Manage episode 375418736 series 2656707
In the midst of reporting season, it's often easy to forget about the long-term potential of some of the market's great compounders.
Last week, we saw stocks like Megaport (ASX: MP1) and Altium (ASX: ALU) soar 20% in one day on the back of their results, while stocks that disappointed, like Ramsay Health Care (ASX: RHC) and Iluka Resources (ASX: ILU), were punished by the market.
But by looking through quarterlies, half yearlies and full-year results, investors can see the bigger picture.
Companies like REA Group (ASX: REA) have returned 345% over the past 10 years, while Fortescue Metals Group (ASX: FMG) has lifted 378%, Xero (ASX: XRO) has soared 706%, and Pro Medicus (ASX: PME) has skyrocketed 15,054%. Over that same time period, the ASX All Ordinaries has only lifted 43% (and the benchmark tracking Australia's biggest companies, the ASX 200, has risen 39%).
Plus, they also name seven companies for above-market returns over the years ahead.
Note: This episode was filmed on Wednesday 23 August 2023. You can read an edited transcript below: