{"id":321529,"date":"2025-12-01T23:36:24","date_gmt":"2025-12-01T23:36:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/321529\/"},"modified":"2025-12-01T23:36:24","modified_gmt":"2025-12-01T23:36:24","slug":"asx-on-the-cheap-6-low-p-e-companies-for-your-watchlist-sara-allen","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/321529\/","title":{"rendered":"ASX on the cheap: 6 low P\/E companies for your watchlist &#8211; Sara Allen"},"content":{"rendered":"<p class=\"\">After spending most of the year in record-high territory, the ASX has tumbled over the last few weeks. If there\u2019s one thing value hunters like to watch for, it\u2019s a decent fall. Nearly $40bn was wiped out from the ASX on Friday, 21 November, amid AI sell-offs in the US and shifting rate expectations.<\/p>\n<p>Could this spell opportunity?<\/p>\n<p class=\"wire-body-3rd-paragraph\">Value hunters need to consider both prices as well as fundamentals. There\u2019s no point in buying a cheap stock if it is actually \u2018cheap for a reason\u2019.<\/p>\n<p>To find candidates for a closer watch, I used\u00a0<a href=\"https:\/\/www.marketindex.com.au\/scans\/low-pe-ratio\" target=\"_blank\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\">Market Index\u2019s Low P\/E scan<\/a>\u00a0at market close on Friday, 21 November, which uses both P\/E ratio and trailing 12-month earnings based on ASX data.\u00a0I then added Market Index\u2019s broker consensus tool ratings to find 6 stocks with a STRONG BUY consensus. <\/p>\n<p>Given the composition of the Australian market, it should come as no surprise that Financial Services and Basic Materials companies featured prominently. That said, the list is a mixed bag and might surprise investors.<\/p>\n<p>Low P\/E stocks with strong buy broker consensus<\/p>\n<p>To provide context on these ratios, based on <a href=\"https:\/\/www.morningstar.com\/indexes\/xasx\/xjo\/portfolio?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">Morningstar data<\/a>, the S&amp;P\/ASX 200 is trading at a P\/E of 19.39x. Considering some of Australia\u2019s biggest and most widely held stocks also paints an interesting picture. For example, Commonwealth Bank trades at 25.29x, BHP at 14.7x and CSL at 18.68x.<\/p>\n<p>Here\u2019s Market Index\u2019s list, ordered by 1-year returns.<\/p>\n<p>Company<\/p>\n<p>Ticker<\/p>\n<p>Price<\/p>\n<p>P\/E<\/p>\n<p>EPS<\/p>\n<p>1-year<\/p>\n<p>5-year<\/p>\n<p>Navigator   Global <br \/>Investments<\/p>\n<p>NGI<\/p>\n<p>$2.94<\/p>\n<p>8.74<\/p>\n<p>$0.336<\/p>\n<p>78.18%<\/p>\n<p>84.91%<\/p>\n<p>Ramelius <br \/>Resources<\/p>\n<p>RMS<\/p>\n<p>$3.37<\/p>\n<p>8.27<\/p>\n<p>$0.407<\/p>\n<p>62.98%<\/p>\n<p>88.33%<\/p>\n<p>Qantas <br \/>Airways<\/p>\n<p>QAN<\/p>\n<p>$9.43<\/p>\n<p>9.07<\/p>\n<p>$1.04<\/p>\n<p>5.14%<\/p>\n<p>78.56%<\/p>\n<p>Greatland <br \/>Resources<\/p>\n<p>GGP<\/p>\n<p>$7.51<\/p>\n<p>5.66<\/p>\n<p>$1.326<\/p>\n<p>2.47%<\/p>\n<p>N\/a<\/p>\n<p>QBE Insurance <br \/>Group<\/p>\n<p>QBE<\/p>\n<p>$19.64<\/p>\n<p>9.54<\/p>\n<p>$2.058<\/p>\n<p>0.20%<\/p>\n<p>98.18%<\/p>\n<p>GQG Partners<\/p>\n<p>GQG<\/p>\n<p>$1.63<\/p>\n<p>6.55<\/p>\n<p>$0.248<\/p>\n<p>-23.71%<\/p>\n<p>-18.75%<\/p>\n<p class=\"can-not-delete\">Source: Market Index, 21 November 2025.<\/p>\n<p>A closer look at the list<\/p>\n<p>1)        Navigator Global Investments (<a href=\"https:\/\/www.livewiremarkets.com\/stock_codes\/asx-ngi\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/1378\/stock_code\" data-event-name-value=\"stock_code_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"stock_code\" data-event-id-value=\"1378\" target=\"_blank\" data-tip=\"true\" data-for=\"StockCode-1378\" rel=\"nofollow noopener\">ASX: NGI<\/a>)\u00a0<\/p>\n<p>Navigator is a diversified alternative asset management company that provides investment products and services and partners with leading management teams.<\/p>\n<p>  <img decoding=\"async\" class=\"\" data-controller=\"event zoom\" data-event-name-value=\"image_click\" data-event-view-name-value=\"\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" data-event-custom-data-value=\"{}\" data-event-ga-category-value=\"\" data-event-ga-action-value=\"\" data-event-ga-label-value=\"\" data-zoom-target=\"image\" data-action=\"zoom\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/Navigator.png\"  alt=\"5 year share price performance for NGI. Source: Market Index, 21 November 2025\" style=\"\" loading=\"lazy\"\/><\/p>\n<p>5 year share price performance for NGI. Source: Market Index, 21 November 2025<\/p>\n<p class=\"can-not-delete\">It announced <a href=\"https:\/\/www.navigatorglobal.com.au\/shareholders?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">strong returns for FY25<\/a>, with its adjusted earnings growing 26% and an 80% rise in net profit.<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/news\/reuters.com,2025:newsml_L6N3WF022:0-australia-s-navigator-global-at-5-1-2-year-peak-as-ubs-initiates-coverage-at-premium\/?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">UBS initiated coverage of the business recently<\/a>, noting that it is well-positioned to benefit from growing interest in and demand for alternative investments and believing that its growth strategy isn\u2019t fully appreciated by the market. <\/p>\n<p>Earlier this year, Datt Capital\u2019s <a href=\"https:\/\/www.livewiremarkets.com\/contributors\/emanuel-datt\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/39109\/contributor?section=contributor_hover_popup\" data-event-name-value=\"contributor_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"profile\" data-event-id-value=\"39109\" target=\"_blank\" data-tip=\"true\" data-for=\"Contributor-39109\" rel=\"nofollow noopener\">Emanuel Datt<\/a>\u00a0nominated it as a stock to hold for <a href=\"https:\/\/www.livewiremarkets.com\/wires\/the-stocks-the-easter-bunny-should-deliver-this-year-and-some-it-shouldn-t\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">the next five years<\/a>. <\/p>\n<p>He stated, \u201cunlike traditional fund managers, NGI earns recurring management and performance based fees without large capital outlays, enabling strong cash flow generation and high returns on equity.\u201d<\/p>\n<p>2)        Ramelius Resources (<a href=\"https:\/\/www.livewiremarkets.com\/stock_codes\/asx-rms\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/1657\/stock_code\" data-event-name-value=\"stock_code_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"stock_code\" data-event-id-value=\"1657\" target=\"_blank\" data-tip=\"true\" data-for=\"StockCode-1657\" rel=\"nofollow noopener\">ASX: RMS<\/a>)<\/p>\n<p>The gold mining and production business surged on the back of record gold prices, though it has fallen more recently in accordance with those same gold prices.<\/p>\n<p>  <img decoding=\"async\" class=\"\" data-controller=\"event zoom\" data-event-name-value=\"image_click\" data-event-view-name-value=\"\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" data-event-custom-data-value=\"{}\" data-event-ga-category-value=\"\" data-event-ga-action-value=\"\" data-event-ga-label-value=\"\" data-zoom-target=\"image\" data-action=\"zoom\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/Ramelius.png\"  alt=\"5 year share price performance for RMS. Source: Market Index, 21 November 2025\" style=\"\" loading=\"lazy\"\/><\/p>\n<p>5 year share price performance for RMS. Source: Market Index, 21 November 2025<\/p>\n<p class=\"can-not-delete\">It offered <a href=\"https:\/\/www.australianresourcesandinvestment.com.au\/2025\/08\/26\/ramelius-shares-rally-on-record-profit\/?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">record profit this year<\/a>, with net profit after tax up 119% and EBITDA up 81%. <\/p>\n<p>In the last few weeks, Ramelius released the feasibility study results for its Rebecca-Roe gold project, projected to position the business as one of Australia\u2019s largest and most profitable gold miners. The  project is expected to commence production in late 2028.<\/p>\n<p>In a recent episode of <a href=\"https:\/\/www.livewiremarkets.com\/wires\/buy-hold-sell-the-photo-finish-5-asx-stock-duels-that-could-go-either-way\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">Buy Hold Sell<\/a>, Antares Equities\u2019 <a href=\"https:\/\/www.livewiremarkets.com\/contributors\/nick-pashias\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/114536\/contributor?section=contributor_hover_popup\" data-event-name-value=\"contributor_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"profile\" data-event-id-value=\"114536\" target=\"_blank\" data-tip=\"true\" data-for=\"Contributor-114536\" rel=\"nofollow noopener\">Nick Pashias<\/a>\u00a0described it as \u201cthe ugly duckling\u201d which transformed its fortunes with the acquisition of Spartan and its high-grade Dalgaranga gold deposit.<\/p>\n<p>It was also named as a <a href=\"https:\/\/www.livewiremarkets.com\/wires\/inside-victor-smorgon-group-s-biggest-investment-bets-right-now\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">standout gold pick<\/a> by  Joseph Sitch from Victor Smorgon Group. <\/p>\n<p>3)        Qantas Airways (<a href=\"https:\/\/www.livewiremarkets.com\/stock_codes\/asx-qan\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/1631\/stock_code\" data-event-name-value=\"stock_code_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"stock_code\" data-event-id-value=\"1631\" target=\"_blank\" data-tip=\"true\" data-for=\"StockCode-1631\" rel=\"nofollow noopener\">ASX: QAN<\/a>)<\/p>\n<p>In the past few years, the airline has been in the news for all the wrong reasons. <\/p>\n<p>It faced $100 million penalty in 2024 for \u2018ghost flights\u201d where customers booked tickets for flights that were never intended to occur, a $90 million fine and $120 million in compensation for unlawful sourcing of ground handling this year, pressure over executive remuneration, a cyber attack affecting 5.7 million customers in July and criticism over its aging fleet and poor service standards.<\/p>\n<p>Could Qantas finally be leaving its poor recent history behind? <\/p>\n<p>  <img decoding=\"async\" class=\"\" data-controller=\"event zoom\" data-event-name-value=\"image_click\" data-event-view-name-value=\"\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" data-event-custom-data-value=\"{}\" data-event-ga-category-value=\"\" data-event-ga-action-value=\"\" data-event-ga-label-value=\"\" data-zoom-target=\"image\" data-action=\"zoom\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/Qantas.png\"  alt=\"5 year share price performance for QAN. Source: Market Index, 21 November 2025\" style=\"\" loading=\"lazy\"\/><\/p>\n<p>5 year share price performance for QAN. Source: Market Index, 21 November 2025<\/p>\n<p class=\"can-not-delete\">It announced a <a href=\"https:\/\/www.abc.net.au\/news\/2025-08-28\/airline-qantas-profit-up-28-per-cent-strong-travel-demand\/105705262?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">28% rise in net profit to $1.6 billion<\/a> for the last financial year and firm order for 214 aircraft to be delivered over the next two years across the group. In the last couple of weeks, it has seen the new Airbus A321XLR take flight, announced its plans for a <a href=\"https:\/\/www.abc.net.au\/news\/2025-11-13\/sa-government-and-qantas-enter-new-innovation-centre-agreement\/106005388?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">new product innovation centre<\/a> in Adelaide and partnered with Airwallex on a <a href=\"https:\/\/financialit.net\/news\/infrastructure\/qantas-business-money-introduces-yield-powered-airwallex-unlocking-high-returns?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">high-yield treasury product<\/a> for business customers. <\/p>\n<p><a href=\"https:\/\/www.livewiremarkets.com\/contributors\/james-hawkins\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/112255\/contributor?section=contributor_hover_popup\" data-event-name-value=\"contributor_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"profile\" data-event-id-value=\"112255\" target=\"_blank\" data-tip=\"true\" data-for=\"Contributor-112255\" rel=\"nofollow noopener\">James Hawkins<\/a>, L1 Capital, believes <a href=\"https:\/\/www.livewiremarkets.com\/wires\/l1-capital-sees-catalysts-in-these-4-companies\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">Qantas is a turnaround story<\/a> and is likely to see further improvement from fleet renewal and the Project Sunrise initiative for long-haul flights from Sydney and Melbourne direct to London and New York. <\/p>\n<p>Martin Currie\u2019s Chris Schade calls it a <a href=\"https:\/\/www.livewiremarkets.com\/wires\/qantas-shares-a-hold-as-jetstar-excels-says-martin-currie-s-chris-schade\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">Hold rather than a Buy<\/a>, but describes it as \u201ca business with momentum delivering for investors and that looks set to continue into the immediate future.\u201d<\/p>\n<p>4)        Greatland Resources (<a href=\"https:\/\/www.livewiremarkets.com\/stock_codes\/asx-ggp\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/28626\/stock_code\" data-event-name-value=\"stock_code_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"stock_code\" data-event-id-value=\"28626\" target=\"_blank\" data-tip=\"true\" data-for=\"StockCode-28626\" rel=\"nofollow noopener\">ASX: GGP<\/a>)<\/p>\n<p>The newly listed gold and copper producer operates the Telfer gold mine, one of Australia\u2019s largest gold-copper mining complexes and is in the process of developing Havieron, a high-grade world-class gold-copper deposit near Telfer. It is also exploring products in the Paterson Province near Telfer. It was listed in June 2025 on the ASX \u2013 the ASX listing represented a corporate restructure where its headquarters moved to Australia, as it was already listed on the London Stock Exchange.<\/p>\n<p>  <img decoding=\"async\" class=\"\" data-controller=\"event zoom\" data-event-name-value=\"image_click\" data-event-view-name-value=\"\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" data-event-custom-data-value=\"{}\" data-event-ga-category-value=\"\" data-event-ga-action-value=\"\" data-event-ga-label-value=\"\" data-zoom-target=\"image\" data-action=\"zoom\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/Greatland Resources.png\"  alt=\"Share price performance for GGP since ASX listing. Source: Market Index, 21 November 2025\" style=\"\" loading=\"lazy\"\/><\/p>\n<p>Share price performance for GGP since ASX listing. Source: Market Index, 21 November 2025<\/p>\n<p class=\"can-not-delete\">Macquarie\u2019s coverage at listing ranked the business as Outperform, seeing opportunities from institutional demand as well as the Havieron expansion. More recently, <a href=\"https:\/\/www.capitalbrief.com\/briefing\/greatland-resources-lifts-on-higher-than-expected-quarterly-gold-production-4372ce0f-9a18-4ec2-bd35-616f2057d0f8\/?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">Citi Research<\/a> lifted net cash and FY26 earnings forecasts for Greatland Resources. <\/p>\n<p>The miner received some backlash in August after\u00a0<a href=\"https:\/\/www.mining.com\/asx-slams-greatland-over-post-listing-gold-output-downgrade\/?utm_source=livewiremarkets.com&amp;utm_medium=referral\" target=\"_blank\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\">downgrading its forecasts for gold output<\/a>\u00a0a few weeks after the Australian listing, but has since\u00a0<a href=\"https:\/\/thebull.com.au\/news\/greatland-resources-shares-asx-ggp-jump-on-strong-production-update\/?utm_source=livewiremarkets.com&amp;utm_medium=referral\" target=\"_blank\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\">reported higher-than-expected quarterly gold production<\/a>.<\/p>\n<p>Firetrail\u2019s <a href=\"https:\/\/www.livewiremarkets.com\/contributors\/matthew-fist\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/72990\/contributor?section=contributor_hover_popup\" data-event-name-value=\"contributor_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"profile\" data-event-id-value=\"72990\" target=\"_blank\" data-tip=\"true\" data-for=\"Contributor-72990\" rel=\"nofollow noopener\">Matthew Fist<\/a>\u00a0highlighted bottom-up opportunities for gold investors from Greatland Resources, noting that <a href=\"https:\/\/www.livewiremarkets.com\/wires\/active-small-caps-catching-up-and-standing-out\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">gold had been a theme for outperformance<\/a> in the Firetrail Small Companies Fund.  <\/p>\n<p>5)        QBE Insurance Group (<a href=\"https:\/\/www.livewiremarkets.com\/stock_codes\/asx-qbe\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/1633\/stock_code\" data-event-name-value=\"stock_code_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"stock_code\" data-event-id-value=\"1633\" target=\"_blank\" data-tip=\"true\" data-for=\"StockCode-1633\" rel=\"nofollow noopener\">ASX: QBE<\/a>)<\/p>\n<p>One of Australia\u2019s largest insurers, QBE operates in 27 countries and has had a strong year financially. In its FY25 report in August, net profit after tax jumped 28% to $US997 million, gross written premiums were up 6% and the outlook for growth in gross written premiums was for mid-single digits.<\/p>\n<p>  <img decoding=\"async\" class=\"\" data-controller=\"event zoom\" data-event-name-value=\"image_click\" data-event-view-name-value=\"\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" data-event-custom-data-value=\"{}\" data-event-ga-category-value=\"\" data-event-ga-action-value=\"\" data-event-ga-label-value=\"\" data-zoom-target=\"image\" data-action=\"zoom\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/QBE.png\"  alt=\"5 year share price performance for QBE. Source: Market Index, 21 November 2025\" style=\"\" loading=\"lazy\"\/><\/p>\n<p>5 year share price performance for QBE. Source: Market Index, 21 November 2025<\/p>\n<p class=\"can-not-delete\">In recent weeks, it launched US$300m in subordinated notes, partnered with Virgin Australia to offer velocity points on new insurance policies and announced a new Chair for its Group Board with Jasmin Allen replacing Mike Wilkins.<\/p>\n<p>Wilson Asset Management\u2019s <a href=\"https:\/\/www.livewiremarkets.com\/contributors\/anna-milne-1497d8b8-ae8a-4688-9f7d-f21bd068b573\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/96893\/contributor?section=contributor_hover_popup\" data-event-name-value=\"contributor_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"profile\" data-event-id-value=\"96893\" target=\"_blank\" data-tip=\"true\" data-for=\"Contributor-96893\" rel=\"nofollow noopener\">Anna Milne<\/a>\u00a0described it <a href=\"https:\/\/www.livewiremarkets.com\/wires\/wilson-s-anna-milne-says-qbe-a-hold-as-profits-return-on-equity-jump\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">as a Hold<\/a> and noted, \u201cthey are extremely well capitalised and are generating a ROE above 19%,\u201d but cautioned around swing factors in terms of US hurricane season and crop performance.<\/p>\n<p>In a mid-year episode of <a href=\"https:\/\/www.livewiremarkets.com\/wires\/buy-hold-sell-5-asx-financials-that-aren-t-the-banks\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">Buy, Hold, Sell<\/a>, First Sentier\u2019s <a href=\"https:\/\/www.livewiremarkets.com\/contributors\/david-wilson-first-sentier\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/74804\/contributor?section=contributor_hover_popup\" data-event-name-value=\"contributor_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"profile\" data-event-id-value=\"74804\" target=\"_blank\" data-tip=\"true\" data-for=\"Contributor-74804\" rel=\"nofollow noopener\">David Wilson<\/a>\u00a0highlighted the careful improvement to the business by the CEO over many years after a difficult decade between 2010-2020. <\/p>\n<p>\u201cIt\u2019s now earning 15% to 18% ROE. So it\u2019s been a slow, patient improvement and we see more runway for the stock from here,\u201d he said.<\/p>\n<p>Analysts will be watching to see whether premiums are adequate to cover the challenges of disaster seasons in the US and Australia. They\u2019ll also be watching to see what comes next in the ASIC court case launched in 2024, which has been delayed many times. ASIC alleged QBE misled customers over the value of discounts on certain insurance products. The latest update on the case saw the Court give ASIC a deadline of 27 February 2026 to file and serve an agreed statement of facts around the case. <\/p>\n<p>6)        GQG Partners (<a href=\"https:\/\/www.livewiremarkets.com\/stock_codes\/asx-gqg\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/2965\/stock_code\" data-event-name-value=\"stock_code_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"stock_code\" data-event-id-value=\"2965\" target=\"_blank\" data-tip=\"true\" data-for=\"StockCode-2965\" rel=\"nofollow noopener\">ASX: GQG<\/a>)<\/p>\n<p>Readers will note that this business has underperformed on both a one-year basis and a five-year basis \u2013 yet it still comes up as undervalued. There\u2019s also been plenty of cautionary tales in the funds management world to hold would-be investors back. Here\u2019s what you need to know.<\/p>\n<p>GQG Partners is a global boutique asset management firm that offers active equity portfolios. It has a focus on what it describes as \u2018forward looking quality\u2019 considering those companies it believes will be successful over the next five years and beyond.<\/p>\n<p>  <img decoding=\"async\" class=\"\" data-controller=\"event zoom\" data-event-name-value=\"image_click\" data-event-view-name-value=\"\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" data-event-custom-data-value=\"{}\" data-event-ga-category-value=\"\" data-event-ga-action-value=\"\" data-event-ga-label-value=\"\" data-zoom-target=\"image\" data-action=\"zoom\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/12\/GQG.png\"  alt=\"5 year share price performance for GQG. Source: Market Index, 21 November 2025\" style=\"\" loading=\"lazy\"\/><\/p>\n<p>5 year share price performance for GQG. Source: Market Index, 21 November 2025<\/p>\n<p class=\"can-not-delete\">GQG shifted its <a href=\"https:\/\/www.livewiremarkets.com\/wires\/dotcom-on-steroids\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">portfolios away from big tech stocks into more defensive sectors<\/a> on the back of concerns over <a href=\"https:\/\/gqg.com\/insights\/brian-on-bloomberg-tech-gqg-shorts-webpage-and-social-clips\/?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">valuations and a potential AI bubble<\/a>. As big tech has continued on the whole to surge, this has hit returns in the portfolios, in turn, weighing on share prices. The firm experienced a <a href=\"https:\/\/www.capitalbrief.com\/briefing\/gqg-partners-posts-34-decline-in-fum-in-july-d49da41f-9c08-4c8a-96b0-91de8bce71ce\/?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">3.4% drop in July alone, to the tune of US$1.4 billion, driven largely by a single institutional investor.<\/a> Off the back of this, share prices also dropped.<\/p>\n<p>In the last week, GQG <a href=\"https:\/\/simplywall.st\/stocks\/au\/diversified-financials\/asx-gqg\/gqg-partners-shares\/news\/gqg-partners-asxgqg-exploring-valuation-after-major-investme?utm_source=livewiremarkets.com&amp;utm_medium=referral\" rel=\"nofollow noopener\" data-controller=\"event\" data-event-name-value=\"external_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" target=\"_blank\">significantly increased holdings across five Adani Group companies<\/a> as part of its views on opportunities in emerging markets and a strategic focus on infrastructure and energy. The news was positively received by investors and shares jumped 9.1%. <\/p>\n<p>Seneca Financial Solutions\u2019 <a href=\"https:\/\/www.livewiremarkets.com\/contributors\/luke-laretive-seneca\" data-controller=\"tooltip event\" data-tooltip-url-value=\"\/hotwired\/hovercards\/29921\/contributor?section=contributor_hover_popup\" data-event-name-value=\"contributor_mention_popup_hover\" data-event-event-value=\"mouseover\" data-event-statisticable-value=\"profile\" data-event-id-value=\"29921\" target=\"_blank\" data-tip=\"true\" data-for=\"Contributor-29921\" rel=\"nofollow noopener\">Luke Laretive<\/a>\u00a0sold his position in <a href=\"https:\/\/www.livewiremarkets.com\/wires\/what-a-40-year-taught-us-4-lessons-from-the-past-12-months-and-3-new-stocks-to-buy\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">GQG Partners in July<\/a> ahead of GQG reporting its first negative monthly outflow.  <\/p>\n<p>Macquarie <a href=\"https:\/\/www.livewiremarkets.com\/wires\/this-asx-fundie-is-on-a-forward-pe-of-11-with-a-monster-11-12-dividend-yield-says-macquarie\" data-controller=\"event\" data-event-name-value=\"internal_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" rel=\"nofollow noopener\" target=\"_blank\">forecast a 11.4% yield for GQG in FY26<\/a>, though lowered valuations to reflect FUM outflows. It did caution that, \u201cAs GQG maintains defensive positioning across all strategies, continued underperformance could potentially be a headwind for future net flows.\u201d <\/p>\n<p>Cheap for a reason or an opportunity?<\/p>\n<p>While the brokers might be tipping Strong Buys, the information for some of the above might not stand out as good news stories to grab. Do your due diligence: hunting for cheap stocks is more often than not a matter of caveat emptor; it could be a great opportunity, or it could just be a dog. Fundamentals matter.<\/p>\n<p>Never miss an update<\/p>\n<p>    Enjoy this wire? Hit the \u2018like\u2019 button to let us know.<br \/>\n    Stay up to date with my current content by<br \/>\n    <a class=\"text-primary\" data-controller=\"event\" data-event-name-value=\"auto_cta_link_click\" data-event-id-value=\"64302\" data-event-statisticable-value=\"wire\" data-event-custom-data-value=\"{&quot;section&quot;:&quot;auto_cta&quot;,&quot;experiment&quot;:&quot;LPH-4355&quot;,&quot;page&quot;:&quot;wire&quot;}\" data-event-ga-category-value=\"wire\" data-event-ga-action-value=\"auto_cta_link_click\" data-event-ga-label-value=\"auto_cta\" href=\"https:\/\/www.livewiremarkets.com\/sign_up?pid=122518\" rel=\"nofollow noopener\" target=\"_blank\">following me<\/a> below and you\u2019ll be notified every time I post a wire<\/p>\n","protected":false},"excerpt":{"rendered":"After spending most of the year in record-high territory, the ASX has tumbled over the last few weeks.&hellip;\n","protected":false},"author":2,"featured_media":321530,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,63,25959,181078,99,208,171],"class_list":{"0":"post-321529","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-au","9":"tag-australia","10":"tag-australian-equities","11":"tag-australian-value-investing","12":"tag-business","13":"tag-growth","14":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/321529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=321529"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/321529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/321530"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=321529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=321529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=321529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}