How does MFG's PE Ratio compare to its peers?

MFG is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (26.4x).

How does MFG's PE Ratio compare vs other companies in the AU Capital Markets Industry?

MFG is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Australian Capital Markets industry average (20x).

What is MFG's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MFG is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).

What is the Fair Price of MFG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

MFG (A$10.57) is trading below our estimate of [[fair value]] (A$15.64)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

Magellan Financial Group (CHIA:MFG) - Stock Price, News & Analysis

MFG Stock Overview

A publicly owned investment manager. More details

MFG fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 32.4% below our estimate of its fair value

Earnings grew by 30.7% over the past year

Trading at good value compared to peers and industry

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 9.2% per year for the next 3 years

Dividend of 6.07% is not well covered by free cash flows

Magellan Financial Group Limited Competitors

Australian United Investment

ASX:AUI

AU$1.3b

Regal Partners

ASX:RPL

AU$1.4b

BKI Investment

ASX:BKI

AU$1.4b

Diversified United Investment

ASX:DUI

AU$1.2b

Price History & Performance

Summary of all time highs, changes and price drops for Magellan Financial Group
Historical stock prices
Current Share Price	AU$10.57
52 Week High	AU$11.49
52 Week Low	AU$7.23
Beta	0.97
11 Month Change	-5.71%
3 Month Change	9.31%
1 Year Change	44.79%
33 Year Change	-68.83%
5 Year Change	-79.82%
Change since IPO	-14.69%

Recent updates

Shareholder Returns

	MFG	AU Capital Markets	AU Market
7D	3.0%	1.1%	1.5%
1Y	44.8%	37.0%	17.2%

Return vs Industry: MFG exceeded the Australian Capital Markets industry which returned 37% over the past year.

Return vs Market: MFG exceeded the Australian Market which returned 17.2% over the past year.

Price Volatility

Is MFG's price volatile compared to industry and market?
MFG volatility
MFG Average Weekly Movement	5.0%
Capital Markets Industry Average Movement	4.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: MFG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MFG's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	109	n/a	www.magellangroup.com.au

Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.

Magellan Financial Group Limited Fundamentals Summary

How do Magellan Financial Group's earnings and revenue compare to its market cap?
MFG fundamental statistics
Market cap	AU$1.89b
Earnings (TTM)	AU$238.76m
Revenue (TTM)	AU$378.54m

7.9x

P/E Ratio

5.0x

P/S Ratio

Is MFG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MFG income statement (TTM)
Revenue	AU$378.54m
Cost of Revenue	AU$72.77m
Gross Profit	AU$305.77m
Other Expenses	AU$67.01m
Earnings	AU$238.76m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.34
Gross Margin	80.78%
Net Profit Margin	63.07%
Debt/Equity Ratio	0%

How did MFG perform over the long term?

See historical performance and comparison

Dividends

6.1%

Current Dividend Yield

44%

Payout Ratio

MFG Stock Overview

Rewards

Risk Analysis

Magellan Financial Group Limited Competitors

ASX:AUI

AU$1.3b

ASX:RPL

AU$1.4b

ASX:BKI

AU$1.4b

ASX:DUI

AU$1.2b

Price History & Performance

Recent News & Updates

High number of new and inexperienced directors

Magellan Financial Group Limited Announces Board Changes

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Recent updates

High number of new and inexperienced directors

Magellan Financial Group Limited Announces Board Changes

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Final dividend of AU$0.36 announced

Magellan Financial Group Limited Announces Dividend for the Six Months Ended June 30, 2024, Payable on September 4, 2024

Magellan Financial Group Limited (ASX:MFG) acquired 29.50% stake in Vinva Investment Management Limited for approximately AUD 140 million.

Full year 2024 earnings released: EPS: AU$1.32 (vs AU$1.00 in FY 2023)

Key Executive recently sold AU$545k worth of stock

New minor risk - Insider selling

Investor sentiment improves as stock rises 17%

First half dividend of AU$0.29 announced

First half 2024 earnings released: EPS: AU$0.57 (vs AU$0.46 in 1H 2023)

Magellan Financial Group Limited to Report Fiscal Year 2024 Results on Aug 15, 2024

Executive Chairman recently bought AU$250k worth of stock

Magellan Financial Group Limited Appoints Andrew Formica as Executive Chairman, Effective 25 October 2023

Investor sentiment deteriorates as stock falls 21%

Magellan Financial Group Limited Announces Board Changes

Less than half of directors are independent

New major risk - Dividend sustainability

Magellan Financial Group Limited Declares A Final Dividend for the Six Months Ended 30 June 2023, Payable on 7 September 2023

Magellan Financial Group Limited Declares A Special Dividend in Respect of the Year Ended 30 June 2023, Payable on 7 September 2023

Full year 2023 earnings released: EPS: AU$1.00 (vs AU$2.07 in FY 2022)

Magellan Financial Group Limited Announces Board Changes

Now 24% undervalued

No independent directors

First half 2023 earnings released: EPS: AU$0.46 (vs AU$1.36 in 1H 2022)

Magellan Financial Group Limited Announces Dividend for the Six Months Period Ending December 31, 2022, Payable on 8 March 2023

Magellan Financial Group Limited Appoints David Dixon as A Non-Executive Director

Magellan Financial Group Limited to Report First Half, 2023 Results on Feb 16, 2023

Magellan Financial Group Limited, Annual General Meeting, Oct 19, 2023

Insider recently sold AU$17m worth of stock

Magellan Financial Group Limited to Appoint David Dixon to the Board

Magellan Financial Group Limited Announces Investment Team Leadership Changes

Magellan Financial Group Limited Announces Retirement of Karen Phin as Independent Non-Executive Director

Full year 2022 earnings released: EPS: AU$2.07 (vs AU$1.45 in FY 2021)

Magellan Financial Group Limited Declares Dividend for the Six Months Ended June 30, 2022, Payable on Sep. 6, 2022

Investor sentiment improved over the past week

Magellan Asset Management Limited and Magellan Financial Group Limited Appoints David George to the Board

Insider recently sold AU$9.8m worth of stock

Barrenjoey Capital Partners acquired 11.6% of Guzman y Gomez Pty Ltd from Magellan Financial Group Limited (ASX:MFG) for AUD 146 million.

Investor sentiment deteriorated over the past week

Magellan Financial Group Limited Announces Resignation of Mariana Kolaroski as Joint Company Secretary

Magellan Financial Group Limited Appoints Mr. David George as Managing Director

Barrenjoey Capital Partners entered into an agreement to acquire 11.6% of Guzman y Gomez Pty Ltd from Magellan Financial Group Limited (ASX:MFG) for AUD 146 million.

Magellan Financial Group Limited(ASX:MFGO) dropped from FTSE All-World Index (USD)

Investor sentiment deteriorated over the past week

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat