Martin Roth’s book “Top Stocks” has been published annually since 1995 (27 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 2021 criteria for a “Top Stock”:
The list below includes all companies mentioned in the 2021 book plus those currently meeting the criteria.
In the 27 editions of Top Stocks, only three companies have appeared every single year; ANZ, CBA and WBC.