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Future Generation Australia Limited (FGX.AX)

AUD1.37 +0.02 (+1.11%)
AU ASX Financial Services Asset Management
Address Level 2 3000
Melbourne, VIC, AU
CEO Caroline Gurney
Website futuregeninvest.com.au
IPO 1997-03-27
ISIN AU000000FGX1

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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-management, including Bennelong Long Short Equity Management, Cooper Investors, Bennelong Australian Equity Partners, Discovery Asset Management, Eley Griffiths Group, Kingston Funds Management, Lanyon Asset Management, LHC Capital, Optimal Fund Management Australia, Paradice Investment Management, Regal Funds Management, Sandon Capital, and Smallco Investment Manager. The fund primarily directs its investments towards Australia's public equity markets. It strategically allocates capital to other funds, which are overseen by selected Australian fund managers, implementing various strategies such as long-only, long/short, and alternative investments. This investment vehicle is legally domiciled in Australia.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
AUD1.37 +0.02 (+1.11%)
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Volume Profile
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Liquidity & share structure
Average Volume
343.1K
Beta
0.44
Float Shares
341.25M
Free Float %
83.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.76% +0.38% +1.92% -6.69% +2.71% +1.15% +9.50% +19.37% -0.38% +17.26% +25.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.37
DCF (Unlevered) 0.20 -85.7%
DCF (Levered) 0.16 -88.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
10.79
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Asset Management: +17.4%
    +24.0% ★ Q4'25: +50.1% (vs Q4'23)
  • ✓
    EPS growth Asset Management: +22.7%
    +8.3% Q4'25: +56.8% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Asset Management: +27.7%
    +67.6% Q4'25: +36.6% (vs Q4'23)
  • ✓
    EBIT margin Asset Management: +50.6%
    +91.2% ★ Q4'25: +93.7% (vs Q4'23)
  • ✓
    ROIC Asset Management: +6.5%
    — Q4'25: -446.2% (vs Q4'23)
  • ✗
    Share dilution Asset Management: +0.0%
    +0.5% Q4'25: +0.9% (vs Q4'23)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    0.00× ★ Q4'25: 0.00× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.45) × ERP
WACC = 100% × Ke + 0% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 0.20 Current price: 1.37
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 1998
actual 		Dec 2000
actual 		Dec 2001
actual 		Dec 2002
actual 		Dec 2004
actual 		Dec 2005
actual 		Dec 2006
actual 		Dec 2008
actual 		Dec 2009
actual 		Dec 2010
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2016
actual 		Dec 2016
actual
Revenue
-679.0K
est: 25.61M (-102.7%)
-2.73M
est: 23.75M (-111.5%)
-7.94M
est: 24.57M (-132.3%)
4.15M
est: 26.43M (-84.3%)
44.28M
est: 104.88M (-57.8%)
118.20M
est: 96.40M (+22.6%)
129.78M
est: 131.80M (-1.5%)
236.61M
est: 149.24M (+58.5%)
104.13M
est: 167.97M (-38.0%)
210.66M
est: 181.14M (+16.3%)
214.48M
est: 89.44M (+139.8%)
223.52M
est: 74.97M (+198.2%)
20.13M
est: 119.00M (-83.1%)
14.50M
est: 119.00M (-87.8%)
EBITDA
—
est: 15.34M (-100.0%)
—
est: 14.23M (-100.0%)
—
est: -10.96M (+100.0%)
6.97M
est: -1.40M (+598.3%)
38.93M
est: 70.86M (-45.1%)
112.13M
est: 84.74M (+32.3%)
118.39M
est: 78.95M (+50.0%)
106.30M
est: 89.40M (+18.9%)
95.32M
est: 107.26M (-11.1%)
57.21M
est: 108.50M (-47.3%)
—
est: 53.57M (-100.0%)
—
est: 44.90M (-100.0%)
17.75M
est: 71.28M (-75.1%)
18.09M
est: 71.28M (-74.6%)
EBIT
-18.64M
-44.87M
-3.27M
est: -10.24M (+68.1%)
4.77M
est: -1.51M (+416.6%)
38.93M
est: 70.86M (-45.1%)
112.13M
est: 84.65M (+32.5%)
118.39M
—
95.32M
est: 107.26M (-11.1%)
57.21M
197.09M
145.98M
-4.0K
18.08M
Net Income
17.28M
est: 20.97B (-99.9%)
39.41M
est: 60.52M (-34.9%)
-12.60M
est: -13.03M (+3.3%)
4.05M
est: 4.41M (-8.1%)
37.32M
est: 70.86M (-47.3%)
107.48M
est: 85.11M (+26.3%)
109.52M
est: 149.71M (-26.8%)
82.34M
est: 171.87M (-52.1%)
100.59M
est: 113.22M (-11.2%)
191.25M
est: 206.30M (-7.3%)
195.97M
est: 161.86M (+21.1%)
168.32M
est: 141.07M (+19.3%)
14.62M
12.11M
SGA
—
est: 69.0K (-100.0%)
—
est: 2.46M (-100.0%)
1.32M
est: 1.34M (-1.8%)
1.34M
est: 3.01M (-55.4%)
488.0K
est: 5.39M (-91.0%)
535.0K
est: 2.39M (-77.6%)
807.0K
est: 4.79M (-83.1%)
940.0K
est: 1.58M (-40.6%)
740.0K
est: 1.69M (-56.2%)
894.0K
est: 1.62M (-44.7%)
1.54M
est: 2.97M (-48.2%)
1.18M
est: 202.9K (+481.1%)
28.0K
est: 320.5K (-91.3%)
166.0K
est: 320.5K (-48.2%)
EPS
36.01
est: 51.40 (-29.9%)
51.94
est: 33.57 (+54.7%)
-0.03
est: -11.36 (+99.7%)
5.02
est: 19.92 (-74.8%)
34.53
est: 59.58 (-42.0%)
78.65
est: 29.96 (+162.5%)
59.00
est: 59.02 (0.0%)
42.79
est: 59.21 (-27.7%)
57.93
est: 49.27 (+17.6%)
73.09
est: 50.59 (+44.5%)
69.46
est: 42.89 (+62.0%)
0.00
est: 41.15 (-100.0%)
0.07
0.05
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-28 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-27 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-26 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-25 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-22 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-21 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-20 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-19 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-18 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-15 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-14 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-13 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-12 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-11 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-05-08 B 3/5 2/5 3/5 5/5 1/5 3/5 3/5
2026-05-07 B 3/5 2/5 3/5 5/5 1/5 3/5 3/5
2026-05-06 B 3/5 2/5 3/5 5/5 1/5 3/5 3/5
2026-05-05 B 3/5 2/5 3/5 5/5 1/5 3/5 3/5
2026-05-04 B 3/5 2/5 3/5 5/5 1/5 3/5 3/5
2026-05-01 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-30 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-29 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-28 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-27 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-24 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-23 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-22 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 3/5 3/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
321.52M
OE per share TTM
0.79
Owner's Yield
58.83%
Maintenance CapEx ratio
126.08%
Maint CapEx / Avg PPE
194.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
71.31M
Shares Outstanding
410.94M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Caroline Gurney Chief Executive Officer — female
David James Bartholomew Business Unit Director of Hasting Funds Management Limited — male
Geoffrey James Wilson Founder & Director — male
John Coombe Investment Committee — male
Mark Andrew Licciardo FCIS FGIA GAICD Joint Company Secretary — male
Raphael H. Arndt Executive Officer of Infrastructure - Hasting Funds Management Limited — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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