Over 2 years, Revenue down by 8.3%. Over 2 years, Net profit down by 8.2%
EPS has declined from 23.75c in 2024 to 22.71c in 2025.
"While the trimming of the Commonwealth Bank of Australia has weighed on returns given its ongoing strength in the market, we still consider our average sale price reflects a position where the shares were sold at a time when they were trading at extreme valuations."
CBA currently trading at a price to earnings at about 28x. AFIC trading at almost 33x. VAS trading at 21x and less than half the cost of AFIC
Is AFIC really trading at a discount? It should also be noted that in line with AFIC's reporting of their 1 year performance in NTA per share, their share price has appreciated by 2.75% over a one year period. The chart below is the reason why a LIC's like AFIC are struggling to attract a new cohort of investors.
AFI Price at posting:
$7.52 Sentiment: None Disclosure: Held
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