Discounted Cash Flow
Manulife Financial Corp. Foreign
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $38.6b | $2.1b | $12.3b | 5.5% | $1.42 |
| 2017 | $42.2b (9.3%) | $1.5b (-28.2%) | $12.9b (4.5%) | 3.6% (-34.3%) | $0.98 (-31.0%) |
| 2018 | $28.2b (-33.2%) | $3.5b (128.1%) | $13.5b (5.2%) | 12.3% (241.4%) | $2.34 (138.8%) |
| 2019 | $57.6b (104.2%) | $4.1b (16.7%) | $13.9b (2.6%) | 7.0% (-42.8%) | $2.77 (18.4%) |
| 2020 | $57.1b (-0.8%) | $4.2b (4.8%) | $14.3b (3.1%) | 7.4% (5.7%) | $2.94 (6.1%) |
| 2021 | $44.7b (-21.7%) | $5.1b (21.0%) | $16.8b (17.0%) | 11.5% (54.5%) | $3.55 (20.7%) |
| 2022 | $12.4b (-72.3%) | $5.3b (2.7%) | $10.7b (-36.3%) | 42.5% (270.1%) | $3.68 (3.7%) |
| 2023 | $4.9b (-60.7%) | $3.7b (-30.0%) | $13.6b (27.7%) | 75.6% (77.8%) | $2.62 (-28.8%) |
| 2024 | $5.5b (12.5%) | $3.9b (5.5%) | $16.8b (23.3%) | 71.0% (-6.2%) | $2.85 (8.8%) |
| 2025 | $5.9b (7.1%) | $4.0b (3.5%) | $21.5b (27.8%) | 68.5% (-3.4%) | $3.08 (8.1%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in CAD. Values above are converted to USD for comparison with the US-listed share price.
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.