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MFF Capital Investments Ltd. (MFF) AI Stock Analysis

AU:MFF

MFF Capital Investments Ltd.

(ASX:MFF)

Select Model
Rating:60Neutral
Price Target:AUD 5.50â–²(5.16% Upside)
Action:downgraded
Date:08/19/26

The overall score of 60 reflects a company with a rock-solid, debt-free balance sheet that is currently experiencing a significant cyclical downturn in earnings and cash flow. The primary strength is the company's exceptional financial resilience, which is the most significant factor. This is tempered by the major risk of highly volatile and currently depressed profitability. Positive technical momentum and a solid dividend yield provide some support, but the unpredictable earnings stream remains the key consideration for investors.

Positive Factors
Very low leverageMinimal 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 earningsBecause 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.

MFF Capital Investments Ltd. (MFF) vs. iShares MSCI Australia ETF (EWA)

-10%-5%0%5%10%15%20%AU:MFF+16.51%EWA+15.36%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 3.10B
Dividend Yield
4.11%
Average Volume (3M)
270.74K
Price to Earnings (P/E)
19.0
Beta (1Y)
0.62
Revenue Growth
44.63%
EPS Growth
-63.30%
Country
Australia
Employees
17
Sector
General
Sector Strength
55
Industry
Asset Management

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 of...

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 (or...

MFF Capital Investments Ltd. Financial Statement Overview

Summary

Financial performance is a tale of two extremes. The balance sheet is exceptional (Score 85), with near-zero debt and a massive equity base providing fortress-like stability. However, this is heavily offset by poor scores for the income statement (45) and cash flow (30), which reflect extreme earnings volatility and a 94% drop in free cash flow. The weighted average reflects a company that is financially safe but has highly unpredictable earnings.

Income Statement

45Neutral

Balance Sheet

85Very Positive

Cash Flow

30Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue64.34M64.34M44.49M51.56M10.61M-5.59M
Gross Profit62.04M62.04M42.22M50.08M7.79M-9.80M
EBITDA228.35M228.35M622.26M662.38M478.98M311.01M
Net Income159.59M159.59M431.97M447.36M323.57M217.53M
Balance Sheet
Total Assets2.98B2.98B2.95B2.65B2.33B2.00B
Cash, Cash Equivalents and Short-Term Investments2.97B2.97B200.01M2.65B2.33B2.00B
Total Debt2.26M2.26M6.84M163.19M358.42M134.04M
Total Liabilities454.01M454.01M511.40M575.41M642.40M404.78M
Stockholders Equity2.52B2.52B2.44B2.07B1.69B1.59B
Cash Flow
Free Cash Flow14.23M14.23M336.60M313.19M137.05M-793.29M
Operating Cash Flow15.14M15.14M336.62M313.19M137.05M-793.29M
Investing Cash Flow-46.20M-46.20M13.77M000
Financing Cash Flow-69.45M-69.45M-240.33M-251.99M-142.02M116.19M

MFF Capital Investments Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price5.23

Price Trends

50DMA5.24Negative
100DMA5.16Positive
200DMA4.88Positive

Market Momentum

MACD-0.01Negative
RSI52.14Neutral
STOCH84.42Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MFF, the sentiment is Positive. The current price of 5.23 is above the 20-day moving average (MA) of 5.19, below the 50-day MA of 5.24, and above the 200-day MA of 4.88, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 52.14 is Neutral, neither overbought nor oversold. The STOCH value of 84.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MFF.

MFF Capital Investments Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

AU:MFF against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:L1GAU:L1G69NeutralAUD 2.95B18.5649.77%2.59%586.06%463.96%
AU:MFGAU:MFG67NeutralAUD 2.27B15.588.75%8.34%-17.31%-45.44%
AU:MIRAU:MIR65NeutralAUD 517.06M39.832.07%4.53%45.10%44.28%
AU:PNIAU:PNI64NeutralAUD 3.58B19.5816.92%3.88%22.38%22.74%
AU:PPTAU:PPT63NeutralAUD 2.00B21.875.64%7.06%-16.00%―
AU:MFFAU:MFF60NeutralAUD 3.12B18.986.21%4.11%44.63%-63.30%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-20%0%20%AU:MFFAU:MFGAU:PPTAU:L1GAU:PNIAU:MIRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:MFF and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:MFFMFF Capital Investments Ltd.5.230.7115.76%
AU:MFGMagellan Financial Group Ltd7.79-1.11-12.52%
AU:PPTPerpetual Limited17.28-0.42-2.38%
AU:L1GPlatinum Asset Management Ltd1.160.1211.11%
AU:PNIPinnacle Investment Management Group Limited15.47-2.46-13.73%
AU:MIRMirrabooka Investments Ltd2.31-0.79-25.44%

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 Ju...

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 ar...

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 App...

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. Th...

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 2026....

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 ros...

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. T...

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 lower...

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 divide...

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 Ger...

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 unaudite...

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 – Complex E...

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 increa...

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 a m...

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 cash...

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 dividend...

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 net c...

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 net...

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 net c...

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 dividends...

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.

Date of analysis: Aug 19, 2026