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: 14.33
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.79

27 Oct
2025

0.410

OPEN

$9.46

4.37%

HIGH

$9.80

167,376

LOW

$9.45

TARGET
$10.675

+0.09 change from previous day

 9.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
MAF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 26.0 32.5 xxx
DPS (cps) xxx 20.0 21.0 xxx
EPS Growth xxx 45.8% 25.2% xxx
DPS Growth xxx 0.0% 5.0% xxx
PE Ratio xxx N/A 30.7 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 77.1% 64.6% xxx

Dividend yield today if purchased 3 years ago: 4.65%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.00

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: 27/02 - ex-div 14c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx26.0
DPS All xxxxxxxxxxxxxxx20.0
Sales/Revenue xxxxxxxxxxxxxxx1,209.3 M
Book Value Per Share xxxxxxxxxxxxxxx259.6
Net Operating Cash Flow xxxxxxxxxxxxxxx-2,338.2 M
Net Profit Margin xxxxxxxxxxxxxxx3.46 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx10.26 %
Return on Invested Capital xxxxxxxxxxxxxxx1.43 %
Return on Assets xxxxxxxxxxxxxxx0.87 %
Return on Equity xxxxxxxxxxxxxxx10.26 %
Return on Total Capital xxxxxxxxxxxxxxx7.81 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2,380.6 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1,341 M
Long Term Debt xxxxxxxxxxxxxxx3,218 M
Total Debt xxxxxxxxxxxxxxx4,558 M
Goodwill - Gross xxxxxxxxxxxxxxx143 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx231 M
Price To Book Value xxxxxxxxxxxxxxx2.36

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx6.9 M
Capex % of Sales xxxxxxxxxxxxxxx0.57 %
Cost of Goods Sold xxxxxxxxxxxxxxx660 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx250 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx26 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

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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

10/10/2025

1

Buy

$10.55

7.76%

MA Financial has acquired Sydney’s Top Ryde Shopping Centre for -$525m alongside Singapore-based Keppel REIT, which will hold a 75% stake.

The move reflects a stronger push into retail real estate following the IP Generation acquisition, highlights UBS, and adds a further 4% to the group's total funds under management (FUM) of $12.7bn.

The broker highlights an implied 7.2% yield and -45% discount to replacement cost, with a targeted 13% total return over five years.

While UBS expects the deal to deliver management and performance fees, forecasts are unchanged. The broker maintains a Buy rating and $10.55 target price.

This summary relates to UBS research released on Thursday 9 October.

FORECAST
UBS forecasts a full year FY25 dividend of 19.00 cents and EPS of 32.00 cents.
UBS forecasts a full year FY26 dividend of 25.00 cents and EPS of 45.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

MAF STOCK CHART

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