MAGELLAN FINANCIAL GROUP LIMITED (MFG)
Share Price Analysis and Chart

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MFG - MAGELLAN FINANCIAL GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.04
Index: ASX200 | ASX300 | ALL-ORDS

Magellan Financial is a global investment company specialising in global equities and global listed infrastructure. It was formed in 2006 and has offices in Australia, New Zealand and the US. It acquired Airlie Funds in Australia in 2016.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.31

22 Sep
2023

0.010

OPEN

$9.14

0.11%

HIGH

$9.31

542,680

LOW

$9.07

TARGET
$9.75 4.7% upside
Franking for last dividend paid out: 85%
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 . MAF . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI .
FNARENA'S MARKET CONSENSUS FORECASTS
MFG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 100.1 79.3 xxx
DPS (cps) xxx 116.7 62.1 xxx
EPS Growth xxx - 51.6% - 20.7% xxx
DPS Growth xxx - 34.8% - 46.8% xxx
PE Ratio xxx N/A 11.7 xxx
Dividend Yield xxx N/A 6.7% xxx
Div Pay Ratio(%) xxx 116.6% 78.3% xxx

Dividend yield today if purchased 3 years ago: 2.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 12.53

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: 23/08 - ex-div 69.8c (franking 85%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx100.1
DPS All xxxxxxxxxxxxxxx116.7
Sales/Revenue xxxxxxxxxxxxxxx381.2 M
Book Value Per Share xxxxxxxxxxxxxxx534.1
Net Operating Cash Flow xxxxxxxxxxxxxxx186.6 M
Net Profit Margin xxxxxxxxxxxxxxx47.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx18.36 %
Return on Invested Capital xxxxxxxxxxxxxxx18.20 %
Return on Assets xxxxxxxxxxxxxxx14.97 %
Return on Equity xxxxxxxxxxxxxxx18.36 %
Return on Total Capital xxxxxxxxxxxxxxx26.64 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-24.6 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx8 M
Total Debt xxxxxxxxxxxxxxx10 M
Goodwill - Gross xxxxxxxxxxxxxxx106 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx375 M
Price To Book Value xxxxxxxxxxxxxxx1.78

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.03 %
Cost of Goods Sold xxxxxxxxxxxxxxx49 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx64 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx421 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

-0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

21/08/2023

1

Buy

$11.50

23.52%

On further analysis UBS notes Magellan Financial's results, while beating on lower costs, were all about funds under management, flows and fees.

Strategic news flow dominates and the broker welcomes the governance changes including new board members with funds experience.

There is also a path to resolving staff SPP loans, lowering costs and extending the buyback. The broker lifts estimates for FY24 by 14% and FY25 by 3% and retains a Buy rating.

UBS is optimistic around further capital returns, raising the target to $11.50 from $10.00.

FORECAST
UBS forecasts a full year FY24 dividend of 64.00 cents and EPS of 73.00 cents.
UBS forecasts a full year FY25 dividend of 54.00 cents and EPS of 62.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

MFG STOCK CHART

FNArena News on MFG

1
Australian Broker Call *Extra* Edition – Aug 23, 2023

Aug 23 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 21-08-2023

Aug 21 2023 - Australia
3
Rudi’s View: Helia, Hub24, Judo, QBE, ResMed, Santos, Telstra & Xero

Aug 09 2023 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 03, 2023

Aug 03 2023 - Daily Market Reports
5
SMSFundamentals: ETFs Killing It In Tough Times

Jul 24 2023 - SMSFundamentals

Latest Wealth Management & Investments News

1
SMSFundamentals: ETFs Killing It In Tough Times

Jul 24 2023 - SMSFundamentals
2
Magellan Financial’s June Funds Surprise

Jul 13 2023 - Australia
3
GQG Partners Continues To Outperform ASX Peers

Jul 13 2023 - Australia
4
Monthly Listed Investment Trust Report – Jul 2023

Jul 05 2023 - Australia
5
ESG Focus: Care Needed In Ethical Investment

Jun 02 2023 - ESG Focus
6
Hub24 Making Its Mark

Apr 19 2023 - Australia
7
Macquarie Uptrend Resumes

Apr 04 2023 - Technicals
8
ESG Focus: ESG And The Hunt For Alpha

Mar 30 2023 - ESG Focus
9
Macquarie’s Growing Opportunity In The Americas

Mar 20 2023 - Australia
10
Containing Costs The Challenge For Hub24

Mar 02 2023 - Australia