Australian Foundation Investment Company Limited

NZSE:AFI Stock Report

Market Cap: NZ$10.2b

Australian Foundation Investment Management

Management criteria checks 4/4

Australian Foundation Investment's CEO is Robert Freeman, appointed in Jan 2018, has a tenure of 6.92 years. total yearly compensation is A$1.71M, comprised of 53.3% salary and 46.7% bonuses, including company stock and options. directly owns 0.016% of the company’s shares, worth NZ$1.60M. The average tenure of the management team and the board of directors is 8.4 years and 4.6 years respectively.

Key information

Robert Freeman

Chief executive officer

AU$1.7m

Total compensation

CEO salary percentage53.3%
CEO tenure6.9yrs
CEO ownership0.02%
Management average tenure8.4yrs
Board average tenure4.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Robert Freeman's remuneration changed compared to Australian Foundation Investment's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024AU$2mAU$914k

AU$296m

Mar 31 2024n/an/a

AU$296m

Dec 31 2023n/an/a

AU$296m

Sep 30 2023n/an/a

AU$303m

Jun 30 2023AU$2mAU$886k

AU$310m

Mar 31 2023n/an/a

AU$344m

Dec 31 2022n/an/a

AU$378m

Sep 30 2022n/an/a

AU$369m

Jun 30 2022AU$2mAU$857k

AU$361m

Mar 31 2022n/an/a

AU$329m

Dec 31 2021n/an/a

AU$297m

Sep 30 2021n/an/a

AU$266m

Jun 30 2021AU$1mAU$859k

AU$235m

Mar 31 2021n/an/a

AU$206m

Dec 31 2020n/an/a

AU$178m

Sep 30 2020n/an/a

AU$209m

Jun 30 2020AU$1mAU$842k

AU$240m

Mar 31 2020n/an/a

AU$276m

Dec 31 2019n/an/a

AU$312m

Sep 30 2019n/an/a

AU$359m

Jun 30 2019AU$1mAU$825k

AU$406m

Mar 31 2019n/an/a

AU$394m

Dec 31 2018n/an/a

AU$382m

Sep 30 2018n/an/a

AU$330m

Jun 30 2018AU$1mAU$816k

AU$279m

Compensation vs Market: Robert's total compensation ($USD1.07M) is below average for companies of similar size in the NZ market ($USD2.54M).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.

CEO

Robert Freeman

6.9yrs

Tenure

AU$1,712,714

Compensation

Mr. Robert Mark Freeman, BE, MBA, Grad Dip App Fin (Sec Inst), AMP (INSEAD), serves as Managing Director of Djerriwarrh Investments Limited, AMCIL Limited and Mirrabooka Investments Limited. He serves as M...

Leadership Team

NamePositionTenureCompensationOwnership
Robert Freeman
MD, CEO & Director6.9yrsAU$1.71m0.016%
NZ$ 1.6m
Andrew J. Porter
CFO & Company Secretary19.9yrsAU$1.07m0.016%
NZ$ 1.6m
Geoffrey Driver
General Manager of Business Development & Investor Relationsno dataAU$871.27k0.013%
NZ$ 1.3m
Matthew Rowe
Company Secretary8.4yrsAU$484.85k0.0011%
NZ$ 114.3k
David Grace
Senior Portfolio Managerno datano datano data
Kieran Kennedy
Investment Analystno datano datano data

8.4yrs

Average Tenure

Experienced Management: AFI's management team is seasoned and experienced (8.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Robert Freeman
MD, CEO & Director6.9yrsAU$1.71m0.016%
NZ$ 1.6m
Graeme Liebelt
Independent Non-Executive Director12.5yrsAU$106.50k0.053%
NZ$ 5.4m
Richard Murray
Independent Non-Executive Directorless than a yearAU$47.11k0.00066%
NZ$ 67.3k
Craig Drummond
Independent Non Executive Chairman3.4yrsAU$186.38k0.0054%
NZ$ 547.9k
Rebecca Dee-Bradbury
Independent Non-Executive Director5.6yrsAU$106.50k0.0013%
NZ$ 128.5k
David Peever
Independent Non-Executive Director11.1yrsAU$106.50k0.0029%
NZ$ 297.9k
Julie Fahey
Independent Non-Executive Director3.7yrsAU$106.50k0.00044%
NZ$ 44.9k
Katie Hudson
Independent Non-Executive Directorless than a yearAU$53.25k0.00064%
NZ$ 65.3k

4.6yrs

Average Tenure

65yo

Average Age

Experienced Board: AFI's board of directors are considered experienced (4.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:02
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Australian Foundation Investment Company Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sally CampbellGoldman Sachs & Partners Australia Pty Ltd