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Australia

ASX Fundamental Stocks

16 Oct 2020
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
ALUAltium Limited develops electronic design automation (EDA) software for the Microsoft Windows operating system.
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Altium Ltd
$39.78
Information Technology
2
APEAP Eagers Limited sells new and used motor vehicles and distributes related parts and accessories.
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Eagers Automotive Ltd
$12.01
Consumer Discretionary
9
APXAppen Ltd. is a language, search, and social technology company The Company provides solutions to improve internalization of products, management of data, and project management for companies.
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Appen Ltd
$35.55
Information Technology
8
ASBAustal Limited operates as an emerging defense prime contractor.
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Austal Ltd
$3.19
Industrials
4
ASXASX Ltd. is a demutualized company which operates Australia's primary national stock exchange and equity derivatives market The ASX operates markets for equities, derivatives, fixed-interest securities and capital-raising for unlisted companies using advanced computer systems for both trading and settlement.
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ASX Ltd
$82.11
Financials
14
BRGBreville Group Ltd. designs and markets electrical consumer appliances.
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Breville Group Ltd
$27.09
Consumer Discretionary
3
CHCCharter Hall Group invests in and develops real estate.
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Charter Hall Group
$12.97
Real Estate
11
HVNHarvey Norman Holdings Limited is a holding company for companies and trusts in a third party franchise agreement.
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Harvey Norman Holdings Ltd
$4.72
Consumer Discretionary
5
JBHJB Hi-Fi Limited is a music and electronic goods retailer in Australia.
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JB Hi-Fi Ltd
$51.28
Consumer Discretionary
1
MNDMonadelphous Group Limited provides engineering and construction services to the resources and petrochemical industries.
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Monadelphous Group Ltd
$10.02
Industrials
14
NANNanosonics Limited is a life science company.
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Nanosonics Ltd
$5.57
Health Care
7
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
$34.12
Health Care
5
PMVPremier Investments Ltd., through subsidiaries, retails clothing.
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Premier Investments Ltd
$23.03
Consumer Discretionary
12
SSMService Stream Limited is a specialized fixed, wireless and broadband telecommunications service provider.
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Service Stream Ltd
$2.18
Industrials
9
WESWesfarmers Ltd. owns retail chains, operates mines, writes insurance, manufactures and distributes industrial products, manufactures fertilizers and chemicals, and distributes liquefied petroleum gas and medical and industrial gases.
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Wesfarmers Ltd
$47.11
Consumer Discretionary
13

 

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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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