Quality: Good

amp

AMP: Retirement Specialist - Transformation Complete, Value Creation Commences

Updated 8 Oct 2025

AMP trades at $1.63 vs $1.93 fair value following successful transformation to retirement specialist. 18% upside with 4.9% yield and wide moat characteristics.

View note

alx

ALX: Toll Road Infrastructure - Regulatory Storm Creates Value Highway

Updated 8 Oct 2025

Atlas Arteria trades at A$49.20 versus A$87.49 fair value, offering 75% upside through regulatory normalisation catalysts with 4.9% yield and 98% FCF conversion.

View note

alq

ALQ: Testing Services Giant - Hub Expansion Gamble at Premium Prices

Updated 8 Oct 2025

ALS Limited trades at 16.0x EV/EBITDA (25% peer premium) despite 7.35/10 quality score. Fair value $16.77 vs current $19.78 implies 15.2% downside with mining cycle risks.

View note

all

ALL: Gaming Content Leader - Digital Transformation Deals the Cards

Updated 8 Oct 2025

Trading at $68.84 vs fair value $79.44 (15.4% upside). Gaming Operations market leader (42% share) with Interactive division scaling toward $1bn revenue by FY29. ROIC 19.2% vs WACC 10.3%.

View note

aia

AIA: Gateway Monopoly - Terminal Trouble Ahead

Updated 8 Oct 2025

Auckland Airport trades at $7.03 vs $2.71 fair value (64% overvalued). Monopolistic 75% market share offset by negative NZ$500m annual FCF through 2028, 98.3% terminal value dependency, and inevitable margin compression from 69.8% peaks.

View note

agl

AGL: Energy Giant - Powering Through the Great Transition

Updated 8 Oct 2025

Fair value $14.96 vs current $9.76. Market leader executing renewable transformation with 9.6GW pipeline. EBITDA margins expanding 13.2% to 17.7%.

View note

ael

AEL: Gas Infrastructure Play - Extreme Discount, Extraordinary Upside

Updated 8 Oct 2025

Trading at $0.26 vs $8.71 fair value (3,250% upside). OGPP reliability transformation to 99.4% unlocks operational leverage with 65% EBITDA margins. ECSP drilling Q2 FY26 targets 90 TJ/d new supply with 70% success probability in structurally tight market.

View note

adh

ADH: Home Furnishings Retailer - Linen Lover's Transformation Gambit

Updated 8 Oct 2025

Adairs trades at $2.59 vs $3.34 fair value (29% upside), with transformation under new CEO showing early momentum (22.6% Q1 sales growth) though Focus challenges and technology execution create 53% combined failure probability requiring disciplined risk management.

View note

ad8

AD8: Platform Powerhouse - Dante's Inferno or Digital Dominance?

Updated 8 Oct 2025

HOLD rating with A$3.57 fair value vs A$6.07 current price. Dominant AV networking platform faces execution complexity and valuation premium challenges.

View note

abb

ABB: Telco Transformer - From NBN Challenger to Platform Player

Updated 8 Oct 2025

Trading at $4.48 vs fair value $6.48, ABB shows 44.6% upside with 8.4% NBN market share, 11.6% EBITDA margins, and diversified revenue streams.

View note

a2m

A2M: Premium Dairy Specialist - First-Mover Advantage Fading Fast

Updated 8 Oct 2025

Trading at NZ$8.78 vs fair value NZ$5.06 (42% overvalued). China concentration (68% revenue) and imminent competitive entry (60% probability within 24 months) threaten premium positioning. EBITDA margins compressing from 15.1% peak to 14.0% as moat narrows.

View note

wpr

WPR: Fuel Retail Property REIT - Defensive Yield Play Facing Electric Evolution

Updated 8 Oct 2025

HOLD rating with $2.85 fair value vs $2.655 current price. 6.2% yield, 99.9% occupancy, but EV transition risks limit growth.

View note