MA FINANCIAL GROUP LIMITED (MAF)
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MAF - MA FINANCIAL GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: December
GICS Industry Group : Diversified Financials
Debt/EBITDA: 8.47
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.46

07 Dec
2023

0.070

OPEN

$5.37

1.30%

HIGH

$5.51

718,141

LOW

$5.31

TARGET
$6.617 21.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IRE . JHG . KAM . KSL . LNK . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
MAF: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 28.0 28.6 xxx
DPS (cps) xxx 20.0 16.9 xxx
EPS Growth xxx 25.6% 2.3% xxx
DPS Growth xxx 17.6% - 15.3% xxx
PE Ratio xxx N/A 19.1 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 71.5% 59.2% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.66

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/08 - ex-div 6c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx28.0
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx776.1 M
Book Value Per Share xxxxxxxxxxxxxxx256.4
Net Operating Cash Flow xxxxxxxxxxxxxxx-275.4 M
Net Profit Margin xxxxxxxxxxxxxxx5.78 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx11.51 %
Return on Invested Capital xxxxxxxxxxxxxxx4.75 %
Return on Assets xxxxxxxxxxxxxxx2.88 %
Return on Equity xxxxxxxxxxxxxxx11.51 %
Return on Total Capital xxxxxxxxxxxxxxx9.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-319.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx253 M
Long Term Debt xxxxxxxxxxxxxxx752 M
Total Debt xxxxxxxxxxxxxxx1,005 M
Goodwill - Gross xxxxxxxxxxxxxxx128 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx312 M
Price To Book Value xxxxxxxxxxxxxxx1.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx12.9 M
Capex % of Sales xxxxxxxxxxxxxxx1.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx461 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx214 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx30 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

14/11/2023

1

Buy

$7.50

37.36%

MA Financial's operating update for the four months to October largely met Ord Minnett's forecasts for Asset Management and Lending & Technology but says Corporate Advisory shouldered the brunt of the macro fallout.

The broker downgrades EPS forecasts -5% to -6% accordingly.

Buy rating retained on valuation. Target price eases to $7.50 from $7.60.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 20.00 cents and EPS of 26.80 cents.
Ord Minnett forecasts a full year FY24 dividend of 19.00 cents and EPS of 36.80 cents.

Morgans

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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MAF STOCK CHART

FNArena News on MAF

1
Treasure Chest: MA Financial, Mini Macquarie?

Oct 11 2023 - Treasure Chest
2
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia
3
Rudi’s View: Awaiting The August Verdict

Aug 02 2023 - Rudi's View
4
FNArena Corporate Results Monitor – 27-02-2023

Feb 27 2023 - Australia
5
Rudi’s View: CSL, Mineral Resources, Ridley & ReadyTech

Feb 03 2023 - Rudi's View

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Perpetual Motion

Dec 07 2023 - Australia
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Dec 06 2023 - Australia
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Nov 29 2023 - SMSFundamentals
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Australian Listed Investment Company Report November 2023

Nov 02 2023 - Australia
5
Australian Listed Investment Company Report

Oct 17 2023 - Australia
6
Perpetual Is The Better Choice, Analysts Say

Oct 17 2023 - Australia
7
Treasure Chest: MA Financial, Mini Macquarie?

Oct 11 2023 - Treasure Chest
8
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Jul 24 2023 - SMSFundamentals
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Jul 13 2023 - Australia
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