Australian Foundation Investment Company Limited (AFOVF)
Australian Foundation Investment Company Limited operates in the Asset Management industry of the Financial Services sector, headquartered in Melbourne, VIC, AU. The stock last traded at $4.61, up 0.00% on the session, giving a market capitalisation of $5.68B. On trailing twelve-month figures it carries a trailing P/E of 28.38, a net margin of 86.1%. Its beta of -0.02 implies it has historically moved less than the broad market.
Australian Foundation Investment Company Limited (AFIC) operates as a publicly traded asset management firm. Its primary focus involves allocating capital within the public stock markets of both Australia and New Zealand, specifically targeting businesses identified as undervalued. The company's investment strategy encompasses a broad spectrum of industries, and it meticulously gauges its portfolio's returns against the S&P/ASX 200 Accumulation Index. To pinpoint suitable investments, AFIC employs a rigorous approach rooted in fundamental analysis, emphasizing detailed, bottom-up research conducted by its internal team. AFIC, established in 1928, maintains its headquarters in Melbourne, Australia.
Australian Foundation Investment Company Limited is most often compared with the following Financial Services names: