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

$9.08

20 Feb
2025

-1.020

OPEN

$9.83

-10.10%

HIGH

$9.83

2,441,993

LOW

$8.75

TARGET
$9.548

-0.36 change from previous day

 5.1% upside
Franking for last dividend paid out: 50%
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 78.4 xxx
DPS (cps) xxx 65.1 57.2 xxx
EPS Growth xxx 31.8% - 40.6% xxx
DPS Growth xxx - 44.2% - 12.1% xxx
PE Ratio xxx N/A 11.4 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 49.4% 73.0% xxx

Dividend yield today if purchased 3 years ago: 3.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.27

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

-0.5

No. Of Recommendations

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

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

09/01/2025

3

Hold

$11.64

28.19%

Morgans marks-to-market financial services stocks and notes Magellan Financial ended December 2024 with FUM of $38.6bn, a decline of -1.3% for the month and a rise of 5.5% in 1H25.

The analyst lifts EPS forecasts by 4.7% for FY25 and 2.3% for FY26 on higher expected FUM.

Magellan Financial is Hold rated with an $11.64 target price.

FORECAST
Morgans forecasts a full year FY25 dividend of 66.00 cents and EPS of 86.30 cents.
Morgans forecasts a full year FY26 dividend of 68.00 cents and EPS of 88.90 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$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

Jarden

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

15/01/2025

3

Neutral

$11.00

21.15%

Ahead of Magellan Financial's 1H25 result on February 20, Goldman Sachs is optimistic about value crystallization through capital management, earnings improvement from Magellan's associates, and broadly stable underlying net flow. 

On the downside, the broker notes Magellan's performance remains below benchmarks, growth is negative despite stable flows and the company requires investment to grow.

The broker will be looking at capital management strategy, fee margins, expectations on flow and new product launches, expenses and performance of associates.

No change to Neutral rating. Target price is $11.0.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 65.00 cents and EPS of 78.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 52.00 cents and EPS of 75.00 cents.
Access Extra Coverage Research History >

MFG STOCK CHART

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