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Magellan Financial Group Limited (MFG) - Share Price and Research

$59.270 0.2 (0.34%)

MFG General Information +

ASX Code MFG
Website http://www.magellangroup.com.au
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) 10,884
MFG Share Price $59.270
Day High $60.810
Day Low $59.180
Last Close $59.470
MFG Share Price Movement $0.20 ( 0.34% )
Prices as at 16:40, 23 Oct 2020
+Security prices are delayed by at least 20 minutes and are indicative only.

MFG Company Overview

Business Description

Magellan Financial Group Limited (MFG) is a funds management business based in Sydney, Australia. MFG offers international investment funds to high net worth and retail investors in Australia, New Zealand and institutional investors globally. MFG's four investment funds are the Global Equities, Infrastructure, Sustainable and Australian Equities. The fund management activities are undertaken by Magellan Asset Management Limited.

MFG Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2022 F 556.81 305.47 17.30% 19.40 280.00 4.72% 75.0%
2021 F 474.62 260.38 7.80% 22.76 240.00 4.05% 75.0%
2020 A 438.30 241.46 17.20% 22.56 214.90 3.94% 75.0%

MFG Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2020 A 2021 F 2022 F 2020 A 2021 F 2022 F 2020 A 2021 F 2022 F
IOOF (IFL) $2,110M -0.5389 -0.1568 0.2645 11.6362 13.8004 10.9134 7.79% 4.52% 5.98%
Magellan Financial Group (MFG) $10,921M 0.0591 0.0477 0.1471 24.8382 23.7064 20.6665 3.61% 3.85% 4.39%
Netwealth Group (NWL) $4,362M 0.2133 0.1911 0.2322 99.8911 83.8665 68.0638 0.80% 0.91% 1.12%
Pendal Group (PDL) $2,185M -0.1773 -0.2027 0.0135 11.4185 14.3220 14.1307 6.65% 5.78% 6.07%
Platinum Asset Mgmt (PTM) $1,836M -0.0100 -0.2093 -0.0529 11.6966 14.7921 15.6188 7.67% 6.63% 6.23%

MFG Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.54 24.40 10.33 2.53
Market 0.71 20.30 1.57 1.67
Sector 0.87 20.10 1.03 2.46

MFG Directors

Name Position Start Date
Dr Brett Peter Cairns Executive Director, Chief Executive Officer, Managing Director 22 Jan 2007
Mr Hamish Macquarie Douglass Non-Executive Chairman, Non-Executive Director 21 Nov 2006
Mr Robert Darius Fraser Non-Executive Director 23 Apr 2014
Mr John Anthony Eales Non-Executive Director 1 Jul 2017
Mr Paul Anthony Lewis Non-Executive Director 20 Dec 2006
Ms Karen Phin Non-Executive Director 23 Apr 2014
Mr Hamish Roy McLennan Non-Executive Director, Non-Executive Deputy Chairman 1 Mar 2016

MFG Management

Name Position
Kirsten Morton Chief Financial Officer
Marcia Paulina Venegas Company Secretary
Craig Wright Head - Governance & Advisory

MFG Substantial Shareholders

Holding Name
22,212,727 (12.19%) Hamish Douglass and Midas Touch Investments Pty Limited
18,615,610 (10.21%) Chris Mackay and Associates

MFG Calendar of Events

Date Event
20 September 2021 Report (Annual)
17 September 2021 Report (Annual)
11 August 2021 Report (Annual)
11 August 2021 Report (Prelim)
11 February 2021 Report (Interim)

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