Invesco CurrencyShares Australian Dollar Trust (FXA) stock analysis
Close on Nov 11, 2026Market cap $98.32MP/E 77.9Yield 1.12%
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed11 of 30 checks passed
Invesco CurrencyShares Australian Dollar Trust passes 11 of the 30 checks behind our score; 11 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 1/6
- Growth
- 2/6
- Past performance
- 2/6
- Financial health
- 5/6
- Dividend
- 1/6
What stands out
No debt
Invesco CurrencyShares Australian Dollar Trust has no borrowings on its latest balance sheet.
Revenue growing 10%+ a year
Revenue grew 84.9% a year over the last three fiscal years.
Interest well covered
No meaningful interest expense to cover.
Debt covered by cash flow
There is no debt to cover.
What to watch
Margin of safety under 20%
The price is 187% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $67.81 is above our fair value estimate of $23.65.
P/E above the industry
Invesco CurrencyShares Australian Dollar Trust's P/E of 77.9 is above the Commodity Contracts Brokers and Dealers median of 11.8.
Not covered by earnings
Dividends take 95.4% of net income, leaving little room.
Valuation1/6
P/E below its 5-year median
Invesco CurrencyShares Australian Dollar Trust's P/E of 77.9 is below its own 5-year median of 78.9.
P/E above the industry
Invesco CurrencyShares Australian Dollar Trust's P/E of 77.9 is above the Commodity Contracts Brokers and Dealers median of 11.8.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/S above the industry
Invesco CurrencyShares Australian Dollar Trust's price-to-sales of 61.97 is above the Commodity Contracts Brokers and Dealers median of 3.18 (book value is negative, so we use sales).
Trading above fair value
The share price of $67.81 is above our fair value estimate of $23.65.
Margin of safety under 20%
The price is 187% above fair value, so there is no margin of safety.
Growth2/6
Revenue growing 10%+ a year
Revenue grew 84.9% a year over the last three fiscal years.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 28.5% over the last twelve months; the Commodity Contracts Brokers and Dealers median is 3.8%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance2/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin above its 5-year average
Net margin was 76.3% over the last twelve months, against a 5-year average of 32.7%.
Net margin above the industry
Invesco CurrencyShares Australian Dollar Trust's net margin of 76.3% is above the Commodity Contracts Brokers and Dealers median of 71.2%.
Financial health5/6
No debt
Invesco CurrencyShares Australian Dollar Trust has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Low bankruptcy risk
The Altman Z-score is 1929.01; above 3 is the safe zone and below 1.8 the distress zone.
Dividend1/6
Pays a dividend
Invesco CurrencyShares Australian Dollar Trust paid dividends worth 1.1% of the share price over the last twelve months.
Yield below Treasuries
The 1.1% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Invesco CurrencyShares Australian Dollar Trust yields 1.1%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 9 fiscal years.
Not covered by earnings
Dividends take 95.4% of net income, leaving little room.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$23.65
The share price is 187% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 33.7× | 78.9× | 11.8× | $29.33 | 73% |
| Earnings power | 7.4% cost of equity | – | – | $8.48 | 27% |
| Fair value | $23.65 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 78.9
- Commodity Contracts Brokers and Dealers median 11.8
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
High risk
- Average value traded per day
- $429.62K
- Value traded per 1% price move
- $912.34K
Downside
Low risk
- Typical loss in a bad month
- 3.6%
- Volatility (annualized)
- 8%
- Sharpe ratio, 1 year
- 0.05
- Beta to the S&P 500 (5Y)
- 0.34
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2010 to 2025
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -12.7% | +84.9% | +69.6% | -11.6% | |
| Net income | -18.5% | – | – | -12.2% | |
| EPS, diluted | -27.5% | – | – | -4.7% | |
| Dividend per share | -26.2% | +193.7% | +107.0% | -4.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | – | – | 1.1% | |
| Current ratio | 2972.33 | – | – | |
| Diluted shares | 3M | 2M | 1M |
Cash use needs five years of cash flow figures
Invesco CurrencyShares Australian Dollar Trust does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$878.88K
- Cash generatingOperating cash flow above zero$892.72K
- Return on assets improvedROA up on the prior year1.4% → 1.4%
- Earnings backed by cashOperating cash flow above net income$892.72K vs $878.88K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise1M → 1M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.02 → 0.02
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