Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Average dividend payer and slightly overvalued.
Share Price & News
How has Macquarie Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MQG's share price has been volatile over the past 3 months.
7 Day Return
AU Capital Markets
1 Year Return
AU Capital Markets
Return vs Industry: MQG underperformed the Australian Capital Markets industry which returned -3.1% over the past year.
Return vs Market: MQG exceeded the Australian Market which returned -10.5% over the past year.
Price Volatility Vs. Market
How volatile is Macquarie Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StEarnings Miss: Macquarie Group Limited Missed EPS By 7.1% And Analysts Are Revising Their Forecasts
1 month ago | Simply Wall StHere's Why We Think Macquarie Group (ASX:MQG) Is Well Worth Watching
1 month ago | Simply Wall StHow Much Are Macquarie Group Limited (ASX:MQG) Insiders Spending On Buying Shares?
Is Macquarie Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MQG (A$110.49) is trading above our estimate of fair value (A$104.94)
Significantly Below Fair Value: MQG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MQG is good value based on its PE Ratio (14x) compared to the Capital Markets industry average (17.1x).
PE vs Market: MQG is good value based on its PE Ratio (14x) compared to the Australian market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: MQG is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: MQG is overvalued based on its PB Ratio (1.8x) compared to the AU Capital Markets industry average (1.7x).
How is Macquarie Group forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MQG's forecast earnings growth (9.7% per year) is above the savings rate (2.3%).
Earnings vs Market: MQG's earnings (9.7% per year) are forecast to grow slower than the Australian market (14.4% per year).
High Growth Earnings: MQG's earnings are forecast to grow, but not significantly.
Revenue vs Market: MQG's revenue (6.5% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: MQG's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MQG's Return on Equity is forecast to be low in 3 years time (13.5%).
How has Macquarie Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MQG has high quality earnings.
Growing Profit Margin: MQG's current net profit margins (21.4%) are lower than last year (22.8%).
Past Earnings Growth Analysis
Earnings Trend: MQG's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: MQG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MQG had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Capital Markets industry average (6.4%).
Return on Equity
High ROE: MQG's Return on Equity (12.5%) is considered low.
How is Macquarie Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: MQG's Assets to Equity ratio (11.7x) is moderate.
Allowance for Bad Loans: MQG has a low allowance for bad loans (46%).
Low Risk Liabilities: 71% of MQG's liabilities are made up of primarily higher risk sources of funding.
Loan Level: MQG has an appropriate level of Loans to Assets ratio (37%).
Low Risk Deposits: MQG's Loans to Deposits ratio (140%) is high.
Level of Bad Loans: MQG has a high level of bad loans (2.1%).
What is Macquarie Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MQG's dividend (3.89%) is higher than the bottom 25% of dividend payers in the Australian market (2.6%).
High Dividend: MQG's dividend (3.89%) is low compared to the top 25% of dividend payers in the Australian market (6.75%).
Stability and Growth of Payments
Stable Dividend: MQG's dividend payments have been volatile in the past 10 years.
Growing Dividend: MQG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.4%), MQG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MQG's dividends in 3 years are forecast to be covered by earnings (71.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Shemara Wikramanayake (58yo)
Ms. Shemara R. Wikramanayake, LLB, BCom (UNSW), has been an Executive Voting Director of Macquarie Group Limited and Macquarie Bank Ltd. since August 28, 2018. Ms. Wikramanayake has been Managing Director ...
CEO Compensation Analysis
Compensation vs Market: Shemara's total compensation ($USD9.90M) is above average for companies of similar size in the Australian market ($USD3.72M).
Compensation vs Earnings: Shemara's compensation has been consistent with company performance over the past year.
|CEO, MD & Executive Voting Director||1.5yrs||AU$14.91m||0.27% A$102.1m|
|CFO, Head of Financial Mgt Group & Executive Chairman of Macquarie Group||2.42yrs||AU$5.57m||0.013% A$4.9m|
|Executive Director||7.42yrs||AU$5.83m||0.0028% A$1.0m|
|Head of Banking & Financial Services Group and Deputy MD||8.5yrs||AU$8.67m||no data|
|Head of Commodities & Global Markets||13.42yrs||AU$13.90m||0.0014% A$531.1k|
|Chief Risk Officer & Head of Risk Management Group||no data||AU$6.11m||0.022% A$8.3m|
|Global Co-Head of Macquarie Capital||6.67yrs||AU$4.53m||0.0058% A$2.2m|
|Head of Principal Finance - Macquarie Capital||1.5yrs||AU$5.88m||no data|
|Global Co-Head of Macquarie Capital||no data||AU$8.47m||0.000050% A$18.7k|
|Head of Macquarie Asset Management||1.5yrs||AU$19.20m||0.013% A$5.0m|
Experienced Management: MQG's management team is considered experienced (4.5 years average tenure).
|CEO, MD & Executive Voting Director||1.5yrs||AU$14.91m||0.27% A$102.1m|
|Chairman of US Interests||14.5yrs||no data||no data|
|Independent Director||10.25yrs||AU$436.33k||0.0022% A$819.0k|
|Independent Director||9.08yrs||AU$373.00k||0.0028% A$1.1m|
|Member of the Telecom Board and Member of IT Advisory Board||no data||no data||no data|
|Vice Chairman of Macquarie Infrastructure and Real Assets (Mira) Limited||no data||no data||no data|
|Independent Chairman of the Board||4.17yrs||AU$890.00k||0.0044% A$1.6m|
|Independent Voting Director ( leave of absence)||2.58yrs||AU$341.67k||0.0011% A$430.1k|
|Independent Director||6.33yrs||AU$413.00k||0.0020% A$762.9k|
|Independent Director||7.58yrs||AU$425.00k||0.0022% A$804.1k|
Experienced Board: MQG's board of directors are considered experienced (7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MQG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.9%.
Macquarie Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Macquarie Group Limited
- Ticker: MQG
- Exchange: ASX
- Founded: 1969
- Industry: Diversified Capital Markets
- Sector: Diversified Financials
- Market Cap: AU$37.399b
- Shares outstanding: 340.09m
- Website: https://www.macquarie.com
Number of Employees
- Macquarie Group Limited
- 50 Martin Place
- Level 6
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MQG||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 1996|
|4M4||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 1996|
|MCQE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 1996|
|MQG||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jul 1996|
|MQBK.D||OTCPK (Pink Sheets LLC)||ADR NEW||US||USD||Jan 2014|
|MQGPC||ASX (Australian Securities Exchange)||FRN SUB PERP AUD1000||AU||AUD||Jun 2018|
Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CMG), and Macquarie Capital segments. The MAM segment is involved in the asset management business, which specializes in the infrastructure and renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions. The BFS segment offers personal banking products comprising home loans, credit cards, transaction and savings accounts, and vehicle finance; and wrap platform and cash management, financial advisory, and private banking and stockbroking services, as well as investment and superannuation products. It also provides deposit, lending, and payment solutions, as well as services to business clients, such as sole practitioners to corporate professional firms. The CGM segment offers products in the areas of equities, fixed income, foreign exchange, commodities and technology, media, and telecoms. The Macquarie Capital segment provides advisory and capital raising services. The company was founded in 1969 and is headquartered in Sydney, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 10:40|
|End of Day Share Price||2020/06/01 00:00|
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.