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How to buy AFIC (AFI) shares in Australia

Learn how to easily invest in AFIC shares.

AFIC, or the Australian Foundation Investment Company, is one of the oldest investment managers in Australia with a nearly 100-year track record. AFIC has investments in some of the biggest equities in Australia, including BHP, Woolworths, Macquarie and Rio Tinto.

How to buy shares in AFIC

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for AFIC. Find the share by name or ticker symbol: AFI. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until AFIC reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check on your investment. Congratulations, you own a part of AFIC. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

AFIC stock price (ASX:AFI)

Use our graph to track the performance of AFI stocks over time.

AFIC shares at a glance

Information last updated 2023-12-04.
52-week range$6.53 - $7.638
50-day moving average $6.8446
200-day moving average $7.0641
Target price$6.01
PE ratio 28.13
Dividend yield $0.25 (3.55%)
Earnings per share (TTM) $0.25

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Is it a good time to buy AFIC stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

AFIC price performance over time

Historical closes compared with the last close of A$7.11

1 week (2023-12-01) 0.85%
1 month (2023-11-08) 2.75%
3 months (2023-09-08) 1.86%
6 months (2023-06-08) 1.14%
1 year (2022-12-08) -5.95%
2 years (2021-12-08) -13.50%
3 years (2020-12-08) -1.39%
5 years (2018-12-07) 21.33%

Is AFIC under- or over-valued?

Valuing AFIC stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of AFIC's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

AFIC's P/E ratio

AFIC's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 28x. In other words, AFIC shares trade at around 28x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

AFIC financials

Revenue TTM $350 million
Operating margin TTM 94.24%
Gross profit TTM $350 million
Return on assets TTM 2.41%
Return on equity TTM 4.27%
Profit margin 88.5%
Book value 6.092
Market capitalisation $8.8 billion

TTM: trailing 12 months

AFIC share dividends


Dividend payout ratio: 1.92% of net profits

Recently AFIC has paid out, on average, around 1.92% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.55% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), AFIC shareholders could enjoy a 3.55% return on their shares, in the form of dividend payments. In AFIC's case, that would currently equate to about A$0.25 per share.

While AFIC's payout ratio might seem low, this can signify that AFIC is investing more in its future growth.

The latest dividend was paid out to all shareholders who bought their shares by 11 August 2023 (the "ex-dividend date").

Have AFIC's shares ever split?

AFIC's shares were split on a 1.1:1 basis on 15 August 1996. So if you had owned 1 share the day before the split, the next day you would own 1.1 shares. This wouldn't directly have changed the overall worth of your AFIC shares – just the quantity. However, indirectly, the new 9.1% lower share price could have impacted the market appetite for AFIC shares which in turn could have impacted AFIC's share price.

AFIC share price volatility

Over the last 12 months, AFIC's shares have ranged in value from as little as $6.53 up to $7.638. A popular way to gauge a stock's volatility is its "beta".

AFI.AU volatility(beta: 0.54)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while AFIC's is 0.536. This would suggest that AFIC's shares are less volatile than average (for this exchange).

AFIC overview

Australian Foundation Investment Company Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia and New Zealand. It invests in value stocks of companies. It benchmarks the performance of its portfolio against S&P/ASX 200 Accumulation Index. It invests in companies across diversified industries. The firm employs fundamental analysis with a focus on bottom-up research to make its investments. The firm conducts in-house research to make its investments. Australian Foundation Investment Company Limited was founded in 1928 and is based in Melbourne, Australia.

AFIC in the news

There are no recent company news

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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