Monday, 16 January 2012

ASX Value List Jan 2012


Composition:
  • Company size > $100m
  • Currently earnings positive
  • Does not have problems with data metrics or forecasts (about 5 stocks removed)

The rating is based on a combination of value and quality. Quality is determined quantitatively based on factors such as:
  • Profitability
  • Outlook
  • Growth of company value
  • Liquidity
  • Debt levels
  • Share holder dilution
  • Free cash flow
This list does not take in to account individual company risks, qualitative factors, macro or company specific trends.

Right now, there are many companies which have a good combination of value and quality, whilst also paying a solid dividend yield. It is surprising how few are substantially over-priced. This fits within my theme that the markets should enjoy solid returns in 2012 - at least in the first half.

I may track 6 and 12 month performance figures to compare with this data series.

Stand-out companies:

  • Mt Gibson Iron
  • Silver Lake Resources
  • Troy Resources
  • Medusa Mining
  • Maca
  • Mastermyne Group
  • Decmil Group
  • Seek
  • Cash Converters
  • Computershare
  • K2 Asset Management
  • Seymour Whyte
  • Cabcharge Australia
  • Industrea
  • Sirtex Medical
  • Global Construction Services
  • McPherson's
  • Corporate Travel Management
  • Flight Centre
  • Reject Shop
  • Kathmandu Holdings
  • NRW Holdings
  • M2 Telecommunications Group
  • Automotive Holdings Group
  • Oakton
  • Mineral Resources
  • Rio Tinto
  • ASG Group
  • QBE Insurance Group
  • Slater & Gordon
  • Fantastic Holdings
  • TPG Telecom
  • Imdex
  • iiNET
  • BHP Billiton
  • Reece Australia
  • Woolworths
  • Breville Group
  • Iress Market Technology
  • DWS
  • Credit Corp Group
  • STW Communications Group
  • Gerard Lighting Group
  • GR Engineering Services
  • Sedgman
  • David Jones
  • Myer Holdings
  • Orica
  • Austin Engineering
  • Retail Food Group
  • Codan
  • GUD Holdings
  • SMS Management and Technology

1 comment: