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Growth
Australia

ASX Fundamental Stocks

26 Nov 2021
By
Rivkin's fundamental scan is based on a process for evaluating a universe of stocks based on its published financial statements. The ranking is based on two main fundamental criteria: 1. Sustainability of Earnings 2. Return on Capital Employed.

The stocks in the below table are the result of applying Rivkin’s fundamental ranking system to the S&P/ASX 200 universe of stocks. The top 15 stocks from this system are shown. This fundamental screen forms the basis for our ASX Value strategy that is offered as part of our premium subscription Strategies. We believe the stocks in the below table have specific favourable fundamental characteristics, in particular, sustainable earnings and a good return on capital employed. Sustainable earnings are an essential characteristic for a long-term investment as it makes it likely that the company will achieve a steady earnings stream rather than experiencing significant fluctuations in year-to-year results. The return on capital employed is a measure of how efficiently a company can generate a profit from the resources it has at its disposal. For an investor, a higher profit using fewer resources is a more desirable situation than a smaller profit with more resources. These two criteria are combined to produce a list of stocks that we think have favourable prospects.

Stock codeStock nameCurrent priceSectorRank
ALLAristocrat Leisure Limited manufactures and sells gaming machines in Australia and internationally.
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Aristocrat Leisure Ltd
$44.80
Consumer Discretionary
6
BRGBreville Group Ltd. designs and markets electrical consumer appliances.
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Breville Group Ltd
$28.89
Consumer Discretionary
5
CARcarsales. owns and operates a portfolio of automotive and related industry websites.
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carsales.com Ltd
$24.81
Communication Services
11
CCPCredit Corp Group Limited provides collection and credit management services in Australia.
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Credit Corp Group Ltd
$30.01
Financials
8
CDACodan Limited develops rugged and electronics solutions for international government, corporate, NGO and consumer markets.
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Codan Ltd/Australia
$9.61
Information Technology
4
COHCochlear Limited researches, develops and markets cochlear implant systems for hearing impaired individuals.
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Cochlear Ltd
$226.74
Health Care
14
IELIDP Education Limited provides student placement services to enroll into universities, schools, and colleges.
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IDP Education Ltd
$37.00
Consumer Discretionary
13
MFGMagellan Financial Group Ltd. operates as an investment management company The Company invests in global equities and listed infrastructure.
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Magellan Financial Group Ltd
$32.00
Financials
2
MNDMonadelphous Group Limited provides engineering and construction services to the resources and petrochemical industries.
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Monadelphous Group Ltd
$9.16
Industrials
14
PDLPendal Group Limited operates as an investment management company.
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Pendal Group Ltd
$6.22
Financials
8
PMEPro Medicus Limited develops and supplies proprietary software and IT solutions for large medical corporations and individual medical group practices.
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Pro Medicus Ltd
$61.24
Health Care
3
REAREA Group Ltd. operates as a digital advertising company The Company operates residential and commercial property websites.
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REA Group Ltd
$162.09
Communication Services
12
SHLSonic Healthcare Limited is a medical diagnostics company with operations in Australia, New Zealand, and Europe.
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Sonic Healthcare Ltd
$41.60
Health Care
7
TNETechnology One Limited is an Australian-based company that is engaged in the development, marketing, sales, implementation, support, and distribution of financial management and enterprise software solutions.
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Technology One Ltd
$11.56
Information Technology
1
WTCWisetech Global Limited designs and develops cloud-based logistics software solutions.
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WiseTech Global Ltd
$51.63
Information Technology
8

 

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More about this table

The ASX Fundamental stocks table is one of a series of informational tables provided for free to give subscribers useful information to inform their trading decisions.  This table is updated weekly and offers clients the most current top value stocks.  Investors and traders who are interested in stocks that have a chance of growing in the medium to long term can review the stocks in this table and select the ones they would like to hold from the list.

For a similar table with US stocks, please search for our US Fundamental stocks table and for a ranking based on technical criteria you could try our US Uptrending stocks table.

Investors who want exposure to quality companies and are interested in a trading strategy that utilises the fundamental criteria used above can subscribe to Rivkin’s ASX Value strategy. This has been backtested to produce a profitable trading system that is easy to implement with trading only required once per month. It holds 10 ASX-listed stocks that we think have strong fundamental characteristics. Investors interested in such a strategy should look to subscribe to our Strategies product that gives access to our ASX Value strategy as well as several other strategies.

 

 

 

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