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Here's Why Manulife Financial (MFC) is a Strong Value Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

Manulife Financial (MFC)

Headquartered in Toronto, Canada, Manulife Financial Corporation was founded in 1887. Manulife is one of the three dominant life insurers within its domestic Canadian market and possesses rapidly growing operations in the U.S. and several Asian countries. Manulife reports earnings through six divisions and has five major operating divisions – Asia, Canada, U.S. Insurance and U.S. Wealth Management, and Corporate.

MFC boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Manulife Financial are trading at a forward earnings multiple of 7.7X, as well as a PEG Ratio of 0.8, a Price/Cash Flow ratio of 6.7X, and a Price/Sales ratio of 1X.

Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.00 to $2.44 per share. MFC has an average earnings surprise of 2%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding MFC to their portfolios.

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Manulife Financial Corp (MFC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research