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Australian Foundation Investment Co. Ltd.
(Sydney:AFI)
Australian Foundation Investment Co. Ltd. (AFI) vs. iShares MSCI Australia ETF (EWA)
Australian Foundation Investment Co. Ltd. Business Overview & Revenue Model
Australian Foundation Investment Co. Ltd. Earnings Call Summary
Australian Foundation Investment Co. Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 326.75M | 330.42M | 339.25M | 348.74M | 393.21M | 265.29M |
| Gross Profit | 326.15M | 330.42M | 337.85M | 350.01M | 394.05M | 265.29M |
| EBITDA | 469.82M | 307.45M | 0.00 | -1.26M | -845.00K | -1.83M |
| Net Income | 277.64M | 284.91M | 296.17M | 309.76M | 360.54M | 234.65M |
Balance Sheet | ||||||
| Total Assets | 9.94B | 10.58B | 9.92B | 8.96B | 8.27B | 9.12B |
| Cash, Cash Equivalents and Short-Term Investments | 131.56M | 280.77M | 171.89M | 169.22M | 149.60M | 101.87M |
| Total Debt | 0.00 | 10.00M | 10.00M | 10.00M | 10.00M | 0.00 |
| Total Liabilities | 1.59B | 1.84B | 1.66B | 1.41B | 1.28B | 1.56B |
| Stockholders Equity | 8.34B | 8.74B | 8.26B | 7.56B | 6.99B | 7.56B |
Cash Flow | ||||||
| Free Cash Flow | 279.20M | 279.08M | 289.35M | 317.68M | 277.76M | 178.77M |
| Operating Cash Flow | 279.49M | 279.26M | 289.35M | 317.68M | 277.76M | 178.77M |
| Investing Cash Flow | -35.66M | 149.99M | -51.99M | -66.33M | -19.19M | 28.98M |
| Financing Cash Flow | -406.38M | -314.97M | -236.25M | -230.58M | -211.07M | -221.95M |
Australian Foundation Investment Co. Ltd. Technical Analysis
Australian Foundation Investment Co. Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$64.02M | 7.05 | 32.22% | 6.39% | 22.67% | 19.47% | |
70 Outperform | ― | 31.01 | 3.29% | 4.39% | -2.60% | -4.34% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
55 Neutral | AU$64.22M | 9.58 | 8.35% | 7.22% | 21.16% | 47.24% | |
53 Neutral | AU$30.12M | 53.68 | 2.42% | 2.03% | 18.17% | ― | |
46 Neutral | AU$248.44M | -54.20 | 0.31% | ― | 36.51% | ― |
Australian Foundation Investment Co. Ltd. Corporate Events
Australian Foundation Investment Company has announced that it will present its half-year financial year 2025/26 results via a shareholder webcast on 21 January 2026 at 3:30 p.m. AEDT. The company is making the webcast and accompanying presentation materials accessible online through its website, enabling shareholders to view the briefing and submit questions, reinforcing its ongoing engagement and transparency with investors regarding its interim performance.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company Limited has announced it will conduct an on‑market buy-back of its ordinary fully paid shares listed on the ASX under the code AFI. The buy-back signals an active approach to capital management, potentially supporting the company’s share price and offering an avenue to return capital to shareholders, though specific scale and timing details have not been disclosed in the notification.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company has declared a fully franked interim dividend of AUD 0.145 per ordinary share for the six months to 31 December 2025, with an ex-dividend date of 2 February 2026, a record date of 3 February 2026 and payment scheduled for 26 February 2026. The announcement, which also sets a dividend reinvestment plan election deadline of 4 February 2026, underlines AFIC’s ongoing focus on delivering consistent income to shareholders and may be seen as a signal of steady portfolio performance and continued confidence in its long-term investment strategy.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company reported a 4.6% decline in half-year profit after tax to $147.0 million for the six months to 31 December 2025, as revenue from operating activities fell 2.8% to $168.7 million and investment income softened to $160.6 million amid lower dividends from major holdings such as BHP, Woodside Energy and Woolworths, as well as reduced positions in Commonwealth Bank and Wesfarmers. Despite underperforming the S&P/ASX 200 Accumulation Index with a negative 2.0% portfolio return for the half-year and a 1.2% return over 12 months, AFIC maintained its shareholder payout with a fully franked interim dividend of 12.0 cents per share plus a 2.5 cent special dividend, continued to offer its DRP and DSSP (with an intention, subject to market conditions, to buy back the shares issued under these plans), and reported lower net tangible assets per share of $7.90 compared with $8.24 a year earlier.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company has reported an estimated pre-tax net tangible asset (NTA) backing of $8.05 per share as at 16 January 2026, compared with its ASX closing share price of $7.18 on the same date. The unaudited, indicative NTA figure, calculated before allowing for deferred tax on unrealised gains or losses, highlights a discount of the market share price to the underlying asset backing, a metric closely watched by investors in listed investment companies when assessing valuation and market sentiment.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company has reported an estimated pre-tax net tangible asset backing of $7.89 per share as at 9 January 2026, compared with its ASX closing share price of $7.15 on the same date. The unaudited, indicative figure highlights that AFIC’s underlying portfolio value remains above its market price, which may be of interest to investors assessing the discount or premium at which the company’s shares trade relative to their asset backing.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company Limited has scheduled the release of its half-year financial results for Wednesday, 21 January 2026, and will brief shareholders via a live webcast that afternoon at 3.30 p.m. AEDT. Supporting shareholder presentation materials will be lodged with the ASX and made available on the company’s website on the same day, underscoring AFIC’s ongoing focus on transparent disclosure and direct engagement with its investor base ahead of the interim reporting period.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company reported a largely steady net tangible asset (NTA) backing as at 31 December 2025, with before-tax NTA per share at $7.90 and after-tax NTA at $6.66, essentially unchanged from November, underscoring the stability of its $9.9 billion portfolio despite market dispersion. AFIC’s top holdings remain concentrated in major Materials and Financials names such as BHP, the big four banks and CSL, reflecting broad exposure to the sectors that drove the S&P/ASX 200 Accumulation Index’s 1.3 per cent gain for December and 10.3 per cent return over the year, while the portfolio’s structure—dominated by banks, materials, industrials and healthcare—positions shareholders to benefit from strong resources and financials performance amid pronounced weakness in technology and healthcare stocks over 2025.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company Limited has reported an estimated unaudited pre-tax net tangible asset (NTA) backing of $7.92 per share as at 2 January 2026, compared with its ASX closing share price of $7.16 on the same date. The NTA figure, which is based on investments at market value before allowing for deferred tax on unrealised gains or losses, suggests the company’s shares were trading at a discount to their underlying asset backing, a key valuation signal for existing and prospective investors in the listed investment company sector.
The most recent analyst rating on (AU:AFI) stock is a Buy with a A$8.00 price target. To see the full list of analyst forecasts on Australian Foundation Investment Co. Ltd. stock, see the AU:AFI Stock Forecast page.
Australian Foundation Investment Company Limited (AFIC) has reported an estimated pre-tax net tangible asset (NTA) backing of $7.93 per share as at 24 December 2025, compared with its ASX closing share price of $7.15 on the same date. The company noted that the NTA figure is unaudited, indicative only, and calculated based on investments at market value before allowing for deferred tax on unrealised gains or losses, providing shareholders and market participants with an updated snapshot of AFIC’s underlying portfolio value relative to its traded share price.
Australian Foundation Investment Company Limited has released an estimated pre-tax net tangible asset (NTA) backing of $7.84 per share as at 19 December 2025, compared with its ASX closing share price of $7.06 on the same date. The indicative, unaudited NTA figure, calculated based on investments at market value before deferred tax on unrealised gains or losses, suggests the portfolio’s underlying asset value is trading at a premium to the market price, information that may be closely watched by current and prospective investors assessing valuation and discount-to-NTA dynamics.
Australian Foundation Investment Company Limited has announced its estimated net tangible asset (NTA) backing per share as of December 12, 2025, at $7.91, compared to its share price of $7.12 on the same date. This announcement highlights the company’s current valuation status and provides stakeholders with insights into its financial health, potentially impacting investor decisions and market perception.
Australian Foundation Investment Company Limited announced its estimated net tangible asset (NTA) backing per share as of December 5, 2025, at $7.91, compared to the ASX closing share price of $7.11 on the same date. The pre-tax NTA is indicative and unaudited, reflecting investments at market value before accounting for deferred tax on unrealized gains or losses, which may impact stakeholders’ perception of the company’s financial health.
AFIC reported a decrease in its net tangible asset (NTA) backing per share as of November 30, 2025, with before-tax NTA at $7.91 and after-tax NTA at $6.66, reflecting a decline from the previous month. The company’s portfolio, valued at $10 billion, is diversified across various sectors, with significant investments in banks, materials, and industrials. Despite a challenging market environment marked by a 2.7% decline in the S&P/ASX 200 Accumulation Index due to higher bond yields and inflation, AFIC maintains a strong position with a focus on long-term growth and capital enhancement.
Australian Foundation Investment Company Limited has announced key dates for the first half of 2026, including the interim results announcement and shareholder webinar scheduled for January 21, 2026. The company also outlined the timeline for its interim dividend, with the ex-date on February 2, 2026, and the payment date set for February 26, 2026, subject to board approval. These announcements are crucial for stakeholders as they provide insights into the company’s financial performance and dividend distribution plans, which can impact investor decisions and market positioning.
Australian Foundation Investment Company Limited announced its estimated net tangible asset (NTA) backing per share as of November 28, 2025, which stands at $7.91. The company’s share price on the ASX closing on the same date was $7.11. This information, although unaudited and indicative, provides stakeholders with a snapshot of the company’s market valuation and financial health, potentially influencing investment decisions.
Australian Foundation Investment Company Limited announced the cessation of 835,555 ordinary fully paid securities due to an on-market buy-back, effective November 27, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and signaling confidence in its financial position, which may influence investor sentiment positively.
Australian Foundation Investment Company Limited has announced its intention to distribute a special dividend of 2.5 cents per share, fully franked, alongside its interim and final dividends for 2026. This decision reflects the company’s substantial franking credit balance, accumulated through realized capital gains, and aims to benefit shareholders without affecting ordinary dividends. Additionally, the board will consider further capital management initiatives for the next financial year, taking into account the franking credits and realized capital gains.
Australian Foundation Investment Company Limited (AFIC) has announced its estimated net tangible asset (NTA) backing per share as of November 21, 2025, at $7.75, while the share price closed at $7.01 on the ASX. This announcement provides stakeholders with an insight into the company’s asset valuation, highlighting a potential undervaluation in the market, which could influence investor decisions and market perceptions.
Australian Foundation Investment Company Limited announced an estimated pre-tax net tangible asset (NTA) backing per share of $7.90 as of November 14, 2025, compared to its share price of $7.20 on the ASX. This announcement highlights the company’s current market valuation and provides insight into its financial standing, which may influence investor perceptions and decisions.
Australian Foundation Investment Company Limited has announced an upcoming information meeting for its shareholders in Auckland. The meeting, scheduled for December 1, 2025, will cover the company’s financial performance and investments, offering an opportunity for shareholders to engage with the company’s management. This initiative reflects the company’s commitment to transparency and shareholder engagement, potentially strengthening its relationship with stakeholders.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing share buy-back program. As of November 11, 2025, the company has repurchased a total of 18,230,678 ordinary fully paid securities, including 223,944 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
Australian Foundation Investment Company Limited announced the cessation of 4,714,314 ordinary fully paid securities as part of an on-market buy-back. This move reflects the company’s strategy to optimize its capital structure, potentially enhancing shareholder value and indicating confidence in its financial position.
Australian Foundation Investment Company Limited (AFIC) announced its estimated net tangible asset (NTA) backing per share as of November 7, 2025, at $8.04, compared to its ASX closing share price of $7.39 on the same date. This announcement provides stakeholders with an insight into the company’s financial health and market valuation, indicating a potential undervaluation of its shares in the market.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 17,786,734 ordinary fully paid securities, with an additional 220,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital efficiently and potentially enhance shareholder value.
AFIC reported a slight decrease in its net tangible asset (NTA) backing per share for October 2025, with before-tax NTA at $8.13 and after-tax NTA at $6.81. The company’s diversified portfolio, primarily consisting of ASX-listed equities, saw varying impacts across sectors, with significant gains in the Materials sector due to a US-Australia investment agreement and losses in Information Technology and Consumer Discretionary sectors. The overall market, represented by the S&P/ASX 200 Accumulation Index, experienced a modest gain of 0.4% for the month. AFIC’s top investments include major companies like BHP, Commonwealth Bank, and National Australia Bank, which collectively represent a significant portion of its portfolio.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing share buy-back program. As of November 7, 2025, the company has repurchased a total of 17,786,734 ordinary fully paid securities, including 192,400 shares bought back on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and providing a return of capital to shareholders.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing share buy-back program. As of November 6, 2025, the company has repurchased a total of 17,395,123 securities, with an additional 199,211 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
Australian Foundation Investment Company Limited has announced an update on its ongoing on-market buy-back program, reporting the buy-back of 159,192 ordinary fully paid securities on the previous day, bringing the total to 17,235,931 securities bought back to date. This buy-back initiative is part of the company’s strategy to optimize capital management and enhance shareholder value, reflecting a proactive approach to managing its equity base and potentially impacting its market positioning positively.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing share buy-back program. As of November 4, 2025, the company has repurchased a total of 16,930,936 ordinary fully paid securities, with an additional 304,995 shares bought back on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of outstanding shares, which can potentially increase earnings per share and provide a more efficient capital structure.
Australian Foundation Investment Company Limited announced its estimated net tangible asset (NTA) backing per share as of October 31, 2025, at $8.12, compared to the ASX closing share price of $7.45 on the same date. This unaudited and indicative figure reflects the market value of investments before accounting for deferred tax on unrealized gains or losses, providing stakeholders with insights into the company’s financial health and market positioning.
Australian Foundation Investment Company Limited has announced an update on its ongoing on-market buy-back program. As of November 3, 2025, the company has repurchased a total of 16,930,936 ordinary fully paid securities, including 297,000 bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
Australian Foundation Investment Company Limited has announced an update on its ongoing share buy-back program. As of October 30, 2025, the company has bought back a total of 15,978,936 securities, with an additional 364,500 securities repurchased on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
Australian Foundation Investment Company Limited announced a correction to a previously submitted Change of Director’s Interest Notice for Mr. Richard Murray, adjusting the date of change to ’23-28 October 2025′. This correction ensures accurate reporting of Mr. Murray’s interests in the company’s securities, maintaining transparency and compliance with ASX regulations, which is crucial for stakeholder trust and corporate governance.
Australian Foundation Investment Company Limited has announced a change in the director’s interest, specifically involving Rebecca Dee-Bradbury. On October 24, 2025, Ms. Dee-Bradbury acquired 6,080 ordinary shares at a price of $7.35 per share through LMH Investments Pty Ltd. This change reflects the company’s ongoing governance and management adjustments, potentially impacting shareholder perceptions and director engagement.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing share buy-back program. As of October 29, 2025, the company has repurchased a total of 15,978,936 ordinary fully paid securities, with 290,988 bought back on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting its commitment to delivering long-term benefits to its investors.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest update, the company has repurchased a total of 15,330,453 ordinary fully paid securities, with an additional 357,495 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and providing a more efficient capital structure.
Australian Foundation Investment Company Limited (AFIC) has announced its estimated net tangible asset (NTA) backing per share as of October 24, 2025, at $8.29, compared to its share price of $7.38 on the same date. This announcement provides investors with a snapshot of the company’s financial health, indicating a positive difference between the NTA and the share price, which may influence investor perceptions and market activity.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing share buy-back program. As of the latest notification on October 27, 2025, the company has repurchased a total of 15,106,993 shares, with an additional 223,460 shares bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting its commitment to returning capital to investors.