Magellan Financial Group Limited (MFG) - Research

$42.0801.3 (3.19%)
Prices as at 16:40, 23 Apr 2019

MFG Current Share Price+

Current Price $42.080
Open $40.920
High $42.170
Low $40.920
Last Close $40.780
Volume 433302
Price Movement $1.30 ( 3.19% )
  • +Security prices are delayed by at least 20 minutes and are indicative only.

MFG General Information

Magellan Financial Group Limited
MFG
http://www.magellangroup.com.au
Asset Management & Custody Banks
7,451
177
Magellan Financial Group Limited
(MFG)
BUY
below
HOLD
up to
SELL
above
Current Price
$42.080 as at 16:40, 23 Apr 2019
Price at review
$42.080 on 27 Feb 19
Max Portfolio Weighting
Business Risk
Share Price Risk

MFG Related Research

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 Magellan Global Fund, the Magellan Infrastructure Fund and the Magellan High Conviction Fund. 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 (%)
2020 F 335.88 193.53 0.20% 21.74 179.00 4.25% 100.0%
2019 F 335.16 193.12 24.70% 21.79 179.00 4.25% 100.0%
2018 A 268.69 154.81 35.70% 16.22 135.00 5.38% 100.0%

MFG Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
IOOF (IFL) $2,342M 0.5416 0.0113 0.0469 12.3587 12.2206 11.6731 8.10% 7.48% 7.50%
Magellan Financial Group (MFG) $7,222M 0.3568 0.2415 0.0692 26.3420 21.2175 19.8443 3.30% 4.23% 4.51%
Netwealth Group (NWL) $2,139M 0.0000 0.7030 0.3280 106.5089 62.5434 47.0958 0.60% 1.24% 1.69%
Pendal Group (PDL) $2,767M 0.1207 -0.1712 0.1015 12.0716 14.5655 13.2239 5.98% 5.72% 6.21%
Platinum Asset Mgmt (PTM) $2,875M 0.0325 -0.1645 0.0782 14.9527 17.8963 16.5989 6.53% 5.54% 5.89%

MFG Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.59 22.70 12.00 1.49
Market 0.95 16.90 1.52 1.54
Sector 0.96 13.60 1.02 1.81

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 A Eales Non-Executive Director 1 Jul 2017
Mr Paul Anthony Lewis Non-Executive Director 20 Dec 2006
Mr Hamish Roy McLennan Non-Executive Director 1 Mar 2016
Ms Karen Phin Non-Executive Director 23 Apr 2014

MFG Management

Name Position
Kirsten Morton Chief Financial Officer
Marcia Venegas Company Secretary
Frank Casarotti General Manager - Distribution
Craig Wright Head of Governance & Advisory
Gerald Stack Head of Investments
Marcia Venegas Head of Risk, Compliance and Legal

MFG Substantial Shareholders

Holding Name
21,792,277 (12.37%) Hamish Douglass and Midas Touch Investments Pty Limited
18,615,610 (10.56%) Chris Mackay and Associates

MFG Calendar of Events

Date Event
14 February 2020 Report (Interim)
13 February 2020 Report (Interim)
08 August 2019 Report (Annual)
08 August 2019 Report (Prelim)

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