Stock MFG MAGELLAN FINANCIAL GROUP LIMITED
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Financials Magellan Financial Group Limited

Equities

MFG

AU000000MFG4

Investment Management & Fund Operators

Market Closed - Australian S.E.
Other stock markets
 02:10:42 2024-04-26 am EDT 		5-day change 1st Jan Change
8.69 AUD -5.13% Intraday chart for Magellan Financial Group Limited -0.34% -6.36%
Mar. 06 Magellan Financial Group Grows Funds Under Management as of End-February; Shares Jump 8% MT
Feb. 16 Jarden Adjusts Magellan Financial Group Price Target to AU$8.40 From AU$7.80, Keeps at Neutral MT

Valuation

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,031 10,574 9,899 2,392 1,722 1,571 - -
Enterprise Value (EV) 1 8,833 10,152 9,701 1,983 1,357 1,222 1,199 1,168
P/E ratio 23.9 x 26.6 x 37.2 x 6.24 x 9.49 x 9.69 x 12.2 x 12.3 x
Yield 2.98% 3.7% 3.92% 13.9% 9.14% 6.94% 6.21% 5.69%
Capitalization / Revenue 15.6 x 15.2 x 13.8 x 4.32 x 3.99 x 5.24 x 5.95 x 6.09 x
EV / Revenue 15.3 x 14.6 x 13.6 x 3.58 x 3.14 x 4.08 x 4.54 x 4.53 x
EV / EBITDA 18.6 x 17.6 x 16.3 x 3.78 x 5.59 x 5.58 x 7.21 x 7.34 x
EV / FCF 28.1 x 25.5 x 24.2 x 4.57 x 7.28 x 10.4 x 8.69 x 8.69 x
FCF Yield 3.56% 3.92% 4.13% 21.9% 13.7% 9.59% 11.5% 11.5%
Price to Book 12.3 x 10.1 x 9.98 x 2.33 x 1.79 x 1.64 x 1.6 x 1.55 x
Nbr of stocks (in thousands) 177,087 182,280 183,794 185,159 181,432 180,746 - -
Reference price 2 51.00 58.01 53.86 12.92 9.490 8.690 8.690 8.690
Announcement Date 8/12/19 8/11/20 8/16/21 8/16/22 8/17/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 577.3 694 715 553.5 431.6 299.9 264 257.7
EBITDA 1 475.7 577.7 595.8 524.1 242.8 219.1 166.3 159.1
EBIT 1 470.7 570.6 588.7 517 240.3 218.2 163.2 157
Operating Margin 81.55% 82.23% 82.34% 93.4% 55.67% 72.75% 61.84% 60.92%
Earnings before Tax (EBT) 1 493.3 515.1 337.2 496 223.8 236.2 182.9 181
Net income 1 376.9 396.2 265.2 383 182.7 167.2 130.2 128.2
Net margin 65.3% 57.09% 37.08% 69.19% 42.33% 55.74% 49.33% 49.73%
EPS 2 2.131 2.183 1.446 2.069 1.000 0.8966 0.7099 0.7055
Free Cash Flow 1 314.4 397.8 401.1 434.4 186.5 117.2 138 134.4
FCF margin 54.47% 57.32% 56.09% 78.47% 43.2% 39.08% 52.28% 52.15%
FCF Conversion (EBITDA) 66.1% 68.85% 67.31% 82.88% 76.81% 53.49% 82.98% 84.47%
FCF Conversion (Net income) 83.41% 100.4% 151.25% 113.41% 102.06% 70.1% 105.99% 104.88%
Dividend per Share 2 1.518 2.149 2.112 1.790 0.8670 0.6031 0.5398 0.4944
Announcement Date 8/12/19 8/11/20 8/16/21 8/16/22 8/17/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 364.2 329.8 327.1 387.9 384 169.5 199.4 232.3 169.3 145.5 139 134.1 130.6 134.2
EBITDA 282.8 294.9 277.5 318.3 303.8 201.4 129.8 113 104.5 - - - - -
EBIT 1 279.4 - - 314.8 302.5 197.8 - 100.5 102.6 82.66 78.68 70.78 68.69 -
Operating Margin 76.73% - - 81.15% 78.77% 116.72% - 43.29% 60.6% 56.82% 56.6% 52.77% 52.59% -
Earnings before Tax (EBT) 1 - 263.2 - 77.16 327.9 - 116.9 106.9 - 95.06 - - - -
Net income 1 195.7 200.5 202.3 62.83 251.6 131.4 83.76 98.94 104.1 73.18 - - - -
Net margin 53.73% 60.81% 61.85% 16.2% 65.52% 77.52% 42.01% 42.6% 61.46% 50.3% - - - -
EPS 2 1.082 1.101 1.106 0.3400 1.363 0.7060 0.4560 0.5440 0.5740 0.3891 0.3700 0.3400 0.3300 -
Dividend per Share 2 0.9290 1.220 0.9710 1.141 1.101 0.6890 0.4690 0.3980 - 0.1590 0.3565 0.0590 0.4020 0.0560
Announcement Date 2/12/20 8/11/20 2/10/21 8/16/21 2/17/22 8/16/22 2/15/23 8/17/23 2/14/24 - - - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 198 422 199 409 365 348 372 402
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 314 398 401 434 186 117 138 134
ROE (net income / shareholders' equity) 53.8% 49.2% 40.5% 39.7% 17.5% 16.6% 12.6% 11.9%
ROA (Net income/ Total Assets) 49.4% 45.6% 35.3% 32.5% 14.3% 13.3% 11.2% 10.9%
Assets 1 763.4 869.7 751.8 1,177 1,279 1,259 1,165 1,171
Book Value Per Share 2 4.150 5.740 5.400 5.550 5.310 5.310 5.420 5.610
Cash Flow per Share 2 1.780 2.190 2.190 2.350 1.020 0.5500 0.7000 0.6800
Capex 1 0.37 0.26 0.27 0.26 0.11 0.83 0.23 0.9
Capex / Sales 0.06% 0.04% 0.04% 0.05% 0.03% 0.28% 0.09% 0.35%
Announcement Date 8/12/19 8/11/20 8/16/21 8/16/22 8/17/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Magellan Financial Group Limited

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
11
Last Close Price
8.69 AUD
Average target price
8.885 AUD
Spread / Average Target
+2.24%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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  4. Financials Magellan Financial Group Limited