Nine fund managers from Australia's largest investment firms have shared their best stock picks for long-term investors. These picks were provided at a philanthropy and investment summit hosted by Future Generation, an investment group that donates a portion of its assets to not-for-profit partners.
From garbage collection to race car manufacturing, nine fund managers at some of Australia ’s largest investment firms have given their best stock picks for investors looking over the long term.
The recent launch of an SUV, the Purosangue, has already run into waiting lists of well over one year and is helping the company address an important segment of the car market. It has chosen to do so with a car at a significant premium, which once again highlights the pricing power of the company.As a result, we forecast the company to be able to grow at a 5-years annualised rate of around 11+ per cent on sales, 16 per cent on earnings and 25 per cent on free cash flow.
This, we believe, has meant the market struggled to capture appropriately in the valuation of the stock, given the compounding characteristics of its cash flow generation.Novo Nordisk, company few had heard of outside of Europe ten years ago, is now the largest company in Europe, eclipsing LVMH. The growth potential is phenomenal.
In the face of increased competition from the likes of Aldi and Lidl, Tesco has implemented price-matching, which has helped maintain its circa 30 per cent share of the UK’s in-store grocery market. Throughout this period, the company has faced numerous threats from competitive therapies and fluctuations in supply and demand which have weighed on investor confidence a number of times. However, history has shown the management team and board have managed through these challenging periods and emerged with a larger and stronger business.
After a tumultuous 2022, it has moved forward on monetising its significant subscriber base by improving the amount paid by many users who shared passwords and adding an ad-supported tier that allows it to capture more value from its product without the cost being borne by subscribers.There has been a great deal of change in the strategy to redirect in a way that will enhance the growth and, importantly, build a strong cash generation powerhouse.
We expect the price to continue to track towards its underlying NTA as asset realisations occur. This figure could be between $2.50 and $3.00.Trading at 5x 2023 EPS with a 6 per cent dividend yield and 60 per cent of book value, Lloyds Banking Group controls a fifth of UK retail deposits.
Australia Fund Managers Stock Picks Long-Term Investors Investment Philanthropy Future Generation
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