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← CockpitCompetitor Analysis › MAF.AX MA Financial Group LimitedOpen in the cockpit ↗

MA Financial Group LimitedMAF.AXCompetitor analysis, valuation and peers

Australia · AUD·Financials›Investment Managers
Momentum weak 27
Mkt cap
$661M
US dollars, full cap
Free float
53%
of shares outstanding
$/day
$1.35M
20-day average traded
Fwd P/E
10.7×
forward earnings
ROIC−WACC
n/a
WACC 5.7%
Hurdle
n/a
no reverse DCF
Next earnings
111 days
25 Feb 2027
Close · AUDA$5.00
1D-4.9%
1W+5.5%
1M+9.2%
3M-17.4%
6M-23.1%
YTD-54.1%
1Y-47.9%
ATR %4.7%
52w lowhigh57.0% off high

What MA Financial does

Employees: 900

MA Financial at a glance

Size MA Financial (MAF.AX) is an Australia Financials company (Investment Managers) with a market value of $661M, the 232nd largest of 316 Australia companies the cockpit tracks. Shares closed at A$5.00 on 6 Nov 2026.

Performance Over six months the shares fell 23.1%, against -3.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 42.2% over the last twelve months (peer median +7.9%); the operating margin is 32.9% (peer median 59.1%).

Valuation It trades at 10.7× forward earnings against a peer median of 8.6× (7th most expensive of 15).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 97MAF.AX 77
Six months, rebased to 100: MA Financial against the median of its 20 peers (local-currency closes).

MA Financial financials

Reported figures in AUD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueA$2.07BA$1.79BA$1.21BA$917MA$778M
Revenue growth—+48%+32%+18%—
Gross profitA$1.09BA$844MA$549MA$372MA$317M
EBITDAA$725MA$534MA$318MA$178MA$119M
Net incomeA$20.1MA$10.4MA$41.8MA$28.5MA$44.9M
Free cash flow-A$4.77B-A$4.62B-A$2.35B-A$1.14B-A$290M
Capital expenditureA$13.8MA$11.1MA$6.87MA$4.12MA$12.9M
Total debtn/aA$8.84BA$4.56BA$2.23BA$1.01B

Quarterly statements and history in the cockpit →

MA Financial competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-20%-10%0%+10%3887AGF-BRPLLFGEVLIORES8595POLNQALMUXVINPAD-UNTAMYF8CVGIDIP4765KBDC5842HANMAF.AX6-month return →1-month return →
Up and to the right = strong over both horizons. MA Financial is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%5×10×15×AGF-BRPLLFGEVLI8595POLNQALMUXVINPAD-UNYF8IDIPMAF.AXRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. MA Financial is the large dot.

MA Financial competitors and peer comparison

How MA Financial compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

MA Financial against its 20 peers (data as of 6 Nov 2026)
MeasureMAF.AXPeer medianRank in peer set
1-month return+9.2%-0.6%2nd highest of 21
6-month return-23.1%-3.8%3rd lowest of 21
Distance from 52-week high-57.0%-22.0%3rd lowest of 21
Revenue growth (TTM)+42.2%+7.9%3rd highest of 21
Operating margin32.9%59.1%6th lowest of 21
Forward P/E10.7×8.6×7th most expensive of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
MA Financial MAF.AXAustralia$661M-23%+42%33%10.7×n/an/a
HashKey 3887.HKHong Kong$660M-56%+34%-130%n/an/an/a
AGF Management AGF-B.TOCanada$662M-13%+12%31%6.9×n/an/a
Regal Partners RPL.AXAustralia$626M-15%+97%56%7.2×n/an/a
Liberty Financial LFG.AXAustralia$705M+3%-3%70%6.4×n/an/a
Evli EVLI.HEFinland$614M-7%+13%41%14.6×n/an/a
Investment AB Oresund ORES.STSweden$712M+8%-8%741%n/an/an/a
JAFCO 8595.TJapan$713M-1%-38%27%18.1×n/an/a
Pollen Street POLN.LUnited Kingdom$741M+11%-5%68%11.4×n/an/a
Qualitas QAL.AXAustralia$572M-3%+12%46%15.3×n/an/a
Mutares SE & Co. KGaA MUX.DEGermany$769M+2%+17%-10%2.3×n/an/a
Vinci Compass Investments VINPUnited States$564M-21%+38%37%9.2×n/an/a
Alaris Equity Partners Income Trust Trust Units Reg S 3c7 AD-UN.TOCanada$780M-5%+4%62%10.9×n/an/a
Tatton Asset Management TAM.LUnited Kingdom$545M+8%+20%46%15.9×n/an/a
Yangzijiang Financial YF8.SISingapore$545M-22%-74%103%6.1×n/an/a
Clairvest CVG.TOCanada$808M+15%-94%1,366%n/an/an/a
Institut de Developpement Industriel SCA IDIP.PAFrance$537M-8%-12%550%8.0×n/an/a
SBI Global Asset Management 4765.TJapan$535M+2%+263%22%n/an/an/a
Kayne Anderson BDC KBDCUnited States$820M-17%-3%70%7.9×n/an/a
Integral 5842.TJapan$530M-31%-18%100%n/an/an/a
Hansa Investment HAN.LUnited Kingdom$830M+12%+27%418%n/an/an/a

Questions

Which companies are MA Financial's closest peers?
The cockpit's peer set: HashKey (3887.HK), AGF Management (AGF-B.TO), Regal Partners (RPL.AX), Liberty Financial (LFG.AX), Evli (EVLI.HE), Investment AB Oresund (ORES.ST), JAFCO (8595.T), Pollen Street (POLN.L).
Is MA Financial expensive compared with its peers?
On forward p/e it trades at 10.7× against a peer median of 8.6×, 7th most expensive of 15 in its peer set.
How has MA Financial stock performed?
Over six months to 6 Nov 2026 the shares returned -23.1% against -3.8% for the median peer; over one year -47.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.