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Fat Prophets Global Contrarian Fund Ltd.
(Sydney:FPC)
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Rating:61Neutral
Price Target:
AU$1.50
▲(4.17% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by uneven financial performance: while profitability has recovered, cash flow volatility and the 2026 cash outflow despite profits raise quality-of-earnings and funding-risk concerns, alongside leverage trending higher. Offsetting this, valuation is notably attractive (low P/E and strong dividend yield). Technical indicators are broadly neutral, providing limited support or downside signal.
Positive Factors
Active contrarian investment model
The 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 volatility
Large 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Active contrarian investment model
The 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.
Read all positive factors
Fat Prophets Global Contrarian Fund Ltd. (FPC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$42.51M
Dividend Yield5.18%
Average Volume (3M)11.75K
Price to Earnings (P/E)6.7
Beta (1Y)0.84
Revenue Growth296.18%
EPS Growth-17.85%
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management - Global
Share Statistics
EPS (TTM)0.20
Shares Outstanding31,958,944
10 Day Avg. Volume15,765
30 Day Avg. Volume11,746
Financial Highlights & Ratios
PEG Ratio-0.26
Price to Book (P/B)0.74
Price to Sales (P/S)2.94
P/FCF Ratio-13.11
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
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 ...
How the Company Makes Money
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Fat Prophets Global Contrarian Fund Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
36
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.67M | 3.20M | 7.00M | 145.00K | 2.09M |
| Gross Profit | 8.63M | 2.16M | 7.00M | 179.00K | 1.12M |
| EBITDA | 8.04M | 10.11M | 6.93M | -122.52K | -26.00M |
| Net Income | 5.18M | 6.99M | 4.47M | -534.00K | -9.19M |
Balance Sheet | |||||
| Total Assets | 99.58M | 74.14M | 62.05M | 46.53M | 61.81M |
| Cash, Cash Equivalents and Short-Term Investments | 47.50M | 27.75M | 16.79M | 24.86M | 23.58M |
| Total Debt | 45.02M | 28.84M | 24.85M | 14.17M | 19.74M |
| Total Liabilities | 49.40M | 34.42M | 27.03M | 14.39M | 20.11M |
| Stockholders Equity | 50.18M | 39.73M | 35.02M | 32.14M | 41.71M |
Cash Flow | |||||
| Free Cash Flow | -2.84M | 9.61M | -18.52M | 16.13M | -9.19M |
| Operating Cash Flow | -2.84M | 9.61M | -18.52M | 16.13M | -9.19M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 18.74M |
| Financing Cash Flow | 4.11M | -1.11M | -1.55M | -9.04M | -7.11M |
Fat Prophets Global Contrarian Fund Ltd. Technical Analysis
Negative
1.44
Price Trends
1.33
Positive
1.37
Negative
1.42
Negative
Market Momentum
<0.01
Positive
43.01
Neutral
21.83
Neutral
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 1.44 is above the 20-day moving average (MA) of 1.38, above the 50-day MA of 1.33, and above the 200-day MA of 1.42, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.01 is Neutral, neither overbought nor oversold. The STOCH value of 21.83 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$568.77M | 7.36 | 13.90% | 4.13% | -5.33% | -20.20% | |
71 Outperform | AU$643.38M | 21.98 | 4.65% | 0.00% | -61.20% | -63.78% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | AU$1.94B | 6.36 | 19.98% | 4.56% | ― | 40.23% | |
61 Neutral | AU$42.51M | 6.65 | 10.39% | 5.18% | 296.18% | -17.85% | |
59 Neutral | AU$708.41M | -20.04 | -4.16% | 8.68% | -123.14% | -133.85% | |
46 Neutral | AU$32.50M | -24.51 | -3.10% | ― | -137.88% | -267.38% |
* Financial Sector Average
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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...
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 af...
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 sha...
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 a...
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 la...
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 fina...
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 s...
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 pe...
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...
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,...
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 ...
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...
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. Managem...
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 institution...
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...
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 acro...
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, pote...
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...
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 sec...
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...
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.