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
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

$13.82

27 Jun
2022

-0.010

OPEN

$14.00

-0.07%

HIGH

$14.14

1,145,296

LOW

$13.65

TARGET
$13.713 -0.8% downside
Franking for last dividend paid out: 25%
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FNARENA'S MARKET CONSENSUS FORECASTS
MFG: 1
Title FY20
Actual		 FY21
Actual		 FY22
Forecast		 FY23
Forecast
EPS (cps) xxx 144.6 218.0 xxx
DPS (cps) xxx 211.2 189.4 xxx
EPS Growth xxx - 33.8% 50.8% xxx
DPS Growth xxx - 1.7% - 10.3% xxx
PE Ratio xxx N/A 6.3 xxx
Dividend Yield xxx N/A 13.7% xxx
Div Pay Ratio(%) xxx 146.1% 86.9% xxx

Dividend yield today if purchased 3 years ago: 4.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 15.27

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: 23/02 - ex-div 100.1c (franking 25%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx144.6
DPS All xxxxxxxxxxxxxxx211.2
Sales/Revenue xxxxxxxxxxxxxxx699.1 M
Book Value Per Share xxxxxxxxxxxxxxx541.9
Net Operating Cash Flow xxxxxxxxxxxxxxx401.3 M
Net Profit Margin xxxxxxxxxxxxxxx37.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx26.05 %
Return on Invested Capital xxxxxxxxxxxxxxx25.71 %
Return on Assets xxxxxxxxxxxxxxx22.59 %
Return on Equity xxxxxxxxxxxxxxx26.05 %
Return on Total Capital xxxxxxxxxxxxxxx34.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.6

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

08/04/2022

3

Neutral

$14.40

4.20%

While the -$1.3bn in outflows reported by Magellan Financial in the final three weeks of March proved lower than Credit Suisse's estimate, the broker notes it was the lowest outflow rate reported by the company in the last 2-3 months. 

Institutional flows were a key driver of the improvement, moderating to only -$0.8bn in outflows, but deeper retail outflows weighed. The broker does not expect the improvement to be a trend and expects further large outflows and weak fund performance ahead.

The Neutral rating and target price of $14.40 are retained.

FORECAST
Credit Suisse forecasts a full year FY22 dividend of 186.00 cents and EPS of 226.00 cents.
Credit Suisse forecasts a full year FY23 dividend of 126.00 cents and EPS of 157.00 cents.

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

MFG STOCK CHART

FNArena News on MFG

1
Rudi’s View: Quo Vadis, Corporate Profits?

Jun 02 2022 - Rudi's View
2
Australian Broker Call *Extra* Edition – May 17, 2022

May 17 2022 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Apr 20, 2022

Apr 20 2022 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Apr 11, 2022

Apr 11 2022 - Daily Market Reports
5
March In Review: War Puts ASX On Pedestal

Apr 06 2022 - Australia

Latest Wealth Management & Investments News

1
Hub24: Short-Term Volatility Weighs

Jun 20 2022 - Australia
2
SMSFundamentals: SMAs Hot, Retail Funds Not

Jun 07 2022 - SMSFundamentals
3
Pendal Navigates Volatility With Cost Control

May 13 2022 - Australia
4
In Brief: Debt Doubles, Investment Markets, Homewares Retail

Apr 08 2022 - Weekly Reports
5
Treasure Chest: Undervalued Fund Managers

Mar 21 2022 - Treasure Chest
6
Margins Give Hub24 An Edge on Competitors

Feb 28 2022 - Australia
7
Macquarie On Watch

Feb 01 2022 - Technicals
8
Hub24: More Patience Required

Jan 11 2022 - Technicals
9
More Mandate Losses Expected For Magellan

Dec 22 2021 - Australia
10
Australian Super Offering Lower Fees, Better Returns

Nov 02 2021 - Australia