AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED (AFI)



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General Information
Company Name: Australian Foundation Investment Company Limited
Stock Code: AFI
Website: www.afi.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 5,539
Equiv. Shares (M): 1,037

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 5.410 $ 5.370 $ 5.450 $ 5.320 $ 5.340 214,165 $ 0.070  1.311 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 28th Jul 2009
12 Month Target Price (average): $0
Brokers Surveyed: 1

Company Overview

Business Description:
Australian Foundation Investment Company Limited (AFI) is an Australian investment company, specialising in investing in Australian equities.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 219.8 21.5 -6.5 19.5 21.0 5.0 100.0
2011  A 233.2 23.0 23.7 20.7 21.0 4.4 100.0
2010  A 183.6 18.6 -13.9 26.9 21.0 4.2 100.0
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
AFIC (AFI) $5,519 M -0.0677 -- -- 24.7903 -- -- 0.0395 -- --
IOOF (IFL) $1,755 M -0.1406 0.1266 0.1283 18.3051 16.2476 14.4000 0.0489 0.0547 0.0607
Macquarie Group (MQG) $14,533 M 0.2165 0.2968 0.1620 17.3791 13.4012 11.5333 0.0468 0.0548 0.0618
Perpetual (PPT) $1,687 M 0.1615 0.1178 0.1819 23.8925 21.3746 18.0844 0.0224 0.0293 0.0415
Platinum Asset Mgmt (PTM) $3,173 M -0.1447 NaN 0.1843 24.3892 24.3783 20.5849 0.0383 0.0381 0.0464

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
AFI 0.98 24.9 1.39 --
Market 0.94 12.3 0.82 1.92
Sector 1.10 17.8 1.07 1.23

Directors
Name Position Start Date
Mr Ross Ernest Barker Managing Director 06 April 1987
Mr Bruce B Teele Non-Executive Chairman 05 June 1966
Mr Terrence Arthur Campbell Non-Executive Deputy Chairman,Non-Executive Director 07 February 1983
Mr Donald R Argus Non-Executive Director 12 May 1999
Mr John Paterson Non-Executive Director 06 April 1987
Mr Fergus Denis Ryan Non-Executive Director 08 August 2001
Mrs Catherine Mary Walter Non-Executive Director 14 August 2002
Mr Graeme Richard Liebelt Non-Executive Director 13 June 2012
Mr Peter John Williams Non-Executive Director 03 February 2010

Management
Name Position
Andrew Porter Chief Financial Officer,Company Secretary
R Mark Freeman Chief Investment Officer
Simon Pordage Company Secretary
Geoffrey N Driver General Manager, Business Development and Investor Relations

Calendar of Events
Date Event
05 March 2014 Report (Interim)
20 February 2014 Report (Interim)
20 January 2014 Report (Interim)
29 August 2013 Report (Annual)
22 July 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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