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Manulife Financial (PHS:MFC) Cyclically Adjusted FCF per Share : ₱420.34 (As of Mar. 2025)


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What is Manulife Financial Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Manulife Financial's adjusted free cash flow per share for the three months ended in Mar. 2025 was ₱155.321. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₱420.34 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Manulife Financial's average Cyclically Adjusted FCF Growth Rate was 10.40% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 8.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 8.40% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 10.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Manulife Financial was 136.20% per year. The lowest was 5.30% per year. And the median was 9.10% per year.

As of today (2025-06-23), Manulife Financial's current stock price is ₱1650.00. Manulife Financial's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was ₱420.34. Manulife Financial's Cyclically Adjusted Price-to-FCF of today is 3.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Manulife Financial was 5.15. The lowest was 1.77. And the median was 3.10.


Manulife Financial Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Manulife Financial's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Manulife Financial Cyclically Adjusted FCF per Share Chart

Manulife Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 290.71 349.78 367.24 402.52 514.17

Manulife Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 394.25 436.71 419.19 514.17 420.34

Competitive Comparison of Manulife Financial's Cyclically Adjusted FCF per Share

For the Insurance - Life subindustry, Manulife Financial's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Manulife Financial's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Manulife Financial's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Manulife Financial's Cyclically Adjusted Price-to-FCF falls into.


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Manulife Financial Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Manulife Financial's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=155.321/129.1809*129.1809
=155.321

Current CPI (Mar. 2025) = 129.1809.

Manulife Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 80.110 100.500 102.972
201509 16.726 100.421 21.516
201512 87.555 99.947 113.164
201603 60.171 101.054 76.919
201606 96.088 102.002 121.692
201609 116.063 101.765 147.331
201612 105.354 101.449 134.154
201703 69.127 102.634 87.007
201706 106.451 103.029 133.472
201709 108.713 103.345 135.891
201712 116.572 103.345 145.715
201803 86.231 105.004 106.085
201806 109.546 105.557 134.063
201809 125.476 105.636 153.443
201812 102.363 105.399 125.460
201903 85.633 106.979 103.405
201906 119.229 107.690 143.022
201909 123.646 107.611 148.430
201912 126.815 107.769 152.011
202003 101.143 107.927 121.061
202006 90.222 108.401 107.517
202009 111.284 108.164 132.907
202012 143.650 108.559 170.937
202103 91.749 110.298 107.457
202106 138.124 111.720 159.712
202109 159.649 112.905 182.663
202112 155.911 113.774 177.024
202203 59.062 117.646 64.853
202206 110.353 120.806 118.003
202209 102.342 120.648 109.580
202212 110.059 120.964 117.535
202303 66.859 122.702 70.389
202306 136.180 124.203 141.638
202309 128.249 125.230 132.295
202312 145.857 125.072 150.648
202403 107.666 126.258 110.159
202406 170.046 127.522 172.258
202409 179.711 127.285 182.388
202412 164.616 127.364 166.965
202503 155.321 129.181 155.321

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Manulife Financial  (PHS:MFC) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Manulife Financial's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1650.00/420.34
=3.93

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Manulife Financial was 5.15. The lowest was 1.77. And the median was 3.10.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Manulife Financial Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Manulife Financial's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Manulife Financial Business Description

Address
200 Bloor Street East, Toronto, ON, CAN, M4W 1E5
Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.05 trillion in assets under management and administration as of the end of 2023. The US business, which primarily operates under the John Hancock brand, contributes about 27% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 23% of earnings.