Professional
Added to YB: 2024-10-16
Pitch date: 2024-09-30
MFG.AX [bullish]
Magellan Financial Group Limited
+1.46%
current return
Author Info
No bio for this author
Company Info
Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe.
Market Cap
AUD 1.9B
Pitch Price
AUD 9.36
Price Target
N/A
Dividend
5.96%
EV/EBITDA
5.75
P/E
8.19
EV/Sales
4.27
Sector
Capital Markets
Category
turnaround
Sandon Capital Activist Fund Portfolio Holding: Magellan Financial Group Limited
MFG.AX: Undervalued global fund manager at 4.6x FY25E P/E (ex-cash/investments), 5.8% yield. AUM stabilized, 10% above late 2023. New management implementing Sandon Capital's 5-point plan. Capital management review due Feb 2025. Non-core asset monetization potential. Buyback accelerating.
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