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

$9.91

24 Mar
2026

-0.300

OPEN

$9.64

-2.94%

HIGH

$10.27

909,967

LOW

$9.77

TARGET
$10.02 1.1% 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 . MAF . MQG . NGI . NWL . PAC . PNI . PPS . PPT . 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 79.1 xxx
DPS (cps) xxx 73.3 65.7 xxx
EPS Growth xxx - 29.7% - 14.7% xxx
DPS Growth xxx 12.6% - 10.4% xxx
PE Ratio xxx N/A 13.0 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 79.1% 83.1% xxx

Dividend yield today if purchased 3 years ago: 8.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.14

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 21.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

0.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

03/03/2026

3

Neutral

$9.90

-0.10%

UBS proposes the merger announcement between Magellan Financial and Barrenoey is not new, having been flagged in Sept 2020 when they first initiated a stake in the investment bank.

UBS analysts view the merger deal as "unattractive" to Magellan shareholders and are surprised the board is supporting the transaction.

The transaction implies a $1.6bn valuation for Barrenjoey (15x NPATA), with Magellan to fund an initial 10% stake purchase via a $130m placement and $20m share purchase placement at $8.45 before issuing 106.8m shares to acquire the balance, resulting in pro forma ownership of 58.2% for Magellan shareholders.

Commentary highlights management recently bought back stock at $9.70 per share. Now it is issuing equity below that level while effectively valuing its core Funds Management business at around 1x PE.

Limited disclosed synergies of $4m, or around 2% of combined profits, and a lack of clarity around capital allocation of the circa $700m surplus balance sheet further tempers UBS' enthusiasm.

The report does acknowledge Barrenjoey earnings have been a bright spot and may be modestly EPS accretive from FY27.

Rated Neutral. Target $9.90.

FORECAST
UBS forecasts a full year FY26 dividend of 66.00 cents and EPS of 82.00 cents.
UBS forecasts a full year FY27 dividend of 53.00 cents and EPS of 67.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
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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 >

MFG STOCK CHART

FNArena News on MFG

1
Weekly Ratings, Targets, Forecast Changes – 13-03-26

Mar 16 2026 - Weekly Reports
2
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Mar 09 2026 - Weekly Reports
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Next Week At A Glance – 9-13 Mar 2026

Mar 06 2026 - Weekly Reports

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