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MA Financial Group Limited (AU:MAF)
ASX:MAF
Australian Market
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MA Financial Group Limited (MAF) AI Stock Analysis

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AU:MAF

MA Financial Group Limited

(Sydney:MAF)

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Neutral 45 (OpenAI - 4o)
Rating:45Neutral
Price Target:
AU$9.00
▼(-10.80% Downside)
The overall stock score reflects significant financial challenges, including declining revenue, high leverage, and liquidity issues. Technical indicators are mixed, showing no strong momentum, and the valuation suggests potential overvaluation. These factors combined indicate a cautious outlook for the stock.
Positive Factors
Diversified Revenue Streams
MA Financial Group's diversified revenue streams across private equity, real estate, and credit strategies provide resilience against sector-specific downturns and enhance long-term earnings stability.
Market Presence
A strong market presence and focus on sustainable growth position MA Financial Group to capitalize on long-term industry trends and client demand for tailored financial solutions.
Strategic Partnerships
Strategic partnerships with institutional investors bolster MA Financial Group's capital attraction capabilities, supporting growth initiatives and competitive positioning in the financial services industry.
Negative Factors
High Leverage
High leverage with a debt-to-equity ratio of 10.91 poses financial stability risks, potentially limiting MA Financial Group's ability to invest in growth opportunities and manage economic downturns.
Declining Revenue
A 64% decline in revenue indicates significant challenges in maintaining market competitiveness and operational efficiency, affecting long-term growth prospects and profitability.
Liquidity Concerns
Persistent negative free cash flow trends highlight liquidity issues, which could impair MA Financial Group's ability to sustain operations and invest in future growth without strategic financial adjustments.

MA Financial Group Limited (MAF) vs. iShares MSCI Australia ETF (EWA)

MA Financial Group Limited Business Overview & Revenue Model

Company DescriptionMA Financial Group Limited (MAF) is an Australian financial services firm that operates across multiple sectors, including investment management, corporate advisory, and wealth management. The company specializes in providing tailored financial solutions to institutional and retail clients, utilizing its expertise in private equity, real estate, and credit investments. MAF aims to deliver superior returns through innovative strategies and a strong market presence, focusing on sustainable growth and value creation.
How the Company Makes MoneyMA Financial Group generates revenue primarily through its various financial services, which include management fees from investment funds, performance fees based on the returns generated for clients, and transaction fees from corporate advisory services. The company's revenue model is diversified across its core segments, with significant contributions from private equity investments, real estate funds, and credit strategies. Key revenue streams include ongoing management fees for asset management services, success fees for advisory roles in mergers and acquisitions, and carried interest from investment performance. Additionally, strategic partnerships with institutional investors and financial institutions enhance MAF's ability to attract capital, thereby boosting its earnings potential.

MA Financial Group Limited Financial Statement Overview

Summary
MA Financial Group is facing significant financial challenges. Revenue has drastically declined by 64%, and the company is heavily leveraged with a debt-to-equity ratio of 10.91. Cash flow issues are prominent, with negative free cash flow trends and liquidity concerns. These factors indicate a need for strategic improvements in profitability, debt reduction, and liquidity enhancement.
Income Statement
45
Neutral
MA Financial Group exhibited a significant fluctuation in revenue and profit margins over the years. The recent year saw a drastic decline in revenue by approximately 64% compared to the previous year. The gross profit margin for the latest year was 100%, as the reported gross profit equaled total revenue. However, the net profit margin was around 13%, indicating challenges in maintaining profitability. The absence of EBIT and EBITDA figures could raise concerns about operational efficiency.
Balance Sheet
40
Negative
The balance sheet reveals a high debt-to-equity ratio of approximately 10.91, indicating a heavy reliance on debt financing, which poses a risk in terms of financial stability. The equity ratio stands at about 6.93%, suggesting limited equity in the company's capital structure. Return on Equity (ROE) was around 10%, reflecting moderate returns for shareholders, but the high leverage remains a concern.
Cash Flow
30
Negative
The cash flow statement indicates challenges in cash management, with negative free cash flow trends over the past years, and significant negative operating cash flow in recent periods. The absence of operating cash flow in the latest figures and consistently negative free cash flow highlight liquidity issues. The company needs to address these to ensure sustainable operations.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.25B1.21B875.04M778.15M241.98M175.84M
Gross Profit916.37M316.08M872.38M317.40M212.53M156.99M
EBITDA407.94M318.06M173.46M118.72M70.80M63.69M
Net Income35.91M41.79M28.52M44.85M32.04M26.48M
Balance Sheet
Total Assets8.47B6.02B3.57B2.25B872.87M569.34M
Cash, Cash Equivalents and Short-Term Investments448.10M231.29M341.55M311.69M250.20M160.89M
Total Debt4.79B4.56B2.23B1.01B416.61M273.44M
Total Liabilities8.06B5.60B3.11B1.84B502.84M332.49M
Stockholders Equity407.56M417.53M397.54M409.59M370.03M236.86M
Cash Flow
Free Cash Flow-1.97B-9.33M-1.13B-296.66M-44.75M29.57M
Operating Cash Flow-1.96B-2.46M-1.13B-283.80M-42.55M29.97M
Investing Cash Flow-128.35M4.41M19.29M-127.36M-162.60M-66.10M
Financing Cash Flow2.31B-6.32M-3.93M311.28M201.87M45.25M

MA Financial Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price10.09
Price Trends
50DMA
9.43
Positive
100DMA
9.10
Positive
200DMA
8.10
Positive
Market Momentum
MACD
0.14
Negative
RSI
59.12
Neutral
STOCH
83.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAF, the sentiment is Positive. The current price of 10.09 is above the 20-day moving average (MA) of 9.64, above the 50-day MA of 9.43, and above the 200-day MA of 8.10, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 59.12 is Neutral, neither overbought nor oversold. The STOCH value of 83.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MAF.

MA Financial Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
€1.62B10.3216.50%6.12%-13.22%-29.69%
69
Neutral
AU$670.58M20.758.50%4.45%4.26%79.41%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
65
Neutral
AU$1.93B23.375.59%6.18%38.64%-21.14%
50
Neutral
€2.14B-36.17-3.34%6.06%2.87%87.93%
45
Neutral
AU$1.78B42.848.97%1.98%35.30%44.24%
44
Neutral
AU$4.50B24.864.59%1.69%-14.92%179.69%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MAF
MA Financial Group Limited
10.09
4.06
67.33%
AU:AMP
AMP
1.78
0.19
11.95%
AU:MFG
Magellan Financial Group Ltd
9.71
-0.52
-5.06%
AU:PPT
Perpetual Limited
18.99
-1.65
-8.01%
AU:CNI
Centuria Capital Group
2.13
0.38
21.71%
AU:EQT
EQT Holdings Ltd.
24.95
-5.29
-17.49%

MA Financial Group Limited Corporate Events

MA Financial Group to Release Shares from Voluntary Escrow
Nov 24, 2025

MA Financial Group Limited announced that 2,503,238 ordinary shares will be released from voluntary escrow on December 1, 2025. This release is linked to the acquisition of IP Generation, reflecting a strategic move to integrate and expand its operations, potentially enhancing its market position and stakeholder value.

MA Financial Expands Real Estate Holdings with Hyperdome Acquisition
Nov 24, 2025

MA Financial Group Limited has announced its acquisition of the Hyperdome Town Centre in Queensland for $678.7 million, marking a significant expansion in its real estate portfolio. This acquisition, alongside the early closure of its MA Credit Portfolio Notes raising, highlights the company’s robust investment and distribution capabilities, positioning it strongly in the market with a proforma AUM of $14.7 billion. The Hyperdome acquisition will be funded through $405 million raised from non-institutional investors, showcasing the strength of MA Financial’s distribution network. The MA Credit Portfolio Notes, which closed ahead of schedule due to strong demand, will provide exposure to a diversified portfolio of private credit investments, further expanding the company’s financial product offerings.

MA Financial Group Unveils Strategic Initiatives at UBS Conference
Nov 9, 2025

MA Financial Group Limited announced two strategic initiatives at the UBS Australasia Investor Conference. The company is conducting due diligence to acquire the Hyperdome Town Centre in Loganholme, a significant retail landholding in Queensland, which is intended for a high net worth syndicate. Additionally, MA Financial’s subsidiary, MA Credit Portfolio Holdings Limited, plans to offer secured, deferrable, redeemable, floating rate notes on the ASX, with a pathfinder prospectus already lodged with ASIC. These initiatives could enhance the company’s market position and offer new investment opportunities for stakeholders.

MA Financial Group Reports Strong Q3 Growth and Strategic Acquisitions
Oct 22, 2025

MA Financial Group Limited reported significant growth in its third-quarter 2025 operating update, with record gross fund inflows and a substantial increase in assets under management. The company announced plans to acquire Top Ryde City Shopping Centre for $525 million and is conducting due diligence on additional real estate assets. The Group’s lending and technology platform, Finsure, also saw a notable rise in managed loans and broker numbers, contributing to the company’s positive business momentum and expected higher earnings per share in the second half of 2025.

MA Financial and Keppel REIT Acquire Top Ryde City Shopping Centre for $525 Million
Oct 8, 2025

MA Financial Group, in partnership with Keppel REIT, has acquired the Top Ryde City Shopping Centre in Sydney for $525 million. This acquisition underscores MA Financial’s robust real estate capabilities and its strategic expansion in the retail sector. The Centre, a significant retail hub with high customer visitation, was acquired at a 45% discount to its estimated replacement cost, promising a fully leased yield of approximately 7.2%. The partnership aims to leverage the Centre’s social infrastructure characteristics to deliver strong investor returns amid favorable real estate cycle conditions.

MA Financial Group Limited Announces Cessation of Securities
Oct 3, 2025

MA Financial Group Limited announced the cessation of 183,334 securities, which were canceled by agreement between the entity and the holder on August 27, 2025. This move may impact the company’s issued capital structure and reflects strategic decisions in managing its financial instruments, potentially affecting its market positioning and stakeholder interests.

MA Financial Group Issues Unquoted Securities Under Employee Incentive Scheme
Oct 3, 2025

MA Financial Group Limited has announced the issuance of unquoted securities under an employee incentive scheme. These securities, known as Share Appreciation Rights, are subject to restrictions on transfer and will not be quoted on the ASX until the restrictions end. The issuance includes a total of 199,847 securities, with issue dates in May and July 2025. This move is part of the company’s strategy to incentivize employees, potentially impacting its operational dynamics and aligning employee interests with company performance.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 23, 2025