Loading...
Back to narrative

MAF: Future Returns Will Depend On Hyperdome Redevelopment Amid Fair Valuation

Retail Asset Acquisition And Revenue Outlook Will Drive Long-Term Performance

MAF logo
MAF
AnalystConsensusTarget
Not Invested
Published 09 Feb 2025

Update shared on 09 Dec 2025

Previous
n/a
n/a
AnalystConsensusTarget's Fair Value
n/a
Loading
1Y
76.1%
7D
6.5%

Analysts have modestly revised their price target for MA Financial Group, nudging it from $11.01 to $11.02 per share, citing stable fair value estimates supported by unchanged assumptions for the discount rate, revenue growth, profit margins, and future valuation multiples.

What's in the News

  • MA Financial Group has launched the MA Hyperdome Town Centre Fund to acquire and overhaul the Logan Hyperdome complex south of Brisbane for AUD 678 million, one of the largest retail asset transactions this year (Key Developments).
  • The acquisition, brokered off-market by CBRE, reflects a significant discount to the complex's peak valuation, highlighting pressure on larger managers facing redemptions and structural shifts in the shopping centre industry (Key Developments).
  • MA Financial plans to reposition the asset through an active management strategy, including upgrading the tenancy mix, activating dormant space, and targeting big-name retailers and non-retail uses to seek higher returns (Key Developments).
  • The manager is seeking to raise AUD 405 million for the MA Hyperdome Town Centre Fund, which will own the shopping centre, Hyperdome Home Centre, Loganholme Shopping Village, an office block, and multiple development sites across a 44ha precinct (Key Developments).
  • Planned value creation initiatives include leasing up Loganholme Shopping Village for potential sale, enhancing the night-time offering alongside an upgraded Event Cinemas, and selling surplus land to developers and potential anchor tenants such as Bunnings or Costco (Key Developments).

Valuation Changes

  • Fair Value Estimate remains unchanged at A$11.02 per share, indicating no material reassessment of intrinsic value.
  • The Discount Rate is steady at 11.72%, reflecting an unchanged view of MA Financial Group's risk profile and required return.
  • Revenue Growth is effectively unchanged at approximately minus 34.9%, with only immaterial rounding differences in the updated model.
  • The Net Profit Margin is effectively stable at approximately 41.1%, with negligible model refinements that do not alter the valuation narrative.
  • The Future P/E Multiple is steady at about 18.0x earnings, suggesting no change in expected market valuation of the business.

Have other thoughts on MA Financial Group?

Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.

Create Narrative

Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.