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MAF

MA Financial GroupASX:MAF Stock Report

Market Cap

AU$1.2b

7D

12.0%

1Y

100.5%

Updated

20 Oct, 2021

Data

Company Financials
MAF fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance5/6
Financial Health2/6
Dividends1/6

MAF Overview

MA Financial Group Limited, together with its subsidiaries, provides various financial services.

Price History & Performance

Summary of all time highs, changes and price drops for MA Financial Group
Historical stock prices
Current Share PriceAU$8.14
52 Week HighAU$3.77
52 Week LowAU$8.15
Beta1.84
1 Month Change14.65%
3 Month Change48.00%
1 Year Change100.49%
3 Year Change52.72%
5 Year Changen/a
Change since IPO158.41%

Recent News & Updates

Apr 18
Is Moelis Australia Limited (ASX:MOE) A Smart Pick For Income Investors?

Is Moelis Australia Limited (ASX:MOE) A Smart Pick For Income Investors?

Could Moelis Australia Limited ( ASX:MOE ) be an attractive dividend share to own for the long haul? Investors are...

Shareholder Returns

MAFAU Capital MarketsAU Market
7D12.0%3.4%1.7%
1Y100.5%23.2%20.2%

Return vs Industry: MAF exceeded the Australian Capital Markets industry which returned 23.2% over the past year.

Return vs Market: MAF exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is MAF's price volatile compared to industry and market?
MAF volatility
MAF Beta1.84
Industry Beta0.99
Market Beta1

Stable Share Price: MAF is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MAF's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009200Julian Bigginshttps://www.mafinancial.com

MA Financial Group Limited, together with its subsidiaries, provides various financial services. It operates through two segments, Asset Management, and Corporate Advisory and Equities. The Asset Management segment offers asset, fund, and investment management services to domestic and foreign high net worth and institutional investors.

MA Financial Group Fundamentals Summary

How do MA Financial Group's earnings and revenue compare to its market cap?
MAF fundamental statistics
Market CapAU$1.16b
Earnings (TTM)AU$31.86m
Revenue (TTM)AU$185.74m

37.9x

P/E Ratio

6.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAF income statement (TTM)
RevenueAU$185.74m
Cost of RevenueAU$21.48m
Gross ProfitAU$164.25m
ExpensesAU$132.40m
EarningsAU$31.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.21
Gross Margin88.43%
Net Profit Margin17.15%
Debt/Equity Ratio124.6%

How did MAF perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

67%

Payout Ratio

Valuation

Is MA Financial Group undervalued compared to its fair value and its price relative to the market?

37.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MAF (A$8.14) is trading above our estimate of fair value (A$2.84)

Significantly Below Fair Value: MAF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MAF is poor value based on its PE Ratio (37.9x) compared to the Australian Capital Markets industry average (17x).

PE vs Market: MAF is poor value based on its PE Ratio (37.9x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MAF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MAF is overvalued based on its PB Ratio (4.8x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is MA Financial Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.1%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MA Financial Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has MA Financial Group performed over the past 5 years?

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAF has high quality earnings.

Growing Profit Margin: MAF's current net profit margins (17.2%) are higher than last year (16.1%).


Past Earnings Growth Analysis

Earnings Trend: MAF's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: MAF's earnings growth over the past year (27.7%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: MAF earnings growth over the past year (27.7%) exceeded the Capital Markets industry 12.8%.


Return on Equity

High ROE: MAF's Return on Equity (12.8%) is considered low.


Financial Health

How is MA Financial Group's financial position?


Financial Position Analysis

Short Term Liabilities: MAF's short term assets (A$303.8M) exceed its short term liabilities (A$84.8M).

Long Term Liabilities: MAF's short term assets (A$303.8M) exceed its long term liabilities (A$287.0M).


Debt to Equity History and Analysis

Debt Level: MAF's debt to equity ratio (124.6%) is considered high.

Reducing Debt: Insufficient data to determine if MAF's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: MAF's debt is not well covered by operating cash flow (2.5%).

Interest Coverage: Insufficient data to determine if MAF's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is MA Financial Group current dividend yield, its reliability and sustainability?

1.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MAF's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.27%).

High Dividend: MAF's dividend (1.23%) is low compared to the top 25% of dividend payers in the Australian market (5.33%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MAF has been paying a dividend for less than 10 years.

Growing Dividend: MAF's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.2%), MAF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

Julian Biggins

1.58yrs

Tenure

AU$2,034,996

Compensation

Mr. Julian Biggin is a Co-Founder and has been its Executive Director at MA Financial Group Limited (formerly known as Moelis Australia Limited) since February 02, 2017 and served its Head of Real Estate A...


CEO Compensation Analysis

Compensation vs Market: Julian's total compensation ($USD1.52M) is above average for companies of similar size in the Australian market ($USD989.90K).

Compensation vs Earnings: Julian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MAF's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: MAF's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MAF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

MA Financial Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: MA Financial Group Limited
  • Ticker: MAF
  • Exchange: ASX
  • Founded: 2009
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$1.155b
  • Shares outstanding: 148.30m
  • Website: https://www.mafinancial.com

Number of Employees


Location

  • MA Financial Group Limited
  • Governor Phillip Tower
  • Level 27
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:04
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.