AEF 2.37% $4.32 australian ethical investment limited

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  1. 1,246 Posts.
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    I’ve been invested with Aef before GFC and seen the P/E ratio as low as 10 and up to 150. In recent years I think the company deserves a solid price multiple because huge FUM is powering strong revenue growth. However the growth in expenses should be moderated to push the actual eps upwards. By all means invest for some growth and expansionary plans but not this much! So with that in mind a price between $8-10 is my fair zone.
 
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