Professional
Added to YB: 2024-06-21
Pitch date: 2024-03-31
MFG.AX [bullish]
Magellan Financial Group Limited
+8.39%
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 8.82
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: Magellan Financial Group stabilizing w/ new experienced board, cost cuts, MD hired. FUM bottomed out + grew slightly (market-driven). MGF option liability resolved via buyback + open-ending. Focus shifting to capital mgmt - can fund growth + return capital. $9.89 price, $1.8B market cap, $803M EV.
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