MACQUARIE GROUP LIMITED (MQG)
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MQG - MACQUARIE GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: March
GICS Industry Group : Diversified Financials
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Macquarie Group is an Australian multinational investment bank and financial services company operating in 25 countries. It is one of the world's largest infrastructure asset managers with over $495bn in AUM. It was founded in 1969 and listed in November 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$223.67

23 Dec
2024

4.770

OPEN

$221.06

2.18%

HIGH

$223.67

299,744

LOW

$220.01

TARGET
$224.442 0.3% upside
Franking for last dividend paid out: 40%
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FNARENA'S MARKET CONSENSUS FORECASTS
MQG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 916.6 1028.2 xxx
DPS (cps) xxx 640.0 646.0 xxx
EPS Growth xxx - 32.3% 12.2% xxx
DPS Growth xxx - 14.7% 0.9% xxx
PE Ratio xxx N/A 21.7 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 69.8% 62.8% xxx

Dividend yield today if purchased 3 years ago: 3.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.86

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: 13/11 - ex-div 255c (franking 40%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx916.6
DPS All xxxxxxxxxxxxxxx640.0
Sales/Revenue xxxxxxxxxxxxxxx29,872.0 M
Book Value Per Share xxxxxxxxxxxxxxx9,171.6
Net Operating Cash Flow xxxxxxxxxxxxxxx-7,125.0 M
Net Profit Margin xxxxxxxxxxxxxxx11.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx10.16 %
Return on Invested Capital xxxxxxxxxxxxxxx2.92 %
Return on Assets xxxxxxxxxxxxxxx0.85 %
Return on Equity xxxxxxxxxxxxxxx10.16 %
Return on Total Capital xxxxxxxxxxxxxxx1.84 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-11,744.0 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 xxxxxxxxxxxxxxx62,125 M
Long Term Debt xxxxxxxxxxxxxxx85,471 M
Total Debt xxxxxxxxxxxxxxx147,596 M
Goodwill - Gross xxxxxxxxxxxxxxx2,408 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx90,271 M
Price To Book Value xxxxxxxxxxxxxxx2.18

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,957.0 M
Capex % of Sales xxxxxxxxxxxxxxx6.55 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,649 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx76,369 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgans

18/11/2024

3

Hold

$217.21

-2.89%

Morgans highlights Macquarie Group's 1H25 net profit came in approximately -3% below consensus but rose 14% compared to the previous corresponding period or about 23% on the previous half.

Management guided towards a softer outlook for Macquarie Capital and Commodities and Global Markets. The bank's capital position remains robust, with a CET1 ratio of 12.8%, and the buyback has been extended for another 12 months for an additional $1bn out of the $2bn.

Morgans emphasises the bank's 2H earnings bias, with management highlighting the ongoing transition of green assets off the balance sheet into Macquarie Asset Management. The Macquarie Capital investment portfolio is now less mature, indicating the bank remains in an investment phase.

The analyst lowers EPS estimates by -1% to -6% for FY25 and FY26, respectively.

Due to the strong rise in the share price and valuation, Morgans retains a Hold rating. The target price increases to $217.21 from $192.10.

FORECAST
Morgans forecasts a full year FY25 dividend of 648.00 cents and EPS of 1016.00 cents.
Morgans forecasts a full year FY26 dividend of 727.00 cents and EPS of 1148.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$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

Goldman Sachs

16/10/2024

-1

No Rating

-

As a result of analyst Andrew Lyons leaving the employ of Goldman Sachs, the broker is suspending research coverage of Macquarie Group.

The former rating, target, and forecasts no longer apply.
Access Extra Coverage Research History >

MQG STOCK CHART

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