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Future Generation Australia Limited Stapled Security
(Sydney:FGX)
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Rating:79Outperform
Price Target:
AU$1.50
▲(13.64% Upside)
Action:Reiterated
Date:07/01/26
The score is primarily supported by strong financial strength (debt-free balance sheet and solid recent profitability/cash flow) and attractive valuation (low P/E and high dividend yield). This is tempered by historically volatile earnings/cash flow and only modest technical strength based on moving averages with limited momentum indicators provided.
Positive Factors
Debt-free balance sheet
Zero reported debt and substantial equity (~$574M) with assets (~$612M) provide durable financial flexibility. This capital structure allows FGX to withstand market drawdowns, fund distributions or philanthropic commitments, and deploy capital opportunistically without needing external financing.
Negative Factors
Earnings and cashflow volatility
FGX’s results have shown meaningful volatility, including a 2022 loss and intermittent negative cash flows. For a fund whose performance derives from market returns, this cyclicality reduces predictability of earnings and distributions and raises the risk of capital actions during downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and substantial equity (~$574M) with assets (~$612M) provide durable financial flexibility. This capital structure allows FGX to withstand market drawdowns, fund distributions or philanthropic commitments, and deploy capital opportunistically without needing external financing.
Read all positive factors
Future Generation Australia Limited Stapled Security (FGX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$553.96M
Dividend Yield4.41%
Average Volume (3M)298.90K
Price to Earnings (P/E)10.5
Beta (1Y)0.61
Revenue Growth13.02%
EPS Growth9.62%
CountryAU
Employees1
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.13
Shares Outstanding411,867,600
10 Day Avg. Volume316,879
30 Day Avg. Volume298,901
Financial Highlights & Ratios
PEG Ratio1.21
Price to Book (P/B)0.94
Price to Sales (P/S)6.86
P/FCF Ratio7.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Future Generation Australia Limited Stapled Security Business Overview & Revenue Model
Company Description
Future Generation Investment Fund Limited functions as a closed-ended fund of funds, originally launched and currently managed by Wilson Asset Management (International) Pty Limited. A distinguished group of firms also contributes to its co-manage...
How the Company Makes Money
FGX’s economic engine is investment-based rather than operating sales. It seeks to make money primarily through (1) capital growth in the market value of its investment portfolio (i.e., gains on listed equities and other investments it holds) and ...
Future Generation Australia Limited Stapled Security Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Jun 2024 | Dec 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 78.22M | 63.09M | 59.42M | -62.33M | 47.78M |
| Gross Profit | 78.22M | 63.09M | 53.72M | -62.33M | 105.00M |
| EBITDA | 71.31M | 68.45M | 64.52M | -55.00K | 115.59M |
| Net Income | 52.90M | 47.93M | 45.83M | -43.89M | 79.88M |
Balance Sheet | |||||
| Total Assets | 611.87M | 577.32M | 547.15M | 516.91M | 616.95M |
| Cash, Cash Equivalents and Short-Term Investments | 609.16M | 574.04M | 522.39M | 513.18M | 16.48M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 38.17M | 29.73M | 21.97M | 13.11M | 46.68M |
| Stockholders Equity | 573.70M | 547.59M | 525.18M | 503.80M | 570.26M |
Cash Flow | |||||
| Free Cash Flow | 72.53M | 32.93M | 11.94M | -43.89M | -4.92M |
| Operating Cash Flow | 72.53M | 32.93M | 11.94M | 18.79M | -4.92M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -26.79M | -25.52M | -24.45M | -22.58M | -19.24M |
Future Generation Australia Limited Stapled Security Technical Analysis
Positive
1.32
Price Trends
1.33
Positive
1.33
Positive
1.30
Positive
Market Momentum
<0.01
Positive
53.83
Neutral
15.08
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FGX, the sentiment is Positive. The current price of 1.32 is below the 20-day moving average (MA) of 1.36, below the 50-day MA of 1.33, and above the 200-day MA of 1.30, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.83 is Neutral, neither overbought nor oversold. The STOCH value of 15.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FGX.
Future Generation Australia Limited Stapled Security Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$553.96M | 10.51 | 9.43% | 4.41% | 13.02% | 9.62% | |
79 Outperform | AU$3.05B | 11.44 | 17.76% | 3.34% | 138.96% | -62.36% | |
71 Outperform | AU$3.16B | 13.43 | 14.31% | 5.99% | -12.42% | -36.36% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | AU$552.93M | 43.56 | 1.27% | 3.56% | 21.34% | 3.66% | |
58 Neutral | AU$3.02B | 149.38 | 58.96% | 23.72% | 215.38% | -82.04% | |
50 Neutral | AU$2.16B | -126.67 | -1.00% | 6.01% | 2.23% | 96.71% |
* Financial Sector Average
AU:FGX
Future Generation Australia Limited Stapled Security
1.35
0.18
15.35%
AU:MFG
Magellan Financial Group Ltd
10.84
2.18
25.22%
AU:PPT
Perpetual Limited
18.73
-0.15
-0.77%
AU:L1G
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1.19
0.70
142.86%
AU:MFF
MFF Capital Investments Ltd.
5.14
0.89
21.03%
AU:MIR
Mirrabooka Investments Ltd
2.47
-0.70
-22.06%
Future Generation Australia Limited Stapled Security Corporate Events
Future Generation warns investors over limits of economic outlook presentation
Jun 29, 2026
Future Generation Australia and Future Generation Global released a presentation featuring Chair Dr Philip Lowe, Chief Investment Officer Lee Hopperton and Future Generation Global Chair Jennifer Westacott discussing prospects for the Australian e...
Future Generation to host economic outlook webinar on Australia’s next phase
Jun 23, 2026
Future Generation Australia is convening a webinar titled “What’s next for the Australian economy?” featuring its chair, Dr Philip Lowe, and Future Generation Global chair Jennifer Westacott AC, reflecting its role as a platform ...
Future Generation Chairs to Host Q&A on Budget, Inflation and Geopolitics
May 26, 2026
Future Generation Australia and Future Generation Global will host a joint online Chairs QA webinar on 25 June 2026, featuring Dr Philip Lowe and Jennifer Westacott AC. The session will address the Australian Federal Budget, inflationary pressures...
Future Generation Australia Lists New Shares from Dividend Reinvestment Plan
May 13, 2026
Future Generation Australia Limited has applied for quotation on the ASX of 930,280 new ordinary fully paid shares under its dividend or distribution reinvestment plan. The new FGX securities, issued on May 13, 2026, will increase the company̵...
Future Generation Australia Updates DRP Price on Interim Dividend
May 5, 2026
Future Generation Australia Limited has updated its dividend notification for its ordinary fully paid shares, revising the Dividend Reinvestment Plan price associated with a previously announced distribution. The dividend relates to the six-month ...
Future Generation Australia Director Mike Baird to Retire from Board
May 1, 2026
Future Generation Australia has announced the retirement of Director and former Chair Mike Baird, effective 1 May 2026, following his appointment as CEO of NRMA and his decision not to stand for re-election at the 2026 AGM. Chair Philip Lowe prais...
Future Generation Australia Director Increases Shareholding
Apr 19, 2026
Future Generation Australia Limited has disclosed a change in director Kate Thorley’s holding in the company, reporting an on‑market purchase of additional ordinary shares. Thorley acquired 10,000 shares indirectly for approximately $1...
Future Generation Australia Posts Lower March Return but Maintains Dividend Payout
Apr 14, 2026
Future Generation Australia reported that its investment portfolio fell 8.9% in March, underperforming the SP/ASX All Ordinaries Accumulation Index’s 7.3% decline, and delivered a 12‑month return of 9.5% versus the index’s 11.3%....
Future Generation Australia Sets 2026 AGM to Vote on Pay and Board Seats
Apr 14, 2026
Future Generation Australia Limited has called its 2026 Annual General Meeting for 20 May 2026 at the Museum of Sydney, with simultaneous online access for shareholders who wish to participate virtually. The agenda includes receiving the 2025 fina...
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.