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

$4.69

12 Oct
2026

0.020

OPEN

$4.70

0.43%

HIGH

$4.74

135,412

LOW

$4.67

TARGET
$8.903 89.8% 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 . L1G . 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 46.3 xxx
DPS (cps) xxx 20.0 25.2 xxx
EPS Growth xxx - 76.0% 100.0% xxx
DPS Growth xxx 0.0% 26.0% xxx
PE Ratio xxx N/A 9.9 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 320.5% 54.4% xxx

Dividend yield today if purchased 3 years ago: 4.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.37

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

21/08/2026

1

Buy

$9.15

95.10%

Ord Minnett maintains its Buy rating for MA Financial and raises its target to $9.15 from $8.90 following an in-line first-half result and stronger-than-expected medium-term targets.

Underlying EBITDA of $68.2m was 1% ahead of consensus, while MA Money's contribution almost quadrupled and second-half asset-management flows have improved.

FY26-FY28 EBITDA forecasts rise 1%-5%.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 25.80 cents and EPS of 43.70 cents.
Ord Minnett forecasts a full year FY27 dividend of 29.90 cents and EPS of 53.50 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

83.37%

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

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