20 Biggest Winners of FY2024 - Stocks Under The Hood

As the 2024 Financial year is now closed, I want to take a look at the top 20 Biggest Winners of FY2024 in the ASX 300 and see if there is anything that can be learned from them. Specifically I’m looking to see if they are profitable, if they are growing and if so, how fast and lastly their Price Earnings Ratio (PER) to see if there remains any value. I’ll also take a look at their price charts.

20 Biggest Winners of FY2024

1. ZIP Co ASX:ZIP

Revenue expected to grow 22% this year and EBITDA to turn positive for the first time. FY24e PER 141.

20 Biggest Winners of FY2024 - 1. ZIP Co ASX:ZIP price chart with moving averages and trailing ATR stop loss

2. Tuas ASX:TUA

Revenue expected to grow 29% and EBITDA 41%. FY24e PER n/a (not expected to be profitable this year).

20 Biggest Winners of FY2024 - 2. ASX:TUA price chart with moving averages and trailing ATR stop loss

3. Pro Medicus ASX:PME

Revenue to grow 30% this year and EBITDA 29%. FY24e PER 188.

20 Biggest Winners of FY2024 - 3. ASX:PME price chart with moving averages and trailing ATR stop loss

4. MMA Offshore ASX:MRM

Under takeover with Revenue to grow 37% and EBTIDA 96% this year. FY24e PER 14. Looks like the acquirer is picking up a bargain!

20 Biggest Winners of FY2024 - 4. ASX:MRM price chart with moving averages and trailing ATR stop loss

5.Life360 ASX:360

Revenue up 21% and EBITDA 60% this year. FY24e PER 82.

20 Biggest Winners of FY2024 - 5. ASX:360 price chart with moving averages and trailing ATR stop loss

6.Regis Healthcare ASX:REG

Revenue up 14% and EBTDA 28% is the forecast for this year. FY24e PER 36.

20 Biggest Winners of FY2024 - 6. ASX:REG price chart with moving averages and trailing ATR stop loss

7.Bannerman Energy ASX:BMN

Uranium explorer with first production expected in 2027 benefitting from a Uranium price that has risen from $56 per pound to $84 in the last 12 months. FY24e PER n/a (not expected to be profitable this year).

20 Biggest Winners of FY2024 - 7. ASX:BMN price chart with moving averages and trailing ATR stop loss

8 Altium ASX:ALU

Under takeover with revenue up 14% and EBITDA up 9% predicted for this year. FY24e PER 76.

20 Biggest Winners of FY2024 - 8. ASX:ALU price chart with moving averages and trailing ATR stop loss

9. Wildcat Resources ASX:WC8

Gold, lithium, copper and nickel explorer with no revenues anticipated before 2028. FY24e PER n/a.

20 Biggest Winners of FY2024 - 9. ASX:WC8 price chart with moving averages and trailing ATR stop loss

10. HUB 24 ASX:HUB

This year revenue is expected to grow 19% while EBITDA is expected to improve by 17%. FY24e PER 56.

20 Biggest Winners of FY2024 - 10. ASX:HUB price chart with moving averages and trailing ATR stop loss

11. Lotus Resources ASX:LOT

Uranium explorer with first revenues forecast for 2026. FY24e PER n/a (not expected to be profitable this year).

20 Biggest Winners of FY2024 - 11.ASX:LOT price chart with moving averages and trailing ATR stop loss

12. West African Resources ASX:WAF

Gold miner with revenue forecast to grow 4% and EBITDA to grow 8%. FY24e PER 11.

20 Biggest Winners of FY2024 - 12. ASX:WAF price chart with moving averages and trailing ATR stop loss

13. Red5 ASX:RED

Gold miner with revenue forecast to grow 36% and EBTIDA to grow 90%. They also recently merged with Silver Lake Resources roughly doubling the size of the company as a result. FY24e PER 18.

20 Biggest Winners of FY2024 - 13. ASX:RED price chart with moving averages and trailing ATR stop loss

14. CSR ASX:CSR

Under takeover. Revenues expected to grow 1% and EBITDA by 1%. FY24e PER 18.

20 Biggest Winners of FY2024 - 14. ASX:CSR price chart with moving averages and trailing ATR stop loss

15. SiteMinder ASX:SDR

Revenue to grow 27% and EBITDA to turn positive for the first time this year. FY24e PER n/a (not expected to be profitable this year).

20 Biggest Winners of FY2024 - 15. ASX:SDR price chart with moving averages and trailing ATR stop loss

16. Deep Yellow ASX:DYL

Uranium explorer with first significant revenues expected in 2026. FY24e PER n/a (not expected to be profitable this year).

20 Biggest Winners of FY2024 - 16. ASX:DYL price chart with moving averages and trailing ATR stop loss

17. Neuren Pharmaceuticals ASX:NEU

Revenues and EBTIDA are predicted to fall this year after a breakout year last year. Growth is predicted to return in 2025. FY24e PER 30.

20 Biggest Winners of FY2024 - 17. ASX:NEU price chart with moving averages and trailing ATR stop loss

18. Goodman Group ASX:GMG

Revenues and EBTIDA forecast to grow 15% and 16% respectively in 2024. FY24e PER 33.

20 Biggest Winners of FY2024 - 18. ASX:GMG price chart with moving averages and trailing ATR stop loss

19. Audinate ASX:AD8

Revenues to grow 34% and EBITDA 78% this year. FY24e PER 144.

20 Biggest Winners of FY2024 - 19. ASX:AD8 price chart with moving averages and trailing ATR stop loss

20. Lovisa ASX:LOV

Revenues to grow 20% and EBITDA 88% this year. FY24e PER 43.

20 Biggest Winners of FY2024 - 20. ASX:LOV price chart with moving averages and trailing ATR stop loss

Final thoughts on the 20 Biggest Winners of FY2024

Most of the stocks on this list are supported by strong revenue and earnings growth. However, when viewed through the lens of the P/E ratio, there doesn’t seem to be much value. Despite this, some of these stocks have consistently been top performers on the ASX for years and rarely appear “cheap.” The saying “cut your losses early and let your winners run” is common in investing. To truly embrace this approach, you must also be comfortable holding stocks that are sometimes significantly overvalued. While many of the stocks mentioned may have room to rise further, some charts clearly show that the trend has now broken down.

All in all, this is an impressive list of companies, a number of which are considered to be the best quality businesses on the Australian Stock Exchange. Some others are being backed to be future stars while a few of the resource companies have benefitted from steep rises in their underlying commodities which may or may not be sustainable.

Post Thought – The best stocks of FY2023

4 of the best stocks of FY2023 are once again among the top 20 best in FY2024. None of the worst stocks of FY2023 appear on the best stock list in FY2024.

Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.