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Magellan Financial Group Ltd (BJY) AI Stock Analysis
Magellan Financial Group Ltd
(ASX:BJY)
The score is driven primarily by strong financial resilience (very conservative balance sheet and generally good cash conversion) despite meaningful revenue and profitability deterioration. Valuation is supported by a very high dividend yield, while technicals remain a headwind with the stock below key short- and medium-term moving averages.
Magellan Financial Group Ltd (BJY) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 2.33B
- Dividend Yield
- 7.67%
- Average Volume (3M)
- 1.15M
- Price to Earnings (P/E)
- 15.6
- Beta (1Y)
- 0.70
- Revenue Growth
- -17.31%
- EPS Growth
- -45.44%
- Country
- Australia
- Employees
- 113
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Asset Management
Magellan Financial Group Ltd Business Overview & Revenue Model
Company Description
Magellan Financial Group Limited operates as a publicly traded investment management firm. Its core strategy involves deploying capital into global equity markets and listed infrastructure assets across the world. The company was established in 2004...
How the Company Makes Money
Magellan primarily makes money by charging fees for managing client assets. The main revenue stream is management fees, typically calculated as a percentage of funds under management (FUM/AUM) and accrued over time; as AUM rises or falls with net cli...
Magellan Financial Group Ltd Financial Statement Overview
Summary
Financial quality is supported by a very strong balance sheet (near-zero leverage and stable equity) and generally solid cash conversion (free cash flow roughly tracking net income). Offsetting this, operating performance has weakened materially, with revenue declining for five straight years and a sharp latest-year drop alongside lower net income and reduced ROE.
Income Statement
62PositiveBalance Sheet
90Very PositiveCash Flow
75Positive| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 250.20M | 206.78M | 313.54M | 348.67M | 381.15M | 669.43M |
| Gross Profit | 222.13M | 178.71M | 313.27M | 275.90M | 332.18M | 639.05M |
| EBITDA | 113.55M | 113.55M | 236.18M | 270.83M | 273.99M | 443.75M |
| Net Income | 87.92M | 87.92M | 165.02M | 238.76M | 182.66M | 383.01M |
Balance Sheet | ||||||
| Total Assets | 1.14B | 1.14B | 1.09B | 1.09B | 1.20B | 1.24B |
| Cash, Cash Equivalents and Short-Term Investments | 351.96M | 351.96M | 170.15M | 322.57M | 375.11M | 421.57M |
| Total Debt | 2.02M | 2.02M | 5.11M | 7.61M | 10.17M | 12.55M |
| Total Liabilities | 81.39M | 81.39M | 90.50M | 69.72M | 236.47M | 214.64M |
| Stockholders Equity | 1.06B | 1.06B | 1.00B | 1.02B | 962.50M | 1.03B |
Cash Flow | ||||||
| Free Cash Flow | 127.78M | 127.78M | 153.07M | 46.93M | 186.47M | 434.37M |
| Operating Cash Flow | 127.98M | 127.98M | 153.40M | 47.38M | 186.58M | 434.63M |
| Investing Cash Flow | 87.18M | 87.18M | -122.13M | 81.23M | 16.47M | 134.75M |
| Financing Cash Flow | -34.30M | -34.30M | -185.48M | -179.54M | -250.61M | -364.94M |
Magellan Financial Group Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BJY, the sentiment is Negative. The current price of 8.47 is above the 20-day moving average (MA) of 8.13, above the 50-day MA of 8.44, and below the 200-day MA of 9.02, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 46.27 is Neutral, neither overbought nor oversold. The STOCH value of 47.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BJY.
Magellan Financial Group Ltd Peers Comparison
Overall Rating
AU:BJY71Outperform
AU:L1G69Neutral
AU:PNI69Neutral
AU:PPT63Neutral
AU:AMP49Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 71Outperform | AUD 2.33B | 15.58 | 8.75% | 7.67% | -17.31% | -45.44% | |
| 69Neutral | AUD 2.96B | 18.99 | 49.77% | 2.54% | 586.06% | 463.96% | |
| 69Neutral | AUD 3.63B | 19.66 | 16.92% | 3.71% | 22.38% | 22.74% | |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| 63Neutral | AUD 2.01B | 22.27 | 5.64% | 6.89% | -16.00% | ― | |
| 49Neutral | AUD 5.64B | 28.85 | 5.08% | 2.35% | -4.68% | 4.33% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:BJY | Magellan Financial Group Ltd | 8.47 | -0.41 | -4.58% | |
| AU:AMP | AMP Limited | 2.13 | 0.45 | 27.01% | |
| AU:PPT | Perpetual Limited | 17.70 | -0.18 | -1.00% | |
| AU:L1G | Platinum Asset Management Ltd | 1.18 | 0.12 | 11.43% | |
| AU:PNI | Pinnacle Investment Management Group Limited | 16.19 | -1.43 | -8.14% |
Magellan Financial Group Ltd Corporate Events
Barrenjoey files final director interest notice as John Eales exits board
Former director John Eales has ceased to be a director of Barrenjoey Group Limited effective 22 October 2026, with the company lodging a final director’s interest notice with the ASX. The filing details his remaining holdings in Magellan Financ...
Magellan Financial Group Rebrands as Barrenjoey Group, Changes ASX Ticker to BJY
Magellan Financial Group Ltd, a diversified Australian financial services group with operations in Australia, New Zealand, Hong Kong, the UAE, the UK and the U.S., has formally rebranded as Barrenjoey Group Limited following shareholder approval. The...
Magellan Financial Group Consolidates Company Secretary Role After Resignation
Magellan Financial Group Ltd has announced the resignation of joint company secretary Sam Mosse, effective immediately, reflecting a change in its senior governance structure. The diversified financial services group confirmed that existing company s...
Magellan Shareholders Back Board Slate and Rebrand to Barrenjoey Group
Magellan Financial Group Ltd has reported that all resolutions put to shareholders at its 2026 Annual General Meeting were approved by the requisite majority, including the adoption of the remuneration report and the election or re-election of eight...
Magellan-Barrenjoey Merger Drives Rebrand and Diversified Growth Strategy
Magellan Financial Group Ltd, a diversified Australian financial services company with operations across multiple global financial centres, now spans financial markets, corporate finance and investment management. The group, historically known as a s...
Magellan Financial Group Reports Lapse of Conditional Equity Securities
Magellan Financial Group has notified the market of the cessation of several classes of equity-linked securities, including matching awards, employee equity grants, long-term incentive plan units and options, after the underlying conditions were not...
Magellan Financial Group exits substantial holding in Chimeric Therapeutics
Magellan Financial Group Ltd and its related entities have notified Chimeric Therapeutics Limited that they have ceased to be a substantial holder in the company as of 2 October 2026. The change, formally lodged under Australia’s Corporations A...
Magellan exits substantial shareholder position in Premier Investments
Magellan Financial Group Ltd and its related entities have notified Premier Investments Limited that they have ceased to be substantial shareholders as of 30 September 2026. The change, lodged under Australia’s Corporations Act, indicates that...
Magellan Director Increases Shareholding Through Equity Plan Vesting
Magellan Financial Group has reported a change in the holdings of director Andrew Formica following the vesting of equity plan awards. Formica’s interest in the company now totals 71,060 ordinary fully paid shares, alongside existing units in M...
Magellan Issues New Shares Following Conversion of Unquoted Securities
Magellan Financial Group Limited has issued 29,180 new ordinary fully paid shares following the exercise or conversion of previously unquoted securities. The issuance, effective 20 September 2026 and disclosed via an Appendix 3G, modestly increases t...
Magellan Sets October AGM to Vote on Barrenjoey Rebrand
Magellan Financial Group Ltd has released its 2026 Annual General Meeting materials, including the notice of meeting, voting and proxy forms, and shareholder access information, which are now available via its website. The AGM will be held on 22 Octo...
Magellan Financial Group Issues Voluntary Climate Report for 2026
Magellan Financial Group has released a voluntary Climate Report for the year ended 30 June 2026, outlining its approach to climate-related issues across governance, strategy, risk management, and metrics and targets. The report signals the company&#...
Magellan Sets Out FY26 Investor Report for Combined Group With Barrenjoey
Magellan Financial Group Ltd, listed on the ASX as MFG, operates in the asset management and broader financial services industry. Through its association and merger activity with Barrenjoey, it is expanding its footprint across capital markets, advis...
Magellan Sets Agenda for FY26 Results and FY27 Strategic Focus
Magellan Financial Group has outlined the agenda for its full-year financial results presentation for the year ended 30 June 2026. The briefing will cover a group update on the relationship between Magellan and Barrenjoey, detailed FY26 financial res...
Magellan Declares Interim Dividend of AUD 0.255 Per Share
Magellan Financial Group Ltd has declared an interim dividend of AUD 0.255 per ordinary fully paid share, covering the six-month period to 30 June 2026. The stock will trade ex-dividend on 1 September, with a record date of 2 September and payment sc...
Magellan Profit Slumps but Maintains Dividend as It Fully Acquires Barrenjoey
Magellan Financial Group has reported a sharp decline in its statutory results for the year to 30 June 2026, with total revenue down 39 per cent to $195.6 million and net profit after tax falling 47 per cent to $87.9 million. The weaker statutory out...
Magellan Director’s Holdings Adjusted After Airlie Small Companies Fund Closure
Magellan Financial Group has reported a change in director Andrew Formica’s relevant interests following the termination of the Airlie Small Companies Fund. The fund, part of Magellan’s Airlie-branded offering, ceased with effect from 27...
Magellan releases financial templates ahead of Barrenjoey merger consolidation
Magellan Financial Group has released detailed financial templates ahead of its full-year 2026 results, reflecting the completion of its merger with Barrenjoey Capital Partners on 1 July 2026 and its evolving ownership stake. For FY26, Magellan will...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 28, 2026