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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 ₱154.046. 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 (2025-06-21), 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)
=154.046/129.1809*129.1809
=154.046

Current CPI (Mar. 2025) = 129.1809.

Manulife Financial Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 79.452 100.500 102.126
201509 16.589 100.421 21.340
201512 86.837 99.947 112.236
201603 59.678 101.054 76.289
201606 95.300 102.002 120.694
201609 115.110 101.765 146.122
201612 104.489 101.449 133.053
201703 68.560 102.634 86.294
201706 105.578 103.029 132.377
201709 107.821 103.345 134.776
201712 115.616 103.345 144.520
201803 85.523 105.004 105.214
201806 108.647 105.557 132.962
201809 124.446 105.636 152.183
201812 101.523 105.399 124.430
201903 84.930 106.979 102.556
201906 118.251 107.690 141.849
201909 122.632 107.611 147.212
201912 125.774 107.769 150.763
202003 100.314 107.927 120.068
202006 89.482 108.401 106.635
202009 110.371 108.164 131.816
202012 142.471 108.559 169.534
202103 90.996 110.298 106.575
202106 136.991 111.720 158.402
202109 158.339 112.905 181.165
202112 154.631 113.774 175.571
202203 58.577 117.646 64.321
202206 109.448 120.806 117.036
202209 101.502 120.648 108.681
202212 109.156 120.964 116.571
202303 66.310 122.702 69.811
202306 135.063 124.203 140.476
202309 127.197 125.230 131.210
202312 144.660 125.072 149.412
202403 106.783 126.258 109.255
202406 168.650 127.522 170.844
202409 178.237 127.285 180.892
202412 163.265 127.364 165.594
202503 154.046 129.181 154.046

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.