not really
the only reason the SP was 65 because investors factored in growth
I did a simple model, where i assume an annual outflow of 12%, underlying fund performance of 8%, and discount cashflows at 8%, and get a fair value market cap of 2.4bn. The marketcap is currently 4bn
There are other structural problems with a 12% outflow that i havent factored in as well (e.g. talent leaving)
CGF has a big funds management business, and is growing, and trades on a lower multiple than this
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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 |