What is Manulife Financial Intrinsic Value: Projected FCF?
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-09-12), Manulife Financial's Intrinsic Value: Projected FCF is $96.12. The stock price of Manulife Financial is $27.95. Therefore, Manulife Financial's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.
The historical rank and industry rank for Manulife Financial's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Manulife Financial was 0.34. The lowest was 0.17. And the median was 0.26.
Manulife Financial Intrinsic Value: Projected FCF Historical Data
The historical data trend for Manulife Financial's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Manulife Financial Intrinsic Value: Projected FCF Chart
Manulife Financial Annual Data | ||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 73.86 | 83.40 | 90.23 | 87.70 | 94.89 |
Manulife Financial Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 91.55 | 91.11 | 94.89 | 93.29 | 95.22 |
Competitive Comparison of Manulife Financial's Intrinsic Value: Projected FCF
For the Insurance - Life subindustry, Manulife Financial's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manulife Financial's Price-to-Projected-FCF Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Manulife Financial's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Manulife Financial's Price-to-Projected-FCF falls into.
Manulife Financial Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get Manulife Financial's Free Cash Flow(6 year avg) = $15,537.19.
Manulife Financial's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Jun24) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (9.5203515959648 | * | 15537.18976 | + | 36004.378 | * | 0.8) | / | 1799.000 | |
= | 98.23 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Manulife Financial(NYSE:MFC) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Manulife Financial's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 27.95 | / | 98.234025418802 | |
= | 0.28 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Manulife Financial Intrinsic Value: Projected FCF Related Terms
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Manulife Financial Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Financial Services » Insurance » Manulife Financial Corp (NYSE:MFC) » Definitions » Intrinsic Value: Projected FCF
Comparable Companies
TSX:GWO TSX:POW TSX:ELF TSX:SFC SHSE:601628 SHSE:601318 BOM:543526 HKSE:01299 AFL MET PRU TPE:2881 SHSE:601601 TPE:2882 TSE:8750 LSE:PRU BOM:540719 BOM:540777 XKRX:032830 BOM:540133
Traded in Other Exchanges
MNLCF.PFD:USA MFC:Philippines MFC:Mexico 00945:Hong Kong 0V5H:UK MLU:Germany MLU:Germany MFC.PR.Q.PFD:Canada MFC.PR.P.PFD:Canada MFC.PR.N.PFD:Canada MFC.PR.M.PFD:Canada MFC.PR.L.PFD:Canada MFC.PR.K.PFD:Canada MFC.PR.J.PFD:Canada MFC.PR.I.PFD:Canada MFC.PR.F.PFD:Canada MFC.PR.C.PFD:Canada MFC.PR.B.PFD:Canada MFC:Canada
Address
200 Bloor Street East, Toronto, ON, CAN, M4W 1E5
Website
Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.35 trillion in assets under management and administration as of June 30, 2023. The U.S. business, which primarily operates under the John Hanco*ck brand, contributes about 30% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 20% of earnings.
Manulife Financial Headlines
From GuruFocus
Manulife Investment Management Announces $1.2 Billion Industrial Recapitalization with Scannell Properties and StepStone Real Estate
By PRNewswire • 12-05-2023
Manulife declares common share dividend
By PRNewswire • 08-09-2023
Manulife reports strong topline results in 2Q23 with APE sales up 12%, NBV up 10%, new business CSM of $592 million up 15% and Global Wealth and Asset Management net inflows of $2.2 billion. Net income attributed to shareholders was $1.0 billion in 2Q23 a
By PRNewswire • 08-09-2023
John Hanco*ck Announces 2023 MLK Scholars Program, Invests Another $1 Million in Summer Jobs, Financial Education for Boston Youth
By PRNewswire • 07-10-2023
Manulife Investment Management Provides Mezzanine Financing for 373,000 SF Mixed-Use Property in Chicago
By PRNewswire • 10-10-2023
Manulife named to 2023 Dow Jones Sustainability North America Index
By PRNewswire • 12-13-2023
Manulife Investment Management Builds Real Estate Team with New Hires to Transform its Capabilities for Investors
By PRNewswire • 08-02-2023
CI Select Canadian Equity Fund Adjusts Portfolio, Highlighting Fairfax Financial Holdings Ltd
By GuruFocus Research • 01-24-2024
Manulife declares preferred share dividends
By PRNewswire • 08-09-2023
Manulife Financial Corporation Announces Results of Conversion Privilege of Non-cumulative Rate Reset Class 1 Shares Series 13
By PRNewswire • 09-06-2023