asx

HLO

HLO: Travel Network Giant - Discount Departure Lounge

Updated 24 Oct 2025

Trading at 48% discount to peers despite 31.1% margins and 96% franchise retention. Fair value $3.62 vs current $1.83 implies 98% upside potential.

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S32

S32: Mining Transformer - Hermosa's Heavy Lift

Updated 22 Oct 2025

South32 trades at 18% premium to $2.62 fair value with challenging risk-reward dynamics. ROIC 8.7% trails WACC 10.95%. High terminal dependency creates valuation uncertainty.

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RZI

RZI: Micro-Investing Pioneer - Spare Change, Major Gains

Updated 22 Oct 2025

BUY rating with $1.51 fair value vs $0.745 current price. Strong 8.1/10 quality score, 35-40% market share, 96% upside potential.

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PPS

PPS: Wealth Platform Pioneer - Premium Positioning Pays Dividends

Updated 22 Oct 2025

Premium wealth platform leader trading at 35% discount to $0.91 fair value, with 15.2% ROIC and 95% recurring revenue model targeting HNW growth.

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JDO

JDO: SME Banking Specialist - Relationship Revolution or Overvalued Evolution?

Updated 22 Oct 2025

Specialist SME bank with 16% loan growth and NPS +53, trading at $1.73 vs $1.01 fair value. Strong execution but overvalued at current levels.

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HUB

HUB24: Wealth Platform Powerhouse - Ecosystem's Eating Everyone's Lunch

Updated 22 Oct 2025

HUB24 rated ATTRACTIVE at $110.72 fair value vs $108.83 current price. 15% revenue CAGR, 28% ROIC, 9.0% market share with wide moat.

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CXL

CXL: Industrial Decarbonisation Pioneer - Platform's Scaling, Policy's Paying

Updated 22 Oct 2025

BUY rating with $0.98 fair value vs $0.485 current price (85% upside). Platform technology across $50bn+ TAM, 16% revenue CAGR, 80% grant success rate.

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CWY

CWY: Waste Management Leader - Blueprint for Defensive Growth

Updated 22 Oct 2025

Cleanaway trades at $2.87 vs $2.70 fair value, offering defensive infrastructure exposure with 25% market share, 24% EBITDA margins, and 8-10% expected returns.

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AMI

AMI: Base Metals Miner - Federation's Firing, Cobar's Calling

Updated 22 Oct 2025

Undervalued base metals producer with 232% upside potential. Fair value $0.63 vs current $0.19. Strong EBITDA margins 35.5%, net cash position, targeting 40kt copper equivalent by FY28.

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brn

BRN: Neuromorphic AI Pioneer - First to Market, Last to Profit?

Updated 20 Oct 2025

Fair value $0.121 vs current $0.225 (47% overvalued). 95% revenue CAGR forecast, 79% customer concentration, 68% failure probability. Speculative growth only.

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al3

AL3: Defence AM Pioneer - Certified Success, Overpriced Reality

Updated 20 Oct 2025

Fair value $0.051 vs current $0.24 implies 79% downside. Strong defence positioning overwhelmed by extreme valuation and persistent cash burn through 2030.

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ppt

PPT: Financial Services Transformer - Simplification's the Salvation

Updated 20 Oct 2025

Fair value $20.62 vs current $20.90. Corporate Trust moat with 45%+ margins. J O Hambro turnaround critical. Expected 3-year returns 2.5% annually.

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