ASX:AFICapital Markets
Australian Foundation Investment (ASX:AFI) Shares Wrestle With Rich P E And Weak Return
Australian Foundation Investment walked into this result with a stock that had drifted slightly, down over the past month, while still holding a modest gain over three months. The earnings print put a harsh spotlight on one issue above all others: a rich 28.7x P/E against an underwhelming 0.9% total return for the year and weak free cash flow support for a 4.25% dividend.
That mix gives you the real sentiment story today: a premium valuation, income on offer, and a portfolio that has lagged...