In the past year, there have been exactly 24 ASX 200 stocks that have more than doubled in price. Making investors returns of 100% or more. Today we examine a case study of five of these shares to see what we can learn.
Each of these companies has seen its share price more than double since 12 June 2020.
Let’s analyze what’s been driving these top-performing ASX 200 shares, in our Prophet Invest Due Diligence.
5 ASX 200 Shares Outperforming
Sezzle (ASX: SZL)
Sezzle is a Buy-Now Pay-Later business headquartered in the USA. Sezzle was founded in 2016 and launched its BNPL platform in 2017. SZL listed on the ASX at $1.22 a share on 30 July 2019 and raised US$30 million. In this article, I compare the fundamentals of APT and SZL. From this, we can see SZL does around $125 Million in sales, compared to after pays near $1 Billion.
SZL’s Principal Activity is to provide a technology-driven payment platform that facilitates fast, secure, and easy payments between End-customers and retailers through its short-term, interest-free installment plans that delivers to end-customers both a budgeting and financing value proposition. Market Index
Over the past year SZL has has had record results which is largely to thank for its massive Share price increase.
Financial Highlights
● 2020 UMS and Total Income rose 250.8% and 272.1% YoY, respectively.
● Merchant Fees (80.9% of Total Income) for 2020 increased 266.9% YoY.
● Active Consumers and Active Merchants reached 2.2M and 26.7K, respectively, as of
31 December 2020, representing YoY increases of 143.9% and 166.6%, respectively.
● Strong positive trends continued in January 2021 with Active Consumers reaching
2.4M (up 5.7% MoM), Active Merchants rising to 29.2K (9.5% MoM), and UMS of
US$117.8M, representing a record month and 65.1% above the average monthly pace
for 2020.
It’s no secret Sezzle has massive competition within the exploding BNPL space with players like APT, Z1P, HUM, Affirm, Pay-pal, and CBA.
Share Price Performance
Over the past year, Sezzle’s share price has exploded! Sezzle is up 173.37%. This time last year the price was at a mere $2.80. The share price peaked on the 14th of January reaching an all-time high of $11.99. The current share price is towards the upper end of its 52-week range of $2.80-$11.99. Although, the share price is down 22.95% from its all-time high.
Fundamentals
| Market Cap | $956,348,344 |
| Shares Issued | 103,500,903 |
| ASX Rank | 22 |
| PE | -41.81 |
| EPS | -0.221 |
| Volume 4W Avg | 467,831 |
| VWAP | $9.385 |
| PEG | N/A |
| NTA per Share | $1.14 |
| ROE | -11.9% |
| Debt | $41.3 Million |
| Equity | $60 Million |
Technical Factors
The general consensus within the Technical Analysis community is currently bullish on SZL shares. The moving averages and Technical Indicators seem to indicate a Buy.
| Name | Value | Action |
| RSI | 55.420 | Buy |
| STOCH | 57.859 | Buy |
| STOCHRSI | 18.647 | Oversold |
| MACD | 0.098 | Buy |
| ADX | 22.199 | Sell |
| Williams %R | -54.688 | Neutral |
| CCI | 12.4730 | Neutral |
| ATR | 0.1279 | High Volatility |
| Highs/Lows | 0.0000 | Neutral |
| Ultimate Oscillator | 54.387 | Buy |
| ROC | 1.427 | Buy |
| Bull/Bear Power | -0.0240 | Sell |
Inside Ownership and Trading
Sezzle has significant insider ownership of around 57%. Meanwhile, general investors own 36.3%, and institutions own 6.7%.
Charlie Youakim is the major shareholder and CEO owning 44.82% of Sezzle.
In March 2021 Non-Executive Director Paul Lahiff sold $412,302 worth of Sezzle shares. There has been no recent history of insider share purchases on market.
ARB Corporation (ASX: ARB)
ARB is Australia’s largest manufacturer and distributor of 4×4 accessories.
They have a wide international presence, with offices in the USA, Europe, and the Middle East, and an export network that extends through more than 100 countries around the globe. ARB’s Principal Activity is the designing, manufacturing, distribution, and sale of motor vehicle accessories and light metal engineering works.
Their brand should be recognizable for most Australians. This in itself is an excellent economic moat for ARB.
Financial Highlights
- Sales revenue: $283.9m, up +21.6%
- Other revenue: $1.1m, up +47.8%
- Total revenue: $285m (pcp: $234.1m), up +21.7%
- Profit before Tax: $72.1m (pcp: $34.4m), up +109.6%
- Tax expense: ($18.1m), pcp: ($9.1m), up +98.8%
- Profit after Tax: $54m (pcp: $25.3m), up +113.5%
- Earnings per Share (cents): 67.32cps (pcp: 31.71cps), up +112.3%
- Interim Dividend (cents per share): 29cps (pcp: 18.5cps), up +56.8%
- Franking: 100% (same as pcp)
“With strong brands around the world, very capable senior management and staff, a strong balance sheet and growth strategies in place, the Board believes ARB is well-positioned to achieve on-going success.”
Share Price Performance
Over the past year, ARB has made continuous gains up over 155%. One year ago today the share price was trading at $17.20. This has grown exponentially with ARB constantly setting all-time-highs. ARB’s 52-weel range is $16.47-$45.97. This company’s share price graph is really impressive! Long-term and short-term investors have done extremely well.
Fundamentals
| Market Cap | $3,686,146,037 |
| Shares Issued | 81,533,865 |
| ASX Rank | 122 |
| PE | 42.09 |
| EPS | $1.074 |
| Volume 4W Avg | 202,260 |
| VWAP | $45.385 |
| PEG | 52.4 |
| NTA per Share | $4.89 |
| ROE | 20% |
| Debt | 0 |
| Equity | $430.138 Million |
Technical Factors
The general consensus within the Technical Analysis community is currently bearish on ARB shares. The moving averages and Technical Indicators seem to indicate a Strong Sell.
| Name | Value | Action |
| RSI | 49.514 | Neutral |
| STOCH | 36.868 | Sell |
| STOCHRSI | 0.000 | Oversold |
| MACD | 0.200 | Buy |
| ADX | 21.878 | Neutral |
| Williams %R | -66.990 | Sell |
| CCI | -148.0515 | Sell |
| ATR | 0.2679 | Less Volatility |
| Highs/Lows | -0.2193 | Sell |
| Ultimate Oscillator | 44.422 | Sell |
| ROC | 0.000 | Neutral |
| Bull/Bear Power | -0.4320 | Sell |
Inside Ownership and Trading
ARB has insider ownership of only 8.7%. 46.1% is owned by institutions, 42.4% by the general public, and 2.8% by private companies.
In 2021 there has been no current insider trading buying or selling of ARB shares.
Eagers Automotive (ASX: APE)
APE’s Principal Activity is the selling of new and used motor vehicles, distribution and sale of parts and accessories and car care products, repair and servicing of vehicles, provision of extended warranties, facilitation of finance, and leasing in respect of motor vehicles, and ownership of property and investments. Market Index
Eagers Automotive Limited is the leading automotive retail group in Australia and New Zealand, with a long and proud history of more than 100 years. Circa. $9b turnover with more than 8,000 employees.
They are a pure automotive retail group representing a diversified portfolio of automotive brands across Australia and New Zealand.
Their core business consists of the ownership and operation of motor vehicle dealerships. Providing full facilities including the sale of new and used vehicles, service, parts, and the facilitation of allied consumer finance. They have a massive list of subsidiaries.
Outlook
- Q1 2021 underlying operating results continuing on from the strong performance in Q4 2020
- Strong market dynamics as demand continues to outstrip supply
- Focus on execution of key operational initiatives to drive growth in income and deliver sustainable reductions in cost base, while providing
- Drive strategic initiatives with a key focus on our fixed price pre-owned business
- Continue to execute on our property strategy
- Opportunity for acquisitions that are strategically aligned
- Opportunity to invest in organic growth specifically focused on
- Independent Used Car Strategy
Share Price Performance
Since the 12th of June 2020, AP Eagers share price has rocketed from $6.41 to $15.51 today. A gain of around 142%. We can see the AP Eagers share price has risen constantly through the past year. So practically no matter what time investors brought they’re in the green! AP Eagers 52-week range is $5.94-$17.67. This price was an all-time high set in April.
Fundamentals
| Market Cap | $3,985,032,474 |
| Shares Issued | 256,933,106 |
| ASX Rank | 116 |
| PE | 26.93 |
| EPS | 0.576 |
| Volume 4W Avg | 604,918 |
| VWAP | $15.58 |
| PEG | 76.1x |
| NTA per Share | – |
| ROE | 20.7% |
| Debt | $1.183 Billion |
| Equity | $924.577 Million |
Technical Factors
The general consensus within the Technical Analysis community is currently bearish on APE shares. The moving averages and Technical Indicators seem to indicate a Sell.
In summary, the upside is likely to prevail as long as $14.6 is a support. The alternative scenario is that a downside breakout of $14.6 would call for $13.6 and $13.1.
| Name | Value | Action |
| RSI | 41.196 | Sell |
| STOCH | 36.992 | Sell |
| STOCHRSI | 22.461 | Oversold |
| MACD | -0.080 | Sell |
| ADX | 20.690 | Sell |
| Williams %R | -78.049 | Sell |
| CCI | -109.1679 | Sell |
| ATR | 0.1900 | High Volatility |
| Highs/Lows | -0.1436 | Sell |
| Ultimate Oscillator | 42.262 | Sell |
| ROC | -1.210 | Sell |
| Bull/Bear Power | -0.3880 | Sell |
Inside Ownership and Trading
9.2% of AP Eagers is owned by insiders. The large majority 39.3$ is owned by the general public, 33% by private companies, 16.7% by institutions, and 1.9% by public companies.
Sealink Travel Group (ASX: SLK)
SLK’s Principal Activity is the provision of domestic public bus transport operations, international public bus transport operations, domestic ferry services, tourism cruises, charter cruises and accommodated cruising, coach tours and travel agency services, and packaged holidays. Market Index
In a year where we have seen the travel sector crash SLK has not only shown resilience but has grown substantially.
Their massive returns began with the release of their Half-Yearly statement in February. Which showed massive unexpected gains by Sealink.
Key highlights:
- Demonstrated resilience as an integrated, multi-modal transport business during an extended period of unprecedented external disruptions • Record revenue of $570.8 million, up 329.5% on previous corresponding half-year FY20, following the transformational acquisition of the Transit Systems Group, completed in January 2020
- Underlying Net Profit After Tax and before Amortisation of $48.1 million, up 231.9% on prior year
- Ongoing strengthening and enhancement of earnings with contract renewals and new contract awards during the period
- Good demand from domestic tourism sector despite COVID-19 lock downs and travel uncertainty
- Approximately 91% of Group revenue is now either contracted or non-discretionary commuter transport revenue, providing “essential” transport services
- Delivered strong gross operating cashflow
- COVID-19 impacts well managed
- Balance sheet strength offers resilience and creates optionality
- Increased fully franked interim dividend to 7.0 cents per share
Share Price Performance
Sealink’s share price has jumped significantly over the past year, from 4.29 to 9.56. This is a gain of over 125%. Their 52-week range is $3.98-$10.64. The price of $10.64 is an all-time high which was reached in April.
Fundamentals
| Market Cap | $2,087,894,899 |
| Shares Issued | 218,399,048 |
| ASX Rank | 186 |
| PE | 212x |
| EPS | 0.0451 |
| Volume 4W Avg | 412,043 |
| VWAP | $9.635 |
| PEG | 8.1x |
| NTA per Share | -$0.009 |
| ROE | 1.6% |
| Debt | $304.643 Million |
| Equity | $609.644 Million |
Technical Factors
The general consensus within the Technical Analysis community is currently bearish on SLK shares. The moving averages and Technical Indicators seem to indicate a Sell.
In summary, the downside is likely to prevail as long as $10.24 is a support. The alternative scenario is that an upside breakout of $10.24 would call for $10.73 and $11.02.
| Name | Value | Action |
| RSI | 34.752 | Sell |
| STOCH | 19.504 | Oversold |
| STOCHRSI | 34.783 | Sell |
| MACD | -0.080 | Sell |
| ADX | 26.647 | Sell |
| Williams %R | -93.617 | Oversold |
| CCI | -164.6002 | Sell |
| ATR | 0.0886 | High Volatility |
| Highs/Lows | -0.0621 | Sell |
| Ultimate Oscillator | 22.184 | Oversold |
| ROC | -2.249 | Sell |
| Bull/Bear Power | -0.1620 | Sell |
Inside Ownership and Trading
Individual insiders own a respectable 32.8% of SLK. Institutions own 23.9%, Private companies 23.9%, and the General public 19.3%.
This year Non-Executive director Neil Smith sold $29.4 Million in Sealink shares. Lance Hockridge purchased $176,000 of SLK.
PointsBet (ASX: PBH)
PointsBet is a bookmaker with a different approach. Instead of just betting on the outcomes PointsBets focus is on the points.
PointsBet offer more markets on NBA, AFL and NRL than any other bookmaker in the world.
A new way to bet
If your bet wins by one point (or unit), you would win 1 x your bet amount (stake).
If your bet wins by 2 units, you win 2 x stake. If your bet wins by 10 units, you win 10 x stake. Conversely, if you lose by 1 unit, you would lose 1 x stake.
Lose by 10 units, lose 10 x stake.
Financial Highlights
- For the last 12 months, the Australian business had 142,992 active clients- up 77%
- For the last 12 months, the US business had 68,094 active clients- up 222%
- The Australian business recorded a statutory EBITDA of $8 million
Share Price Performance
Over the past year, Pointsbet’s share price has grown massively! PBH is up around 147%. This time last year the price was $5.598. The share price peaked on the 14th of February reaching an all-time high of $18.13. The current share price is towards the upper end of its 52-week range of $4.67-$18.13.
Fundamentals
| Market Cap | $2,545,370,154 |
| Shares Issued | 185,522,606 |
| ASX Rank | 163 |
| PE | -26.59 |
| EPS | -$0.516 |
| Volume 4W Avg | 781,027 |
| VWAP | $13.30 |
| PEG | N/A |
| NTA per Share | $2.16 |
| ROE | -18.5% |
| Debt | $73.335 Million |
| Equity | $513.173 Million |
Technical Factors
The general consensus within the Technical Analysis community is currently bullish on PBH shares. The moving averages and Technical Indicators seem to indicate a Buy.
| Name | Value | Action |
| RSI | 61.805 | Buy |
| STOCH | 81.026 | Overbought |
| STOCHRSI | 21.823 | Oversold |
| MACD | 0.190 | Buy |
| ADX | 25.666 | Buy |
| Williams %R | -24.615 | Buy |
| CCI | 61.0512 | Buy |
| ATR | 0.1536 | Less Volatility |
| Highs/Lows | 0.0143 | Buy |
| Ultimate Oscillator | 61.325 | Buy |
| ROC | 1.856 | Buy |
| Bull/Bear Power | 0.1220 | Buy |
Inside Ownership and Trading
Individual insiders own 20.8% of PBH. The general public owns the majority with a 43.4% holding. Institutions own 25.4%. Private and Public companies own 7.5% and 2.9% respectively.
This year there has been a roughly equal amount of insider buying and selling of PBH shares by UBS. No individual insider trading has occurred.
Case Study Conclusions: Prophet’s Take
Our five ASX 200 case studies: Sezzle, ARB, AP Eagers, Sealink, and Pointsbet were selected randomly as five recognizable brands of interest. All five were from a variety of sectors. By looking at the technical and fundamental factors we see no real similarities between companies. Overall the large similarity we see shown by all five companies is excellent result highlights. These companies during a difficult period performed extremely well and showed massive growth.
From such a small selective case study it’s inappropriate to say the massive gains were a direct result of the stocks amazing growth highlights but this is a likely story. Financials is one thing we always look at when doing our stock due diligence and this highlights the importance of that.
Please Remember all Articles Published on Prophet Invest are Opinion only
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