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Macquarie Group Ltd MQG

Rating as of

Morningstar’s Analysis

Valuation
Currency in AUD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Macquarie Needs Strong Growth Across All Divisions to Justify Current Share Price

Nathan Zaia Equity Analyst

Analyst Note

| Nathan Zaia |

Our earnings forecasts and AUD 135 fair value estimate are maintained following narrow-moat Macquarie’s trading update. We maintain our fiscal 2022 forecast of AUD 2.8 billion, which is down 6.5% on last year.

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Company Profile

Business Description

Macquarie Group began trading in 1969 as Hill Samuel Australia, obtained its bank licence in 1985, and listed in 1996. It's Australia's only sizable listed investment bank, now internationally diversified, operating in corporate finance, treasury, commodities, equity markets, and funds management. The firm pioneered the buying of assets and rolling them into funds, providing a captive client for the group. Most of these funds were dissolved during the GFC, but the lucrative income source has been replaced by the growing annuity businesses.

Contact
50 Martin Place, Level 6
Sydney, NSW, 2000, Australia
T +61 282323333
Sector Financial Services
Industry Capital Markets
Most Recent Earnings
Fiscal Year End Mar 31, 2022
Stock Type
Employees 16,459