How to buy Magellan Financial (MFG) shares
Learn how to easily invest in Magellan Financial shares.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Magellan Financial is an asset management business based in Australia. Magellan Financial shares (MFG) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Magellan Financial has a trailing 12-month revenue of around $788.8 million. If you're looking to buy shares, check out the steps below.
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 ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as 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. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Magellan Financial. Optimise your portfolio by tracking how your stock and 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 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
Magellan Financial stock price (ASX:MFG)Use our graph to track the performance of MFG stocks over time.
Magellan Financial shares at a glance
|52-week range||$11.1 - $51.8906|
|50-day moving average||$14.975|
|200-day moving average||$22.8834|
|Dividend yield||$2.127 (16.86%)|
|Earnings per share (TTM)||$1.707|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Magellan Financial stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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 (2022-06-16)||12.81%|
|1 month (2022-05-26)||-4.36%|
|3 months (2022-03-25)||-2.61%|
|6 months (2021-12-24)||-34.79%|
|1 year (2021-06-25)||-74.01%|
|2 years (2020-06-26)||-76.17%|
|3 years (2019-06-26)||-72.50%|
|5 years (2017-06-23)||-51.56%|
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 8x. In other words, Magellan Financial shares trade at around 8x 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 $668.5 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||$788.8 million|
|Operating margin TTM||84.14%|
|Gross profit TTM||$649.3 million|
|Return on assets TTM||33.37%|
|Return on equity TTM||28.54%|
|Market capitalisation||$2.4 billion|
TTM: trailing 12 months
Magellan Financial share dividends
Dividend payout ratio: 92.26% of net profits
Recently Magellan Financial has paid out, on average, around 92.26% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 16.86% 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 16.86% return on their shares, in the form of dividend payments. In Magellan Financial's case, that would currently equate to about A$2.127 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 23 February 2022 (the "ex-dividend date").
Have Magellan Financial's shares ever split?
Magellan Financial's shares were split on 11 April 2007.
Magellan Financial share price volatility
Over the last 12 months, Magellan Financial's shares have ranged in value from as little as $11.1 up to $51.8906. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Magellan Financial's is 0.9473. This would suggest that Magellan Financial's shares are less volatile than average (for this exchange).
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.
Stocks similar to Magellan Financial
Magellan Financial in the news
Frequently asked questions
More guides on Finder
How to buy Nexgen Energy (NXG) shares
Steps to owning and managing Nexgen Energy shares.
How to buy Keypath Education (KED) shares
Steps to owning and managing Keypath Education shares.
What are green bonds and how do they impact the world?
If you want to directly fund climate solutions a green bond is a great place to start. Here is how they work.
5 best ways to invest money in Australia in 2022
What's the best way to invest money in Australia? Find out about robo advisors, index funds, cryptocurrency and more in this guide.
How to buy EBR Systems (EBR) shares
Steps to owning and managing EBR Systems shares.
How to buy 5E Advanced Materials (5EA) shares
Steps to owning and managing 5E Advanced Materials shares.
How to buy Leo lithium shares
Steps to owning and managing Leo lithium shares.
How to buy Besra Gold (BEZ) shares
Steps to owning and managing Besra Gold shares.
How to buy The Lottery Corporation (TLC) shares
Steps to owning and managing The Lottery Corporation shares.
How to buy BSP Financial Group (BFL) shares
Steps to owning and managing Endeavour Group shares.
Ask an Expert