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Magellan Financial Group

DB:NNA
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NNA
DB
A$9B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Magellan Financial Group is a publicly owned investment manager. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
  • Magellan Financial Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Magellan Financial Group has significant price volatility in the past 3 months.
NNA Share Price and Events
7 Day Returns
18.9%
DB:NNA
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-
DB:NNA
-6.9%
DE Capital Markets
-17.2%
DE Market
NNA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Magellan Financial Group (NNA) 18.9% -18% -25.8% - - -
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • No trading data on NNA.
  • No trading data on NNA.
Price Volatility
NNA
Industry
5yr Volatility vs Market

Value

 Is Magellan Financial Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Magellan Financial Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Magellan Financial Group.

DB:NNA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 10 analysts.
= Stable Book Value * Return on Equity
= A$5.98 * 45.9%
A$2.74
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. A$5.98
Discount Rate (Cost of Equity) See below 4.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:NNA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 30%) (0.21%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.835 * 5.44%)
4.15%

Discounted Cash Flow Calculation for DB:NNA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Magellan Financial Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:NNA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (45.9% – 4.15%) * A$5.98)
A$2.49
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$2.49 / (4.15% - -0.39%)
A$54.92
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$5.98 + A$54.92
A$60.9
DB:NNA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NNA represents 0.54636x of ASX:MFG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.54636x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 60.90 x 0.54636
€33.27
Value per share (EUR) From above. €33.27
Current discount Discount to share price of €26.40
= -1 x (€26.40 - €33.27) / €33.27
20.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Magellan Financial Group is available for.
Intrinsic value
21%
Share price is €26.4 vs Future cash flow value of €33.27
Current Discount Checks
For Magellan Financial Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Magellan Financial Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Magellan Financial Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Magellan Financial Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Magellan Financial Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NNA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$2.23
ASX:MFG Share Price ** ASX (2020-04-01) in AUD A$48.32
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Magellan Financial Group.

DB:NNA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MFG Share Price ÷ EPS (both in AUD)

= 48.32 ÷ 2.23

21.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magellan Financial Group is good value based on earnings compared to the DE Capital Markets industry average.
  • Magellan Financial Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Magellan Financial Group's expected growth come at a high price?
Raw Data
DB:NNA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
9.8%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:NNA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.66x ÷ 9.8%

2.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magellan Financial Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Magellan Financial Group's assets?
Raw Data
DB:NNA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$5.55
ASX:MFG Share Price * ASX (2020-04-01) in AUD A$48.32
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:NNA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MFG Share Price ÷ Book Value per Share (both in AUD)

= 48.32 ÷ 5.55

8.7x

* Primary Listing of Magellan Financial Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magellan Financial Group is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Magellan Financial Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Magellan Financial Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Magellan Financial Group expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Magellan Financial Group expected to grow at an attractive rate?
  • Magellan Financial Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Magellan Financial Group's earnings growth is positive but not above the Germany market average.
  • Magellan Financial Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NNA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NNA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 9.8%
DB:NNA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 6.4%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:NNA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NNA Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 859 1
2022-06-30 777 471 487 9
2021-06-30 706 447 437 11
2020-06-30 680 428 398 11
2020-04-01
DB:NNA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 703 379 399
2019-09-30 659 347 388
2019-06-30 616 315 377
2019-03-31 573 304 354
2018-12-31 530 293 332
2018-09-30 490 232 272
2018-06-30 451 170 212
2018-03-31 416 148 187
2017-12-31 381 126 163
2017-09-30 360 145 179
2017-06-30 339 165 196
2017-03-31 322 173 186

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Magellan Financial Group's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
  • Magellan Financial Group's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NNA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Magellan Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NNA Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30
2022-06-30 2.60 2.84 2.25 6.00
2021-06-30 2.39 2.74 1.80 9.00
2020-06-30 2.18 2.32 1.80 9.00
2020-04-01
DB:NNA Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 2.23
2019-09-30 2.18
2019-06-30 2.13
2019-03-31 2.01
2018-12-31 1.89
2018-09-30 1.56
2018-06-30 1.22
2018-03-31 1.08
2017-12-31 0.95
2017-09-30 1.06
2017-06-30 1.17
2017-03-31 1.13

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Magellan Financial Group is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Magellan Financial Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Magellan Financial Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Magellan Financial Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Magellan Financial Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Magellan Financial Group's year on year earnings growth rate has been positive over the past 5 years.
  • Magellan Financial Group's 1-year earnings growth exceeds its 5-year average (20.3% vs 19.8%)
  • Magellan Financial Group's earnings growth has exceeded the DE Capital Markets industry average in the past year (20.3% vs 3.2%).
Earnings and Revenue History
Magellan Financial Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Magellan Financial Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NNA Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 702.77 399.10 37.54
2019-09-30 659.17 388.02 37.41
2019-06-30 615.58 376.95 37.29
2019-03-31 572.89 354.41 37.03
2018-12-31 530.19 331.86 36.78
2018-09-30 490.48 271.83 40.75
2018-06-30 450.76 211.79 44.73
2018-03-31 415.78 187.21 43.68
2017-12-31 380.80 162.63 42.64
2017-09-30 359.69 179.43 37.66
2017-06-30 338.58 196.23 32.68
2017-03-31 321.99 186.15 30.30
2016-12-31 305.41 176.07 27.93
2016-09-30 319.52 187.21 26.92
2016-06-30 333.64 198.36 25.92
2016-03-31 335.31 202.29 24.89
2015-12-31 336.98 206.22 23.86
2015-09-30 310.33 190.26 22.33
2015-06-30 283.68 174.30 20.80
2015-03-31 246.47 149.29 18.80
2014-12-31 209.27 124.29 16.81
2014-09-30 179.05 103.62 14.86
2014-06-30 148.83 82.94 12.92
2014-03-31 151.53 85.20 11.59
2013-12-31 154.23 87.47 10.26
2013-09-30 136.84 77.03 8.53
2013-06-30 119.45 66.60 6.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Magellan Financial Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Magellan Financial Group used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Magellan Financial Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Magellan Financial Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Magellan Financial Group has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Magellan Financial Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Magellan Financial Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Magellan Financial Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Magellan Financial Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Magellan Financial Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Magellan Financial Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Magellan Financial Group Company Filings, last reported 3 months ago.

DB:NNA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,012.13 0.00 432.71
2019-09-30 1,012.13 0.00 432.71
2019-06-30 734.02 0.00 198.19
2019-03-31 734.02 0.00 198.19
2018-12-31 660.93 0.00 159.79
2018-09-30 660.93 0.00 159.79
2018-06-30 620.43 0.00 169.10
2018-03-31 620.43 0.00 169.10
2017-12-31 437.86 0.00 106.95
2017-09-30 437.86 0.00 106.95
2017-06-30 447.61 0.00 146.24
2017-03-31 447.61 0.00 146.24
2016-12-31 396.29 0.00 119.66
2016-09-30 396.29 0.00 119.66
2016-06-30 355.37 0.00 120.36
2016-03-31 355.37 0.00 120.36
2015-12-31 361.79 0.00 85.20
2015-09-30 361.79 0.00 85.20
2015-06-30 303.44 0.00 93.93
2015-03-31 303.44 0.00 93.93
2014-12-31 273.02 0.00 100.55
2014-09-30 273.02 0.00 100.55
2014-06-30 206.59 0.00 82.87
2014-03-31 206.59 0.00 82.87
2013-12-31 181.95 0.00 50.32
2013-09-30 181.95 0.00 50.32
2013-06-30 153.04 0.00 52.48
  • Magellan Financial Group has no debt.
  • Magellan Financial Group has not taken on any debt in the past 5 years.
  • Magellan Financial Group has no debt, it does not need to be covered by operating cash flow.
  • Magellan Financial Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Magellan Financial Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Magellan Financial Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Magellan Financial Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.23%
Current annual income from Magellan Financial Group dividends. Estimated to be 4.65% next year.
If you bought €2,000 of Magellan Financial Group shares you are expected to receive €85 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Magellan Financial Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Magellan Financial Group's dividend is below the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NNA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:NNA Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 2.74 1.00
2022-06-30 2.41 10.00
2021-06-30 2.17 12.00
2020-06-30 2.14 12.00
2020-04-01
DB:NNA Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-12 2.043 4.139
2019-08-12 1.852 3.426
2019-02-13 1.638 3.772
2018-08-08 1.345 5.032
2018-02-05 0.890 3.709
2017-08-09 0.799 3.133
2017-02-15 0.764 3.041
2016-08-10 0.893 3.898
2015-08-11 0.756 3.408
2015-02-19 0.742 3.924
2014-02-20 0.330 2.459
2013-08-16 0.330 3.023
2013-02-21 0.100 1.188
2012-08-24 0.060 1.370
2012-02-24 0.030 1.442
2011-08-23 0.015 1.092

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Magellan Financial Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Magellan Financial Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Magellan Financial Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Magellan Financial Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Magellan Financial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Magellan Financial Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Magellan Financial Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brett Cairns
COMPENSATION A$1,498,089
TENURE AS CEO 1.5 years
CEO Bio

Dr. Brett Peter Cairns, Ph.D., is Chief Executive Officer and Managing Director of Magellan Financial Group Limited since October 5, 2018. Dr. Cairns is an Executive Chairman of Magellan Financial Group Limited since January 1, 2015 until October 5, 2018. He previously is the Non-Executive Chairman of Magellan Financial Group Limited from September 30, 2013 to January 1, 2015. Dr. Cairns is Executive Director at Magellan Financial Group Limited since January 22, 2007. He isn Executive Chairman and Executive Chairman of Magellan Asset Management Limited. Dr. Cairns previously is the Co-Head of the Capital Markets Group within structured finance at Babcock & Brown. He joined the Babcock & Brown in 2002. Prior to that, Dr. Cairns is a Managing Director and Head of Debt Capital Markets at Merrill Lynch from 1994 to 2002. Prior to that, He spent three years at Credit Suisse Financial Products. Dr. Cairns has over 27 years' experience in the financial services industry and has deep experience across a broad range of areas, including extensive experience in debt capital markets, product innovation and structuring and risk management. He holds a Ph.D. degree in Chemical Engineering, M.B.A. degree and a B.E. (Hon 1) degree from The University of Sydney.

CEO Compensation
  • Brett's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Brett's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Magellan Financial Group management team in years:

3.7
Average Tenure
  • The tenure for the Magellan Financial Group management team is about average.
Management Team

Hamish Douglass

TITLE
Chairman
COMPENSATION
A$4M

Brett Cairns

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
TENURE
1.5 yrs

Kirsten Morton

TITLE
Chief Financial Officer
COMPENSATION
A$941K

Marcia Venegas

TITLE
Head of Risk
COMPENSATION
A$675K
TENURE
3.2 yrs

Craig Wright

TITLE
Head of Governance & Advisory
COMPENSATION
A$764K
TENURE
4.8 yrs

Kris Webster

TITLE
Head of Technology

Sarah Thorne

TITLE
Investor Relations

Leo Quintana

TITLE
Chief Legal Officer
COMPENSATION
A$205K

Gerald Stack

TITLE
Head of Investments
COMPENSATION
A$4M
TENURE
3.7 yrs

Nikki Thomas

TITLE
Head of Research & Portfolio Manager
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Magellan Financial Group board of directors in years:

6
Average Tenure
53
Average Age
  • The tenure for the Magellan Financial Group board of directors is about average.
Board of Directors

Brett Cairns

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
TENURE
13.3 yrs

Paul Lewis

TITLE
Non-Executive Director
COMPENSATION
A$80K
TENURE
13.3 yrs

Hamish Douglass

TITLE
Chairman
COMPENSATION
A$4M
TENURE
1.5 yrs

Rob Fraser

TITLE
Non-Executive Director
COMPENSATION
A$114K
AGE
53
TENURE
6 yrs

Karen Phin

TITLE
Non-Executive Director
COMPENSATION
A$94K
TENURE
6 yrs

Hamish McLennan

TITLE
Non-Executive Director
COMPENSATION
A$99K
AGE
53
TENURE
4.1 yrs

John Eales

TITLE
Non-Executive Director
COMPENSATION
A$102K
AGE
49
TENURE
2.8 yrs

Stuart Stuckey

TITLE
Executive Director of Pengana Capital Limited
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
22. Sep 19 Buy Hamish McLennan Individual 19. Sep 19 19. Sep 19 5,000 €31.37 €156,837
X
Management checks
We assess Magellan Financial Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Magellan Financial Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Magellan Financial Group is a publicly owned investment manager. The firm provide its services to high net worth, retail, and institutional investors. Magellan Financial Group is based in Sydney, Australia.

Details
Name: Magellan Financial Group Limited
NNA
Exchange: DB
Founded: 2004
A$4,921,615,000
182,280,222
Website: http://www.magellangroup.com.au
Address: Magellan Financial Group Limited
MLC Centre,
Level 36,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MFG Ordinary Shares Australian Securities Exchange AU AUD 01. Jul 2004
DB NNA Ordinary Shares Deutsche Boerse AG DE EUR 01. Jul 2004
BST NNA Ordinary Shares Boerse-Stuttgart DE EUR 01. Jul 2004
CHIA MFG Ordinary Shares Chi-X Australia AU AUD 01. Jul 2004
Number of employees
Current staff
Staff numbers
130
Magellan Financial Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 22:53
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.