Manulife Capex To Depreciation vs Free Cash Flow Yield Analysis

MFC Stock

CAD 44.70 0.67 1.48%

Manulife Financial financial indicator trend analysis is infinitely more than just investigating Manulife Financial Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Manulife Financial Corp is a good investment. Please check the relationship between Manulife Financial Capex To Depreciation and its Free Cash Flow Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manulife Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Manulife Financial Corp Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Manulife Financial's Capex To Depreciation and Free Cash Flow Yield is -0.21. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Manulife Financial Corp, assuming nothing else is changed. The correlation between historical values of Manulife Financial's Capex To Depreciation and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Manulife Financial Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., Manulife Financial's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.21

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Manulife Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Manulife Financial Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manulife Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Manulife Financial's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.13, while Tax Provision is likely to drop about 836.2 M.

	2021	2022	2023	2024 (projected)
Total Revenue	59.8B	15.3B	36.4B	39.1B
Interest Expense	1.0B	1.4B	1.6B	992.4M

Total Revenue Interest Expense

Manulife Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Non Currrent Assets Other	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Retained Earnings	Total Current Liabilities	Cash	Non Current Assets Total	Cash And Short Term Investments	Common Stock Total Equity	Short Term Investments	Total Current Assets	Short Term Debt	Common Stock	Good Will	Other Current Liab	Intangible Assets	Net Receivables
Total Assets		0.93	0.98	-0.01	-0.49	0.14	0.77	0.82	0.16	-0.49	0.08	0.79	0.67	0.16	0.81	0.21	0.85	0.88	0.67	0.33	-0.39	0.86	0.87	0.15	0.84	0.68
Short Long Term Debt Total	0.93		0.89	0.0	-0.3	0.13	0.78	0.85	0.28	-0.61	0.2	0.77	0.53	0.11	0.71	0.2	0.75	0.87	0.63	0.38	-0.37	0.86	0.85	0.11	0.82	0.64
Total Stockholder Equity	0.98	0.89		0.03	-0.46	0.22	0.78	0.75	0.11	-0.54	0.07	0.67	0.76	0.24	0.81	0.25	0.85	0.81	0.65	0.29	-0.5	0.79	0.89	0.23	0.89	0.72
Property Plant And Equipment Net	-0.01	0.0	0.03		0.42	0.34	0.35	-0.07	-0.11	-0.12	0.43	0.03	-0.32	0.8	-0.14	0.97	0.12	0.1	-0.7	-0.1	-0.19	-0.01	0.27	0.8	0.21	0.41
Net Debt	-0.49	-0.3	-0.46	0.42		0.37	-0.12	-0.46	0.2	0.07	0.43	-0.4	-0.49	0.3	-0.82	0.29	-0.71	-0.4	-0.67	0.01	0.01	-0.47	-0.18	0.3	-0.1	-0.05
Non Currrent Assets Other	0.14	0.13	0.22	0.34	0.37		0.41	-0.12	0.15	-0.24	0.33	-0.18	0.21	0.41	-0.06	0.38	0.04	-0.05	-0.17	0.35	-0.56	-0.1	0.35	0.38	0.47	0.32
Other Assets	0.77	0.78	0.78	0.35	-0.12	0.41		0.72	0.28	-0.52	0.42	0.57	0.35	0.36	0.57	0.52	0.64	0.75	0.33	0.67	-0.53	0.75	0.94	0.36	0.85	0.52
Common Stock Shares Outstanding	0.82	0.85	0.75	-0.07	-0.46	-0.12	0.72		0.42	-0.37	0.31	0.88	0.32	0.0	0.71	0.11	0.68	0.95	0.67	0.42	-0.02	0.99	0.76	0.0	0.56	0.33
Non Current Liabilities Total	0.16	0.28	0.11	-0.11	0.2	0.15	0.28	0.42		-0.07	0.84	0.41	-0.1	0.12	-0.1	-0.1	-0.13	0.38	0.22	0.44	0.09	0.38	0.24	0.12	0.11	-0.16
Other Stockholder Equity	-0.49	-0.61	-0.54	-0.12	0.07	-0.24	-0.52	-0.37	-0.07		-0.12	-0.22	-0.43	-0.21	-0.46	-0.24	-0.49	-0.34	-0.25	-0.25	0.5	-0.34	-0.47	-0.21	-0.54	-0.43
Total Liab	0.08	0.2	0.07	0.43	0.43	0.33	0.42	0.31	0.84	-0.12		0.31	-0.27	0.53	-0.18	0.42	-0.09	0.35	-0.19	0.35	-0.02	0.3	0.34	0.53	0.18	0.03
Property Plant And Equipment Gross	0.79	0.77	0.67	0.03	-0.4	-0.18	0.57	0.88	0.41	-0.22	0.31		0.18	0.08	0.56	0.16	0.63	0.96	0.48	0.25	0.12	0.9	0.61	0.08	0.44	0.38
Retained Earnings	0.67	0.53	0.76	-0.32	-0.49	0.21	0.35	0.32	-0.1	-0.43	-0.27	0.18		0.11	0.66	-0.13	0.58	0.31	0.7	0.02	-0.5	0.34	0.51	0.1	0.65	0.54
Total Current Liabilities	0.16	0.11	0.24	0.8	0.3	0.41	0.36	0.0	0.12	-0.21	0.53	0.08	0.11		-0.01	0.82	0.2	0.17	-0.42	-0.16	-0.25	0.06	0.38	1.0	0.37	0.55
Cash	0.81	0.71	0.81	-0.14	-0.82	-0.06	0.57	0.71	-0.1	-0.46	-0.18	0.56	0.66	-0.01		0.07	0.95	0.67	0.71	0.17	-0.35	0.73	0.63	-0.02	0.57	0.44
Non Current Assets Total	0.21	0.2	0.25	0.97	0.29	0.38	0.52	0.11	-0.1	-0.24	0.42	0.16	-0.13	0.82	0.07		0.31	0.28	-0.52	-0.03	-0.3	0.17	0.47	0.82	0.41	0.56
Cash And Short Term Investments	0.85	0.75	0.85	0.12	-0.71	0.04	0.64	0.68	-0.13	-0.49	-0.09	0.63	0.58	0.2	0.95	0.31		0.73	0.51	0.14	-0.41	0.72	0.69	0.19	0.64	0.6
Common Stock Total Equity	0.88	0.87	0.81	0.1	-0.4	-0.05	0.75	0.95	0.38	-0.34	0.35	0.96	0.31	0.17	0.67	0.28	0.73		0.54	0.35	-0.07	0.97	0.8	0.17	0.63	0.49
Short Term Investments	0.67	0.63	0.65	-0.7	-0.67	-0.17	0.33	0.67	0.22	-0.25	-0.19	0.48	0.7	-0.42	0.71	-0.52	0.51	0.54		0.31	-0.12	0.65	0.45	-0.42	0.42	0.13
Total Current Assets	0.33	0.38	0.29	-0.1	0.01	0.35	0.67	0.42	0.44	-0.25	0.35	0.25	0.02	-0.16	0.17	-0.03	0.14	0.35	0.31		-0.37	0.39	0.49	-0.16	0.42	-0.13
Short Term Debt	-0.39	-0.37	-0.5	-0.19	0.01	-0.56	-0.53	-0.02	0.09	0.5	-0.02	0.12	-0.5	-0.25	-0.35	-0.3	-0.41	-0.07	-0.12	-0.37		-0.04	-0.52	-0.25	-0.71	-0.48
Common Stock	0.86	0.86	0.79	-0.01	-0.47	-0.1	0.75	0.99	0.38	-0.34	0.3	0.9	0.34	0.06	0.73	0.17	0.72	0.97	0.65	0.39	-0.04		0.8	0.06	0.6	0.39
Good Will	0.87	0.85	0.89	0.27	-0.18	0.35	0.94	0.76	0.24	-0.47	0.34	0.61	0.51	0.38	0.63	0.47	0.69	0.8	0.45	0.49	-0.52	0.8		0.38	0.93	0.69
Other Current Liab	0.15	0.11	0.23	0.8	0.3	0.38	0.36	0.0	0.12	-0.21	0.53	0.08	0.1	1.0	-0.02	0.82	0.19	0.17	-0.42	-0.16	-0.25	0.06	0.38		0.36	0.55
Intangible Assets	0.84	0.82	0.89	0.21	-0.1	0.47	0.85	0.56	0.11	-0.54	0.18	0.44	0.65	0.37	0.57	0.41	0.64	0.63	0.42	0.42	-0.71	0.6	0.93	0.36		0.78
Net Receivables	0.68	0.64	0.72	0.41	-0.05	0.32	0.52	0.33	-0.16	-0.43	0.03	0.38	0.54	0.55	0.44	0.56	0.6	0.49	0.13	-0.13	-0.48	0.39	0.69	0.55	0.78

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Manulife Financial Account Relationship Matchups

Manulife Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	809.1B	880.3B	917.6B	848.9B	832.9B	465.6B
Short Long Term Debt Total	12.7B	14.0B	11.9B	12.4B	12.7B	8.0B
Total Stockholder Equity	48.9B	51.6B	57.2B	54.7B	47.0B	32.6B
Property Plant And Equipment Net	381M	1.9B	1.8B	1.9B	674.3B	708.0B
Net Debt	(8.6B)	(12.2B)	(10.7B)	(6.8B)	(1.4B)	(1.5B)
Non Currrent Assets Other	(230.9B)	(6.7B)	(7.1B)	(8.6B)	12.4B	13.1B
Other Assets	556.5B	600.4B	631.6B	590.4B	679.0B	712.9B
Common Stock Shares Outstanding	2.0B	1.9B	1.9B	1.9B	1.8B	1.8B
Liabilities And Stockholders Equity	809.1B	880.3B	917.6B	848.9B	832.9B	465.5B
Non Current Liabilities Total	13.6B	16.6B	14.6B	792.6B	416.1B	257.7B
Other Stockholder Equity	22M	(523M)	(971M)	(1.1B)	222M	210.9M
Total Liab	13.6B	16.6B	14.6B	792.6B	784.2B	823.4B
Retained Earnings	15.5B	18.9B	23.5B	27.0B	4.8B	4.6B
Total Current Liabilities	649M	16.4B	17.7B	355.0B	368.1B	386.6B
Cash	20.3B	26.2B	22.6B	19.2B	14.2B	15.7B
Non Current Assets Total	230.9B	252.4B	262.1B	237.9B	809.8B	850.3B
Cash And Short Term Investments	20.3B	26.2B	22.6B	19.2B	20.3B	17.0B
Common Stock Total Equity	23.0B	23.0B	23.1B	23.0B	26.5B	18.1B
Short Term Investments	156.7B	170.2B	169.8B	176.0B	6.2B	5.9B
Total Current Assets	21.7B	27.6B	23.9B	20.6B	23.2B	25.9B
Short Term Debt	400M	0.0	649M	615M	594M	564.3M
Common Stock	23.1B	23.0B	23.1B	22.2B	21.5B	18.9B
Good Will	5.7B	5.7B	5.7B	6.0B	5.9B	5.8B
Other Current Liab	16.9B	4.9B	5.6B	354.8B	367.5B	385.9B
Intangible Assets	4.2B	4.2B	4.3B	4.5B	4.4B	3.6B
Accumulated Other Comprehensive Income	6.4B	6.3B	5.2B	(25M)	13.8B	14.5B
Net Receivables	1.4B	1.4B	1.3B	1.4B	1.7B	1.2B
Other Liab	739.0B	783.6B	822.7B	750.7B	863.3B	740.1B
Net Tangible Assets	35.1B	37.8B	44.1B	41.7B	48.0B	35.4B
Long Term Debt	11.7B	14.0B	11.9B	12.4B	12.1B	10.5B
Other Current Assets	47.7B	31.1B	27.2B	22.5B	23.2B	23.8B
Long Term Investments	221.0B	242.4B	252.2B	227.4B	237.7B	234.3B
Property Plant Equipment	1.9B	1.9B	1.8B	1.9B	2.2B	1.8B
Accounts Payable	10.8B	11.5B	12.1B	13.6B	15.7B	11.9B
Long Term Debt Total	12.1B	14.0B	11.9B	12.4B	14.2B	13.7B
Capital Surpluse	254M	261M	262M	238M	214.2M	211.8M
Inventory	(24.7B)	(31.1B)	(27.2B)	(22.5B)	(20.2B)	(21.2B)

Pair Trading with Manulife Financial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Manulife Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Manulife Financial will appreciate offsetting losses from the drop in the long position's value.

Moving together with Manulife Stock

0.83	NVDA	NVIDIA CDR	Pair Corr
0.86	AMZN	Amazon CDR	Pair Corr
0.74	GOOG	Alphabet CDR	Pair Corr

The ability to find closely correlated positions to Manulife Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Manulife Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Manulife Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Manulife Financial Corp to buy it.

The correlation of Manulife Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Manulife Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Manulife Financial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Manulife Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Manulife Financial Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Manulife Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Manulife Financial Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Manulife Financial Corp Stock:

How To Invest In Manulife

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Is Manulife Stock a good investment?

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What is Manulife Financial's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Manulife Financial Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Please note, there is a significant difference between Manulife Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Manulife Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Manulife Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Manulife Capex To Depreciation vs Free Cash Flow Yield Analysis

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Free Cash Flow Yield

Manulife Financial fundamental ratios Correlations

Manulife Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Manulife Financial fundamental ratios Accounts

Pair Trading with Manulife Financial

Moving together with Manulife Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Current Liab	+ 1.0	Total Current Liabilities
Common Stock	+ 0.99	Common Stock Shares Outstanding
Total Stockholder Equity	+ 0.98	Total Assets
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Common Stock	+ 0.97	Common Stock Total Equity
Common Stock Total Equity	+ 0.96	Property Plant And Equipment Gross

Cash	- 0.82	Net Debt
Intangible Assets	- 0.71	Short Term Debt
Cash And Short Term Investments	- 0.71	Net Debt
Short Term Investments	- 0.7	Property Plant And Equipment Net
Short Term Investments	- 0.67	Net Debt
Other Stockholder Equity	- 0.61	Short Long Term Debt Total