Magellan Financial Group Limited (MFG) - Research

$57.600 1.15 (2.04%)

MFG General Information +

ASX Code MFG
Website http://www.magellangroup.com.au
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) 10,200
Current Price $57.600
Day High $57.790
Day Low $56.070
Last Close $56.450
Price Movement $1.15 ( 2.04% )
Prices as at 16:40, 16 Jul 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Magellan Financial Group Limited (MFG)
BUY
below
HOLD
up to
SELL
above
Current Price
$57.600 as at 16:40, 16 Jul 2019

Price at review
$57.600 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 372.21 210.18 5.10% 26.86 186.50 3.30% 75.0%
2019 F 353.33 200.02 29.30% 28.22 180.01 3.19% 75.0%
2018 A 268.55 154.74 35.60% 16.23 130.50 5.20% 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) $1,899M 0.5416 0.0337 -0.0980 10.0241 9.6971 10.7512 9.98% 8.85% 7.86%
Magellan Financial Group (MFG) $10,087M 0.3568 0.2415 0.0692 36.7935 29.6358 27.7178 2.36% 3.03% 3.23%
Pendal Group (PDL) $2,366M 0.1207 -0.2807 0.1109 10.3233 14.3519 12.9189 6.99% 6.15% 6.59%
Perpetual (PPT) $2,052M 0.0416 -0.1532 0.0061 14.3490 16.9449 16.8419 6.24% 5.62% 5.59%
Platinum Asset Mgmt (PTM) $2,840M 0.0325 -0.1575 0.0587 14.7696 17.5299 16.5583 6.61% 5.58% 5.84%

MFG Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.77 29.40 16.00 1.93
Market 0.93 17.00 1.53 1.38
Sector 0.98 13.60 1.04 2.35

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
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 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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