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MFF Capital Investments Ltd.
(Sydney:MFF)
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Rating:67Neutral
Price Target:
AU$6.00
â–²(15.83% Upside)
Action:Downgraded
Date:08/19/26
Overall score is driven primarily by strong balance sheet quality offset by volatile earnings and sharply weaker 2026 cash generation. Technicals add support with a clear uptrend and healthy momentum, while valuation is fair with a solid dividend yield but a mid-range P/E.
Positive Factors
Very low leverage
Minimal debt materially reduces financial stress and interest-burden risk. This gives MFF greater resilience during weak investment periods and preserves flexibility to maintain its portfolio without relying heavily on external financing.
Negative Factors
Highly volatile earnings
Because results depend on investment gains, losses and portfolio valuations rather than recurring operating sales, earnings can change sharply between periods. This reduces predictability and makes sustained profitability dependent on market conditions and portfolio decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal debt materially reduces financial stress and interest-burden risk. This gives MFF greater resilience during weak investment periods and preserves flexibility to maintain its portfolio without relying heavily on external financing.
Read all positive factors
MFF Capital Investments Ltd. (MFF) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.13B
Dividend Yield3.56%
Average Volume (3M)270.36K
Price to Earnings (P/E)19.3
Beta (1Y)0.64
Revenue Growth44.63%
EPS Growth-63.30%
CountryAU
Employees17
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.28
Shares Outstanding593,079,650
10 Day Avg. Volume228,081
30 Day Avg. Volume270,362
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)1.18
Price to Sales (P/S)46.29
P/FCF Ratio209.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MFF Capital Investments Ltd. Business Overview & Revenue Model
Company Description
MFF Capital Investments Limited is an investment firm manager. The firm is an internally managed listed public company incorporated in Australia. The firm ceased to be externally managed by Magellan Asset Management in 2013. The principal activity...
How the Company Makes Money
MFF primarily makes money through returns generated on its investment portfolio rather than through operating revenue from selling goods or services. Its key economic drivers are: (1) realized gains (and losses) when it sells securities for more (...
MFF Capital Investments Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
45
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 64.34M | 614.48M | 659.96M | 464.68M | -241.88M |
| Gross Profit | 62.04M | 607.83M | 678.44M | 505.21M | -246.36M |
| EBITDA | 228.35M | 615.62M | 662.38M | 478.98M | -17.06M |
| Net Income | 159.59M | 431.97M | 447.36M | 323.57M | -170.78M |
Balance Sheet | |||||
| Total Assets | 2.98B | 2.95B | 2.65B | 2.33B | 2.01B |
| Cash, Cash Equivalents and Short-Term Investments | 2.97B | 200.01M | 2.65B | 2.33B | 2.01B |
| Total Debt | 2.26M | 6.84M | 163.19M | 358.42M | 401.39M |
| Total Liabilities | 454.01M | 511.40M | 575.41M | 642.40M | 581.59M |
| Stockholders Equity | 2.52B | 2.44B | 2.07B | 1.69B | 1.42B |
Cash Flow | |||||
| Free Cash Flow | 14.23M | 336.60M | 313.19M | 137.05M | -221.63M |
| Operating Cash Flow | 15.14M | 336.62M | 313.19M | 137.05M | -221.63M |
| Investing Cash Flow | -46.20M | 13.77M | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -69.45M | -240.33M | -251.99M | -142.02M | 251.82M |
MFF Capital Investments Ltd. Technical Analysis
Neutral
5.18
Price Trends
5.19
Positive
4.98
Positive
4.83
Positive
Market Momentum
0.04
Positive
50.91
Neutral
12.47
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MFF, the sentiment is Neutral. The current price of 5.18 is below the 20-day moving average (MA) of 5.30, below the 50-day MA of 5.19, and above the 200-day MA of 4.83, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 50.91 is Neutral, neither overbought nor oversold. The STOCH value of 12.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MFF.
MFF Capital Investments Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$4.15B | 22.72 | 16.92% | 3.60% | 22.38% | 22.74% | |
69 Neutral | AU$3.25B | 20.72 | 49.77% | 0.92% | 586.06% | 463.96% | |
67 Neutral | AU$3.13B | 19.35 | 6.21% | 3.67% | 44.63% | -63.30% | |
67 Neutral | AU$3.03B | 13.09 | 14.31% | 5.99% | -12.42% | -36.36% | |
63 Neutral | AU$573.72M | 44.31 | 2.07% | 4.06% | 45.10% | 44.28% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | AU$2.27B | -130.07 | -1.00% | 6.01% | 2.23% | 96.71% |
* General Sector Average
AU:MFF
MFF Capital Investments Ltd.
5.33
0.87
19.53%
AU:MFG
Magellan Financial Group Ltd
10.47
0.34
3.33%
AU:PPT
Perpetual Limited
19.51
-0.76
-3.74%
AU:L1G
Platinum Asset Management Ltd
1.30
0.49
61.27%
AU:PNI
Pinnacle Investment Management Group Limited
17.95
-2.50
-12.22%
AU:MIR
Mirrabooka Investments Ltd
2.57
-0.60
-18.80%
MFF Capital Investments Ltd. Corporate Events
MFF Capital Investments lifts weekly NTA as portfolio remains largely invested
Aug 17, 2026
MFF Capital Investments reported that its unaudited weekly net tangible assets per share as of 14 August 2026 were approximately $5.213 pre-tax, including an 11.0 cent fully franked final dividend, and $4.399 post-tax, up from $4.999 at the end of...
MFF Capital details FY26 results with strong risk and disclosure focus
Aug 13, 2026
MFF Capital Investments Ltd. has released its full-year results presentation for the year ended 30 June 2026, outlining performance outcomes, portfolio positioning and key considerations for shareholders. The document emphasises that the materials...
MFF Capital Files Updated Corporate Governance Statement and Appendix 4G
Aug 13, 2026
MFF Capital Investments Ltd. has released its updated corporate governance statement for the financial year ended 30 June 2026, confirming that the statement is current as of that date and has been approved by the board. The company has lodged an ...
MFF Capital lifts dividends and tweaks reinvestment plans amid strong asset growth
Aug 13, 2026
MFF Capital Investments reported net assets of $2,523 million for the year ended 30 June 2026 and increased total dividends to 21 cents per share, up from 17 cents in the prior year, reflecting its strategy of steadily growing shareholder returns....
MFF Capital Declares Interim Dividend of AUD 0.11 Per Share
Aug 13, 2026
MFF Capital Investments Ltd. has declared a fully franked interim dividend of AUD 0.11 per ordinary share for the six months to 30 June 2026, with an ex-dividend date of 7 October, a record date of 8 October and payment scheduled for 29 October 20...
MFF Capital Lifts Dividend as Profit Falls but Net Assets Grow
Aug 13, 2026
MFF Capital Investments Ltd. reported a sharp fall in revenue and profit for the year to 30 June 2026, with total revenue down 60.5% to $250.1 million and net profit after tax down 63.1% to $159.6 million. Despite the earnings decline, net assets ...
MFF Capital Reports Higher Weekly NTA and Maintains Modest Cash Position
Aug 10, 2026
MFF Capital Investments Ltd. reported that its unaudited weekly net tangible asset per share as of 7 August 2026 was approximately $5.250 pre-tax, up from $4.991 at 30 June 2026, and $4.424 post-tax, indicating a recent increase in portfolio value...
MFF Capital revamps pricing in dividend and bonus share plans
Aug 4, 2026
MFF Capital Investments Ltd. has approved changes to its Dividend Reinvestment Plan and Bonus Share Plan rules, revising the pricing methodology for shares issued to participating investors. Under the new approach, shares will be priced at the low...
MFF Capital Lifts NTA and Maintains Cautious, Quality-Focused Portfolio
Aug 3, 2026
MFF Capital Investments reported an increase in its unaudited net tangible assets per share as at 31 July 2026, with pre-tax NTA rising to $5.176 from $4.991 and post-tax NTA up to $4.372 from $4.241. The board expects to deliver fully franked div...
MFF Capital Sets Date for Full-Year 2026 Results and Webcast
Jul 30, 2026
MFF Capital Investments Ltd. will release its financial results for the year ended 30 June 2026 on Thursday, 13 August 2026, accompanied by an online-only shareholder webcast at 11:00am AEST on the same day. The briefing, led by senior executives ...
MFF Capital Reports Slight Rise in Weekly NTA and Maintains Modest Cash Buffer
Jul 27, 2026
MFF Capital Investments Limited reported that its weekly net tangible assets per share as of 24 July 2026 were approximately $5.012 on a pre-tax basis, up slightly from $4.991 at 30 June 2026, and $4.257 on a post-tax basis, with all figures unaud...
MFF director boosts ETF exposure through distribution reinvestment
Jul 24, 2026
MFF Capital Investments Ltd. reported a change in director Sally Annabelle Chaplain’s indirect interests, reflecting additional units acquired in the Montaka Global Fund – Active ETF and the Montaka Global Extension Fund – Comple...
MFF Director Chris Mackay Boosts Holdings in Montaka ETFs via DRP
Jul 23, 2026
MFF Capital Investments Limited has reported a change in director Chris Mackay’s interests, reflecting additional units acquired in the Montaka Global Fund – Active ETF and the Montaka Global Extension Fund – Complex ETF. The inc...
MFF Capital Posts Higher Weekly NTA and Maintains Modest Cash Position
Jul 13, 2026
MFF Capital Investments reported that its unaudited weekly net tangible assets per share as of 10 July 2026 rose to approximately $5.159 on a pre-tax basis, up from $4.991 at 30 June 2026, with a post-tax figure of about $4.360 after allowing for ...
MFF Capital Reports Weekly NTA Increase and Cash Position
Jul 6, 2026
MFF Capital Investments Ltd. reported that its unaudited weekly net tangible assets per share as at 3 July 2026 rose to approximately $5.139 pre-tax from $4.991 at 30 June 2026, with post-tax NTA at about $4.344. The firm also disclosed that net c...
MFF Capital lifts dividends as strong markets and tech gains bolster NTA
Jul 1, 2026
MFF Capital Investments reported a pre-tax net tangible asset per share of $4.991 and post-tax NTA of $4.241 as at 30 June 2026, alongside an expected fully franked FY26 dividend of 21 cents per share and a cumulative 99.5 cents per share in divid...
MFF Capital updates weekly NTA and cash position
Jun 29, 2026
MFF Capital Investments reported that its weekly net tangible assets per share as of 26 June 2026 were approximately $4.954 on a pre-tax basis, compared with $5.021 a year earlier, and $4.214 on a post-tax basis. The company also disclosed that ne...
MFF Capital Updates Weekly Net Tangible Assets and Cash Position
Jun 22, 2026
MFF Capital Investments Ltd. reported that its weekly net tangible assets per share as of 19 June 2026 were approximately $4.904 on a pre-tax basis, down from $5.021 a year earlier, and $4.179 on a post-tax basis. The company also disclosed that n...
MFF Capital Reports Weekly NTA and Cash Position
Jun 9, 2026
MFF Capital Investments Ltd., an Australian investment company, reported its weekly net tangible asset position, highlighting both pre-tax and post-tax values per share as part of its ongoing disclosure to investors. The firm also disclosed its ne...
MFF Capital Maintains Cautious Stance as NTA Softens and Fully Franked Dividends Continue
Jun 1, 2026
MFF Capital Investments reported preliminary net tangible assets per share of $4.811 pre-tax and $4.125 post-tax as at 29 May 2026, compared with $5.021 and $4.167 respectively at 30 June 2025. The company expects to pay fully franked FY26 dividen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.