MA FINANCIAL GROUP LIMITED (MAF)
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MAF

MAF - MA FINANCIAL GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: December
GICS Industry Group : Diversified Financials
Debt/EBITDA: 16.56
Index: ASX300 | ALL-ORDS

MA Financial Group provides asset management, lending, corporate advisory and investment services.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.17

27 Aug
2026

-0.060

OPEN

$6.16

-0.96%

HIGH

$6.24

548,133

LOW

$6.10

TARGET
$9.303 50.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . DJW . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
MAF: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.2 46.9 xxx
DPS (cps) xxx 20.0 25.5 xxx
EPS Growth xxx - 76.0% 100.0% xxx
DPS Growth xxx 0.0% 27.7% xxx
PE Ratio xxx N/A 13.2 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 320.5% 54.4% xxx

Dividend yield today if purchased 3 years ago: 4.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.24

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: 25/08 - ex-div 8.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.2
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx1,789.5 M
Book Value Per Share xxxxxxxxxxxxxxx263.7
Net Operating Cash Flow xxxxxxxxxxxxxxx-4,613.6 M
Net Profit Margin xxxxxxxxxxxxxxx0.58 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx2.36 %
Return on Invested Capital xxxxxxxxxxxxxxx0.19 %
Return on Assets xxxxxxxxxxxxxxx0.12 %
Return on Equity xxxxxxxxxxxxxxx2.36 %
Return on Total Capital xxxxxxxxxxxxxxx6.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-4,661.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2,171 M
Long Term Debt xxxxxxxxxxxxxxx6,665 M
Total Debt xxxxxxxxxxxxxxx8,836 M
Goodwill - Gross xxxxxxxxxxxxxxx144 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx473 M
Price To Book Value xxxxxxxxxxxxxxx4.13

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx11.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.62 %
Cost of Goods Sold xxxxxxxxxxxxxxx946 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx331 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx51 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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

21/08/2026

1

Buy

$10.10

63.70%

Following on from yesterday's first read on the first half result, UBS notes MA Financial delivered an in-line result, though the broker thinks the share price reaction (up 18%) reflects material potential for upside towards new FY29 targets, and a stronger second half outlook.

UBS continues to view MA Financial's valuation as attractive given improving earnings quality, with rising recurring revenues and operating leverage, a rising return on equity, and 12-month forward PE at a -15% discount to the three-year average.

Target rises to $10.10 from $9.30, Buy retained.

FORECAST
UBS forecasts a full year FY26 dividend of 25.00 cents and EPS of 46.00 cents.
UBS forecasts a full year FY27 dividend of 35.00 cents and EPS of 62.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

24/08/2026

2

Overweight

$8.60

39.38%

Jarden maintains its Overweight recommendation for MA Financial with its target price reduced to $8.60 from $9.45 following a result that was in-line despite being compositionally mixed.

The trading update and outlook commentary proved more upbeat than anticipated, increasing confidence in the company meeting consensus FY26 EBITDA targets of $150m.

Current macroeconomic conditions generally remain unfavourable, yet current earnings expectations yield a price-to-earnings multiple of 14x for FY27 that prices in appropriate caution.

The broker's estimates incorporate modest earnings per share cuts alongside a slightly lower target price-to-earnings multiple of 16x in the sum-of-the-parts valuation compared to 18x previously.

The analyst notes that the resulting valuation and outlook support the ongoing Overweight stance.

FORECAST
Jarden forecasts a full year FY26 dividend of 20.00 cents and EPS of 28.30 cents.
Jarden forecasts a full year FY27 dividend of 31.00 cents and EPS of 61.20 cents.
Access Extra Coverage Research History >

MAF STOCK CHART

FNArena News on MAF

1
Next Week At A Glance – 31 Aug – 4 Sep 2026

Aug 28 2026 - Weekly Reports
2
Rudi’s View: August Delivers Soft Guidance, Higher Dividends

Aug 26 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Aug 25, 2026

Aug 25 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Aug 24, 2026

Aug 24 2026 - Daily Market Reports
5
FNArena Corporate Results Monitor – 21-08-2026

Aug 21 2026 - Australia

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