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Manulife Holdings Bhd (XKLS:1058) Intrinsic Value: Projected FCF : RM5.41 (As of May. 26, 2024)


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What is Manulife Holdings Bhd Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-26), Manulife Holdings Bhd's Intrinsic Value: Projected FCF is RM5.41. The stock price of Manulife Holdings Bhd is RM2.48. Therefore, Manulife Holdings Bhd's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.

The historical rank and industry rank for Manulife Holdings Bhd's Intrinsic Value: Projected FCF or its related term are showing as below:

XKLS:1058' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.35   Med: 0.45   Max: 0.66
Current: 0.46

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Manulife Holdings Bhd was 0.66. The lowest was 0.35. And the median was 0.45.

XKLS:1058's Price-to-Projected-FCF is ranked better than
68.92% of 399 companies
in the Insurance industry
Industry Median: 0.67 vs XKLS:1058: 0.46

Manulife Holdings Bhd Intrinsic Value: Projected FCF Historical Data

The historical data trend for Manulife Holdings Bhd's Intrinsic Value: Projected FCF 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 Holdings Bhd Intrinsic Value: Projected FCF Chart

Manulife Holdings Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.74 4.51 5.35 5.36 5.41

Manulife Holdings Bhd Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Intrinsic Value: Projected FCF 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 5.36 5.04 5.38 5.85 5.41

Competitive Comparison of Manulife Holdings Bhd's Intrinsic Value: Projected FCF

For the Insurance - Life subindustry, Manulife Holdings Bhd's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Holdings Bhd's Price-to-Projected-FCF Distribution in the Insurance Industry

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

* The bar in red indicates where Manulife Holdings Bhd's Price-to-Projected-FCF falls into.



Manulife Holdings Bhd Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Manulife Holdings Bhd's Free Cash Flow(6 year avg) = RM17.96.

Manulife Holdings Bhd's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec23)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*17.95632+1270.337*0.8)/219.488
=5.41

* 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.


Manulife Holdings Bhd  (XKLS:1058) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Manulife Holdings Bhd's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=2.48/5.4090432268263
=0.46

* 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.


Manulife Holdings Bhd Intrinsic Value: Projected FCF Related Terms

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Manulife Holdings Bhd (XKLS:1058) Business Description

Traded in Other Exchanges
N/A
Address
6 Jalan Gelenggang, Damansara Heights, 16th Floor, Menara Manulife, Kuala Lumpur, SGR, MYS, 50490
Manulife Holdings Bhd is an investment holding company that is engaged in the business of life insurance business, management of unit trust funds, private retirement scheme funds, investment, and fund management. The company operates through Investment Holding, Life Insurance and Asset Management Services segments. The investment holding segment includes Investment holding operations and other segments; Life insurance segment includes underwriting of Participating life and Non-participating life insurance and unit-linked products; and Asset management services include asset management, unit trust, private retirement scheme funds. The group's principal revenue source is from the Life insurance business segment.

Manulife Holdings Bhd (XKLS:1058) Headlines

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