asx

bga

BGA: Dairy Giant - Spread Too Thin, Margins Melting

Updated 8 Oct 2025

Trading at $5.25 vs $4.65 fair value. EBITDA margins compressing 5.7% to 4.2%. Manufacturing consolidation targeting $30m savings amid private label pressure.

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ben

BEN: Regional Banking Transformation - Digital Dreams Meet Margin Reality

Updated 8 Oct 2025

Trading at $12.84 vs fair value $11.23, BEN faces margin compression and transformation execution risks despite Up platform momentum and community banking moat.

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bbn

BBN: Baby Retail Leader - Store of the Future or Store of the Past?

Updated 8 Oct 2025

Baby Bunting trades at $2.60 vs fair value $1.56, with 12.1% revenue growth forecast but 5.2/10 business quality score below peers.

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aub

AUB: Insurance Intermediary - Lloyd's Access Unlocks Global Growth

Updated 8 Oct 2025

Fair value $41.52 vs current $33.29 (24.7% upside). Strong Lloyd's market access, digital platform leadership, 78% recurring revenue, defensive characteristics.

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atg

ATG: Print-on-Demand Pioneer - Traffic's Tanking, Time's Ticking

Updated 8 Oct 2025

Articore Group analysis: Fair value A$0.19 vs current A$0.285 with negative ROIC, declining traffic, and structural marketplace challenges creating significant downside risk.

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ata

ATA: Sovereign IT Champion - Integration Complexity Creates Compelling Entry Point

Updated 8 Oct 2025

Atturra trades at $0.80 vs $1.40 fair value (75% upside) with 300+ security clearances creating sovereign IT moat despite integration execution risks

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asg

ASG: Luxury Auto Retailer - Cyclical Trough Creates 199% Recovery Opportunity

Updated 8 Oct 2025

Autosports Group trades at $2.69 versus $8.04 fair value (199% upside). Cyclical recovery from 5.8% to 6.9% EBITDA margins with 4.86x leverage and 18-36 month tactical horizon.

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asb

ASB: Naval Shipbuilder - Steel Yourself for Transformation

Updated 8 Oct 2025

HOLD rating with $4.37 fair value vs $4.50 current price. Strong $14.2bn order book but execution risks during steel programme transition. 11.8% revenue CAGR forecast.

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art

ART: Digital Marketplace Pioneer - Media Partnerships Can't Paper Over Platform Problems

Updated 8 Oct 2025

Airtasker trades at $0.42 vs fair value $0.171, with 61% Australian market share but struggling international expansion creating 55% failure probability.

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apz

AIA: Aviation Gateway - Terminal Integration's Make-or-Break Moment

Updated 8 Oct 2025

Auckland Airport trades at NZ$4.36 versus fair value NZ$5.10, with 18% ROIC and 69.8% EBITDA margins offset by NZ$3.5bn Terminal Integration execution risk through FY29.

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apa

APA: Gas Transmission Giant - Transition Fuel or Stranded Asset?

Updated 8 Oct 2025

Infrastructure utility trading at $8.57 vs $11.09 fair value (29.4% upside). 48% market share, 74.2% EBITDA margins, 86% contracted revenues through 2051. Energy transition risks vs defensive moat characteristics.

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aov

AOV: Aftermarket Ace - Unified and Ready to Accelerate

Updated 8 Oct 2025

Amotiv trades at $8.74 vs $10.21 fair value, offering 16.8% upside through defensive aftermarket positioning and $10m transformation catalyst with 22.7% EBITDA margins.

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