While having recovered from their February one-year lows, Pro Medicus Ltd (ASX: PME) shares remain sharply lower over the past year.

On Monday afternoon, shares in the S&P/ASX 200 Index (ASX: XJO) health imaging company were trading for $170.11apiece. That sees the share price down a sharp 43.2% over 12 months, well behind the 1.9% gains posted by the benchmark index over this same period.

A lot of the pressure on Pro Medicus shares has come amid wider concerns that AI can potentially replace the services that many global Software as a Service (SaaS) companies provide.

You may have heard this called the ‘SaaSpocalypse’.

But following the big selldown, Medallion Financial Group’s Stuart Bromley believes Pro Medicus is now trading at “an attractive entry point” (courtesy of The Bull).

Here’s why.

Should I buy Pro Medicus shares today?

“Pro Medicus is a global leader in medical imaging software, with its Visage platform increasingly adopted by major US hospital networks,” Bromley said, citing the first reason he’s bullish on the ASX 200 healthcare stock.

As for the second reason you might want to buy Pro Medicus shares today, he said:

Revenue of $261.7 million in full year 2026 rose 22.9 per cent on the prior corresponding period. Underlying net profit after tax of $144.7 million was up 24.1 per cent. Revenue and underlying net profit exceeded expectations, while the underlying earnings before interest and tax margin reached an exceptional 74.9 per cent.

Then there’s the company’s solid revenue pipeline.

“It signed 10 new contacts worth $407 million in full year 2026. It renewed six contracts on five-year terms to the value of $141 million,” Bromley noted.

As for the fourth reason this ASX share is buy today, Bromley concluded, “Recent share price weakness provides an attractive entry point into a high-quality growth business.”

What’s the latest from the ASX 200 healthcare share?

Pro Medicus reported its FY 2026 results on 18 August.

Atop the strong financial results Bromley mentioned above, the company declared an all-time high final dividend of 37 cents per share, fully franked. It’s a bit too late to grab that record passive income payout, though. The stock traded ex-dividend yesterday.

Commenting on the company’s strong results on the day, Pro Medicus CEO Sam Hupert said:

We were aiming for 30% increases in EBIT and NPAT, and we exceeded both on a constant currency basis… Progress made in the cardiology market represents another important string to our bow. We see this trend continuing.

Pro Medicus shares closed up 11.9% on the day of the results release.

The post Down 43%! 4 reasons to buy the BIG dip in Pro Medicus shares today appeared first on The Motley Fool Australia.

More reading

• Experts name 3 top ASX shares to buy this week
• Buy, hold, sell: Pro Medicus, BHP, CBA shares
• These ASX 50 shares have lost up to 60%. Is the sell-off overdone?
• 5 things to watch on the ASX 200 on Monday
• Top 3 ASX healthcare shares to buy after a brutal year

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 recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Building passive income from ASX stocks does not always mean owning banks and miners.

There are plenty of other companies out there that can provide attractive dividends while giving investors exposure to different parts of the economy.

With that in mind, here are three ASX passive income stocks that could be worth considering if you have $50,000 to invest.

Accent Group Ltd (ASX: AX1)

Accent Group could be an interesting option for investors looking for a combination of income and growth.

It is one of Australia’s largest footwear and apparel retailers, with stores including The Athlete’s Foot, HypeDC, Platypus, Stylerunner, and Skechers.

Retail can be cyclical, but Accent has built a strong position by focusing on categories where consumers are often prepared to spend for brands they know and like.

It also has a large store network, growing online operations, and exposure to some of the world’s biggest footwear brands.

If consumer spending improves in the near term and Accent’s earnings rebound, there could be scope for dividends to increase meaningfully.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX passive income stock to look at is the HomeCo Daily Needs REIT. It could suit investors looking for a more defensive source of income.

HomeCo Daily Needs is a property company that owns neighbourhood retail, large-format retail, healthcare, and other assets linked to everyday spending.

Its tenants include supermarkets, pharmacies, childcare operators, healthcare providers, and other businesses that people continue using through different economic conditions. This can provide relatively dependable rental income.

I also like that the portfolio is focused on practical properties rather than relying heavily on offices or discretionary shopping centres.

Overall, this could make HomeCo Daily Needs REIT a solid option for investors wanting regular income from property.

Transurban Group (ASX: TCL)

Transurban is another ASX stock that could be well suited to passive income.

It owns and operates toll roads across Australia and North America, including important roads in Sydney, Melbourne, and Brisbane.

These are difficult assets to replicate. As cities grow and congestion increases, motorists can place significant value on roads that help them get around more quickly.

Transurban also benefits from toll increases built into many of its road concessions, which can help revenue grow over time and supports an attractive income profile for investors.

Another positive is the company has a long pipeline of infrastructure projects, which could allow cash flows and dividends to increase over the years.

For investors seeking passive income backed by large-scale infrastructure assets, Transurban could be worth a look.

The post 3 ASX passive income stocks to buy with $50,000 appeared first on The Motley Fool Australia.

More reading

• These ASX shares benefit from a high Aussie dollar
• 3 ASX dividend shares perfect for passive income
• Looking for income for life? These are the ASX shares I’d consider
• Here’s what brokers tip next for APA, Transurban, Aurizon shares
• Australian bond yields are back at 2011 levels. What does this mean for ASX shares?

Motley Fool contributor James Mickleboro has positions in Accent 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 Transurban Group. The Motley Fool Australia has recommended Accent Group and HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The ASX bank share sector is a very important segment of the S&P/ASX 200 Index (ASX: XJO).

There are a number of important businesses such as Commonwealth Bank of Australia (ASX: CBA), Westpac Banking Corp (ASX: WBC), National Australia Bank Ltd (ASX: NAB), ANZ Group Holdings Ltd (ASX: ANZ), Macquarie Group Ltd (ASX: MQG) and Bendigo and Adelaide Bank Ltd (ASX: BEN).

How the big banks perform plays an essential role in the Australian economy and the ASX share market. A key question to me is – are they good value?

Fund manager Wilson Asset Management (WAM) has shared thoughts on major ASX bank shares in the context of the WAM Leaders Ltd (ASX: WLE) portfolio. WAM Leaders is a listed investment company (LIC) that looks to actively invest in large ASX shares at attractive valuations.

In its latest commentary about ASX shares, the WAM Leaders investment team talked about their view on the major ASX bank shares of CBA, Westpac, NAB and ANZ.

Do the big four ASX bank shares have a good outlook?

Following the end of reporting season, where CBA announced its FY26 result and the other big banks revealed quarterly updates, Wilson Asset Management said that the banks’ reports were broadly in line with expectations.

However, bank commentary pointed to a moderation in the outlook for credit growth as the housing market digests the impact of three rate hikes earlier in the year and recent federal budget changes.

The WAM Leaders investment team noted that revenue growth is also showing signs of slowing from the strong levels seen earlier in the cycle.

The LIC’s fund managers highlighted that business lending pipelines remain “relatively healthy”, but mortgage growth expectations have been revised to lower levels.

Are the valuations of ANZ, NAB, Westpac and CBA shares attractive?

The Wilson Asset Management team said that they remain underweight. This means having a smaller allocation to banks than the ASX 200 does, due to the more challenging outlook for credit growth, alongside increasing competition and signs of some deterioration the ASX bank shares’ asset (loan book) quality.

In terms of valuation, according to Commsec, the CBA share price is valued at 24x FY27’s estimated earnings. It trades with a higher price/earnings (P/E) ratio than many other Australian (and global) banks, though some of that premium could be justified by its impressive quality.

Turning to the other banks, based on the Commsec profit projection, the Westpac share price is valued at 16x FY27’s estimated earnings, the NAB share price is valued at 15x FY27’s estimated earnings and the ANZ share price is valued at 15x FY27’s estimated earnings.

Based on what the WAM investors said, there are better value opportunities out there than the major ASX bank shares.

The post Are NAB, ANZ, Westpac and CBA shares attractive buys right now? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Tuesday
• Sell alert! Why this expert is calling time on Flight Centre and CBA shares
• $10,000 a year in passive income buying just $10k worth of ASX shares? Here’s how I’d go about it
• Here are the top 10 ASX 200 shares today
• What’s keeping the ASX 200 in the green today?

Motley Fool contributor Tristan Harrison 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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.