L1 Long Short Fund Limited
LSF.AXFinancial ServicesASXAsset Management · Last scanned May 28, 2026
Scan Results
Daily timeframeL1 Long Short Fund Limited is a equity fund launched and managed by L1 Capital Pty Ltd. With a market capitalization of $2.80B, it sits in mid-cap territory. The fund investments predominantly in Australian and New Zealand securities.
Market Cap
$2.80B
Beta
0.48
P/E (TTM)
27.56
P/E (Fwd)
—
EPS (TTM)
$0.16
EPS (Fwd)
—
ROE
28.4%
ROA
10.8%
Cash
$5.66B
Total Debt
$0
Free CF
$905.1M
52W Change
59.0%
Annual Financials
Cash vs Debt
L1 Long Short Fund Limited reports $5.66B in cash and $0 in total debt. Free cash flow comes in at $905.1M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 28.4%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 10.8% further supports the picture of efficient asset utilization. Revenue has been uneven over recent years, ranging from $761.4M to $285.7M.
The relatively low beta of 0.48 suggests LSF.AX is a less volatile holding compared to the broader index. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence L1 Long Short Fund Limited's trajectory.