Date 14/12/2023
Overvalued shares – Sell
Fortescue Metals Group – fair value as $16.88/ share. At the last closing price of $17.59, FMG is trading at a 4.2% premium to our valuation. Accordingly, FMG is regarded as ‘Fairly valued’ at current levels. Given that the share price has dropped 20% and normally trading over its fair value we see this as an opportunity to pick up a small parcel with the view to add to the holding over time.
Origin Energy – At the last closing price of $9.22, ORG is trading at a 60.6% premium to our valuation. Accordingly, ORG is regarded as ‘Overvalued’ at current levels.
Undervalued shares – Buys
South 24 – fair value as $4.06/ share. At the last closing price of $3.66, S32 is trading at a 9.8% discount to our valuation. Accordingly, S32 is regarded as ‘Undervalued’ at current levels.
QBE Insurance Group – fair value as $18.11/ share. At the last closing price of $15.38, QBE is trading at a 15.1% discount to our valuation. Accordingly, QBE is regarded as ‘Undervalued’ at current levels.
Telstra – TLS’s fair value as $4.67/ share. At the last closing price of $4.13, TLS is trading at a 11.6% discount to our valuation. Accordingly, TLS is regarded as ‘Undervalued’ at current levels.
If you have any questions, please contact our office.
AFSL 403509
51 Thuringowa Drive
Kirwan QLD 4817
Phone: (07) 4771 4577
Email: [email protected]
Jason Fittler: [email protected]
Jane Fittler: [email protected]
