Alpha signals from composite scoring engine · 8 active ideas
CSL Limited
Consistent earnings growth >15% CAGR with best-in-class ROIC of 22%. Plasma collection volumes recovering post-COVID, driving margin expansion. Trading at 18% discount to global healthcare peers despite superior growth profile. Q3 earnings catalyst on May 14.
BHP Group
Strong free cash flow yield of 8.2% with disciplined capital allocation. Iron ore demand supported by China stimulus and decarbonization infrastructure. Copper exposure via Escondida provides structural upside. Capital return program continues.
James Hardie Industries
Undervalued vs US building materials peers by 22%. US housing demand structurally supported by housing shortage. Margin expansion story with pricing power. ColorPlus siding share gains.
Xero Limited
Accelerating subscriber growth with operating leverage inflection. International expansion in US and UK driving ARR growth >25%. Pricing power via annual price increases. Path to 30% EBITDA margins.
Mineral Resources
Risk score of 38 — elevated leverage with net debt/EBITDA >2.5x. Lithium price collapse exposure at Wodgina JV. Governance red flags around Ellison buyback. Mining services cash cow cannot fund lithium capex indefinitely.
South32
Weak alumina margins with Brazil refinery underperformance. Sierra Gorda copper expansion capex overrun risk. Manganese oversupply pressuring prices. Aluminum demand weakness in Europe.
Commonwealth Bank · Westpac Banking
CBA has superior technology platform and deposit franchise while WBC faces mortgage market share erosion and highest compliance remediation costs. CBA premium to WBC has room to expand. Both banks benefit from NIM stabilization but CBA's digital moat compounds.
BHP Group · Fortescue
BHP superior ore quality (62% Fe) vs FMG (58% Fe) with widening grade discount. BHP copper exposure via Escondida provides diversification that FMG lacks. FMG green energy capex drag. BHP capital discipline vs FMG FFI dilution.
All active & closed ideas · Last 90 days