profit from every A$100 of sales.
A$0A$100
L1 Long Short Fund
A$4.50+2.51% today
+26.1% in 1 year
1-year low A$3.571-year high A$5.00
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2024.
0%20% a year
You pay A$16.79 for every A$1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What L1 Long Short Fund sold, what it kept, and what it did with the cash.
Sales went from A$761 million in 2021 to A$286 million in 2024, with A$170 million of profit last year.
SalesProfit
L1 Long Short Fund vs. similar companies
L1 Long Short Fund grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| L1 Long Short Fund | 16.8× · Fair price | ||
 BlackRock | 33.8× · Expensive | ||
 Blackstone | 50.7× · Expensive | ||
 Investor | 8.4× · Cheap | ||
 Brookfield | 73.4× · Very expensive |
AI analysis
An AI analyst reads L1 Long Short Fund's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of AUD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| 761 | 239 | 281 | 286 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 514 | 141 | 163 | 170 | |
| – | 0.23 | 0.27 | 0.27 | |
| – | – | – | – | |
| – | – | – | – | |
| 67.5% | 59.1% | 58.2% | 59.6% |
Balance sheet
| In millions of AUD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total assets | 3,561 | 4,374 | 3,899 | 4,478 |
| Cash | 484 | 1,311 | 970 | 1,009 |
| Total debt | – | – | – | – |
| Total liabilities | 1,987 | 2,689 | 2,095 | 2,556 |
| 1,574 | 1,685 | 1,805 | 1,922 | |
| – | 609 | 614 | 619 | |
| – | – | – | – | |
| 32.7% | 8.4% | 9.0% | 8.9% |
Cash flow
| In millions of AUD | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| – | – | – | – | |
| – | – | – | – | |
| -503 | 386 | 511 | -245 | |
| Dividends paid | 8 | 35 | 44 | 53 |
| 73 | – | – | – | |
| – | – | – | – |
Valuation
- 16.8×
- –
- –
- 1.5×
- 10.0×
- –
- –
- -8.6%
- 6.0%
- 1.9%
Profitability
- –
- –
- 59.6%
- –
- –
- –
- –
- –
- –
- –
Growth
- −27.9%
- –
- –
- –
- +0.9%
Financial health
- –
- –
- –
- –
- –
- –
- –
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 37%of 866
Bottom 5%of 862
Bottom 10%of 921
1.9%of the share price, paid each year
On $1,000 invested$19a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
31.1% of its profit
Room to growStretchedMore than it earnsNews
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about L1 Long Short Fund
Is L1 Long Short Fund a good stock to buy?
A strong, very profitable business at a fair price. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the L1 Long Short Fund AI analysis
What does L1 Long Short Fund do?
L1 Long Short Fund Limited is a equity fund launched and managed by L1 Capital Pty Ltd. The fund investments predominantly in Australian and New Zealand securities. It employs long and short strategy to make its investments. It is in Asset Management, based in Melbourne, VIC, Australia.
Does L1 Long Short Fund pay a dividend?
Yes. At today's price the dividend is 1.9% a year, about 31% of its yearly profit. In 2024 it paid out A$53.0 million in dividends.
How has L1 Long Short Fund stock done over the past year?
Up 26.1% over the past twelve months, to A$4.50. It traded between A$3.57 and A$5.00 and is 10.0% below its high.
Who are L1 Long Short Fund's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with L1 Long Short Fund's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.