Quality: Good

spk

SPK: Telecommunications Titan - Transformation's Paying Dividends

Updated 8 Oct 2025

Spark New Zealand trading at NZ$2.29 vs fair value NZ$3.07, offering 34% upside through transformation execution and defensive infrastructure advantages in dominant market position.

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slx

SLX: Nuclear Fuel Pioneer - Laser Focus on Uranium's Future

Updated 8 Oct 2025

Speculative buy with 124% upside to $9.06 fair value. Binary TRL-6 catalyst Q4 2025. Revolutionary laser enrichment technology targeting 8% Western market share.

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skt

SKT: Pay-TV Powerhouse - Sports Rights Showdown Looms

Updated 8 Oct 2025

HOLD rating on Sky Network Television. Fair value NZ$5.68 vs current NZ$2.58 (120% upside). Dominant 80% NZ pay-TV share, 8.5% yield, but 2030 sports rights renewal risk.

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sks

SKS: Data Centre Darling - Boom Turns to Bust as Competition Awakens

Updated 8 Oct 2025

Electrical contractor riding data centre wave faces inevitable margin compression. Fair value $1.55 vs current $2.97. EBITDA margins 9.0%, ROIC 84%, but competition emerging.

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shl

SHL: Diagnostic Giant - Integration Prescription for European Growth

Updated 8 Oct 2025

Sonic Healthcare trades at A$28.30 versus A$32.41 fair value, offering 14.5% upside through LADR integration targeting A$130m synergies with 65% achieved.

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sha

SHA: Construction Services Transformer - Three Pillars, Wrong Timing

Updated 8 Oct 2025

SHAPE trades at $4.28 vs fair value $3.30. Strong operations (86% Perfect Delivery, 78.6% ROIC) but execution complexity and cycle timing create unfavourable risk-reward.

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sgi

SGI: Distribution Consolidator - Acquiring Success, One Deal at a Time

Updated 8 Oct 2025

Industrial distributor trading 17% below $0.88 fair value with 16.7% ROIC and proven M&A execution across fragmented Australian market.

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sgh

SGH: Industrial Services Powerhouse - Infrastructure Boom Meets Reality Check

Updated 8 Oct 2025

Fair value $23.50 vs current $20.00. EBITDA margins 19.1% compressing to 17.5%. Strong market positions face inevitable competitive convergence. Quality 6.75/10.

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sfr

SFR: Copper Mining Excellence - Peak Performance, Peak Pricing Problem

Updated 8 Oct 2025

Mid-tier polymetallic miner with 45% EBITDA margins trading at $15.43 vs $3.82 fair value. Strong operations, challenging valuation at commodity cycle peak.

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sek

SEK: Employment Marketplace Monarch - Platform's United, Now Deliver the Goods

Updated 8 Oct 2025

HOLD rating with $23.21 fair value vs $25.16 current price. Platform Unification complete, targeting 46% EBITDA margins through operational leverage amid employment recovery.

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sec

SEC: Small-Cap Specialist - Premium Trading in a Discount World

Updated 8 Oct 2025

HOLD rating with $2.79 fair value vs $2.57 current price. 5.8% franked yield, 4.5% alpha generation, premium NTA trading.

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sdr

SDR: Platform Pioneer - Smart Money's Getting Smarter

Updated 8 Oct 2025

SiteMinder trades at $7.50 versus $3.68 fair value (51% overvaluation). Strong platform business with 7.4/10 quality score but execution risk limits appeal at current levels.

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