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ASX Fundamental Stocks

15 Nov 2019
By Rivkin Securities
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 nameEntry priceEntered table onCurrent price
ALU
Altium Ltd
$32.464 Oct 19$34.72
BAL
Bellamy's Australia Ltd
$12.944 Oct 19$13.18
BRG
Breville Group Ltd
$15.984 Oct 19$17.07
BVS
Bravura Solutions Ltd
$3.814 Oct 19$4.01
CTD
Corporate Travel Management Lt
$18.444 Oct 19$20.21
FLT
Flight Centre Travel Group Ltd
$46.754 Oct 19$43.06
FMG
Fortescue Metals Group Ltd
$8.784 Oct 19$9.27
HUB
HUB24 Ltd
$11.604 Oct 19$12.22
IEL
IDP Education Ltd
$15.794 Oct 19$17.97
MMS
McMillan Shakespeare Ltd
$16.204 Oct 19$16.15
NWL
Netwealth Group Ltd
$8.924 Oct 19$8.83
PME
Pro Medicus Ltd
$29.744 Oct 19$25.67
PPT
Perpetual Ltd
$36.444 Oct 19$39.30
REA
REA Group Ltd
$108.614 Oct 19$104.42
SIQ
SmartGroup Corp Ltd
$12.034 Oct 19$9.38

 

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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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