WallStSmart

Lincoln National Corporation (LNC)vsManulife Financial Corp (MFC)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Manulife Financial Corp generates 71% more annual revenue ($33.11B vs $19.39B). MFC leads profitability with a 20.3% profit margin vs 12.2%. MFC appears more attractively valued with a PEG of 0.88. LNC earns a higher WallStSmart Score of 78/100 (B+).

LNC

Strong Buy

78

out of 100

Grade: B+

Growth: 6.0Profit: 5.5Value: 7.0Quality: 6.3
Piotroski: 3/9

MFC

Strong Buy

75

out of 100

Grade: B

Growth: 8.0Profit: 7.0Value: 7.0Quality: 7.3
Piotroski: 5/9

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

LNC3 strengths · Avg: 10.0/10
P/E RatioValuation
3.6x10/10

Attractively priced relative to earnings

Price/BookValuation
0.8x10/10

Reasonable price relative to book value

EPS GrowthGrowth
76.8%10/10

Earnings expanding 76.8% YoY

MFC6 strengths · Avg: 8.5/10
Market CapQuality
$72.16B9/10

Large-cap with strong market position

Profit MarginProfitability
20.3%9/10

Keeps 20 of every $100 in revenue as profit

Debt/EquityHealth
0.279/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.888/10

Growing faster than its price suggests

P/E RatioValuation
16.2x8/10

Attractively priced relative to earnings

Price/BookValuation
2.0x8/10

Reasonable price relative to book value

Areas to Watch

LNC3 concerns · Avg: 2.7/10
Operating MarginProfitability
4.6%3/10

Operating margin of 4.6%

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Free Cash FlowQuality
$-558.00M2/10

Negative free cash flow — burning cash

MFC0 concerns · Avg: 0/10

No major concerns identified

Comparative Analysis Report

WallStSmart Research

Bull Case : LNC

The strongest argument for LNC centers on P/E Ratio, Price/Book, EPS Growth. Revenue growth of 12.6% demonstrates continued momentum. PEG of 1.01 suggests the stock is reasonably priced for its growth.

Bull Case : MFC

The strongest argument for MFC centers on Market Cap, Profit Margin, Debt/Equity. Profitability is solid with margins at 20.3% and operating margin at 28.2%. Revenue growth of 10.7% demonstrates continued momentum.

Bear Case : LNC

The primary concerns for LNC are Operating Margin, Piotroski F-Score, Free Cash Flow.

Bear Case : MFC

No major red flags identified for MFC, but monitor valuation.

Key Dynamics to Monitor

LNC profiles as a value stock while MFC is a mature play — different risk/reward profiles.

LNC carries more volatility with a beta of 1.11 — expect wider price swings.

LNC is growing revenue faster at 12.6% — sustainability is the question.

MFC generates stronger free cash flow (9.1B), providing more financial flexibility.

Bottom Line

LNC scores higher overall (78/100 vs 75/100) and 12.6% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Lincoln National Corporation

FINANCIAL SERVICES · INSURANCE - LIFE · USA

Lincoln National Corporation is an American holding company, which operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiary companies.

Manulife Financial Corp

FINANCIAL SERVICES · INSURANCE - LIFE · USA

Manulife Financial Corporation, offers financial products and services in Asia, Canada, the United States and internationally. The company is headquartered in Toronto, Canada.

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