Earnings: Medium

jhx

JHX: Building Materials Behemoth - AZEK's Acquisition Ambition Meets Valuation Reality

Updated 9 Oct 2025

Strong Sell rating with fair value $11.26 vs current $30.98 - 83% overvaluation despite solid fundamentals and AZEK synergies

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iri

IRI: Software Monitoring Specialist - Transformation or Termination?

Updated 8 Oct 2025

Speculative transformation play trading at 76% discount to $0.74 fair value. Strong balance sheet ($40.6m net cash) provides runway but execution risk substantial with 30% management track record.

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ipx

IPX: Titanium Revolutionary - America's Metal Independence Play

Updated 8 Oct 2025

Revolutionary HAMR technology targets 75% cost reduction in $7B titanium market. Fair value $0.95 vs current $0.35 implies 171% upside potential.

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ipg

IPG: Electrical Distributor - Sparks Flying, But Wrong Direction

Updated 8 Oct 2025

HOLD rating with $3.28 fair value vs $3.73 current price. Revenue growth moderating to 5.7% CAGR with margin compression pressures.

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ina

INA: Lifestyle Communities Developer - Demographics Can't Save Overpriced Dreams

Updated 8 Oct 2025

HOLD rating with $3.60 fair value vs $5.96 current price. Strong demographics offset by execution risks and regulatory headwinds.

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idx

IDX: Diagnostic Imaging Giant - Leveraged to the Hilt, Priced for Perfection

Updated 8 Oct 2025

Australia's #2 diagnostic imaging provider trading at 129% premium to $1.16 fair value. High leverage, workforce constraints, and technology disruption create asymmetric downside risk.

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hdn

HDN: Daily Needs REIT - Pipeline's Running Dry, Premium's Running High

Updated 8 Oct 2025

Trading at $1.00 vs fair value $0.88. Business quality 5.9/10, EBITDA margins compressing 49.9% to 44.7%. Development pipeline finite, competitive moat narrowing 4-6 years.

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gwa

GWA: Water Solutions Giant - Plumbing the Depths of Value

Updated 8 Oct 2025

HOLD rating with $2.26 fair value vs $2.65 current price. Strong 5.85% dividend yield offset by customer concentration risks and margin compression pressures.

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gpt

GPT: Diversified REIT Giant - Caught Between Specialists and Structural Decline

Updated 8 Oct 2025

HOLD rating with $4.75 fair value vs $5.27 current price. 98.5% occupancy but office headwinds and 7.2x leverage create challenging outlook.

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gng

GNG: Engineering Services Specialist - Peak Performance, Peak Problems

Updated 8 Oct 2025

HOLD rating with $3.61 fair value vs $4.27 current price. Exceptional ROIC 71.6% offset by cyclical peak timing concerns and inevitable margin compression.

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gmg

GMG: Property Platform Powerhouse - Data Centre Dreams, Margin Reality

Updated 8 Oct 2025

Trading at $35.89 vs fair value $18.38 (95% premium). Development margins at 47.8% face compression to 42%. ROIC 8.2% trails WACC 9.6%. Quality business, extreme valuation.

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gmd

GMD: Gold Miner - Peak Performance Meets Mean Reversion Reality

Updated 8 Oct 2025

Genesis Minerals trades at A$4.53 versus fair value A$1.75 (-61%), with 49.4% EBITDA margins facing compression to 39% as grade depletes from 2.7g/t to 2.0g/t. ROIC 21.8%, narrow moat (6-8 years), high execution risk on A$1.5bn expansion.

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