Finder makes money from featured partners, but editorial opinions are our own.

How to buy Magellan Financial (MFG) shares in Australia

Learn how to easily invest in Magellan Financial shares.

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 $401.5 million. If you're looking to buy shares, check out the steps below.

How to buy shares in Magellan Financial

To buy shares listed in Australia such as Magellan Financial, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

Magellan Financial stock price (ASX:MFG)

Use our graph to track the performance of MFG stocks over time.

Magellan Financial shares at a glance

Information last updated 2024-07-19.
52-week range$5.8708 - $10.4
50-day moving average $8.6666
200-day moving average $8.5789
Target price$8.96
PE ratio 8.7143
Dividend yield $0.65 (6.02%)
Earnings per share (TTM) $1.12

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Name Product Standard brokerage fee Inactivity fee Asset class
eToro
Finder AwardExclusive
eToro
$0
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply).
CFD service. Capital at risk.
Join the world's biggest social trading network when you trade stocks, commodities and currencies from the one account.
Moomoo Share Trading
$3
$0
ASX shares, Global shares, US shares, ETFs
Get 10 free shares + earn 6.8% p.a. on idle cash upon deposit. T&Cs apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 20 million investors.
Tiger Brokers
Exclusive
Tiger Brokers
$5.50
$0
ASX shares, Global shares, US shares, ETFs
Finder exclusive: 10 no-brokerage US or ASX market trades in the first 180 days + 7% p.a. on uninvested cash with first deposit of any amount, plus US$30 TSLA + US$30 NVDA shares with deposits up to AU$2000. T&Cs apply.
Trade Australian, US and Asian stocks with no minimum deposit on Tiger Broker’s feature-packed platform.
CMC Invest
Finder Award
CMC Invest
$0
$0
ASX shares, Global shares, Options trading, US shares, ETFs
$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Webull
Exclusive
Webull
$4.90
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Finder exclusive: Get an additional 30 days of $0 brokerage on stocks. T&Cs apply.
Trade over 3,300 Australian and US ETFs with real $0 brokerage.
loading

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

Historical closes compared with the last close of A$9.76

1 week (2024-07-12) 3.39%
1 month (2024-06-21) 16.75%
3 months (2024-04-22) 9.17%
6 months (2024-01-22) 8.57%
1 year (2023-07-21) 8.57%
2 years (2022-07-22) -30.88%
3 years (2021-07-22) -81.82%
5 years (2019-07-22) -83.27%

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 9x. In other words, Magellan Financial shares trade at around 9x 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 $282.2 million (£0.0 million).

The EBITDA is a measure of a Magellan Financial's overall financial performance and is widely used to measure stock profitability.

Magellan Financial financials

Revenue TTM $401.5 million
Operating margin TTM 67%
Gross profit TTM $461.4 million
Return on assets TTM 15.92%
Return on equity TTM 21.54%
Profit margin 50.55%
Book value 5.18
Market capitalisation $1.8 billion

TTM: trailing 12 months

Magellan Financial share dividends

78%

Dividend payout ratio: 77.55% of net profits

Recently Magellan Financial has paid out, on average, around 77.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.02% 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 6.02% return on their shares, in the form of dividend payments. In Magellan Financial's case, that would currently equate to about A$0.65 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 19 February 2024 (the "ex-dividend date").

Have Magellan Financial's shares ever split?

Magellan Financial's shares were split on a 1.0924:1 basis on 10 April 2007. So if you had owned 1 share the day before the split, the next day you would own 1.0924 shares. This wouldn't directly have changed the overall worth of your Magellan Financial shares – just the quantity. However, indirectly, the new 8.5% lower share price could have impacted the market appetite for Magellan Financial shares which in turn could have impacted Magellan Financial's share price.

Magellan Financial share price volatility

Over the last 12 months, Magellan Financial's shares have ranged in value from as little as $5.8708 up to $10.4. A popular way to gauge a stock's volatility is its "beta".

MFG.AU volatility(beta: 1.02)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Magellan Financial's is 1.019. This would suggest that Magellan Financial's shares are a little bit more volatile than the average for this exchange and represent, relatively speaking, a slightly 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.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

More guides on Finder

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site