%
N/A
US
MetLife Inc
NYSE:MET
0.8
5%
0.2