If you’re planning to invest into the Australian share market, then one of the shares listed below could be worth considering whether you’re looking for growth, income, or value.
Here’s why I think these shares are in the buy zone:
Aristocrat Leisure Limited (ASX: ALL)
This gaming technology company could be a good option for value investors. The earnings of its core poker machine business have been hit hard by the pandemic and are likely to remain subdued until casinos reopen again. But once things return to normal, I expect Aristocrat’s group earnings to accelerate materially. Especially given the impressive growth being exhibited by its digital segment. Based on this, I estimate that its shares are changing hands at just 18x FY 2021 earnings. Given its positive long term outlook, I think this is a real gift for investors.
Pushpay Holdings Group Ltd (ASX: PPH)
Growth investors might want to consider an investment in this donor management platform provider. Pushpay is rapidly bringing the church market into the modern age with its increasingly popular platform. The company has just recorded exceptionally strong operating profit growth in FY 2020 and is guiding to further strong growth in FY 2021. Looking beyond this, management believes it has a massive market opportunity. And thanks to the quality of its platform, I expect it to capture a big slice of it.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
If you’re an income investor and can afford to be patient, then this airport operator could be a good option. The pandemic has impacted the travel and tourism markets materially in 2020, but they will recover in time. I suspect that domestic travel will recover reasonably quickly, with international travel taking another 12 months after that to recover. In light of this, I estimate that Sydney Airport will pay a 27 cents per share dividend in FY 2021 and then a 37 cents per share dividend in FY 2022. This implies yields of 4.7% and 6.5%, respectively, over the two years. I think this makes it a good option for patient investors.
And here is a fourth option that you might regret missing out on…
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More reading
- Brokers name 3 ASX 200 shares to buy right now
- Why Aristocrat Leisure, Afterpay, Corporate Travel, and Sydney Airport are pushing higher
- ASX 200 down 0.2%: Wesfarmers overhauls Target, Sydney Airport has no plans to raise equity
- 5 things to watch on the ASX 200 on Friday
- ASX 200 drops 0.4%, Chinese threat to Australian iron
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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