Australian Foundation Investment Company Ltd

AU:AFI Australia Asset Management
Market Cap
$5.21 Billion
AU$8.41 Billion AUD
Market Cap Rank
#2744 Global
#23 in Australia
Share Price
AU$6.70
Change (1 day)
+0.00%
52-Week Range
AU$6.70 - AU$7.68
All Time High
AU$7.82
Categories
Companies in Australia Asset Management Banking & Financial
About

Australian Foundation Investment Company Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia and New Zealand. It invests in value stocks of companies. It benchmarks the performance of its portfolio against S&P/ASX 200 Accumulation Index. It invests in companies across diversified industries. The firm employs fundamental analysis with a focus … Read more

Australian Foundation Investment Company Ltd (AFI) - Net Assets

Latest net assets as of December 2025: AU$8.34 Billion AUD

Based on the latest financial reports, Australian Foundation Investment Company Ltd (AFI) has net assets worth AU$8.34 Billion AUD as of December 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$9.94 Billion) and total liabilities (AU$1.59 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets AU$8.34 Billion
% of Total Assets 83.99%
Annual Growth Rate 10.4%
5-Year Change 15.63%
10-Year Change 46.52%
Growth Volatility 241.19

Australian Foundation Investment Company Ltd - Net Assets Trend (1989–2025)

This chart illustrates how Australian Foundation Investment Company Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Australian Foundation Investment Company Ltd (1989–2025)

The table below shows the annual net assets of Australian Foundation Investment Company Ltd from 1989 to 2025.

Year Net Assets Change
2025-06-30 AU$8.74 Billion +5.80%
2024-06-30 AU$8.26 Billion +9.31%
2023-06-30 AU$7.56 Billion +8.11%
2022-06-30 AU$6.99 Billion -7.52%
2021-06-30 AU$7.56 Billion +21.13%
2020-06-30 AU$6.24 Billion -5.80%
2019-06-30 AU$6.62 Billion +4.50%
2018-06-30 AU$6.34 Billion +1052.59%
2017-12-31 AU$550.00 Million -90.78%
2017-06-30 AU$5.97 Billion +856.78%
2016-12-31 AU$623.50 Million -88.47%
2016-06-30 AU$5.41 Billion +766.75%
2015-12-31 AU$624.00 Million -88.54%
2015-06-30 AU$5.45 Billion +5.06%
2014-06-30 AU$5.18 Billion +12.05%
2013-06-30 AU$4.63 Billion +17.09%
2012-06-30 AU$3.95 Billion -6.69%
2011-06-30 AU$4.23 Billion +6.48%
2010-06-30 AU$3.98 Billion +11.69%
2009-06-30 AU$3.56 Billion -16.28%
2008-06-30 AU$4.25 Billion -10.64%
2007-06-30 AU$4.76 Billion +24.83%
2006-06-30 AU$3.81 Billion +1.05%
2005-06-30 AU$3.77 Billion +20.78%
2004-06-30 AU$3.12 Billion +26.00%
2003-06-30 AU$2.48 Billion +2.03%
2002-06-30 AU$2.43 Billion +3.14%
2001-06-30 AU$2.36 Billion +17.24%
2000-06-30 AU$2.01 Billion +4.90%
1999-06-30 AU$1.92 Billion +22.21%
1998-06-30 AU$1.57 Billion +12.88%
1997-06-30 AU$1.39 Billion +47.17%
1996-06-30 AU$943.61 Million +12.56%
1995-06-30 AU$838.34 Million +2.62%
1994-06-30 AU$816.90 Million +13.06%
1993-06-30 AU$722.55 Million +17.80%
1992-06-30 AU$613.35 Million +101.13%
1991-06-30 AU$304.95 Million +12.97%
1990-06-30 AU$269.94 Million +8.74%
1989-06-30 AU$248.24 Million --

Equity Component Analysis

This analysis shows how different components contribute to Australian Foundation Investment Company Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 17628.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component Amount Percentage
Retained Earnings AU$5.53 Billion 63.27%
Common Stock AU$3.21 Billion 36.73%
Total Equity AU$8.74 Billion 100.00%

Australian Foundation Investment Company Ltd Competitors by Market Cap

The table below lists competitors of Australian Foundation Investment Company Ltd ranked by their market capitalization.

Company Market Cap
Industrial Bank Of Korea
KO:024110
 		$5.09 Billion
Howden Joinery Group Plc
PINK:HWDJF
 		$5.09 Billion
Wolong Electric Group Co Ltd
SHG:600580
 		$5.09 Billion
SpareBank 1 Sør-Norge ASA
OL:SB1NO
 		$5.09 Billion
Sabra Healthcare REIT Inc
NASDAQ:SBRA
 		$5.08 Billion
Hankyu Hanshin Holdings Inc
F:HKY
 		$5.08 Billion
Isetan Mitsukoshi Holdings Ltd
F:4HP
 		$5.08 Billion
Gotion High tech Co Ltd
SHE:002074
 		$5.08 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Australian Foundation Investment Company Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 8,259,614,000 to 8,738,934,000, a change of 479,320,000 (5.8%).
  • Net income of 284,912,000 contributed positively to equity growth.
  • Dividend payments of 248,378,000 reduced retained earnings.
  • Share repurchases of 66,274,000 reduced equity.
  • Other comprehensive income decreased equity by 4,019,870,000.
  • Other factors increased equity by 4,528,930,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income AU$284.91 Million +3.26%
Dividends Paid AU$248.38 Million -2.84%
Share Repurchases AU$66.27 Million -0.76%
Other Comprehensive Income AU$-4.02 Billion -46.0%
Other Changes AU$4.53 Billion +51.82%
Total Change AU$- 5.80%

Book Value vs Market Value Analysis

This analysis compares Australian Foundation Investment Company Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 0.96x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 9.78x to 0.96x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1989-06-30 AU$0.69 AU$6.70 x
1990-06-30 AU$0.72 AU$6.70 x
1991-06-30 AU$0.89 AU$6.70 x
1992-06-30 AU$1.33 AU$6.70 x
1993-06-30 AU$1.44 AU$6.70 x
1994-06-30 AU$1.52 AU$6.70 x
1995-06-30 AU$1.52 AU$6.70 x
1996-06-30 AU$1.77 AU$6.70 x
1997-06-30 AU$2.21 AU$6.70 x
1998-06-30 AU$2.60 AU$6.70 x
1999-06-30 AU$2.77 AU$6.70 x
2000-06-30 AU$2.76 AU$6.70 x
2001-06-30 AU$3.18 AU$6.70 x
2002-06-30 AU$3.17 AU$6.70 x
2003-06-30 AU$3.12 AU$6.70 x
2004-06-30 AU$3.61 AU$6.70 x
2005-06-30 AU$4.17 AU$6.70 x
2006-06-30 AU$4.12 AU$6.70 x
2007-06-30 AU$5.03 AU$6.70 x
2008-06-30 AU$4.41 AU$6.70 x
2009-06-30 AU$3.65 AU$6.70 x
2010-06-30 AU$4.03 AU$6.70 x
2011-06-30 AU$4.18 AU$6.70 x
2012-06-30 AU$3.86 AU$6.70 x
2013-06-30 AU$4.47 AU$6.70 x
2014-06-30 AU$4.96 AU$6.70 x
2015-06-30 AU$5.03 AU$6.70 x
2016-06-30 AU$4.85 AU$6.70 x
2017-06-30 AU$5.19 AU$6.70 x
2018-06-30 AU$5.36 AU$6.70 x
2019-06-30 AU$5.55 AU$6.70 x
2020-06-30 AU$5.17 AU$6.70 x
2021-06-30 AU$6.21 AU$6.70 x
2022-06-30 AU$5.70 AU$6.70 x
2023-06-30 AU$6.11 AU$6.70 x
2024-06-30 AU$6.62 AU$6.70 x
2025-06-30 AU$6.97 AU$6.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Australian Foundation Investment Company Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 3.26%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 86.23%
  • • Asset Turnover: 0.03x
  • • Equity Multiplier: 1.21x
  • Recent ROE (3.26%) is below the historical average (4.56%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1989 6.72% 0.00% 0.00x 1.06x AU$-8.14 Million
1991 9.13% 0.00% 0.00x 1.06x AU$-2.85 Million
1992 3.95% 0.00% 0.00x 1.03x AU$-40.99 Million
1994 4.91% 0.00% 0.00x 1.14x AU$-41.58 Million
1995 5.86% 0.00% -0.01x 1.13x AU$-34.69 Million
1996 6.18% 0.00% -0.01x 1.12x AU$-36.05 Million
1997 4.68% 0.00% 0.00x 1.08x AU$-73.90 Million
1998 5.28% 0.00% -0.01x 1.07x AU$-73.96 Million
1999 4.89% 0.00% 0.00x 1.10x AU$-97.89 Million
2000 5.14% 0.00% -0.01x 1.13x AU$-97.58 Million
2001 4.42% 0.00% 0.00x 1.13x AU$-131.42 Million
2002 3.56% 91.64% 0.04x 1.04x AU$-156.58 Million
2003 4.15% 84.40% 0.05x 1.01x AU$-145.14 Million
2004 3.98% 95.73% 0.04x 1.00x AU$-188.15 Million
2005 4.21% 90.73% 0.05x 1.01x AU$-218.48 Million
2006 5.61% 87.83% 0.05x 1.19x AU$-167.23 Million
2007 5.45% 90.77% 0.05x 1.23x AU$-216.63 Million
2008 9.78% 81.16% 0.10x 1.20x AU$-9.20 Million
2009 2.90% 44.17% 0.06x 1.15x AU$-252.73 Million
2010 4.62% 89.35% 0.04x 1.15x AU$-214.09 Million
2011 5.51% 91.79% 0.05x 1.16x AU$-190.19 Million
2012 5.56% 92.22% 0.05x 1.22x AU$-175.31 Million
2013 5.25% 92.39% 0.05x 1.24x AU$-219.92 Million
2014 4.90% 92.67% 0.04x 1.25x AU$-264.12 Million
2015 5.39% 93.23% 0.05x 1.22x AU$-251.04 Million
2015 4.74% 2.49% 1.37x 1.40x AU$-32.80 Million
2016 4.91% 95.27% 0.04x 1.19x AU$-275.17 Million
2016 1.48% 0.77% 1.32x 1.45x AU$-53.15 Million
2017 4.11% 92.27% 0.04x 1.16x AU$-351.48 Million
2017 -7.60% -3.69% 1.29x 1.60x AU$-96.80 Million
2018 4.40% 90.52% 0.04x 1.18x AU$-355.15 Million
2019 6.13% 93.14% 0.06x 1.18x AU$-256.43 Million
2020 3.85% 87.90% 0.04x 1.16x AU$-384.06 Million
2021 3.10% 88.45% 0.03x 1.21x AU$-521.14 Million
2022 5.16% 91.69% 0.05x 1.18x AU$-338.40 Million
2023 4.10% 88.82% 0.04x 1.19x AU$-445.84 Million
2024 3.59% 87.30% 0.03x 1.20x AU$-529.79 Million
2025 3.26% 86.23% 0.03x 1.21x AU$-588.98 Million

Industry Comparison

This section compares Australian Foundation Investment Company Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $212,699,683
  • Average return on equity (ROE) among peers: -28.33%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Australian Foundation Investment Company Ltd (AFI) AU$8.34 Billion 6.72% 0.19x $5.08 Billion
Acorn Capital Investment Fund Ltd (ACQ) $52.17 Million 4.80% 0.04x $5.49K
Australian Ethical Investment Ltd (AEF) $20.82 Million 45.43% 0.62x $241.24 Million
Alternative Investment Trust (AIQ) $281.69 Million 15.05% 0.96x $8.06K
Argo Global Listed Infrastructure Ltd (ALI) $320.48 Million -2.91% 0.03x $13.82K
Amcil Ltd (AMH) $128.23 Million 0.00% 0.02x $137.06 Million
Associate Global Partners Ltd (APL) $6.41 Million -310.27% 0.73x $1.95 Million
Ariadne Australia Ltd (ARA) $59.71 Million 8.64% 0.74x $17.16 Million
ARC Funds Ltd (ARC) $2.90 Million -21.10% 0.01x $1.21 Million
Australian United Investment Company Ltd (AUI) $1.04 Billion 5.35% 0.27x $395.51 Million