Magellan Financial Group Ltd

MFG: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$87.10	Ctgjm	Rzcjkmssm

Magellan’s Revenue Streams Continue to Diversify, FVE Lifted to AUD 60.00

Adam Fleck , Shaun Ler

Dec 23, 2020

We marginally lift our fair value estimate on narrow-moat Magellan Financial Group to AUD 60.00 from AUD 58.00 previously, after incorporating the time value of money and adjusting our working capital assumptions. At present, shares are trading broadly in line with our fair value estimate, offering a fiscal 2021 dividend yield of 4.2%.

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