NYSE American · Asset Management · USD

Abrdn Australia Equity Fund Inc (IAF) Stock Analysis

Abrdn Australia Equity Fund Inc (IAF) is a Asset Management stock listed on NYSE American and quoted in US Dollar.

Last Updated: October 21, 2026

IAF

$12.57

+$0.06 (+0.48%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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IAF Key Statistics

As of Oct 21, 2026

Trading

Open: $12.59
Previous Close: $12.51
Day's Range: 12.45–12.76
52-Week Range: 11.76–14.54
Volume: 145.77K
Beta: 1.11

Valuation

Market Cap: $120.45M
P/E Ratio: 7.22
P/S ratio: 26.98
EPS (ttm): 1.74

Financials (FY)

Revenue (FY): $14.24M−58.97%
Net Income (FY): $13.34M−60.77%
Profit margin: 378.94%
Shares Outstanding: 9.58M
1-Year Return: −0.02%

Dividend and dates

Dividend: $1.45+11.59%
Ex-Dividend Date: August 24, 2026
Avg Volume: 22.93K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, IAF closed at $12.57, −0.02% over 1 year.

Abrdn Australia Equity Fund Inc (IAF) has a market capitalization of $120.45M.

In fiscal 2025, IAF reported revenue of $14.24M.

IAF Stock Return by Calendar Year

Abrdn Australia Equity Fund Inc (IAF) 10-year return: what $10,000 became

1 year: $10,000 $9,998; −0.02%
5 years: $10,000 $11,752; +17.52%
10 years: $10,000 $21,865; +118.65%

If you had invested $10,000 in Abrdn Australia Equity Fund Inc (IAF) 10 years ago, at the close on October 21, 2016, it would have been worth $21,865 at the close on October 21, 2026: +118.65% in total, +8.14% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+30.25%−19.44%+2.68%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+2.68%
2025	+14.94%
2024	+8.19%
2023	+10.40%
2022	−19.44%
2021	+27.08%
2020	+10.07%
2019	+26.57%
2018	−16.80%
2017	+30.25%
2016 (partial year)	−3.96%

As of October 21, 2026.

IAF Revenue and Earnings by Fiscal Year

FY ends October

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$14.24M	$13.34M	93.7%
2024	$34.71M	$34.01M	98.0%
2023	$2.37M	$1.57M	66.2%
2022	−$27.70M	−$28.47M	102.8%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$14.24M	—	—	$13.34M	93.7%
2024	$34.71M	—	—	$34.01M	98.0%
2023	$2.37M	—	—	$1.57M	66.2%
2022	−$27.70M	—	—	−$28.47M	102.8%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

IAF Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$1.46−0.7% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	$1.07	3	—
2025	$1.46	4	−0.7%
2024	$1.47	4	+0.0%
2023	$1.47	4	−10.9%

Year	Dividends per share	Payments	Change
2026 (partial year)	$1.07	3	—
2025	$1.46	4	−0.7%
2024	$1.47	4	+0.0%
2023	$1.47	4	−10.9%
2022	$1.65	4	−11.3%
2021	$1.86	4	+21.6%
2020	$1.53	4	−10.5%
2019	$1.71	4	−9.5%
2018	$1.89	4	−1.6%
2017	$1.92	4	+300.0%
2016	$0.48	1	—

Most recent payment: $0.36 per share, ex-dividend August 24, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

IAF Valuation vs Asset Management Median

Median of 512 stocks

Metric	IAF	Asset Management median	vs median
P/E	7.22	9.44	24% below
P/S ratio	26.98	8.59	3.1x the median
Profit margin	378.94%	74.97%	304.0 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Abrdn Australia Equity Fund Inc (IAF) is capitalised at $120.45M on the latest close. It is classified in the Asset Management industry, within the Financial Services sector.

The most recent close on file for IAF is $12.57, dated October 21, 2026. That is +$0.06 (+0.48%) against the previous close. Over the past 52 weeks the price has ranged from $11.76 to $14.54. The latest close sits 6.89% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $14.24M. That is −58.97% against the prior fiscal year, when revenue was $34.71M. Net income for the same year was $13.34M. That is −60.77% against the prior fiscal year. Profit margin runs at 378.94%. That is 304 percentage points above the Asset Management median of 74.97%. Trailing earnings per share are 1.74.

Across the 4 fiscal years on file, revenue moves from −$27.70M in 2022 to $14.24M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 7.22 times earnings. That is 23.52% below the Asset Management median of 9.44. Measured against sales, the shares trade at 26.98 times revenue. On price-to-sales that is 3.1 times the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

The trailing one-year total return is −0.02%. Measured over 10 years, that is +8.14% a year compounded. Beta against the wider market is reported at 1.11. Daily returns over the trailing 10 years annualize to a volatility of 22.62%.

Growth & Income

Shareholders receive a dividend, yielding 11.59% on the latest price. That is 2.7 percentage points above the Asset Management median yield of 8.91%. The indicated annual rate is $1.45 a share. The ex-dividend date on file is August 24, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $1.07 a share. The year before, 2025, totalled $1.46 a share.

Across the complete calendar years on file, 2017 returned +30.25% and 2022 returned −19.44%. Of the 9 complete calendar years on file, 7 finished higher. So far in 2026 the total return is +2.68%.

Peer Comparison

Abrdn Australia Equity Fund Inc (IAF) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Abrdn Australia Equity Fund Inc	IAF	$120.45M	7.2
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Abrdn Australia Equity Fund Inc trades at a P/E of 7.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Abrdn Australia Equity Fund Inc

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors. It employs fundamental analysis with a bottom-up and top-down stock picking approach with focus on factors like growth prospects, competitive positions in domestic and export markets, technology, research and development, productivity, labor and raw material costs, profit margins, return on investment, capital resources, quality of management, and government regulation to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P ASX 200 Accumulation Index. It also uses proprietary research to create its portfolio. The Aberdeen Australia Equity Fund Inc. was previously known as The First Australia Fund, Inc. Abrdn Australia Equity Fund Inc was formed in September 30, 1985 and is domiciled in the United States.

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