MA FINANCIAL GROUP LIMITED Financials MA Financial Group Limited
Equities
MAF
AU0000156218
Investment Management & Fund Operators
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.42 AUD | -3.28% |
|
-0.45% | -19.93% |
| Apr. 24 | MA Financial Group Posts Highest Ever Gross Fund Inflows to AU$514 Million for March Quarter | MT |
| Feb. 22 | Transcript : MA Financial Group Limited, 2023 Earnings Call, Feb 22, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 739.3 | 709.6 | 1,443 | 735.5 | 899.7 | 720 | - | - |
| Enterprise Value (EV) 1 | 703.2 | 601.6 | 1,606 | 1,531 | 2,873 | 2,600 | 3,017 | 3,365 |
| P/E ratio | 34.2 x | 26.4 x | 42.2 x | 16.9 x | 31 x | 22.9 x | 14.1 x | 10.7 x |
| Yield | 1.96% | 2.11% | 1.9% | 4.41% | 3.62% | 3.78% | 4.81% | 5.65% |
| Capitalization / Revenue | 4.67 x | 4.43 x | 6.21 x | 2.44 x | 3.33 x | 2.39 x | 2 x | 1.75 x |
| EV / Revenue | 4.44 x | 3.76 x | 6.91 x | 5.07 x | 10.6 x | 8.63 x | 8.39 x | 8.18 x |
| EV / EBITDA | 11.1 x | 9.94 x | 18.2 x | 14.3 x | 35.2 x | 29 x | 24.8 x | 22.8 x |
| EV / FCF | - | - | 25.6 x | -5.16 x | 159 x | 75.7 x | 58.2 x | 48.6 x |
| FCF Yield | - | - | 3.91% | -19.4% | 0.63% | 1.32% | 1.72% | 2.06% |
| Price to Book | - | - | 3.48 x | 1.77 x | 2.22 x | 1.83 x | 1.74 x | 1.65 x |
| Nbr of stocks (in thousands) | 144,961 | 149,393 | 161,201 | 162,007 | 162,986 | 162,906 | - | - |
| Reference price 2 | 5.100 | 4.750 | 8.950 | 4.540 | 5.520 | 4.420 | 4.420 | 4.420 |
| Announcement Date | 2/18/20 | 2/16/21 | 2/16/22 | 2/22/23 | 2/21/24 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 158.3 | 160.1 | 232.4 | 301.8 | 269.9 | 301.3 | 359.4 | 411.3 |
| EBITDA 1 | 63.48 | 60.5 | 88.49 | 106.7 | 81.6 | 89.53 | 121.7 | 147.3 |
| EBIT 1 | 60.2 | 56.76 | 83.78 | 95.6 | 68.6 | 76.46 | 107.6 | 132.3 |
| Operating Margin | 38.02% | 35.44% | 36.05% | 31.68% | 25.42% | 25.38% | 29.93% | 32.15% |
| Earnings before Tax (EBT) 1 | 35.28 | 38.69 | 48.71 | 60.97 | 43.48 | 57.7 | 87.06 | 113.7 |
| Net income 1 | 23.49 | 26.48 | 32.04 | 44.86 | 31.1 | 36.53 | 57.92 | 77.51 |
| Net margin | 14.84% | 16.54% | 13.79% | 14.86% | 11.52% | 12.12% | 16.12% | 18.84% |
| EPS 2 | 0.1490 | 0.1800 | 0.2120 | 0.2690 | 0.1780 | 0.1930 | 0.3140 | 0.4129 |
| Free Cash Flow 1 | - | - | 62.85 | -296.7 | 18.07 | 34.35 | 51.8 | 69.3 |
| FCF margin | - | - | 27.05% | -98.3% | 6.69% | 11.4% | 14.41% | 16.85% |
| FCF Conversion (EBITDA) | - | - | 71.03% | - | 22.14% | 38.37% | 42.55% | 47.04% |
| FCF Conversion (Net income) | - | - | 196.16% | - | 58.1% | 94.03% | 89.44% | 89.41% |
| Dividend per Share 2 | 0.1000 | 0.1000 | 0.1700 | 0.2000 | 0.2000 | 0.1669 | 0.2128 | 0.2497 |
| Announcement Date | 2/18/20 | 2/16/21 | 2/16/22 | 2/22/23 | 2/21/24 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|
| Net sales 1 | 139.3 | 153 | 166.1 | 181.6 | 200.5 |
| EBITDA 1 | 39.5 | 50.3 | 59.5 | 64.9 | 77.3 |
| EBIT 1 | 33.1 | 43.9 | 52.8 | 58.2 | 70.6 |
| Operating Margin | 23.76% | 28.69% | 31.79% | 32.05% | 35.21% |
| Earnings before Tax (EBT) 1 | 17.9 | 27.7 | 36.9 | 42.6 | 55.6 |
| Net income 1 | 13.5 | 20.8 | 27.6 | 32 | 41.7 |
| Net margin | 9.69% | 13.59% | 16.62% | 17.62% | 20.8% |
| EPS | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | - | - | - | - | - |
1AUD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 163 | 796 | 1,973 | 1,880 | 2,297 | 2,645 |
| Net Cash position 1 | 36.1 | 108 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 1.847 x | 7.454 x | 24.18 x | 21 x | 18.87 x | 17.96 x |
| Free Cash Flow 1 | - | - | 62.9 | -297 | 18.1 | 34.4 | 51.8 | 69.3 |
| ROE (net income / shareholders' equity) | 17.2% | 15.5% | 18.1% | 15.9% | 10.6% | 11.7% | 16.8% | 19.7% |
| ROA (Net income/ Total Assets) | 9.03% | 6.65% | 7.62% | 3.94% | 1.43% | 1.3% | 1.8% | 2.3% |
| Assets 1 | 260.1 | 398.4 | 420.6 | 1,139 | 2,176 | 2,810 | 3,217 | 3,370 |
| Book Value Per Share 2 | - | - | 2.570 | 2.560 | 2.490 | 2.420 | 2.540 | 2.680 |
| Cash Flow per Share 2 | 0.1800 | - | 0.4300 | -1.700 | 0.1300 | 0.3600 | 0.4900 | 0.6100 |
| Capex 1 | 2.77 | 0.4 | 2.21 | 12.9 | 4.12 | 10.9 | 11.4 | 12 |
| Capex / Sales | 1.75% | 0.25% | 0.95% | 4.26% | 1.52% | 3.61% | 3.18% | 2.92% |
| Announcement Date | 2/18/20 | 2/16/21 | 2/16/22 | 2/22/23 | 2/21/24 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
4.42
AUD
Average target price
6.465
AUD
Spread / Average Target
+46.26%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -19.93% | 470M | |
| +15.32% | 84.55B | |
| +12.36% | 26.01B | |
| -6.65% | 17.28B | |
| +13.32% | 16.57B | |
| +6.74% | 14.28B | |
| -16.11% | 13.16B | |
| +16.00% | 9.52B | |
| +26.11% | 8.75B | |
| +27.22% | 7.13B |
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- Financials MA Financial Group Limited
