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L1 Long Short Fund Ltd.
(Sydney:LSF)
L1 Long Short Fund Ltd. (LSF) vs. iShares MSCI Australia ETF (EWA)
L1 Long Short Fund Ltd. Business Overview & Revenue Model
L1 Long Short Fund Ltd. Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 403.87M | 431.92M | 67.03M | 43.66M | 77.44M |
| Gross Profit | 403.87M | 285.68M | -95.44M | -60.49M | 888.79M |
| EBITDA | 0.00 | 226.98M | -106.50M | -96.30M | -10.34M |
| Net Income | 99.52M | 170.29M | 163.27M | 141.07M | 514.19M |
Balance Sheet | |||||
| Total Assets | 5.08B | 4.48B | 3.90B | 4.37B | 3.56B |
| Cash, Cash Equivalents and Short-Term Investments | 4.91B | 4.38B | 3.76B | 4.24B | 3.51B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.11B | 2.56B | 2.09B | 2.69B | 1.99B |
| Stockholders Equity | 1.96B | 1.92B | 1.80B | 1.69B | 1.57B |
Cash Flow | |||||
| Free Cash Flow | 161.78M | -244.66M | 510.80M | 385.70M | -503.27M |
| Operating Cash Flow | 161.78M | -244.66M | 510.80M | 385.70M | -503.27M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 480.97M | 274.79M | -830.64M | 481.58M | 400.88M |
L1 Long Short Fund Ltd. Technical Analysis
L1 Long Short Fund Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ― | 1.52 | 27.46% | 4.11% | -70.76% | -42.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$5.05B | -724.26 | 32.56% | 1.45% | 28.29% | 39.39% | |
61 Neutral | AU$2.77B | 14.10 | 13.61% | 3.45% | 37.42% | 38.37% | |
53 Neutral | AU$790.74M | 7.11 | 6.34% | 4.63% | 26.01% | -17.55% | |
49 Neutral | AU$6.46B | 32.82 | 15.22% | 0.57% | 24.44% | 68.80% |
L1 Long Short Fund Ltd. Corporate Events
L1 Long Short Fund Ltd. has applied for quotation on the ASX of 847,547 ordinary fully paid shares, to be issued on 20 March 2026. The new securities arise under a dividend or distribution plan, modestly increasing the fund’s quoted capital base and potentially enhancing liquidity for existing and new investors.
The additional shares do not represent a new capital raising but rather the issuance of equity in lieu of cash distributions to participating shareholders. This move continues the fund’s practice of offering distribution reinvestment, which can support incremental growth in funds under management and align long-term investor interests with the performance of the underlying long–short portfolio.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 17 March 2026, with NTA before tax of $3.8970 and NTA after tax of $3.6173. The figures, which reflect the value of the fund’s underlying investment portfolio on a per share basis, provide investors with an updated measure of the company’s asset backing and may influence market perceptions of its valuation and performance.
The announcement confirms that the pre tax NTA excludes deferred tax on unrealised gains and losses, while the post tax NTA incorporates all tax effects. This distinction offers shareholders a clearer view of both the gross value of the portfolio and the net value after tax, helping them assess the fund’s current financial position and compare it with other listed investment vehicles.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its net tangible asset backing per share as at 16 March 2026, with NTA before tax of $3.8913 and NTA after tax of $3.6099. The figures, which are unaudited and approximate, provide investors with an updated indicator of the underlying value of the fund’s investment portfolio on a per-share basis.
These NTA measures, calculated before and after tax on unrealised gains and losses, offer insight into the fund’s performance and balance sheet strength. Regular disclosure of NTA backing helps shareholders assess the fund’s valuation relative to its market price and informs investment decisions in the listed investment company sector.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per share as at 13 March 2026, with NTA before tax of $3.8921 and NTA after tax of $3.6054. The release provides investors with an updated view of the fund’s underlying asset value, offering a key reference point for assessing its performance and the relationship between its share price and intrinsic value.
These NTA figures, presented on both a pre-tax and post-tax basis, help investors understand the impact of deferred tax on unrealised gains and losses in the portfolio. Regular disclosure of NTA backing supports transparency for shareholders and may influence market perceptions of the fund’s valuation and trading dynamics on the ASX.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 10 March 2026, with NTA before tax of $4.0830 and NTA after tax of $3.7387. The figures, which reflect the fund’s asset value on a pre- and post-tax basis, provide investors with an updated indication of the underlying value of their holdings and may inform market perceptions of the company’s performance and trading levels relative to asset backing.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund reported a modest 0.9% portfolio decline in February, underperforming the S&P/ASX 200 Accumulation Index’s 4.1% gain amid a rally in large-cap banks and iron ore miners but weakness in technology and healthcare stocks. Despite the monthly setback, the fund highlighted its strong track record, including a 60% return over the past year and 20.5% per annum since its long/short strategy inception in 2014, supported recently by gains in gold and infrastructure names such as Aurizon.
Management noted heightened market volatility stemming from rising rates, the Iran war and concerns that emerging agentic AI could disrupt established software business models, contributing to sell-offs in U.S. mega-cap technology and certain Australian tech exposures. The managers argue that while the Australian market appears fully valued at the large-cap end, this volatility is creating attractive mispricing in selected mid-cap and international stocks, reinforcing their focus on valuation discipline and stock picking as key drivers of future returns.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Ltd. has reported its net tangible asset backing per ordinary share as of 5 March 2026, with an unaudited pre-tax NTA of $4.1188 and an after-tax NTA of $3.7490. The disclosure of both pre- and post-tax NTA levels provides investors with a transparent view of the fund’s underlying asset value, offering a useful gauge of performance and portfolio valuation for current and prospective shareholders.
These updated NTA figures, which factor in the treatment of unrealised gains and losses and all applicable taxes, help the market assess the fund’s recent performance relative to its share price. Regular NTA reporting is an important indicator of the fund’s operational transparency and is closely watched by stakeholders in listed investment companies on the ASX.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Ltd has updated its notification of a quarterly dividend for holders of its ordinary fully paid shares relating to the period ended 31 December 2025. The update, lodged with the ASX on 9 March 2026, confirms key dates including the ex-dividend date of 2 March 2026 and record date of 3 March 2026.
The new announcement revises a prior notice from 20 February 2026 to include the dividend reinvestment plan pricing details. This clarification helps existing investors better assess their income and reinvestment options from the fund’s quarterly distribution, improving transparency around the capital management settings for LSF shareholders.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 4 March 2026, with NTA before tax of $4.1377 and NTA after tax of $3.7727. The figures, which reflect the value of the company’s investment portfolio on a per-share basis, offer investors an updated view of underlying asset performance and may inform market perceptions of the fund’s valuation and trading levels relative to its net assets.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited reported its net tangible asset backing per share as of 3 March 2026, with NTA before tax of $4.1235 and NTA after tax of $3.7562, based on unaudited and approximate figures. The disclosure provides investors with an updated view of the fund’s per-share asset value, offering insight into recent portfolio performance and underlying value after accounting for tax, which can inform trading decisions and perceptions of the fund’s current valuation.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 2 March 2026, with NTA before tax at $4.2348 and NTA after tax at $3.8276. The figures are stated on an ex-dividend basis following the declaration of a fully franked interim dividend of 3.60 cents per share, giving investors updated visibility on the fund’s underlying asset value and post-tax position.
These disclosures provide shareholders with an indication of the fund’s current valuation metrics and tax-adjusted performance, which are important for assessing the company’s capital position and potential future returns. The update may influence investor sentiment and trading in the fund’s shares on the ASX, as it clarifies how recent portfolio performance and the interim dividend have affected per-share asset backing.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited reported its unaudited net tangible asset backing per share as at 26 February 2026, with NTA before tax of $4.3184 and NTA after tax of $3.8925. The disclosure provides investors with an updated view of the fund’s underlying asset value and post-tax position, supporting transparency and aiding assessment of performance and valuation in the listed investment sector.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its net tangible asset backing per share as at 25 February 2026, with NTA before tax at $4.3011 and NTA after tax at $3.8825. The unaudited figures provide investors with an updated indication of the underlying value of the fund’s portfolio, informing assessments of its performance and its trading level relative to intrinsic asset value.
These NTA disclosures are a routine but important transparency measure for listed investment entities, helping shareholders gauge whether the stock is trading at a premium or discount to its assets and supporting more informed investment decisions. The update underscores the fund’s ongoing commitment to regular portfolio valuation reporting, which is central to investor confidence and market pricing efficiency for the company’s shares.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited reported its unaudited net tangible asset backing per ordinary share as at 24 February 2026, with NTA before tax at $4.3422 and NTA after tax at $3.9049. These updated NTA figures give shareholders an indication of the current underlying value of the fund’s investment portfolio on both a pre-tax and post-tax basis, informing market assessments of performance and valuation.
The release, authorised by the company secretary, underscores the fund’s ongoing disclosure of portfolio value metrics to the Australian Securities Exchange. Regular NTA reporting supports transparency for investors and may influence trading in the company’s shares as stakeholders track movements in asset backing over time.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 23 February 2026, with NTA before tax of $4.2882 and NTA after tax of $3.8679. The update offers investors a timely snapshot of the fund’s underlying asset value and tax-adjusted position, helping the market gauge current performance and informing trading decisions in the listed investment company’s shares.
These new NTA figures, released under the authority of the company secretary, suggest the portfolio continues to hold substantial value even after tax provisions on unrealised gains and losses. Regular disclosure of pre- and post-tax NTA supports transparency for shareholders, benchmarks the fund against peers in the listed investment company sector, and may influence investor sentiment and liquidity in the stock.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 20 February 2026, with NTA before tax at $4.2932 and NTA after tax at $3.8731. The disclosure provides investors with an updated indication of the fund’s underlying per-share value, both before and after tax provisions, supporting transparency around portfolio performance and valuation.
These figures, while approximate and subject to taxation treatment on unrealised gains and losses, help shareholders assess the current worth of their investment relative to the market price. Regular NTA reporting is a key metric for listed investment companies and may influence trading in the fund’s shares as investors compare the NTA to the stock’s market valuation.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its net tangible asset backing per share as at 19 February 2026, providing investors with an updated view of the fund’s underlying value. The company disclosed an unaudited pre-tax NTA of $4.3061 per share and a post-tax NTA of $3.8798 per share, indicating the value of its investment portfolio before and after accounting for tax obligations.
These NTA figures offer shareholders a snapshot of the fund’s performance and balance-sheet strength at a specific date, which can be used to assess whether the shares are trading at a premium or discount to underlying assets. The update reinforces transparency around the fund’s financial position and may influence investor sentiment and trading activity in the company’s securities.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per share as at 18 February 2026, with NTA before tax of $4.2951 and NTA after tax of $3.8731. The disclosure gives investors an updated view of the fund’s underlying asset value and tax-adjusted position, supporting portfolio valuation transparency and informing market assessment of the company’s share price relative to its intrinsic value.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported strong investment performance to 31 December 2025, delivering a 46.8% net return over 12 months and annualised returns of 16.7% over three years, 18.1% over five years and 14.0% since its 2018 IPO, all ahead of the ASX 200 Accumulation Index. The board has continued to grow dividends each year and, from FY26, has shifted to quarterly fully franked payments, declaring a 3.6 cent per share dividend payable on 20 March and indicating expectations of further dividend increases during 2026.
To complement the enhanced payout profile, the company is promoting its Dividend Reinvestment Plan, which allows eligible Australian and New Zealand shareholders to reinvest all or part of their dividends into additional shares without brokerage. Management positions the DRP and rising dividend stream as tools to build long-term holdings and align investors with the fund’s ongoing growth, as it seeks to maintain its performance-led appeal in the listed investment company sector.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has declared a quarterly dividend of AUD 0.036 per ordinary fully paid share, relating to the period ended 31 December 2025. The distribution will trade ex-dividend on 2 March 2026, with a record date of 3 March and payment to shareholders scheduled for 20 March 2026, and investors may elect participation in the dividend reinvestment plan by 4 March.
The announcement underscores the fund’s ongoing policy of returning cash to investors on a regular quarterly basis, signalling continued confidence in the portfolio’s performance and cash generation. The defined timetable provides clarity for income-focused shareholders and may enhance the attractiveness of LSF as a yield-oriented listed investment vehicle in the Australian market.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Ltd has reported a sharp turnaround for the half-year to 31 December 2025, posting a net profit after tax of $414.9 million versus a loss a year earlier as supportive markets and a broader leadership in equities favoured its contrarian style. The board declared a fully franked interim dividend of 3.6 cents per share, backed by stronger net tangible asset backing per share and an active dividend reinvestment plan that allows investors to compound gains via new share issuance.
Performance was driven by strong long positions in resources, gold and domestic cyclicals such as Mineral Resources, Westgold Resources and Flight Centre, aided by rising lithium and gold prices and improved sentiment towards resource stocks. The short portfolio also added value as several over-valued or structurally weak companies underperformed, and the manager says the portfolio remains well positioned to navigate macroeconomic uncertainty and exploit further market dislocations after a robust 2025 calendar year.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its net tangible asset backing per share as at 17 February 2026, providing investors with an updated measure of the underlying value of its portfolio. The company disclosed an unaudited pre‑tax NTA of $4.2483 per share and an after‑tax NTA of $3.8414 per share, reflecting the impact of tax provisions on unrealised gains and losses.
These figures offer shareholders a snapshot of the fund’s current valuation and may influence perceptions of its performance and trading price relative to asset backing. By distinguishing between pre‑tax and post‑tax NTAs, the disclosure gives investors clearer insight into the portfolio’s position after allowing for tax obligations on investment returns.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its net tangible asset backing per share as at 6 February 2026, with NTA before tax of $4.1806 and NTA after tax of $3.7999. The figures, which are unaudited and approximate, provide investors with an updated indicator of the underlying value of the fund’s portfolio on a per‑share basis, informing market valuation and investor sentiment around the listed vehicle.
These NTA disclosures distinguish between pre‑tax and post‑tax measures, reflecting the impact of deferred tax on unrealised gains and losses as well as all applicable taxes. By publishing both metrics, the company offers greater transparency on how tax considerations influence reported asset backing, helping shareholders better assess the fund’s performance and the potential implications for future returns and pricing in the secondary market.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Ltd. reported a 9.3% portfolio return in January, sharply outperforming the S&P/ASX 200 Accumulation Index’s 1.8% gain and extending its 12‑month performance to 60.1% versus 7.4% for the benchmark. Since the strategy’s 2014 inception, it has delivered 20.7% per annum, making it one of Australia’s strongest‑performing long-short equity funds, with particularly strong contributions from positions in NexGen, BlueScope, Fraport and Alcoa.
Management highlighted that January’s gains were broad-based across infrastructure, banking, resources, energy, construction materials and gaming, as the fund benefited from rising commodity prices and supportive macroeconomic conditions. The managers view the Australian equity index as fully valued, see better prospects in undervalued “quality value” names, and believe low P/E stocks in areas such as infrastructure, gold, U.S. cyclicals and uranium are poised to outperform high P/E stocks over the next one to two years, a positioning that underpins the fund’s current portfolio stance.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited reported its net tangible asset backing per ordinary share as at 5 February 2026, with NTA before tax of $4.2018 and NTA after tax of $3.8102. The figures are unaudited and approximate, offering investors an updated snapshot of the fund’s underlying asset value and tax-adjusted position, which is a key metric for assessing performance and valuation in the listed investment company sector.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its latest net tangible asset backing per ordinary share as at 4 February 2026, with NTA before tax of $4.3044 and NTA after tax of $3.8795. The figures, which are unaudited and approximate, provide investors with an updated view of the fund’s underlying asset value on both a pre-tax and post-tax basis, informing market participants about current valuation levels and portfolio performance.
These NTA disclosures help shareholders assess the fund’s trading price relative to its underlying assets and may influence investor sentiment toward the listed vehicle. By publishing both pre-tax and post-tax NTAs, the company offers greater transparency around the impact of tax on unrealised gains and losses, supporting more informed decision-making for existing and prospective investors.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 3 February 2026, with NTA before tax of $4.3459 and NTA after tax of $3.9082. The disclosure provides investors with an updated measure of the fund’s per-share asset value, offering transparency on portfolio performance and helping shareholders assess the fund’s valuation and recent trading relative to its underlying assets.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per share as at 2 February 2026, with NTA before tax at $4.3808 and NTA after tax at $3.9267. The updated NTA figures provide investors with a current valuation snapshot of the fund’s underlying assets, offering transparency on performance and aiding market participants in assessing the fund’s trading price relative to its asset backing.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has disclosed its unaudited net tangible asset (NTA) backing per ordinary share as at 28 January 2026, reporting a pre-tax NTA of $4.4747 and a post-tax NTA of $3.9882. The update provides investors with a snapshot of the fund’s underlying asset value and tax position, offering a key indicator of performance and valuation relative to its market price.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 27 January 2026, with NTA before tax at $4.4725 and NTA after tax at $3.9820. The disclosure provides investors with an updated measure of the fund’s underlying asset value, assisting the market in assessing its current valuation and performance relative to its trading price on the ASX.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 23 January 2026, with NTA before tax of $4.3818 and NTA after tax of $3.9542. The latest NTA figures provide investors with an updated measure of the fund’s per-share asset value, offering insight into recent portfolio performance and the tax-adjusted value of its investments.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 22 January 2026, with NTA before tax at $4.3866 and NTA after tax at $3.9507. The disclosure provides investors with an updated measure of the fund’s underlying asset value and portfolio performance, which is a key metric for assessing the fund’s valuation and can influence market perception and trading in its shares.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 21 January 2026, with NTA before tax at $4.3548 and NTA after tax at $3.9223. The disclosure provides investors with an updated view of the fund’s underlying asset value, supporting ongoing assessment of its performance and valuation relative to its ASX trading price.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$5.00 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 20 January 2026, with NTA before tax at $4.3497 and NTA after tax at $3.9139. The disclosure provides investors with an updated view of the fund’s asset backing and tax-adjusted valuation metrics, which are key indicators of performance and capital position for shareholders monitoring the fund’s trading value relative to its underlying assets.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited reported its unaudited net tangible asset backing per ordinary share as at 19 January 2026, with NTA before tax at $4.3401 and NTA after tax at $3.9061. The disclosure provides investors with an updated snapshot of the fund’s asset backing and tax-adjusted value per share, offering transparency on portfolio performance and supporting informed valuation and trading decisions in the listed investment company’s securities.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 16 January 2026, with NTA before tax of $4.3044 and NTA after tax of $3.8816. The disclosure provides investors with an updated measure of the fund’s underlying asset value on a pre- and post-tax basis, offering transparency on portfolio performance and valuation for shareholders monitoring the fund’s trading price relative to its asset backing.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 15 January 2026, with NTA before tax at $4.3045 and NTA after tax at $3.8824. The disclosure provides investors with an updated measure of the fund’s underlying asset value on both a pre- and post-tax basis, offering insight into recent portfolio performance and informing market assessment of the company’s valuation and trading levels on the ASX.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 14 January 2026, with NTA before tax of $4.2822 and NTA after tax of $3.8650. The disclosure provides investors with an updated measure of the fund’s per-share asset backing, offering insight into its current portfolio valuation and financial position.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited reported a 14.1% net return for the December quarter, sharply outperforming the S&P/ASX 200 Accumulation Index’s 1.0% decline and taking its 2025 calendar-year gain to 46.8% versus the market’s 10.3%. Over five years, the portfolio has delivered 18.1% per annum compared with 9.9% for the benchmark, and the underlying L1 Capital long–short strategy has returned 19.9% annually since 2014, making it the top-performing long–short fund in Australia on this measure. The managers attribute recent strength to broad-based contributions from 22 positions and highlight that Australian equities now look fully valued at the index level, with large caps reliant on multiple expansion rather than earnings growth, in contrast to stronger U.S. earnings and a diverging rate outlook that favours a stronger Australian dollar. Against this macro backdrop of rising domestic inflation, a more hawkish RBA, Fed rate cuts and robust U.S. growth, L1 is rotating toward undervalued offshore names and low price-to-earnings ‘value’ stocks, arguing these segments are poised to outperform high multiple shares over the next one to two years, with particular conviction in infrastructure, gold, U.S. cyclicals, uranium and ‘quality value’ opportunities globally.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 13 January 2026, with NTA before tax of $4.2463 and NTA after tax of $3.8420. The updated NTA figures provide investors with an approximate measure of the fund’s underlying portfolio value, offering transparency on performance and valuation that can influence market pricing and inform shareholder decisions.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 12 January 2026, with NTA before tax of $4.2158 and NTA after tax of $3.8236. The company also disclosed that, as the portfolio value at 31 December 2025 has moved above the high-water mark set in its investment management agreement, L1 Capital Pty Ltd is now entitled to a performance fee of approximately $151.31 million, which has already been fully accrued in the NTA figures, meaning the actual payment will not alter the stated NTA per share.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund reported a 3.7% net portfolio return in December 2025, comfortably beating the S&P/ASX 200 Accumulation Index’s 1.3% gain and capping a standout 46.8% performance for the calendar year versus 10.3% for the benchmark. Over five years, the portfolio has generated 18.1% p.a., and since the long-short strategy’s 2014 inception it has delivered 19.9% p.a., making it one of Australia’s top-performing long/short strategies relative to the ASX 200 Accumulation Index. December performance was driven by strong long positions in Mineral Resources, Flight Centre and mid-cap gold stocks, benefiting from surging lithium prices, resilient iron ore, an accretive acquisition in travel, competitor issues in corporate travel, and a continued rally in gold prices amid global macroeconomic tailwinds. The managers see the Australian equity market as relatively fully valued, particularly in large caps, and are increasingly finding better risk-reward in offshore markets and low price-to-earnings value stocks, positioning the portfolio for continued outperformance if value and cyclicals regain favour against high multiple growth names.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per share as at 6 January 2026, with NTA before tax at $4.1248 and NTA after tax at $3.7582. The disclosure provides investors with an updated snapshot of the fund’s underlying asset value and tax-adjusted position, helping shareholders assess the current valuation of their holdings and track the performance of the investment portfolio over time.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its net tangible asset (NTA) backing per ordinary share as at 5 January 2026, with NTA before tax of $4.0577 and NTA after tax of $3.7144. The unaudited figures give investors an updated view of the fund’s underlying asset value on a per-share basis, informing market pricing and assisting shareholders in assessing the fund’s recent performance and valuation.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 2 January 2026, with NTA before tax of $4.0297 and NTA after tax of $3.6960. The release provides investors with an updated measure of the fund’s underlying asset value on both a pre‑tax and post‑tax basis, offering transparency on portfolio performance and valuation at the start of 2026.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 31 December 2025, with NTA before tax of $3.9987 and NTA after tax of $3.6755. The disclosure provides investors with an updated snapshot of the fund’s underlying asset value and tax position at year-end, offering a key reference point for assessing the fund’s performance and valuation relative to its market price.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited reported its unaudited net tangible asset (NTA) backing per ordinary share as at 30 December 2025, with NTA before tax of $3.9944 and NTA after tax of $3.6764. The disclosure provides investors with an updated indication of the fund’s underlying portfolio value and tax-adjusted position, offering transparency on performance and asset backing that may inform trading in the company’s shares and assessment of its current valuation on the ASX.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited reported its unaudited net tangible asset backing per ordinary share as at 29 December 2025, with NTA before tax at $3.9873 and NTA after tax at $3.6714. The disclosure provides investors with an updated snapshot of the fund’s underlying asset value, supporting portfolio valuation transparency and enabling shareholders to monitor the fund’s performance and tax-adjusted position at year end.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 24 December 2025, with NTA before tax of $3.9793 and NTA after tax of $3.6677. The disclosure provides investors with updated insight into the fund’s underlying asset value and tax-adjusted position, supporting ongoing assessment of its performance and valuation relative to its share price.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per ordinary share as at 23 December 2025, with NTA before tax of $4.0065 and NTA after tax of $3.6836. The disclosure provides investors with an updated snapshot of the fund’s underlying asset value on a per-share basis, offering a gauge of portfolio performance and valuation that can inform trading decisions and assessment of the fund’s current positioning.
L1 Long Short Fund Limited has reported an unaudited net tangible asset (NTA) backing per ordinary share of $4.0039 before tax and $3.6766 after tax as at 22 December 2025. The disclosure provides investors with an updated measure of the underlying value of the fund’s portfolio on both a pre- and post-tax basis, offering transparency on performance and tax-adjusted asset backing, which is a key metric for assessing the attractiveness and valuation of listed investment companies on the ASX.
L1 Long Short Fund Limited has reported its unaudited net tangible asset (NTA) backing per share as at 19 December 2025, with NTA before tax of $3.9654 and NTA after tax of $3.6481. The disclosure provides investors with an updated indication of the fund’s per-share asset backing, both before and after tax provisions on unrealised portfolio gains and losses, offering transparency on current portfolio value and informing market assessment of the fund’s trading price relative to its underlying assets.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per share as at 18 December 2025, with NTA before tax of $3.9246 and NTA after tax of $3.6169. The disclosure provides investors with an updated indication of the fund’s underlying portfolio value on both a pre- and post-tax basis, helping shareholders assess performance and valuation towards the end of the calendar year.
L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per share as at 17 December 2025, with NTA before tax at $3.9060 and NTA after tax at $3.6040. The disclosure provides investors with an updated snapshot of the fund’s underlying asset value and tax-adjusted position, offering a key reference point for assessing the fund’s performance and the relationship between its share price and intrinsic value.