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Future Generation Investment Fund Limited is a closed ended fund of fund launched and managed by Wilson Asset Management (International) Pty Limited. The fund is co-managed by Bennelong Long Short Equity Management Pty Limited, Cooper Investors Pty Limited,Bennelong Australian Equity Partners Pty Ltd,Discovery Asset Management Pty Ltd,Eley Griffiths Group Pty Limited, Eley Griffiths Group Pty Limited, Kingston Funds Management Pty Limited, Lanyon Asset Management Pty Limited, LHC Capital Pty Ltd, Optimal Fund Management Australia Pty Ltd. Paradice Investment Management Pty Ltd, Regal Funds Management Pty Limited, Sandon Capital Pty Ltd, and Smallco Investment Manager Limited. It primarily invests in public equity markets of Australia. The fund invests in funds managed by selected Australian Fund Managers with a focus on long-only, long /short and alternative investment strategies. Future Generation Investment Fund Limited is domiciled in Australia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Publicly available information on Future Generation Australia Ltd (ASX: FGX) is limited, and the company does not have clear, widely published disclosures of its core operations or strategy. Given limited public disclosure, major long-term growth drivers and investor attractions cannot be determined; prospective investors should consult the company's ASX filings for details.
Key risks are limited disclosure, low liquidity and small-cap profile, execution and financing risk from a short operating history, and regulatory or market changes that could materially affect value.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 71.31M | 62.76M | 59.27M | -68.46M | 109.67M |
| Net income | 52.90M | 47.93M | 45.83M | -43.89M | 79.88M |
| Selling general administrative | - | 0.46M | 0.42M | 0.07M | 0.05M |
| Selling and marketing expenses | - | - | -0.01M | - | - |
| Gross profit | 78.22M | 63.09M | 53.72M | -62.33M | 115.98M |
| Ebit | - | 131.31M | 64.52M | -63.00M | 115.63M |
| Ebitda | 71.31M | 62.76M | -0.05M | -68.46M | 109.67M |
| Depreciation and amortization | - | -68.55M | -64.57M | - | - |
| Operating income | 77.20M | 62.62M | 59.02M | -68.46M | 109.67M |
| Other operating expenses | 1.02M | 0.46M | 0.42M | 6.13M | 6.31M |
| Interest expense | - | - | - | - | 0.00M |
| Tax provision | - | 14.83M | 13.43M | -24.57M | 29.80M |
| Interest income | - | 0.56M | 0.60M | 0.18M | 0.10M |
| Net interest income | - | 0.56M | 0.60M | 0.18M | 0.10M |
| Income tax expense | 18.41M | 14.83M | 13.43M | -24.57M | 29.80M |
| Total revenue | 78.22M | 63.09M | 59.42M | -62.33M | 115.98M |
| Total operating expenses | 1.02M | 0.46M | 0.41M | -6.13M | -6.31M |
| Cost of revenue | - | 0.07M | 5.70M | 0.09M | 0.13M |
| Total other income expense net | -5.90M | 0.14M | 0.25M | - | - |
| Net income from continuing ops | - | 47.93M | 45.83M | -43.89M | 79.88M |
| Net income applicable to common shares | - | 47.93M | 45.83M | -43.89M | 79.88M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 611.87M | 577.32M | 547.15M | 516.91M | 616.95M |
| Other current assets | - | 0.91M | - | 0.05M | 0.05M |
| Total liab | 38.17M | 29.73M | 21.97M | 13.11M | 46.68M |
| Total stockholder equity | 573.70M | 547.59M | 525.18M | 503.80M | 570.26M |
| Other current liab | - | 12.88M | - | -0.44M | -0.28M |
| Common stock | 454.35M | 452.06M | - | 447.34M | 444.70M |
| Capital stock | - | - | 449.65M | 447.34M | 444.70M |
| Retained earnings | -61.04M | 95.53M | -47.67M | -47.67M | -3.78M |
| Other liab | - | - | - | 8.53M | 41.70M |
| Other assets | - | - | - | -499.54M | 1.15M |
| Cash | 53.33M | 7.59M | 0.18M | 12.69M | 16.48M |
| Cash and equivalents | - | - | - | - | 0.00M |
| Total current liabilities | - | 13.28M | - | 0.44M | 0.28M |
| Net debt | -53.33M | -7.59M | - | -12.69M | -16.48M |
| Short term debt | - | - | - | 0.00M | 0.00M |
| Other stockholder equity | - | 0.00M | - | - | - |
| Total current assets | 610.92M | 576.40M | - | 515.96M | 18.91M |
| Long term investments | - | - | 522.21M | 500.49M | 596.89M |
| Net tangible assets | - | - | - | 503.80M | 570.26M |
| Short term investments | 555.83M | 566.45M | 522.21M | 500.49M | - |
| Net receivables | 1.76M | 1.44M | - | 2.78M | 2.43M |
| Accounts payable | - | 0.41M | 0.40M | 0.44M | 0.28M |
| Accumulated other comprehensive income | 180.39M | 0.00M | - | 104.13M | 129.34M |
| Non currrent assets other | 0.02M | 0.92M | - | -500.49M | -596.89M |
| Non current assets total | 0.95M | 0.92M | - | 500.49M | 596.89M |
| Long term debt total | - | - | - | 0.00M | 0.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | 0.00M | - | - | - |
| Change to liabilities | - | - | - | -33.27M | 20.48M |
| Total cash from financing activities | -26.79M | -25.52M | -24.45M | -22.58M | -19.24M |
| Change to operating activities | - | - | - | - | 0.51M |
| Net income | 52.90M | 47.93M | 45.83M | -43.89M | 79.88M |
| Change in cash | 45.74M | 7.41M | -12.51M | -3.79M | -24.17M |
| Begin period cash flow | 7.59M | 0.18M | 12.69M | 16.48M | 40.65M |
| End period cash flow | 53.33M | 7.59M | 0.18M | 12.69M | 16.48M |
| Total cash from operating activities | - | 32.93M | 11.94M | -43.89M | -4.92M |
| Issuance of capital stock | - | - | 0.01M | 0.06M | 1.11M |
| Dividends paid | -26.79M | -27.93M | -24.46M | 22.64M | 20.03M |
| Change to account receivables | - | - | 0.03M | 0.04M | -0.01M |
| Sale purchase of stock | - | 0.00M | 0.01M | 0.06M | -0.33M |
| Other cashflows from financing activities | - | 2.40M | 2.32M | 0.00M | -0.33M |
| Change to netincome | - | - | - | 96.00M | -107.41M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in working capital | - | 40.41M | 8.94M | 27.29M | 3.00M |
| Other non cash items | - | -14.99M | -42.84M | 43.89M | -79.88M |
| Free cash flow | 72.53M | 32.93M | 11.94M | -43.89M | -4.92M |
Sector: Financial Services Industry: Asset Management
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| FGX Future Generation Australia Ltd |
-0.01 1.14% |
1.30 | 19.64 | 0.01 | 17.30 | 1.03 | 13.99 |
| AFI Australian Foundation Investment Company Ltd |
-0.05 0.72% |
6.94 | 30.39 | - | 25.11 | 1.03 | 24.95 |
| ARG Argo Investments Ltd |
0.01 0.11% |
9.49 | 27.97 | - | 24.56 | 1.01 | 24.64 |
| L1G L1 Group Limited |
-0.01 0.81% |
1.23 | 21.25 | 19.76 | 7.36 | 3.83 | 3.13 |
| PNI Pinnacle Investment Management Group Ltd |
-0.13 0.81% |
15.83 | 21.04 | 18.83 | 36.44 | 3.21 | 45.93 |
Future Generation Investment Fund Limited is a closed ended fund of fund launched and managed by Wilson Asset Management (International) Pty Limited. The fund is co-managed by Bennelong Long Short Equity Management Pty Limited, Cooper Investors Pty Limited,Bennelong Australian Equity Partners Pty Ltd,Discovery Asset Management Pty Ltd,Eley Griffiths Group Pty Limited, Eley Griffiths Group Pty Limited, Kingston Funds Management Pty Limited, Lanyon Asset Management Pty Limited, LHC Capital Pty Ltd, Optimal Fund Management Australia Pty Ltd. Paradice Investment Management Pty Ltd, Regal Funds Management Pty Limited, Sandon Capital Pty Ltd, and Smallco Investment Manager Limited. It primarily invests in public equity markets of Australia. The fund invests in funds managed by selected Australian Fund Managers with a focus on long-only, long /short and alternative investment strategies. Future Generation Investment Fund Limited is domiciled in Australia.
| Name | Title | Year Born |
|---|---|---|
| Ms. Caroline Gurney | Chief Exec. Officer | NA |
| Mr. Geoffrey James Wilson A.O., B.Sc., F.A.C.I.D. | Founder & Director | 1958 |
| Mr. Mark Andrew Licciardo B Bus (Acc), FCIS, FGIA, GAICD, GradDip CSP | Joint Company Sec. | 1964 |
| Mr. David James Bartholomew B.E., M.B.A. | Bus. Unit Director of Hasting Funds Management Limited | 1961 |
| Dr. Raphael H. Arndt Ph.D. | Exec. Officer of Infrastructure - Hasting Funds Management Limited | NA |
| Mr. John Coombe | Investment Committee | NA |
| Ms. Caroline Gurney | Chief Executive Officer | NA |
| Mr. Mark Andrew Licciardo B Bus (Acc), FCIS, FGIA, GAICD, GradDip CSP | Joint Company Secretary | 1964 |
| Mr. David James Bartholomew B.E., M.B.A. | Business Unit Director of Hasting Funds Management Limited | 1962 |
| Dr. Raphael H. Arndt Ph.D. | Executive Officer of Infrastructure - Hasting Funds Management Limited | NA |
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