How to buy Magellan Financial shares | A$55.74
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Magellan Financial Group Limited is an asset management business based in Australia. Magellan Financial shares (MFG) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $55.74 – a decrease of 2.09% over the previous week. Magellan Financial has a trailing 12-month revenue of around $694.8 million.
How to buy shares in Magellan Financial
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Magellan Financial. Find the share by name or ticker symbol: MFG. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Magellan Financial reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $55.74, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Magellan Financial. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Magellan Financial key stats
- Compare share trading platforms
- Is Magellan Financial stock a buy or sell?
- Magellan Financial performance over time
- Are Magellan Financial shares over-valued?
- Magellan Financial's financials
- How volatile are Magellan Financial shares?
- Does Magellan Financial pay a dividend?
- Have Magellan Financial shares ever split?
- Other common questions
How has coronavirus impacted Magellan Financial's share price?
Since the stock market crash in March caused by coronavirus, Magellan Financial's share price has had significant negative movement.
Its last market close was $55.74, which is 23.01% down on its pre-crash value of $72.4 and 85.18% up on the lowest point reached during the March crash when the shares fell as low as $30.1.
If you had bought $1,000 worth of Magellan Financial shares at the start of February 2020, those shares would have been worth $467.09 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $846.69.
Magellan Financial share priceUse our graph to track the performance of MFG stocks over time.
Magellan Financial shares at a glance
|Latest market close||AUDA$55.74|
|52-week range||AUDA$30.1 - AUDA$74.91|
|50-day moving average||AUDA$60.6677|
|200-day moving average||AUDA$54.9424|
|Dividend yield||AUDA$2.15 (3.77%)|
|Earnings per share (TTM)||AUDA$2.183|
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Is it a good time to buy Magellan Financial stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Magellan Financial price performance over time
|1 week (2020-09-14)||-1.88%|
|1 month (2020-08-24)||-10.99%|
|3 months (2020-06-20)||N/A|
|6 months (2020-03-23)||81.27%|
|1 year (2019-09-20)||6.17%|
|2 years (2018-09-21)||99.86%|
|3 years (2017-09-21)||141.30%|
|5 years (2015-09-21)||200.97%|
Is Magellan Financial under- or over-valued?
Valuing Magellan Financial stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Magellan Financial's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Magellan Financial's P/E ratio
Magellan Financial's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 26x. In other words, Magellan Financial shares trade at around 26x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Magellan Financial's EBITDA
Magellan Financial's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $576.4 million (£0.0 million).
The EBITDA is a measure of a Magellan Financial's overall financial performance and is widely used to measure a its profitability.
Magellan Financial financials
|Revenue TTM||$694.8 million|
|Operating margin TTM||82.26%|
|Gross profit TTM||$620.9 million|
|Return on assets TTM||37.13%|
|Return on equity TTM||44.52%|
|Market capitalisation||$10.4 billion|
TTM: trailing 12 months
Magellan Financial share dividends
Dividend payout ratio: 93.59% of net profits
Recently Magellan Financial has paid out, on average, around 93.59% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.77% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Magellan Financial shareholders could enjoy a 3.77% return on their shares, in the form of dividend payments. In Magellan Financial's case, that would currently equate to about A$2.15 per share.
Magellan Financial's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 16 August 2020 (the "ex-dividend date").
Have Magellan Financial's shares ever split?
Magellan Financial's shares were split on 10 April 2007.
Magellan Financial share price volatility
Over the last 12 months, Magellan Financial's shares have ranged in value from as little as $30.1 up to $74.91. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Magellan Financial's is 1.3518. This would suggest that Magellan Financial's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Magellan Financial overview
Magellan Financial Group Limited is a publicly owned investment manager. It invests in global equities and global listed infrastructure markets across the globe. Magellan Financial Group Limited founded in 2004 and is based in Sydney, Australia.
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