MFG 0.70% $10.02 magellan financial group limited

Ann: Funds Under Management - October 2020, page-13

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,575 Posts.
    lightbulb Created with Sketch. 171
    hi there
    your table leaves out one very important company financial performance metric : ROE.

    according to Commsec, here are PAC ROE figures for the past 5 financial years to 30/6/20
    -25.705.9030.70-1.109.10

    but here are the ROE figures for MFG
    56.2043.8043.3054.5041.50
    with zero debt.

    like chalk and cheese....
    many people would argue a company with ROE under 10% is not achieving an adequate goal.



 
watchlist Created with Sketch. Add MFG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.