Manulife Financial Corp revenue surged on 57.5% in 2016
09.02.2017 • About Manulife Financial Corp (
$MFC) • By InTwits
Manulife Financial Corp reported 2016 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Manulife Financial Corp doesn't have a profitable business model yet: 2016 ROIC is 1.2%
- The company has potentially unprofitable business model: ROIC is at 1.2%
- It operates with high leverage: Net Debt/EBITDA is 8.2x while industry average is
Below you can find a comprehensive analysis of the key data driving the company's performance and stock price.
Manulife Financial Corp ($MFC) key annual financial indicators
| mln. CAD | 2012 | 2013 | 2014 | 2015 | 2016 | 2016/2015 |
|---|
P&L
|
|---|
| Revenue | 28,076 | 17,485 | 53,069 | 32,815 | 51,691 | 57.5% |
| Net Income | 1,810 | 3,130 | 3,501 | 2,191 | 2,929 | 33.7% |
Balance Sheet
|
|---|
| Cash | 13,386 | 13,630 | 21,079 | 17,885 | 15,151 | -15.3% |
| Short Term Debt | 18,857 | 19,869 | 18,384 | 18,114 | 17,919 | -1.1% |
| Long Term Debt | 8,949 | 9,160 | 9,311 | 9,548 | 12,876 | 34.9% |
Cash flow
|
|---|
| Capex | 0 | 0 | 0 | 0 | 0 | |
Ratios
|
|---|
| Revenue growth | -43.8% | -37.7% | 203.5% | -38.2% | 57.5% | |
| Net Income Margin | 6.4% | 17.9% | 6.6% | 6.7% | 5.7% | -1.0% |
| ROIC | 0.9% | 1.9% | 2.0% | 1.1% | 1.2% | 0.0% |
| ROE | 7.6% | 12.5% | 12.0% | 6.0% | 7.3% | 1.3% |
Revenue and profitability
The company's Revenue surged on 57.5%.
Net Income marign decreased slightly on 1.0 pp from 6.7% to 5.7% in 2016.
Return on investment
The company operates at low ROIC (1.19%) and ROE (7.29%). ROIC showed almost no change in 2016. ROE increased slightly on 1.3 pp from 6.0% to 7.3% in 2016.
Leverage (Debt)
Debt jumped on 11.3% while cash dropped on 15.3%.
Management team
Donald A Guloien is a Manulife Financial Corp's CEO. Donald A Guloien has spent 9 years at the company. Steve Bernard Roder is a 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.
