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$11.50
▲(20.04% Upside)
Action:ReiteratedDate: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
Fee-based asset management model
Magellan’s core fee-based model generates recurring management fees tied to assets under management, with supplementary performance fees. That structure delivers predictable, scalable revenue and operating leverage over time, supporting durable cash flows and reinvestment capacity.
Negative Factors
Declining revenue base
Material revenue decline shrinks the recurring fee base that underpins long-term earnings. If FUM or client flows do not recover, persistent revenue contraction will reduce management fee income, limit operating leverage benefits, and constrain capacity to fund growth or distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Fee-based asset management model
Magellan’s core fee-based model generates recurring management fees tied to assets under management, with supplementary performance fees. That structure delivers predictable, scalable revenue and operating leverage over time, supporting durable cash flows and reinvestment capacity.
Read all positive factors
Magellan Financial Group Ltd (MFG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.91B
Dividend Yield5.99%
Average Volume (3M)545.81K
Price to Earnings (P/E)6.2
Beta (1Y)0.86
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$9.62Price Target Upside0.40% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)0.8
Revenue Forecast (FY)AU$231.97M
Magellan Financial Group Ltd Business Overview & Revenue Model
Company Description
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....
How the Company Makes Money
MFG primarily makes money by charging fees for managing client assets (funds under management, or FUM). The core revenue stream is management fees that are typically calculated as a percentage of FUM and accrue over time as long as assets remain i...
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
9.38
Positive
9.16
Positive
9.35
Positive
Market Momentum
-0.06
Positive
49.23
Neutral
21.08
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 below the 20-day moving average (MA) of 9.74, above the 50-day MA of 9.38, and above the 200-day MA of 9.35, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 49.23 is Neutral, neither overbought nor oversold. The STOCH value of 21.08 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$1.91B | 6.19 | 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$3.51B | 14.10 | 13.61% | 3.45% | 11.69% | -15.05% | |
58 Neutral | AU$3.00B | 1.91 | 58.96% | 23.72% | 215.38% | -82.04% | |
50 Neutral | AU$1.91B | 9.75 | -1.00% | 6.01% | 2.23% | 96.71% | |
44 Neutral | AU$3.72B | 32.88 | 3.56% | 1.65% | -14.25% | -25.71% |
* Financial Sector Average
AU:MFG
Magellan Financial Group Ltd
9.63
1.82
23.26%
AU:AMP
AMP
1.48
0.23
18.38%
AU:IFL
Insignia Financial Ltd
―
―
―
AU:PPT
Perpetual Limited
16.66
0.87
5.50%
AU:L1G
Platinum Asset Management Ltd
1.15
0.57
97.41%
AU:PNI
Pinnacle Investment Management Group Limited
16.21
-2.39
-12.84%
Magellan Financial Group Ltd Corporate Events
Magellan Calls EGM and Launches SPP to Fund Barrenjoey Merger
Mar 10, 2026
Magellan Financial Group has called an extraordinary general meeting for 10 April 2026 in Sydney, where shareholders will vote on issuing over 106 million new shares to fund its proposed merger with Barrenjoey Capital Partners. The board is unanim...
Magellan Calls April Extraordinary Meeting, Expands Remote Shareholder Access
Mar 5, 2026
Magellan Financial Group has called an extraordinary general meeting for 11:00 a.m. on 10 April 2026 at its Sydney headquarters, issuing a formal notice to shareholders that includes a chairman’s letter, an updated investor presentation, a p...
Magellan raises capital via institutional placement and prepares retail share purchase plan
Mar 5, 2026
Magellan Financial Group has completed a non-underwritten institutional placement, issuing 15,384,615 new fully paid ordinary shares at $8.45 each. This equity raising targets professional investors and forms part of a broader capital management i...
Magellan seeks ASX quotation for new securities tranche
Mar 4, 2026
Magellan Financial Group has lodged an application with the ASX for quotation of a new tranche of securities to be issued on 6 March 2026. The securities form part of a previously announced transaction detailed in an earlier Appendix 3B filing.The...
Magellan Financial Group Flags Proposed Issue of New Securities
Mar 1, 2026
Magellan Financial Group Ltd has lodged an Appendix 3B with the ASX, notifying the market of a proposed issue of securities under Listing Rule 3.10.3. The filing indicates MFG’s intention to have the new securities quoted on ASX, subject to ...
Magellan Files Proposed Securities Issue With ASX
Mar 1, 2026
Magellan Financial Group Ltd has lodged an Appendix 3B with the ASX outlining a proposed issue of securities, formally applying for quotation of the new securities on the exchange. The filing confirms that Magellan agrees to ASX’s terms for ...
Magellan to Merge with Barrenjoey in A$1.6bn Deal to Build Diversified Financial Services Group
Mar 1, 2026
Magellan Financial Group has agreed to merge with Barrenjoey Capital Partners, creating a diversified Australian financial services group spanning investment management, corporate finance, equities, fixed income and capital markets. Barrenjoey has...
Magellan Seeks Trading Halt Ahead of Merger and Capital Raising
Mar 1, 2026
Magellan Financial Group Ltd has requested an immediate trading halt in its securities on the ASX as it prepares to announce a proposed merger alongside a capital raising initiative. The halt is expected to remain in place until either the complet...
Magellan Financial Group Ceases to Be Substantial Holder in Amotiv Limited
Feb 2, 2026
Magellan Financial Group Ltd and its related entities have notified Amotiv Limited that they have ceased to be a substantial holder in the company as of 29 January 2026, indicating that their voting interest has fallen below the substantial holdin...
Magellan Sets 18 February Date for Half-Year Results and Investor Webcast
Jan 28, 2026
Magellan Financial Group has scheduled the release of its financial results for the half year to 31 December 2025 on 18 February 2026, with materials to be published on the ASX announcements platform the same day. The company will host a webcast b...
Magellan Financial Group Lapses Nearly 480,000 Equity Incentive Securities After Conditions Not Met
Jan 14, 2026
Magellan Financial Group has notified the market of the cessation of several classes of equity-linked securities after performance or vesting conditions were not met by 31 December 2025. The lapsed instruments include matching awards, employee equ...
Magellan Financial Group Posts Slight Dip in AUM to A$39.9bn at Year-End 2025
Jan 6, 2026
Magellan Financial Group reported total assets under management (AUM) of A$39.9 billion as at 31 December 2025, down slightly from A$40.2 billion at 30 September 2025, reflecting modest net outflows and largely flat market and fee impacts. Retail ...
Magellan Cancels 110,854 Shares Under On‑Market Buyback
Jan 1, 2026
Magellan Financial Group Limited has cancelled 110,854 ordinary fully paid shares as part of an on-market share buyback. The reduction in issued capital through this buyback may enhance earnings per share and capital management efficiency, signall...
Magellan Updates Market on Progress of On-Market Share Buy-Back
Jan 1, 2026
Magellan Financial Group Limited, an Australian-listed investment manager, focuses on global equity and infrastructure strategies for both institutional and retail clients, with its ordinary fully paid shares trading on the ASX under ticker MFG. T...
Magellan Cancels Over 100,000 Shares Under On‑Market Buy-Back
Dec 30, 2025
Magellan Financial Group Limited has cancelled 100,104 fully paid ordinary shares as part of its ongoing on-market buy-back program, effective 2 January 2026. The reduction in issued capital marginally increases ownership for remaining shareholder...
Magellan Updates Market on Progress of On‑Market Share Buy‑Back
Dec 30, 2025
Magellan Financial Group has provided a daily update on its ongoing on-market share buy-back, confirming that a total of 17,824,515 ordinary fully paid shares had been repurchased prior to the latest reporting day, with an additional 100,104 share...
Magellan Cancels 160,000 Shares Under On‑Market Buy-Back
Dec 29, 2025
Magellan Financial Group Limited has announced the cessation of 160,000 ordinary fully paid shares following their cancellation under an on-market share buy-back, effective 31 December 2025. The reduction in issued capital through this buy-back is...
Magellan Updates Market on Progress of On-Market Share Buy-Back
Dec 29, 2025
Magellan Financial Group Ltd has provided an updated daily notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares. As of 30 December 2025, the company reported that it had repurchased a total of ...
Magellan Cancels 160,000 Shares Under On‑Market Buyback
Dec 28, 2025
Magellan Financial Group Limited has announced the cessation of 160,000 ordinary fully paid shares following their cancellation under an on‑market share buyback completed on 30 December 2025. The reduction in issued capital through this buyb...
Magellan Continues On-Market Share Buy-Back Program
Dec 28, 2025
Magellan Financial Group Limited has continued its on-market share buy-back program for its ordinary fully paid shares, as disclosed in its latest Appendix 3C filing to the ASX. As of 29 December 2025, the company reported that it had repurchased ...
Magellan Cancels 160,000 Shares Under On-Market Buy-Back
Dec 23, 2025
Magellan Financial Group Limited has cancelled 160,000 ordinary fully paid shares as part of an on-market buy-back, effective 29 December 2025. The cessation of these securities reduces the company’s issued capital, which can be marginally a...
Magellan Updates Market on Progress of On-Market Share Buy-Back
Dec 23, 2025
Magellan Financial Group Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program involving its ordinary fully paid shares (ASX: MFG). As of this latest update dated 24 December 2025, the compa...
Magellan Financial Group Sets Out Indicative 2026 Financial Calendar
Dec 23, 2025
Magellan Financial Group Ltd has released its indicative key corporate dates for 2026, outlining the timetable for its half-year and full-year financial results announcements, investor briefings, dividend ex-dates, record and payment dates, as wel...
Magellan Cancels 160,000 Shares Under On‑Market Buy-Back
Dec 22, 2025
Magellan Financial Group Limited has cancelled 160,000 ordinary fully paid shares as part of an on-market share buy-back program, effective 24 December 2025. The reduction in issued capital through this buy-back is likely to marginally enhance ear...
Magellan Continues On‑Market Buy-Back With Daily Share Purchases
Dec 22, 2025
Magellan Financial Group Limited has provided a daily update on its ongoing on-market share buy-back program, reporting that a total of 17,184,515 ordinary fully paid shares had been repurchased prior to the latest trading day, with an additional ...
Magellan Financial Group Cancels 160,000 Shares Under On-Market Buy-Back
Dec 21, 2025
Magellan Financial Group Limited has cancelled 160,000 ordinary fully paid shares as part of an on-market share buy-back, effective 23 December 2025. The reduction in issued capital through this buy-back may marginally enhance earnings per share a...
Magellan Continues On‑Market Share Buy‑Back with Latest Daily Update
Dec 21, 2025
Magellan Financial Group Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy-back program for its ordinary fully paid shares. As of 22 December 2025, the company reports that it has repurchased a...
Magellan Cancels 160,000 Shares Under On‑Market Buy-Back
Dec 18, 2025
Magellan Financial Group Limited has announced the cessation of 160,000 ordinary fully paid shares, which have been cancelled as part of an on-market share buy-back. The cancellation, effective 22 December 2025, reduces the company’s issued ...
Magellan Updates Market on Ongoing On-Market Share Buy-Back
Dec 18, 2025
Magellan Financial Group Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares (MFG). As of 19 December 2025, the company reports that a total of 16,864,51...
Magellan Financial Group Announces Cessation of Securities Post Buy-Back
Dec 17, 2025
Magellan Financial Group Limited has announced the cessation of 160,000 fully paid ordinary securities following an on-market buy-back which took place on December 19, 2025. This move reflects the company’s continued efforts to manage its ca...
Magellan Financial Group Limited Updates Daily Buy-Back Progress
Dec 17, 2025
Magellan Financial Group Limited has issued a daily notification regarding its ongoing on-market share buy-back program, announcing the acquisition of 160,000 shares on the previous trading day. This initiative is part of the company’s strat...
Magellan Financial Group Updates on Buy-Back Program
Dec 15, 2025
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of December 16, 2025, the company has repurchased a total of 16,551,059 ordinary fully paid securities, with 116,012 bought back on the previ...
Magellan Financial Group Executes On-Market Buy-Back of Securities
Dec 14, 2025
Magellan Financial Group Ltd announced the cessation of 93,395 ordinary fully paid securities due to an on-market buy-back, effective December 16, 2025. This move is part of the company’s capital management strategy, which may impact its sha...
Magellan Financial Group Updates on Share Buy-Back Program
Dec 14, 2025
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program. As of December 15, 2025, the company has repurchased a total of 16,341,652 shares, with an additional 93,395 shares bought back on the previous day....
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.