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Fat Prophets Global Contrarian Fund Ltd. (FPC) AI Stock Analysis

AU:FPC

Fat Prophets Global Contrarian Fund Ltd.

(ASX:FPC)

Select Model
Rating:57Neutral
Price Target:AUD 1.50â–²(20.97% Upside)
Action:downgraded
Date:09/06/26

FPC scores in the mid-range. The dominant driver is financial performance, where a growing equity base and three consecutive profitable years are offset by rising leverage (debt-to-equity near 0.90x) and negative operating cash flow that did not support reported profits � a sign earnings are being carried by unrealised portfolio gains. A cheap 6.8x P/E and a 5.1% dividend yield provide meaningful support to the score, though the sustainability of that payout is a question given the cash flow profile. Technically the shares are neutral, holding above the 50-day average but still below the 100- and 200-day averages, reflecting a subdued longer-term trend. Overall, this is a leveraged, market-sensitive vehicle offering value and income appeal alongside genuine volatility and balance sheet risk.

Positive Factors
Active contrarian investment modelThe firm’s core business is an actively managed, contrarian portfolio strategy sold to shareholders. Over a multi-month horizon this business model can capture market mispricings and differentiate returns versus passive peers, supporting durable fee income if manager skill and positioning persist.
Negative Factors
Revenue volatilityLarge year-to-year swings in revenue undermine the predictability of management fees and performance-linked income. This weakens confidence in recurring earnings and makes planning for distributions and portfolio funding harder, increasing medium-term earnings and cashflow risk.

Fat Prophets Global Contrarian Fund Ltd. (FPC) vs. iShares MSCI Australia ETF (EWA)

-15%-10%-5%0%5%10%15%20%AU:FPC-5.01%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 41.23M
Dividend Yield
4.02%
Average Volume (3M)
14.21K
Price to Earnings (P/E)
6.5
Beta (1Y)
0.82
Revenue Growth
296.18%
EPS Growth
-17.85%
Country
Australia
Employees
―
Sector
Financial
Sector Strength
68
Industry
Asset Management - Global

Fat Prophets Global Contrarian Fund Ltd. Business Overview & Revenue Model

Company Description

Fat Prophets Global Contrarian Fund Ltd (FPC.AX) is an Australian-domiciled, closed-end equity investment vehicle, managed by Fat Prophets Funds Management Australia Pty. Ltd. This fund strategically allocates capital to publicly traded companies acr...

How the Company Makes Money

null

Fat Prophets Global Contrarian Fund Ltd. Financial Statement Overview

Summary

A mixed financial profile typical of a small, geared listed investment company. The income statement (56) shows a strong rebound with revenue near A$12.7 million and net income of A$5.2 million at healthy margins, but earnings are entirely market-dependent with a history of loss years. The balance sheet (57) is improving, with equity rebuilt to A$50.2 million and total assets near A$99.6 million, though borrowings jumped to A$45.0 million and gearing rose to roughly 0.90x equity. Cash flow (41) is the clear weak point: an operating and free cash outflow of about A$2.8 million versus reported profit of A$5.2 million indicates earnings driven by unrealised portfolio revaluations rather than realised cash, leaving distributions reliant on debt or asset sales.

Income Statement

56Neutral

Balance Sheet

57Neutral

Cash Flow

41Neutral
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue12.67M12.67M3.20M738.00K-4.48M2.09M
Gross Profit8.63M8.63M2.16M231.00K-5.16M1.12M
EBITDA8.04M8.04M10.11M6.93M-122.52K-26.00M
Net Income5.18M5.18M6.99M4.47M-534.00K-9.19M
Balance Sheet
Total Assets99.58M99.58M74.14M62.05M46.53M61.81M
Cash, Cash Equivalents and Short-Term Investments47.50M47.50M27.75M16.79M24.86M23.58M
Total Debt45.02M45.02M28.84M24.85M14.17M19.74M
Total Liabilities49.40M49.40M34.42M27.03M14.39M20.11M
Stockholders Equity50.18M50.18M39.73M35.02M32.14M41.71M
Cash Flow
Free Cash Flow-2.84M-2.84M9.61M-18.52M16.13M-9.19M
Operating Cash Flow-2.84M-2.84M9.61M-18.52M16.13M-9.19M
Investing Cash Flow0000018.74M
Financing Cash Flow4.11M4.11M-1.11M-1.55M-9.04M-7.11M

Fat Prophets Global Contrarian Fund Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price1.24

Price Trends

50DMA1.31Negative
100DMA1.30Negative
200DMA1.38Negative

Market Momentum

MACD-0.00Negative
RSI50.11Neutral
STOCH49.56Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FPC, the sentiment is Negative. The current price of 1.24 is below the 20-day moving average (MA) of 1.28, below the 50-day MA of 1.31, and below the 200-day MA of 1.38, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 50.11 is Neutral, neither overbought nor oversold. The STOCH value of 49.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:FPC.

Fat Prophets Global Contrarian Fund Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (68)

Financial Indicators

AU:FPC against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:WQGAU:WQG79OutperformAUD 520.45M6.7313.90%4.67%-5.33%-20.20%
Sector *68Neutral$18.00B11.429.92%3.81%9.73%1.22%
AU:PGFAU:PGF67NeutralAUD 1.93B6.3419.98%4.57%―40.23%
AU:WGBAU:WGB63NeutralAUD 729.99M-20.65-4.16%8.42%-123.14%-133.85%
AU:FGGAU:FGG61NeutralAUD 655.45M22.394.65%0.00%-61.20%-63.78%
AU:FPCAU:FPC57NeutralAUD 41.23M6.4510.39%4.02%296.18%-17.85%
AU:GFLAU:GFL39UnderperformAUD 31.60M-23.83-3.10%―-137.88%-267.38%

* Financial Sector Average

Performance Comparison

-20%0%20%AU:FPCAU:WQGAU:PGFAU:GFLAU:WGBAU:FGGDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:FPC and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:FPCFat Prophets Global Contrarian Fund Ltd.1.29-0.07-5.01%
AU:WQGWCM Global Growth Ltd.1.89-0.09-4.70%
AU:PGFPM Capital Global Opportunities Fund Ltd.3.170.5420.44%
AU:GFLGlobal Masters Fund Limited2.80-0.93-24.93%
AU:WGBWAM Global Ltd.2.03-0.35-14.85%
AU:FGGFuture Generation Global Limited1.630.106.54%

Fat Prophets Global Contrarian Fund Ltd. Corporate Events

Fat Prophets Fund Flags Dollar Inflection as NTA Dips

Sep 4, 2026

Fat Prophets Global Contrarian Fund has reported an estimated pre-tax net tangible asset value of $1.9222 per share as at 2 September 2026, down 1.101% from $1.9436 on 31 August, though management notes the fund has begun September solidly after a st...

Fat Prophets Global Contrarian Fund Lifts Revenue but Profit Slides in 2026

Aug 31, 2026

Fat Prophets Global Contrarian Fund Ltd reported an 8% rise in revenue from ordinary activities to $12.535 million for the year ended 30 June 2026. Despite this, profit before tax attributable to members fell 24% to $6.958 million, while profit after...

Fat Prophets Global Contrarian Fund Steps Up On‑Market Share Buy‑Back

Aug 31, 2026

Fat Prophets Global Contrarian Fund Ltd has issued an updated notification outlining ongoing on‑market share buy‑backs of its ordinary fully paid shares. The latest filing, dated 31 August 2026, reports a cumulative total of 40,000 shares...

Fat Prophets Global Contrarian Fund Lifts NTA on Metals Rally and Tech Bets

Aug 28, 2026

Fat Prophets Global Contrarian Fund reported an estimated pre-tax NTA per share of $1.9567 as at 26 August 2026, up 11.8% from $1.7504 at the end of July, signalling a strong recent performance. The uplift was driven largely by a rebound in gold and...

Fat Prophets Global Contrarian Fund lifts NTA on metals rally, reshapes portfolio

Aug 20, 2026

Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.8861 per share as at 19 August 2026, up from $1.7504 at the end of July, representing a 7.753% increase over the period. The uplift has been driven large...

Fat Prophets Global Contrarian Fund Updates Daily On‑Market Buy‑Back Activity

Aug 17, 2026

Fat Prophets Global Contrarian Fund Ltd., an ASX-listed investment fund trading under the code FPC, provides investors access to an actively managed contrarian portfolio through ordinary fully paid shares. The fund operates within the broader financi...

Fat Prophets Fund lifts NTA and pivots into insurers, Netflix and Meta

Aug 13, 2026

Fat Prophets Global Contrarian Fund reported a sharp rise in its estimated pre-tax net tangible asset value per share to $1.8917 as of 12 August 2026, up 8.07% since 31 July, driven largely by strong gains in gold and precious metals, as well as soli...

Fat Prophets Global Contrarian Fund posts July NTA uplift

Jul 30, 2026

Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.7384 per share as at 29 July 2026, up from $1.6887 at 30 June 2026. This represents a 2.943% increase in NTA over the period, indicating a positive perfo...

Fat Prophets Global Contrarian Fund lifts NTA amid rising market volatility

Jul 24, 2026

Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.7459 per share as at 22 July 2026, up 3.387% from $1.6887 at 30 June 2026. The improvement comes despite rising market volatility driven by escalating co...

Fat Prophets Fund Absorbs NTA Hit as It Doubles Down on Contrarian Bets

Jul 14, 2026

Fat Prophets Global Contrarian Fund reported a decline in its estimated pre- and post-tax net tangible asset backing for June 2026, partly reflecting dilution from a recent rights issue priced at $1.42 per share. The fund remains heavily invested, wi...

Fat Prophets Global Contrarian Fund lifts NTA on contrarian tech and financial bets

Jul 9, 2026

Fat Prophets Global Contrarian Fund reported an estimated pre-tax NTA per share of $1.7345 as at 8 July 2026, up 2.71% from 30 June. Performance in the first week of July was buoyed by strong gains in Japanese banks, a takeover bid for gold miner Vau...

Fat Prophets Global Contrarian Fund Lifts NTA and Expands U.S. Exposure

Jul 6, 2026

Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.6989 per share as at 1 July 2026, up 0.604% from 30 June 2026. July has begun positively for the portfolio, reflecting active management decisions and a...

Fat Prophets Global Contrarian Fund NTA Falls as Strong U.S. Dollar Pressures Commodities

Jun 28, 2026

Fat Prophets Global Contrarian Fund reported an estimated pre-tax NTA of $1.6994 per share as at 24 June 2026, down from $1.8485 at 31 May, reflecting an 8.07% decline that also captures dilution from a recent rights issue priced at $1.42. Management...

Fat Prophets Global Contrarian Fund Alters Broker for Ongoing On-Market Buy-Back

Jun 25, 2026

Fat Prophets Global Contrarian Fund Ltd., an ASX-listed investment fund offering ordinary fully paid shares under the code FPC, operates in the funds management sector with a focus on contrarian global equity investments for retail and institutional...

Fat Prophets Global Contrarian Fund Updates Daily On‑Market Buy-Back Activity

Jun 25, 2026

Fat Prophets Global Contrarian Fund Ltd, an ASX-listed investment fund specialising in a contrarian global investment strategy, offers investors exposure to a managed portfolio through its ordinary fully paid shares trading under the code FPC. The fu...

Fat Prophets Global Contrarian Fund Issues 1.48m Unquoted Options

Jun 16, 2026

Fat Prophets Global Contrarian Fund Ltd, an ASX-listed investment fund specialising in contrarian global strategies, offers investors access to a diversified portfolio built around value-driven opportunities. The fund targets mispriced assets across...

Fat Prophets Global Contrarian Fund Seeks Quotation for 1.48 Million New Shares

Jun 16, 2026

Fat Prophets Global Contrarian Fund has applied to list 1,478,877 new ordinary fully paid shares on the ASX under the code FPC, with an issue date of June 16, 2026. The additional quoted securities expand the fund’s listed capital base, potenti...

Fat Prophets Global Contrarian Fund Seeks ASX Quotation for Newly Issued Securities

Jun 10, 2026

Fat Prophets Global Contrarian Fund has applied to the ASX for quotation of a new batch of fully paid securities that were issued on 10 June 2026 as part of a previously flagged transaction. The application follows an earlier Appendix 3B lodged on 2...

Fat Prophets Global Contrarian Fund Issues Over 2.3 Million Unquoted Options

Jun 10, 2026

Fat Prophets Global Contrarian Fund Ltd has issued 2,307,587 unquoted options, designated FPCAC and expiring on June 11, 2027, as part of a previously announced transaction. The move modestly increases the company’s pool of equity-linked securi...

Fat Prophets Global Contrarian Fund Raises $5.4m Through Rights Issue

Jun 10, 2026

Fat Prophets Global Contrarian Fund has completed a non-renounceable pro rata rights issue, raising $3.28 million from shareholder entitlements and additional subscriptions at an issue price of $1.42 per share, increasing its total shares on issue to...

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: Sep 06, 2026