How does AFOV.F's PE Ratio compare to its peers?

AFOV.F is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (22.8x).

How does AFOV.F's PE Ratio compare vs other companies in the US Capital Markets Industry?

AFOV.F is good value based on its Price-To-Earnings Ratio (23.1x) compared to the US Capital Markets industry average (27.1x).

What is AFOV.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate AFOV.F's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of AFOV.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

AFOV.F ($5) is trading above our estimate of [[fair value]] ($1.42)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

AFOV.F Stock Overview

A publicly owned investment manager. More details

AFOV.F fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	5/6
Financial Health	4/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (23.1x) is below the Capital Markets industry average (27.1x)

Earnings grew by 27.3% over the past year

Risk Analysis

Shares are highly illiquid

Dividend of 3.55% is not well covered by cash flows

My Notes

Capture your thoughts, links and company narrative

Australian Foundation Investment Company Limited Competitors

Main Street Capital

NYSE:MAIN

US$5.0b

Hamilton Lane

NasdaqGS:HLNE

US$8.4b

Affiliated Managers Group

NYSE:AMG

US$5.5b

Janus Henderson Group

NYSE:JHG

US$6.7b

Price History & Performance

Summary of share price highs, lows and changes for Australian Foundation Investment
Historical stock prices
Current Share Price	AU$5.00
52 Week High	AU$5.00
52 Week Low	AU$4.90
Beta	0.51
1 Month Change	0%
3 Month Change	2.04%
1 Year Change	-10.87%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	111.86%

Recent updates

Shareholder Returns

	AFOV.F	US Capital Markets	US Market
7D	0%	-4.1%	-2.4%
1Y	-10.9%	32.4%	23.4%

Return vs Industry: AFOV.F underperformed the US Capital Markets industry which returned 10.3% over the past year.

Return vs Market: AFOV.F underperformed the US Market which returned 15.2% over the past year.

Price Volatility

Is AFOV.F's price volatile compared to industry and market?
AFOV.F volatility
AFOV.F Average Weekly Movement	n/a
Capital Markets Industry Average Movement	4.0%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: AFOV.F has not had significant price volatility in the past 3 months.

Volatility Over Time: Insufficient data to determine AFOV.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Robert Freeman	www.afi.com.au

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.

Australian Foundation Investment Company Limited Fundamentals Summary

How do Australian Foundation Investment's earnings and revenue compare to its market cap?
AFOV.F fundamental statistics
Market cap	US$5.78b
Earnings (TTM)	US$250.04m
Revenue (TTM)	US$271.01m

23.1x

P/E Ratio

21.3x

P/S Ratio

Is AFOV.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AFOV.F income statement (TTM)
Revenue	AU$409.75m
Cost of Revenue	AU$0
Gross Profit	AU$409.75m
Other Expenses	AU$31.71m
Earnings	AU$378.04m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.30
Gross Margin	100.00%
Net Profit Margin	92.26%
Debt/Equity Ratio	0.1%

How did AFOV.F perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

81%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/06/02 08:49
End of Day Share Price	2023/03/06 00:00
Earnings	2022/12/31
Annual Earnings	2022/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

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

Analyst	Institution
Sally Campbell	Goldman Sachs & Partners Australia Pty Ltd