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$8.53 magellan financial group limited

Magellan has underperformed market is pricing in underperforming...

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petertanaka

1,134 Posts.

218

06/12/21

21:40

Post #: 58112966
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Originally posted by Joffrey: ↑

I still think 475-500m net profit is realistic. now on a forward multiple of around roughly 12.

Low PE Ratio's are indictive of a decline in future earnings. But what type of decline are we talking here? like loans fund investments can be very sticky. I saw above someone said the div yield is now over 5%, I reckon the forward yield is closer to 7%. Is it reasonable to assume Magellan FUM remains stubborn and at the current price has the capacity to pay over 20% in dividends over the next 3 years based on the current share price.

of course momentum is important. The market will rank a stock higher if its earnings for the next 5 years will be 1,2,3,4,5, relative to a company whose earnings will be in reversal from 5,4,3,2,1, even though from a time value of money perspective the latter is better.

That's why I am positive n Magellan - its capacity to pay out near term dividends. This company accrues its fees daily. So despite the net outflow, its FUM is growing and all that means is near term earnings will be better.

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Magellan has underperformed

market is pricing in underperforming for the years to come

I don’t agree

i think it will have good years and bad years like all fund managers ….

valuation looks good

MFG Price at posting: $31.08 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $8.53		Change -0.020(0.23%)		Mkt cap ! $1.552B

Open	High	Low	Value	Volume
$8.55	$8.62	$8.52	$1.123M	131.2K

Buyers (Bids)

No.	Vol.	Price($)
20	3361	$8.53

Sellers (Offers)

Price($)	Vol.	No.
$8.55	3494	36

View Market Depth

No.	Vol.	Price($)
19	2845	8.530
10	3747	8.520
10	6782	8.510
9	8213	8.500
5	1789	8.490

Price($)	Vol.	No.
8.550	3392	37
8.560	2994	10
8.570	8535	18
8.580	7905	12
8.590	3145	11

Last trade - 11.59am 21/05/2024 (20 minute delay)


Last $8.54			Change -0.020 ( 0.23 %)
Open	High		Low	Volume
$8.56	$8.61		$8.53	38942
Last updated 12.18pm 21/05/2024 ?

MFG (ASX) Chart