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

$4.73

02 Nov
2026

-0.010

OPEN

$4.71

-0.21%

HIGH

$4.86

1,540,472

LOW

$4.63

TARGET
$8.69 83.7% 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 . L1G . 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 43.4 xxx
DPS (cps) xxx 20.0 24.8 xxx
EPS Growth xxx - 76.0% 100.0% xxx
DPS Growth xxx 0.0% 24.2% xxx
PE Ratio xxx N/A 11.4 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 320.5% 57.2% xxx

Dividend yield today if purchased 3 years ago: 4.35%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.04

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

22/10/2026

1

Buy

$8.90

88.16%

UBS found the third quarter update from MA Financial largely positive. MA Money stood out which presents upside risk to the consensus estimates for the second half. The MA Money loan book increased 19% quarter on quarter, to $8.9bn.

Finsure also delivered managed loan growth, although at a slower rate and below the trajectory expected. Management has reiterated expectations for underlying EPS in 2026 to be materially above 2025, with earnings weighted to the second half.

The broker envisages value in the diversified earnings base and retains a Buy rating. Target is steady at $8.90.

FORECAST
UBS forecasts a full year FY26 dividend of 24.00 cents and EPS of 44.00 cents.
UBS forecasts a full year FY27 dividend of 32.00 cents and EPS of 58.00 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

23/10/2026

2

Overweight

$7.80

64.90%

Jarden maintains an Overweight rating for MA Financial with its target price decreased to $7.80 from $8.60 following a Q3 26 update that showed positive net inflows in Asset Management, accelerating loan settlements in MA Money, and strong transaction activity.

The analyst highlights that although concerns surrounding real estate credit and private credit sentiment remain near-term headwinds, MA Money has tracked ahead of consensus with upside risk to earnings.

Jarden trims its medium-term earnings forecasts to reflect lower private credit origination activity and redemption freezes, resulting in EPS downgrades of -1% across FY26, -3% across FY27, and -3% across FY28.

Jarden values MA Financial Group Limited on a blend of discounted cash flow and sum-of-the-parts methodologies, noting that the stock is trading at an attractive NTM P/E of 9x.

FORECAST
Jarden forecasts a full year FY26 dividend of 24.20 cents and EPS of 41.50 cents.
Jarden forecasts a full year FY27 dividend of 29.30 cents and EPS of 50.40 cents.
Access Extra Coverage Research History >

MAF STOCK CHART

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