MFG achieved high FUM growth from net fund flows and investment performance up to January 2020.
Which resulted in growth in Management fees, Performance fees and Gains from seed investments and therefore EPS and dividends growth. The high growth justify high PE ratio.
The poor investment performance in the year from February 2020 cast doubts on whether the funds will achieve good investment performance in future. Net fund flows, EPS and dividends growth requires consistent good investment performance. MFG is priced as a growth stock with PE ratio at 23 and need to demonstrate EPS growth in the HY report.
Ann: Funds Under Management - January 2021, page-40
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Last
$10.69 |
Change
0.150(1.42%) |
Mkt cap ! $1.838B | |||
| Open | High | Low | Value | Volume |
| $10.55 | $10.88 | $10.43 | $8.379M | 783.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3749 | $10.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.76 | 13194 | 5 |
View Market Depth
| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| MFG (ASX) Chart |