MFG 0.71% $9.92 magellan financial group limited

Ann: Final Results for the year ended 30 June 2023, page-40

  1. 776 Posts.
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    I got 14x by being extremely generous on what they would earn over the next 12 months. IMO they are trading on closer to 18x to 20x the profit they will generate in 2024 FY.

    The past financial year is irrelevant to their future profit given the loss in FUM.
 
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