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Australian Ethical Investment Ltd (AU:AEF)
ASX:AEF
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Australian Ethical Investment Ltd (AEF) AI Stock Analysis

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AU:AEF

Australian Ethical Investment Ltd

(Sydney:AEF)

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Outperform 81 (OpenAI - Gpt-5.6Sol)
Rating:81Outperform
Price Target:
AU$6.00
▲(46.34% Upside)
Action:Upgraded
Date:08/26/26
The score is driven primarily by strong financial performance (growth, low leverage, and solid cash conversion). Technicals are supportive with price above major moving averages, but elevated RSI indicates stretched momentum. Valuation is reasonable with a moderate P/E and a supportive dividend yield, but not compelling enough to raise the score further.
Positive Factors
Strong Revenue Growth
AEF has more than doubled revenue over the reported period while maintaining high gross margins. Continued scale in ethically screened superannuation and managed funds can support recurring fee income and strengthen operating leverage.
Negative Factors
Earnings Volatility
Uneven profitability reduces confidence that recent earnings growth will persist at the same pace. Variability may reflect market-linked asset values, flows, or operating factors, making future margins and earnings less predictable despite strong 2026 results.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
AEF has more than doubled revenue over the reported period while maintaining high gross margins. Continued scale in ethically screened superannuation and managed funds can support recurring fee income and strengthen operating leverage.
Read all positive factors

Australian Ethical Investment Ltd (AEF) vs. iShares MSCI Australia ETF (EWA)

Australian Ethical Investment Ltd Business Overview & Revenue Model

Company Description
Australian Ethical Investment Ltd. operates as a publicly listed asset management firm. It develops and manages various mutual funds for its clientele, spanning equity, fixed income, and balanced investment strategies. The company deploys capital ...
How the Company Makes Money
AEF primarily makes money by charging fees for managing and administering client assets across its investment products and services. Its core revenue stream is funds management and superannuation-related fees that are typically calculated as a per...

Australian Ethical Investment Ltd Financial Statement Overview

Summary
Strong multi-year revenue growth and healthy margins, supported by very low leverage and strong equity growth. Cash generation is robust with high earnings-to-cash conversion, though profitability and cash flow momentum have been uneven year-to-year, creating some sustainability risk.
Income Statement
84
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
88
Very Positive
BreakdownJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue129.55M119.38M100.49M81.10M70.78M
Gross Profit104.17M80.12M81.75M65.79M59.38M
EBITDA38.58M38.05M25.27M15.67M15.22M
Net Income25.81M20.20M11.53M6.58M9.51M
Balance Sheet
Total Assets79.81M69.73M51.23M47.30M41.94M
Cash, Cash Equivalents and Short-Term Investments50.78M38.84M36.39M32.73M27.39M
Total Debt1.52M2.18M2.77M2.20M834.00K
Total Liabilities29.18M29.28M21.09M20.55M17.27M
Stockholders Equity50.63M40.45M30.14M26.75M24.66M
Cash Flow
Free Cash Flow32.42M26.61M21.27M16.00M15.40M
Operating Cash Flow32.64M26.89M22.29M16.20M16.16M
Investing Cash Flow-19.27M-21.85M-11.17M-4.07M-4.12M
Financing Cash Flow-19.44M-12.59M-11.86M-6.79M-12.46M

Australian Ethical Investment Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.10
Price Trends
50DMA
4.45
Positive
100DMA
4.36
Positive
200DMA
4.66
Positive
Market Momentum
MACD
0.09
Negative
RSI
63.77
Neutral
STOCH
69.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AEF, the sentiment is Positive. The current price of 4.1 is below the 20-day moving average (MA) of 4.53, below the 50-day MA of 4.45, and below the 200-day MA of 4.66, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 63.77 is Neutral, neither overbought nor oversold. The STOCH value of 69.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AEF.

Australian Ethical Investment Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
AU$583.95M21.2655.44%2.70%8.51%27.42%
79
Outperform
AU$558.08M10.479.43%4.41%13.02%9.62%
69
Neutral
AU$37.91M5.5017.14%1.33%-53.08%52.98%
69
Neutral
AU$94.54M11.277.48%7.94%-55.60%
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
67
Neutral
AU$3.15B12.5514.31%5.99%-12.42%-36.36%
41
Neutral
AU$2.26B-130.20-1.00%6.01%2.23%96.71%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AEF
Australian Ethical Investment Ltd
4.94
-2.81
-36.28%
AU:MFG
Magellan Financial Group Ltd
11.05
1.16
11.70%
AU:PPT
Perpetual Limited
19.58
-1.23
-5.92%
AU:CAM
Clime Capital Limited
0.68
<0.01
1.35%
AU:MEC
Morphic Ethical Equities Fund Ltd.
1.26
0.16
14.13%
AU:FGX
Future Generation Australia Limited Stapled Security
1.36
0.10
8.31%

Australian Ethical Investment Ltd Corporate Events

Australian Ethical flags FY26 full-year results with ethical focus
Aug 24, 2026
Australian Ethical Investment Ltd has released materials relating to its full-year financial results for FY26, led by Managing Director and CEO John McMurdo and CFO Mark Simons. While the document provided contains minimal financial detail, the an...
Australian Ethical posts record FY26 profit on super growth and platform upgrades
Aug 24, 2026
Australian Ethical Investment has reported record full-year FY26 results, with underlying profit after tax rising 15% to $27.3 million and net profit after tax up 29% to $25.7 million. Revenue increased 9% to $129.5 million, supported by funds und...
Australian Ethical declares six-month dividend for June 2026 period
Aug 24, 2026
Australian Ethical Investment Ltd has declared a six-month distribution of AUD 0.10 per ordinary fully paid share for the period ended 30 June 2026. The dividend will trade ex on 2 September, with a record date of 3 September and payment scheduled...
Australian Ethical exits substantial holder position in Rubicon Water
Aug 11, 2026
Australian Ethical Investment Ltd has lodged a notice with the ASX confirming it has ceased to be a substantial holder in Rubicon Water Limited. The change reflects a reduction in its voting power below the substantial holding threshold, signallin...
Australian Ethical Sets Date for FY26 Results Webcast
Aug 10, 2026
Australian Ethical Investment Ltd will release its financial results for the year ended 30 June 2026 on 25 August 2026, accompanied by a webcast briefing led by CEO John McMurdo and CFO Mark Simons. The session will include a review of the FY26 pe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 26, 2026