Category: Stock Market

RBC Capital Markets has initiated coverage of SGH Ltd (ASX: SGH), which is a diversified industrial company that owns Boral, Coates, Westrac, and various gas-producing investments.

The broker is bullish on the company’s shares and has an outperform rating on them. We’ll get to the specifics of their share price target later.

Firstly, let’s look at why they’re keen on the company’s prospects.

Sum of the parts more valuable

RBC says the company is well diversified across infrastructure, building, resources, energy (including through part-ownership of Beach Energy Ltd (ASX: BPT)), and media.

Key to a re-rating in the stock, however, is the company’s interest in the Crux project in Western Australia, which is a joint venture with global giant Shell.

As RBC says in a report published this week:

We believe SGH is likely to make an announcement on Crux, a gas project that it has a 15.5% stake in (Shell owns the balance) that will begin backfilling volumes in the Prelude Floating LNG terminal, which we believe will act as a positive catalyst for the stock. We conservatively expect the project to start producing gas in late (2H28), and have taken the view that it will hit full production in FY30.

RBC estimates that Crux would generate $350 to $375 million in EBITDA to SGH each year, “yet consensus forecasts show no step-change in group earnings through the ramp period”.

RBC has valued the Crux stake at $1.2 billion, or $3.20 per share.

The broker also says the company’s exposure to infrastructure nationally remains well-positioned.

RBC said:

Concern around an East Coast infrastructure slowdown is reasonable, however overdone in our view. Whilst VIC is particularly weak and unlikely to change in the short to medium term, NSW infrastructure is expected to be stable whilst QLD is growing. Whilst the infrastructure sector may be in an Airpocket, we do not think the business will suffer from debilitating indigestion, such that 15.6 PE presents an attractive entry point.

SGH also owns Westrac, which is the exclusive Caterpillar dealer in Western Australia and New South Wales.

RBC said SGH is currently trading at a discount to its peer group, indicating there should be some upside in the stock.

RBC said:

We have valued SGH through both a short- and long-term lens. The construction market that SGH is exposed to through Boral and Coates is inherently cyclical, as is the resources sector that WesTrac is exposed to. On top of that, SGH’s energy exposures through Beach and Crux also introduce year-to-year volatility that must be captured through a short term, Sum of the Parts valuation. Separately, the business has longevity whose assets must be recognized via a net present value valuation – Boral’s quarries, WesTrac’s highly sought after exclusive contract with Caterpillar, Coates’ dominant market position with key customers and in key geographies.

RBC has calculated a price target of $47 for SGH shares, compared with $40.82 currently. The company also pays a 1.6% dividend yield.

SGH is valued at $16.36 billion.

The post How high does RBC Capital think SGH shares will go? appeared first on The Motley Fool Australia.

More reading

• Up 250% in a year, Core Lithium shares surging again today on big Finniss news
• Does Bell Potter think TechnologyOne shares are a buy?
• James Hardie shares tumble on FY26 profit crunch
• Why are Catapult Sport shares jumping 18% today?
• Dalrymple Bay Infrastructure lifts distribution guidance and declares Q1 FY26 payout

Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Core Lithium Ltd (ASX: CXO) shares are charging higher today.

Shares in the All Ordinaries Index (ASX: XAO) lithium stock closed yesterday trading for 31.5 cents. In early morning trade on Wednesday, shares are changing hands for 32.5 cents apiece, up 3.2%.

For some context, the All Ords is down 0.4% at this same time.

This outperformance follows a big announcement from the miner this morning.

Here’s what we know.

Core Lithium shares jump as mining resumes at Finniss

Investors are bidding up the ASX lithium stock after the miner reported that mining operations have recommenced at the Finniss Lithium Operation, located in the Northern Territory.

Core’s flagship Finniss project was placed into care and maintenance in January 2024. That followed the global lithium price crash, which made mining at Finniss unprofitable and sent Core Lithium shares into a tailspin at the time.

But with global lithium prices having rocketed over the past year, blasting and excavation works have kicked off at Grants open pit, situated within Finniss.

Core Lithium is engaged in a staged return to production. With the recommencement of mining operations, management said that the company is on track for near-term production and cash flow generation.

Finniss is expected to re-enter the spodumene market (a lithium bearing ore) in the near term, with the company targeting the first spodumene concentrate shipment in the December quarter.

What did management say?

Commenting on the Finniss restart that’s helping to boost Core Lithium shares today, managing director Paul Brown said, “The commencement of mining at Grants marks the start of Finniss returning to production, with first ore expected to be processed in the September quarter and first shipment targeted for the December quarter.”

Brown added:

In less than three months since FID, we have secured funding, awarded key mining contracts and transitioned to active mining, demonstrating disciplined execution.

Grants provides a low-risk, near-term ore source to underpin early production and cashflow, while BP33 continues to progress as the long-term foundation of the operation. Our focus remains on safe, reliable execution and delivering Finniss back into production on schedule and on budget.

With today’s intraday gains factored in, Core Lithium shares are up a whopping 249.5% since this time last year, smashing the 2.5% one-year returns delivered by the All Ords.

But the ASX lithium stock has a long way to go yet before retaking the highs set back in November 2022, when shares were trading for $1.67 apiece.

The post Up 250% in a year, Core Lithium shares surging again today on big Finniss news appeared first on The Motley Fool Australia.

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• Core Lithium shares jump again after a major Finniss milestone
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• This $1 billion ASX lithium stock is in the spotlight today. Here’s why

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

TechnologyOne Ltd (ASX: TNE) shares are rebounding on Wednesday.

In morning trade, the enterprise software provider’s shares are up over 6% to $29.59.

This has wiped out yesterday’s post-results decline and added some more.

The catalyst for this could have been a broker note out of Bell Potter, which recommended investors snap up the ASX 200 tech stock while it was down.

What is the broker saying?

Bell Potter was pleased with the company’s performance during the first half of FY 2026, highlighting that its result was in line with expectations and slightly ahead of consensus estimates. It said:

[First half] FY26 PBT of $89.1m was in line with our forecast of $89.4m and c.1% ahead of VA consensus of $88.4m. Revenue of $318m was 3% below our forecast of $328m but was made up at PBT with a higher-than-expected margin of 27.6% vs our forecast of 26.7%. ARR of $598m was modestly below our forecast of $600m but close to in line with VA consensus of $599m.

Technology One noted the result was negatively impacted by forex and, for instance, ARR on a constant currency basis would have been $604m and the growth would have been 19%. Similarly the NRR would have been c.200bps higher at 116% vs 114% and the PBT margin would also have been c.50bps higher at 28.1% vs 27.6%.

Looking ahead, management’s guidance for the full year was also in line with expectations. It adds:

Technology One reiterated its FY26 guidance of 18-20% PBT growth and 16-18% ARR growth. The company said it was targeting the top end of both ranges. We were already at the top end of both ranges so there is little change in our FY26 forecasts albeit we have reduced our revenue forecast by c.1% but offset this with an increase in our PBT margin forecast from 31.8% to 32.3% (which is also consistent with the guidance of a c.200bps increase in the margin relative to 30.3% in FY25).

We have similarly downgraded our FY27 and FY28 revenue forecasts by c.1% but offset this with increases in our margin estimates so there is little change at PBT. Notably we continue to forecast PBT of 20% in each of FY26, FY27 and FY28.

Should you buy TechnologyOne shares?

In response to the results, Bell Potter has reaffirmed its buy rating and $32.25 price target on TechnologyOne’s shares.

Based on its current share price, this implies potential upside of approximately 9% for investors over the next 12 months.

In addition, a 1.2% dividend yield is expected, boosting the total potential return to around 10%.

Commenting on its buy recommendation, the broker said:

With little change in our forecasts there is no change in our TP of $32.25 and we maintain our BUY recommendation. There is perhaps a lack of short term catalysts for the stock but we believe the stock should continue to perform well given it is in our view the best positioned tech stock on the ASX to benefit from rather than be disrupted by AI. We also see very little if any downside risk to the guidance given the high level of SaaS and recurring revenue (c.93% of total revenue in H1), good visibility and strong pipeline.

The post Does Bell Potter think TechnologyOne shares are a buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Technology One. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Technology One. The Motley Fool Australia has recommended Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

James Hardie Industries PLC (ASX: JHX) shares are having a tough session on Wednesday.

At the time of writing, the ASX 200 share is down over 3% to $25.90.

James Hardie shares fall on results day

Investors have been selling the building materials company’s shares this morning following the release of its fourth quarter and full year results.

According to the release, for FY 2026, James Hardie reported net sales of US$4.84 billion, up 25% from US$3.88 billion in FY 2025. However, this was largely supported by the contribution from the AZEK acquisition. On an organic basis, net sales declined 2% for the year.

The newly acquired Deck, Rail & Accessories division contributed net sales of US$795.2 million and adjusted EBITDA of US$224.8 million for the year.

In Siding & Trim, net sales increased 3% to US$2.96 billion. However, adjusted EBITDA fell 5% to US$951.4 million, with margins declining to 32.1% from 35% in FY 2025.

Management said full-year exterior product volumes fell high single digits, with single-family volumes down low double digits as softer construction conditions weighed on demand.

Group operating income fell 32% to US$447.6 million, while adjusted EBITDA rose 17% to US$1.27 billion.

Finally, statutory net income fell 75% to US$104.0 million, compared with US$424 million in FY 2025.

Management commentary

Commenting on the year, James Hardie’s CEO, Aaron Erter, said:

Fiscal 2026 was a transformational year for James Hardie, highlighted by the closing of the AZEK acquisition. As we integrate the businesses, we are seeing continued progress across both cost and commercial synergies, further strengthening our belief in the long-term value creation opportunity from the combination.

For the full fiscal year, we delivered solid financial performance despite a challenging operating environment. Despite our markets declining mid-to-high single digits for the year, our organic net sales declined just 2% year over year.

Outlook

Unfortunately, James Hardie is not assuming a market recovery in FY 2027.

However, it is still targeting pro forma adjusted EBITDA growth of 4% to 8%.

The company’s chief financial officer, Ryan Lada, explained:

The operating environment remains uncertain. We are not assuming a market recovery. What gives us confidence is execution — synergy realization, our enhanced go-to-market model, manufacturing cost actions taken in FY26, and disciplined capital allocation. In forming our fiscal year 2027 outlook, we assessed a broad range of macroeconomic indicators, including commentary from large homebuilders, repair and remodel market trends, channel inventory levels across our distribution network, and broader consumer sentiment.

The post James Hardie shares tumble on FY26 profit crunch appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Catapult Sports Ltd (ASX: CAT) shares are jumping on Wednesday.

In morning trade, the ASX 300 tech stock is up 18% to $3.41.

ASX 300 tech stock jumps on results

Investors have been bidding the sports technology company’s shares higher today following the release of a strong full-year result.

According to the release, Catapult’s annualised contract value increased 28% in constant currency to US$133.8 million in FY 2026.

Excluding acquired ACV from Perch and IMPECT, ACV increased 18%, which management said was also a record level of incremental ACV growth.

Revenue increased 19% in constant currency to a record US$140.7 million. This was driven by SaaS revenue of US$118.6 million, which was up 21% in constant currency. SaaS and other recurring revenue now represents 95% of total revenue, highlighting the recurring nature of the ASX 300 stock’s business model.

In Performance and Health, ACV increased 23% in constant currency, supported by geographic expansion, growth in soccer across EMEA and Central America, and continued traction in North American college sports.

In Tactics and Coaching, ACV rose 40%, with the acquisition of IMPECT a key contributor alongside continued growth in the Pro Video Suite.

Catapult added 576 new professional teams during the year, while average ACV per professional team increased 10% in constant currency to more than US$30,000 for the first time. Retention also increased to more than 96%.

As for earnings, the ASX 300 tech stock revealed that management EBITDA increased 67% to US$24.7 million, reflecting strong revenue growth and disciplined cost management.

Its contribution margin increased to 53% from 49%, while the operating profit margin expanded to 18% from 13%.

How does this compare to expectations?

The result appears to have beaten expectations across several key measures.

Bell Potter had forecast management EBITDA of US$23 million, while noting consensus appeared to be closer to US$22.4 million. Catapult delivered US$24.7 million, which was ahead of both.

The broker was also looking for ACV of US$133.6 million, compared with the actual result of US$133.8 million.

Free cash flow excluding transaction costs also came in ahead of Bell Potter’s estimate at US$6.5 million.

Management commentary

The ASX 300 tech stock’s CEO, Will Lopes, appeared to be pleased with the year. He said:

FY26 was a transformational year for Catapult. We set ourselves ambitious targets: maintain our organic growth rate, reinvest meaningfully in our platform, and stay focused through a period of significant M&A. We delivered on all of them. These results reflect the efforts of every person at this company, and to the world-class sports teams who trust us with their performance every day.

What I am most proud of is how we achieved it. Disciplined cost management, combined with strong top-line growth, drove our Rule of 40 to a record high, clear evidence that our operating model is scaling the way we designed it to.

Outlook

Looking ahead, Catapult expects strong ACV growth, low churn, continued margin improvement, and higher free cash flow in FY 2027. Lopes said:

At Catapult, our compass remains fixed: be an invaluable partner to our customers, and deliver strong, profitable growth. As we enter FY27, we expect strong ACV growth, low churn, continued margin improvement towards our targets, and higher free cash flow, all consistent with our Rule of 40 focus.

The post Why are Catapult Sport shares jumping 18% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Catapult Sports. The Motley Fool Australia has positions in and has recommended Catapult Sports. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Dalrymple Bay Infrastructure Ltd (ASX: DBI) share price is in focus after the company announced an 8.5% increase in its distribution guidance for FY26/27 and a Q1 FY26 distribution of 6.75 cents per stapled security.

What did Dalrymple Bay Infrastructure report?

• Forecast Terminal Infrastructure Charge (TIC) for TY-26/27 is ~$4.02 per tonne, up 8.1% on the prior year.
• Distribution guidance for TY-26/27 set at 28.62 cents per stapled security, an 8.5% uplift versus the previous period.
• Q1-26 distribution of 6.75 cents per stapled security declared, matching previous guidance.
• Terminal remains fully contracted at 84.2Mtpa until 30 June 2028, with evergreen renewal options.
• Distribution to be paid as a mix of unfranked dividend and loan note repayment.

What else do investors need to know?

Dalrymple Bay Infrastructure’s updated guidance points to stable cashflows, as the company continues to operate on a 100% take-or-pay basis with its contracted customers. The major increase in the Terminal Infrastructure Charge reflects higher non-expansionary capital expenditure (NECAP), underpinning the uplift to the asset base.

The forecast incorporates an additional $97.8 million of NECAP spend and ongoing indexation to the Australian CPI, helping sustain consistency in DBI’s targeted distributions. All future distributions remain subject to board approval and prevailing market conditions.

What’s next for Dalrymple Bay Infrastructure?

Dalrymple Bay Infrastructure reaffirmed its annual distribution growth target of 3–7% for the foreseeable future, subject to business performance and conditions. The company plans to continue investing in its terminal infrastructure to ensure ongoing reliability, capacity, and value for securityholders.

Management emphasises the business’s role as a critical export gateway and its stable, long-term contracts. This consistent strategy aims to deliver secure, predictable income streams and maintain the company’s commitment to its established payout policy.

Dalrymple Bay Infrastructure share price snapshot

Over the past 12 months, Dalrymple Bay Infrastructure shares have risen 30%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post Dalrymple Bay Infrastructure lifts distribution guidance and declares Q1 FY26 payout appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Retirement investing is not just about chasing the biggest dividend yield.

If I were building a portfolio for retirement, I would want income, but I would also want businesses that could keep growing over time. After all, retirement can last decades, and inflation can slowly eat away at purchasing power.

That is why I think a good retiree portfolio should include ASX 200 shares with defensive qualities, reliable demand, and the ability to lift earnings and dividends over the long run.

Three I would consider are named in this article.

Telstra Group Ltd (ASX: TLS)

Telstra is one of the first ASX 200 shares I would look at for retirement income.

The reason is simple. Telecommunications is close to essential.

Mobile and internet services are now part of everyday life. People use them to work, bank, shop, communicate, stream, book appointments, and manage their households. That gives Telstra a level of demand resilience that many consumer-facing businesses do not have.

I also like the way Telstra has become a cleaner investment story in recent years. The company has simplified its structure, invested heavily in its mobile network, and continued to benefit from its strong position in Australian telecommunications.

For retirees, I think the dividend is the main attraction. Telstra may not offer the highest yield on the ASX, but I would rather own a solid income stock with defensive earnings than chase a yield that may not be sustainable.

If Telstra can keep growing earnings modestly and maintain a sensible dividend, I think it could be a useful anchor in a retirement portfolio.

Coles Group Ltd (ASX: COL)

Coles is another ASX 200 share I would consider buying and holding through retirement.

Supermarkets are not exciting, but I think that is part of their strength.

People need groceries in every economic environment. Spending patterns can change, shoppers may trade down, and competition can be intense, but food demand does not disappear because interest rates rise or consumer confidence weakens.

That makes Coles a relatively defensive business.

I also like the everyday nature of its cash flows. A supermarket business has frequent customer visits, strong brand recognition, and a large national store network. It can also use data, loyalty programs, online shopping, and supply chain investment to improve the customer experience over time.

For retirees, Coles could provide a combination of income and stability. The dividend may not make anyone rich quickly, but I think the business has the kind of steady demand profile that can be valuable when investors are drawing income from their portfolios.

If inflation remains sticky, Coles also has some ability to pass through price increases, although it must balance that carefully with customer value and competition.

Transurban Group (ASX: TCL)

Transurban is a very different type of income share.

This ASX 200 share owns and operates toll road assets in major cities. I like this because infrastructure can provide a long-term income stream linked to essential transport routes.

Traffic volumes can fluctuate with economic conditions, fuel prices, and work-from-home trends. But major toll roads are hard to replicate, and they often sit in locations where congestion makes the assets valuable.

For retirees, I think Transurban’s appeal is the potential for relatively predictable cash flows and distributions.

It also offers some inflation-linked qualities because toll increases are often connected to inflation or set under long-term concession arrangements. That can be useful in a retirement portfolio, where the goal is not just income today, but income that can hold up over time.

Transurban is sensitive to debt costs, so rising interest rates can affect sentiment. But if I were investing with a long-term view, I would still see it as one of the more attractive infrastructure names on the ASX.

Foolish Takeaway

If I were investing for retirement, I would want income that comes from businesses people keep using year after year.

Telstra, Coles, and Transurban all fit that idea in different ways. They provide exposure to communication, groceries, and transport infrastructure, three areas that can remain relevant across many market cycles.

For retirees seeking income and some capital growth potential, I think these ASX 200 shares could be strong buy-and-hold options.

The post 3 strong ASX 200 shares for retirees to buy and hold appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in Transurban Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Telstra Group and Transurban Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Catapult Sports Ltd (AS:X CAT) share price is in focus, following its FY26 results revealing record revenue of US$140.7 million, up 19% in constant currency, and management EBITDA of US$24.7 million, up 67% year-over-year.

What did Catapult Sports report?

• Annualised Contract Value (ACV): US$133.8 million, up 28% (CC) year-on-year, or 18% (CC) excluding acquisitions
• Total revenue: US$140.7 million, up 19% (CC) year-on-year
• Management EBITDA: US$24.7 million, up 67%
• Contribution margin: 53% (up from 49% last year)
• Free cash flow (ex acquisitions/transaction costs): US$6.5 million
• No net debt; cash balance above US$53 million

What else do investors need to know?

Catapult added 576 new professional teams in FY26 and boosted its average ACV per pro team to over US$30,000 for the first time, up 10%. Customer retention remains strong, topping 96%, suggesting the company’s land and expand approach is working.

The business also advanced its product suite with notable innovation, launching new offerings like Vector 8 for athlete monitoring, Perch’s upgraded P2 Camera, and integrating IMPECT’s video analysis within Catapult’s platform. These developments come alongside successful acquisitions of Perch and IMPECT, which are now fully integrated ahead of the company’s key Northern Hemisphere sales season.

What did Catapult Sports management say?

Commenting on the results, CEO & Managing Director Will Lopes said:

FY26 was a transformational year for Catapult. We set ourselves ambitious targets: maintain our organic growth rate, reinvest meaningfully in our platform, and stay focused through a period of significant M&A. We delivered on all of them… We are only just beginning to realize the potential of our expanded platform, and I have great confidence in our ability to continue driving this business forward as one of the world’s best SaaS companies.

What’s next for Catapult Sports?

Looking ahead to FY27, Catapult expects continued strong ACV growth, low customer churn, margin improvements, and higher free cash flow, all remaining consistent with its “Rule of 40” SaaS efficiency targets. The company’s expanded platform, which now combines athlete performance data, video analysis, gym monitoring, and scouting intelligence, positions it to deliver new capabilities to professional teams worldwide.

Management says it remains focused on being an “invaluable partner” for customers and driving profitable expansion, with further product rollouts and deeper market penetration expected in the coming year.

Catapult Sports share price snapshot

Over the past 12 months, Catapult Sports shares have declined 33%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post Catapult Sports reports record revenue in FY26 appeared first on The Motley Fool Australia.

More reading

• Dalrymple Bay Infrastructure lifts distribution guidance and declares Q1 FY26 payout
• James Hardie earnings: FY26 profit drops as sales lift 25%
• Here’s the average superannuation balance at age 51 in Australia. How does yours compare?
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Catapult Sports. The Motley Fool Australia has positions in and has recommended Catapult Sports. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The ASX stock Temple & Webster Group Ltd (ASX: TPW) may well be one of Australia’s top share opportunities right now. The large sell-off could be a great buying opportunity for opportunistic investors.

As the above chart shows, the Temple & Webster share price has more than halved in 2026 alone.

However, it’s still materially above the lows seen in 2022 and 2023 when investors worried about what impacts higher inflation and interest rates could have on demand for homewares, furniture, and home improvement products – that’s what Temple & Webster sells through its website.

Why I think it’s one of Australia’s top shares

Interestingly, a large proportion of what’s sold on the website is shipped directly by third-party suppliers, allowing Temple & Webster to be capital-light and generate substantial positive cash flow. It doesn’t need to hold the amount of inventory that would be required to sell everything on its website.

The company has been very effective at growing its market share, including in FY26. Over the long term, I believe the business will continue to grow its market share, and scale benefits will flow through the company as rising profit margins.

In FY26, even in a difficult year, it expects to report revenue of between $665 million and $675 million, representing year-over-year growth of between 11% to 12%.

The company is successfully utilising AI across the business in a variety of ways, which helps improve customer satisfaction and conversion rates – those are key aspects that support a new customer becoming a returning customer. AI is also helping drive a 10% improvement in shipping cost accuracy.

One area of the business I think investors should pay close attention to is the home improvement segment, which includes products like tiles, wallpaper, sinks, and vanities for various rooms, cabinets, showers, baths, toilets, curtains and blinds, and heating and cooling. Its growth options like this are another reason why I’m calling this one of Australia’s top shares to buy.

In the first half of FY26, the home improvement segment saw revenue growth of 47% to $30 million, a much faster growth rate than the core homewares and furniture segment. I think this business could deliver stronger revenue growth than the overall business for the foreseeable future.

I’m expecting the core business to continue to see benefits from the national adoption of e-commerce. Australia has tended to lag the UK and US in e-commerce adoption by between 5 and 7 years – Australia is now at approximately 20% e-commerce adoption for homewares and furniture, while the UK is at 29% and the US is at 35%. There’s plenty of room for growth in the next five years.

This could be a great time to buy

The Temple & Webster share price has sunk heavily – not for the first time this decade – yet its revenue continues to climb.

I believe the market is significantly undervaluing where Temple & Webster could be in three to five years. It could be good to invest when the market is fearful.

I’m not suggesting it’s going to go back above $20 in the next 12 months, but the company is focusing on profitability during this period, and this could help the market see how much its earnings could rise in the long term.

Temple & Webster expects its operating profit (EBITDA) to approximately double to around $40 million in FY27, even in a low growth scenario.

According to the forecast on CMC Invest, the Temple & Webster share price is valued at 32 times FY27’s estimated earnings. This looks to me like a compelling time to look at one of Australia’s top shares.  

The post A rare buying opportunity in 1 of Australia’s top shares? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Temple & Webster Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Geopacific Resources Ltd (ASX: GPR)’s Woodlark gold project in Papua New Guinea would generate more than $6 billion over the life of the mine, a new study published today says.

Robust project economics

The company released its definitive feasibility study into the proposed gold mine this morning, saying the study “confirms Woodlark as a technically robust, economically attractive, long-life open pit gold development, forecast to generate strong free cash flow and rapid capital payback”.

The study says the mine will generate revenue of $6.1 billion in total, with post-tax net cash flow of $2.5 billion, calculated at a gold price of $5500. The gold price is currently $6312.

The mine is expected to have a payback period of about 18 months and an all-in sustaining cost of production of $ 1,966 per ounce.

The company said:

The production schedule prioritises near-surface higher grade material during the early years of operation, supporting strong eary cash generation and rapid capital payback.

The definitive feasibility study is based on a 1.2 million ounce gold reserve.

The open-pit mining project is expected to cost about $650 million to bring into production.

The company said it would now engage with financing partners “and assess a range of funding solutions”.

Geopacific Resources Managing Director Hamish Bohannan said:

The completion of the DFS marks a major milestone for the Company and confirms Woodlark as a technically robust, long-life project capable of delivering strong margins and significant free cash flow. It comes at a time of increasing international interest in resource development and infrastructure investment in PNG, reflecting the country’s growing strategic importance as a destination for large-scale resource projects and a key supplier of precious metals to global markets. The Woodlark Project is well positioned to contribute to this development landscape while delivering long-term value for shareholders and stakeholders in PNG. Importantly, the Project benefits from a high proportion of Proved and Probable Reserves, established permitting and significant prior technical work which provides a strong foundation as we advance towards development.

Mr Bohannan said the company was targeting a final investment decision on the project by late 2026.

The Woodlark mine is expected to produce for 12 years with 35.6 million tonnes of ore mined.

The project is located on Woodlark Island, about 600km east of Port Moresby.

More exploration to come

The company said there were further near-mine targets that could also result in new resources.

The company said:

Large-scale copper-gold porphyry targets on Woodlark Island remain completely untested, providing a potentially company-making discovery opportunity layered on top of the existing gold project.

Geopacific Resources is valued at $153.9 million.

The post A new PNG project could generate more than $6 billion once in production, this ASX gold company says appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.