Manulife Financial Corp revenue dropped on 38.2% in 2015
11.02.2016 • About Manulife Financial Corp (
$MFC) • By InTwits
Manulife Financial Corp reported 2015 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Manulife Financial Corp is a company in decline: 2015 revenue growth was -38.2%, 5 years revenue CAGR was -2.2%
- The company has potentially unprofitable business model: ROIC is at 1.1%
- It operates with high leverage: Net Debt/EBITDA is 10.6x while industry average is
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Manulife Financial Corp ($MFC) key annual financial indicators
| mln. CAD | 2011 | 2012 | 2013 | 2014 | 2015 | 2015/2014 |
|---|
P&L
|
|---|
| Revenue | 49,982 | 28,076 | 17,485 | 53,069 | 32,815 | -38.2% |
| Net Income | 129 | 1,810 | 3,130 | 3,501 | 2,191 | -37.4% |
Balance Sheet
|
|---|
| Cash | 12,813 | 13,386 | 13,630 | 21,079 | 17,885 | -15.2% |
| Short Term Debt | 18,010 | 18,857 | 19,869 | 18,384 | 18,114 | -1.5% |
| Long Term Debt | 9,515 | 8,949 | 9,160 | 9,311 | 9,548 | 2.5% |
Cash flow
|
|---|
| Capex | 0 | 0 | 0 | 0 | 0 | |
Ratios
|
|---|
| Revenue growth | 36.4% | -43.8% | -37.7% | 203.5% | -38.2% | |
| Net Income Margin | 0.3% | 6.4% | 17.9% | 6.6% | 6.7% | 0.1% |
| ROIC | 0.6% | 0.9% | 1.9% | 2.0% | 1.1% | -0.8% |
| ROE | 0.2% | 7.6% | 12.5% | 12.0% | 6.0% | -6.0% |
Revenue and profitability
Manulife Financial Corp's Revenue dropped on 38.2% in 2015.
Net Income marign showed almost no change in 2015.
Return on investment
The company operates at low ROIC (1.15%) and ROE (6.01%). ROIC decreased slightly on 0.84 pp from 2.0% to 1.1% in 2015. ROE decreased on 6.0 pp from 12.0% to 6.0% in 2015.
Leverage (Debt)
Debt showed almost no change in 2015 while cash dropped on 15.2% in 2015.
Management team
Manulife Financial Corp's CEO is Donald A Guloien. Donald A Guloien has 9 years tenure at the company. Manulife Financial Corp's CFO Steve Bernard Roder has spent 6 years at the company.
Appendix 1: Peers in Insurance
Below you can find Manulife Financial Corp benchmarking vs. other companies in Insurance industry. It's shown for the period of 5 years for the key financial metrics. Each table has median value for all the companies in the industry together with individual financial data of the top-5 companies in the industry by particular financial metric.
