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Future Generation Australia Limited Stapled Security
(Sydney:FGX)
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Rating:74Outperform
Price Target:
AU$1.50
▲(13.64% Upside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by strong financial performance, led by a debt-free balance sheet and solid recent profitability/cash flow, offset by historically volatile results. Valuation is supportive due to a strong dividend yield and reasonable P/E, while technical indicators are mixed and currently reduce near-term momentum confidence.
Positive Factors
Debt-free balance sheet
The absence of debt gives FGX substantial financial flexibility and limits interest burdens during weaker investment conditions. Its sizable equity base and stable assets provide resilience, allowing the vehicle to maintain portfolio exposure and pursue its investment mandate without significant refinancing pressure.
Negative Factors
Earnings volatility
FGX’s earnings are materially dependent on investment outcomes, creating meaningful variability across market cycles. The 2022 loss contrasts with strong later results, making future earnings harder to forecast and reducing confidence that current profitability will persist uniformly over the next several periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt gives FGX substantial financial flexibility and limits interest burdens during weaker investment conditions. Its sizable equity base and stable assets provide resilience, allowing the vehicle to maintain portfolio exposure and pursue its investment mandate without significant refinancing pressure.
Read all positive factors
Future Generation Australia Limited Stapled Security (FGX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$543.67M
Dividend Yield5.45%
Average Volume (3M)293.46K
Price to Earnings (P/E)20.0
Beta (1Y)0.58
Revenue Growth-31.59%
EPS Growth-28.69%
CountryAU
Employees1
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.07
Shares Outstanding411,867,600
10 Day Avg. Volume253,236
30 Day Avg. Volume293,461
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 | TTM | Dec 2025 | Dec 2024 | Jun 2024 | Dec 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.22M | 78.22M | 63.09M | 59.42M | -62.33M | 47.78M |
| Gross Profit | 40.22M | 78.22M | 63.09M | 53.72M | -62.33M | 105.00M |
| EBITDA | 33.32M | 71.31M | 68.45M | 64.52M | -55.00K | 115.59M |
| Net Income | 27.14M | 52.90M | 47.93M | 45.83M | -43.89M | 79.88M |
Balance Sheet | ||||||
| Total Assets | 559.77M | 611.87M | 577.32M | 547.15M | 516.91M | 616.95M |
| Cash, Cash Equivalents and Short-Term Investments | 539.32M | 609.16M | 574.04M | 522.39M | 513.18M | 16.48M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 12.08M | 38.17M | 29.73M | 21.97M | 13.11M | 46.68M |
| Stockholders Equity | 547.69M | 573.70M | 547.59M | 525.18M | 503.80M | 570.26M |
Cash Flow | ||||||
| Free Cash Flow | 33.21M | 72.53M | 32.93M | 11.94M | -43.89M | -4.92M |
| Operating Cash Flow | 33.21M | 72.53M | 32.93M | 11.94M | 18.79M | -4.92M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -27.16M | -26.79M | -25.52M | -24.45M | -22.58M | -19.24M |
Future Generation Australia Limited Stapled Security Technical Analysis
Positive
1.32
Price Trends
1.34
Negative
1.34
Negative
1.32
Negative
Market Momentum
>-0.01
Negative
51.92
Neutral
54.17
Neutral
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 above the 20-day moving average (MA) of 1.30, below the 50-day MA of 1.34, and below the 200-day MA of 1.32, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.92 is Neutral, neither overbought nor oversold. The STOCH value of 54.17 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$543.67M | 19.97 | 4.84% | 5.45% | -31.59% | -28.69% | |
71 Outperform | AU$2.44B | 16.36 | 8.75% | 7.95% | -17.31% | -45.44% | |
69 Neutral | AU$2.96B | 18.16 | 49.77% | 2.64% | 586.06% | 463.96% | |
67 Neutral | AU$3.25B | 19.42 | 6.21% | 3.55% | 44.63% | -63.30% | |
63 Neutral | AU$1.98B | 21.30 | 5.64% | 7.25% | -16.00% | ― | |
63 Neutral | AU$523.03M | 39.48 | 2.07% | 4.56% | 45.10% | 44.28% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:FGX
Future Generation Australia Limited Stapled Security
1.32
0.03
2.40%
AU:MFG
Magellan Financial Group Ltd
8.18
-1.18
-12.62%
AU:PPT
Perpetual Limited
16.83
-1.98
-10.54%
AU:L1G
Platinum Asset Management Ltd
1.14
0.46
68.65%
AU:MFF
MFF Capital Investments Ltd.
5.35
0.70
15.03%
AU:MIR
Mirrabooka Investments Ltd
2.29
-0.90
-28.28%
Future Generation Australia Limited Stapled Security Corporate Events
Future Generation Australia Plans National Shareholder Presentation Roadshow
Sep 16, 2026
Future Generation Australia Limited Stapled Security, alongside Wilson Asset Management, is a listed investment and funds management group that offers shareholders access to diversified portfolios and philanthropic-focused investment strategies. O...
Future Generation Australia lifts portfolio returns and declares fully franked interim dividend
Sep 14, 2026
Future Generation Australia reported a 4.5% rise in its investment portfolio in August, beating the SP/ASX All Ordinaries Accumulation Index by 2.6% and lifting 12‑month performance to 2.9% against the index’s 3.5%. Since its 2014 ince...
Future Generation Australia Swings to Loss but Lifts Interim Dividend
Aug 26, 2026
Future Generation Australia Limited reported a sharp deterioration in performance for the half year to 30 June 2026, with revenue from ordinary activities turning negative at $15.6 million and a net loss after tax of $12.4 million compared with th...
Future Generation Australia Delivers Steady Dividends Amid Mixed Portfolio Performance
Aug 13, 2026
Future Generation Australia reported that its investment portfolio slipped 0.3% in July, lagging the 1.7% gain in the SP/ASX All Ordinaries Accumulation Index and bringing 12‑month performance to 2.6% versus the index’s 4.8%. Despite t...
Future Generation Australia Schedules HY2026 Results Q&A Webinar
Jul 22, 2026
Future Generation Australia will host a HY2026 interim results QA webinar on Wednesday 29 July 2026 at 3:00pm Sydney time. The session will feature the founder and director, the chief investment officer of Future Generation, and a portfolio manage...
Future Generation Australia lifts interim dividend after strong 20.1% shareholder return
Jul 7, 2026
Future Generation Australia has reported a total shareholder return of 20.1% for the 12 months to June 30, 2026, aided by franking credits, and lifted its fully franked interim dividend to 3.8 cents per share. This takes the annualised fully frank...
Future Generation Australia Declares Interim Dividend and Sets DRP Timetable
Jul 7, 2026
Future Generation Australia Limited has announced a fully franked interim dividend for holders of its ordinary fully paid shares, reflecting a distribution of AUD 0.038 per share for the six‑month period ended 30 June 2026. The record date i...
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.