Fundamentally Sound
Martin Roth’s book “Top Stocks” has been published annually since 1995 (29 editions) and highlights ~100 Australian listed companies considered financially sound.
During Martin's analysis, a company’s share price is ignored. The goal is to select companies with a strong balance sheet and a focus on profitability, debt levels and dividends.
The companies mentioned in the book provide investors with a great fundamental filter over Australia's ~2,300 listed companies. The final shortlist can be used as a watchlist, or to simply uncover companies that might warrant further investigation.
The 2023 criteria for a “Top Stock”:
- Publicly listed since 2017
- A constituent of the All Ordinaries Index (i.e. Top 500 company by market capitalisation)
- Return on Equity (ROE) ratio of at least 10% in the most recent financial year
- Debt-to-Equity (D/E) ratio less than 70%
- Foreign registered stocks and listed managed investments are excluded
The list below includes all companies mentioned in the 2023 book plus those currently meeting the criteria.
Interesting fact...
In the 29 editions of Top Stocks, only Commonwealth Bank has appeared every single year.
List of Companies
Code | Company | Price | 1 Day | 1 Week | 1 Month | 1 Year | Sector | Mkt Cap |
---|---|---|---|---|---|---|---|---|
ADH | Adairs Ltd | $2.47 | +3.78% | +6.93% | +27.65% | +21.68% | Consumer Cyclical | $427.44 M |
ALU | Altium Ltd | $65.10 | -0.17% | -0.28% | -1.36% | +74.72% | Technology | $8.59 B |
AWC | Alumina Ltd | $1.26 | 0.00% | +6.81% | +15.67% | -10.99% | Basic Materials | $3.64 B |
ANN | Ansell Ltd | $23.50 | +1.82% | +0.47% | -2.81% | -10.99% | Healthcare | $2.93 B |
ARB | ARB Corporation Ltd | $40.50 | -0.98% | -0.71% | +12.56% | +28.74% | Consumer Cyclical | $3.33 B |
ALL | Aristocrat Leisure Ltd | $44.44 | +0.18% | -3.18% | +0.27% | +28.77% | Consumer Cyclical | $28.33 B |
ASX | ASX Ltd | $67.69 | -0.07% | +1.52% | +3.95% | +1.67% | Financial Services | $13.1 B |
AUB | AUB Group Ltd | $28.96 | -1.96% | -5.08% | -5.51% | +18.93% | Financial Services | $3.14 B |
AZJ | Aurizon Holdings Ltd | $3.91 | +0.77% | +0.77% | 0.00% | +18.85% | Industrials | $7.2 B |
ANZ | ANZ Group Holdings Ltd | $28.80 | -0.21% | -1.51% | +1.34% | +28.06% | Financial Services | $86.62 B |
AEF | Australian Ethical Investment Ltd | $4.73 | +0.64% | +0.64% | -4.64% | +64.24% | Financial Services | $533.46 M |
BBN | Baby Bunting Group Ltd | $2.07 | +14.37% | +24.32% | +15.00% | +11.29% | Consumer Cyclical | $279.26 M |
BAP | Bapcor Ltd | $5.97 | -0.33% | -0.67% | +2.05% | -7.44% | Consumer Cyclical | $2.03 B |
BPT | Beach Energy Ltd | $1.75 | +1.74% | +4.17% | -2.24% | +33.59% | Energy | $3.99 B |
BLX | Beacon Lighting Group Ltd | $2.90 | +1.75% | +0.35% | +5.84% | +61.11% | Consumer Cyclical | $655.36 M |
BHP | BHP Group Ltd | $43.59 | +2.78% | +1.80% | -4.43% | +1.47% | Basic Materials | $220.95 B |
BSL | Bluescope Steel Ltd | $22.53 | +0.90% | +2.32% | -1.40% | +17.59% | Basic Materials | $10.04 B |
BRG | Breville Group Ltd | $27.19 | -3.27% | -1.27% | +3.42% | +45.09% | Consumer Cyclical | $3.9 B |
BKW | Brickworks Ltd | $29.33 | -1.91% | -4.96% | +4.56% | +29.44% | Basic Materials | $4.47 B |
CAR | CAR Group Ltd | $34.96 | +0.37% | -1.60% | +1.22% | +62.00% | Communication Services | $13.18 B |
CUV | Clinuvel Pharmaceuticals Ltd | $13.77 | -1.22% | +4.24% | -12.68% | -28.98% | Healthcare | $690.25 M |
CLV | Clover Corporation Ltd | $0.805 | -1.83% | -2.42% | +0.63% | -32.92% | Basic Materials | $134.43 M |
COH | Cochlear Ltd | $329.99 | -0.82% | -1.68% | -1.36% | +46.45% | Healthcare | $21.61 B |
CDA | Codan Ltd | $10.28 | -2.56% | -0.48% | +23.11% | +93.60% | Technology | $1.86 B |
CKF | Collins Foods Ltd | $10.21 | -0.97% | -0.78% | -5.46% | +26.21% | Consumer Cyclical | $1.2 B |
CBA | Commonwealth Bank of Australia | $115.78 | -0.58% | -1.99% | -0.43% | +20.50% | Financial Services | $193.89 B |
CPU | Computershare Ltd | $25.04 | +0.52% | -1.57% | -4.46% | +22.03% | Technology | $14.93 B |
CCP | Credit Corp Group Ltd | $17.77 | -1.82% | -4.87% | -6.82% | +7.37% | Financial Services | $1.21 B |
CSL | CSL Ltd | $279.17 | -0.14% | -0.72% | -1.70% | -2.01% | Healthcare | $134.91 B |
CSR | CSR Ltd | $8.82 | 0.00% | 0.00% | +29.90% | +84.91% | Basic Materials | $4.21 B |
DTL | Data#3 Ltd | $8.48 | 0.00% | -3.42% | +10.27% | +17.61% | Technology | $1.31 B |
ELD | Elders Ltd | $9.19 | +0.99% | +3.49% | +5.63% | +7.49% | Consumer Defensive | $1.45 B |
EGG | Enero Group Ltd | $1.66 | +1.53% | +4.42% | +7.12% | -14.91% | Communication Services | $151.18 M |
FID | Fiducian Group Ltd | $7.00 | +1.16% | +2.19% | +4.48% | +12.72% | Financial Services | $220.34 M |
FMG | Fortescue Ltd | $24.54 | +3.59% | -2.00% | -13.59% | +17.98% | Basic Materials | $75.56 B |
GLB | Globe International Ltd | $2.85 | +3.64% | -9.52% | -5.00% | +1.42% | Consumer Cyclical | $118.17 M |
GRR | Grange Resources Ltd | $0.415 | +3.75% | -11.70% | -6.74% | -41.96% | Basic Materials | $480.3 M |
GUD | G.U.D. Holdings Ltd | $11.40 | -1.30% | +1.60% | +3.45% | +26.67% | Consumer Cyclical | $1.61 B |
GWA | GWA Group Ltd | $2.69 | -2.89% | -2.89% | +14.96% | +65.54% | Industrials | $713.4 M |
HSN | Hansen Technologies Ltd | $4.94 | -1.59% | -1.20% | -8.18% | +12.53% | Technology | $1 B |
HVN | Harvey Norman Holdings Ltd | $4.91 | +0.41% | +3.15% | +3.59% | +33.06% | Consumer Cyclical | $6.12 B |
HLS | Healius Ltd | $1.20 | -0.42% | -8.78% | -17.01% | -57.11% | Healthcare | $867.69 M |
IEL | Idp Education Ltd | $19.06 | 0.00% | +1.22% | -7.12% | -28.32% | Consumer Cyclical | $5.31 B |
IGO | IGO Ltd | $7.75 | +1.44% | +2.51% | +3.47% | -34.16% | Basic Materials | $5.87 B |
ILU | Iluka Resources Ltd | $7.29 | +2.39% | +8.64% | +0.83% | -26.36% | Basic Materials | $3.12 B |
IPH | IPH Ltd | $6.15 | -0.16% | -1.76% | -11.51% | -16.55% | Industrials | $1.51 B |
IRE | Iress Ltd | $8.27 | -1.78% | -5.16% | -3.50% | -4.50% | Technology | $1.54 B |
JBH | JB Hi-Fi Ltd | $61.25 | +0.20% | +4.68% | -4.98% | +46.71% | Consumer Cyclical | $6.7 B |
JLG | Johns LYNG Group Ltd | $6.13 | -0.16% | -6.84% | -14.62% | +0.49% | Industrials | $1.7 B |
JIN | Jumbo Interactive Ltd | $17.00 | -0.70% | -2.64% | +5.26% | +34.92% | Consumer Cyclical | $1.07 B |
LIC | Lifestyle Communities Ltd | $15.35 | -1.10% | -3.40% | -15.42% | +4.17% | Real Estate | $1.8 B |
MQG | Macquarie Group Ltd | $197.32 | -0.58% | +0.13% | +2.40% | +17.61% | Financial Services | $75.73 B |
MFG | Magellan Financial Group Ltd | $9.72 | +0.21% | +7.29% | +3.19% | +27.23% | Financial Services | $1.76 B |
MMS | Mcmillan Shakespeare Ltd | $19.50 | -1.37% | -6.02% | +11.05% | +41.30% | Industrials | $1.36 B |
MPL | Medibank Private Ltd | $3.74 | -1.58% | -1.58% | -0.27% | +17.61% | Financial Services | $10.3 B |
MTS | Metcash Ltd | $3.88 | -0.77% | +1.84% | +9.61% | +3.47% | Consumer Defensive | $4.24 B |
MHJ | Michael Hill International Ltd | $0.705 | +6.02% | +0.71% | -11.88% | -32.54% | Consumer Cyclical | $271.16 M |
MIN | Mineral Resources Ltd | $68.21 | +3.08% | +4.17% | +14.16% | -11.57% | Basic Materials | $13.31 B |
MND | Monadelphous Group Ltd | $13.52 | +1.50% | -0.07% | -2.10% | +21.04% | Industrials | $1.31 B |
NAB | National Australia Bank Ltd | $33.94 | -0.26% | -0.26% | +2.63% | +21.82% | Financial Services | $105.51 B |
NWL | Netwealth Group Ltd | $20.46 | -0.68% | +0.99% | +15.66% | +57.99% | Financial Services | $4.99 B |
NHF | Nib Holdings Ltd | $7.74 | -1.15% | -2.64% | -3.97% | +13.66% | Financial Services | $3.75 B |
NCK | Nick Scali Ltd | $14.93 | +0.88% | +5.74% | -1.26% | +67.19% | Consumer Cyclical | $1.21 B |
NEC | Nine Entertainment Co. Holdings Ltd | $1.69 | +0.30% | +5.30% | -9.87% | -11.29% | Communication Services | $2.74 B |
NWH | NRW Holdings Ltd | $3.00 | -0.66% | -0.33% | +5.63% | +42.86% | Industrials | $1.36 B |
OCL | Objective Corporation Ltd | $13.23 | -1.27% | -2.07% | +17.91% | +8.44% | Technology | $1.26 B |
OZL | OZ Minerals Ltd | $28.19 | 0.00% | 0.00% | +0.32% | +17.61% | Basic Materials | $9.51 B |
PDL | Pendal Group Ltd | $5.18 | 0.00% | 0.00% | +4.23% | +6.80% | Financial Services | $1.98 B |
PPE | Peoplein Ltd | $1.06 | +4.46% | +0.48% | -22.43% | -58.30% | Industrials | $109.68 M |
PPT | Perpetual Ltd | $24.13 | -1.23% | -2.35% | -5.37% | +18.75% | Financial Services | $2.74 B |
PNI | Pinnacle Investment Management Group Ltd | $11.50 | +0.88% | +2.31% | +2.77% | +53.54% | Financial Services | $2.34 B |
PTM | Platinum Asset Management Ltd | $1.21 | +3.43% | +4.78% | +16.99% | -27.63% | Financial Services | $701.51 M |
PMV | Premier Investments Ltd | $29.91 | -0.57% | +1.32% | +3.89% | +17.16% | Consumer Cyclical | $4.77 B |
PME | Pro Medicus Ltd | $97.11 | -2.32% | -2.04% | +11.31% | +55.15% | Healthcare | $10.14 B |
PWH | PWR Holdings Ltd | $11.84 | +1.54% | +0.42% | +8.52% | +23.72% | Consumer Cyclical | $1.19 B |
REA | REA Group Ltd | $180.00 | +1.20% | -1.57% | -2.75% | +37.20% | Communication Services | $23.78 B |
REH | Reece Ltd | $27.88 | -0.54% | -0.18% | +20.59% | +73.92% | Industrials | $18.01 B |
RWC | Reliance Worldwide Corporation Ltd | $5.66 | -1.74% | +0.71% | +28.35% | +66.47% | Industrials | $4.47 B |
RIC | Ridley Corporation Ltd | $2.33 | +1.75% | +0.43% | -4.51% | +9.91% | Consumer Defensive | $735.89 M |
RIO | RIO Tinto Ltd | $120.39 | +2.48% | +4.15% | -6.65% | +5.62% | Basic Materials | $44.69 B |
SFC | Schaffer Corporation Ltd | $22.22 | 0.00% | -1.90% | +16.34% | +17.63% | Consumer Cyclical | $301.68 M |
SEK | Seek Ltd | $25.45 | -0.55% | -4.11% | +0.39% | +9.51% | Communication Services | $9.07 B |
SRV | Servcorp Ltd | $3.70 | -0.27% | 0.00% | +7.25% | +16.35% | Real Estate | $364.16 M |
SIQ | Smartgroup Corporation Ltd | $9.20 | -0.86% | -4.07% | -4.17% | +53.08% | Industrials | $1.22 B |
SHL | Sonic Healthcare Ltd | $27.35 | -1.87% | -3.93% | -14.37% | -19.13% | Healthcare | $13.07 B |
SDF | Steadfast Group Ltd | $5.68 | -1.56% | -1.05% | -4.38% | +4.03% | Financial Services | $6.28 B |
SUL | Super Retail Group Ltd | $15.13 | -0.26% | +2.65% | -8.19% | +25.46% | Consumer Cyclical | $3.42 B |
SNL | Supply Network Ltd | $18.07 | -1.31% | +1.98% | +0.61% | +49.71% | Consumer Cyclical | $758.78 M |
TNE | Technology One Ltd | $17.05 | +1.01% | +4.15% | +2.77% | +21.01% | Technology | $5.55 B |
TLS | Telstra Group Ltd | $3.78 | -1.05% | -0.79% | -2.07% | -8.70% | Communication Services | $43.68 B |
WES | Wesfarmers Ltd | $66.06 | -0.68% | -0.02% | +4.94% | +36.91% | Consumer Cyclical | $74.92 B |
WTC | Wisetech Global Ltd | $95.21 | +0.69% | -0.27% | +19.00% | +53.86% | Technology | $31.75 B |
WOW | Woolworths Group Ltd | $32.07 | -1.29% | -2.08% | -10.87% | -12.02% | Consumer Defensive | $39.18 B |