ric
RIC: Agricultural Inputs Leader - Fertiliser Fusion Fuels Growth
Updated 8 Oct 2025
Fair value $3.22 vs current $2.94 (9.5% upside). ROIC 24.8% vs peers 9.5%. IPF integration adds scale, creates synergies.
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reh
REH: Plumbing Distribution Giant - Premium Price, Leaky Valuation
Updated 8 Oct 2025
Reece trades at $14.93 vs fair value $11.80, offering -21% return potential with 68% loss probability amid construction headwinds and competitive pressures.
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RDX: Chemical Distribution Leader - Recovery Priced In, Execution Required
Updated 8 Oct 2025
HOLD rating with $2.17 fair value vs $2.31 current price. Dominant ANZ position, 5.4% yield, but US expansion struggles and margin recovery challenges limit upside.
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QBE: Global Insurance Giant - Transformed but Trapped by Market Euphoria
Updated 8 Oct 2025
QBE Insurance shows strong transformation with 18.2% ROE and 93.1% combined ratio, but fair value analysis suggests 54% overvaluation at current levels.
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QAN: Aviation Powerhouse - Flying High on Fleet Renewal Wings
Updated 8 Oct 2025
Dominant Australian airline trading at 38% discount with $19.04 fair value versus $11.89 current price, 20% EBITDA margins, 65% market share.
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PRN: Underground Mining Giant - Digging Deep for Value
Updated 8 Oct 2025
Mining services leader trading at 3.1x EV/EBITDA vs 9.0x peer median, fair value $3.92 vs current $2.02, strong execution track record
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PPM: Non-Bank Lending Leader - Royal Commission's Gift That Keeps Giving
Updated 8 Oct 2025
Fair value $3.62 vs current $1.94 (87% upside). Market-leading non-bank lender with 48.8% EBITDA margins, 12.1% ROIC, transforming to capital-light servicing model.
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PPE: Staffing Services Specialist - PALM Scheme Monopoly Meets Olympic Opportunity
Updated 8 Oct 2025
Trading at $0.65 vs $11.26 fair value (1,632% upside). PALM scheme monopoly, Queensland infrastructure catalyst, margins recovering 3.0% to 9.6%. High risk, exceptional reward potential.
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PFP: Death Care Consolidator - Premium Price, Mortal Returns
Updated 8 Oct 2025
Propel Funeral Partners trades at $5.04 vs $3.83 fair value with 32% overvaluation despite solid fundamentals and demographic tailwinds creating asymmetric downside risk.
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PFG: Financial Services Platform - OneConnected's Wealth Transfer Windfall
Updated 8 Oct 2025
Trading at 5.1x EBITDA vs peer median 12.5x, fair value $0.645 vs current $0.26 implies 148% upside through demographic tailwinds and platform integration.
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ORG: Energy Transition Titan - Batteries Charged, Competition Loading
Updated 8 Oct 2025
HOLD rating with $10.78 fair value vs $11.20 current price. Market leader with 25.8% share, 5.1% dividend yield, facing battery execution risks.
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ORA: Packaging Powerhouse - Transformation's Final Chapter
Updated 8 Oct 2025
Orora trades at A$1.89 versus A$2.38 fair value with 26% upside potential. Strong market positions offset by customer concentration risks and integration challenges.
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