UNDERVALUED News & Analysis

Value continues to underperform but it may be a function of how we think about the investing style.  

Guidance creditably maintained despite cyclones. 

Shares jump but the operating environment remains difficult and we lower our fair value. 

We follow Buffett’s adage to find great companies trading at attractive prices. 

Two key markets are hurting results but there is no quick fix.

Signs of stabilisation, but competitive positioning still weakening against passive investments.

Bank shares rally as bad debt concerns ease but look overvalued.

Our fair value estimate holds up better than the share price.  

Market is slightly overvalued after strong rally; plenty of opportunities remain.

This 4-star opportunity generates a lot of cash and has a history of dividend growth.