MAGELLAN FINANCIAL GROUP LIMITED (MFG)
Share Price Analysis and Chart

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MFG

MFG - MAGELLAN FINANCIAL GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.02
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

$7.24

14 Apr
2025

0.000

OPEN

$7.30

0.000

HIGH

$7.34

649,245

LOW

$7.19

TARGET
$8.193

-0.17 change from previous day

 13.2% upside
Franking for last dividend paid out: 85%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . DJW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
MFG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 131.9 82.3 xxx
DPS (cps) xxx 65.1 53.3 xxx
EPS Growth xxx 31.8% - 37.6% xxx
DPS Growth xxx - 44.2% - 18.1% xxx
PE Ratio xxx N/A 8.8 xxx
Dividend Yield xxx N/A 7.4% xxx
Div Pay Ratio(%) xxx 49.4% 64.8% xxx

Dividend yield today if purchased 3 years ago: 3.98%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 8.99

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: 20/08 - ex-div 35.70c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx131.9
DPS All xxxxxxxxxxxxxxx65.1
Sales/Revenue xxxxxxxxxxxxxxx348.7 M
Book Value Per Share xxxxxxxxxxxxxxx566.8
Net Operating Cash Flow xxxxxxxxxxxxxxx47.4 M
Net Profit Margin xxxxxxxxxxxxxxx68.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx24.09 %
Return on Invested Capital xxxxxxxxxxxxxxx23.94 %
Return on Assets xxxxxxxxxxxxxxx20.87 %
Return on Equity xxxxxxxxxxxxxxx24.09 %
Return on Total Capital xxxxxxxxxxxxxxx32.90 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-131.8 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 xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx5 M
Total Debt xxxxxxxxxxxxxxx8 M
Goodwill - Gross xxxxxxxxxxxxxxx106 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx324 M
Price To Book Value xxxxxxxxxxxxxxx1.49

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.13 %
Cost of Goods Sold xxxxxxxxxxxxxxx93 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-74 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx405 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

-0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

03/04/2025

3

Upgrade to Neutral from Sell

$8.20

13.26%

UBS upgrades Magellan Financial to Neutral from Sell with a lower target price of $8.20 from $8.85, as the broker marks to market the wealth stocks for softer equity markets over the March quarter.

The risk-off tone has resulted in a sell-down of the sector and a valuation de-rating, which has improved the valuation appeal for AMP ((AMP)) and Magellan, which has sold off -24% since the February results.

Considerable uncertainty remains in the sector, and UBS prefers the "relative safety" of wealth exposures such as Perpetual ((PPT)), Insignia Financial ((IFL)), and GQG Partners ((GQG)) on valuation and growth prospects.

FORECAST
UBS forecasts a full year FY25 dividend of 53.00 cents and EPS of 81.00 cents.
UBS forecasts a full year FY26 dividend of 41.00 cents and EPS of 60.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

09/04/2025

4

Underweight

$8.55

18.09%

Jarden notes the upcoming departure of Magellan Financial's infrastructure portfolio manager Gerard Stack in July has started to impact flows, with the last six-month institutional net outflow averaging -$0.13bn per month.

The broker expects Stack's leaving to continue to weigh as institutional clients revisit mandates only once a PM exits or at periodic intervals.

The analyst lowered the FY25 EPS forecast by -0.1% and FY26 by -0.6%.

Underweight maintained. Target cut to $8.55 from $8.60.

FORECAST
Jarden forecasts a full year FY25 dividend of 49.80 cents and EPS of 80.70 cents.
Jarden forecasts a full year FY26 dividend of 37.70 cents and EPS of 71.40 cents.
Access Extra Coverage Research History >

MFG STOCK CHART

FNArena News on MFG

1
Australian Broker Call *Extra* Edition – Apr 09, 2025

Apr 09 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Apr 07, 2025

Apr 07 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 04-04-25

Apr 07 2025 - Weekly Reports
4
Rudi’s View: Time For Appreciating Quality

Apr 02 2025 - Rudi's View
5
ESG Focus: Fund Flows, Tariffs, Defence & AI

Mar 20 2025 - ESG Focus

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