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

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MFG

MFG - MAGELLAN FINANCIAL GROUP LIMITED

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

$10.33

27 Aug
2025

0.150

OPEN

$10.24

1.47%

HIGH

$10.34

454,052

LOW

$10.13

TARGET
$9.365 -9.3% downside
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 . MAF . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
MFG: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 92.7 76.7 xxx
DPS (cps) xxx 73.3 60.1 xxx
EPS Growth xxx - 29.7% - 17.2% xxx
DPS Growth xxx 12.6% - 18.0% xxx
PE Ratio xxx N/A 13.5 xxx
Dividend Yield xxx N/A 5.8% xxx
Div Pay Ratio(%) xxx 79.1% 78.4% xxx

Dividend yield today if purchased 3 years ago: 5.84%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.10

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx92.7
DPS All xxxxxxxxxxxxxxx73.3
Sales/Revenue xxxxxxxxxxxxxxx300.4 M
Book Value Per Share xxxxxxxxxxxxxxx586.1
Net Operating Cash Flow xxxxxxxxxxxxxxx153.4 M
Net Profit Margin xxxxxxxxxxxxxxx54.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx16.32 %
Return on Invested Capital xxxxxxxxxxxxxxx16.26 %
Return on Assets xxxxxxxxxxxxxxx15.12 %
Return on Equity xxxxxxxxxxxxxxx16.32 %
Return on Total Capital xxxxxxxxxxxxxxx20.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx41.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx5 M
Goodwill - Gross xxxxxxxxxxxxxxx107 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx170 M
Price To Book Value xxxxxxxxxxxxxxx1.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx19 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx78 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx420 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

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Morgan Stanley

21/08/2025

5

Underweight

$7.65

-25.94%

Magellan Financial notes Magellan Financial's FY25 earnings beat expectations on stronger distribution income and associates but excluding these, it was in line with its forecast and -7% lower than consensus.

The changing business mix has resulted in management defining group operating net profit as inclusive of associates.

The broker notes these come from a narrow base of investments and a lower multiple is justified, while core funds management earnings are shrinking -15-20% annually.

Overall, underlying earnings forecasts lifted by 2% for FY26-27 on higher associate profits. FUM forecast pushed up on recent $700m institutional mandate while DPS forecasts increased by 30-50% across FY26-28 on revised policy.

Underweight. Target rises to $7.65 from $7.40. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 60.30 cents and EPS of 75.40 cents.
Morgan Stanley forecasts a full year FY27 dividend of 55.50 cents and EPS of 69.40 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Jarden

09/07/2025

4

Underweight

$8.85

-14.33%

Jarden retains a cautious stance on Magellan Financial post the departure of Infrastructure portfolio manager Gerard Stacks, despite a stabilisation of retail fund outflows in June and no institutional redemptions.

Commentary suggests Stacks' departure could prompt institutional outflows with a reassessment of the fund’s ratings.

Jarden lifts EPS forecasts by 1.9% for FY25 and 0.5% for FY26.

Underweight maintained. Target cut to $8.85 from $8.90.

FORECAST
Jarden forecasts a full year FY26 dividend of 40.20 cents and EPS of 74.00 cents.

MFG STOCK CHART