MFG 3.18% $8.43 magellan financial group limited

where the $%#@_ did u get $4.37bn valuation from? it barely cut...

  1. 3,638 Posts.
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    where the $%#@_ did u get $4.37bn valuation from? it barely cut its first "profit" this year, ~$8m by my guesstimate ($3m net MFG)....u valuing it at ++500 times P/E? tongue.pngtongue.png

    carrying value is $123m which dropped ~$10m (impairment in 2023 annual report):
    https://hotcopper.com.au/data/attachments/6136/6136502-503507688077155725547bc0c4f82333.jpg
    or valuation, (spoken about at length before), if you use Barclays top up:
    https://hotcopper.com.au/data/attachments/6136/6136507-741bc69662a94e7cfaa35aebcd5742dd.jpg
    8.3% = $75m, so 36% = $325m

    Fair value somewhere in between? If they can prove themselves....? rolleyes.pngconfused.pngrolleyes.png difficult to cashflow project when they're still profit virgins...

    as Pauline would say...

    "PLEASE EXPLAIN" tongue.pngtongue.png

    $4bn! dreamin'

 
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