Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Manulife Financial Corporation (MFC)

Company Dividend Discount ModelIndustry: Insurance - LifeSector: Financial Services

Valuation Snapshot

Stable Growth$26.59 - $39.16$32.62
Multi-Stage$49.02 - $53.81$51.37
Blended Fair Value$42.00
Current Price$43.36
Upside-3.15%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS17.71%13.25%1.821.721.611.441.350.811.031.030.920.82
YoY Growth--6.29%6.64%11.48%6.84%67.38%-21.81%0.45%11.74%11.63%56.81%
Dividend Yield--4.07%5.16%6.49%5.41%5.00%4.58%4.44%4.34%3.89%4.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,905.00
(-) Cash Dividends Paid (M)3,261.00
(=) Cash Retained (M)2,644.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,181.00738.13442.88
Cash Retained (M)2,644.002,644.002,644.00
(-) Cash Required (M)-1,181.00-738.13-442.88
(=) Excess Retained (M)1,463.001,905.882,201.13
(/) Shares Outstanding (M)1,731.251,731.251,731.25
(=) Excess Retained per Share0.851.101.27
LTM Dividend per Share1.881.881.88
(+) Excess Retained per Share0.851.101.27
(=) Adjusted Dividend2.732.983.16
WACC / Discount Rate8.06%8.06%8.06%
Growth Rate-2.00%-1.00%0.00%
Fair Value$26.59$32.62$39.16
Upside / Downside-38.68%-24.77%-9.70%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,905.005,845.955,787.495,729.625,672.325,615.605,784.06
Payout Ratio55.22%62.18%69.13%76.09%83.04%90.00%92.50%
Projected Dividends (M)3,261.003,634.984,001.164,359.654,710.575,054.045,350.26

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.06%8.06%8.06%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)3,329.953,363.933,397.91
Year 2 PV (M)3,357.813,426.693,496.26
Year 3 PV (M)3,351.643,455.293,561.06
Year 4 PV (M)3,317.533,455.023,596.75
Year 5 PV (M)3,260.733,430.523,607.32
PV of Terminal Value (M)68,249.6071,803.5275,503.96
Equity Value (M)84,867.2688,934.9793,163.26
Shares Outstanding (M)1,731.251,731.251,731.25
Fair Value$49.02$51.37$53.81
Upside / Downside13.06%18.47%24.11%

High-Yield Dividend Screener

« Prev Page 92 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
025860.KSNamhae Chemical Corporation1.19%$80.0414.89%
1811.HKCGN New Energy Holdings Co., Ltd.1.19%$0.0326.78%
2834.TWTaiwan Business Bank, Ltd.1.19%$0.1915.08%
300228.SZZhangjiagang Furui Special Equipment Co., Ltd.1.19%$0.1226.55%
301603.SZJirfine Intelligent Equipment Co Ltd1.19%$0.9032.78%
CBChubb Limited1.19%$3.6915.38%
CEU.TOCES Energy Solutions Corp.1.19%$0.1518.25%
DMR.BODMR Engineering Limited1.19%$0.543.40%
NVGSNavigator Holdings Ltd.1.19%$0.2113.24%
000811.SZMoon Environment Technology Co.,Ltd.1.18%$0.2237.00%
002394.SZJiangsu Lianfa Textile Co.,Ltd1.18%$0.1918.15%
0N5I.Ladesso SE1.18%$1.0353.71%
300446.SZAerospace Intelligent Manufacturing Technology Co., Ltd.1.18%$0.3028.00%
300685.SZAmoy Diagnostics Co., Ltd.1.18%$0.2432.27%
4733.TOBIC Business Consultants Co., Ltd.1.18%$100.0244.69%
600839.SSSichuan Changhong Electric Co.,Ltd.1.18%$0.1136.18%
603708.SSJiajiayue Group Co., Ltd.1.18%$0.1457.83%
IDUN-B.STIdun Industrier AB (publ)1.18%$4.0996.91%
000821.SZJ.S. Corrugating Machinery Co., Ltd.1.17%$0.1635.09%
000938.SZUnisplendour Corporation Limited1.17%$0.2958.81%
002454.SZSongz Automobile Air Conditioning Co., Ltd.1.17%$0.1030.68%
002675.SZYantai Dongcheng Pharmaceutical Group Co.,Ltd.1.17%$0.1679.89%
200670.KQHumedix Co., Ltd.1.17%$480.838.97%
600380.SSJoincare Pharmaceutical Group Industry Co.,Ltd.1.17%$0.1418.16%
603687.SSZhejiang Great Shengda Packaging Co.,Ltd.1.17%$0.1152.97%
603868.SSShanghai Flyco Electrical Appliance Co., Ltd.1.17%$0.5149.15%
605020.SSZhejiang Yonghe Refrigerant Co., Ltd.1.17%$0.3228.04%
6895.TWOWave Power Technology Inc.1.17%$2.3059.81%
7583.TWOInternational Ocean Group1.17%$0.8213.23%
ENGCON-B.STengcon AB (publ)1.17%$0.9766.07%
KGX.DEKion Group AG1.17%$0.8239.55%
KTMS.BKKt Medical Service Public Company Limited1.17%$0.0217.07%
ORI-R.BKOrigin Property Public Company Limited1.17%$0.029.09%
TIH.TOToromont Industries Ltd.1.17%$1.9632.92%
000407.SZShandong Shengli Co., Ltd.1.16%$0.0640.12%
001318.SZJiangxi Sunshine Dairy Co., Ltd.1.16%$0.1843.68%
002696.SZBaiyang Investment Group, Inc.1.16%$0.0852.38%
002825.SZShanghai NAR Industrial Co., Ltd1.16%$0.1327.19%
002947.SZSuzhou Hengmingda Electronic Technology Co., Ltd.1.16%$0.6027.09%
009450.KSKyung Dong Navien Co., Ltd.1.16%$650.007.73%
075580.KSSejin Heavy Industries Co., Ltd.1.16%$199.3628.86%
0R15.LSoftBank Group Corp.1.16%$50.854.17%
300127.SZChengdu Galaxy Magnets Co.,Ltd.1.16%$0.3563.58%
300259.SZSuntront Technology Co., Ltd.1.16%$0.0524.87%
301131.SZSuper-Dragon Engineering Plastics Co., Ltd1.16%$0.5664.43%
3692.HKHansoh Pharmaceutical Group Company Limited1.16%$0.4226.44%
4373.TSimplex Holdings, Inc.1.16%$12.1428.57%
601899.SSZijin Mining Group Company Limited1.16%$0.4023.72%
603101.SSXinjiang Winka Times Department Store Co.,Ltd.1.16%$0.1158.89%
603530.SSJiangsu Shemar Electric Co.,Ltd1.16%$0.4854.08%