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

$9.48

04 Jul
2025

0.040

OPEN

$9.50

0.42%

HIGH

$9.73

1,064,952

LOW

$9.45

TARGET
$8.225 -13.2% downside
Franking for last dividend paid out: 85%
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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 131.9 85.0 xxx
DPS (cps) xxx 65.1 54.1 xxx
EPS Growth xxx 31.8% - 35.6% xxx
DPS Growth xxx - 44.2% - 16.9% xxx
PE Ratio xxx N/A 11.2 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 49.4% 63.7% xxx

Dividend yield today if purchased 3 years ago: 5.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.87

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 213.1218.3144.6206.9100.1131.9
DPS All 185.2214.9211.2179.0116.765.1
Sales/Revenue 577.3 M686.9 M699.1 M669.4 M381.2 M348.7 M
Book Value Per Share 416.6576.8541.9558.9534.1566.8
Net Operating Cash Flow 314.8 M398.0 M401.3 M434.6 M186.6 M47.4 M
Net Profit Margin 65.30 %57.68 %37.93 %57.21 %47.92 %68.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 55.66 %44.52 %26.05 %37.99 %18.36 %24.09 %
Return on Invested Capital 55.66 %44.15 %25.71 %37.58 %18.20 %23.94 %
Return on Assets 50.58 %40.69 %22.59 %31.17 %14.97 %20.87 %
Return on Equity 55.66 %44.52 %26.05 %37.99 %18.36 %24.09 %
Return on Total Capital 72.70 %57.18 %34.03 %39.68 %26.64 %32.90 %
Free Cash Flow ex dividends 26.8 M33.1 M2.5 M52.5 M-24.6 M-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 0 M2 M159 M3 M3 M3 M
Long Term Debt 0 M15 M12 M10 M8 M5 M
Total Debt 0 M17 M172 M13 M10 M8 M
Goodwill - Gross 105 M105 M103 M105 M106 M106 M
Cash & Equivalents - Generic 198 M438 M213 M422 M375 M324 M
Price To Book Value 12.2410.069.942.311.781.49

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 0.4 M0.3 M0.3 M0.3 M0.1 M0.5 M
Capex % of Sales 0.06 %0.04 %0.04 %0.04 %0.03 %0.13 %
Cost of Goods Sold 37 M82 M250 M30 M49 M93 M
Selling, General & Admin. Exp & Other 48 M91 M71 M202 M64 M-74 M
Research & Development ------
Investments - Total 339 M396 M453 M379 M421 M405 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

0.1

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

10/04/2025

5

Underweight

$6.30

-33.54%

Morgan Stanley highlights ongoing share and earnings pressures on asset managers due to markets. The broker remains cautious on Magellan Financial, although views most of the negative news as discounted in the share price.

The analyst prefers GQG Partners ((QGQ)), with the company trading at a lower valuation and having achieved more stable funds under management growth and higher inflows.

Morgan Stanley explains Magellan has the potential to be a turnaround story with a strong balance sheet. Mark-to-market forecasts for equity market movements to April 7, the analyst lowers EPS estimates by -2% for FY25 and -12% for FY26.

The target falls to $6.30 from $8.20. Underweight. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 50.90 cents and EPS of 81.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 33.60 cents and EPS of 62.70 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

09/04/2025

4

Underweight

$8.55

-9.81%

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
Weekly Ratings, Targets, Forecast Changes – 18-04-25

Apr 22 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Apr 09, 2025

Apr 09 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Apr 07, 2025

Apr 07 2025 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 04-04-25

Apr 07 2025 - Weekly Reports
5
Rudi’s View: Time For Appreciating Quality

Apr 02 2025 - Rudi's View

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