MQG:ASXMacquarie Group, Ltd. Analysis

Macquarie Group is trading at $238.55, essentially flat on its 20‑day SMA (238.53) and comfortably above the 50‑day (227.62) and 200‑day (215.34) averages, underscoring a bullish trend despite a bearish MACD histogram (-1.10) and a neutral RSI (54). The stock sits above its near‑term support at $230.44 with resistance near $249.49, while volatility remains elevated at ~23% over 30 days and beta is modest at 0.91, suggesting market‑aligned price swings.
Fundamentally, revenue grew 5.8% YoY and profit margins stay strong (operating 28.4%, net 21.1%). EPS is projected to rise from 9.71 to 12.28, pulling the forward P/E down to 19.4, yet the trailing P/E of 24.6 sits well above the industry average of 16.5, flagging potential overvaluation. The dividend yield of 3.43% is attractive but the payout ratio of 67% is backed by negative operating cash flow and a net cash deficit after debt, raising questions on sustainability. Recent material news – a 30% jump in FY profit and the strategic acquisition of a stake in New Zealand’s Contact Energy – adds earnings momentum and diversification, but the cash‑flow backdrop tempers optimism.