The latest update is out from Australian Foundation Investment Co. Ltd. ( (AU:AFI) ).
AFIC has announced an estimated pre-tax net tangible asset (NTA) backing per share of $8.16 as of 21 February 2025, compared to its share price of $7.40 on the same date. This NTA figure is calculated before provisions for current or deferred taxes and reflects the company’s ongoing strategy of capital growth and income distribution. The announcement provides an indicative view of the company’s financial health and may influence investor perceptions of its market valuation.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited (AFIC) operates in the financial investment industry, focusing on managing a diversified portfolio of Australian equities. The company aims to provide shareholders with capital growth and consistent dividends by investing in a variety of established and high-performing companies across different sectors in the Australian market.
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of AFI stock, go to TipRanks’ Stock Analysis page.