MFC

Manulife Financial Corp

NYSE: MFC · FINANCIAL SERVICES · INSURANCE - LIFE

$40.31

+1.31% today

Updated 2026-06-12

Market cap

$64.15B

P/E ratio

15.31

P/S ratio

2.00x

EPS (TTM)

$2.51

Dividend yield

4.79%

52W range

$29 – $40

Volume

2.2M

Market cap

$64.15B

P/E ratio

15.31

P/S ratio

2.00x

EPS (TTM)

$2.51

Dividend yield

4.79%

52W range

$29 – $40

Volume

2.2M

Manulife Financial Corp (MFC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

MFC · Manulife Financial Corp · Price target summary

Current

$40.31

Consensus

$51.50

+27.76%

2030 Target

$372.91

+825.11%

DCF

—

Current price

$40.31

Analyst consensus

$51.50

+27.76%

2030 Target

$372.91

+825.11%

Intrinsic (DCF)

—

16 analysts:

1 Buy3 Hold2 Sell

Management guidance

No specific revenue targets provided by management in available guidance. Latest CEO commentary focuses on strong Asian earnings growth and cash generation in 2025. Management increased dividend by 10.2% in February 2026, signaling confidence in earnings trajectory but without explicit multi-year revenue guidance.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

MFC · Manulife Financial Corp · Revenue & price projection · 2023–2030E

Actual revenue Projected revenue Base case Bull to bear range

Bear case (2030)

$249.78

$51.7B Rev × 8x P/S

Base case (2030)

$372.91

$51.7B Rev × 12x P/S

Bull case (2030)

$622.69

$51.7B Rev × 20x P/S

WallStSmart.com

Financial forecast — research-backed

Metric	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$53.0B	$43.8B	$45.4B	$47.3B	$49.4B	$51.7B
Revenue growth	—	41.4%	3.6%	4.2%	4.5%	4.6%
EPS	$3.93	$4.61	$5.03	$5.45	$5.88	$6.35
P/S ratio	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	$316.62	$327.17	$341.25	$355.32	$372.91

MFC · Manulife Financial Corp · Catalysts & risks

Growth catalysts

+ Asian market expansion and premium growth, particularly in Hong Kong and emerging markets

+ AI operationalization through enterprise platform to improve underwriting and operational efficiency

+ Normal Course Issuer Bid announced for share buyback program reducing share count and supporting EPS

Key risks

- Negative 5Y historical revenue CAGR of -7.2% masks volatile M&A activity and acquisition/divestiture cycles

- Escalating geopolitical tensions (US-Iran) and rising oil prices creating market headwinds and investment portfolio pressure

- Insurance sector sensitivity to interest rates, mortality experience volatility, and investment returns affecting earnings quality

Methodology

Manulife Financial Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 16 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.