Magellan Financial Group Ltd (AU:MFG)
ASX:MFG
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Magellan Financial Group Ltd
(Sydney:MFG)
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Rating:71Outperform
Price Target:
AU$9.50
â–Ľ(-0.84% Downside)
Action:Reiterated
Date:10/25/25
Magellan Financial Group Ltd scores well due to its strong financial performance and attractive valuation. Despite declining revenue, the company maintains high profitability and a solid balance sheet. Technical indicators are mixed, suggesting a neutral market sentiment. The lack of earnings call and corporate events data limits further insights.
Positive Factors
Balance sheet strength
Magellan's extremely low leverage (debt/equity ~0.005) and healthy ROE provide durable financial flexibility. This minimizes refinancing and insolvency risk, supports capital returns or opportunistic investments, and strengthens resilience through market cycles over the next several months.
Negative Factors
Declining revenue trend
Sustained revenue declines reduce the core fee base that funds recurring earnings. Continued top-line contraction can erode economies of scale, pressure margins and free cash flow, and make it harder to sustain distributions or invest in growth initiatives over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Magellan's extremely low leverage (debt/equity ~0.005) and healthy ROE provide durable financial flexibility. This minimizes refinancing and insolvency risk, supports capital returns or opportunistic investments, and strengthens resilience through market cycles over the next several months.
Read all positive factors
Magellan Financial Group Ltd (MFG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.76B
Dividend Yield5.99%
Average Volume (3M)545.81K
Price to Earnings (P/E)11.8
Beta (1Y)0.85
Revenue Growth-12.42%
EPS Growth-36.36%
CountryAU
Employees100
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.80
Shares Outstanding185,769,380
10 Day Avg. Volume462,138
30 Day Avg. Volume545,807
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)1.52
Price to Sales (P/S)4.86
P/FCF Ratio9.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$9.31Price Target Upside-2.82% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)0.79
Revenue Forecast (FY)AU$227.70M
Magellan Financial Group Ltd Business Overview & Revenue Model
Company Description
Magellan Financial Group Limited operates as a publicly traded investment management firm. Its core strategy involves deploying capital into global equity markets and listed infrastructure assets across the world. The company was established in 20...
How the Company Makes Money
MFG primarily makes money by charging fees for managing client assets (assets under management, AUM). The core revenue streams are: (1) Management fees: recurring fees calculated as a percentage of AUM across its funds and mandates; these are typi...
Magellan Financial Group Ltd Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
75
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 283.70M | 313.54M | 348.67M | 381.15M | 669.43M | 699.07M |
| Gross Profit | 299.30M | 313.27M | 275.90M | 332.18M | 639.05M | 449.26M |
| EBITDA | 174.20M | 236.18M | 270.83M | 273.99M | 443.75M | 385.49M |
| Net Income | 139.96M | 165.02M | 238.76M | 182.66M | 383.01M | 265.16M |
Balance Sheet | ||||||
| Total Assets | 1.02B | 1.09B | 1.09B | 1.20B | 1.24B | 1.22B |
| Cash, Cash Equivalents and Short-Term Investments | 119.25M | 170.15M | 322.57M | 375.11M | 421.57M | 213.23M |
| Total Debt | 4.06M | 5.11M | 7.61M | 10.17M | 12.55M | 171.69M |
| Total Liabilities | 64.70M | 90.50M | 69.72M | 236.47M | 214.64M | 226.73M |
| Stockholders Equity | 953.23M | 1.00B | 1.02B | 962.50M | 1.03B | 989.43M |
Cash Flow | ||||||
| Free Cash Flow | 144.44M | 153.07M | 46.93M | 186.47M | 434.37M | 401.06M |
| Operating Cash Flow | 144.82M | 153.40M | 47.38M | 186.58M | 434.63M | 401.33M |
| Investing Cash Flow | 3.36M | -122.13M | 81.23M | 16.47M | 134.75M | -221.58M |
| Financing Cash Flow | -219.99M | -185.48M | -179.54M | -250.61M | -364.94M | -400.52M |
Magellan Financial Group Ltd Technical Analysis
Positive
9.58
Price Trends
9.17
Positive
9.19
Positive
9.27
Positive
Market Momentum
0.12
Negative
65.62
Neutral
77.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MFG, the sentiment is Positive. The current price of 9.58 is above the 20-day moving average (MA) of 8.84, above the 50-day MA of 9.17, and above the 200-day MA of 9.27, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 65.62 is Neutral, neither overbought nor oversold. The STOCH value of 77.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MFG.
Magellan Financial Group Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$1.76B | 11.85 | 14.31% | 5.99% | -12.42% | -36.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$3.92B | 30.32 | 13.61% | 3.45% | 11.69% | -15.05% | |
58 Neutral | AU$2.77B | 8.22 | 58.96% | 23.72% | 215.38% | -82.04% | |
50 Neutral | AU$1.85B | -112.25 | -1.00% | 6.01% | 2.23% | 96.71% | |
44 Neutral | AU$3.93B | 30.85 | 3.56% | 1.65% | -14.25% | -25.71% |
* Financial Sector Average
AU:MFG
Magellan Financial Group Ltd
9.59
1.95
25.54%
AU:AMP
AMP
1.61
0.42
35.64%
AU:PPT
Perpetual Limited
16.13
-0.04
-0.24%
AU:L1G
Platinum Asset Management Ltd
1.14
0.66
136.46%
AU:PNI
Pinnacle Investment Management Group Limited
17.36
-1.76
-9.21%
Magellan Financial Group Ltd Corporate Events
Magellan Chair Andrew Formica Increases Stake With On‑Market Share Purchase
May 26, 2026
Magellan Financial Group chairman Andrew Formica has increased his stake in the company through an on-market purchase of additional ordinary shares. The move lifts his direct and indirect holding in Magellan to 70,030 ordinary shares, alongside ex...
Magellan Hands Flagship Global Equities Funds to Vinva and Slashes Fees
May 4, 2026
Magellan Financial Group is overhauling its flagship global equities strategy by shifting the Magellan Global Fund Open Class Active ETF and the Magellan Global Fund Hedged to the Vinva Global Alpha Strategy, while retaining Magellan Asset Managem...
Magellan Director John Eales Adjusts Fund Holdings Without Changing Company Stake
Apr 23, 2026
Magellan Financial Group has disclosed changes in director John Eales’ interests, detailing movements in his holdings across several of the group’s managed funds and related investment vehicles. The filing shows an off-market transfer ...
Magellan Director John Eales Lifts Stake via Share Purchase Plan
Apr 10, 2026
Magellan Financial Group director John Eales has increased his direct and indirect stake in the company through participation in a share purchase plan. He acquired 498 fully paid ordinary shares at $8.45 each, lifting his holding to 81,352 Magella...
Magellan MD Rahmani Lifts Stake via Share Purchase Plan
Apr 10, 2026
Magellan Financial Group Ltd has disclosed a minor increase in managing director Sophia Rahmani’s direct holding of fully paid ordinary shares following participation in the company’s Share Purchase Plan. Rahmani acquired 401 additiona...
Magellan Director Deborah Page Lifts Stake via Share Purchase Plan
Apr 10, 2026
Magellan Financial Group director Deborah Page has increased her direct and indirect holding in the company through participation in a share purchase plan. She acquired 622 additional ordinary fully paid shares in Magellan at $8.45 per share, lift...
Magellan Director Cathy Kovacs Increases Stake via Share Purchase Plan
Apr 10, 2026
Magellan Financial Group director Cathy Kovacs has increased her direct holding in the company through participation in a share purchase plan. She acquired 1,244 ordinary fully paid shares at $8.45 each on 1 April 2026, lifting her stake from 12,4...
Magellan director Andrew Formica lifts stake via share purchase plan
Apr 10, 2026
Magellan Financial Group director Andrew Formica has increased his stake in the company through a purchase of 3,550 ordinary shares under a share purchase plan. The on-market transaction, executed at $8.45 per share on 1 April 2026, lifts his dire...
Magellan Investors Back Share Issuance to Barrenjoey and Barclays Affiliate
Apr 10, 2026
Magellan Financial Group shareholders have approved the issuance of consideration shares to the Barrenjoey parties and an affiliate of Barclays at the company’s 2026 extraordinary general meeting. The resolution passed comfortably on a poll,...
Magellan Details 2026 EGM on Proposed Barrenjoey Merger
Apr 10, 2026
Magellan Financial Group has released the presentation slides and proxy summary for its 2026 Extraordinary General Meeting. The meeting centres on a proposed merger between Magellan and financial services firm Barrenjoey, signalling a potential st...
Magellan Seeks Shareholder Backing for Barrenjoey Merger to Build Diversified Financial Group
Apr 9, 2026
Magellan Financial Group’s chairman told shareholders at an extraordinary general meeting that the company is pursuing a strategy to become a more diversified financial services group, reducing reliance on a single revenue stream while remai...
Magellan Securities Lapse Trims Potential Future Equity Dilution
Apr 7, 2026
Magellan Financial Group has reported the lapse of several classes of conditional equity securities, including matching awards, employee equity grants, long-term incentive plan rights and options expiring in April 2027. In total, more than 330,000...
Magellan Defends Barrenjoey Capital Strength and Clarifies Merger Dividend Terms
Apr 2, 2026
Magellan Financial Group has addressed market commentary surrounding the balance sheet strength of its associate Barrenjoey Capital Partners and the treatment of dividends ahead of their proposed merger. The firm said Barrenjoey’s equity ros...
Magellan Seeks ASX Quotation for Newly Issued Securities
Apr 1, 2026
Magellan Financial Group Ltd has applied to the ASX for quotation of a new batch of securities that have already been issued as part of a previously flagged transaction. The securities were issued and the application lodged on 1 April 2026, follow...
Magellan Raises $20m in Oversubscribed Share Purchase Plan
Mar 30, 2026
Magellan Financial Group has successfully completed its share purchase plan, raising the targeted $20 million through the issue of approximately 2.37 million new shares at $8.45 each to eligible shareholders. The offer was priced in line with the ...
Magellan SPP Heavily Oversubscribed as Group Details Long-Term Vesting for Barrenjoey Staff
Mar 26, 2026
Magellan Financial Group has closed its Share Purchase Plan, which was heavily oversubscribed, and will proceed with issuing $20 million in new shares in line with its stated target. Further details on the capital raising will follow, underscoring...
Magellan Director Peeyush Gupta Buys First Stake in Company Shares
Mar 19, 2026
Magellan Financial Group has disclosed a change in director Peeyush Gupta’s interests, with Gupta acquiring 24,400 fully paid ordinary shares in the company. The on-market purchase, made indirectly through Anisam Pty Ltd as trustee of the Gu...
Magellan Finalises A$165 Million On-Market Share Buy-Back
Mar 18, 2026
Magellan Financial Group Limited has completed its on-market share buy-back program involving its ordinary fully paid shares, first announced in March 2022, with the final notification lodged on 19 March 2026. The company repurchased a total of 18...
Magellan Financial Group Exits Substantial Holder Status in Aspen Group
Mar 17, 2026
Magellan Financial Group Ltd has notified Aspen Group Limited that it has ceased to be a substantial holder in the company as of 13 March 2026. The filing indicates changes in Magellan’s relevant interest in Aspen’s voting securities, ...
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.